## **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:
1. 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
3. 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