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2022-03-31-accounts

Vision, Mission and Objects Vision, Mission and Objects
Chair's Statement
Defined Benefits Pension Scheme
Review ofthe Year
2022/23 Plan 13
Financial Report 15
Structure,
Governance		 and Management 19
Composition
ofthe Board		 23
Auditors
Report		 25
Statement of Financial Activities 29
Balance Sheet 31
Statement
ofCash Flows		 33
Notes to the Financial Statement 34
Additional
Disclosures		 Required by Funders 54

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2022 2021
Note E 8
FIXEDASSETS
Tangible Assets 14 29.474 12,585
CURRENT ASSETS
Debtors 15 311,440 292,047
Cash at Bank and in Hand 855,694 690,236
1,167,134 982,283
CREDITORS: Amounts falling due
within one year 16 (561,526) (296,602)
NET CURRENT ASSETS 605,608 685,681
NET ASSETSEXCLUDING
PENSION SCHEME LIABILITIES 635,082 698,266
Dehned benefit pension scheme liability 11 (945,000) (1,109,000)
NET ASSETS INCLUDING
PENSION SCHEIIIIE LIABILITIES 18 (309,918) (410,734)
FUNDS
Unrestricted
Funds —general		 458,675 472,156
Unrestricted
Funds —designated		 7,682
Total Unrestricted
Funds		 18 458,675 479,838
Restricted
Funds excluding		 pension liabikty 176,407 218,428
Pension Reserve (945,000) (1,109,000)
Total Restricted
Funds		 18 (768,593) (890,572)
TOTAL FUNDS 18 (309,918) (410,734)

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value)
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their usef
Computer
Equipment		 333/o Straight line basis
Office Fixtures and Fittings 20"%%d Straight line basis
Motor Vehicles 20'/o Straight fine basis

Unrestricted Restricted
Funds Funds Total Total
2022f 2022
F		 2022f 2021f
Coronavirus Job Retention Scheme 29,375
29,375
Total 2021 29,375 29,375
Other Trading Activities ca n be analysed as being received f rom the following sources:-
Unrestricted
Funds Total Total
2022f 2022f 2021f
Other 5,634 5,634 1,546
5,634 5,634 1,546
Total 2021 1,546 1,546

Income
from charitable
activ
sources—		 ities
can be an		 alysed
as being		 received
from		 the following
Unrestricted Restncted
Funds Funds Total Total
2022 2022 2022 2021
9 F E
Central & Local Government 582944 582,944 283,981
National
Lottery
Other Public Sector
Voluntary
Sector		 2,172,597
7,855		 2,172,597
7,855		 2,326,101
429,789
Private Sector 291,647 291,647 158,475
Other income 6,800 6,800 12,167
3,061,843 3,061,843 3,210,513
Total 2021 3,210,513 3,210,513

Restricted
Funds Total Total
2022 2022 2021
F 6 RE
Generating voluntary income 45,120 45,120 54,098
45,120 45,120 54,098
Total 2021 54,098 54,098

NET RES OURCES EXPE NDED BEF ORETRANSFERS
2022 2021
E
Net outgoing resources before transfers
Depreciation
ofowned assets		 is after charging; 7,908 7,030
Auditors' remuneration 7,500 6,450
Operating lease payments -Leasehold property 43.811 51,076
Directors' expenses
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EMPLOYMENT COSTS
2022 2021
Salaries 952,989 956,244
Social Security costs 70,515 76,082
Pension costs 67,154 61,814
1,090.658 1,094,140

2022 2021
People 27 28
Places 9 5
Generating funds 1 1
Support and governance 5
42 41

Present value ol funded
obligations
Fair vaiue ofscheme assets

2022 2021
8
Service cost (30,000) (21,000)
Net interest on the defined liability (asset) (22,000) (19,000)
Administration expenses (1,000)
(53,000) (40,000)
Actual return on scheme assets 120,000 235,000
Movements
in the present value of the defined benefit oblig		 ation were as follo ws.
2022 2021
E
Opening
defined benefit obligation
Current service cost		 2,397,000
30,000		 1,902,000
21,000
Interest cost 48,000 44,000
Contributions
by scheme participants
Change
in financial assumptions
Change
in demographic
assumptions
Experience loss I (gain) on defined benefit obligation
Benefits paid		 4,000
(111,000)
5,000
(32,000)		 4,000
541,000
(20,000)
(26,000)
(69,000)
Past service costs, including
curtailments
Closing delined
benefit obligation		 2,341,000 2,397,000
Changes
in the fair value of scheme assets were a		 s follows:
2022 2021
Opening
fair value ofscheme assets
Interest on assets		 1,288,000
26,000		 1,101,000
25,000
Return on assets less interest 94,000 210,000
Administration
expenses
Contributions
by employer
Contributions
by scheme participants
Benefits paid		 (1,000)
17,000
4,000
(32,000)		 17,000
4,000
(69,000)
Closing fair value ofscheme assets 1,396,000 1,288,000

