2023-02-28-accounts - Community-Led Action And Savings Support

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Charity Number: 1188480

Community-Led Action and Savings Support

Trustees’ report and financial statements For the year ended 28 Feb 2023

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Community Led Action and Saving Support Reference and administration information

Charity number

1188480

Registered office and operational address

℅ MACC Swan Buildings 20 Swan Buildings Manchester M4 5JW

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Dr Diana Mitlin Chair Melony Pentreath Treasurer Dr Melanie Lombard Secretary Ms Julie Jarman Mrs Sharon Davis Reverend Eleanor Trimble Jack Makau

Bankers

Lloyds Bank PLC 25 Gresham Street, London, EC2V 7HN

Accountants & Independent Examiner

Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester M60 0AS.

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

The trustees present their report and the unaudited financial statements for the year ended 28 February 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Structure, 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.

Objectives and Activities

Charitable purposes

CLASS works in alliance with a network of women-led and neighbourhood based community associations called Community Savers to advance the following charitable purposes:

To relieve poverty for the public benefit 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 benefit.

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 benefit statement

The Trustees of CLASS have paid due regard to the Charity Commission guidance on public benefit 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 benefit. Eighty per cent of members across the Community Savers network live in areas ranked in the top 5% most deprived in England.

Main activities

CLASS’s main activities are to provide 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 financial resilience among disadvantaged women in low-income areas through savings and mutual aid. The network currently has eight affiliated associations in the Greater Manchester and Sheffield city-regions and CLASS has worked with a total of 20 community associations in these areas in the reporting period.

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

CLASS has delivered four charitable grant-funded projects in the reporting period with three still ongoing and received a social responsibility grant from the University of Manchester. These grants and associated activities are described below:

Community Savers – Growing Great Ideas, National Lottery Community Fund

Total grant: £209,500 Funding period: 1 Jan 2022-30 Apr 2024

Carry over balance from the previous reporting period: £37,898

Instalments received during the reporting period: £91,596

This grant will enable the CLASS-Community Savers alliance to implement a two-year milestone action plan for the deepening and broadening of the Community Savers network across Greater Manchester and Sheffield. Our activities this year have included supporting the development of women-led savings clubs and associated wellbeing projects; supporting community learning exchanges across different neighbourhoods; working with community leaders to convene neighbourhood dialogues and action-planning processes for reducing poverty and inequality; supporting communities to gather their own data on issues of concern and develop ‘precedent-setting’ poverty reduction projects; supporting leaders across the Community Savers network with network governance and development; and developing our own capacity and sustainability as the tailored support agency for the network.

Community Savers – The Tudor Trust

Total grant: £120,000 Funding period: 1 Jan 2022-28 Feb 2024

Carry over balance from the previous reporting period: £39,187

Instalments received during the reporting period: £0.

This grant is unrestricted but was based on co-financing the two-year milestone action plan agreed for the Growing Great Ideas programme as described above. It has been invested in the same set of activities as described above.

Community Savers – Women Thrive Fund, Smallwood Trust

Total grant: £18,750 Funding period: 1 Aug 2021-31 July 2022

Carry over balance from the previous reporting period: (£1,991)

Instalments received during the reporting period: £9,375.

We have invested this grant in improving the financial resilience of at least 200 low-income women through supporting the development of women-led savings groups; building the capacity of the committees of these community associations through support at committee meetings, confidence building and training; enabling peer support and learning through regular exchanges between groups.

’ Women of Wythenshawe – Women s Sector Resilience Fund 2, Smallwood Trust

Total grant: £87,023 Funding period: 12 Sept 2022-11 Sept 2025

Carry over balance from the previous reporting period: £0.

Instalments received during the reporting period: £16,087.

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

Women of Wythenshawe (WoW) is a new women-led poverty action network in Manchester made up of women’s groups and partners agencies in the Wythenshawe area. The first three years of establishing the network is funded by Smallwood Trust through a total grant of £500,000 of which CLASS will receive a total share over three years of £87,023. CLASS is convening the network and supporting participation by some of the member groups. Women will be supported to share their knowledge and experience and to identify common areas for action on gendered poverty in the neighbourhood, developing strategies for systems changes that will reduce disadvantage and make significant improvements to women’s ability to thrive. The September 2022-February 2023 period was a set up phase involving the development of relationships of trust and processes for coming together to discuss priorities and make decisions.

