THE NELSON TRUST Company Number03211815 Registered Charity Number 1056672 THE NELSON TRUST (Limited by guarantee with no share capital) REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE NELSON TRUST CONTENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST CONTEl+lTS PAGES Charity information Chair of Board of Trustees's report List of supporting organisations Trustees, report Independent auditorfs report 19 Statement of financial activities 23 Balance sheet 24 Statement of cash f5ows 25 Notes to the financial statements 27
THE NELSON TRUST CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST PRESIDETrir Rt Revd Rachel Treweek. Bishop of Gloucester VICE PRESIDENTS The Hon. Hugh Tollemache The Hon. Mrs Rosie Tollemache Sue Mountstevens Annie Maw CVO TRUSTEES Dame Janet Trotter DBE, CVO Ichairl John Bensted (until 2 February 20241 Catherine Connor Jo Daubeney Dame Julie Lydon DBE Rhona MacDonald Naina Mandleker James Murray Justin Sargent Demelza Stamp James Tabor QC Claire Wynne Hughes (until 19 July 20241 Kirsty Batten Ifrom 19 July 2024) Tina Gabb lfrom 19 July 2024) Jason Kew {from 19 July 20241 Julie Sharma (from 19 July 20241 CHIEF EXECUTIVE OFFICER John Trolan COMPANY SECRETARY Louise Temple SENIOR LEADERSHIPTEAM John Trolan- Chief Executive Officer Ranja Abbott- Direttor of Finance and Assurance Kirsty Day- Director of Recovery Services Niki Gould - Direttor of Women'5 Community Services Christina Line- Chief Operating Officer Louise Temple- Director of HR REGISTERED AND PRINCIPAL OFFICE Nelson House Brimscombe Hill Brimscombe Stroud Gloucestershire GL5 2QP PRINCIPAL BANKER5 Uoyds 8ank PLC 12 Rowcroft Stroud Gloucestershire GL5 3BD SOLiaTORS Willans LLP 28 Imperial Square Cheltenham Gloucestershire GL50 IRH INDEPENDENT AUDITOR Sumer Auditco Limited Hemies House Fire Fly Avenue Swindon SN2 2GA WEBSITE wVI.neIsontruSt.corn @TheNelsonTrust
THE NELSON TRUST CHAIR OF THE BOARD OF TRUSTEES'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST As Chair of the Board of Trustees throughout 202312413m delighted to present this Report. My role 15 to help the Trust build UF)on its solid foundations and enable it to do more of what it does so well. Alongside delivering service5 to an increasing number of clients the charity has made significant progress against its Strategic Objectives. That progress was essential for the charityto be able to Sustain its activities and its continued delivery of its services. There are further details of this within the Trustees, Report. At the Nelson Trust we aspire to be the best at whot we do. We exist to support people to overcome multiple disadvantage5 and deprivation including addiction, trauma and abuse. health and family i55ues and frequent contart with the Criminal Justice System. We know anyone can change if given the opportunity of the right support at the right time. We also know that we Can change organisationallyi and that we can improve how we work by focusing on our existing strengths and qualities. Our 2021-25 Strategy articulated how we would increase the number of people we support and how we would get even better at what we do by delivering a whole system approach across local partnerships and multi-agency forums. Working together we can increasingly achieve outcomes that dismantle the intergenerational cycle of trauma, abuse and disadvantage. We are needed as never before. and our greatest assets. the skill and versatility of our staff and volunteers and the loyalty of our 5UPPOrters. is awe-inspiring. During the year, we completed the purchase of a building in central Bristol to enable us further to enhan our delivery of Women's Service5. The Centre has been significantly refurbished and servi5 have been delivered from it during the latter part of the year: a formal opening event will take place in 2024125. Looking to the fvture, we are proud to have been successful in a number of tenders to increase our reach across the rehabilitation community and acr05S OLtr women's services. The delivery of these services brings further opportunities for collaboration and partnership. and will enable us to open further women's centres. particularly in Wales. The immediate future will continue to present challenges. A new Eovernment can bring opportunities for new funding priorities and initiatives, but it also introdu5 risks due to potential changes in funding level5. policies and sUPPOrt for charitable activities. If those reductions do materiali5e, it is likely that there will be an increased need for the charl5 ServIS at a time when the chartty experience5 reduced income. The team at The Nelson Trust 15 well*quipped to respond to those challenges and will continue to provide support to vulnerable people. l am honoured to have been Chair of the Board since January 2018. As my tenure comes to an end, l am delighted that Dame Julie Lydon will be my successor. Julie has been an invaluable member of the Board for two years. demonstrating exceptional skill in governance and a steadfast commttment to our mission. I have full confidence in her ability to lead the Board and the Trust and guide itto even greater achievements. l am fortunate to have been 5UPPOrted by a highly capable and passionate Board of Trustees. I thank them and all the other volunteers associated wtth the charity. across the whole spectrum of our activities including front line service delivery. Hub community recovery activities. and fundraising. l acknowledge and extend my deepest gratitude to John Benstead and Claire Wynne-Hvghes who came to the end of their term as a Trustees in February and July 2024 re5pertively. Their contribution. strategic insiEhts. exceptional service and dedication will be missed by the Board. l am. nevertheless, excited to welcome the Skills. experience and enthusiasm that our new Trustees. Kirsty Batten. Tina Gabb. Jason Kew and Julie Sharma will brin8 to the Board. The departure of our Trustees marks both a moment of reflection and anticipation. We celebrate their achievements and embrace the opportunities that lie ahead, guided bythe principles and value5 they have exemplified. With deep appreciation and optimism. we look forward to continuing our journey of making positive differen in the live5 of those we serve. As you read this report and the accompanying financial statements. I hope that you will feel heartened bv the commitment of the Trust to del¢vering only the best quality services to our clients who are impressively courageous in the fa of trauma. The Board is grateful to all its staff for their unwavering commitment, compassion and dedication, and in particular. to the Senior Leadership Team who tske the Nelson Trust forward in imaginative and innovative ways.
THE NELSON TRUST CHAIR OF THE BOARD OF TRUSTEES'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST As this report is completed John Trolan. the Trusys Chief Executive Officer, has announced his retirement as from the summer of 2025. John will be greatly missed.. he has been a pioneer and innovator and has been committed to offering only the best opportunities to our many clients. The Board has already begun its search for John'5 succe550r and hopes to have someone in place to secure a Srncth transition to the new arrangements by mid 2025. l also thank our clients for continually fuelling our belief that long-term recovery leads to thriving lives,. and all our volunteers and supporters. including the organisations listed on page 5, whose significant or long- term donations. sponsorship, grants. pledges, time, resources and partnerships have enabled us to achieve Such positive outcome5 With our clients. Your contributions have provided essential resources and made lasting impact on the lives of individuals and families: your involvement has enriched our programmes and fostered a sense of belonging for those we serve. your belief in our vision ha5 allowed us to expand our semces and extend a helpinE hand to more individuals on their journey to recovery. Collectively, you are the pillars of strength that enable us to transform lives and bring hope to those who need it most thLtr o. 1164lf¢. Dame Janet Trotter, Chair of the Board of Tee5 Date: l & Lloombcr J02
THE NEL50N TRUST LIST OF SUPPORTING ORGANISATIONS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST We offer a sincere thank you to the members of our Gloucestershire Fundraising Committee, to our supporters. volunteers, trustees and colleagues for all the change you have made possible. We thank all those individuals, and the following organisations for their support and to those with whom we have worked in partnership during the year: Active Gloucestershire Arnold Clark Albert Hunt Trust Asda Foundation Avon & Wiltshire Health Partnership Azets B & Q Foundation BBC Children in Need Babylonstoren Barnwood Trust Beatrice Hankey Foundation Better Communities Business Network Blackcake Production Fund Bristol City Council Bullough Thompson Charitable Settlement Cardiff City Council Charles Hayward Foundation CHK Foundation Community Investment Fund Cooper Associates Cotswold BMW Cheltenham EDF Energy Enterprise Mobility Fairfield Charitable Trust Fish Bros Fluck Convalescent Fund Free Hospital Trust Fund Garfield Weston Foundation Glasspool Charitable Trust Gloucester City Council Gloucestershire Clinical Commi55ioning Group Gloucestershire Community Foundation Gloucestershire Gateway Trust Gloucestershire Integrated Locality Partnership Hobson Charitable Limited JABBS Foundation John Jame5 Foundation Lister Unified Communications Medlock Charitsble Trust Midcounties Co-operative Minchinhampton Golf Club MinetyTennis Club M J Stone Charitable Trust Moore Allen and Innocent Murrays Estate Agents National Benevolent Charity National Garden Scheme National Grid Elettrical Distribution Nationwide Community Foundation Nineveh Trust Notgrove Trust Open Mental Health VCSE Partnership Parivar Trust Parochial Church Counol of St James Pobl Trust Police & Crime Commissioner-Avon & Somerset Police & Crime Commissioner- DyfedlPowys Police & Crime Commissioner- Gloucestershire Police & Crime Commissioner- South Wale5 Police & Crime Commissioner- Wiltshire Quartet Community Foundation Radstock cOperative Fund Renishaw plc Salus Cyber Somer5et Activity and Sports Partnership Somer5et Community Foundation Spirax Sarco Charitable Trust Stroud District Council Sumner Wi150n Charitable Trust Swindon Borough COU11 Swire Charitable Trust Stroud Distrirt Council Talisman Trust Taunton Soroptimists The Austin and Hope Pilkington Trust The Band Trust The Benefact Group The Berkeley Estate The D'oyley Carte Charitable Trust The Gloucestershire Society The Hedley Foundation The High Sheriff of Gloucestershire's Fund The High Sheriff of Somerseys Fund The John Armitage Charitable Trust The Julia and Hans Rausing Trust The Mary Homfray Charity The National Lottery Community Fund The NJF Family Charitable Trust The Nisbet Trust The Vintners. Company The Waterloo Foundation Vintopia Waddesdon Wines Westfield Health Charitable Trust Wiltshire Community Foundation Wiltshire County Council WSP Solicitors Zurich Community Trust
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST The Trustees, who are also the directors for the purpose of company law. present their report and the financial statements of the charity for the year ended 31 March 2024. CHARrrY's OBJECTIVES AND ACTIVITIES The Trust's objects are: l. to support those affected, both directly and indirectly, and those at risk of being affected by. SLJbstance addiction: 2. to provide education and information services in order to try and prevent persons becoming addicted to drugs, alcohol and other substance5- to provide support for the families of persons who are addicted to drugs. alcohol and other substan$ including advice assistance and support semces for the families of such person; and 4. to promote social inclusion for the public benefft by preventing people {in particular, but not limited to women who are vulnerable) from becoming socially excluded by relieving the needs of such people who are socially excluded and assisting them to integrate into society by 311 means that are charitable in law. Our services are available to the general public, induding those who are either within the Criminal Justice System, or are at risk of being so. Clients are only required to pay any contribution toward5 the support that they receive from us if they have the financial means to do so. The Trustees have paid due regard to the Charty Commission's guidance on public benefit in deciding what activities the tharity should undertake. The Trustees Consider that they have acted in the public benefit. VISION. MISSION & BEUEFS In a constantly changing environment. it is more important than everto retain a clear sense of our purposes and values which are a5 follow5.. Our Ifision: A world where both the causes and consequences of multiple disadvantages are understood, effectively tackled. and ultimately eliminated. Our Mission: We will be a Centre of excellence bringing belief. hope and long-term recovery to lives affetted by addiction and multiple disadvantage. Our Beliets: We believe that anyone can change and recover from addiction. We believe in recovery through abstinence. We believe that with the right support, understanding and empowerment. individuals can achieve their full potential. This Report details our progre55 towards achieving our Vision over the last twelve months.
