EQUIPPING CHURCHES TO ENGAGE COMMUNITIES 2 ANNUAL REPORT APRIL 2023 – MARCH 2024 **cinnamonnetwork.co.uk** Welcome 3 ## CONTENTS **----- Start of picture text -----**
||| |---|---| |Introduction|4| |Case Study: Oak Grove Community Church|5| |Incubating Projects|6| |Cinnamon Incubator Programme|8| |Case Study: Renew Wellbeing|10| |Incubating Project Leaders|11| |Connect Academy|12| |Case Study: Gateway Collective|13| |Financial Review|14| |Reserves Policy|15| |Risk Management|16| |Structure, Governance and Management|18| |Independent Examiner’s Report|20| |Financial Statements|24| **----- End of picture text -----**
## WELCOME ## **Dear Friends,** One of the strengths of Cinnamon, which has really come to the fore over the past few years, is our agility. As the needs of our communities, and those that serve them, have shifted, so Cinnamon has adapted in step. The Cinnamon Incubator Competition remains a flagship, recognised throughout the UK for its excellence in nurturing the next generation of church-led social action. I was delighted to be in a packed audience at St Peter’s Notting Hill in London for the 2023 Final and 10th Anniversary of the competition. It was humbling to see that over the past 10 years we’ve incubated 53 projects which have replicated in more than 1,000 locations benefiting an astonishing 160,000 people. Many of the initiatives we worked with, such as Renew Wellbeing and Make Lunch, have grown to become national organisations leading in their respective areas. We have also launched our Leadership Community in the last 12 months to better support the growing number of projects in our Network. This has been in direct response to requests from those we work with who value the safe space and ongoing support of Cinnamon. Alongside our work with projects, we’re also continuing to support individuals leading community social action projects in churches across the country through Connect Academy. We provide individual training events and the provision of Micro-Grants to equip communities the length and breadth of the country to make a positive impact. Perhaps the most touching moment from the Cinnamon Incubator Competition Final was a film from Oak Grove Community Church in Norwich, which showed the two aspects of our work in tandem. Over the years, Cinnamon has provided support, advice and even Micro-Grant funding to help Oak Grove establish brilliant projects – many of which have been part of our Incubator Programme. In the last year, following a period of redevelopment and two very successful pilot projects in Gainsborough and Cambridge, we launched our updated Social Action Audits. The needs of our communities have changed dramatically in the wake of COVID and the current cost of living crisis. Churches wanting to build meaningful partnerships in their communities value the insight provided by the Audits to guide their work. I am grateful to Amanda Bindon who, with support from Mark Kitson, Paul Garratt and the rest of the Cinnamon Team, continues to deliver such excellent work. I am also proud to be working alongside a supportive and engaged Board of Trustees. Sharon Prentice stepped down from her role in November 2023 – she was a great support to the team during her tenure. We welcomed Heather Keates and Jill Morrison to the Board this year. Heather has great knowledge of the sector as founder of Community Money Advice, while Jill brings expertise from a long career in the NHS. ## **Martin Warner** Chair of Trustees 2 3 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## CINNAMON NETWORK **We enable people to access help and support within their communities by nurturing and developing Christian social action projects that are locally led, relevant and sustainable.** ## CHRISTIAN DISTINCTIVENESS As an organisation we are inspired by our Christian faith to serve our communities. All our work is delivered through the lens of faith, be it incubating projects or project leaders. We help our partners to navigate how best to maintain Christian identity and integrity while working in a multi-faith setting and balancing the demands of other stakeholders. This is a key topic for Cinnamon and we already have an established teaching model on Christian distinctiveness within both the Incubator Programme and Connect Academy. Interestingly, an increasing number of organisations within our network are seeking guidance on evangelism within social action, and how to bridge the gap between the Christian roots of their work and their engagement with a secular society. We are therefore prioritising the development of this offer so that our partners can more fully consider how to share the Christian faith in their unique context. ## OAK GROVE COMMUNITY CHURCH **Over the past decade, Cinnamon has been helping Darren Woodward and his team at Oak Grove Community Church to make a positive impact in their local area.