Aquarius Community Savers – Social Responsibility Grant, University of Manchester

Total grant: £2,500 Funding period: 1 June – 30 September 2022

Carry over balance from the previous reporting period: £0.

Instalments received during the reporting period: £2,500.

This was a small grant to cover project costs associated with a tenant-led cost of living survey and booklet production and distribution on local support and services to support tower block tenants across the Aquarius estate in Hulme, Manchester through the cost of living crisis during the winter months.

Community Savers – Knowledge Exchange Grant, University of Sheffield

Total grant: £12,040 Funding period: April 2020 onwards

Carry over balance from the previous reporting period: £3,510.

Instalments received during the reporting period: £0.

This grant was originally awarded in March 2020 and the project had to be adapted due to the COVID19 pandemic. These funds were invested in a long-postponed international learning exchange visit to Muungano Wa Wanavijiji in Nairobi in November 2022 and included eight Community Savers leaders.

Community Savers – Festival of Social Science funding, University of Manchester

Total grant: £1,000 Funding period: 1 Sept – 30 November 2022

Carry over balance from the previous reporting period: £0

Instalments received during the reporting period: £1,000.

We received this funding to support the organising of a showcase event demonstrating how community and university partnerships can contribute to social change and urban transformation.

Other restricted funds

We had some residual funds in our accounts this year from projects that had ended which have been moved into our unrestricted funds. We also received funds from the Independent Mental Health Network in FY 2021-22 for the Hulme Writers project which we passported on to this project in FY 2022-23.

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

We received £750 in teaching fees from the University of Manchester which was channelled onwards to Community Savers affiliates who had hosted the students in the associated fieldtrip within the reporting period.

Achievements and performance

We evaluated the outcomes we have achieved in FY 2022-23 through an impact study involving a member’s survey, in-depth interviews with ten Community Savers leaders, a google form survey with our partners which attracted ten responses and reflective practice discussions at our annual strategy day in December. Our outcome reporting is structured by our Theory of Change which sets out the changes we aim to achieve at the household, group, neighbourhood, city and national level over time.

MEMBER HOUSEHOLD AND GROUP OUTCOMES

We estimate at least 700 people benefited from Community Savers action in 2022.
Community Savers affiliates collected a total of £13,776 in the 2022 financial year.
Across the network, affiliates experienced a 132% increase in non-savings income for community benefit in 2022: a total of £7,073 across the five existing groups.
89% of savers said being a member of their savings group had changed the way they think about how to manage money or the importance of saving.
43% of savers said they had been able to avoid paying for things on credit at some point during the year because of being a member of their savings group.
96% of members feel more positive about life.
78% of members feel less socially isolated.
80% of members report having better mental health.
27 community leaders participated in three training courses over 7 days in 2022 including training in Basic book-keeping and financial management’; Practical Fundraising; and ‘Basic first aid’.
Leaders have increased personal development, confidence and self-esteem:
89% of leaders said their committee has additional knowledge, skills, and ideas for supporting our community.
100% of leaders said their committee’s ability to manage money effectively and transparently has improved.
78% said their committee’s ability to manage their membership and communicate with our community has improved.
89% said their committee’s ability to do forward planning has improved.
Community Savers are increasing access to community facilities through three design and build initiatives in Miles Platting, Hulme and Wythenshawe.

NEIGHBOURHOOD OUTCOMES

More people are working together within neighbourhood-based, resident-led networks with ambitious, successful agendas:

Miles Platting Community & Age-friendly Network (MPCAN): mapping and protecting green spaces; developing a wildlife corridor; working with the PCC to develop new community facilities on the St. Cuthberts Church site and advocating for donation of adjoining council land.

