Trustees’ Annual Report for the period
From 01/10/2024 To 30/09/2025
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 communities through music, creativity and community engagement. Throughout the year, our activities have continued to strengthen social connections, promote cultural inclusion, and improve the wellbeing and confidence of participants from diverse backgrounds across Cardiff and surrounding areas. During the reporting period, we delivered approximately 40 music workshop sessions, including choir rehearsals, vocal training, Welsh choral singing sessions, and songwriting workshops. These sessions provided participants with opportunities to develop new creative skills, build confidence, express themselves artistically, and improve their sense of belonging and wellbeing. The workshops also encouraged collaboration and strengthened relationships among individuals from different communities and cultural backgrounds. We organised and participated in a range of concerts, gospel music events, and public worship gatherings across Cardiff and neighbouring areas. These events enabled us to engage with wider audiences, expand community networks, and build new partnerships and relationships. They also created opportunities to raise awareness of our charitable activities, celebrate cultural diversity, andfostergreatercommunity |
cohesion through shared musical experiences. In addition, we hosted a number of social gatherings, including picnics, day trips, and shared meals for participants and volunteers. These activities played an important role in reducing social isolation, strengthening friendships, encouraging peer support, and promoting collaboration and creative exchange. The gatherings also contributed to the continued growth and development of the organisation by creating a supportive and inclusive environment for all involved. During the year, we successfully completed the first year and commenced the second year of our Welsh singing project, “Swn Llwythol Connect”, funded by The National Lottery. Swn Llwythol Connect is a social initiative designed to promote the Welsh language and culture among African and ethnically diverse communities in and around Cardiff through music and collective participation. The project has helped participants build greater confidence in engaging with Welsh culture and language while fostering intercultural understanding, inclusion, and community integration. By using music as a bridge between communities, the project has contributed to wider social cohesion and encouraged stronger connections between people of different cultural backgrounds across Wales.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| N/A |
Investment performance Para 1.41 against objectives N/A Other
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£67,463 and total expenditure was£81,477 Sources: • Grants from funders • Donations • Giftaid • 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, projects, 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 2025 is£24,191 |
| 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 were 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 | N/A |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/A |
| Relationship with any related parties |
Para 1.51 | N/A |
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 | ||
| Kevin Murithi | Treasurer | Wholeyear | ||
| 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 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 | |
| 26/06/2026 | ||
| 26/06/2026 |
SOEL Connect Annual Accounts Oct24 -Sep25
SOFA
----- Start of picture text -----
Charity Name: SOEL CONNECT Charity No. 1171628
Annual accounts for the period
Period start date Tuesday, Octobe To Period end date day, September 30,
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 6,251.64 50,803.90 - 57,055.54 88,336.50
Charitable activities S02 3,102.40 - - 3,102.40 4,122.66
Other trading activities S03 7,115.16 - - 7,115.16 3,847.91
Investments S04 190.23 - - 190.23 59.04
Separate material item of income S05 - - - -
Other S06 - - - - -
Total S07 16,659.43 50,803.90 - 67,463.33 96,366.11
Resources expended (Note 6)
Expenditure on:
Raising funds S08 - - - - -
Charitable activities S09 23,895.17 57,582.16 - 81,477.33 72,175.81
Separate material item of expense S10 - - - - -
Other S11 - - - - -
Total S12 23,895.17 57,582.16 - 81,477.33 72,175.81
Net income/(expenditure) before investment
gains/(losses) S13 - 7,235.74 - 6,778.26 - - 14,014.00 24,190.30
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 - 7,235.74 - 6,778.26 - - 14,014.00 24,190.30
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 - 7,235.74 - 6,778.26 - .00 - 14,014.00 24,190.30
Reconciliation of funds:
Total funds brought forward S21 9,477.00 47,975.00 - 57,452.00 33,262.00
Total funds carried forward S22 2,241.26 41,196.74 - 43,438.00 57,452
----- End of picture text -----
