EQUIPPING CHURCHES TO ENGAGE COMMUNITIES
ANNUAL REPORT APRIL 2022 – MARCH 2023
cinnamonconnect.co.uk
CONTENTS
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Welcome 3
Cinnamon Network 4
Context 6
Case Study: Bridge Community Church in Bury St Edmunds 7
Supporting church leaders, activists and volunteers 8
Case Study: Gainsborough Social Action Audit 10
Supporting Social Action Projects 12
Case Study: Street Storage 14
Case Study: Purple Shoots 15
Financial Review 16
Reserves Policy 17
Risk Management 18
Structure, Governance and Management 20
Independent Examiner’s Report 22
Financial Statements 25
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WELCOME
Dear Friends,
Change, as we know, is often life’s only certainty. Once again, our nation has faced a myriad of challenges. The current cost of living crisis continues to deepen inequality across the country and we’re seeing its impact on the mental health and wellbeing of our communities.
The Church has consistently stepped up to the challenges in their communities. These bodies of believers are rich in compassion, but often lack the resources and the know-how to respond effectively.
This is where the Cinnamon Network has been an invaluable resource. Over the past year, we’ve continued to be the catalyst which has enabled small Christian charities, churches and individual activists to respond quickly and with great professionalism to the challenges in their communities.
As an organisation, we have continued to be agile in our approach, adding the Cinnamon Connect Academy nine-month course to help individuals gain a breadth of expertise in faith-based social action. We’ve also completed successful pilots of our updated Cinnamon Social Action Audits.
Finally, this year we celebrated our 10 years of the Cinnamon Incubator Programme. Over this 10 year period we have incubated 53 projects, 44 in the UK and nine outside. 39 are still in operation and of these 32 UK projects recently shared their data with us.
These projects have gone on to replicate in 1,038 locations across the UK, supported by 24,000 volunteers who on average give 3 ½ hours a week. The value of this volunteer time is worth more than £30 million. But the most important finding was that these projects have reached out and helped 160,000 individual beneficiaries.
I would like to express my thanks to our supporters who have enabled us to encourage so many and reach out in a practical and relevant way to those in need of support in our communities.
Martin Warner Chair of Trustees
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
CINNAMON NETWORK
We want to see communities transformed. We do that by developing Christian social action projects and helping individual church leaders and volunteers to work professionally and effectively with their communities.
798[ CINNAMON CONNECT MEMBERS]
27[ MICRO-GRANTS GIVEN]
580[ WEBINAR REGISTRATIONS]
“ WE REALLY APPRECIATE THE ADDED VALUE THAT CINNAMON BRINGS TO OUR STAFF AND VOLUNTEERS.”
SIMON ROBINSON LEAD MINISTER, WATNALL ROAD BAPTIST
25[ CONNECT ACADEMY STUDENTS]
182[ TRAINING PARTICIPANTS]
8[ NEW PROJECT INCUBATEES]
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
BRIDGE COMMUNITY CHURCH IN BURY ST EDMUNDS
Cinnamon has helped Bridge Community Church in Bury St Edmunds to become a hub for community transformation.
CONTEXT
Communities across our nation are facing a myriad of challenges from mental health and debt to addiction and loneliness. Legislation and government intervention can help, but it’s when communities pull together that long-term transformation takes place.
Local churches have an important role to play here, with access to premises, volunteers and a heart to serve their communities. But when it comes to practically taking part in social action, they often lack the knowledge, finances and connections to respond effectively.
This is where Cinnamon comes in. We partner with local churches, project leaders and activists to provide the support and resources they need to make a positive impact in their community now and in the future.
At the same time, we also work with small social action projects who have expertise in specific areas. We help these initiatives to grow and share their knowledge and experience for the benefit of communities across the country.
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Like many churches, everything changed for Bridge Community Church in Bury St Edmunds during COVID. The church was quick to adapt and take their services online. They also started collecting prescriptions, doing shopping for those who were isolating, and running a food bank supporting around 80 people every week.
While their response was rapid, the church was really learning as they went, which is why they connected with Cinnamon. We’ve been providing advice, resources and contacts to help the church develop sustainable projects that make a tangible difference in their community.
“Cinnamon Connect has provided us with a library of knowledge that we can use anytime,” explains David Oakley, Lead Pastor at the church. “It has given our team the opportunity to develop and get support that cannot be offered through internal church.”
The church is now running 11 community projects from addiction support groups and coaching in schools to a community grocery, English language classes for Ukrainian refugees, various family support initiatives in partnership with the local council, and a HopeforAll housing initiative. They’re currently supporting over 300 people every week.
“Cinnamon helped us shape some of this thinking to shift away from a scatter gun approach to community engagement by becoming a community hub with a family support emphasis to build on the strong links we already work have with our community,” concludes David.
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Bridge Community Church
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
SUPPORTING CHURCH LEADERS, ACTIVISTS AND VOLUNTEERS
Here’s how we help churches to respond to the challenges in their community.
LINKING CHURCHES WITH CINNAMON RECOMMENDED PROJECTS
Churches don’t always have the expertise to address challenging issues such as addiction and mental health. Through our Cinnamon Recommended Projects, we link them with experts who have developed proven initiatives they can replicate. This enables churches to respond with professionalism when addressing complex challenges.
