Trustees’ Annual Report for the period
From 01/10/2023 To 30/09/2024
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 |
Our key services and activities include: • Live music performances • Music rehearsals & workshops • Singing lessons and vocal coaching • Welsh singing workshops • Creative mental health workshops • Songwriting & composition workshops • Poetry Writing • Musical instrument training • Mentorship and creative development for community members • Job support/advice/CV writing/Digital support |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Soel Connect confirms that her 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 N/A Para 1.38 Policy on grant making N/A
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 | Our mission is to bring hope to our community through music, creativity and community engagement. In the past year, we delivered: An average of 40 music workshop sessions including; choir rehearsals, vocal training sessions and Welsh choral singing sessions as well as song writing sessions. Concerts, Gospel music and worship events within and around Cardiff, open to the public. This gave us opportunity to engage with more people, helped to build networks and new relationships. It also gave us the opportunity to share our projects and activities with new audiences. Socials gatherings (picnics, day trips, meals etc.) for all our participants which gave opportunity for team bonding, friendships, collaborations, creative expressions, and organisational development. We launched a Welsh singing project Welsh singing project “Swn Llwythol Connect” funded by TNL. Swn Llwythol Connect is a social initiative to develop a sustainable means for promoting the Welsh language and culture amongst African and ethnically diverse communities in and around Cardiff using music as a mechanism for bridging this gap. We also continued having bi-monthly health and wellbeing singing workshops to |
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support people’s mental health & wellbeing
within the community.
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Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41
objectives set
N/A
Performance of fundraising
activities against objectives Para 1.41
set
N/A
Investment performance Para 1.41
against objectives
N/A
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total income for the year was £96,366.11 and total expenditure was £72,176. Sources: • Grants from funders • Donations • Ticket sales and merchandise 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. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Soel Connect does not currently have a policy on reserves. Hence all available funds 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 2024 is£28,164 |
| 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 | Looking ahead, we plan to: • Expand our outreach to universities, student communities and churches in and around Cardiff. • Secure multi-year funding to sustain key programmes and activities. |
| • Collaborate with local and national arts organisations to increase impact. |
||
|---|---|---|
| A description of the principal risks facing the charity |
Para 1.46 | Trustees regularly review risks relating to: • Financial sustainability • Safeguarding of young people and vulnerable adults • Health and safety at events • Reputational risk Mitigations we are putting in place include policies, training, insurance coverage, compliance checks, etc. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
Soel Connect is a registered charity governed by a constitution. The Trustees are responsible for the overall strategic direction and financial oversight of the organisation. 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 | Trustees are appointed by election/nomination, with induction and training provided to ensure effective governance. 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:
N/A Policies and procedures adopted for the induction Para 1.51 and training of trustees N/A The charity’s organisational structure and any wider Para 1.51 network with which the charity works
| Relationship with any related parties |
Para 1.51 | N/A |
| Other | N/A |
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 | ||
| Kevin Murithi kithinji |
Treasurer | Whole year | ||
| Kenechi Nwaki | Secretary | 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 wholeyear | |
|---|---|---|
| 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 | |
| 01/07/25 | ||
| 01/07/25 |
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
SOFA
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Charity Name: SOEL CONNECT Charity No. 1171628
Annual accounts for the period
Period start date 01/10/2023 To Period end date 30/09/2024
Section A Statement of financial activities
