Connect Support Limited |
Notes to the Accounts |
for the year ended 31 March 2025 |
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1 |
Accounting policies |
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Basis of preparation |
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The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) "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 (FRS102)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Income |
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Income represents grants and donations received to facilitate the support services to carer groups. |
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Tangible fixed assets |
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All tangible assets are capitalised at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life which in all cases is estimated to be two years. |
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Going concern |
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The financial statements have been prepared on a basis other than going concern following the trustees' decision to close the charity and transfer its remaing assets to another organisation with similar charitable objectives. |
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Fund Accounting |
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Unrestricted Funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated Funds are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects. Any amounts not utilised are carried forward where the specific project remains part of the charity's objectives. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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The company is exempt from any corporation tax liability due to its charitable status. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2025 |
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2024 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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3 |
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3 |
Debtors |
2025 |
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2024 |
£ |
£ |
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Other debtors |
- |
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94 |
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4 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
£ |
£ |
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Taxation and social security costs |
- |
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2,189 |
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Accruals |
- |
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900 |
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- |
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3,089 |
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5 |
Company limited by guarantee |
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Every member of the company undertakes to contribute such amount as may be required, not exceeding £10, to the Company's assets if it should be wound up while he/she is a member or within one year after he/she ceases to be a member. |
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6 |
Other information |
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Connect Support Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Dandelion Community (St Marks URC) |
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Outlands Road |
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Manchester |
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M22 1AH |