We’ve just added two more Cinnamon Recommended Projects, The Besom Network and Street Connect to bring the total to 41.
cinnamonnetwork.co.uk/cinnamon-recommended-projects
SHARING KNOWLEDGE AND RESOURCES
Churches tell us that they want to make a positive impact in their communities, but often don’t know where to start. Through Cinnamon Connect, we provide them with a range of support, from webinars and training to downloadable resources and advice, to help them set up and sustain brilliant social action work.
In October 2022, we launched the Cinnamon Connect Academy, a nine-month course to give individuals the foundational skills they need to set up, lead and sustain brilliant social action work in their communities.
We’re currently supporting 758 Cinnamon Connect members and many others who access the free resources. 25 Connect Academy members took part in the nine-month course.
cinnamonconnect.co.uk
Truth Be Told
PROVIDING FUNDING
Our 2022 church engagement research found that funding is one of the biggest barriers that prevents churches from getting involved in social action. One of the many ways we have been able to respond is through the distribution of micro-grants.
Thanks to our funding partners, we’re able to offer micro-grants of £2,000 to help churches start proven Cinnamon Recommended Projects. Through this, we’re able to reach diverse communities who are under resourced and provide wrap-around support to maximise their impact.
In the last 12 months, we’ve provided 27 micro-grants to help churches and church groups start Cinnamon Recommended Projects. 180 people registered for our funding webinar and 23 joined our fundraising training course.
cinnamonnetwork.co.uk/social action/micro-grants
Street Storage
WAVE
CONDUCTING SOCIAL ACTION AUDITS
Coordinating community activities can be difficult when there are multiple organisations involved. Through our Cinnamon Social Action Audits, we help faith-based organisations to take a lead in surveying and measuring the impact of the work they do. This insight opens opportunities for partnerships, which helps churches work more effectively together and with others including local councils, statutory authorities and other voluntary groups.
In the last year, we’ve successfully completed two pilots of our new Social Action Audit platform in Cambridge and Gainsborough. The Social Action Audit run in Cambridge was funded by the Department for Levelling Up, Housing and Communities through the Faith New Deal Pilot Fund.
cinnamonnetwork.co.uk/church-support/socialactionaudits
FoodSavers
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
GAINSBOROUGH SOCIAL ACTION AUDIT
A Cinnamon Social Action Audit was instrumental in building unity between churches in Gainsborough and opening opportunities for partnerships beyond the faith community.
As leaders of Alive Church in Gainsborough, John and Judi Swannack were aware that faith-based organisations were spearheading much of the town’s social action. However, there was little cohesion between the groups, and it was virtually impossible to access funding.
“We realised that, when we met with other churches, there was a lot of cross over in community involvement,” says John. “Some of those groups were duplicating their community work and sometimes to the detriment of each other.”
Unsure how to progress – the couple reached out to Cinnamon to see if running a Social Action Audit could help them get a grip on the extent of social action being carried out by faith groups. “We used it as a vehicle for collaboration between churches and as a way to pull the faith groups together in the town and build relationships,” says John.
UNITING THE COMMUNITY
Church and project leaders were asked to gather information on the number and type of social action projects they are involved with. Alongside this, data on the number of people they support and the number of volunteers who give their time is also collected. The data clearly showed where there were gaps in provision, duplication and where there was little or no partnership working.
At the launch of the results, faith leaders were joined by representatives from local businesses, local authorities, the NHS and other agencies working in the town, many of whom had little or no connection with faith groups before.
“We felt very powerfully that there was something that shifted, and the Audit and the process were the catalyst,” confirms John. “We’ve had conversations with people we never would have. It’s connected us with people outside of our own spheres and helped us pull together people, meetings, and opportunities, which has been wonderful.”
CHANGE IS ALREADY TAKING PLACE!
Where there was duplication, in terms of food banks, there is now unity and a pooling of resources. Where there was a lack of provision, in terms of youth work, partnerships are forming.
“The launch of the Audit has raised the profile and we’re working with councillors as to how we can utilise the volunteers within the town to help and support the work the council are doing.”
To boost the activity, the town has also received a £10 million grant from the government’s levelling-up fund. Information gathered through the Audit will be key in determining how it’s distributed.
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
SUPPORTING SOCIAL ACTION PROJECTS
We love connecting with social action projects that are helping churches tackle the challenges at the heart of their communities. We work with both established organisations and help fledging projects to grow and replicate.
SUPPORTING CINNAMON RECOMMENDED PROJECTS
We have a strong network of 41 Cinnamon Recommended Projects and have recently added The Besom Network and Street Connect to our family. Through our annual retreat, leaders from these organisations have an opportunity to come together to learn, exchange ideas and reflect.
The Besom Network enables churches to work together to share their gifts of time, skills and resources with those who could benefit from them in their community.
Street Connect equips local churches to support adults in their recovery from addiction and associated issues.
Churches looking to respond quickly and professionally to a particular issue can draw from the experience of our Cinnamon Recommended Projects. Representatives from these organisations regularly contribute to our webinars and blog posts to share their expertise with a wider audience.