Recommended categories by Guidance Unrestricted Restricted Endowment Prior year
activity Notes funds income funds funds Total funds funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 9,952.00 78,384.50 - 88,337 52,431
Charitable activities S02 4,122.66 - - 4,123 418
Other trading activities S03 3,847.91 - - 3,848 685
Investments S04 59.04 - - 59 -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 17,981.61 78,384.50 - 96,366.11 53,534
Resources expended (Note 6)
Expenditure on:
Raising funds S08 - - - - -
Charitable activities S09 19,356.26 52,819.56 - 72,176 35,070
Separate material item of expense S10 - - - - -
Other S11 - - - - -
Total S12 19,356.26 52,819.56 - 72,175.81 35,070
Net income/(expenditure) before investment
gains/(losses) S13 - 1,375 25,565 - 24,190 18,464
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 - 1,375 25,565 - 24,190 18,464
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 - 1,375 25,565 - 24,190.30 18,464
Reconciliation of funds:
Total funds brought forward S21 10,852 22,410.00 - 33,262 14,797
Total funds carried forward S22 9,477 47,975 - 57,452 33,262
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1
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
Income
Note 3 Analysis of income Oct 2023 to Sept 2024
| Donations and legacies: |
Analysis | Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|---|---|---|---|---|---|---|
| Donations and gifts | - 5,962- |
- -- |
- -- |
- 5,962- |
- 3,146- |
|
| Gift Aid | - -- |
- -- |
- -- |
- -- |
||
| Legacies | - -- |
- -- |
- -- |
- -- |
||
| General grants provided by | - 3,990- |
- 78,385- | - -- |
- 82,375- |
- 48,605- | |
| Membership subscriptions and sponsorships | - -- |
- -- |
- -- |
- -- |
- -- |
|
| Donated goods, facilities and services | - -- |
- -- |
- -- |
- -- |
||
| Other (Honorariums) | - -- |
- -- |
- -- |
- 680- |
||
| Total - 9,952- - 78,385- - -- - 88,337- - 52,431- |
- 9,952- |
- 78,385- | - -- |
- 88,337- |
- 52,431- | |
| Charitable activities: |
Merchandise/ Ticket Sale | - 4,123- |
- -- |
- -- |
- 4,123- |
- 1,103- |
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
|
| Total - 4,123- - -- - -- - 4,123- - 1,103- |
- 4,123- |
- -- |
- -- |
- 4,123- |
- 1,103- |
|
| Other | ||||||
| trading activities: Income from investments: Separate material item of income: Other: TOTAL INCO Other informat |
Insurance Claims | - 1,000- |
- -- |
- -- |
- 1,000- |
- -- |
| Expense reimbursement | - 2,848- |
- -- |
- -- |
- 2,848- |
- -- |
|
| Other | - -- |
- -- |
- -- |
- -- |
||
| Total | - 3,848- |
- -- |
- -- |
- 3,848- |
- -- |
|
Interest income |
- 59- |
- -- |
- -- |
- 59- |
- -- |
|
| Dividend income | - -- |
- -- |
- -- |
- -- |
- -- |
|
| Rental and leasing income | - -- |
- -- |
- -- |
- -- |
- -- |
|
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
|
| Total | - 59- |
- -- |
- -- |
- 59- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
||
| 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: |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - 17,982- |
- 78,385- | - -- |
- 96,366- |
- 53,534- | ||
| All income in |
||||||
| h i Where any end i i Where any end |
owment fund is converted into income in the d l i h f h i owment fund is converted into income in the |
|||||
| i i d |
l i h f h i |
|||||
| Within the inco |
me items above the following items are |
Within the income items above the following items are i l ( l di l h d i
2
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
Expenditure
Section C Notes to the accounts (cont)
Note 6 Analysis of expenditure Oct 2023 to Sept 2024
| Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | Note 6 Analysis of expenditure Oct 2023 to Sept 2024 | |||
|---|---|---|---|---|---|---|---|---|---|
| This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Last year Restricted income funds Endowment funds Total funds £ |
||||||||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total expenditure on raising funds - - .00- - - .00- - -- - -- - -- Expenditure on charitable activities: |
- - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Hospitality and Catering | - 585.69- |
- 5,763.57- | - -- |
- 6,349- |
- 1,272- |
- 2,972- |
- | - 4,245- |
|
| Artistic Services | - 926.53- |
-18,281.41- | - -- |
- 19,208- |
- 6,684- |
- 3,709- |
- | - 10,392- |
|
| Travel Costs & Accomodation | -1,708.77- | - 5,077.04- | - -- |
- 6,786- |
- 599- |
- 2,607- |
- | - 3,206- |
|
| Licensing, Registration and | -2,692.89- | - 747.15- |
- -- |
- 3,440- |
- 496- |
- 167- |
- | - 663- |
|
| Advertising, Marketing and Publicity | - 899.56- |
- 5,018.53- | - -- |
- 5,918- |
- 2,748- |
- 986- |
- | - 3,734- |
|
| Donations & Honourarium | - 400.00- |
- - .00- |
- -- |
- 400- |
- 1,100- |
- | - | - 1,100- |
|
| Media Expenses | -2,440.64- | - 4,313.77- | - -- |