Women of Wythenshawe: a women-led poverty action network comprising 12 women’s groups which brings together carers, mums of children with SEN, women with learning disabilities and autism, single-parents, women from diverse ethnic backgrounds and ages, women survivors of abuse, and

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

migrants and refugee women. This network aims to achieve women-led systems change on gendered poverty to improve the lives of women living on a low-income in the Wythenshawe area.

Community groups are nurturing local activities, highlighting/ addressing immediate needs, strengthening relationships between residents:

Miles Platting Savers are working with Greater Together Manchester and Parish Church of the Apostles to pilot a new food poverty initiative called Social Supermarket and look at ways to integrate savings into the food membership club.
Arbourthorne Social Savers have had a learning exchange with SENsitive and are now running peer support and workshops for parents of children with SEN in their own area beginning in April 2023.
Mums Mart identified a lack of women-friendly spaces through community consultation before COVID. Members are now renovating a derelict caretakers bedsit into a women’s wellbeing space. CLASS is acting as leaseholder because Mums Mart is not an incorporated organisation.

More diverse, low-income women are in community leadership roles developing local interventions:

Through the Women of Wythenshawe network CLASS is supporting leadership development among women in 12 local groups from a diverse range of backgrounds.
Community Savers have supported an additional 5 women to take up committee roles in their savings groups during 2022 and our survey of 55 members showed that:

ed as women. ed as BAME. ed as having a learning ed as having a physical Long-Term Condition.	- 58% identified as having a mental health condition. - 40% identified as being a Carer. - 31% identified as being a single parent. - 47% identified as being unemployed or unable to work.

We hope over time we can support more members to become leaders within their own local group and projects, and other initiatives in their local area.

Communities are making plans for their local areas, in partnership with local government and other stakeholders, which are implemented:

MPCAN have just won runners up prize at Manchester City Council’s Be Proud Awards for Best Neighbourhood Climate Action (March 2023). Having identified 20 green spaces in the neighbourhood that could be protected and improved, and carried out ecology surveys to identify suitable habitats, MPCAN’s Climate Action Group are working with Manchester City Council, Jigsaw Homes, Creative Climate Resilience (University of Manchester), Canal & River Trust, Lancashire Wildlife Trust, Sow the City, and Groundwork to create a wildlife corridor stretching out from the Rochdale canal.
Tenants at Hopton Court have worked with academics and their housing provider (through Aquarius Community Savers) to catalyse and pilot a model from New York called a Naturally Occurring Retirement Community (NORC). A tenant-led survey in 2021 revealed older and vulnerable people falling through the gaps in health, housing, and social care. They organised around their data and successfully negotiated for an Independent Living Adviser, a Development

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

Worker, lifts replacement, aids and adaptations, and a codesigned community space to prevent social isolation for the 75% Over-50s tenants living alone.

Working through a campaign coalition called Block the Block, Aquarius Savers prevented a highrise development going ahead that would have blocked all the sunlight from the Hopton Court gardens which elderly and vulnerable tenants enjoy throughout spring and summer. They have also worked with local councillors to request a rezoning of the Aquarius estate in the new Local Plan for Manchester: they await the draft plan to evaluate success.

BUILDING OUR CAPACITY AS A SUPPORT AGENCY

We have built capacity at CLASS increasing from one full time director at the start of the reporting period to having one full time director and four part-time staff by the end of the reporting period including an Operations Manager, a Development Worker, a Financial Skills Development Manager and a Community Action Intern. We have secured additional grants with a total value of £95,000 during the reporting period.

Beneficiaries

Estimated direct beneficiaries: 700.

In addition to data on our affiliated groups’ memberships and savings schemes, we also worked with existing affiliates to estimate the number of people that they think they have directly benefited in 2022.

This varies significantly across groups because there are so many different kinds of activities being delivered. Some groups are still running food/clothes collection and food parcel delivery services, others have projects underway that are benefiting the entire neighbourhood. Equally, we don’t want any groups to feel limited by comparison, so we present aggregate estimated beneficiaries above.

We defined direct beneficiaries as people who had received a tangible material good or benefit as an individual which can be attributed to the hard work of Community Savers groups and networks (e.g. information, food, clothing, a crisis grant, training, access to a service or drop-in etc).

