2024-06-30-accounts - Communities Welfare Network

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COMMUNITIES WELFARE NETWORK

Supporting needs and improving lives

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ANNUAL REPORT 2023-2024

CHARITY INFORMATION

Board of Directors

Chairperson Felix Wohi Treasurer Beugre Jacques Ndouba Secretary Miss Yllo Aya Kohi Vice-Secretary Mr Frabrice Kragbe Vice-Treasurer Miss Lydie Sykely Registered Address 49 Camberwell New Road London SE5 0RZ Email Address cowelfare.net@gmail.com Twitter @Network_Welfare Website https://cowelfare.net Company N0: 05199047 Charity N0: 1167437

CONTENT

Items	Pages
Directors Report	3
Aim and Objectives	4
Financial Review	5
Activities & Outcome	6-8
Financial statement	9-14
Independent Examiner	14

DIRECTORS’ REPORT

The Directors present their report and the financial statements for the year ended 31 of March 2024

The Communities Welfare Network (CowNet) was established in 2003 as a charitable Community Organisation and a company limited by guarantee.

The organisation is based in London supporting the needs of disadvantaged people from minority communities, particularly, Asylum seekers, Refugees migrants, displaced people from their country of origin because of war, victim of violence, political or religious beliefs, intimidation and threat to their lives.

Most of the organisation’s activities are focused on tackling poverty, social exclusion, capacity building of the communities and welfare support services.

AIMS AND OBJECTIVES

The aims and Objectives of the organisation are:

The advancement of education and the tackling of causes of poverty affecting Minority Communities throughout Lambeth, Southwark and Westminster.

And the aim is achieved by carrying out the following activities:

The provision of information and advice by means of workshops, drop - in and one to one sessions.
The Provision of training for employment and employment related advice
The provision of financial capability training and advice sessions
The Provision of literacy and numeracy classes and supplementary education for children.
The Provision of recreational Activities
The provision of health promotion activities
The provision of befriending, interpreting and domestic support services
Assistance to victims of the rising cost of living

FINANCIAL REVIEW

For this Financial year we had unrestricted income of £11,700 and restricted income of £49,695. Total income was £61,395. We had a surplus of £6807. Income brought Forward from previous year amounted to £37,434, giving a total of £44241 carried forward over the period 2024-2025. The charity had unrestricted reserves of £10900, and restricted reserves was £23775 to continue pending projects. At the end of 23/24, total Reserves was £34675.

Public benefit statement

In shaping our objectives for the year and planning our activities, the trustees have considered clause 17 of the Charity Act 2011 and the Charity Commission’s guidance on public benefit.

The above achievements demonstrate the public benefit arising from the Charity’s activities.

Risk Management

The trustees have assessed the major risks to which Communities Welfare is Exposed and are satisfied that the systems are in place to mitigate exposure to the major risks including risk assessment, maintaining a risk register, which is reviewed annually.

Activities For The Period 2023-2024

Employment Support Services

The employment support services targeted people who are not in employment and self-employment. We delivered one to one service at the centre and telephone advice sessions. The activities included CV building and job interview technic sessions, basic IT skills training, online Job applications and voluntary job placement. The programme benefited 26 people.

Advice and Support Services

The organisation’s advice and support services covered the following areas:

Welfare benefit
Employment and self-employment
Debt
Health
Education and
• Referrals

We delivered one to one advice and information sessions and made 17 referrals to specialist services. About 36 People benefited from the activities

English Skills (ESOL Project)

The organisation has delivered ESOL (English for Speakers of other languages) at pre-entry level and Entry Level 1 for 18 refuges and asylum seekers.

The aim of the activities was to improve migrants, refugees and asylum seekers’ English skills and facilitate their integration into the wider community and entry into part or full-time employment .

Rising Living Cost Support Services

We run important support services for people affected by the rising cost of living so that they can survive, improve their confidence and resilience. Services offered include debt and financial advice, advocacy on behalf of 39 users.

PLAN FOR 2023-2024

The organisation will continue to deliver employment skills training and employment related advice for unemployed migrants and refugees who have no right to state benefit.

We will support about 26 people in this programme to improve their skills and employability chances.

We will continue to assist about 33 elderly people through domestic support, social clubs and befriending services.
We will increase assistance to migrants, refugees and asylum seekers in need of housing, education, welfare benefit and employment. Our target is to help about 38 people over the period 2024-2025
The organisation will continue to deliver more ESOL training courses for new refugees, migrants and asylum seekers and we aim to train about 19 clients over the period 2024-2025 to improve their employability chances and facilitate their integration into the wider community.
The organisation will increase support to local families with the educational need of their children, mainly uneducated parents who cannot help their children with their schoolwork. We aim to support about 25 children in need from poor families who have no alternative.
Over the period 2024-2025, the organisation will assist about 41 families facing financial crisis due to the rising cost of living, through food and domestic items supply