THE CINNAMON INCUBATOR PROGRAMME
The Cinnamon Incubator Programme is a two-year teaching and coaching programme for church-led social action projects. It helps small organisations develop strong governance, robust leadership and the knowledge and expertise they need to replicate their work.
Projects addressing emerging needs in our communities pitched their initiatives at the final of the Cinnamon Incubator Competition in London.
Restored, a domestic abuse charity, was the overall winner receiving a development grant of £25,000 and a place on the Incubator. In addition, seven other organisations were awarded a place on the Incubator Programme.
Initiatives currently on the Cinnamon Incubator Programme
The Haven is a wellbeing project which aims to strengthen young people’s mental resilience.
Restored equips the church to stand against domestic abuse and support survivors of domestic abuse.
The Waiting Room is a virtual support community for women (open to men) who are trying to conceive and have experienced baby loss.
Wellspring is a counselling and training charity seeking to restore hope, develop resilience and facilitate positive change in the lives of adults and young people.
Widows Breakfast helps those who have lost a spouse to form a community where they share stories and support one another on their journey.
Tripart Care delivers bite-sized mental health education relevant to Black and Church communities.
Spurgeon’s Family Hubs supports local families in need of a little extra help.
Symphony Schools educates, equips and empowers young, gifted Black boys by providing free core subject extra tuition classes in line with the National GCSE curriculum.
2022 Finalists
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
INCUBATOR PROGRAMME IMPACT OF THE
Previous winners of the Cinnamon Incubator Competition have been able to put the skills learnt on the Incubator Programme to good use, seeing benefits within the first 12 months.
STREET STORAGE
Street Storage provides free, safe, and accessible storage to people experiencing homelessness along with one-to-one advocacy, street outreach and emergency response. Since winning the 2021 Cinnamon Incubator Final, the organisation has undergone incredible growth.
“We have tripled our income and our staff team in six months and are working in partnership with national organisations like Crisis and St Mungo’s. We have gone from a start-up organisation to a scale-up organisation and are now prioritising professionalising the service across all aspects of the charity before beginning our planned UK replication,” says founder, Rachel Woolfe .
Since winning the Incubator final Street Storage have
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Tripled their income and the number of staff members
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Developed new partnerships with Crisis and St Mungo’s
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Started operating three new services
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Rachel Woolfe
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CASE STUDY CASE STUDY
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PURPLE SHOOTS
Purple Shoots provides business advice and small, ethical loans to help individuals to start businesses. They also set up and facilitate self-reliant groups, where individuals share skills, set up savings and take positive steps forward on their journeys. Through advice given on the Incubator programme, the organisation has made some significant changes to the way they operate.
“So far it has changed some of our thinking and the way we have planned and presented ourselves to potential partner churches. It has helped us to take more of an outsider’s view, which I hope has meant that our offering is clearer and easier for churches to engage with,” says founder, Karen Davies .
Since winning the Incubator final Purple Shoots have
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Opened a new centre for Yorkshire in Sheffield
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Been inundated with requests for partnerships
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Developed a partnership with Church Action on Poverty in Manchester
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The team at Purple Shoots
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
FINANCE REVIEW
Income
Regular giving £31,241 One-off donations £50,625 Trusts & foundations £334,904 Legacies £26,992 Other £23,458
Expenditure
Raising funds £76,796 Church & societal engagement £270,793 Project innovation & support £141,611
Cinnamon have recently finished a period of strategic realignment and reorganisation as we seek to work more efficiently for the benefit of those we serve. We’ve worked closely with donors to develop our model to incorporate new and innovative approaches, whilst reducing our expenditure.
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5%
7%
5%
11%
£467220
,
72%
Income by source
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15%
26%
EXPENDITURE
£489,200
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59%
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Expenditure by initiative
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RESERVES POLICY
The trustees will aim to hold unrestricted free reserves of around 3 to 6 months total expenditure to allow for an orderly close down in the event of a drop in funding. Based on budgeted expenditure of £500k, this would equate to a lower limit of £125k and an upper limit of £250k. The charity's free reserves, excluding fixed assets, at the year-end were £132,000.
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
RISK MANAGEMENT
The risk management process takes account of a number of factors including internal issues such as team expertise, cash and donation levels and the current commitments. External factors, including competition within the sector, changing trends and changes in legislation are also considered.
Major risks identified by the Cinnamon Leadership Team at the end of the reporting period were as follows:
Risk Progress made in 2022/23
Cinnamon needs Management accounts now to build a reserve provide a breakdown of in line with restricted and unrestricted the approved reserves on a quarterly reserves policy. basis. The reserves policy was revised to make it more realistic and set an upper and lower limit. These boundaries change with team size and length of service.
Churches no We have mitigated against longer needing this by conducting research our core services. and launching new initiatives such as Connect and Academy, which ensures are ongoing relevance and evolution of resources.
Increased This remains true. We continue competition for to work closely with funders access to funds. to develop productive working partnerships. We have also mitigated this by the planned reduction of the core team. By focussing on setting realistic targets and becoming more agile in our working practice, we are delivering more activities despite this reduction.