** “As a church, we feel called to address the issues we see in our community, which is why we are so grateful for the Cinnamon Network,” explains Darren. “Over the past 10 years, Cinnamon has helped us in so many ways, from giving great advice and resources on how to get started, to suggesting projects that address community needs and providing seed funding,” continues Darren. ## **Professional Support** The modest congregation of around 60-80 members hosts numerous Cinnamon Recommended Projects – a Community Money Advice Centre, a Kids Matter project, and Linking Lives. “We’ve seen people released from huge, painful debts. We’ve seen parents up-skilled and empowered to look after their kids. We’ve seen lonely people reconnected with us and others, becoming confident again,” Darren beams. _**‘Cinnamon has helped us in so many ways.’**_ Most recently, with help from a Cinnamon Micro-Grant, the church added Renew Wellbeing, one of the first initiatives to complete the Cinnamon Incubator Programme, to their roster of activities. Darren Woodward, Senior Leader ## **Lasting Impact** Jasmine, a young mum, now enjoys the Renew Wellbeing sessions with crafts, quiet games, and conversations punctuated by prayer. Shortly after the COVID pandemic, Jasmine felt particularly isolated. “I was afraid to take my boys out because I thought people would judge me,” she explains. The church reached out to her through their Linking Lives initiative, and she has since completed a Kids Matter course. The church is now a central part of her life. ## “I don’t get much time for myself, so it’s nice to come here and do crafts or play a game. It’s like a family,” she says, proudly. Hundreds of families in this community have been blessed by the church who are continuing to look for new ways to adapt, extend and build partnerships to extend their work. _Darren Woodward – Oak Grove Community Church_ 4 5 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## INCUBATING PROJECTS ## **We believe that great work needs to be nurtured and shared.** **The Church has a powerful legacy when it comes to social action within communities and some of our nations most trusted charities have strong Christian foundations. Here at Cinnamon, we want to continue that legacy by nurturing new social action projects and supporting the leaders of established projects.** ## CINNAMON LEADERSHIP COMMUNITY **Over the past 12 months, we’ve reassessed the way we work with the Cinnamon Recommended Projects in our network and launched the Cinnamon Leadership Community.** This is in direct response to requests from leaders of projects that have completed our Cinnamon Incubator Programme. Leaders told us that they greatly value the safe space Cinnamon provides to journey together as they exchange ideas and experience. The initiative was piloted in January, with 20 projects expressing an interest to join almost immediately. The community will made up of leaders from some of the best-known names in Christian social action, as well as those from smaller charities. This will include those who have successfully completed the Incubator Programme as well as others working in the sector. The community will provide a safe space where, united in their desire to see the love of Jesus expressed practically, leaders can learn, be encouraged and connect with one another. _**“I love the way Cinnamon manages to balance and support the professional growth with the personal, where you can grow as a leader in your role but also have time to just be who you are as individual.”**_ Leadership Community Member **----- Start of picture text -----**
INCUBATING PROJECTS CINNAMON LEADERSHIP COMMUNITY
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_**“Cinnamon is very important for my mental health as a leader. I need residentials like this to get me through my year and to remind us all we are not alone – and the challenges we face are not unique.”**_ Cinnamon Leadership Community member. 6 7 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## CELEBRATING 10 YEARS OF THE CINNAMON INCUBATOR PROGRAMME ## CINNAMON INCUBATOR PROGRAMME ## **Across the country, there are some incredible projects working tirelessly to bring support and relief to communities.