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2022-02-28-accounts

Community Led Action and Saving Support

Unaudited Financial Statements For The Year Ended 28th February 2022

Charity Registration No. 1188480

Legal and Administrative Details For The Year Ended 28th February 2022

Status

A charity registered in England and Wales as a Charitable Incorporated Organisation, registered on the 11/03/2020.

Registered O$ice

Community Led Action and Savings Support (CLASS)

c/o MACC (Swan Buildings) Swan Buildings Manchester M4 5JW

Trustees

The Trustees who served in the period and upto the date of this report were: Diana Mitlin, Chair Melanie Lombard, Secretary Julie Jarman Jack Makau Sharon Davis Wayne Shand, Treasurer (resigned 6th June 2022) Marilyn Cockburn (resigned on 26 April 2022) Melony Pentreath, Treasurer (Coopted onto the board at a Trustees meeting on 7 June 2022) Eleanor Trimble (Coopted onto the board at a Trustees meeting on 7 June 2022)

Accountants & Independent Examiners

Catalyst Collective Ltd 2 Keighley Road Keighley Road Hebden Bridge HX7 8LL

Bankers

Lloyds Bank PLC 25 Gresham Street London EC2V 7HN

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Trustees Report For The Year Ended 28th February 2022

The Trustees present their report and accounts for the year ending 28th February 2022

Charitable purposes

CLASS works in alliance with a network of women-led savings groups called Community Savers to advance the following charitable purposes:

  1. To relieve poverty for the public bene>t in socially and economically disadvantaged neighbourhoods in England and Wales by:

a) supporting people to learn about and establish community-led savings initiatives;

b) supporting community associations to work together, and to develop partnerships, in such a way that they are better able to realise community-led solutions for the relief of poverty for the public bene>t.

  1. To develop the capacity and skills of the residents of socially and economically disadvantaged neighbourhoods in England and Wales in such a way that they are better able to identify, and help meet, their needs, and work together to reduce social and economic disadvantage.

Public bene+t statement

The Trustees of CLASS have paid due regard to the Charity Commission guidance on public bene>t in deciding what activities the charity should undertake. Trustees review the activities CLASS engages in regularly at quarterly meetings to ensure our work continues to be in the public bene>t; and annually together with Community Savers leaders at our annual retreat. Eighty per cent of members across the Community Savers network live in areas ranked in the top 5% most deprived in England.

Activities and achievements

CLASS provides strategic, community development, communications, and fundraising support to a network of women-led savings groups called Community Savers and other community associations who participate in network activities. Community Savers groups alleviate poverty and build >nancial resilience among disadvantaged women in low-income areas through savings, mutual aid and amplifying community voice through networks and partnerships. The network currently has >ve aBiliated groups in Greater Manchester and SheBield and CLASS has worked with a total of 18 community associations in these areas in the reporting period.

Trustees Report

Page 3

For The Year Ended 28th February 2022

Charitable grant-funded activities

CLASS has been engaged in delivering 7 charitable grant-funded projects in the reporting period of which 3 were ongoing into the new >nancial year:

Go Digital! (The National Lottery Community Fund)

Award: £9,350 Duration: 1 November 2020 – 31 April 2021

CLASS recruited and inducted a team of Digital Inclusion volunteers to provide informal digital upskilling sessions to ‘digital champions’ from community groups who have then moved on to providing skills sharing sessions with other members of their group.

Capacity-building and crisis support for women-led savings groups (COVID-19 Frontline Women’s Fund - the National Lottery and the Smallwood Trust)

Award: £15,970 Duration: 1 January – 31 March 2021

This three-month project was concluded during the >rst month of the reporting period. The grant provided for: CLASS capacity building support to three womenfocused savings groups; staB time for administration, monitoring & evaluation, and fundraising; participating groups project costs and crisis support funding for women and girls in their communities.

Women-led savings: financial & democratic inclusion (Evan Cornish Foundation) Award: £2,500 Duration: 1 January – 31 December 2021

This small grant enabled us to build on and continue our digital inclusion work catalysed through the Go Digital! project by providing ICT hardware and volunteersupported digital skills development to committee members of 13 community associations. Following existing capacity building work we were also able to run a 7 week online Community Voice in Planning training and discussion programme.13 diBerent community leaders participated in the programme from 6 diBerent lowincome or mixed-income neighbourhoods. Community leaders from two neighbourhoods who participated in these sessions have gone on to organise within their communities for more collective planning priorities and action planning in their local areas including Miles Platting and the Aquarius estate in Hulme – focused on reducing poverty and spatial inequality.

