Trustees’ Annual Report for the period
From 01/10/2022 To 30/09/2023
Charity name: SOEL CONNECT
Charity registration number: 1171628
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the charity are to advance the Christian faith, for the public benefit, in particular but not exclusively by the provision of a community gospel music group. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Music workshops. Vocal training. Song and poetry writing workshops. Song rehearsal sessions. Contemporary group singing. Welsh choral singing. Musical performances. Event planning and organising. Media and production workshops |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | We confirm that Soel Connect’s trustees have had regard to the charity commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In this period, we held between 30 to 40 music workshop sessions including; choir rehearsals, vocal training sessions and Welsh choral singing sessions. We also held 4 song writing sessions. We held 6 media and production workshops and 4 creative production sessions to empower creative within our community with valuable skills for work and leisure. In March 2023 we organised a camp meeting for all our participants which gave opportunity for team bonding, friendships, collaborations, creative expressions, and organisational development. Also, in March 2023 we had a musical showcase for our Welsh singing project Welsh singing project “Swn Llwythol” funded by Art Council Wales. Swn Llwythol is a social initiative to integrate communities, embrace cultures and preserve heritage through a blend of Welsh choral singing fused with African rhythms and sounds. We also organised and facilitated 4 worship events within and around Cardiff in this period. There was an average attendance of 150 people. This gave us opportunity to engage with more people, helped to build networks and new relationship which was needed to strengthen group again. It also gave us the opportunity to share our projects and songs with new audiences. We also held bi-monthly health and wellbeing singing workshops as part a health and wellbeing project Jamii 2 by SSAP which we signed-up to partner with. Our role in this project is to use music as a tool to support people’s mental health & wellbeing within the community. This project is due to start within the next financial period. |
----- Start of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
----- End of picture text -----
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Soel Connect finance is stable and is expected to grow as we make necessary changes to organisational development and streamline our services and activities to address the needs of our target audience. This will also enable us to attract the right kind of funders who will support the projects we are doing / hope to do in our community. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Soel Connect does not currently have a documented policy on reserves. Hence all available reserves are held in Soel Connect’s bank account and will be allocated to the needs of the charity including planned activities, events, services, bills, fees, salaries etc. in order of priority and degree of importance as deemed by the charity trustees and finance officer. At the point where we can attain substantial financial income resulting in significant reserves, the trustees and relevant executives will agree on an adequate policy / system to appropriate the charities reserves. |
| Amount of reserves held | Para 1.22 | Account Balance on 30 September 2022 is£7,618.22 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | There are no uncertainties about the charity in this regard. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | This period, Soel Connect’s principal source of funding is through grants, donations / contributions from members and partners. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 |
Other
Structure, Governance and Management
| Description of charity’s trusts: |
Constitution: CIO - FOUNDATION Registered 15 Feb 2017 |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by pioneer members. Trustee tenures are renewed where necessary based on unanimous vote by existing trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | SOEL CONNECT |