** Through our Incubator Programme we want to develop and bottle their brilliance so others can replicate their work. Over the course of two years, successful projects benefit from: teaching from industry professionals; residential training events; Cinnamon’s retreat; one-to-one coaching; peer support; and networking opportunities with funders and potential partners. In 2023, five new initiatives joined the Cinnamon Incubator Programme. - **BIG GREEN HEART** support people individually and in groups to understand the power of forgiveness. - **ORCHARDS** provide safe housing and a nationwide counselling service for women who have been victims of sexual exploitation. - **REVIVE – WOMEN OF GRACE** create safe spaces for women who have gone through the trauma of female genital mutilation (FGM). - **SOMEONE CARES** provide emotional, practical and spiritual support to families when they have a loved one admitted to Alder Hey Children’s Hospital. **In November we celebrated 10 years of the Cinnamon Incubator Programme. More than 200 guests joined us at St Peter’s Church in Notting Hill alongside many of the projects we’ve supported over the years.** _**“The coaching has been priceless, just having that space where you can brainstorm and sound ideas out with others.”**_ Dr Ayodele Aiayi, Founder, Tripart Care ## **10[YEARS]** - **SPRINGBOARD** is an eight-week course to benefit those experiencing both the emotional and practical challenges of separation and divorce. **53[ INITIATIVES SUPPORTED]** ## **1038[ PROJECTS REPLICATED ] BY 32 INITIATIVES** **£30M[ WORTH OF ] VOLUNTEER TIME** **160,000[INDIVIDUALS SUPPORTED]** **Find out more at cinnamonnetwork.co.uk/project-support** 8 9 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## INCUBATING PROJECT LEADERS ## CINNAMON INCUBATOR **Ruth Rice was one of the first leaders to join our Cinnamon Incubator Programme in 2016. Seven years on, her idea to help churches support the mental health has flourished into a national network with 250 Renew Wellbeing spaces.** ## **Our churches are a powerful community resource, and we want to support and develop church leaders, project leaders, activists and volunteers who are working to transform their communities at a local level.** Back in 2016 in the basement of Emmanuel Centre Church in Westminster, Ruth spoke of her own mental health struggles and her vision for churches to set up spaces where it was OK not to be OK. ‘When we started out, I longed to see every church prioritise wellbeing, have spaces for those who felt isolated to come and belong; to become places of peace and prayerful habits,’ explains Ruth. Ruth was clear about her vision, but she didn’t know how to bring it to life. Which is where the Cinnamon Incubator Programme came in. _**‘The help and advice given was of as much value as the funding.’**_ ## **More than Just Funding** “I was able to use the funding to work part time to develop the charity and make sure the principles were multipliable and simple,’ she explains. ‘The help and advice given was of as much value as the funding.’ Ruth Rice, Renew Wellbeing Cinnamon worked with Ruth to provide guidance as she developed the structure, governance, funding and franchising model for Renew Wellbeing. ‘After the funding ran out, there was no going back and I set up the charity working as director full time,’ she says. Communities across the UK are now reaping the benefits of that leap of faith. Our nation’s mental health was at epidemic levels before the COVID-19 pandemic. Renew Wellbeing has been instrumental in helping churches and communities across the country to respond. _**“Connect Academy gives you access to very highquality training at an incredibly reasonable price.”**_ Sarah Finch Life & Soul. ## **Just the Beginning** Beyond the 250 Renew Wellbeing centres, the team have also developed online training, published two books and are in the process of establishing a youth and children’s programme. But there’s more to do. ‘I still long to see at least 10% of all UK churches setting up simple, safe sustainable spaces to prioritise wellbeing,’ says Ruth with conviction. **----- Start of picture text -----**
Renew Wellbeing
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10 11 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## GATEWAY COLLECTIVE ## CONNECT ACADEMY ## **28 church leaders, project leaders and volunteers joined Connect Academy, our nine-month programme to incubate project leaders.