There is also a much higher number of indirect beneficiaries from our work which it is hard to quantify. These are the people who have benefited from an additional service or facility being delivered close to where they live, or who will benefit from the improved environment after MPCAN’s Climate Action work, or where members report an increased sense of ‘community’ and ‘social connectivity’ in their local area as a result of the work of a local affiliated group. Indirect beneficiaries also include all the partners we work with who share with us informally how they benefit from working with us in terms of increased understanding of grassroots experiences, needs and priorities; or in terms of learning from our approach including the ideas, tools and methodologies that we put into practice on a regular basis.

Financial review

Total funds held at the end of the reporting period: £77,395.
Total restricted funds at the end of the reporting period: £68,835.
Total unrestricted funds at the end of the reporting period: £8,560.
Total unrestricted funds designated as reserves at the end of the period: £7,000.

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Community-Led Action and Savings Support Trustees’ annual report for the year ended 28 February 2023

The trustees have no immediate concerns about our CIO’s ability to continue as a going concern, however there is a need for a strong focus on fundraising in the 2023-24 financial year to enable us to attract continuation funding to retain our staff team and capacity levels. We will continue to build up a portfolio of charitable and statutory grants incrementally developing our profile and income. The Trustees will continue to closely monitor the capacity of CLASS to maintain existing operations and remain a going concern.

Reserves statement

Trustees are regularly monitoring our running costs as our CIO grows and develops. We are on track to hold designated reserves of £10,000 by the end of the FY 2023-24. This is enough to cover three months operational costs and any statutory redundancy payments that may be due if we are unable to extend staff contracts beyond their existing fixed term end dates. Unrestricted funds that are not designated as reserves are used to cover any operating costs that are not covered by existing grant funding.

Principal sources of funds

Our principal sources of funds in FY 2022-23 have been charitable grants and action research/social responsibility grants from universities. These are outlined under ‘Main Activities’.

Statement of responsibilities 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 the surplus of the CIO for that period. In preparing these financial statements the trustees are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO 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 for the prevention and detection of fraud and other irregularities.

27 / 06 / 2023 Approved by the Trustees on ……………………………………………………………………….

Signed on their behalf by Trustee ………………………………………………………………….

Printed Name: Melony Pentreath

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Community-Led Action and Savings Support

Independent examiner’s report to the trustees for the year ended 28 February 2023

I report on the accounts of the charity for the year ended 28 February 2023 set out on pages 10 to 22.

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,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s 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. It 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.

Other matters

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Independent examiner's statement

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

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

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

Patrick Morrello ACA

Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS

07 / 07 / 2023

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Community-Led Action and Saving Support

Statement of Financial Activities

for the year ended 28 February 2023

----- Start of picture text -----
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2023 funds funds 2022
Note £ £ £ £ £ £
Income from:
Donations and legacies 3 600 122,168 122,768 2,169 100,708 102,877
Charitable activities 4 750 - 750 - 8,100 8,100
Total income 1,350 122,168 123,518 2,169 108,808 110,977
Expenditure on:
Charitable activities 5 606 126,548 127,154 3,515 49,510 53,025
Total expenditure 606 126,548 127,154 3,515 49,510 53,025
Net income/(expenditure) for the year 6 744 (4,380) (3,636) (1,346) 59,298 57,952
Transfer between funds 6,078 (6,078) - (75) 75 -
Net movement in funds for the year 6,822 (10,458) (3,636) (1,421) 59,373 57,952
Reconciliation of funds
Total funds brought forward 1,738 79,293 81,031 2,183 20,420 22,603
Total funds carried forward 8,560 68,835 77,395 762 79,793 80,555
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Community-Led Action and Saving Support Charity number 1188480

Balance sheet as at 28 February 2023

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Note 2023 2022
£ £ £ £
Fixed assets
Tangible assets 10 714 71
Total fixed assets 714 71
Current assets
Debtors 11 602 989
Cash at bank and in hand 90,633 81,766
Total current assets 91,235 82,755
Creditors: amounts falling
due in less than one year 12 (14,555) (1,795)
Net current assets 76,681 80,960
Total assets less current liabilities 77,395 81,031
Net assets 77,395 81,031
The funds of the charity:
Restricted income funds 13 68,835 79,293
Unrestricted income funds 14 8,560 1,738
Total charity funds 77,395 81,031
----- End of picture text -----

For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011. The notes on pages 12 to 22 form part of these accounts.