THE NELSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST DESCRIPTION OF SERVICE5 AND OPERATING BACKGROUND We are a charity which works with and beyond addiction to inspire change. We are committed to working for the benefit of ccxnmunities to prevent people from being socially excluded, to address the needs of people with substance misuse problem5. th05e who are in recovery and those affected by addiction and its associated consequences. We lead and innovate where the constellation of substance misuse, trauma. offending and abuse lead to severe and multiple deprivation which impacts on whole families often perpetuating problems from one generation to the next. We will continue enthusiastically to champion our belief in the capacity for personal change and growth and to promote the value5 of recovery from addittion. In the year ended 31 Marth 2024 we provided. at any one-time, residential treatment bedspaces for up to 44 tlient5- recovery housing and support opportunities for 18 clients,. sUPPOrt for women from each of our Women's centres in Gloucester. Swindon. Somerset. Bristol, Cardiff, Swansea and HMP Eastwood Park,. and hub recovery centre activities in two hospitality venues. through education provision and within our Maintenan activities. The need for, and demands of. our seNces continue to InC3$e year on year, marked by escalating pressures on public sector budget5. a lack of investment in upstream proactive and preventative approaches, all set against a backdrop of soaring national debt. elevated interest rates and inflation. Changes to commissioning legislation. such as The Procurement Att120231 which focuses on longer term contracting, cost efficiencies and greater social value has increased competitiveness, whilst reducing opportunities across the charttable sector. Such stresses often coincide with an increase in issues related to the toxic-trio of substance misuse. mental health, domestic abuse and their variables. Invariably this lead5 to an increased demand for our seNices across our geography at a time when there is le55 money to fund them. Despite the challenging and often uncertain environment in which the charity operates. we have continued at pa to deliver our strategic objertives. and 2023124 has been a sutcessful year for the charity. STRATEGIC REPORT. ACHIEVEMENTS AND PERFORMANCE Strategic Aim Our strategic aim is to extend the depth and breadth of our Servi5, and to this end we created a new 5- year Strategy in 2021122. Our Strate8ic Plan Our 5-year Strategic Plan set five objectives for 2021-25 across all of our artivities:
Quality- We strive to offer seNces which truly respond to the needs of our dients. We value the expertise of lived experien to both co-produce and deliver innovative setvices. We will ensure that our services are safe. effertive, caring. we114ed and responsive to our client's needs. People- Our people make The Nelson Trust what it is. We will attrart and retain the best people and enable each member of our team to fulfil their potential by providing a working environment where they can feel valued forwhat they bringtothe Trust, achieve and sustain a work/life balance. and feel engaged and stimutated in their work. Sustainability- We can only make 3 transforniational change in people's lives if we can be confident in our ability to sustain serViS over the long tem. Achieving operational and financial sustainability is therefore key to our strategy. This will come through extending our reach, diversifying income streams and improving internal efficiency to ensure that we are a modern and financially stable organisation.
THE NELSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST
Reach - More people than ever need our services. Although growth is important. tt is not the driving factor behind our ambition to extend our reach. We are focused on ensuring that a5 many people as possible can access the services they need. whether they are provided directly by The Nelson Trust, by other agencies, or in partnership. We will adively pursue partnership opportunities and innovative methods of delivery to achieve Ereater reath. Innovation- We will create tomorrov/s best practice today. We have taken the following artion against these objectives during the year= We set up a Board Estate's Committee which will take an overall lead in estates matters,. We purchased our women's centre in Bristol. and significantly refurbished the centre whilst delivering services working with over 5((1 women annually. A fonnal opening event of the centre will take place in 2024125- We extended our Services further into Wales, opening a women's centre in Swansea,. Investment has been made in the development of a W5A in Avon and Somerset: Made considerable investments in digttal infrastructure and systems and increased our use of data capture systems to aid growth and 5U5toinability through the accurate articulation of our work - examples include undertaking a data quality and impact assessment. and increased automation of reporting and use of PowerBI,' investment in a new financial and accounting system 5VPPOrting the modernisation of our systems and processes to enable growth. support ongoing sustainability and enabling the Trust to report more effecttvely- We invested in training. coaching and development of Staff. We listened to feedback to improve the working environment, and implemented new staff wellbeing initiatives, and a digital reward platform; We continue to drive fOard tools such as the WRNA. with plans to replace existing assessments across our geographical areas to support keyworkers to prioritise inteNentions according to specific needs. improwng the client journey and service quality: We built upon a number ofour partnerships. and formed new ones. As an example, we are proud to unite with Via IformerSy Westminster Drug Project) to deliver women and aftercare Services in Gloucestershire and plan to work together to develop and launch a pioneering women-only detoxification centre in the future. Shared our expertise through external training and 50 extended our social impact and national profile as field leaders- We invested and increased our trainin& development and volunteering opportunities, and successfully completed the pilot workforce development programme securing another years funding, enhancing our existing work ensuring they align with key local needs,. Embedded action learning across the organisation ensuring staff can Vrk together to reflect and review practices. ensuring quality seThices are delivered,. Improved upon the Opportunity Hubs offering. reopening our Gloucester hospitality centre in January 2024, and providing more volunteering opportunities whilst completing peer mentoring qualification5. Plans for future period5- What do we Intend to do next? Achieve Gold award for knved Experience Charter, an NHS England Health and Justice inbtiative which demonstrates that organisations have quality Standards. best prattice5. and a tommitment to improwng the inclusive recruitment and retention practices of people with lived experience of criminal justi. Further develop residential. processes systems and stang to ensure we remain at the forefront of innovative approaches to residential addiction treatment and recovery- Further enhance our offer within the residential substance misuse sector. a5 a provider of end to end support for those seeking support with addictions. through launching our partnership with Via from April 2024: and develop that relationship with Via to establish a pioneering women-only
THE NELSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST detoxification centre, combining Via's extensive experience in inpatient detoxification with The Ne150n Trusvs insights ensuring that women's experience5 are central to the design and development of thi5 innovative centre,.