|---|---|
| Other name the charity uses | N/A |
| Registered charitynumber | 1171628 |
| Charity’s principal address | 32 Bronte Crescent Cardiff. CF3 5PL |
|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Otokoni Okwulehie | Trustee | Wholeyear | ||
| Emmanuel Oluwamayowa |
Trustee | Whole year | ||
| Femi David | Trustee | Wholeyear | ||
| Solomon Simukoko | Chairman | Wholeyear | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | N/A | |
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Solomon Simukoko | Otokoni Okwulehie | |
Chairman |
Trustee | |
| 11/06/24 | ||
| 11/06/24 |
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
SOFA
| Charity Name:SOEL CONNECT | Charity No. | 1171628 | ||||
| Annual accounts for the period | ||||||
| Period start date | Saturday, Octob | To |
Period end date r | day, September 30, | ||
| Section A Statement | of financial activities | |||||
| Recommended categories by activity Incoming resources (Note 3) Income and endowments from: |
Guidance Notes |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
||||
| Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other |
S01 S02 S03 S04 S05 S06 |
- 15,306.00- |
- 37,125.40- |
- -- |
- 52,431- |
- 41,251- |
| - 418.25- |
- -- |
- -- |
- 418- |
- -- |
||
| - 685.25- |
- -- |
- -- |
- 685- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 Total S12 Net income/(expenditure) before investment gains/(losses) S13 Net gains/(losses) on investments S14 Net income/(expenditure) S15 Extraordinary items S16 Transfers between funds S17 Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use S18 Other gains/(losses) S19 Net movement in funds S20 Reconciliation of funds: Total funds brought forward S21 Total funds carried forward S22 |
- 16,409.50- |
- 37,125.40- |
- -- |
- 53,534.90- |
- 41,251- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - 20,354.20- |
- 14,715.84- |
- -- |
- 35,070- |
- 27,144- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - 20,354.20- |
- 14,715.84- |
- -- |
- 35,070.04- |
- 27,144- |
||
| - 3,945- |
- 22,410- |
- -- |
- 18,465- |
- 14,107- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - 3,945- |
- 22,410- |
- -- |
- 18,465- |
- 14,107- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - 3,945- |
- 22,410- |
- -- |
- 18,464.86- |
- 14,107- |
||
| - 14,797- |
- -- |
- -- |
- 14,797- |
- 870- |
||
| - 10,852- |
- 22,410- |
- -- |
- 33,262- |
- 14,797- |
1
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Income
Note 3 Analysis of income Oct 2022 to Sept 2023
| Donations and legacies: |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts - 3,146- - -- - 3,146- - 3,295- Gift Aid - -- - -- - -- - 1,936- Legacies - -- - -- - -- - -- General grants provided by - 11,480- - 37,125- - -- - 48,605- - 35,920- Membership subscriptions and sponsorships- -- - -- - -- - -- - -- Donated goods, facilities and services - -- - -- - -- - -- Other (Honorariums) - 680- - -- - 680- - 100- |
|---|---|---|---|---|---|---|---|
| Donations and gifts | - 3,146- |
- -- |
- 3,146- |
- 3,295- |
|||
| Gift Aid | - -- |
- -- |
- -- |
- 1,936- |
|||
| Legacies | - -- |
- -- |
- -- |
- -- |
|||
| General grants provided by | - 11,480- |
- 37,125- | - -- |
- 48,605- |
- 35,920- | ||
| Membership subscriptions and sponsorships | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Donated goods, facilities and services | - -- |
- -- |
- -- |
- -- |
|||
| Other (Honorariums) | - 680- |
- -- |
- 680- |
- 100- |
|||
| Total | - 15,306- |
- 37,125- | - -- |
- 52,431- |
- 41,251- | ||
| Charitable activities: Other trading activities: Income from investments: Separate material item of income: Other: TOTAL INCO Other informat |
Ticket sales | - 418- |
- -- |
- 418- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total | - 418- |
- -- |
- -- |
- 418- |
- -- |
||
| Merchandise Sale | - 685- |
- -- |
- 685- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total | - 685- |
- -- |
- -- |
- 685- |
- -- |
||
Interest income |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Dividend income | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Rental and leasing income | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total | - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| - -- |
- -- |
- -- |
- -- |
- -- |
|||