Stronger Communities (We Love Manchester)

Award: £5,000 Duration: 1 June – 31 December 2021

This small grant enabled us to build capacity and increase project costs budgets across three City of Manchester-based savings groups, reducing loneliness and social exclusion through savings meetings, activities and events.

Trustees Report

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For The Year Ended 28th February 2022

Women Thrive Fund (Smallwood Trust)

Award: £18,750 Duration: 1 August 2021 – 31 July 2022

During the >rst six months of this grant: >ve savings groups across Greater Manchester and SheBield were ale to tun weekly savings and peer support meetings with members; savings groups have organised AGMs and events to celebrate achievements and relaunch and rebuild after COVID; groups were able to support each other and visit other new groups for peer learning; and CLASS was able to provide strategic and capacity building support at 19 savings group committee meetings. The funding also enabled CLASS and the Community Savers leadership to develop a Theory of Change (ToC) and 24 month milestone action plan with support from Participate! which led to a successful bid for a two year development grant from The National Lottery Community Fund Growing Great Ideas programme and a three year unrestricted development grant from the Tudor Trust.

Through a two-day annual retreat and a series of ToC workshops and planning session leaders have developed con>dence and strategic skills and work together in a more united way with a stronger collective vision. Existing leaders are also speaking with con>dence and expertise as they go to visit new groups, they have a better understanding of what is happening in groups across the network, and this is feeding into their own ideas for developing their own groups and projects but also building their capacity to mobilise new groups eBectively as we visit new neighbourhoods.

This increased knowledge, exposure and con>dence has helped groups to begin to recover from COVID and relaunch more activities and events bene>ting at least 240 residents of low-income neighbourhoods across >ve neighbourhoods.

Growing Great Ideas - The National Lottery Community Fund Award: £209,500 Duration: January 2022 – April 2024

This grant will enable the CLASS-Community Savers alliance to implement a twoyear milestone action plan for the deepening and broadening of the Community Savers network across Greater Manchester and SheBield including expanding the CLASS staB team to increase our capacity to support groups across the network.

Tudor Trust

Award: £120,000 Duration: January 2022 – December 2024

Together with our Growing Great Ideas grant, this will enable the CLASSCommunity Savers alliance to develop our impact and sustainability over a threeyear time frame. It will enable us to deepen and broaden the Community Savers network across Greater Manchester and SheBield including expanding the CLASS staB team to increase our capacity to support groups across the network.

Trustees Report For The Year Ended 28th February 2022

Page 5

Public sector-funded activities

In addition to charitable grants, CLASS has also worked with Community Savers leaders to take forward two action research or action learning initiatives supported through grants from University departments and Housing Associations.

Ageing Well in Place in Hulme

CLASS received £2,500 from the University of Manchester School of Environment and Development Social Responsibility awards on behalf of Hopton Hopefuls savings group which became Aquarius Community Savers in April 2022. This was in support of a tenant-led survey into the needs and aspirations of low-income elderly and vulnerable tenants at an inner city tower block in Hulme, Manchester. Using their survey results and working together with CLASS tenants have been able to form a partnership with their local housing association One Manchester, the University of Manchester and Manchester Metropolitan University, and Adult Social Care at Manchester City Council to look at how to develop the block as a ‘Naturally Occurring Retirement Community’ including communal space for older people, an Independent Living Advisor and Community Development Worker.

Development work on this initiative through seed funding from the University enabled us to include ongoing support for this initiative within our agreed activities for the National Lottery Community Fund Growing Great Ideas funding described above. One Manchester Housing Association also contributed £2,500 in support of CLASS development and coordination support during the reporting period.

Inclusive neighbourhood planning

In April 2020, CLASS took over an action learning initiative from the University of SheBield which was delayed due to COVID-19 called “50 years since Arnstein’s Ladder: How can we achieve more inclusive neighbourhood planning?”. The total budget that CLASS took over administration for was £12,050 and this included funding for a series of workshops in Community Savers neighbourhoods exploring this question together with an international learning visit to the Muungano Alliance in Nairobi (Muungano Wa Wanavijiji and SDI Kenya) who have pioneered a new bottom-up settlement planning initiative spanning 100,000 households. Workshops convened by CLASS with Community Savers in July, November, and December 2021 have catalysed a new climate action plan and community led redevelopment of a church site in Miles Platting, Manchester and a new community-led coalition in Hulme, Manchester focused on rezoning their social housing estate in the new Local Plan and establishing a Neighbourhood Forum to develop a Neighbourhood Plan for the Aquarius estate. The learning visit to Nairobi will take place in November 2022.