- 6,754- |
- 1,720- |
- 1,307- |
- | - 3,027- |
|
| Office Expenses | - 365.52- |
- 1,048.58- | - -- |
- 1,414- |
- 201- |
- 676- |
- | - 877- |
|
| Venue | -2,272.00- | - 1,500.00- | - -- |
- 3,772- |
- 2,390- |
- | - | - 2,390- |
|
| Insurance & Warranty | - 34.72- |
- 517.69- |
- -- |
- 552- |
- -- |
||||
| Professional Service | - 471.16- |
- 1,557.98- | - -- |
- 2,029- |
- 2,891- |
- 1,050- |
- | - 3,941- |
|
| Bank Charges | - 60.26- |
- - .00- |
- -- |
- 60- |
- -- |
||||
| General Admin | - - .00- |
- -- |
- -- |
- 252- |
- 1,243- |
- 1,495- |
|||
| Volunteer cost / Event expenses Depreciation |
- 350.00- |
- 521.94- |
- -- |
- 872- |
- -- |
||||
| -6,148.52- | - 8,471.90- | - -- |
- 14,620- |
5,919 | - 4,135- |
- 10,054- |
|||
| Total expenditure on charitable activities Separate material item of expense |
-19,356.26 | -52,819.56- | - -- |
- 72,176- |
- 26,272- |
- 18,852- |
- -- |
- 45,124- |
|
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total Other |
- - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total other expenditure - - .00- - - .00- - -- - -- - -- - -- - -- - -- TOTAL EXPENDITURE -19,356.26-- 52,819.56- - -- - 72,176- - 26,272- - 18,852- - -- - 45,124- Other information: Analysis of expenditure on charitable activities This year Last year |
- - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| -19,356.26- | - 52,819.56- | - -- |
- 72,176- |
- 26,272- |
- 18,852- |
- -- |
- 45,124- |
||
| 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 | - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Activity 2 | - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Other | - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Total | - - .00- |
- - .00- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
3
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
Balance sheet
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Section B Balance sheet
Guidance Unrestricted Restricted Endowment Total this Total last
Notes funds income funds funds year year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 0 0 0 0 -
Tangible assets (Note 14) B02 8,726.57 21,280.41 0 30,006.97 26,363.78
Heritage assets (Note 16) B03 0 0 0 0 -
Investments (Note 17) B04 0 0 0 0 -
Total fixed assets B05 8,727 21,280 0 30,007 26,364
Current assets
Stocks (Note 18) B06 0 0 0 0 0
Debtors (Note 19) B07 0 0 0 0 0
Investments (Note 17.4) B08 0 0 0 0 0
Cash at bank and in hand (Note 24) 7 5,606.07 22,558.26 0 28,164.33 7,618
Total current assets B10 5,606 22,558 0 28,164 7,618
Creditors: amounts falling due within o B11 0 0 0 0 0
Net current assets/(liabilities) B12 5,606 22,558 0 28,164 7,618
Total assets less current liabilities B13 14,333 43,839 0 58,171 33,982
Creditors: amounts falling due after one B14 0 0 0 0 0
Provisions for liabilities B15 0 0 0 0 0
Total net assets or liabilities B16 14,333 43,839 0 58,171 33,982
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 - - -
Unrestricted funds B19 - - -
Revaluation reserve B20 -
Total funds B21 - - - - -
Signed by one or two trustees on behalf of all Date of
the trustees Signature Print Name approval
dd/mm/yyyy
OTOKONI OKWULEHIE 7/7/2025
EMMANUEL
7/7/2025
OLUWAMAYOWA
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4
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
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 | |||||
|---|---|---|---|---|---|
| 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 | 0 | 0 | 23,675.93 | 23,676 |
| 0 | 0 | 0 | - 918.13- |
918 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| At end of the year 0 0 0 24,594.06 24,594 14.2 Depreciation and impairments *Basis*ight Line or Red SL or RB SL or RB SL or RB SL or RB Rate 0.25 0.25 At beginning of the year 0 0 0 9,719 9,719 Disposals 0 0 0 0 0 Depreciation 0 0 0 6,149 6,149 Impairment 0 0 0 0 0 Transfers 0 0 0 0 0 At end of the year 0 0 0 15,867 15,867 14.3 Net book value Net book value at the beginning of the year 0 0 0 13,956.95 13,956.95 Net book value at the end of the year 0 0 0 8,727 8,726.57 14.4 Impairment This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: This year Last year the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. - - 14.6 Other disclosures This year Last year £ £ (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. - - (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed 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._ |
0 | 0 | 0 | 24,594.06 | 24,594 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| 0 | 0 | 0 | 9,719 | 9,719 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 6,149 | 6,149 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 15,867 | 15,867 | |
| 0 | 0 | 0 | 13,956.95 | 13,956.95 | |
| 0 | 0 | 0 | 8,727 | 8,726.57 | |