Build upon our existing offer to dients, ensuring we fijrther develop the Opportunity Hubs as a reputable source of volunteerin& education, training and employment opportunities. Expand and diversify the utilisation of each Hub building as a versatile, multi-use space for community partners, our clients and our services; Open further women's centres in Wales to increase our reach and accessibility of services: a women's centre in Newport will be opened in the financial year 2024125; Continue to develop partnerships, to share expertise, best pradice knowledge and develop qualty services; Continue to champion systems change, co-commissioning approaches, and leadership locally to bring partners and systems together. For example. working with the OPCC in Wiltshire to co-chair the FemalejuSti 57Jpport Board; Further embed the WRNA across our women's centres: Further embed ourselves in local 5UPPOrt network systems. delivering services under our WSA,. Develop stronger links wtth academic agencies subjerting our services to independent research and evaluation which creates better outcome5 for our clients - we are already collaborating with a number of Institute5. Universities and Foundations in 2024125 for studies. research, reviews and revaluations to improve the pathways of those in the criminal justice system: Develop a comprehensive People Plan. induding a review of the reward structure- Refine our short- and long-term Estates strategy to ensure our Estates are fit for the future,. Redevelop our women's centre in Sv4indon in 2025. overseen by the Board Estate's Committee, funded through a combination of our existing reserves and tsrgeted fundraising efforts. Impart We set out below infom)ation on our irnpact. achievements. and activity, in the past year, together with client feedback. A copy of our unaudtted annual review ofjanuary to Dember 2023. is available on our website (Annual- Review-2023. df nelsontrust.com The review encopsulates the dynamic spirit of our organisation. showcasing the transformative impact of our programmes. It is a testament to the dedication of our staff. volunteers, and partners that we have expanded our reach and enhanced our 5erwtes to better serve those in need. You will find inspiring SucsS stories. update5 on our strategic initiatives, and a comprehensive overview of the milestones athieved throughout the year. Recovery Servlces Our residential treatment programme is one of the longest established abstinence-based services in the UK. Since 1985 we have provided trauma-informed residential rehabilitation to clients across fifty nationwide referral pathways. Our referrals have been increasing year on year. During the financial year we had 333 referrals. 70% of which were for ourwomen-only houses. Year on Year Referrals 250 229 234 199 21 150 132 97 2020-21 2021.22 2022-23 202>24
THE NEL50N TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Our residential programme's success in helping our clients recover from addiction and alcohol abuse has provided it with a national reputation for excellence and innovation. Our service delivery model is based on the Recovery Capital model delivered through a trauma informed approach. We are able work with complex needs, and we support clients across all areas of need in client's life. with special focus on recovery from drugs and alcohol. In 2023-24 we assessed 263 clients. the m05t common unmet need5 our clients present with are shown in the table below. Needs of clients assessed crient involved in selling sex 27% Clieni was a care leaver 3frA Dlagnosed wlth mentsl illness 67% HrOry0f Domestk Abuse 75% Selftharm hisirxy 81% During the year. a total of 163 clients We admitted into our residential rehabilitation houses. Our dedicated resettlement houses welcomed 37 clients who reiVed support as they re*ntered the community. During the year. 26 clients completed their Level 2 qualification in Peer Mentoring training and became Recovery Coaches - volunteering their time to support peers. Staff. recovery coaches and volunteer tutor5 delivered 3692 group interventions and activities induding: Mental Health intervention5: art therapy, drama therapy, group therapy, mindfulness, Dog therapy, mu51C therapy Psychosocial interventions: Helping Men Recover, Pattern Changing Group, Griffin Group Recovery capital intervention5-. Peer evaluations, Volunteerin& Client Council. Community meetin& Relapse Prevention, Complementary therapy inter4entions- Acupuncture. Nature Walks. Yoga. Education. Training & Ernployment activities.. WoodworK Stained Glass, Pottery, Literacy, IT sessions. Leisure, Cultural and Religious activities: Yoga, Gym, Away days, Faith Based activities, baking competitions, etc. Clients also accessed weekly 1-2-1 meetinES With recovery workers attended 1270 individual counselling sessions, on average each client attended 8 sessions during their tatment journey. Women's Community Servi More than 4.300 women accessed our Women's Community Services in GIoustershI, Wiltshire, Sornerset. Bristol. and Wales. Somorsot& ISSZ io
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST We are in our third year of being the prime contractor to the Ministry of Justice IMOJI to deliver the Criminal Justice Rehabilitation service for women in the Police & Crime Commissioner IPCCI areas of Avon and Somerset, Gloucestershire and Wiltshire. and the equivalent contracts in the PCC areas of South Wales, Gwent and Dyfed-Powys, which were in their final year of contratt. We are incredibly proud to have been successful in tendering for the women and young adults services in South Wales and women's services in Oyfed Powys and North Wales from April 2024. Our ONE Wales service is an innovative partnership of local and specialist organis3tions, including Media Academy Cymru Ltd, Prison Advice and Care Trust, bthechange CIC, St Giles Trust, North Wales Women's Centre and PSS {UKI. Through the delivery ofthe seThice, we will increasingly be able to dNert women and young adults away from the criminal justice system at the earliest opportunity into bespoke support. We will continue to deliver and enhance our services for women on probation orders and further develop our services in HMP Eastwood Parkto include women on remand as well as ensure continuity of care and support from prison through to the community. In partnership with Avon and Somerset OPCC. we successfully secured fundingto assist in the development of a whole system approach IsA°}. The WSA will assess the needs of women at risk of or in contart with the justice system at the earliest opportunity and provide gender responsive, co-ordinated multi-agency support to divert her away from offending or reoffending. Through integration of services at the local level, WSAS bring together criminal Justi agencies, other statutory services le.g. health. mental health & substance misuse; accommodation; domestic abuse- and employment), and voluntary sector women's services. We continueto be part of the development of the Women's Risk Need A55e5sment {"WRNA"l. It isthe only validated and peer-reviewed instrument in the public domain designed forwomen caught up in the Criminal Justice System, which is providing robust evidence for sensible alternatives to pri50n. The WRNA serves two important purposes. Firstly. it immediately benefrt5 women as Centres use it with new clients to tailor support to their specific needs. Secondly. it generates comprehensive evidence needed to substantiate the effectiveness of Women's Centres in holistically addressing the needs of justice involved women and women facing multiple disadvantage. which can inform effective and efficient policy decisions. We delivered over 33.( 1-2-1 and group interventions working wtth women by holistically addressing a wide range of needs. Using funding secured through the MOJ, we implemented Court Diversion keyworkers covering Magistrates courts in Gloucester. Swindon. Salisbury, Bristol. Bath, Taunton, Weston-super-mare and Yeovil. The overall aim for Court Diversion keyworkers is to dNert women into suitable community provision and safe accommodation options through influencing sentencers and providing real alternative options to the courts. Court Diversiorb KeorkerS will work to raise awareness around women's offending drivers and increase confidence in community sentences which reduces women's imprisonment and increases the use of community sentences contributing to the delivery to the MOJ'S strategic priorities. We worked with the police and the courts in Avon & Somerset. Swindon and Gloucestershire to divert women from the criminal justice system: Over I,ICK) women were ferred to our liaison and diversion projert. Over 290 women were referred to our pilot Court Diversion project, 81% of women en8a8ed in support to move away from offending. Our ability to consistently achieve excellent outcomes for our dients. and alongside this meeting the requirements of our funder5. underpins the Trusvs ongoing success. Fundraising and event5 Our fundraising events programme were an outstanding success. thanks to over 7C(l incredible supporters, generating income of over £IOO.IMI. We are especially grateful to our sponsors of our events, as well as the Gloucestershire Fundraising Committee. our employees, volunteers. and supporters who make these events possible. Support at events through expanded relationships help us to delivergreater impart and outcomes forth05e we serve, as well as adding value to local services. li
THE NEL50N TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Impart upon the lives olclients The support delivered by the Nelson Trust makes a significant differenceto lives ofthose whom we support, as expressed in their feedback. We are continuing to develop the way that we measure the impact of our range of artivities for our clients. During the year, Hope, a new and inspiring film bv John Miller was prOdUd, which showcases the impact of kindness. and features staff members from The Nelson Trust discussing their own recovery journeys. One story has been extracted and you can watch it here: htt outu.be CAIO E91-zk The case studies and client voice, below, sets out the impart upon three clients who have benefitted from our services. We have changed their names for confidentiality: Noomi's Story Naomi hadexperienced oddiction sinceshe w05 13 and was using heroin by 16. Herfomily life wt75 tumultuous, with hermotherht7ving depression ond herfvther leoving when she was just 10. This left Naomi withfeeling5 of being unworthy, unwantedandunloved. She wentinto care byoge 11. By 17. she storted selling sex tofund her drug ¢7ddiction, t7nd soys .1 wos not just selling my body. but a150 selling o port of my 50uI... my Ilfe over the next 20 years wasfarfrom pretty.