** Through regular online training events and learning hubs, they learnt how to set up, run and sustain effective local social action projects. ## **CINNAMON CONNECT** Cinnamon Connect continues to be a valuable resource hub for anyone involved in community social action. More than 1,000 members can tap into webinars, training, topical resources and practical tools to help them deliver brilliant community work. ## **CINNAMON 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. Over the past year, we’ve provided 23 grants worth £46,000 to communities in partnership with The Lauderdale Trust, Andrews Charitable Trust and The Mercers Company. ## **SOCIAL ACTION AUDITS** Through our audits, we help communities to demonstrate the impact of faith-based social action in their local area. Following the successful competition of two pilots, we have completed two additional audits in the Wirral and Cumbria in the past year. They beauty of the audit is its simplicity. A single coordinator can use the online platform to engage the faith groups in their community quickly and easily in their audit. The results are then presented clearly so groups can identify overlapping services, gaps in provision, and opportunities for partnerships. The consistency of the process also means comparisons can be made between areas — helping us to build up a complete and accurate picture of faith-based social action in the country. **Ali Horton is co-leader of the Gateway Collective – a social enterprise community garden in Bootle, near Liverpool – and graduated from the Academy In June 2023.** ## **What did you want to get out of Connect Academy?** I’ve lived in the voluntary sector world for 25 years now. I’ve had a lot of training, but I’ve had no specific training with a Christian slant, so for me it [Connect Academy] was the opportunity to bring two worlds together. For someone who is starting out, it’s incredibly useful. I did this with my colleague who is very new to this world [social action] so it was an opportunity for her to learn some of the different skills as well. We are in very different places, but it was useful to be on it together and talk about it afterward. ## **How have you applied the learning to your day-to-day work?** _**“It’s equipping you as a follower of Jesus to do social justice well. The people on this course get it!”**_ The partnership training made me think more about who my stakeholders are. I did a stakeholder mapping exercise and thought about who I really want to work with and how I can do that in a way that represents who we are. I’ve always shied away from calling people and saying, “Hi I’m Ali, can I have a coffee?” but actually the encouragement to have a personal approach was really good. Ali Horton, Connect Academy graduate In the funding one, Liam [the facilitator] had a spreadsheet he uses, and I thought “that’s so much better than the one I use!” so I scribbled all his headings down and now I’m using that. It’s a small example, but those little tweaks just make things so much easier. ## **What would you say to others thinking about joining Academy?** Prioritise the time and do it! It will force you to make space to look at your practice and yourself and make a plan. It’s also incredibly good value for money. If you look at the investment, I 4 hicearly cnads Vis 14% 9%
77
1% 19%
£316 716
,
57%
Income by source
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32%
20%
EXPENDITURE
£428,133
48%
Expenditure by initiative
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FINANCIAL INCOME & EXPENDITURE RESERVES POLICY
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## RESERVES POLICY The trustees aim to hold unrestricted free reserves sufficient to allow for an orderly close down in the event of a drop in funding. Based on current expenditure levels, and statutory redundancy figures, this would equate to a lower limit of £46k and an upper limit of £64k. The charity's free reserves, excluding fixed assets, at the year-end were £51,334. 14 15 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## 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|Further mitigating| |---|---|---| ||in 2023/24|activities in 2024/25| |Cinnamon needs|Management accounts now|Our focus remains on long| |to build reserve|provide a breakdown of|term fundraising and| |in line with|restricted and unrestricted|tight cost control. Despite a| |the approved|reserves on a quarterly|challenging year financially| |reserves policy.|basis. The reserves policy|we still maintained| ||was revised to make it more|our reserves.| ||realistic and set an upper and|| ||lower limit. These boundaries|| ||change with team size and|| ||length of service.|| |Incubation.
A.
Projects – finding
the right projects
to incubate
B.
Project leaders|A.
Well planned targeted campaign
built on experience to ensure
exposure to the right audience.
Experienced judging panel.
B.
Constant improvement
of programme based on|Running a webinar for failed
applicants of early stage projects
to upskill them so they can
become future applicants.
Previous attendees to recommend