Further mitigating activities in 2023/24
The year end results demonstrate that we are now building unrestricted reserves. Our focus remains on long term fundraising and tight cost control.
We will continue to look to build relationships with a wider network of partners who would benefit from Cinnamon’s support and services.
We regularly review our team and expenditure to make sure we remain effective. We have started work on a long-term strategy to move to a more mixed income model.
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Cinnamon Network operates as a charity The trustees are responsible for the governance registered with both the Charity Commission in of the charity, ensuring it meets its statutory England and Wales and the OSCR in Scotland responsibilities as well as determining overall and is governed in line with its Constitution. It strategy, policies and direction with the expert was registered as a charity in England in June 2014 guidance of the Cinnamon Leadership Team. and Scotland in September 2017.
The trustees delegate day to day management of the charity to the Chief Executive and Directors.
Leadership Team
Public Benefit
During 2022/23 the Cinnamon Leadership Team comprised of Chief Executive Amanda Bindon, Paul Garratt Director for Church Engagement and Business Development and Associate Director Mark Kitson.
The trustees confirm that they have referred to the information contained in the Charity Commission’s guidance on public benefit including PB2 (Public Benefit: running a charity) and that they have complied with section 17 of the Charities Act 2011 to have due regard to this area.
Cinnamon Financial Oversight
The vision of the charity is to build a better society by bringing together the people most in need in communities with the people and resources from local churches. We do that by making it as easy as possible for local churches to set up social action projects. Our approach is faith-based but not faith biased. We are motivated by Jesus to serve people of all faiths and none.
Throughout the year, one of the trustees, Darren Mitchell continued to have financial oversight and review Cinnamon’s Management Accounts prior to their recommendation to the Board of Trustees. These recommendations included any further action that was required. We continue to see the benefits of our fully integrated financial systems.
Board of Trustees
Remuneration Policy
The Board of Trustees now consists of a Chair and three other Trustees. The Constitution states that there must be a minimum of three trustees, but puts no cap on the maximum number of trustees or the maximum length of service.
The remuneration of the Cinnamon Team is currently set by the trustees with reference to similar roles within the sector. The charity aims to attract the best talent it can and so tends to pay within the top quartile of similar roles. Since April 2017, when the team moved from contractors to salaried team members, there have been no pay rises. This is being reviewed in 2023/24 to recognise that future sustainability cannot be at the cost of not recognising the worth of the team – especially given the current cost of living crisis. To recognise this there was a one-off cost of living payment made in Q3.
Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have the skills, knowledge and experience needed for the effective administration of the Charitable Incorporated Organisation (CIO) and are encouraged to seek ongoing training on governance and charity matters following appointment. Prospective trustees attend a meeting as a guest.
The trustees will make available to each new trustee, on or before their first appointment:
Statement of Board of Trustees’ Responsibility
The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Under charity 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 the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to:
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n select suitable accounting policies and then apply them consistently;
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n make judgements and estimates that are reasonable and prudent;
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n state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and;
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n prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
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 Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review and legal and administrative details meet the requirements of the trustees’ Annual Report under charity law.
They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
This report was approved and authorised for issue by the board of trustees on 17 November 2023.
signed on its behalf by:
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Martin Warner Chair of the Board of Trustees
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a copy of the constitution and any amendments made to it; and
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a copy of the CIO’s latest trustees’ annual report and financial statements.
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CINNAMON NETWORK (‘THE CHARITY’)
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities Act 2011 (‘the 2011 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the Charity’s accounts as carried out under section 44 (1)(c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
set out in the Charities. (Accounts and Reports) Regulations 2008 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.
Bianca Permal FCA
Haines Watts (Berkhamsted) Limited 4 Claridge Court Lower Kings Road Berkhamsted HP4 2AF
14 December 2023
Independent examiner’s statement
Since the Charity has prepared its accounts on an accruals basis and is also registered in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 44 (1) (a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and do not comply with the applicable requirements concerning the form and content of accounts
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
FINANCIAL STATEMENTS
The Cinnamon Network – Statement of Financial Activities For the year ended 31 March 2023
| Unrestricted Restricted funds funds Year ended Year ended 31 Mar 2022 31 Mar 2023 Notes £ £ Income from Donations 2 164,830 281,833 Charitable activities 3 15,596 - Investments 4,961 - Total income 185,387 281,833 Expenditure on: Raising funds 4 & 5 20,986 55,810 Charitable activities Church & societal engagement 4 & 6 53,932 216,861 Project support & incubation 4 & 6 35,031 106,580 Total charitable activities 88,963 323,441 Total expenditure 109,949 379,251 Net income/(expenditure) 75,438 (97,418) Reconciliation of funds: Total funds brought forward 11 & 12 56,635 148,096 Total funds carried forward 11 & 12 132,073 50,678 |
Total Total funds funds Year ended Year ended 31 Mar 202331 Mar 2022 £ £ 446,663 562,487 15,596 19,590 4,961 356 467,220 582,433 76,796 97,456 270,793 390,759 141,611 170,242 412,404 561,001 489,200 658,457 (21,980) (76,024) 204,731 280,755 182,751 204,731 |
Total Total funds funds Year ended Year ended 31 Mar 202331 Mar 2022 £ £ 446,663 562,487 15,596 19,590 4,961 356 467,220 582,433 76,796 97,456 270,793 390,759 141,611 170,242 412,404 561,001 489,200 658,457 (21,980) (76,024) 204,731 280,755 182,751 204,731 |
|---|---|---|
| 582,433 | ||
| 97,456 390,759 170,242 |
||
| 561,001 | ||
| 658,457 | ||
| (76,024) 280,755 |
||
| 204,731 |
The notes on pages 28 to 41 form part of the financial statements.