- She felt she hod lost everything ond everyone ond attempted to toke her own life on seveml omisions. It W05n't untilshe wos referred to The Nelson Trust Women's Centre thutshe was t7ble to rnointain sobrietyfrom drugs ond olcohol. Noomi w05 resistont to acceptin9 help otfirst, but ofter2 years ofperseverance ondsupportfrom her worker. she secured a place in the speciolist residential women only rehabilitation focility ot The Nelson Trust. "My keyworker held out her hond to me onddidn't give Upi" she soys. Now several yeor5 into ffcovery. Noomi ht7s herfvmily back in her lrfe ond o network of women oround her. Reflecting on her journey. She soys -my life todoy isfvll of gratitude. my sey-esteem and seff-worth ore not on the floor. I'm now o firm believer in women empowering women os I'm o leoding exomple of thi5." She is in a loving and stable relationship* Wlth two beautiful children and works in supporting other women experiencing oddirtion. "Ifeel thot without services like the Women s Centre Jnd Residentiol Rehobilitation. my recovery wouldn't hove been possible. I hod no other sofe place to turn to. IYS onlyfoir thot I now give bock to other women. holding my hond out andsoying. '1 know the woy out.. Emily's Story Emily joined The Nelson Trustfollowing o referralfrom her sociol worker. prompted by o toxic ond obusive relotionship. Initially reserved. Emify gmduolfy opened up durin9 regult7r meetings with her keyworker. discussing the traumotic experiences She endured. including hospltolsotion and phy5icoI assuutt. Herformer portner was arrested ond remained in custody whilst Ernify engoged with The Nelson Trust. Emily's session5 focused on addressing domestK obuse and its cycle,fostering a 5tipportive environment for her recovery. After t7few months. o Sffgnificont breokthrough occurred os Emily overcame her social anxieties ond octively porticipoted in our Mums Minds Mattergmup. Completing ollsixsessions. she expressed upprecit7tion for the VGrluuble insights goinedfrom fellow porticipGnts. We provided extensive sUPPOrt when Emily prepared to attend Cmwn Court for her c05e. Despite initiol hesitotion. Emily ultimately gathered the courage to oddress her ex-portner ond the jury. Witnessing her ex plead guilty to allchorges during the triolmafkeda pivotolmomentforEmify. granting herthe dosure needed to moveforward with her life ond herchild. Emil5 remarkobleiourney ofpersonalgrowth and resilience is eviden¢ and we ure thrilled to witnes5 Emily 5 transformation 05 She builds O positivefuturefor herself ond herson. A Clienys voice.. "I have been coming to The Nelson Trust since 2018... If it wosn'tfor the [the Trustl. I'd probably be dead... I have made o lot of powerfulfriendships and gained insight into being t7ble to Use different tools to live by..- ond leamt my worth ond thot I motter. I have let7mt to be o better mother even though my children don't live with me... I wont to suCed. ond The Nelson Trust hove given me hope that I con. even though I hove a crlmlnol record. I hove been putforward to be o peermentorond they ct7n see mypotentiol... The Women s Centre is o safvty blonket where I can come ond be myseir 12
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSONTRUST FINANCIAL REVIEW Annual Movement In Funds The Trust's Total Funds decreased by £188.488 in the year ended 31 March 2024 12023= increase of £870,046>: An increao in total Unrestricted Funds of £605,74812023: increase £1,182,162): A decrease of £792,792 in Restricted Funds12023.. decrease £304.1621, reflecting our expenditure of funds to deliver services from funds received in earlier years. Further information on the charit5 Restricted Funds is contained in Note 24 to the accounts. Income and Expenditure- Unrestricted The Board recognises the need to operate with unrestricted income in excess of expenditure. The operating environment of the hospitality elements of our Opportunity Hubs continues to be challengin& and short- term investment of unre5trirted funds in those activities is likely to still be required. Inve5tment5 and Cash Balances In view of the ongoing uncertainty of the economic outlook. the Trust holds all its cash funds on current and short-term deposit accounts with its bankers, and using short-term deposits through a CAF Charity Deposit Platform account. The CAF Charity Deposit plarform gives charities the opportunity to earn more interest income and reduce risk through diversification by providing secure online access to market4eading and exclusive deposit rates from an extensive panel of banks and building societies. The charity only deposits into approved banks and building Societies covered by the Financial Servi5 Compensation Scheme. Cash at bank and in hand amounted to £3,416.026 as at 31 March 202412023- £4.152.486}. Cash balanS relating to unrestritted funds £1,316.55312023: £2,302.634} Cash balan5 relating to Restritted Funds £2.099.47312023= £1,849.8521 The Trust also holds units in the COIF Charity Funds"Charities Property Fund Income Units. in respect of its Permanent Endowment Fund, as set out in Note 24. ReseNes and ReseThes Policy The term"reserves" lin accordance with the Charities SORP IFRS 102) definition) is used to describe income fund5 that are freely available to help the Trust meet its objectives. Unrestricted General Fund51"Free Reserves") are represented by the Yotal Funds" under our control less "Restrirted Funds" and "Designated Funds As at 31 March 2024: our Free Reserves stood at £756,89312023: £843.428): our Totsl Funds stood at £8.828.29712022: £9.016,7851- Permanent Endowment Funds being £37.92312023: £39.367}- Restricted Funds being £3.282,45212023: £4,075,244): Designated Fund- Fixed Asset of £3.743.72912023- £2.999.2861- Designated Fund future property investment, maintenance, and strategic development £I,c(17,30012023: £1,059.4601: ond
Unrestricted General Funds l.free reserve<) of £756.89312023.. £843,428}. 13
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Reserves and Reserve5 Policy {continued) Designated Funds are those unrestricted ftjnds that have been set aside by the Trustees for specific purposes. The Trustees are mindful of the need to review and assess the reserves wlicy of the charity. In April 2022, the Trustees formally approved a designated fund for future property investment, future spend on maintaining the condition of owned properties, and the strategic development of the charitV5 activities. During the year. and prior year. designated funds were released to support building project5 and the purchase of our building in Swindon. further projects are anticipated in late 2024125 and beyond. Movements in the funds can be found in more detail in Note 24 to the accounts. Over recent years the Trust has received a substantial amount of restritted grants to fund service delivery on multi-year projects. Delivery on these projects is in progress. The unspent balance of this funding is held within Restrbcted Funds. In future years there will be costs on these projects. for which no income will be recognised in future financial statements. The Board of Trustees reviewed the Reserves Policy in response to the Trust's main risks, the generol operating environment and current funding streams. The Nelson Trust aims to hold sufficient resources to enable the Trust to- SUPPOrt the investment in sustsinable ServIS and to support clients. manage short and long-term risk5 to which the Trust is exposed- finance future capital expenditure and future plans: and to meet its financial. legal and moral obligations to its client5. employee5 and volunteers and to all relevant authortties. The Trustees are aware of the need to maintain sufficient free reserves to enable the Trust to support the investment in sustainable servi$ and to support clients. The Policy will be reviewed every two years. alongside regular reviews of the risks facing the Trust. to ensure that appropriate Unrestricted Free Reserves exist or can be generated. The Finance, Performan and Risk Committee 15 spOnSible for regularly reviewing the general financial performance of the Trust. its Current and forecast Reserwes and Cash positions, monitoring income and expenditure against budget forecasts within the context of known risks and the annual and medium-term financial p13n. The committee reports tothe Board at every meeting and will alertthe Board to any concerns that it has in respect of these, together with any recommended actions arising from those concerns. This policy is subjett to regular review a5 the scale of the TrusY5 operations change. The Board of Trustees review the level of free reserves at each Board Meeting, and are Satisfied with their level a5 at 31 March 2024,. bearing in mind that, in addition to the free reserves and cash balance. the charity is also able to borrow funds against its property asset base. The balance sheet includes freehold and long leasehold properties at a net book value of £4.75m a5 at 31 March 202412023- £4.16ml. and secured borrowing5 of £134,({2023'. £146,01. These figures indicate the Tru5Vs asset strength and its ability to obtain additional cash funds. if needed. STRUCTURE, GOVERNANCE & MANAGEMENT The Nelson Trust is constituted as a company limited by guarantee IgiStered in England and Wale51. incorporated on 13 June 1996 and is govemed by its Memorandum and Artides of ASsociatic. The company is a registered charity and acts entirely as a non-profrt-making organisation. The registered company number is 03211815. The registered charity number is 1056672. There are no subsidiary undertakings. 14
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Structure and declsloTrmaking process The Goveming Body of The Nelson Trust is the Board of Trustees. This currently comprises twelve members and meets at least four times a year for Board meetings. one of which includes an "awav. day for strategic planning. Trustees can be appointed or re-appointed at a general meeting or by the Trustees subjert to the conditions set out in the Articles of Association. Typically, Trustees are appointed for a three-year term of office and. if eligible. may offer themselves for re-election up to a maximum of 3 terms of three years. The Trustees are a body ofvolunteers drawn from a wide range of levant areas ofexpertise. New Trustees are appointed, as required, by the Board with reference to these areas of relevant experience. On appointment, new Trustees are given an induction programme to familiarise themselve5 Wlth the work of The Trust and their role and responsibilities. and are introduced to Charity Commission guidance. This programme include5 meeting with existing Trustees and spending time with the Chief Executive Officer. Senior Managers and departmental team leader5. The Trustees are encouraged to attend relevant training courses. and these are regularly brought to their attention. Committees including Trustees and relevant senior managers meet to review specific issues such as estates strategy. finan and performance. muneration, and fundroi5ing with reports to the full Board as required. The Trustees as a Board have the decision-making authority in the following areas: Approval of the Strategic plan: Approval of Bu5ine55 Plans. Approval of Annual Budgets,. Appointment of key executNe staff,. and Authority for the Trust to enter into significant transartions involving the: Acquisition and disposal of property: Entering into loan or other borrowing agreements: Entering into significant contracts to deliver services: Application for capital and significant VenUe grants committing the Trust to buy property or provide services. A scheme of delegation 15 in place and day to day responsibility for the provision of the services rest with the Chief Executive Officer, along with the Senior Leadership Team I"SLf'}. The Chief Executive Officer is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The SLT have responsibility for the day to day operational management of the Trust. individual supervision of the staff teams and also ensuring that the team continue to develop their skills and working practices in line with good practice. The SLT meets at least once per month, depending on the business need. and carries operational responsibilities. The members of the SLT attend all Board meetings. The remuneration of the Chief Executive Officer is considered by the Remuneration Committee and is determined by the Trustees, with reference to comparable positions in non-profit or8anisations of a similar size and complexity. The salaries of other members of the SLT are determined by the Chief Executive Officer with reference to the Rernuneration Commsttee. Risk management The Board of Trustees is committed to protecting the safety and wellbeing of its staff, clients. volunteers, Visitors. the Trusvs assets and reputation. The Trust fa5 many risks which could prevent it from achieving its objectives. Risk is considered in its widest context and includes not only adverse events but also missed opportunities. Risk management is therefore an integral part of the deci5ion-making process adopted by the Board and the SLT in order to ensure the Trust meets its aims and objettives. 15