Trustees Report For The Year Ended 28th February 2022

Page 6

Governance and Management CLASS is governed by a constitution and a board of trustees. The trustees meet on a quarterly basis or more frequently when the board deems this necessary. Trustees have the power to co-opt new board members and this is the mechanism through which new trustees join the board. Secretary: Date:

Report of the Trusteess For The Year Ended 28th Febrnary 2022 Statement of responslbilitRes of the trustees The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to: Select suitable accounting policies and apply them COllSiSteDtIy - Make judgements and estimates that are reasonable and prndent Prepare financial statements on the going concern basis unless it is inappropriate to presump that the trust will continue in existence. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Approved by the Trustees on: 611112L SignLd on their belialf l)y Trustee Printed Name: Page 8

Independent Examiners Report on the Accounts For The Year Ended 28th February 2022

Report to the trustees/ members of the Community-Led Action and Savings Support on the accounts set out on pages 10 -17

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiners statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. lt also includes consideration of any

unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1.) which gives me reasonable cause to believe that in any material respect the requirements:

2.) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Andrew Woodcock

Catalyst Collective Ltd 2 Keighley Road Keighley Road Hebden Bridge, HX7 8LL

Page 9

Community Led Action and Saving Support

Statement of +nancial activities

For The Year Ended 28th February 2022

Note
Income from:
Donations, Grants and Legacies
3
Consultancy
Other Trading Activities
Total Income
Expenditure on
Cost of raising funds
Charitable activities
4a
Governance Costs
4b
Total Expenditure
Transfer between Funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/ (expenditure) for
the year
Net movement in funds for the
year		 Note £
2,169
-
-
2,169
-
(2,539)
-
(2,539)
(370)
(75)
(445)
2,183
1,738
Unrestricted
funds		 2022
£
100,708
8,100
-
108,808
-
(49,510)
(500)
(50,010)
58,798
75
58,873
20,420
79,293
Restricted
Funds		 Total Funds
£
102,877
8,100
-
110,977
-
(52,049)
(500)
(52,549)
58,428
-
58,428
22,603
81,031		 £
2,619
-
-
2,619
-
(436)
-
(436)
2,183
-
2,183
-
2,183
Unrestricted
funds		 2021
£
39,720
-
-
39,720
-
(18,825)
(475)
(19,300)
20,420
-
20,420
-
20,420
Restricted
Funds		 Total Funds
£
42,339
-
-
42,339
-
(19,261)
(19,261)
22,603
-
22,603
-
22,603

Page 10

Movements on all reserves and all recognised gains and losses are shown above. All the organisations operations are classed as continuing.

Page 11

Communlty Led Actlon and Savlng S as at the 28th February 2022 2022 2021 FIXED ASSErs Tangible A55ets IDveslmpnts 71 141 71 141 C.URRF.Nr ASSErs Debtors and Prepa￿entS Cash al Baiik and ill Halld 176 23.18d 81.766 81.766 23.360 CURREKf IlABILrriES Creditors.. Amounts fallang due within one year 18061 1898) (806) 1898) NET CURREKf ASSErs 80,960 22,462 Total Assets less Current Llabllltles 81.031 22.603 Creditors: Amounts falllng due in more than one year Net knsets of the charlty 81.031 22.603 Represented by. Restncted Income Funds Unrestricted Income Funds Totaj Charlty Fund5 2.183 20,420 22,603 io 1.738 81.031 The iiotes OD pages to forn] part 01 th9se accnunts Approved by the trustees on th and slgned on their behalf by: Slgnature Signature Name CL Name Posit5on Posltion Signature Name Positlon Page 12

Community Led Action and Saving Support Notes to the Accounts

For The Year Ended 28th February 2022

1. Accounting Policies

Plant and Equipment 10% Straight Line
2 Fixed Assets
Plant and
Equipment Totals
Cost £
as at 1st March
2021 211 211
additions - -
as at 28th February
2022 211 211
Depreciation
as at 1st March
2021 70 70
charge for the year 70 70
as at 28th February
2022 140 140
Net Book Value
as at 28th February
2022 71 71