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network – Balance Sheet As at 31 March 2023
| Notes Current assets Debtors 8 Cash at bank and in hand Liabilities Creditors: amounts falling due 9 in less than one year Net current assets/(liabilities) Creditors: amounts falling due 10 in greater than one year Net assets/(liabilities) The funds of the charity: Restricted funds 11 & 12 Unrestricted funds 11 & 12 Total charity funds |
Total Funds As at 31 Mar 2023 £ £ 18,522 266,224 284,746 (92,620) 192,126 (9,375) 182,751 50,678 132,073 182,751 |
Total Funds As at 31 Mar 2022 £ £ 36,935 311,493 348,428 (124,947) 223,481 (18,750) 204,731 148,096 56,635 204,731 |
Total Funds As at 31 Mar 2022 £ £ 36,935 311,493 348,428 (124,947) 223,481 (18,750) 204,731 148,096 56,635 204,731 |
|---|---|---|---|
| 204,731 | |||
| 148,096 56,635 |
|||
| 204,731 |
The notes on pages 28 to 41 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 17 November 2023 and signed on their behalf by:
Martin Warner
Chair of the Board of Trustees
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Cinnamon Network, charity number 1156985, OSCR number SC047733
Annual Report 1 April 2022 – 31 March 2023
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Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Network – Notes to the Financial Statements
For the year ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparation of the financial statements
The financial statements have been prepared in accordance with ‘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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The effect of any event relating to the year ended 31 March 2023, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2023 and the results for the year ended on that date.
The functional currency of the charity is sterling. The amounts in the financial statements are rounded to the nearest pound.
Using the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Legal status
The Cinnamon Network is a Charitable Incorporated Organisation registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the trustees/members of the Charity hold no liability. The registered address is c/o Andy Nash Accounting & Consultancy, Units 24 & 25, Goodsheds Container Village, Hood Road, Barry, CF62 5QU.
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.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in note 11 of the financial statements.
Income
Income is recognised when the charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.
Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.
Income from charitable activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.
Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 4 of the financial statements.
Irrecoverable VAT is charged against the category of expenditure for which it was incurred.
Grants payable
Grants payable are recognised as expenditure when there is a legal or constructive obligation to make the grant. With micro-grants this is usually immediately prior to a payment being made, however with incubation grants this is at the start of the programme when the successful recipients are informed and terms of reference are signed.
Pensions
The charity operates a defined contribution pension scheme. Pension contributions are charged to the Statement of Financial Activities when due and payable. These contributions are invested separately from the charity's assets through The Peoples Pension.
Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised unless purchased with restricted funds.
There are no assets over this level and purchased by unrestricted funds held by the Charity currently.
Cash at bank and in hand
Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.
Critical estimates and judgements
In preparing financial statements it is necessary to make certain judgements, estimates and
assumptions that affect the amounts recognised in the financial statements.
In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
Financial instruments
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
Going concern
The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing financial impact of the current economic environment and other external events has had no material impact on this assessment.
28 29
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2023
2. INCOME FROM DONATIONS
| Unrestricted funds Year ended 31 Mar 2023 £ Trusts & foundations 77,150 One-off donations 26,546 Regular giving 31,241 Other donations 2,901 Legacies 26,992 164,830 Unrestricted funds Year ended 31 Mar 2022 £ Trusts & foundations 75,800 One-off donations 62,240 Regular giving 34,427 Coronavirus Job Retention Scheme & CSSP 18,021 190,488 |
Restricted Total funds funds Year ended Year ended 31 Mar 202331 Mar 2023 £ £ 257,754 334,904 24,079 50,625 - 31,241 - 2,901 - 26,992 281,833 446,663 Restricted Total funds funds Year ended Year ended 31 Mar 2022_31 Mar 2022_ £ £ 366,886 442,686 5,113 67,353 - 34,427 - 18,021 371,999 562,487 |
|
| 562,487 |
3. INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| Year ended | Year ended | Year ended | |
| 31 Mar 2023 | 31 Mar 2023 | 31 Mar 2023 | |
| £ | £ | £ | |
| Income from provision of training | 15,596 | - | 15,596 |
| and other resources | 15,596 | - | 15,596 |
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| Year ended | Year ended | Year ended | |
| 31 Mar 2022 | 31 Mar 2022 | 31 Mar 2022 | |
| £ | £ | £ | |
| Income from provision of training | 19,590 | - | 19,590 |
| and other resources | 19,590 | - | 19,590 |
30 31
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
4. TOTAL EXPENDITURE
| Grants to Direct institutions staff costs Year ended Year ended 31 Mar 2023 31 Mar 2023 £ £ Raising funds - 51,455 Charitable activities Church & societal engagement 52,450 84,591 Programme innovation & support 32,115 9,692 84,565 145,738 Grants to Direct institutions staff costs Year ended Year ended 31 Mar 2022 31 Mar 2022 £ £ Raising funds - 59,609 Charitable activities Church & societal engagement 72,000 137,865 Programme innovation & support 56,191 - 128,191 197,474 |
Direct other costs Year ended 31 Mar 2023 £ 5,195 62,714 62,655 130,564 Direct costs Year ended 31 Mar 2022 £ 7,988 61,172 61,892 131,052 |
Indirect Total costs funds Year ended Year ended 31 Mar 202331 Mar 2023 £ £ 20,146 76,796 71,038 270,793 37,149 141,611 128,333 489,200 Indirect Total costs funds Year ended Year ended 31 Mar 2022 31 Mar 2022 £ £ 29,859 97,456 119,722 390,759 52,159 170,242 201,740 658,457 |
|---|---|---|
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area.
