## **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
Page 2
**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.
2. 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**
Page 4
**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:
- examine the accounts under section 145 of the Charities Act,
- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5Xb) of the Charities Act,
- and state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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 PrepaentS
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**
- a) The accounts have been prepared using the Historical Cost Convention and in accordance with Financial Reporting Standard FRS102, as well as in accordance with the Charities SORP.
- b) The charity has taken advantage of the exemption in Financial Reporting Standard FRS102 (Section 1a) from producing a Cash Flow Statement.
- c) The society is not required to have its accounts audited as the society is subject to the statutory exemptions and regulations currently in place. On this basis the charity has chosen not to have a formal audit.
- d) Debtors and Creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of >nancial activities in other administrative expenses.
- f) Depreciation has been provided at the following rates in order to write oB assets over their estimated useful lives
||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|
Page 13
## **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**|
Page 14
## **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)**|
Page 15
## **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)**|
Page 16
## **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.
Page 18