| on of the events and tion or reversal of an on of the events and tion or reversal of an is adopted, please provide: This year Last year plicable ssumptions been recognised had the odel. - - This year Last year £ £ ing costs, if any, capitalised in the and the capitalisation rate used. - - tractual commitments for the acquisition of - - ing amounts of property, rity has restricted title or ties. |
|||||
| This year | Last year | ||||
| £ | £ | ||||
| - | - | ||||
| - | - | ||||
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing ba
5
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
Restricted Tangible assets
Section C Notes to the accounts (cont)
Note 14 Restricted Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
| 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 | 0 | 0 | 16,541.11 | 16,541 |
| 0 | 0 | 0 | 17,346.47 | 17,346 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| At end of the year 0 0 0 33,887.58 33,888 14.2 Depreciation and impairments *Basis*ight Line or Red SL or RB SL or RB SL or RB SL or RB Rate 0.25 0.25 At beginning of the year 0 0 0 4,135.28 4,135 Disposals 0 0 0 0 0 Depreciation 0 0 0 8,472 8,472 Impairment 0 0 0 0 0 Transfers 0 0 0 0 0 At end of the year 0 0 0 12,607 12,607 14.3 Net book value Net book value at the beginning of the year 0 0 0 12,405.83 12,405.83 Net book value at the end of the year 0 0 0 21,280.41 21,280.41 14.4 Impairment This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: This year Last year the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. - - 14.6 Other disclosures This year Last year £ £ (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. - - (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed 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._ |
0 | 0 | 0 | 33,887.58 | 33,888 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| 0 | 0 | 0 | 4,135.28 | 4,135 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 8,472 | 8,472 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 12,607 | 12,607 | |
| 0 | 0 | 0 | 12,405.83 | 12,405.83 | |
| 0 | 0 | 0 | 21,280.41 | 21,280.41 | |
| on of the events and tion or reversal of an on of the events and tion or reversal of an is adopted, please provide: This year Last year plicable ssumptions been recognised had the odel. - - This year Last year £ £ ing costs, if any, capitalised in the and the capitalisation rate used. - - tractual commitments for the acquisition of - - ing amounts of property, rity has restricted title or ties. |
|||||
| This year | Last year | ||||
| £ | £ | ||||
| - | - | ||||
| - | - | ||||
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing ba
6
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
Grants receipts
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Government grant 4 |
Description | Description | This year £ |
|---|---|---|---|
| TNL | 18,495.00 | ||
| Jamil Project | 28,125.40 | ||
| Diverse Cymru | 31,764.10 | ||
| Art Council Wales | 3,990.00 | ||
| Total 82,374.50 Description Last year £ Government grant 1 Ty Cerdd 1,500.00 Government grant 2 Jamii Project 37,125.40 Government grant 3 TNL 9,980.00 Other N/A - Total 48,605.40 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 |
82,374.50 | |
| Last year £ |
|||
| Ty Cerdd | 1,500.00 | ||
| Jamii Project | 37,125.40 | ||
| TNL | 9,980.00 | ||
| N/A | - | ||
| Total 48,605.40 This year Last year |
48,605.40 | ||
| This year Last year |
|||
| government ass |
7
SOEL Connect Annual Accounts Oct23 -Sep24 (23)
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 TRUE from an employment with their charity or a related entity (True or False)
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 | ||||
|---|---|---|---|---|---|---|
| Name of trustee | Legal authority (eg order, governing document) |
Remuneratio n £ |
Pension contribution £ |
Redundancy (including loss of office) /ex gratia £ |
Other £ |
TOTAL £ |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - |
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 paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | ||||
|---|---|---|---|---|---|---|
| Name of trustee | Legal authority (eg order, governing document) |
Remuneratio n £ |
Pension contribution £ |
Redundancy (including loss of office) /ex gratia |
Other £ |
TOTAL £ |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - |
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
8
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOEL CONNECT FOR THE YEAR ENDED 30 SEPTEMBER 2024.
I report to the trustees on my examination of the accounts of SOEL Connect (the Trust) for the year ended 30 September 2024.
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
-
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 (Affiliate)
Address: 74, Tennyson Close, Rhydyfelin, Pontypridd CF37 5ER
Date: 22 July 2025