An analysis of charitable activities split between restricted and unrestricted funds can be found in note 6.
More details on the breakdown of grants to institutions is available on request from the Charity and reflected in note 10.
An analysis of costs of raising funds split between restricted and unrestricted funds can be found in note 5.
4. TOTAL EXPENDITURE (continued from previous page)
Indirect costs can be split as follows:
Organisational leadership Finance and administration Communications IT support Governance Governance costs consists of: Statutory audit Independent examination Legal costs Other costs Within indirect costs in the current period there are £81,718 of staff costs (2022: £127,536). |
Total funds Total funds Year ended Year ended 31 Mar 2023 31 Mar 2022 £ £ 57,918 111,057 40,606 52,201 20,167 22,672 6,961 8,344 2,681 7,466 128,333 201,740 Total funds Total funds Year ended Year ended 31 Mar 2023 31 Mar 2022 £ £ - 4,800 2,040 - - 1,867 641 799 2,681 7,466 |
Total funds Total funds Year ended Year ended 31 Mar 2023 31 Mar 2022 £ £ 57,918 111,057 40,606 52,201 20,167 22,672 6,961 8,344 2,681 7,466 128,333 201,740 Total funds Total funds Year ended Year ended 31 Mar 2023 31 Mar 2022 £ £ - 4,800 2,040 - - 1,867 641 799 2,681 7,466 |
|---|---|---|
| 7,466 |
32 33
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2023
5. COSTS OF RAISING FUNDS
| Unrestricted | Unrestricted | Restricted | Total |
|
|---|---|---|---|---|
| funds | funds | funds |
||
| Year ended | Year ended | Year ended |
||
| 31 Mar 2023 | 31 Mar 2023 | 31 Mar 2023 | ||
| £ | £ | £ |
||
| Direct staff costs | 12,356 | 39,099 | 51,455 | |
| Direct other costs | 5,195 | - | 5,195 | |
| Indirect costs | 3,435 | 16,711 | 20,146 | |
| 20,986 | 55,810 | 76,796 | ||
| Unrestricted | Restricted | Total |
||
| funds | funds | funds |
||
| Year ended | Year ended | Year ended |
||
| 31 Mar 2022 | 31 Mar 2022 | 31 Mar 2022 | ||
| £ | £ | £ |
||
| Direct staff costs | 59,609 | - | 59,609 | |
| Direct other costs | 7,988 | - | 7,988 | |
| Indirect costs | 2,077 | 27,782 | 29,859 |
|
| 69,674 | 27,782 | 97,456 |
The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2023
6. CHARITABLE ACTIVITIES
| 6. CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| Year ended | Year ended | Year ended | ||
| 31 Mar 2023 | 31 Mar 2023 | 31 Mar 2023 | ||
| £ | £ | £ | ||
| Church & societal engagement | ||||
| Grants to institutions | (1,550) | 54,000 | 52,450 | |
| Direct staff costs | 21,137 | 63,454 | 84,591 | |
| Direct other costs | 22,233 | 40,481 | 62,714 | |
| Indirect costs | 12,112 | 58,926 | 71,038 | |
| Church & societal engagement | 53,932 | 216,861 | 270,793 | |
| Programme innovation & support | ||||
| Grants to institutions | 25,000 | 7,115 | 32,115 | |
| Direct staff costs | 2,921 | 6,771 | 9,692 |
|
| Direct other costs | 776 | 61,879 | 62,655 |
|
| Indirect costs | 6,334 | 30,815 | 37,149 | |
| Programme innovation & support | 35,031 | 106,580 | 141,611 |
|
| Total charitable activities | 88,963 | 323,441 | 412,404 | |
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| Year ended | Year ended | Year ended | ||
| 31 Mar 2022 | 31 Mar 2022 | 31 Mar 2022 | ||
| £ | £ | £ | ||
| Church & societal engagement | ||||
| Grants to institutions | - | 72,000 | 72,000 | |
| Direct staff costs | 34,870 | 102,995 | 137,865 |
|
| Direct other costs | 13,659 | 47,513 | 61,172 | |
| Indirect costs | 8,327 | 111,395 | 119,722 | |
| Church & societal engagement | 56,856 | 333,903 | 390,759 |
|
| Programme innovation & support | ||||
| Grants to institutions | - | 56,191 | 56,191 | |
| Direct other costs | 5,171 | 56,721 | 61,892 | |
| Indirect costs | 3,628 | 48,531 | 52,159 | |
| Programme innovation & support | 8,799 | 161,443 | 170,242 |
|
| Total charitable activities | 65,655 | 495,346 | 561,001 |
34 35
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
| 7. STAFF COSTS | Total | Total |
|---|---|---|
| Year ended | Year ended |
|
| 31 Mar 2023 | 31 Mar 2022 | |
| £ | £ |
|
| Gross salaries | 208,487 | 310,535 |
| Employer’s NIC | 13,145 | 23,230 |
| Employer’s pension | 5,824 | 8,478 |
| 227,456 | 342,243 |
The average headcount during the period was 10 persons (2022: 12 persons).