the programme to others.| ||feedback, best practice|| ||and new learning.|| Increased competition for access to funds. This remains true. We continue to work closely with funders to develop productive working partnerships. We have a small, agile team with flexible working practices giving us resilience. We regularly review our team and expenditure to make sure we remain effective. We continue to work on our long-term strategy of a mixed income model and are seeing the first fruits of this. ## 16 17 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## STRUCTURE, GOVERNANCE AND MANAGEMENT **The Cinnamon Network operates as a charity registered with both the Charity Commission in England and Wales and the OSCR in Scotland and is governed in line with its Constitution. It was registered as a charity in England in June 2014 and Scotland in September 2017.** ## Leadership Team During 2023/24 the Cinnamon Senior Leadership Team comprised of Chief Executive Amanda Bindon, Paul Garratt Director for Church Engagement and Business Development and Associate Director Mark Kitson. ## Cinnamon Financial Oversight 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 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. 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: The trustees are responsible for the governance of the charity, ensuring it meets its statutory responsibilities as well as determining overall strategy, policies and direction with the expert guidance of the Cinnamon Leadership Team. The trustees delegate day to day management of the charity to the Chief Executive and Directors. ## Public Benefit 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. 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. ## Remuneration Policy 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. The team were awarded a 6% increase in pay in January 2023 consistent with our belief that future sustainability cannot be at the cost of not recognising the worth of the team – especially given the current cost of living crisis. However, given the difficult funding environment, though the desire would be to give another pay rise in the year, prudence dictated this was not appropriate. ## 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: - n select suitable accounting policies and then apply them consistently; - n make judgements and estimates that are reasonable and prudent; - n state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and; - 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 30 September 2024. signed on its behalf by: - Martin Warner Chair of the Board of Trustees 1. a copy of the constitution and any amendments made to it; and 2. a copy of the CIO’s latest trustees’ annual report and financial statements. 18 19 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CINNAMON NETWORK **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 ~~niin~~ 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. of accounts 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. 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. Bianca Permal FCA Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB 1 October 2024 ## 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: 1. 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 2. the accounts do not accord with those records; or 3. 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 20 21 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## FINANCIAL STATEMENTS ## The Cinnamon Network – Statement of Financial Activities For the year ended 31 March 2024 ~~Suna~~ |||Unrestricted
funds
Year ended|Restricted
funds
Year ended|**Total**
**funds**
**Year ended**|**Total**
_Total_
**funds**
_funds_
**Year ended**
_Year ended_| |---|---|---|---|---|---| |||31 Mar 2024|31 Mar 2024**31 Mar 2024**|**31 Mar 2024**|**31 Mar 2024**_31 Mar 2023_| ||_Notes_|£|£|**£**|_£_| |Income from|||||| |Donations & legacies|_2_|146,521|126,471**272,992**|**272,992**|_446,663_| |Charitable activities|_3_|35,624|-|**35,624**|_15,596_| |Investments||8,100|-|**8,100**|_4,961_| |**Total income**||190,245|126,471**316,716**|**316,716**|_467,220_| |Expenditure on:|||||| |Raising funds|_4 & 5_|87,266|-|**87,266**|_76,796_| |_Charitable activities_
Church & societal engagement|_4 & 6_|119,755|85,025**204,780**|**204,780**|_270,793_| |Project support & incubation|_4 & 6_|63,963|72,124|**136,087**|_141,611_| |||~~a~~|||| |_Total charitable activities_||_183,718_
_157,149_
**_340,867_ **
_412,404_
~~eee~~|||| |**Total expenditure**||270,984|157,149|**428,133**|_489,200_| |**_Net income/(expenditure)_**||_(80,739)_|_(30,678)_|**_(111,417)_**|_(21,980)_| |**Reconciliation of funds:**|||||| |Total funds brought forward
**_Total funds carried forward_**|_11 & 12_
_11 & 12_|132,073
_51,334_|50,678
