Report of the Trustees and Unaudited FinAncial Statements for The Year Ended 31 Mareh 2025 CoDnect Foundation for Mental Hegtth
Connect Foundation for Mental Health REGISTERED CHARITY NUMBER: 802695 Contents of the Financial Statements for the Year Ended 31 MArch 2025 Page Report of the TntreS 3to4 Indendent Examinetrs Report Statement of Financial Activities Balan¢¢ Sheet Statement of Cath flow Notes to th¢ Financial Stat¢m¢nts 9t013 Detailed Statement of Financial Activities 14
Connect Foundation for Mentsl Health Report of the Trustees for the Year Ended 31 Mareh 2025 The trustees present their report with the fmancial statements of the charity for the year ended 31 March 2025. The report has been prepared in accordance with the Charities Act 2011. The accounts have been prepared in accordance with current accounting policies and comply with the charitable ompany's memoranduu] and articles of associatio applicable laws and the requirements of the Statement of Recommended Practice on 'Accounting and Reporting by Charities, issued in July 2014 by the Charity Commission. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 802695 Principal address Rear of 20 Church Street Isleworth Middlesex TW7 6BG Trustees Dr A Bowden D Morris M. Grossfeld S.Cooper STRUCTURE, GOVERNANCE AND MANACEMENT Governing document The charity is controlled by its governing document, a deed of trusL gnd constitutes an unincorporated charity. Reseryes polficy aDd Risk management The tsvstces have given considerdtion to the rnajor risks faced by the Charity and systems and procedures have been introduced to mitigate those risks. Most of the Charkty's income has been derived from grants and donations in response to the fundraising efforts of the trnstees and the uncertainty of this income is a major risk Èo the fmancial viability of th¢ Charity. Thercfor¢ the truste¢5 are aiming to bulld up the free reserves to a level that would provide at least short terni security to cover periods when there is a shortfall in the rec¢ipt of grants and donations.
CoDDect Foundatioll for Illental He*lth PUBLIC BETr¥EFIT The Truitees confirni tlidt they hai'c eoTnplied uriih the duty in Seetion Four of the Charities Act 2006 10 have duo regard to public benefit ?uidancc published by the Cliaritv cornini88ion in detemiillints the actii'ilie5 undcrtak-¢n by Ihe c.harity. The tollom'ing sections demon.%lrale our provision ot publie bciicfit. OIKIECTIVES AIND ACTII'ITIES ObjiLts Thc objLLl% of the Charity ari to bLnL'lil the public by proi'iding rLlicf and rLliabilitdtion for persons ir.sidcnt in tlie Uillted Kingdom suttcriiig or recol'ering troin any forni ot menral illness by proN'i5ion ot opportuiiitie% for %uch persons to en4a£e in thcrttpeutic actlVlllLS. The Charity T5 also empowered to disseininaie informdtion by any nieans on any relaied mattcrs. The aclii'iiic% undcrtskcn bv the Charity to turther charitablc purposes for the public bcnLfit in the )'edr undLr rcl'ic, are retetTed to in thl Rei"ieK' of actii-itics below. The trnstee% rei'i¢w tIIL ailiis dnd pertomiattce ut. the C.haiiiy on a rccrular b4i%iS and liai'L due reg¢ird to thL' Pliblic bLnetit gLiidance publi%hLd by thc ('.hariiy C.(Trinmis.%ion in oi'dLI' 10 C()iiiply i¥ith Nc¢tiun 4 ol- tliL C'liaritiL% Act ?QO6. Rei'ieM- Trf #¢tivities During the year the charity continued with its main objective of supporting the needs of people suffering from severe and enduring mental health problems. This included giving financial support to the Cathja Project, from funds raised by the charity shops. Tlie Shcppcrton shnp eMplO¢d a part tiinc nianaL)er In Idke .4ome ot Ilic work. l()ad off tlic VolllnlL'e ii.'lio liad bLcn %u¢ccs%lully running? tIIL slinp for tlie past 20 y'ea. URGANISATION'AL STRLCTURE The ¢haritN' is managed by a Board of Tru%ieLS M'hich nieet5 bi-moiithly. ON BEHALF OF THE BOARD.. Trusiee Doic Page 4 ot 14