FINANCIAL STATEMENTS

			Incoming Resources	Incoming Resources	Incoming Resources	Incoming Resources

	Unrestricted			Restricted						2024			2023
			£		£

Grant receivable(1)					49695				49695			39686
Fundraising& Donation			6950						6950			9800
Centre rental fees			4750						4750			7900
Membership												320

Total Incoming Resources			11700		49695.00				61395			57706

Resources Expended

Salary& Wages					7800.00				7800			7600
Sessional Trainers Cost					6950.00				6950			7900
Rent & Rates		2300.00			15200.00			17500.00			17060.00
Heat/Light/ utilities					4380.00			4380			3300
Insurances					340.00			340			340
Telephone Internet & Fax					2800.00			2800.00			2770.00
Post/Stationery					630.00			630			520
Printing& Publicity					340.00			340			855
Deliverycost and travel expenses					2206.00			2206.00			1100.00
Accountancycost		350.00						350			220.00
Refreshment		470.00						470.00			500.00
Volunteer Cost		540.00			3006.00			3546.00			3300.00
Depreciation Charge		726.00						726.00			967
Maintenance & Repairs		260.00						260			520
Administration Cost		180.00			600.00			780.00			700
Food Bank & Essential Items					5200			5200			4100
Equipment											2300
Fundraisingcost		310.00						310.00			550.00

Total Resources Expended		5136.00			49452.00			54588			54602

Net Incoming Resources		6564.00				243.00		6807.00					3104

Total Funds at 1 April 2024								6807.00					3104

Fund B/F								37434			34330

Funds Carried forward at 31 March 2024							44241.00				37434

BALANCE SHEET FOR THE YEAR ENDED 31/03/ 2024

Tangible Assets(3)	2075	2901


Current Assets

Cash receivable	38500	30434

Current Liability	0

Creditors	-5900	-6300


Total Net Assets	34675	27035

Funds
Restricted	23775	12200

Unrestricted	10900	14835

Total	34675	27035

For the year ending 31/03/2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the directors acknowledge their responsibilities for complying with requirements of the Act with respect to accounting records and the preparation of accounts these accounts have been prepared in accordance with the provisions applicable to companies subject to the small company’s regime.

Signed on behalf of the board of Directors

Felix Wohi - Director

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Signed: ----------------------------------------Date:------------------------------------2024

NOTES TO THE ACCOUNTS (1)

Notes to the Accounts for the Year ended 31 /03/ 2024

Accounting policies

The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed assets investments at Market value, and in accordance with applicable accounting standards and follow the recommendation in the statement of SORP 2011 and company law 2006.

1. Grants

Grants are recognized in the statements on accrual basis following the satisfaction of any preconditions.

2. Depreciation

Provision for depreciation of fixed assets held for use by the charity is made at an annual rate calculated to spread the cost of the assets over its expected useful life. The depreciation charge rate in use is 25% on reducing balance method.

3. Restricted Funds

Restricted funds are grants awarded for specific projects and cannot be used for any other project. We apply this rule strictly.

Reserves Policy

The organization ’s reserves policy is to maintain a level of unrestricted and undesignated reserves equivalent to 3-6 months' turnover

GRANTS RECEIVABLE (2)

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City Bridge Trust 7895
Ubele Initiative 12600
Seven Friends Foundation 5800
Foyle Foundation 4000
McCathy Store Foundation 11400
CABWI 8000
Total 49695
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DEPRECIATION OF FIXED ASSESTS (3)


	2024	2023

At thebeginningof theyear	2901	1568
Addition	0	2300

At the end of Year	2901	3868

Depreciation
At thebeginningof theyear	2901	3868
Charge for theyear	726	967
AccumulatedDepreciation	3627	3006

Net BookValue	2175	2901

DIRECTORS’ RESPOSIBILITIES

Company and charity law requires the Directors who are also the charity trustees, to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the company and of the results of the company at that period.

In preparing those financial statements, the directors are required to: Select suitable accounting policies and then apply them consistently; Make judgments and estimates that are reasonable and prudent;

State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will not continue on that basis.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable it to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps and detect fraud and other irregularities.

Signed on behalf of the board of Directors

Felix Wohi - Director

25 / 09 / Signed: ----------------------------------------Date:------------------------------------2024 ,

INDEPENDENT EXAMINER’S REPORT

I report on the accounts of the company for year ended 31 /03/2024

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustee consider that an audit is not required for this year under section 43(2) of the company Act 2006 and that an independent examination needed and that the Company qualifies as a small company under the company Act 2006.

It is my responsibility to carry out procedures designed to enable me to report my opinion. My examination was carried out to ascertain that the accounting records kept by the charity are in accordance with the accounts presented with those records and that no unusual items or disclosures in the accounts come to my attention.

EXAMINER’S STATEMENT

The financial statements are in agreement with those accounting records kept by the company under section 386 of Companies Act 2006;

Having regard only to, and on the basis of the information contained in those accounting records, the financial statements have been drawn up in a manner consistent with the accounting requirements specified in section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice 2011

30/09/ --------------------------------------------- Date --------------------------------------2024

Mr Yoboue Richard Community Accountant 5 Prescott House London SE17 3PH