The total remuneration paid to key management personnel during the year was £57,457 (2022: £107,660).
No employees received employee benefits in excess of £60,000 (2022: Nil).
| 8. DEBTORS | Total | Total |
|---|---|---|
| Year ended | Year ended |
|
| 31 Mar 2023 | 31 Mar 2022 | |
| £ | £ |
|
| Accounts receivable | 964 | 2,235 |
| Accrued gift aid | 16,958 | 16,579 |
| Accrued income | - | 17,500 |
| Prepayments | 600 | 621 |
| 18,522 | 36,935 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Total funds | Total funds | |
|---|---|---|
| Year ended | Year ended | |
| 31 Mar 2023 | 31 Mar 2022 | |
| £ | £ | |
| Accounts and staff expenses payable | 21,315 | 8,136 |
| Accruals | 4,890 | 11,499 |
| Grants payable in less than one year (see note 10) | 31,250 | 39,000 |
| PAYE control account | 4,502 | 4,371 |
| Pension control account | 1,072 | 1,093 |
| Deferred revenue | 29,591 | 60,848 |
| 92,620 | 124,947 |
Deferred revenue consists of grant income for the incubation programme for the period April 2023 to December 2023 (2022: April 2022 to December 2022).
36 37
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
10. GRANTS PAYABLE
| Total funds Year ended 31 Mar 2023 £ Brought forward on 1 April 2022 Micro-grants awarded in year 54,000 Micro-grants returned in year (1,550) Project incubation grants from Project Lab donations 7,115 Project incubation grant – Restored Beacons 25,000 Project incubation grant – Street Storage - Project incubation grant – Purple Shoots - Paid in year Carried forward on 31 March 2023 Grants payable are due: |
Total funds Year ended 31 Mar 2023 £ 57,750 52,450 32,115 (101,690) 40,625 |
Total Total funds funds Year ended Year ended 31 Mar 2022 31 Mar 2022 £ £ 54,000 76,000 (4,000) 72,000 6,191 - 25,000 25,000 56,191 (124,441) 57,750 |
Total Total funds funds Year ended Year ended 31 Mar 2022 31 Mar 2022 £ £ 54,000 76,000 (4,000) 72,000 6,191 - 25,000 25,000 56,191 (124,441) 57,750 |
|---|---|---|---|
| 57,750 | |||
Total Total funds funds Year ended Year ended 31 Mar 2023 31 Mar 2022 £ £ Payable in less than one year 31,250 39,000 Payable in greater than one year 9,375 18,750 40,625 57,750
More details on the breakdown of micro-grants awarded in the year is available on request from the Charity.
11. ANALYSIS OF CHARITY FUNDS
Unrestricted funds Restricted funds Community Transformation National Lottery Community Fund United Kingdom England Cambridgeshire West Berkshire Faith New Deal Partnership development Project Support & Incubation Christian Funders Forum Restricted funds Total funds |
Balance brought forward Year ended 31 Mar 2023 £ 56,635 35,186 12,000 16,106 2,000 8,000 - 47,691 14,911 12,202 148,096 204,731 |
Income for the Year ended 31 Mar 2023 £ 185,387 - 50,000 52,500 5,850 - 51,693 - 121,790 - 281,833 467,220 |
Transfers Balance Expenditure between carried in the funds forward Year ended Year endedYear ended 31 Mar 2023 31 Mar 202331 Mar 2023 £ £ £ (109,949) - 132,073 (35,186) - - (44,000) - 18,000 (60,606) - 8,000 (1,374) - 6,476 (2,000) - 6,000 (51,693) - - (47,691) - - (136,701) - - - - 12,202 (379,251) - 50,678 (489,200) - 182,751 |
Transfers Balance Expenditure between carried in the funds forward Year ended Year endedYear ended 31 Mar 2023 31 Mar 202331 Mar 2023 £ £ £ (109,949) - 132,073 (35,186) - - (44,000) - 18,000 (60,606) - 8,000 (1,374) - 6,476 (2,000) - 6,000 (51,693) - - (47,691) - - (136,701) - - - - 12,202 (379,251) - 50,678 (489,200) - 182,751 |
|---|---|---|---|---|
| 132,073 | ||||
| - 18,000 8,000 6,476 6,000 - - - 12,202 |
||||
| 50,678 | ||||
| 182,751 |
Community transformation funds are for the work in the relevant geographical areas with both church and civic group engagement, including micro-grants to projects.