Connect Foundation for Mentsl Health Independent Examiner's Report to the Trustees I report on the accounts for the year ended 31 March 2025 set out on pages six to fourteen. Respective responsibilities of the trustees and examiner The trnstees are responsible for the preparation of the accounts. The trustees consider that an audit is not requir¢d for this year under Section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit under Company Law and is eligible for independent examination, it is my TesponsEI)ility to: examine the accounts under Section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission {under Section 145(5) (b) of the 201 IAct)' and to stat¢ whether parti¢ular matter5 have come to my attcntion. Basis Df the independent examiner's report My examination was ¢arried out in accordance with the general Directions given by the Charity Commtssion. 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 disclosutes in the accounts, and seeking explanations from you as trustees concerning 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 whetherthe accounts present a 'true and fair view, arLd the report is limited to those matters set out in the statement below. Independent examRner's statement In conn¢ction wÉth my examtnation, no matter has come to my attention: Which gives me r¢asonable cause to believe that in, any material respecL the requir¢ments: (i) to prepare accounts which accord with the accountillg records, compty with the accountRng requirements the methods and principles of the Statement of Recommended Practice: AccounÉing and Reporting by Charities (Charities SORP FRS102) have not been m¢t' or (2) to whicm in my opinion. attention should be drnwn in order to enable a proper understanding of the accounts to be reached. Jasmin Aktar Date Small Works Vauxhall Bridge Road Victoria London SWIV ITA
Conneet Foundation for Mental Health Statement of Fillaneial Activities for the Year Ended 31 March 2025 31J.25 Totsl 31.3.24 Unrestricted Total funds funds fimds Notes INCOMIIYG RESOURCES Incoming resources from generated funds Activities for generating funds Government Grants iother Activities Investment Income 261,637 261,637 236242 3,793 3,793 lJ37 Totsl iDeoming resources 265,430 265,430 237,579 Expenditure Charitable Artivities Mental Health Support Governanee costs Other r¢sources ¢xpcnded (67,497) {2,015) (150,480) (67,497) (2,015) (150,480) (94,807) (2,415) (113303) Total Expenditure (219,992) (219,992) (210,425) NET IY4COMINGI(OUTGOING) RESOURCES before transfers 45,438 45,438 27,154 Transfers ET MOVEMENT IN FUNDS 45,438 45,438 27,154 Total funds at l April 2024 BALANCES CARRIED FORWARD 182,658 182,658 155,504 228,096 228,096 182,658 Total funds at 31 March 2025 228,096 228,096 182,658 The accompanying notes are an integral part of this Statement of Financial Activities. There were no reCOlSed gains or loss¢s other than that recorded above.
Connect Foundation for Mental Health Balance Sheet At 31 March 2025 31.03.2S Total 31.03.24 Totsl funds funds Not¢8 FIXED ASSETS Tanble assets 1167 CURREF4T ASSETS Cast at bank 3J68 088 CREDITORS Amounts falling due within Or year 22&185 185,688 (1,173) (5,197) NET CURRENT ASSETS 227 012 180 91 TOTAL NET ASSETS 228,096 182.658 NET ASSETS 182 658 REPRESENfED BY: UnlEstric fimas 228,1)96 181658 TOTAL FUNDS 228 096 658 The director8 con#ider that the eompany is entitled lo exwtion from the requirement to have an audit under the provisions of Section 477 of th¢ Compani¢8 Act 2006 (Ibe Act'y and members have llot required the company to obtaia an audrt for the year in question in accordance with section 476 of the A¢t. The directors aekDowledge their responsibilities ftir complying with the requirements of the Companies Act 2006 with resp¢Gt to acc(iunting records and for preparing fmancial statements which give a trne and fair view of the stste affairs ofthe conjpany as at 31 March 2025 and ofits profit for Ihc period Èn accordance the requirements of section 394 and 395 of the Act and which otherwise comply with the requirements of the Compames Act 2006 relatinR to financial statementy so far as applicable to th¢ company. Th¢ financial statem¢llts Ive beetEprepared in accordance with theprovAsion$ 8ppli¢able to small comPani1th]n Part 15 of the Companie5 Act ?006 aud in accordance with the FinanciAI Reporttug Standard for Snmller Entities (elyective Apnl 2008). The financial ststemeDts iyere approved and autIrised for issu¢ by the board and wer¢ signed on its behalt.on st