02 / 07 / 2023

Approved by the trustees on ______and signed on their behalf by:

Diana Mitlin (Secretary)

Melony Pentreath (Treasurer)

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Community-Led Action and Saving Support meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

e Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Expenditure on charitable activities includes the costs of salaries, project costs and overheads of various projects undertaken to further the purposes of the charity.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g Tangible fixed assets

Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Plant and equipment 33%

h Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

i Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

k Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

l Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 7.

2 Legal status of the charity

The charity is a charitable incorporated organisation registered with the Charity Commission and has no share capital. The registered office address is disclosed on page 1.

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

----- Start of picture text -----
3 Income from donations and legacies
Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
£ £ £ £ £ £
Donations 600 485 1,085 2,169 - 2,169
Grants - 121,683 121,683 - 100,708 100,708
Total 600 122,168 122,768 2,169 100,708 102,877
4 Income from charitable activities
Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022
£ £ £ £ £ £
Charitable Trading
Consultancy 750 - 750 - 8,100 8,100
Total 750 - 750 - 8,100 8,100
----- End of picture text -----

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5 Analysis of expenditure on charitable activities

Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

Advertising Accountancy Consultants costs Depreciation Equipment Insurance Software Sundry expenses Telephone costs Staff travel & subsistence Restricted expenditure Unrestricted expenditure Bank fees and interest Activities & projects (Community Savers) Printing, postage & stationery Staff training Staff salaries and payroll costs	2023 £ 62,633 632 4,188 87 2,025 126 406 402 1,525 51,502 165 129 212 116 3,006 127,154 126,548 606 127,154	2022 £ 12,952 820 975 - 8,758 70 168 186 1,344 25,401 - 512 45 82 1,711 53,024 49,510 3,515 53,025

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

6 Net income/(expenditure) for the year

his is stated after charging/(crediting): epreciation ccountancy fees t a f f c o s t s taff costs during the year were as follows: Wages and salaries Pension costs ndependent examiner's fee	2023 £ 126 750 150 2023 £ 46,613 3,768 50,381	2022 £ 70 - 500 2022 £ 23,092 2,309 25,401

7 Staff costs

No employees has employee benefits in excess of £60,000 (2022: Nil).

The average number of staff employed during the period was 3 (2022: 1).

The key management personnel of the charity comprise the trustees and the Director. The total employee benefits of the key management personnel of the charity were £35,319 (2022: £23,667).

8 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).

2 members of the management committee received travel and subsistence expenses during the year of £342 (2022:£Nil).

Aggregate donations from related parties were £600 (2022: £Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil).

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

9 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

10 Fixed assets: tangible assets

----- Start of picture text -----
Plant and
equipment Total
Cost £ £
At 1 March 2022 211 211
Additions 769 769
At 28 February 2023 980 980
Depreciation
At 1 March 2022 140 140
Charge for the year 126 126
At 28 February 2023 266 266
Net book value
At 28 February 2023 714 714
At 28 February 2022 71 71
11 Debtors
2023 2022
£ £
Net wages - 989
Cycle Scheme 602 -
602 989
----- End of picture text -----

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

12 Creditors: amounts falling due within one year

Trade creditors Accruals Taxation and social security costs Pension payable Other creditors 1 3 A n a l y s i s o f m o v e m e n t s i n r e s t r i c t e d f u n d s Balance at 1 March 2022 Income £ £ 3,510 485 99 - Growing Great Ideas 37,898 91,596 Tudor Trust 39,187 - Women Thrive Fund (1,991) 9,375 340 - 250 - - 2,500 - 1,000 - 1,125 - 16,087 Total 79,293 122,168 Knowledge Exchange Fund Evan Cornish Foundation University of Manchester Independent Mental Health Network UoM Social Responsibility Uom FoSS Caritas Shrewsbury Small Wood Trust	2023 £ 10,498 900 1,256 954 947 14,555 Expenditure £ (3,980) - (80,488) (22,534) (7,419) - (250) (2,475) (1,001) - (8,401) (126,548)	Transfers £ (15) (99) (6,000) 35 1 - - (6,078)	2022 £ - 500 884 411 - 1,795 Balance at 28 February 2023 £ - - 49,006 10,653 - 340 - 25 - 1,125 7,686 68,835

Note to transfer of funds

Funds were transferred between restricted and unrestricted funds as per agreement with the funder to meet general overhead costs.