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Risk management (continued) In assessing our risks, it is important to acknowledge and address the inherent risks that may impact our harit¢s objectives. The nature of our contracts and grants and their short lifespan. regulatory changes and geopolitical instability could pose significant challenges to our financial stability and operational continuity. We recognise that these risks are dynamic. evolve over time and become more or less imminent, which requires us to remain aglle in our risk management approach. Addressing our risk demands a strategic approach, wgilant monitoring and proartive mitigation measures. ensuring robust risk management frameworks are in place to safeguard our assets, uphold regulatory compliance. and preserve integrity and trust. The Board of Trustees delegates responsibility to the SLT and other stsff for establishing systems, contro15 and procedures to eliminate or control significant risks. The Finance. Performance and Risk Committee IFPRCI is tasked with reviewing these procedures to ensure that the interests of the Board are protected. Issues relating to corporate governance remain the responsibility of the Board of Trustees and are overseen by the Company Secretary. A central risk register, which is populated with input from all areas of the Trust, is maintained, updated and reviewed regularly. The top risks are highlighted to the Board of Trustees. Risk management and the risk register are an agenda item at each FPRC and SLT meetings. The main risks identified and the mitigating responses to manage these risks include.. C4ttÉory Operaiiohal ¢ts)rtstsddresstsk Th¢ N¢bonTnJrtLl0p¢ornFhEnSr1¢im1deÉfftIO1nkqIry51rI 4rF¢ldhpartr$artarh1Ir¢r5.. IEPI ¥dspeclaNstittkn• sryead Sqcudty.fin4•I¥t•.pErfOrTmrftQ¢¢ •itrrtt • Econurric>uuLYqS • PolItklffts ttlu115wpthlEfuThJre • Ralelu5e pfi1ry5YrtIrt¢4d rnSiwef5'. Vn5LVES<OnbfKod invo1arIW•luef0rrnDlle¥ of a55ie1M externeXpEnsaS tEquvert ieportson impaEt mwitW$amt1(s and KPII. ThÈNtlsonTTuM¢0rsto hJldonitsrevrtatiDn inihE Norket for 5erytisèndvaluÈtormow. eWè8EsreEdarfyYth YthisKnolSEtw¢esrethd". ft5mi55ian arpU¥fOwAS,. cObteSlSt31lrwHnYDIUntary%eTknl¢e 4%i[stod¥•knpbE5t.yarticepartnerstrl mDnitor5andithieknsthe dwatiwoffWsThsaThJ xtrlYa¢tyn8trrrdtipteafwJrXe fIj%slmS..foIebryQrrXess.. P)rt501pactar mDnItrsEa¢IaTrJKPl AeserwsresliEe%testho)imnn11[lredbY roraliunal uth)Tisatyonolexr•ithLire.rawJKt¥thr r0cSe5alld1aP swThJ5". Ewe&andernwomntèl iDwo¥emÈrtsandE5Gaterth irttyandth5yedfL¥th Yebn5eta5 lorwope ry1ornrs.ECgetherthtrIt¢Pto1Tr[ttdCaQ1taIfv1.' rese5 rerortsFeEukrfyto thE Doèrdof Trustees. . ThptlSonTiu5ta. robj5lFLSry4Buth de¥dopmETht Fknirfw¢lthr%stsmurÈsthalsLWDItElle¢tNe ppthrt5P4rCb. 1w4rymeknw.rnreuuSI1ldsW¢tRo1IalIrftI0¢4te$. whheoard rAr5. (Tr)d¢Dwaro5è co.to51rE4rfodfOt operat1 metsJmar1ThW k¥jp)n$. flnarKknI rt5I1erKear4s51jdftalty. comOkgnce ¥eswhth¥efnodp4Va1&14tt4th• NrtCon5qnt¥4ftw•tÈ Wewat&r4LanEWotWrywdHeètthandSaf*tyLol5kntlon'. efft¢tK 16
THE NELSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Internal controls The Trustees confirm that intemal control procedures are in place to provide reasonable. but not absolute, assurance against material misstatement or loss. These procedures include.. a comprehensive system of annual budget5. which are approved by the Trustees, monthly financial performance reporting including monitoring of performance agalnst budget, monitoring of operational performance against targets, including Trustees taking an active interest in operational delivery and seeking feedback directly from the charitvs staff. and Trustees reviewing controls through discussion with management. Fundraising Statement Donor5 to The Nelson Trust can be assured that the charity complies with the Regulatory Standards for Fundraising. The charity is registered with the Fundraising Regulator and is committed to the Fundraising Promise and adherence to the Code of Fundraising Practice. This statement Covers the requirements that charlties must follow a5 Set out in the Charities Act 2016. It cost over £8.4 million to provide our charitable activities in 202312412022123: £7.8ml. We raised over £375.000 through fundraising events, activities and donations. Further information on our income 15 included in the notes to the finantial statements. Our Fundraising activities include a calendar of well attended and high-profile events. individual donations, major gifts, and grants. A small Fundraising team is employed by The Nelson Trust, and we are fortunate to benefit from the work of Volunteer Fundraising Committees. The charity does not Use external fundraisers. The Trust will only contart people who have expressed their specifit consent to receiving communications from us. and will not contact those who have wrthdrawn their consent. We are IS027001 accredited, and, as part of other processes to ensure that we keep data secure. quarterly internal audits are undertaken- within the scope of these is our compliance with the General Data Protection Regulations. As part of the compliance audits, we ensure thatwe art in accordan with people's consent. The Trusvs policy sets out that donations from vulnerable persons will not be accepted. No complaints have been received about fundraising attivity during the year and all fundraising activities have met the Fundraising Regulatorfs standords throughout the year. Going concern The Trustees have considered the going concern position of the charity. particularly having regard to the strength of the charity'5 asset base and consider thatthere are no material uncertainties about the chariV5 ability to continue as a going concern. The Trustees are mindful of the current UnrtaInty regarding futu levels of Govemment spending as a result of recent financial announcements and anticipation of future trends. Currently* it is not possible to predict the impact of any such reductions upon The Nelson Trust's future income, however the chariws income from both Local and Central Government sources is diverse in terms of both the commissioning departments and geographical location5. RELATIONSHIPS WITh CONNECTED PARTIES The charity has hod no financial transartions with connected parties wtth the exception of those transartions disc105ed in note 28. 17
THE NELSON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST STATEMENT OF TRUSTEES, RESPONSIBILrriES The Trustees (who are also dirertors of The Nelson Trust for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Pradice (United Kingdom Accounting Standards). Company law requires the Trustees to prepare financial Statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including the income and expenditure. of the charity company for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP: make judgements and e5timate5 that are reasonable and prudent- state whether applicable UK accounting standards have been followed. Subject to any material departures disclosed and explained in the financial ststements- and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charit5 transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the chariws constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. Insofar as each of the Trustees of the charity at the date of approval of this report is aware there is no relevant audit information (information needed by the charivs auditor in connection with preparing the audit report) of which the charivs auditor is unaware. Each Trustee has taken all of the steps that helshe should have taken as a Trustee in orijer to make himself/herself aware of any relevant audit information and to establish that the charitV5 auditor is aware of that information. AUDoRs The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the forthcoming Board of Trustees Meeting. The Trustees, Report was approved by the Board of Trustees. as the company directors and signed on the Board's behalf by.. Luthk o. Dame Janet Trotter Chair of the Board of Trustees The Nelson Trust Date: l&1 tbe[ 2 OILk 18
THE NELSON TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST Re ort of the Inde endent Auditorfs to the Members of The Nelson Trust Opinion We have audited the financial statements of The Nelson Trust Ithe'charrtsble company'l forthe year ended 31 March 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow ststement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, induding its income and expenditure. for the yearthen ended: have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Art 2006. Basis foi oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements sertion of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is s1clent and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial Statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respert to going concem are described in the relevant sections of this report. Other InfOatIOn The trustees are responsible for the other infomiation. The other infomiation cornprlses the information Included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and. except to the extent otherwise explicitly stated in our report. we do not express any form of assuran conclusion thereon. 19
THE NEL50N TRUST INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST In connettion with our audit of the financial statements. our responsibility 15 to read the other infomiation and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistenoe5 or apparent material mi5Statements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other inforrnation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 20( In our opinion. based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year forwhich the financial statements are prepared is consistent with the financial statements- and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees, Report. We have nothing to report in respert of the following matters where the Companies Art 26 requires us to report to you if. in our opinion: adequate accounting records have not been kept or return5 adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement wtth the accounting records and returns. or certain disclosures of tru5tees' remuneration specified by law are not made.. or we have not reiVed all the Information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law} are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charitable companv or to cease operations. or have no realistic alternative but to do so. Our responsibilities for the audlt of the financial Statements Our objertives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with 1SAs IUKI will always detert a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic deci5ion5 of users taken on the basis of these financial statement& 20