29/06/2026
1
SOEL Connect Annual Accounts Oct24 -Sep25
Income
| Note 3 Donations and legacies: |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
Analysis of income Oct 2024 to Sept 2025 Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|
|---|---|---|---|---|---|---|---|
| Donations and gifts | - 4,855- |
- -- |
- -- |
- 4,855- |
- 5,962- |
||
| Gift Aid | - 1,397- |
- -- |
- -- |
- 1,397- |
- | ||
| Legacies | - -- |
- -- |
- -- |
- | |||
| General grants provided by | - -- |
- 50,804- | - -- |
- 50,804- |
- 82,375- | ||
| Membership subscriptions and sponsorships | - -- |
- -- |
- -- |
- -- |
- | ||
| Donated goods, facilities and services | - -- |
- -- |
- -- |
- | |||
| Other (Honorariums) | - -- |
- -- |
- -- |
- | |||
| Total | - 6,252- |
- 50,804- | - -- |
- 57,056- |
- 88,337- | ||
| Charitable | Ticket sales | - 3,102- |
- -- |
- -- |
- 3,102- |
- 4,123- |
|
| activities: | - -- |
- -- |
- -- |
- | |||
| - -- |
- -- |
- -- |
- -- |
- | |||
| Other | - -- |
- -- |
- -- |
- -- |
- | ||
| Total | - 3,102- |
- -- |
- -- |
- 3,102- |
- 4,123- |
||
| Other | Merchandise Sale | - 782- |
- -- |
- -- |
- 782- |
||
| trading activities: Income from investments: Separate material item of income: Other: TOTAL INCO Other informat |
Insurance claims | - -- |
- -- |
- -- |
- -- |
- 1,000- |
|
| Expense reimbursement | - 6,334- |
- -- |
- -- |
- 6,334- |
- 2,848- |
||
| Other | - -- |
- -- |
- -- |
- -- |
|||
| Total | - 7,115- |
- -- |
- -- |
- 7,115- |
- 3,848- |
||
Interest income |
- 190- |
- -- |
- -- |
- 190- |
- 59- |
||
| Dividend income | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Rental and leasing income | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Other | - -- |
- -- |
- -- |
- -- |
- -- |
||
| Total | - 190- |
- -- |
- -- |
- 190- |
- 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: |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - 16,659- |
- 50,804- | - -- |
- 67,463- |
- 96,367- | |||
| 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 inc |
ome items above the following items are |
||||||
| i l ( l di l h d i |
29/06/2026
2
SOEL Connect Annual Accounts Oct24 -Sep25
Expenditure
Section C Notes to the accounts (cont)
| Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 This year Analysis Unrestricte d funds Restricted income funds Endowment funds Total funds Unrestricted funds Expenditure on raising funds: £ |
Note 6 Analysis of expenditure Oct 2024 to Sept 2025 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 £ |
Last year Restricted income funds Endowment funds Total funds £ |
Last year Restricted income funds Endowment funds Total funds £ |
|---|---|---|---|---|---|---|---|---|---|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total expenditure on raising funds - -- - -- - -- - -- - -- Expenditure on charitable activities: |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| Hospitality and Catering | - 2,832- |
- 3,060- |
- -- |
- 5,892- |
- 586- |
- 5,764- |
- | - 6,349- |
|
| Artistic Services | - 1,601- |
- 10,863- |
- -- |
- 12,463- |
- 927- |
- 18,281- |
- | - 19,208- |
|
| Travel Costs & Accomodation | - 1,956- |
- 3,158- |
- -- |
- 5,114- |
- 1,709- |
- 5,077- |
- | - 6,786- |
|
| Licensing, Registration and | - 1,119- |
- 748- |
- -- |
- 1,867- |
- 2,693- |
- 747- |
- | - 3,440- |
|
| Advertising, Marketing and Publicity | - 2,141- |
- 874- |
- -- |
- 3,016- |
- 900- |
- 5,019- |
- | - 5,918- |
|
| Donations & Honourarium | - 460- |
- 250- |
- -- |
- 710- |
- 400- |
- -- |
- | - 400- |
|
| Media Expenses | - 2,549- |
- 1,964- |
- -- |
- 4,513- |
- 2,441- |
- 4,314- |
- | - 6,754- |
|
| Office Expenses | - 907- |
- 113- |
- -- |
- 1,020- |
365.52 | 1,048.58 | - | - 1,414- |
|
| Venue | - 1,600- |
- 4,890- |
- -- |
- 6,490- |
2,272.00 | 1,500.00 | - | - 3,772- |
|
| Insurance | - -- |
- 260- |
- -- |
- 260- |
34.72 | 517.69 | - 552- |
||
| Professional Service | - 646- |
- 849- |
- -- |
- 1,495- |
471.16 | 1,557.98 | - | - 2,029- |
|
| Salaries, National Contribution and PA | Y- -- |
- 19,933- |
- 19,933- |
- -- |
|||||
| Bank Charges | - 28- |
- -- |
- 28- |
60.26 | 0 | - 60- |
|||
| General Admin | - -- |
- -- |
- -- |
||||||
| Volunteer cost / Event expenses Depreciation |
- 1,674- |
- 1,321- |
- 2,995- |
350 | 521.94 | - 872- |
|||
| - 6,411- |
- 9,271- |
- 15,681- |
6,148.52 | 8,471.90 | - | - 14,620- |
|||
| Total expenditure on charitable activities Separate material item of expense |
- 23,895- |
- 57,582- |
- -- |
- 81,477- |
- 19,356- |
- 52,820- |
- -- |
- 72,176- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total Other |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
||
| Total other expenditure - -- - -- - -- - -- - -- - -- - -- - -- TOTAL EXPENDITURE - 23,895- - 57,582- - -- - 81,477- - 19,356- - 52,820- - -- - 72,176- Other information: Analysis of expenditure on charitable activities This year Last year |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