Connect Foundation for Mentsl H¢altb ststement of Casb Flow for the Year Ended 31 March 2025 31.03.25 31.03.24 Total Total fimds funds NET CASH PROVIDED BY (USED BY) OPERTG AcfivITIES 45J17 24,008 Cash and c&sh equivalents at the Beginning of the reporting period 179,61)0 155,592 Cash and cash equivalent at the End of the reporting period 224,817 179,000 Reconeiliation of net c&sh flow income/(expenditure) to net from operatlng activities Net ineome for the reportin£ period (as per tbc statement of financial activities) 45,438 27,154 Adjustment for Decrease/(increase) in debtors (Decrease)/increase in creditors Add Depreciation Net cash provided by operatlng activities 2,720 (4,024) 1,083 45 17 990 (5219) 1,083 Anatysis of ¢a$h and cash equivalents Cash at bank and in hand 224017 179,61JO Totsl eash and Cash equivaReDts 224,817 179,600
Connect Found8tioD for MentaR Health Notes to the Financial Statements for the Year Ended 31 Mareh 2025 l. AccouwfING POLICIES 1.1 Basis of preparntion of finanelal statements The statements have been prepared in CordanCe with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financtal Reporting Standard applicable in the UK and Republic Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Stalldd applicable in the UK and Republic of Ireland (FRS 102) alld the Companies Act 2006 and the Chariti¢s Act 2011. The charity is th¢ parent undertaking of a small group and as such is not required to prepare group accounts. The fmancial ststements therefore present inforn]ation about the charity an individual undertaking and not about its gTOUP. 1.2 Changes to accounting estimates No changes to accounting esttmates have occurred in the reporting period. 1.3 Materlal prior yegrs errors No material prior y&qr em)rs have been identified in the reporting period. 1.4 Ineome recognition It¢ms of income ar¢ recog]ised and included in tbe Statement of Financial Activities (SOFA) when all the following criteria are met. the Charity has entitlement to the funds and resourc¢s' any perforniance condktions attached to the item of income has been met or fully within the control of the charity. there is suificient certainty that receipt of the income is considered probable" and the amount can be me&sured reliably There has been llo offsetting of &ss¢ts and liabilities, or income and ¢xp¢nditure, unl¢ss rcquired or pemiittcd by FRS I02 SORP or FRS 102. Grants and donations are onty included in th¢ SOFA when the g¢n¢ral income recognition criteria are met. In the case of perfornianc¢ related grants. income is onEy recognised to the extent that the charity has provided the specific goods or services in accordance witb the perforniance related conditions. 1.5 Charitable expenditure and liabilities Charitable expenditure includes all expenditure directly related to the objects of the charity. This includes support costs, which are the staffg and associat¢d costs of supportin& monitoring and evaluating the work of the charity. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with th¢ use of resources. 1.5.1 Liability r¢¢ognition Liabilities are recognised where it is more likely than notthatthere is a legal or Constructive obligation committing the charity to pay out resources and the amount of the obligatTon can be measured with reasonable certainty. 1.5.2 Governance and support wsts Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public a¢countability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories orft a basis ¢onsistent with the uye of resources.