THE NELSON TRUST INDEPENDENT AUDITOWS REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST The extent to which our procedures are capable of detertinE irregularitie5, including fraud is detailed below: Based on our understanding of the charity and the provision of residential and community-based addiction treatment, we identified that the principal risks of non-compliance with laws and regulations related to Care Quality Commission. health and safety. food safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charitie5 Statement of Recommended Practice and Companie5 Act 2006. We evaluated management'5 incentives and opportunities for fraudulent manipulation of the financial statements lincludinE the risk of override of controls) and determined that the principal risks were related to revenue recognition, mana8ement override, and managernent bias in accounting estimates and judgemental areas of the financial statements such as the depreciation policy, valuation of debtors and accounting for multi year grants. Audit procedures performed by the audit engagement team included: discussions with management and Trustees. including consideration of known or su5perted instances of non-compliance with lav and regulations and fraud- understanding and rev¢ew of management's internal controls designed to prevent and detect irre8ularities. and fraud: review of the minutes of the Trustees meetings* designing audit procedures to incorporate unpredictability; performing analytical procedures to identify any unusual or unexpected relation5hip5 that might indicate risks of material rnisstatement due to fraud: review of the financial statements disclosures and testing to supporting documentation to a55e55 compliance with relevant law5 and regulations di5tussed above,. enquiring of the Trustees and third-party advisors about actual and potential Ittigation and claims: testing transactions entered into outside of the normal course of the charty's business- identifying and testing journal entrie5. in particular any journal entries with fraud characteristics such as journa15 Wtth round numbers: reviewing accounting estimates for management bias; and designing audit procedures over the timing of grant income. There are inherent limitations in the audit procedures described above and the further removed non- compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also. the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealrnent by. for example. forgery or intentional misrepresentations. or through collusion. A fvrther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Independent Auditorfs Report. 21
THE NELSON TRUST INDEPENDENT AUDITOWS REPORT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRusr Use of our report This report is made solely to the charitable companWs rnembers, as a ljody, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken 50 that we might State lo the ¢haritable company's members those matters we are requrred to state to ihem in an auditors. report and for no other purpose. To the fullest extent permstted by law. we do not accept or assume responsibility to anyone otherthan the charitabte company and the charitsble company's meMr5 as a bo(ty, forour audit work. for thi5 report, or for the opinions we have formed. Fiona Westwood (Senr StstutoryAudTtor} for and on behalf of suwrAuditro Limited stattsry Auditor Chartered Accourrtants Hermes House Fire Fly Avenue 5wlndon Wiltshire SN2 2GA 0.thkn 20 22
THE NELSON TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 2024 Total funds 2023 Total funds Unrestrirted Restricted funds funds Endowment funds Notes Income and Endowments from: Voluntary sources Donations and legacies 234.734 27,0(K) 261,734 446,043 Charitable activities Residential servIs Women's Community Services Hub Community Recovery 1.723.254 4,833,300 452,606 5,195 933.932 17.000 1,728,449 5.767,232 469.606 1,891,796 6,119,088 268,412 Other trading artivities Bank interest received 125,590 88,717 125.590 88,717 164,451 21,859 Total income and endowments 7,458,201 983.127 8.441,328 8,911,649 Expenditure on: Raising funds 2(M).063 200,063 188,177 Charitable activities Residential Services Women's Community Services Hub Community Recovery 1,929,570 4.132.511 590.309 1,929,570 5,876,893 621,846 1,796,247 5,573.303 475,922 1.744.382 31,537 Total expenditure 6,852,453 1,775.919 8,628.372 8,033,649 Net (lossesl/gains on investments 11,444) {1,444} 17.9541 Net incomel(expenditure) 605.748 (792.792) {IA44} 1188.488) 870,046 Reconciliation of funds: Transfers between funds Total funds brought forward 4,902,174 4.075,244 39,367 9.016.785 8,146.739 Total funds carried forward 24 5.507.922 3.282,452 37.923 8.828,297 9.016,785 The notes fonn part of these financial statements 23
THE NELSON TRUST (COMPANY NO. 032118151 BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 2024 2023 Notes FIXED ASSETS Tangible assets Investments 14 15 5.028,350 37.923 4,354,733 39,367 5,066,273 4,394.100 CURRENT ASS5 Stocks Debtors Cash at bank and in hand 16 17 1,211 1.736.501 3,416,026 1,211 2.520,770 4,152,486 5.153.738 6,674,467 CREDITORS Amounts falling due within one year 18 11,270,921} {1,918,0071 NET CURRENT ASS5 3.882,817 4.756,460 TOTAL ASSETS LESS CURRENT LIABIUTIES 8,949.090 9,150,560 CREDITORS Amounts falling due after more than one year 19 1120,793) 1133.775) NET ASSETS 8.828.297 9,016.785 FUNDS Unrestricted funds- General fund Designated Fund- Future property investment, futu spend on maintaining the condition of owned properties and strategic development ofthe charity Designated Fund - Fixed Assets Funds 24 756,893 1.007,3¢J) 843,428 1.059,460 3,743,729 2,999,286 5,507,922 4,902,174 Restricted funds 3,282.452 37.923 4,075,244 39.367 Endowment funds TOTAL FUNDS 8.828,297 9,016.785 The financial statements were approved by the Board of Trustees and authorised for issue on 01 November 2024 and were signed on its behalf by: J Trotter- Trustee The notes form part of these financial statements 24
THE NELSON TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 2024 2023 Note5 Cash flows from operating artivities Cash generated from operations Interest paid 77.307 {11,1751 1,616,303 19,4131 Net cash provided by operatin8 activities 66,132 1.606,890 Cash flow5 from investing artivities Purchase of tangible fixed assets Net cash used in investing artivities 1878,9661 11,475,758) {812.8341 (1,475,758) Cash flows from financlng artfvlties Loan repayments in year Bank interest and investment income {12.3431 88,717 {125.9761 21,859 Net cash used in financing activities 76,374 1104.1171 Change In cash and cash equivalents in the year (736.460) 27,015 Cash and cash equivalents at the start of the year 4,152,486 4.125.471 Cash and cash equNalents at the end of the year 3,416.026 4.152,486 The note5 form part of these financial statements 25
THE NELSON TRUST NOTESTO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST RECONCIUATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Lossllgainl on investments Interest paid Bank interest and investment income Ilncreasel/decrease in stocks Decreasellincreasel in debtors (Decrea5el/increase in creditors Net cash provided by operations 1188,488) 870,046 205,349 1.444 11,175 188,717} 154,255 7,954 9.413 121.8591 13741 {163,0221 759,890 1.616,303 784.269 1647,7251 77,307 ANALY51S OF CHANGES IN NET FUNDS At l April 2023 At 31 March 2024 Cash flow Net cash Cash at bank and in hand 4,152,486 4,152.486 (736,4601 {736.460) 3,416,026 3.416,026 Debt Debts falling due within l year Debts falling due after l year 112.262} 1133.775) 1146.0371 (6391 12,982 12,343 112,901} {120,793) 1133.6941 Total 4.006.449 {724.1171 3,282,332 26
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST CHARITY INFORMATION The Nelson Trust is incorporated in the United KinEdom as a company limited by guarantee with Companies House Ire8lStered number 03211815) and has no share capital. The liability of the charity's members is set out in note 2 below. The Nelson Trust is also re8lStered with the Charity Commission (registered number 1056672). The address of its registered office is Nelson House. Brimscombe Hill, Brimscombe. Stroud. Gloucestershire, GLS 2QP. ACCOUNTING POUCIES Basis of preparing the financlal statements The financial statements of the charttable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 50RP IFRS 1021 '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 IFRS 1021 (effective l January 20191,, 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. with the exception of investments which are included at market value. as modified by the revaluation of certain assets. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound. Going concern basis of accounting The Trustees assess whether the use of going concern in preparing the financial 5tatement5 is appropriate i.e. whether there are any material uncertainties related to events or conditions that mav cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charitvs ability to continue as a going concern. In making this assessment, the Trustees have reviewed the balance sheet, the likely future cash flows of the charity and have considered the funds available at this point in time. Llabllity of the members of the charity The membersof the charity undertaketo contribute such amount as may be required, up to £10 from each memberto the charity's assets in the event thatthe charity is wound up. Critical accounting judgements and key sources of e5tTmation uncertainty Preparation of the financial statements requires management to make significant judgernents and estimates. The items in the financial statements where material judgements and estimates have been made include- Useful economic live5 of tsngible fixed assets - Annual depreciation charges for the tangible fixed asset5 are sensitive to changes in their estimated useful economic lives and residual values. Useful economic lives and residual values are amended when necessary to reflect current estimates and the physical condition of the assets. Impairment of debtors - The charity makes an estimate of trade debtors and other debtors. When assessing the impairment of trade debtors and other debtors, management considers factors including the current credit rating of the debtor. the ageing profile and historical experience. Income recognition of multi-year grants of restrirted funds - The full value of multi-year Erants of restricted funds have been included in the year in which they are awarded where there are no substantive criteria which the charity believes prevents it from having entitlement to the funds. where receipt is deemed to be probable and where the amounts receivable can be clearly measured. 27