| Total | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Conversion of endowment funds into income | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Gain on disposal of a tangible fixed asset | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Gain on disposal of a programme related | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Royalties from the exploitation of intellectual | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total ME ion: |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - 16,410- |
- 37,125- | - -- |
- 53,535- |
- 41,251- | |||
| All income in |
|||||||
| h i Where any end i i Where any end i i d |
owment fund is converted into income in the d l i h f h i owment fund is converted into income in the l i h f h i |
||||||
| Within the inc |
ome items above the following items are |
||||||
| i l ( l di l h d i |
2
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Expenditure
Section C Notes to the accounts (cont)
Note 6 Analysis of expenditure Oct 2022 to Sept 2023 This year
| Analysis Expenditure on raising funds: |
This year Last year Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ |
|||||||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Total expenditure on raising funds - -- - -- - -- - -- - -- - -- - -- - -- Expenditure on charitable activities: |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| Publicity | - 2,748- |
- 986- |
- -- |
- 3,734- |
- 399- |
- -- |
- -- |
- 399- |
| Travel Costs | - 599- |
- 2,607- |
- -- |
- 3,206- |
- 626- |
- -- |
- -- |
- 626- |
| Hospitality | - 1,272- |
- 2,972- |
- -- |
- 4,245- |
- 829- |
- -- |
- -- |
- 829- |
| Professional Services | - 2,891- |
- 1,050- |
- -- |
- 3,941- |
- 3,886- |
- -- |
- -- |
- 3,886- |
| Artistic Services | - 6,684- |
- 3,709- |
- -- |
- 10,392- |
- -- |
- -- |
- -- |
- -- |
| Donations & Honourarium | - 1,100- |
- -- |
- -- |
- 1,100- |
- -- |
- -- |
- -- |
- -- |
| Licensing, Registration & Subscriptions |
- 496- |
- 167- |
- -- |
- 663- |
- 526- |
- -- |
- -- |
- 526- |
| Media & Production Equipments Expe Media & Production Equipments Office operation expenses |
n- 1,720- |
- 1,307- |
- | - 3,027- |
- 692- |
- | - | - 692- |
| - | - | - | - | - 16,582- |
- -- |
- -- |
- 16,582- |
|
| - 201- |
- 676- |
- | - 877- |
|||||
| General admin | - 252- |
- 1,243- |
- 1,495- |
- 2,949- |
- 2,949- |
|||
| Venue Hire | - 2,390- |
- -- |
- -- |
- 2,390- |
- 655- |
- -- |
- -- |
- 655- |
| Total expenditure on charitable activities Separate material item of expense |
- 20,354- |
- 14,716- |
- -- |
- 35,070- |
- 27,144- |
- -- |
- -- |
- 27,144- |
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Total Other |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Total other expenditure TOTAL EXPENDITURE |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| - 20,354- |
- 14,716- |
- -- |
- 35,070- |
- 27,144- |
- -- |
- -- |
- 27,144- |
|
| Other information: Analysis of expenditure on charitable activities |
||||||||
This year |
Last year | |||||||
| Activity or programme | Activities |
Grant |
Support |
Total this | Activities |
Grant |
Support |
Total last |
| d k £ |
f di f £ |
C £ |
£ | d k £ |
f di f £ |
C £ |
£ | |
| Activity 1 | - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| Activity 2 | - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
| Total | - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
Other information:
Analysis of expenditure on charitable activities
| This year | This year | Last year | Last year | Last year | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activity or programme | Activities | Grant | Support | Total this | Activities | Grant | Support | Total last | |||||||||||||
| d | £ | k | f | di £ |
f | C | £ | £ | d | £ | k | f | di £ |
f | C | £ | £ | ||||
| Activity | 1 | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | ||||
| Activity | 2 | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | ||||
| Other | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | |||||
| Total | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- | - | -- |
3
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Balance sheet
Section B Balance sheet
| Section B Balance sheet | Section B Balance sheet | |||||
|---|---|---|---|---|---|---|
| Guidance Notes Fixed assets |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|||||
| Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) |
B01 B02 B03 B04 |
- | - | - | - | - |
| 13,957 | 12,405.83 | - | 26,363 | 11,400 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within o Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after on Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
B05 B06 B07 B08 7 B10 B11 B12 B13 e B14 B15 B16 B17 B18 B19 B20 B21 |
13,957 | 12405.8325 | 0 | 26,363 | 11,400 |
| - | - | - | - | |||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - 1,750.33- |
5867.89 | - | 7,618 | 14,797 | ||
| 1,750 | 5,868 | 0 | 7,618 | 14,797 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 1,750 | 5,868 | 0 | 7,618 | 14,797 | ||
| 15,707 | 18,274 | 0 | 33,981 | 26,197 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 15,707 | 18,274 | - | 33,981 | 26,197 | ||
| - | - - - - |
- | ||||
| - | - | |||||
| - | ||||||
| - | - | - | - | - | ||
| Signature | Print Name | Date of approval dd/mm/yyyy |
||||
| Emmanuel O.Oluwamayowa | EMMANUEL OLUWAMAYOWA |
15/7/2024 | ||||
| SOLOMON SIMUKOKO | 12/7/2024 |
4
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Grants receipts
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Other |
Description This year £ |
Description This year £ |
Description This year £ |
|---|---|---|---|
| Ty Cerdd | 1,500.00 | ||
| Jamii Project | - 18,562.70- |
||
| TNL | - 9,980.00- |
||
| Jamii Project | - 18,562.70- |
||
| Total 48,605.40 Description Last year £ Government grant 1 ACW 35,920 Government grant 2 N/A - Government grant 3 N/A - Other N/A - Total 35,920 This year Last year Please provide details of any unfulfilled conditions a This year Last year Please give details of other forms of government ass |
Total Description |
48,605.40 | |
| Last year £ |
|||
| ACW | 35,920 | ||
| N/A | - | ||
| N/A | - | ||
| N/A | - | ||
| Total 35,920 This year Last year |
35,920 | ||
| This year Last year |
|||
| government ass |
5
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Tangible assets
Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
| 14.1 Cost or valuation | |||||
|---|---|---|---|---|---|
| Freehold land & buildings £ |
Other land & buildings £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Total £ |
|
| At the beginning of the year Additions Revaluations Disposals Transfers * |
- | - | - | 15,200.00 | 15,200.00 |
| - | - | - | 8,475.93 | 8,475.93 | |
| - | - | - | 0.00 | ||
| - | - | - | - | 0.00 | |
| - | - | - | - | 0.00 | |
| At end of the year 14.2 Depreciation and impairments *Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of the year 14.3 Net book value Net book value at the beginning of the year Net book value at the end of the year 14.4 Impairment This year: Please provide a descripti circumstances that led to the recogn impairment loss. Last year: Please provide a descripti circumstances that led to the recogn impairment loss. 14.5 Revaluation If an accounting policy of revaluation the effective date of the revaluation the name of independent valuer, if ap the methods applied and significant the carrying amount that would have assets been carried under the cost m 14.6 Other disclosures (i) Please state the amount of borrow construction of tangible fixed assets (ii) Please provide the amount of con tangible fixed assets.* |
0.00 | 0.00 | 0.00 | 23,675.93 | 23,675.93 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| - | - | - | 3,800.00 | 3,800.00 | |
| - | - | - | - | 0.00 | |
| - | - | - | 5,918.98 | 5,918.98 | |
| - | - | - | - | 0.00 | |
| - | - | - | - | 0.00 | |
| 0.00 | 0.00 | 0.00 | 9,718.98 | 9,718.98 | |
| - | - | - | 11,400.00 | - | |
| - | - | - | 13,956.95 | 13,956.95 | |
| on of the events and ition or reversal of an on of the events and ition or reversal of an is adopted, please provide: plicable assumptions been recognised had the odel. ing costs, if any, capitalised in the and the capitalisation rate used. tractual commitments for the acquisition of |
|||||
| This year Last year |
|||||
| - | - | ||||
| This year | Last year | ||||
| £ | £ | ||||
| - | - | ||||
| - | - |
6
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Tangible assets
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.
-
The "transfers" row is for movements between fixed asset categories.