2022 2021
Equities 61'/o 64o/o
Gilts 3o/o 4'/o
Other bonds 7'/o 7'/o
Property 13'/o 11/o
Cash 6'/o 5'/o
Inflation-linked pool fund 5oio 4'io
infrastructure 6o/o 5'/o
Total 100'/ 100/o
2022 2021
Discount rate 2.60/o 2.00io
Future salary increases 3.25 /o 3.85 /o
Future pension increases 425 /o 2 85 /o
CPI increases 325 /o 2.85Vo
2022 2021
Retiring today
Males 216 21.6
Females 24.3 24.3
Retiring
in 20 years
Males 230 229
Females 25.8 25.7

FIXEDASSETS
Office
fixtures
Computer and Motor
equipmentf fittings
F		 vehicles
6		 Total
F
COST
At 1 April 2021
Additions		 52,554
10,847		 13,919 18,000
13,950		 84,473
24,797
Disposals (31,447) (13,919) (45,366)
At 3'I March 2022 31,954 31,950 64,904
DEPRECIATIOiN
At 31 March 2021 50,617 13,604 7,667 71,888
Charge for the year 2,863 315 4,730 7,908
Elimination
on disposal		 (31,447) (13,919) (45,366)
At 31 March 2022 22,033 12,397 31.430
NET BOOK VALUE
At 31 March 2022 9,921 19,553 29,474
At 1 Apnl 2021 1,937 315 10,333 12,585

15. DEBTORS
2022 2021
Trade debtors 105,207 171,835
Amounts
owed by Groundwork		 UK 68,690 20,647
and other Groundwork Trusts
Accrued income 124,225 73,111
Prepayments 13,318 26,455
Other debtors
311,440 292.047
16. CREDITORS: Amounts falling due within one year
2022 2021
E
Trade creditors 71,913 56,901
Other taxes and social security 24,930 26,548
Grants received in advance and deferred grants 441,682 170,700
Other creditors 9,896 30,801
Accruals 13,105 11,652
561,526 296,602

Land 8 Buildings Other
2022 2021 2022
f		 2021
Under
1 year		 11,304 24,919 684
Expiring between 2 and 5years 21,036 2,394
Over 5years
11,304 45,955 3,078

CURRENT YEAR
Restricted Unrestricted Total Total
Funds Funds 2022 2021
F 8 8 E
Tangible Assets 29,474 29,474 12,585
Current Assets excluding
bank and cash in hand 4,432 307.008 311,440 292.047
Cash at bank and in hand 593,505 262,189 855,694 690,236
Creditors.
amounts		 falling
due within one year (421,530) (139,996) (561,526) (296,602)
Provisions
for
liabilities
and		 charges
Defined benefit Pension
scheme
liability		 (945,000) (945,000)(1,109,000)
(768,593) 458,675 (309,918) (410,734)

Restricted Unrestricted Total Total
Funds Funds 2021 2020
F F F
Tangible Assets 12,585 12,585 17,821
Current Assets exc!uding
bank and cash in hand 183.248 108,799 292,047 492,563
Cash at bank and in hand 182,378 507,858 690,236 855,571
Creditors: amounts
falling
due within one year (147,198) (149.404) (296.602) (742,642)
Provisions
for
liabilities and charges (4,005)
Defined benefit pension
scheme
liability		 (1,109,000) -(1,109,000) (801,000)
(890,572) 479,838 (410,734) (181,692)

Net Transfers Actuarial
Balance
1.4.2021
f		 resources
(~dd)
E		 betv!een
f
d		 gains and
|Ba!ance
31.3 2022
Restricted funds
excluding pension liability 218,428 (69,438) 27,417 176,407
Pension reserve (1,109,000) (36,000) 200,000 (945,000)
Unrestricted funds 479,838 6,254 (27,417) - 458,675
(410,734) (99,184) 200,000 (309,918)
PRIOR YEAR
Net Transfers Actuarial
Balance
1.4.2020		 resources
(~dd)		 between
f
0		 gains and
|Baiance
31.3.2021
Restricted funds
excluding pension liability 97,460 75,212 45,756 218,428
Pension reserve (801,000) (23,000) — (285,000) (1,109,000)
Unrestricted funds 521,848 3,744 (45,756) 479,838
(181,692) 55,956 (285,000) (410,734)
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The grants shown b elow are requir ed
by the donor to		 be individually 'disclosed.
Cash Held/ Cash Held/
(Due) at Cash (Due) at
1 April
2021f		 Received/
~R2
d		 Cash
E~dd
f		 31 March
2022
F
NATIONAL LOTTERY
The National
Lottery Community		 Funds
Grant from Building Better Opportunities
D2N2/1/3 —Towards Work
People First —Programme 76,068 2,084,729 (2,172,597) (11,800)
76,068 2,084,729 (2,172,597) (11,800'/
NOTTINGHAM
CITY COUNCIL
Area Based Grant 59,663 219,521 (226,175) 53,009
I-loliday Activity
Funding		 50,000 (50,000)
Youth Employment Initiative (5,096) 8,492 (3,396)
Community
Renewal		 Fund —New Start 248,860 (100,475) 148,385
54,567 526,873 (380,046) 201,394
NOTTINGHAM
COUNTY COUNCIL
Community
Renewal		 Fund —New Start 295,880 (104686) 191,194
295,880 (104,686) 191,194