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST ACCOUNTING POLICIES - continued Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Donations are recognised when received unle55 amounts receivable can be determined with reasonable accuracy. Income within our Hub Community Recovery activities is recognised when it falls due. Income from grants lincluding government grants). where related to performance and specific deliverables. are accounted for as the charity earns the right to consideratn by it5 performance. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Expenditure Liabilities are recognised as expenditu as soon as there is a legal or constructive obligation committin£ the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Charitable activities include all costs directly relating to the objecttves of the charity including costs involved in supporting that work. Specifically- Residential SeNices costs include the staff. premises and infrastructure c05t5 for our residential treatment and resettlement properties. Client specrfic costs such as provision of food and the cost of delivering education, training and employment programmes are also included. Women's Community Services costs include the staff, premises and infrastructure costs for our women's centres in Gloucester, Swindon, Somerset, Bristol and Cardiff and Swansea. Hub Community Recovery costs include the staff, catering supplies, premises and infrastructure costs forthe Clean Plate in Gloucester, the Hub Maintains and the Hub Academy in Stroud. and the Sober Parrot in Cheltenham. Irrecoverable VAT is charged as a cost against the activity to which the associated expenditure relates. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property and long leasehold property Improvements to property Furniture. fittings and equipment Motor vehicles Computer equipment 2% on straight line basis in accordance with the property 25% on straight line basis 25% on straight line basis 33% on straight line basi5 28
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST ACCOUNTING POLICIES- continued Investments Investments are stated at market value at the balance sheet date. The Statement of Financial Activities {SOFA) includes the net gains and105ses arising on revaluations and disposals throughout the year. Debtors Trade debtors, other debtors and accrued income are recognised at the settlement amount due after any trade discount offered. Prepayments are valued atthe amount prepaid netof any trade discounts due. Cash and cash equivalents Cash 15 represented by cash in hand and bank deposits accessible wtthin 90 days, held at UK financial institutions. Creditors Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due. Flnanclal 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. Bank loans are measured at amortised cost. Investments are valued at market value as at the balance sheet date. Operatlng leases Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight-line basis over the term of the lease. Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowan for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable artNlties. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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 fund5 can only be vsed for particular restrirted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Permanent endowment funds are an investment in an investment fund which transferred to the charity in 2016. Only the income, not the capital. of this donation can be spent. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. 29
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST ACCOUNTING POLICIES- continued Pension costs and other post-retirement benefits The charity admits employees to a defined contribution scheme. Contributions to that scheme are charged to the statement of financial activitie5 as they become payable in accordance with the rules of the schemes. The charity does not operate a defined benefit scheme. Where an employee's salary is funded by Restricted Funds. that funding also covers the pension contribution for that employee. DONATIONS AND LEGACIES 2024 2023 Donations towardsthe establishment of our women's ntre in Bristol Donations towards the purchase of our women's centre in Swindon Donations 68,748 169,046 125,CKIO 151.997 192,986 261.743 446.043 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Residential Services Women's Community Services Hub Community Recovery Residential services Women's Community services Hub Community recovery. including capital grants 1.728,449 5,767,232 469,606 1.891.796 6.119,088 268,412 7,965,287 8,279,296 From l April 2023 Recovery Housing, which had previously been reported within Residential Treatment Services. became part of the Hub Opportunities model and is now reported within Hub Community Recovery. OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 125,590 164,451 RAISING FUNDS COSTS Raising donations and legacies 2024 2023 Staff costs Direct costs DepreCtIOn Support Costs (see note 8) 118.740 64.722 1.296 15.305 100.258 73.347 312 14,260 200,063 188,177
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST CHARITABLE AcllviTIES COSTS Other Dirert staff direct costs costs Total direct Costs Support costs {see note 8) 2024 Total 2023 Total Residential Services 512,462 1,386,497 1.898.959 30,611 1.929.570 1,796.247 Women's Community Services 866,727 4.765.280 5,632.007 244,886 5,876,893 5,573,303 Hub Community Recovery 282,971 323.570 6C6,541 15,305 621.846 475,922 1.662.160 6,475,347 8,137.507 2,802 8.428,309 7.845,472 Costs are allocated to operating activities by reference to fartors reflecting the underlying activity levels for financial, central management. HR, IT and business development costs. SUPPORT COSTS Analysis of support costs 2024 2023 IT and office costs Legal and professional costs including audit cost. recruitment and training Other costs. including marketin8 and website costs, membership of sector bodies and regulatory costs Financing costs 205.523 40,124 44,110 191,857 44,744 37,279 16.350 11,320 306,107 285,200 Governance costs included within the above total £47,51912023: £44.9171. NET INCOME/(EXPENDITURE) Net incomellexpenditurel is ststed after Chargin(CredItingl. 2024 2023 Auditors, remuneration Depreciation - owned assets Operating lease rentals - plant and machinery Operating lease rentals - land and buildings Bank loan interest payable Bank interest and investment income reiVed 17,000 205,349 13.542 125,771 11.175 188.7171 15,000 154,255 20,152 186,085 9,413 121,8591 31
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration orother benefrts for the year ended 31 March 2024 norfor the year ended 31 March 2023. Trustees, expenses There were no trustees, expense5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 5,345,519 437.250 318.805 4.886.430 417.014 276,404 6.101.574 5,579,848 Included within wages and salaries were total redundancy and temination costs of £8,00012023'. £10,541). These amounts relate to agreements made with employees to end employment contracts, of which £8,000 was outstanding at the year end. The average monthly number of employees duringthe year was as follows= 2024 2023 Residential & Women's Community Ser¥ices Support, including fundraising Hub Community Recovery 198 29 12 194 23 13 239 230 The number of employees whose employee benefits (excludin8 employer pension costs) exceeded £60,000 was". 2024 2023 £60,001- £70,000 £70.001- £80.000 In the year contributions of £34.980 12023: £34,980) were made in respect of the highest-paid employee into a personal defined contribution nsIOn arrangement. The average number of full-time equivalent employees l°FTE") analysed by funttion was: 2024 2023 Residential and Women's Community Services Support. including fundraising and business development Hub Community Recovery 167 26 170 21 202 200 Key management personnel The remuneration of the key management personnel (including gross pay, employers. national insurance and employers pension contributions} was £426,299 {2023: £394,975). Key management personnel are listed on page l of these financial statements and comprised an average of 5.7 full time equivalent employees in the year12023- 5.4 FTEI. 32
THE NELSON TRUST NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment funds funds funds Total funds Income and Endowments from: Donations and legacies 291.991 154,052 446,043 Charitable activities Residential Services Women's Community Services Hub Community Recovery 1.871,549 4,457,461 247.912 20,247 1,661.627 20,500 1.891,796 6,119.088 268.412 Other tradlng activitles Bank Interest Received 164,451 21,859 164,451 21.859 Total income and endowments 7.055.233 1.856,426 8,911,649 Expenditure on Raising funds 178.177 10,000 188,177 Charitable activities: Residential Service5 Women's Community Services Hub Community Recovery Total expenditure 1.784,785 4.461.169 438,930 11.462 1,112,134 36.992 1.796,247 5,573,303 475,922 6.863.061 1,170,S88 8,033,649 Net gains on investments {7.954} 17,954} Net incornellexpenditure) 192.162 685,838 17.9541 870,046 Reconciliation of funds Transfers between funds 990.CQO 3,720.012 (990,0(MJI 4.379.406 Total funds brought forward 47,321 8,146.739 Total funds carried forward 4.902.174 4,075,244 39,367 9,016,785 33
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 13. GOVERNMENT GRANTS Included within income are Government grants totalling £2,151.781 (2023: £1.320,8621 comprising.. 2024 2023 Police and Crime Commissioners {GIoU5tershIre, Wiltshire & Avon & Somersetl Local Government grants National Health Service grants Ministry of Justice 413,454 170.056 501,401 959,430 277.496 239.071 262.420 649,315 2.151,781 1.320,862 The Police and Crime Commissioners in Gloucestershire. Wiltshire and Avon & Somerset, South Wales and Gloucestershire Clinical Commissioning Group. have provided grants to deliver support services to women with multiple and complex needs. Thi5 group of clients includes street sex-working women and women who find it difficult to engage with statutory services because of rural isolation. The Police and Crime Commissioner in Avon & Somerset has provided a grant to assess a Whole System Approach to delivering support sep4ices to women with multiple and complex needs. The Police and Crime Commissionerfor Dyfed/Povrys has provided a capital 8rantforthe development of a women's centre in Carmarthen. Glouce5ter5hire County Council and Somerset County Council have provided grants to deliver support services to women with multiple and complex needs. Swindon Borough Council ha5 provided a grant to provide a sheltered accommodation in Swindon forwomen who have suffered domestic abuse. The Gloucestershire Clinical Commissioning Group and Avon and Wiltshire Mental Health Partnership have provided grantsto deliversupport service5 to women who are encountering Perinatal and Infant mental health problems. In both 2023/24 and 2022/23 the Ministry of Justice have provided a grant to fund core costs to enable us to sustain, improve and further develop existing quality support to women in contact with or at risk of encountering the criminal justice system. A grant was received from the Bristol City Council Resilience Fund to help finance the refurbishment of the Bristol women's centre. There are no unfulfilled conditions or other contingencies attaching to these grants and the charity has not directly benefited from any other forms of government a5515tance. 34