-
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing ba
7
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Restricted Tangible assets
Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
| 14.1 Cost or valuation | |||||
|---|---|---|---|---|---|
| Freehold land & buildings £ |
Other land & buildings £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Total £ |
|
| At the beginning of the year Additions Revaluations Disposals Transfers * |
- | - | - | 0.00 | 0.00 |
| - | - | - | 16,541.11 | 16,541.11 | |
| - | - | - | 0.00 | ||
| - | - | - | - | 0.00 | |
| - | - | - | - | 0.00 | |
| At end of the year 14.2 Depreciation and impairments *Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of the year 14.3 Net book value Net book value at the beginning of the year Net book value at the end of the year 14.4 Impairment This year: Please provide a descripti circumstances that led to the recogn impairment loss. Last year: Please provide a descripti circumstances that led to the recogn impairment loss. 14.5 Revaluation If an accounting policy of revaluation the effective date of the revaluation the name of independent valuer, if ap the methods applied and significant the carrying amount that would have assets been carried under the cost m 14.6 Other disclosures (i) Please state the amount of borrow construction of tangible fixed assets (ii) Please provide the amount of con tangible fixed assets.* |
0.00 | 0.00 | 0.00 | 16,541.11 | 16,541.11 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| - | - | - | 0.00 | 0.00 | |
| - | - | - | - | 0.00 | |
| - | - | - | 4,135.28 | 4,135.28 | |
| - | - | - | - | 0.00 | |
| - | - | - | - | 0.00 | |
| 0.00 | 0.00 | 0.00 | 4,135.28 | 4,135.28 | |
| - | - | - | 0.00 | - | |
| - | - | - | 12,405.83 | 12,405.83 | |
| on of the events and ition or reversal of an on of the events and ition or reversal of an is adopted, please provide: plicable assumptions been recognised had the odel. ing costs, if any, capitalised in the and the capitalisation rate used. tractual commitments for the acquisition of |
|||||
| This year Last year |
|||||
| - | - | ||||
| This year | Last year | ||||
| £ | £ | ||||
| - | - | ||||
| - | - |
8
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Restricted Tangible assets
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.
-
The "transfers" row is for movements between fixed asset categories.
-
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing ba
9
SOEL Connect Annual Accounts Oct22 - Sep23.xlsx
Trustee transactions
Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits
This year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
TRUE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | |||||
|---|---|---|---|---|---|---|---|
| Legal authority (eg order, governing |
Remuneratio n |
Pension contribution |
Redundancy (including loss of office) /ex gratia |
Other | TOTAL | ||
| Name of trustee | document) | £ | £ | £ | £ | £ | |
| - | |||||||
| - | - | - | - | ||||
| - | |||||||
| - | - | - | - | ||||
| - | |||||||
| - | - | - | - | ||||
| - | |||||||
| - | - | - | - |
Please give details of why remuneration or o Where an ex gratia payment has been made
Last year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
TRUE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| Amounts | Amounts | paid or benefit value | paid or benefit value | |||||
|---|---|---|---|---|---|---|---|---|
| Legal authority (eg order, governing |
Remuneratio n |
Pension contribution |
Redundancy (including loss of office) /ex gratia |
Other | TOTAL | |||
| Name of trustee | document) | £ | £ | £ | £ | |||
| - | ||||||||
| - | - | - | - | |||||
| - | ||||||||
| - | - | - | - | |||||
| - | ||||||||
| - | - | - | - | |||||
| - | ||||||||
| - | - | - | - |
Please give details of why remuneration or other employment benefits were paid. Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
No trustee expenses have been incurred (True or False)
TRUE
10
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOEL CONNECT FOR THE YEAR ENDED 30 SEPTEMBER 2023.
I report to the trustees on my examination of the accounts of SOEL Connect (the Trust) for the year ended 30 September 2023.
Responsibilities as the Charity Trustees of the Trust
You are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
Basis of Independent Examiner’s report
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act. In carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. The accounts do not accord with those records; or
-
The accounts do not comply with the applicable requirements concerning the form and content 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.
Signed:
Name: Evelyn Okusanya, CIMA Adv Dip MA
Address: 74, Tennyson Close, Rhydyfelin, Pontypridd CF37 5ER
Date: 04 July 2024