_20,000_|**182,751**
**_71,334_**|_204,731_
_182,751_| The notes on pages 28 to 41 form part of the financial statements. 23 24 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Balance Sheet As at 31 March 2024 ||||**Total Funds**||_Total Funds_| |---|---|---|---|---|---| ||||**As at**||_As at_| ||||**31 Mar 2024**||_31 Mar 2023_| ||_Notes_|**£**|**£**|£|£
£| |**Current assets**|||||| |Debtors|_8_|**25,792**||_18,522_|| |Cash at bank and in hand||**115,251**||_266,224_|| |||**141,043**||_284,746_|| |**Liabilities**|||||| |Creditors: amounts falling|_9_ **(60,334)**|**(60,334)**||_(92,620)_|| |due in less than one year|||||| |**Net current assets/(liabilities)**|||**80,709**||_192,126_| |Creditors: amounts falling due|_10_||**(9,375)**||_(9,375)_| |in greater than one year|||||| |**Net assets/(liabilities)**|||**71,334**||_182,751_| |**The funds of the charity:**|||||| |Restricted funds|_11 & 12_||**20,000**||_50,678_| |Unrestricted funds|_11 & 12_|**51,334**|**51,334**||_132,073_| |**Total charity funds**|||**71,334**||_182,751_| 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 30 September 2024 and signed on their behalf by: Martin Warner **Chair of the Board of Trustees** **----- Start of picture text -----**
Cinnamon Network, charity number 1156985, OSCR number SC047733
Annual Report 1 April 2023 – 31 March 2024
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25 26 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 ## **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 financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Account and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved early adoption of the 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) for accounting periods beginning on or after 1 January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has been withdrawn. The financial statements are prepared in accordance with the Charities Act 2011. The effect of any event relating to the period ended 31 March 2024, 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 2024 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 Enaid Accountancy Ltd, 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 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**_ Since 1 April 2019 and roles being transitioned onto payroll, The Cinnamon Network has operated 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. 27 28 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2024 ## **2. INCOME FROM DONATIONS & LEGACIES** ||
|
| |---|---|---| |Unrestricted
funds
Year ended
31 Mar 2024
£
Trusts & foundations
71,250
One-off donations
41,660
Regular giving
28,611
Legacies
5,000
146,521
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|Restricted
**Total**
funds
**funds**
Year ended
**Year ended**
31 Mar 2024**31 Mar 2024**
£
**£**
108,841
**180,091**
17,630
**59,290**
-
**28,611**
-
**5,000**
126,471
**272,992**
Restricted
_Total_
funds
_funds_
Year ended
_Year ended_
31 Mar 2023_31 Mar 2023_
£
_£_
257,754
_334,904_
24,079
_50,625_
-
_31,241_
-
_2,901_
-
_26,992_
281,833
_446,663_|| |||_446,663_| ## **3. INCOME FROM CHARITABLE ACTIVITIES** ||Unrestricted|Restricted|**Total**| |---|---|---|---| ||funds|funds|**funds**| ||Year ended|Year ended|**Year ended**| ||31 Mar 2024|31 Mar 2024|**31 Mar 2024**| ||£|£|**£**| |Income from other charitable activities|35,624|-|**35,624**| ||35,624|-|**35,624**| ||Unrestricted|Restricted|_Total_| ||funds|funds|_funds_| ||Year ended|Year ended|_Year ended_| ||31 Mar 2023|31 Mar 2023|_31 Mar 2023_| ||£|£|_£_| |Income from other charitable activities|15,596|-|_15,596_| ||15,596|-|**_15,596_**| ## 29 30 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 ## The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 ## **4. TOTAL EXPENDITURE** |Grants to
Direct
Direct
institutions
staff costs
other costs
Year ended
Year ended
Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024
£
£
£
£
Raising funds
-
49,498
5,137
Charitable activities
Church & societal engagement
43,378
68,484
16,346
Programme innovation & support
25,000
-
60,201
68,378
117,982
81,684
_Grants to_
_Direct_
_Direct_
_institutions_
_staff costs_
_costs_
_Year ended_
_Year ended_
_Year ended_
_31 Mar 2023 31 Mar 2023_
_31 Mar 2023_
_£_
_£_
_£_
Raising funds
-
51,455
5,195
Charitable activities
Church & societal engagement
52,450
84,591
62,714
Programme innovation & support
32,115
9,692
62,655
84,565
145,738 130,564|Indirect
**Total**
costs
**funds**
Year ended
**Year ended**
31 Mar 2024**31 Mar 2024**
**£**
32,631
**87,266**
76,572
**204,780**
50,886
**136,087**
160,089
**428,133**
_Indirect_
_Total_
_costs_
_funds_
_Year ended_
_Year ended_
_31 Mar 2023 31 Mar 2023_
_£_
_£_
20,146
_76,796_