Partnership development funds are for developing the work with local police forces and other statutory services.
Project Support & Incubation funds are for use with this area of the Charity’s work.
Faith New Deal funds are funds to support a nationwide project that ran until March 2023.
Christian Funders’ Forum is for the work the Charity does to facilitate this group including the annual awards ceremony.
38 39
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2023
11. ANALYSIS OF CHARITY FUNDS (continued from previous page)
| Unrestricted funds Restricted funds Community Transformation National Lottery Community Fund United Kingdom England Cambridgeshire Northern Ireland West Berkshire West Midlands Cinnamon Faith Action Audits Partnership development Project Support & Incubation Christian Funders Forum Restricted funds Total funds |
Balance brought forward Year ended 31 Mar 2022 £ (18,470) 106,244 - 32,106 8,000 - 10,000 - 9,600 36,132 84,813 12,330 299,225 280,755 |
Income for the period Year ended 31 Mar 2022 £ 210,434 76,313 51,500 70,000 - 2,000 - 1,000 - 44,342 126,844 - 371,999 582,433 |
Expenditure Transfers Balance in the between carried period funds forward Year ended Year ended Year ended 31 Mar 2022 31 Mar 2022_31 Mar 2022_ £ £ £ (135,329) - 56,635 (147,371) - 35,186 (39,500) - 12,000 (86,000) - 16,106 (6,000) - 2,000 (2,000) - - (2,000) - 8,000 (1,000) - - (9,600) - - (32,783) - 47,691 (196,746) - 14,911 (128) - 12,202 (523,128) - 148,096 (658,457) - 204,731 |
Expenditure Transfers Balance in the between carried period funds forward Year ended Year ended Year ended 31 Mar 2022 31 Mar 2022_31 Mar 2022_ £ £ £ (135,329) - 56,635 (147,371) - 35,186 (39,500) - 12,000 (86,000) - 16,106 (6,000) - 2,000 (2,000) - - (2,000) - 8,000 (1,000) - - (9,600) - - (32,783) - 47,691 (196,746) - 14,911 (128) - 12,202 (523,128) - 148,096 (658,457) - 204,731 |
|---|---|---|---|---|
| 56,635 | ||||
| 35,186 12,000 16,106 2,000 - 8,000 - - 47,691 14,911 12,202 |
||||
| 148,096 | ||||
| 204,731 |
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | ||
| Year ended | Year ended | Year ended | ||
| 31 Mar 2023 | 31 Mar 2023 | 31 Mar 2023 | ||
| £ | £ | £ |
||
| Current assets | 184,068 | 100,678 | 284,746 | |
| Current liabilites | (42,620) | (50,000) | (92,620) | |
| Non-current liabilities | (9,375) | - | (9,375) | |
| 132,073 | 50,678 | 182,751 | ||
| Unrestricted | Restricted | Total |
||
| funds | funds | funds |
||
| Year ended | Year ended | Year ended | ||
| 31 Mar 2022 | 31 Mar 2022 | 31 Mar 2022 | ||
| £ | £ | £ |
||
| Current assets | 162,582 | 185,846 | 348,428 | |
| Current liabilites | (105,947) | (19,000) | (124,947) | |
| Non-current liabilites | - | (18,750) | (18,750) | |
| 56,635 | 148,096 | 204,731 |
13. TRUSTEE REMUNERATION
No trustee received remuneration nor reimbursement of expenses in the year (2022: £Nil).
14. RELATED PARTY TRANSACTIONS
During the current and prior period the following related party transactions were carried out:
Unrestricted donations
During the period, total donations from the trustees amounted to £8,000 (2022: £40,071).
Cinnamon Faith Action Audit funds are for developing online tools to enable local communities to carry out their own faith action audits. These tools went live in the first quarter of 2021-2022.
15. GUARANTEES AND SECURED CHARGES
As of at 31 March 2023 the Charity did not have any outstanding guarantees to third partners nor any debts secured against assets of the Charity (2022: £NIL).
40 41
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
The Cinnamon Network:
Charity Number 1156985 Scottish Charity Registration no. SC047733 Registered in England and Wales on 8 May 2014 Registered in Scotland on 14 September 2017
Bankers:
Santander Sunderland SR43 4ET
Trustees:
Martin Warner Darren Mitchell Sharon Prentis Rev Colin Marsh
Cinnamon Leadership Team during 2022/2023:
Amanda Bindon Mark Kitson Paul Garratt
Financial Accountant:
Andy Nash Accounting and Consulting Units 24 & 25, Goodsheds Container Village Hood Road Barry CF62 5QU
Independent Auditor:
42 43
Bianca Permal (FCA) Haines Watts (Berkhamsted) Limited 4 Claridge Court Lower Kings Road Berkhamsted HP4 2AF
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023
Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU team@cinnamonnetwork.co.uk www.cinnamonnetwork.co.uk
© Cinnamon Network ~~Registere~~ d Charity no. 1156985
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2022 – 31 March 2023