| - 23,895- |
- 57,582- |
- -- |
- 81,477- |
- 19,356- |
- 52,820- |
- -- |
- 72,176- |
||
| 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 | - -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
- -- |
|
29/06/2026
3
SOEL Connect Annual Accounts Oct24 -Sep25
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) | B01 | 0 | 0 | 0 | 0 | - |
| Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Gift aid recievable(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 |
B02 B03 B04 B05 B06 B07 B08 7 B10 B11 B12 B13 e B14 B15 B16 B17 B18 B19 B20 B21 |
3,364.54 | 15,205.63 | 0 | 18,570.17 | 30,007 |
| 0 | 0 | 0 | 0 | - | ||
| 0 | 0 | 0 | 0 | - | ||
| 3,365 | 15,206 | 0 | 18,570 | 30,007 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 1396.64 | 0 | 0 | 1396.64 | 0 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| - 2,336.21- |
- 21,854.95- |
0 | - 24,191.16- |
28,164 | ||
| 3,733 | 21,855 | 0 | 25,588 | 28,164 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 3,733 | 21,855 | 0 | 25,588 | 28,164 | ||
| 7,097 | 37,061 | 0 | 44,158 | 58,171 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 7,097 | 37,061 | 0 | 44,158 | 58,171 | ||
| - - |
- - - - |
- | ||||
| - | - | - | ||||
| - | ||||||
| - | - | - | - | - | ||
| Signature | Print Name | Date of approval dd/mm/yyyy |
||||
| OTOKONI OKWULEHIE | 29/6/2026 | |||||
| EMMANUEL OLUWAMAYOWA |
29/6/2026 |
29/06/2026
4
SOEL Connect Annual Accounts Oct24 -Sep25
Unrestricted 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 | 24,594.06 | 24,594 |
| 0 | 0 | 0 | - 1,047.99- |
1,048 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| At end of the year 0 0 0 25,642.05 25,642 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 15,867 15,867 Disposals 0 0 0 0 0 Depreciation 0 0 0 6,411 6,411 Impairment 0 0 0 0 0 Transfers 0 0 0 0 0 At end of the year 0 0 0 22,278 22,278 14.3 Net book value Net book value at the beginning of the year 0 0 0 8,727.00 8,727.00 Net book value at the end of the year 0 0 0 3,365 3,364.54 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 | 25,642.05 | 25,642 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| 0 | 0 | 0 | 15,867 | 15,867 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 6,411 | 6,411 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 22,278 | 22,278 | |
| 0 | 0 | 0 | 8,727.00 | 8,727.00 | |
| 0 | 0 | 0 | 3,365 | 3,364.54 | |
| 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
29/06/2026
5
SOEL Connect Annual Accounts Oct24 -Sep25
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 | |||||
|---|---|---|---|---|---|
| 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 | 33,887.58 | 33,888 |
| 0 | 0 | 0 | - 3,195.93- |
3,196 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| At end of the year 0 0 0 37,083.51 37,084 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 12,607 12,607 Disposals 0 0 0 0 0 Depreciation 0 0 0 9,271 9,271 Impairment 0 0 0 0 0 Transfers 0 0 0 0 0 At end of the year 0 0 0 21,878 21,878 14.3 Net book value Net book value at the beginning of the year 0 0 0 21,280.41 21,280.41 Net book value at the end of the year 0 0 0 15,206 15,205.63 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 | 37,083.51 | 37,084 |
| ight Line or Red | SL or RB | SL or RB | SL or RB | SL or RB | |
| 0.25 | 0.25 | ||||
| 0 | 0 | 0 | 12,607 | 12,607 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 9,271 | 9,271 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 21,878 | 21,878 | |
| 0 | 0 | 0 | 21,280.41 | 21,280.41 | |
| 0 | 0 | 0 | 15,206 | 15,205.63 | |
| 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
29/06/2026
6
SOEL Connect Annual Accounts Oct24 -Sep25
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 | 34,315 | ||
| SSAP (Jamii 2 Project) | 12090 | ||
| Diverse Capital Grant | 4398.9 | ||
| - | |||
| Total 50,804 Description Last year £ Government grant 1 TNL 18,495.00 Government grant 2 SSAP (Jamii 2 Project) 28,125.40 Government grant 3 Diverse Cymru 31,764.10 Other Art Council Wales 3,990.00 Total 82,374.50 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 |
50,804 | |
| Last year £ |
|||
| TNL | 18,495.00 | ||
| SSAP (Jamii 2 Project) | 28,125.40 | ||
| Diverse Cymru | 31,764.10 | ||
| Art Council Wales | 3,990.00 | ||
| Total 82,374.50 This year Last year |
82,374.50 | ||
| This year Last year |
|||
| government ass |
29/06/2026
7
SOEL Connect Annual Accounts Oct24 -Sep25
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)
----- Start of picture text -----
TRUE
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29/06/2026
8
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SOEL CONNECT FOR THE YEAR ENDED 30 SEPTEMBER 2025.
I report to the trustees on my examination of the accounts of SOEL Connect (the Trust) for the year ended 30 September 2025.
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: 24 June 2026