Connect Foundation for Mental Health Not¢s to the Financial Statements- continlled for the Year Ended 31 Mareh 2025 1.5J Deferred income Deferred income has been included in the accounts in accordanc¢ with the period to which it relates to. 1.5.4 Creditors The charity has creditors which are measured at s¢ttl¢ment amounts less any trade discounts. 1.5.5 Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently tneasured at the best estimate of the amount required to settle the obligation at tbe reporting date. 1.5.6 Basic financial instruments The charity acwunts for fman¢ial instruments on initTal recognition as per paragraph 10.7 FRS 102 SORP, subsequent me&surement is per paragraphs 11.7 to 11.9 FRS 102 SORP. 1.6 Assets 1.6.1 Investments Fixed assets investments are stated at cost less impairmenL 1.6.2 Debtors Debtors are measured on initial recognition at settlem¢nt amoullL Subs¢qucntly, they arc measured at the cash or other consideration expected to be receiv¢ 1.6.3 Cash and cash equivalents Cash and c&8h equivalents are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of nol more than 24 hou, 1.6.4 Tangible fixed assets Depreciation is provided at the following annual rates order to WTite off ea¢h &sset over its estimated useful life. Barge IOO/o on cost 1.7 Fundg Funds held by the charity are either.. UrLrestricted g¢n¢ral fimds - these funds whicb can be used in accordance with the charitable objects at the discretion of the Trustees. R¢stri¢ted funds- these are flmds that can be used for particular restricted puryoses within the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted pun)oses. Expenditure is account¢d for on an aC¢nlS basis and has been classified under headings that awegate all cost io
Conueet Foundation for Mental Health otes to the Financi21 Ststements- continued for the Year Ended 31 March 2025 2. ACTIVITIES FOR GENERATING FUNDS 31.3.25 31.3.24 Shop income 261,637 236,242 INVESTMENT INCOME 31J.25 31.3.24 Deposit account int¢rest 37 3 793 37 4. GRANTS PAYABLE Th¢ total grants paid to institution during the year was as follows.. Mental Health Support 31J25 31.3.24 Friends of Cathja 67,497 94,807 S. TRUSTEES, RETrtUNERATION AND BENEFITS There were no trustees. expenses. remuneration or other benefits for the year ended 31 March 2025 nor for the y&qr ended 31 March 2024. 6. STAFF COSTS 31.3.25 31.3.24 Wages and salaries 1,783 11,492 11,492 li
Conlleet Foundatlon for Ment21 Health Notes to the Financial Statements - eontinued for the Year EDd¢d 31 Mareh 2025 7. TANGIBLE FIXED ASSETS Barge Computer equipment Motor Vehicle Total$ COST At l April 2024 127,962 20,998 3250 152.210 At 31 March 2025 127 962 3,250 152 210 DEPRECIATION At l April 2024 Charge for the year At 31 March 2025 127,962 20.998 1,083 150,043 1.083 151126 127,962 20,998 NET BOOK VALUE At 31 March 2025 1,084 At 31 March 2024 2,167 8. DEBTORS 31.3.25 31J.24 Other debtors 3,368 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors 3,049 Other creditors 1,173 10. SUPPORT COSTS 31J25 31.3.24 Staff Costs Governance Costs 1,783 2,015 11,492 2J75 Other Costs 3,798 13,807 12
Connect Foundation for Mental Healtb Notes to the FiDaneial Ststements - continued for the Year Ended 31 March 2025 11. MOVEMENTS IN FUNDS Movem¢nt in fund$ At 1.424 At 31.3.25 Unrestricted funds General funds 182,658 45,438 228.096 TOTAL FUNDS 182,658 4S438 228,096 Net n]ovement in fimds, included in the above are as follows.. Incomiug Outgoing resourees Movement in funds Unr¢strieted funds General funds 265.430 219.992 45,438 TOTAL FUIWS 265,430 219,992 45,438 13
Connect Foundation for Mental Health Detailed ststement of Financial Statements for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOMING RESOURCES Aetlvitie5 for generating funds Shop in¢ome Other Income 261,637 236,424 Deposit account interest 1.337 237,579 265,430 Total Rncoming resources 265.430 237,579 RESOURCES EXPEIWED Charitable activities Wages and salarles 1,783 11,492 RenL rates and water Insurance Light and heat Telephon¢ General Expenses Volunteer expenses 40.980 2,825 7,449 2227 43,557 16A23 38,007 6,084 8,531 1,860 10.541 7,359 Depreciation Grants to tnstitutions 1,083 60,000 .083 90.000 Professional fees Accountancy Professional fees s,000 29,053 6,376 21,910 Governance Cost 2,015 2,375 Other resources ¢xp¢nded Repairs to Barge 7,497 4,807 TOTAL RESOURCES EXPENDED 219,992 210,425 NET DEFICITISURPLS 45,438 27,154 This page does not forni part of the ststutory ffftan¢ial statcmcnts 14