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Community Led Action and Saving Support Notes to the Accounts For The Year Ended 28th February 2022

3 Income from Charitable Activities

Income from Charitable Activities
Donations
Grants
Legacies
Total		 Unrestricted
£
2,169
-
-
2,169		 2022
Restricted
£
-
100,708
-
100,708		 Total
£
2,169
100,708
-
102,877		 Unrestricted
£
2,619
-
-
2,619		 2021
Restricted
£
-
39,720
-
39,720		 Total
£
2,619
39,720
-
42,339

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Community Led Action and Saving Support Notes to the Accounts For The Year Ended 28th February 2022

4a Charitable Activities

Activities & Projects
Advertising
Consultants Costs
Depreciation Expense
Equipment Costs
lnsurance Costs
Printing, Postage & Stationery
Rent & Rates
StaB Costs (See Note 6)
Software and Subscriptions
Sundry Expenses
Telephone Costs
Travel & Subsistence
Total		 Unrestricted
£
(648)
(15)
-
-
(70)
-
(718)
-
(172)
(45)
(8)
(863)
(2,539)		 2022
Restricted
£
(12,304)
(805)
(8,758)
(70)
(98)
(186)
(626)
-
(25,401)
(340)
-
(74)
(848)
(49,510)		 Total
£
(12,952)
(820)
(8,758)
(70)
(168)
(186)
(1,344)
-
(25,401)
(512)
(45)
(82)
(1,711)
(52,049)		 Unrestricted
£
-
-
-
-
(46)
(186)
-
-
-
(154)
(50)
-
(436)		 2021
Restricted
£
(6,889)
-
(3,450)
(70)
(1,527)
-
(157)
(301)
(6,321)
(2)
-
(108)
(18,825)		 Total
£
(6,889)
-
(3,450)
(70)
(1,573)
(186)
(157)
(301)
(6,321)
(156)
(50)
(108)
(19,261)

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Community Led Action and Saving Support Notes to the Accounts For The Year Ended 28th February 2022

4b Governance Costs
Independent Examiners Fee
Total		 Unrestricted
£
-
-		 2022
Restricted
£
(500)
(500)		 Total
£
(500)
(500)		 Unrestricted
£
-
-		 2021
Restricted
£
(475)
(475)		 Total
£
(475)
(475)

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Community Led Action and Saving Support Notes to the Accounts For The Year Ended 28th February 2022

5 Restricted Funds

Knowledge Exchange Fund
National Lottery Community Fund
COVID 19 – Frontline Women's Fund
Evan Cornish Foundation
Growing Great Ideas
Tudor Trust
Women Thrive Fund
We Love Manchester
University of Manchester
One Manchester
Parish Church of the Apostles
Independent Mental Health Network		 £
8,998
4,195
4,727
2,500
-
-
-
-
-
-
-
-
20,420
Balance
1st March
2021		 Income
£
-
-
-
-
43,583
40,000
9,375
5,000
3,100
2,500
5,000
250
108,808		 Expenditure
£
(5,488)
(4,265)
(4,727)
(2,401)
(5,685)
(813)
(11,366)
(5,005)
(2,760)
(2,500)
(5,000)
-
(50,010)		 Transfers
£
-
70
-
-
-
-
-
5
-
-
-
-
75		 £
3,510
-
-
99
37,898
39,187
(1,991)
-
340
-
-
250
Balance
28thFeb
2022
79,293

Page 17

Community Led Action and Saving Support

Notes to the Accounts

For The Year Ended 28th February 2022

6 Analysis of Sta# Costs

Sta$ costs during the year were made up as follows

Gross Wages
Employer's NI Costs
Pension Contributions		 2022
£
(23,092)
-
(2,309)
(25,401)		 2021
£
(5,747)
-
(575)
(6,322)

No employee has employee bene,ts in excess of £60,000 (2021: Nil) The average number of sta$ employed during this period was 1 (2021: 1)

7 Creditors

Creditors include the following
NI and payroll taxes
Pensions Outstanding
Wages Payable
Accountancy Fees		 (884)
(411)
989
(500)
(806)

8 Transactions with related parties

There were no transactions with related parties.

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