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

Note 13 continued

Comparative period

Growing Great Ideas Tudor Trust Women Thrive Fund We Love Manchester One Manchester Total Parish Church of the Apostles ndependent Mental Health Network Knowledge Exchange und National Lottery Community Fund COVID 19 - Frontline Women's Fund Evan Cornish oundation University of Manchester	Balance at 1 March 2021 £ 8,998 4,195 4,727 2,500 - - - - - - - - 20,420	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	Balance at 28 February 2022 £ 3,510 - - 99 37,898 39,187 (1,991) - 340 - - 250 79,293

Name of

restricted fund Description, nature and purposes of the fund

Knowledge Exchange A grant from the University of Sheffield made in 2020 for a Knowledge Fund Exchange project on inclusive neighbourhood planning. The funding remaining in the reporting period was invested in an international learning exchange visit to Nairobi

Evan Cornish A project which aimed to strengthen the organisational and digital capabilities Foundation of at least 20 women community leaders from at least 7 difference community associations in disadvantaged neighbourhoods in Manchester

Growing Great Ideas A two-year Growing Great Ideas grant for the deepening and broadening of the Community Savers movement in the North of England

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

Note 13 continued

Tudor Trust A three-year development grant for the deepening and broadening of the Community Savers movement in the North of England. Women Thrive Fund A 12-month grant focused on improving the financial resilience of 200 lowincome women in Manchester, Stockport and Sheffield. UoM Social A social responsibility grant for project costs to carry out a cost-of-living survey Responsibility and produce a booklet on support services for tower-block tenants in Hulme, Manchester. UoM FoSS A small grant for project costs to host an ESRC Festival of Social Science event showcasing the achievements of Community Savers in Manchester Caritas Shrewsbury Project costs for a new Community Savers affiliate called SENsitive, transferred to CLASS from Caritas Shrewsbury for CLASS to hold for the group until their bank account opened. These are charitable funds previously received and held for the group by Caritas. Independent Mental A small grant for a previous group called Hulme Writers and Savers who did not Health Network have their own bank account. This was then paid out to On Top of the World Project who took on Hulme Writers as one of their projects during the reporting period. Smallwood Trust A three-year grant for development of a women-led poverty-action network in Wythenshawe.

14 Analysis of movement in unrestricted funds

m p a r a t i v e p e r i o d neral fund neral fund	Balance at 1 March 2022 £ 1,738 1,738 Balance at 1 March 2021 £ 2,183 2,183	Income £ 1,350 1,350 Income £ 2,169 2,169	Expenditure £ (606) (606) Expenditure £ (2,539) (2,539)	Transfers £ 6,078 6,078 Transfers £ (75) (75)	As at 28 February 2023 £ 8,560 8,560 As at 28 February 2022 £ 1,738 1,738

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Community-Led Action and Saving Support

Notes to the accounts for the year ended 28 February 2023 (continued)

Note 14 continued

Name of

unrestricted fund Description, nature and purposes of the fund

General fund The free reserves after allowing for all designated funds

15 Analysis of net assets between funds

ngible fixed assets t current assets/(liabilities) tal m p a r a t i v e p e r i o d ngible fixed assets t current assets/(liabilities) tal	General fund £ 714 7,846 8,560 General fund £ 71 (10,458) (10,387)	Designated funds £ - - - Designated funds £ - - -	Restricted funds £ - 68,835 68,835 Restricted funds £ - 79,293 79,293	Total 2023 £ 714 76,681 77,395 Total 2022 £ 71 68,835 68,906

Doc ID: aa9c34788cf87df9945f16f38bf547f41aded85b