71,038
_270,793_
37,149
_141,611_
128,333
_489,200_| |---|---| 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: ||**Total funds**|_Total funds_| |---|---|---| ||**Year ended**|_Year ended_| ||**31 Mar 2024**|_31 Mar 2023_| ||**£**|_£_| |Organisational leadership|**58,431**|_57,918_| |Finance and administration|**70,739**|_40,606_| |Communications|**20,251**|_20,167_| |IT support|**7,641**|_6,961_| |Governance|**3,027**|_2,681_| ||**160,089**|_128,333_| |Within indirect costs in the current period there||| |are 109,062 of staff costs (2023: £81,718).||| |Governance costs consists of:||| ||**Total funds**|_Total funds_| ||**Year ended**|_Year ended_| ||**31 Mar 2024**|_31 Mar 2023_| ||**£**|_£_| |Independent examination|**2,142**|_2,040_| |Other costs|**885**|_641_| ||**3,027**|_2,681_| **----- Start of picture text -----**
31 32
**----- End of picture text -----**
Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2024 ## **5. COSTS OF RAISING FUNDS** ||**Unrestricted**|**Unrestricted**|**Restricted**|
**Total**| |---|---|---|---|---| |||**funds**|**funds**|
**funds**| ||**Year ended**||**Year ended**|
**Year ended**| ||**31 Mar 2024**||**31 Mar 2024**|**31 Mar 2024**| |||**£**|**£**|
**£**| |Direct staff costs||49,498|-|**49,498**| |Direct other costs||5,137|-|**5,137**| |Indirect costs||32,631|-|**32,631**| |||87,266|-|**87,266**| ||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_| 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 2024|31 Mar 2024|**31 Mar 2024**| ||£|£|**£**| |Church & societal engagement|||| |Grants to institutions|21,378|22,000|**43,378**| |Direct staff costs|59,380|9,104|**68,484**| |Direct other costs|4,144|12,202|**16,346**| |Indirect costs|34,853|41,719|**76,572**| |Church & societal engagement|119,755|85,025|**204,780**| |Programme innovation & support|||| |Grants to institutions|24,000|1,000|**25,000**| |Direct staff costs|-|-|
**-**| |Direct other costs|16,801|43,400|
**60,201**| |Indirect costs|23,162|27,724|**50,886**| |Programme innovation & support|63,963|72,124|
**136,087**| ||||| |Total charitable activities|183,718|157,149|**340,867**| ||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_**| 33 34 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2024 |**7. STAFF COSTS**|**Total**|
_Total_| |---|---|---| ||**Year ended**|
_Year ended_| ||**31 Mar 2024**|_31 Mar 2023_| ||**£**|
_£_| |Gross salaries|**209,858**|_208,487_| |Employer’s NIC|**11,957**|_13,145_| |Employer’s pension|**5,229**|_5,824_| ||**227,044**|_227,456_| The average headcount during the period was 9 persons (2023: 10 persons). The total remuneration paid to key management personnel during the year was £56,522 (2023: £57,457). No employees received employee benefits between £60,000 & £69,999 (2023: Nil). |**8. DEBTORS**|**Total**|
_Total_| |---|---|---| ||**Year ended**|
_Year ended_| ||**31 Mar 2024**|_31 Mar 2023_| ||**£**|
_£_| |Accounts receivable|**1,370**|_964_| |Accrued gift aid|**17,553**|_16,958_| |Accrued income|**5,000**|_-_| |Prepayments|**1,769**|_600_| |Other debtors|**100**|_-_| ||**25,792**|_18,522_| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||**Total funds**|_Total funds_| |---|---|---| ||**Year ended**|_Year ended_| ||**31 Mar 2024**|_31 Mar 2023_| ||**£**|_£_| |Accounts and staff expenses payable|**1,544**|_21,315_| |Accruals|**16,131**|_4,890_| |Grants payable in less than one year|**28,125**|_31,250_| |PAYE control account|**2,552**|_4,502_| |Pension control account|**732**|_1,072_| |Deferred revenue|**11,250**|_29,591_| ||**60,334**|_92,620_| Deferred revenue consists of grant income for the period April 2024 to June 2024 (2023: April 2023 to December 2023). ## 35 36 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Networks – Notes to the Financial Statements For the year ended 31 March 2024 ## **10. GRANTS PAYABLE** **Total Total** Total _Total_ **funds funds** funds _funds_ **Year ended Year ended** Year ended _Year ended_ **31 Mar 2024 31 Mar 2024** 31 Mar 2023 _31 Mar 2023_ **£ £** £ _£_ Brought forward on 1 April 2023 **40,625** _57,750_ Micro-grants awarded in year **46,000** _54,000_ Micro-grants returned in year **(2,622)** _(1,500)_ **43,378** _52,450_ Project incubation grants from Cinnamon Incubator Final donations **-** _7,115_ - Project incubation grant – Someone Cares **25,000** Project incubation grant – Restored Beacons **-** _25,000_ **25,000** _32,115_ Paid in year **(71,503)** _(101,690)_ Carried forward on 31 March 2024 **37,500** _40,625_ Grants payable are due: **Total** _Total_ **funds** _funds_ **Year ended** _Year ended_ **31 Mar 2024** _31 Mar 2023_ £ £ Payable in less than one year **28,125** _31,250_ Payable in greater than one year **9,375** _9,375_ **37,500** _40,625_ More details on the breakdown of micro-grants awarded in the year is available on request from the Charity. The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 ## **11. ANALYSIS OF CHARITY FUNDS** |Balance
brought
forward
Year ended
31 Mar 2024

£
**Unrestricted funds**
132,073
**Restricted funds**
Community Transformation
United Kingdom
18,000
England
8,000
Cambridgeshire
6,476
London
-
West Berkshire
6,000
West Berkshire
-
Project Support & Incubation
-
Christian Funders Forum
12,202
**Restricted funds**
50,678

**Total funds**
182,751|Income
for the
Year ended
31 Mar 2024

£
190,245
28,000
-
-
11,250
-
1,500
85,721
-
126,471
316,716|Transfers
**Balance**
Expenditure
between
**carried**
in the
funds
**forward**
Year ended
Year ended**Year ended**
31 Mar 2024
31 Mar 2024**31 Mar 2024**
£
£
**£**
(270,984)
-
**51,334**
(32,000)
-
**14,000**
(8,000)
-
**-**
(6,476)
-
**-**
(11,250)
-
**-**
-
-
**6,000**
(1,500)
-
**-**
(85,721)
-
**-**
(12,202)
-
**-**
(157,149)
-
**20,000**
(428,133)
-
**71,334**|Transfers
**Balance**
Expenditure
between
**carried**
in the
funds
**forward**
Year ended
Year ended**Year ended**
31 Mar 2024
31 Mar 2024**31 Mar 2024**
£
£
**£**
(270,984)
-
**51,334**
(32,000)
-
**14,000**
(8,000)
-
**-**
(6,476)
-
**-**
(11,250)
-
**-**
-
-
**6,000**
(1,500)
-
**-**
(85,721)
-
**-**
(12,202)
-
**-**
(157,149)
-
**20,000**
(428,133)
-
**71,334**| |---|---|---|---| ||||**51,334**| ||||**14,000**
**-**
**-**
**-**
**6,000**
**-**
**-**
**-**| ||||**20,000**| ||||| ||||**71,334**| _Community transformation_ funds are for the work in the relevant geographical areas with both church and civic group engagement, including micro-grants to projects. _Programme incubation & support_ funds are for use with this area of the Charity’s work. _Christian Funders’ Forum_ is for the work the Charity does to facilitate this group including the annual awards ceremony. 37 38 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 The Cinnamon Network – Notes to the Financial Statements For the year ended 31 March 2024 ## **11. ANALYSIS OF CHARITY FUNDS (continued from previous page)** |**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
period
Year ended
31 Mar 2023
_£_
185,387
-
50,000
52,500
5,850
-
51,693
-
121,790
_-_
281,833
467,220|Expenditure
Transfers
_Balance_
in the
between
_carried_
period
funds
_forward_
Year ended
Year ended
_Year ended_
31 Mar 2023
31 Mar 2023_31 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_|Expenditure
Transfers
_Balance_
in the
between
_carried_
period
funds
_forward_
Year ended
Year ended
_Year ended_
31 Mar 2023
31 Mar 2023_31 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_| ## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ||Unrestricted|Unrestricted|Restricted|**Total**| |---|---|---|---|---| |||funds|funds|**funds**| |||Year ended|Year ended|**Year ended**| ||31 Mar 2024||31 Mar 2024|**31 Mar 2024**| |||**£**|**£**|
**£**| |Current assets||74,167|66,875|**141,042**| |Current liabilites||(13,459)|(46,875)|**(60,334)**| |Non-current liabilities||(9,375)|-|**(9,375)**| |||51,333|20,000|
**71,333**| ||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 liabilites||(9,375)|-|_(9,375)_| |||132,073|50,678|_182,751_| ## **13. TRUSTEE REMUNERATION** No trustee received remuneration nor reimbursement of expenses in the year (2023: £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 £9,000 (2023: £8,000). _Faith New Deal_ funds are fund to support a nationwide project that ran until March 2023. _Partnership development_ funds are for developing the work with local police forces and other statutory services. ## **15. GUARANTEES AND SECURED CHARGES** As of at 31 March 2024 the Charity did not have any outstanding guarantees to third partners nor any debts secured against assets of the Charity (2023: £NIL). 39 40 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 ## **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 ## **Financial Accountant:** ## **Trustees:** Martin Warner Darren Mitchell Heather Keates (joined November 2023) Rev Colin Marsh Jill Morrison (joined March 2024) Sharon Prentice (resigned November 2023) ## **Cinnamon Leadership Team during 2023/2024:** Amanda Bindon Mark Kitson Paul Garratt Enaid Accountancy Ltd, Units 24 & 25, Goodsheds Container Village Hood Road Barry CF62 5QU ## **Independent Examiner:** 41 42 Bianca Permal (FCA), Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 43 44 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 Cinnamon Network, charity number 1156985, OSCR number SC047733 Annual Report 1 April 2023 – 31 March 2024 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 2023 – 31 March 2024