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 14. TANGIBLE FIXED ASSETS Freehold property and long Improvements leasehold to property property Furniture, fittin8S and equipment COST At l April 2023 Additions 4,346.560 704,940 681,905 349.870 55.570 At 31 March 2024 4,346,560 1,386.845 405.440 DEPRECIATION At l April 2023 Charge foryear 570.460 81.344 321,286 12.093 281,518 27,747 At 31 March 2024 651,804 333,379 309.265 NET BOOK VALUE At 31 March 2024 3,694,756 1,053,466 96.175 At 31 March 2023 3.776,100 383,654 68,352 Motor vehicles Computer equipment Tota15 COST At l April 2023 Additions 46,072 408.022 141.491 5.855,464 878,966 At 31 March 2024 46.072 549,513 6.734,430 DEPRECIATION At l April 2023 Charge for year 46,072 281,395 84,165 1,500,731 205,349 At 31 March 2024 46,072 365,560 1,706,080 NET BOOK VALUE At 31 March 2024 183,953 5.028,350 At 31 March 2023 126.627 4,354.733 Included in cost or valuation of land and buildings is freehold land of £490,00012023: £490,IXIOI which is not depreciated. 35
THE NELSON TRUST NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 15. FIXED ASSET INVE¥fMENTS MARKET VALUE At l April 2023 Revaluation5 39,367 11.4441 At 31 March 2024 37.923 NET BOOK VALUE At 31 March 2024 37,923 At 31 March 2023 39.367 There were no investment assets outside the UK. Investments are 36.637.49 units invested in the COIF Charities Property Fund {2023: 36,637.49). At 31 March 2024 unit bid price was 103.51 pence12023= 107.45 pence). The fund has been revalued to reflect this decrease. The investments are the assets that underlie the Pennanent Endowment Fund. During the yearended 31 March 2016 the Gloucestershire Probation olCer'S SamaritansTrust dosed and transferred the balance of its COIF account to the charity at nil cost. 16. STOCKS 2024 2023 Goods held for Resale- Food and Non-Alcoholic Beverages 1.211 1.211 17. DEBTORS 2024 2023 Amounts falling due within one year- Trade debtors Other debtors Prepayments and accrued income 891,572 460.549 384,380 1,067,028 725.009 379.495 1,736,501 2.171,532 Amounts falling due after more than one year- Other debtors 349,238 Aggregate amounts 1.736,501 2,520,770 36
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH Z024 THE NELSON TRUST 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 20) Trade creditors Social security and other taxes Other creditors Accruals and deferred income 12.901 88.598 106,772 111.043 951,607 12.262 137,051 95.278 102,933 1,570.483 1,270,921 1,918,007 Deferred income represents income received in advance of project delivery and totals £735,084 as at 31 March 202412023: £615.8891. 19. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 201 120.793 133,775 20. LOANS An analysis of the maturity of loans is given below- 2024 2023 Amounts falling due within one year on demand: Bank loans 12,901 12.262 Amounts falling between one and two years: Bank loans- 1-2 years 13,495 12,901 Amounts falling due between two and five years: Bank loans- 2-5 years 44.296 42,349 Amounts falling due in more than five years- Repayable by instslments.. Bank loans more 5 years by instalment 63,002 78.525 37
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 21. SECURED DEBTS The following secured debts are included within credttors= 2024 2023 Bank loans 133.694 146,037 During the yearthere was one bank loan (2023.. one). The loan is repayable with interest paid at a fixed rate. At 31 March 2024. the balance of the loan was £133,69412023= £146,037). The loan bears interest at 4.54% and is repayable by November 2032. As at 31 March 2024 the loan wa5 secured on l Brunswick Square. Gloucester. 22. LEASING AGREEMENTS At 31 March. the charity had the following total minimum lease payments under operating leases: Equipment Land and Buildings 2024 2024 2023 2023 Within one year Between one to five years In more than five years 10,958 15.801 8,729 10.928 140.521 235.318 90,020 23. ANALYSIS OF NET ASS5 BETWEEN FUNDS Unrestricted funds Restricted Endowment funds fund Total funds As at 31 March 2024: Fixed assets Investments Current assets Current liabilities Long term liabilities 3,877,423 1.150,927 5,028,350 37,923 5,153,738 (1,270.921) 1120.7931 37,923 3,022,213 (1,270,921) (120,793) 2,131,525 5,507.922 3,282.452 37,923 8.828,297 As at 31 March 2023: Fixed asset5 Investments Current assets Current liabilities Long term liabilities 3,176.769 1,177,964 4.354,733 39.367 6,674,467 (1,918,007) (133.775) 39,367 3,777.187 11,918,007) 1133.7751 2.897,280 4,902.174 4.075,244 39,367 9,016.785 38
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS At l April 2023 Net movement In funds At 31 March 2024 Unrestricted funds General fund Designated Fund- future property investment. maintenance and strategic development Designated Fund- Fixed Assets Funds 843,428 1.059.460 {86,5351 {52,1601 756.893 1.007,300 2.999.286 744,443 3,743,729 4.902.174 605,748 5,507.922 Restrlcted funds Women's Community Services Funding for the purchase and start up of our women's centre in Bridgewater Funding for the development of services and the establishment of a women's centre in Bristol Capital funding for the delivery of our Hub Community Recovery activities Residential services Funding forthe set up of our women's centre in Cardiff Core cost funding 1,742,588 {451,465} 1.291.123 157,030 13,5571 153.473 873.200 1242,116) 631.084 1,042.235 io.ooo 223.191 27.IXIO {24,9961 12,5001 (54,658} {13.5(KJl 1792,7921 1,017,239 7,500 168,533 13,500 4.075.244 3.282,452 Endowment funds Fund to finance trainin8 and hardship support to those in the criminal justice system TOTAL FUNDS 39.367 11,444) 37.923 9.016,785 (188,488) 8.828,297 39
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS- continued The movement in funds in the year ended 31 March 2024 were as follows- Incoming Resource5 resources expended Gain/Loss and transfers Movement in funds Unrestricted funds General fund Designated Fund future property investment, maintenance and strategic development Designated Fund- Fixed Assets Funds 7.458.201 16,852,453) 1692,2831 186,535) 152,160) 744,443 (52,1601 744.443 7,458,201 16.852.453) 605,748 Restrirted funds Women's Community Services Funding for the purchase and start up of our women's centre in Bridgewater Funding for the development of services and the establishment of a women's centre in Bristol Capital funding for the delivery of our Hub Community Recovery activities Residential services Funding for the set up of our women's centre in Cardiff Core cost funding 865,184 11.316.649) 1451.4651 (3.557} 13.5571 68.748 (310,8641 1242.1161 17.OTrJ 5.195 141,9961 {7,695} (24.9961 12.500) (54.658) (40.5001 154,6581 113,5001 27,0(K) 983.127 (1,775,919) 1792,792} Endowment fund5 Fund to finance training and hardship support to those in the criminal justice system. 11,4441 11.4441 11,444) (188,4881 TOTAL FUNDS 8,441,328 {8.628,372}
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS- continued Comparative5 for movement in funds At l April 2022 Net At 31 March 2023 movement In funds Unrestricted funds General fund Designated Fund - future property investment, maintenance and strategic development Designated Fund- Fixed A55ets Funds 2.163,704 11,320,276) 1.059.460 843,428 1,059,460 1.556.308 1,442.978 2,999,286 3.720,012 1.182,162 4.902.174 Restrirted funds Women's Community Services Funding for the purchase and start up of our women's centre in Bridgewater Funding for the development of services and the establishment of a women's centre in Bristol Capital funding for the delivery of our Hub Community Recovery activities Residential services Funding for the set up of our women's centre in Cardiff Core cost funding 1,125.766 616,822 1.742.588 160,340 {3,3101 157.030 1,764.614 1891,4141 873,200 1,041.391 14.000 273,295 1.042,235 10,000 223,191 27.000 14.0001 {50,1041 27.OlJO 4.379.406 (304.162) 4,075.244 Endowment funds Fund to finance training and hardship support to those in the criminal justice system 47,321 (7.954) 39,367 TOTAL FUNDS 8.146,739 870.046 9.016.785 41
THE NELSON TRUS[ NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS- continued The m¢)vement in funds in the year ended 31 March 2023 was a5 follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestrirted funds General fund Designated Fund future property investment, maintenance and strategic development Designated Fund - Fixed Assets Funds 7,055,223 (6,863.0611 11,540,575) (1,348,413) 1,059,460 1,059,460 1,471,115 1.471,115 7.055.223 (6,863,061) 99J,000 1.182,162 Restricted funds Women's Community Services Funding for the purchase and start up of our women's centre in Bridgewater Funding for the development of services and the establishment of a women's centre in Bristol Capital funding for the delivery of our Hub Community Recovery activities Residential services Funding for the set up of our women's centre in Cardiff Core cost funding 1,586,133 1839,3111 1125.0001 621,822 13,3101 13,310) 174,046 1195.460) {865.IyXJI 1886,4141 22,000 20,247 131.1561 (24.2471 {9,1561 (4,0001 {50,1041 127.QCK)} 150.1041 27,000 54,CN)O 1,856,426 (1,170,588) (990,(J)01 1304.1621 Endowment funds Fund to finance training and hardship support to those in the criminal justice system. TOTAL FUNDS 17,954) 17,954) 8.911.649 {8,033,649) 17,954} 870,046 Permanent Endowment Fund The purpose of the fund is to make small grants to individuals within the criminal justice system to offer relief from poverty. to help provide assistance with education and other charitable purposes. The charity maintains the capitsl of the fund and make grants from the investment income of the fund. The income that we receNe from the fijnd, and the grants that we make are accounted for within restricted funds. 42
THE NELSON TRusr NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS- continued Restricted funds Significant movements in individual funds during the year were: At l April 2023 Incoming Resources At 31 March resources expended 2024 Establishment of Bridgwater women's centre Development of our services to provide support to the women of Bristol and the establishment of our women's centre in Bristol Establishment of Cardiff women's centre- funded by Welsh Government Hinkley Point C Community Fund National Lottery Community Fund-RC South West Region -"Empowering Change Somerset" National Lottery Community Fund - RC South West Region "Sex Worker Outreach Project" Making a difference for children and young people-funded by BBC Children in Need Gloucestershire mentoring programme- funded by CHK Foundation Gloucestershire Change Tearn Project funded by Gloucestershire NHS Clinical Commissioning Group Core cost funding Capital Funding to enable the delivery of our Hub Community Recovery activities 157.030 873,200 13.557) 1306,8641 153,473 631,084 64.748 223.191 154.658) 168,533 121.191 182,437 149.2381 {115,5541 71,953 66,883 178.921 1106.5451 72,376 10.345 110.3451 37.500 47,403 {76.993) 7,910 70,OLXI 170,LKIOI 1300.COOI 120,3001 300.OCKg 997,454 1.017.754 The following work was performed during the year from grants and donations either received or receivable- Women's Communi Services Bristol Community Health CIC to enable vs to develop our services to provide support to the women of Bristol and establish a women's centre in Bristol. The Welsh Government to estabSish a women's centre in Cardiff. Hinkley Pointccommunity Fundto enable usto provide seNicesto increase thesafetyofwomen and girls in Somer5et. The National Lottery Communrty Fund "Women and Girls Initiative" to help fund the Promoting Change proErammes in Somerset. The National Lottery Community Fund and Gloucestershire County Council to improve the life chances of street-working women in Gloucestershire and Wiltshire. BBC Children in Need to fund support for young women at risk of sexual exploitation. The CHK Foundation to provide mentoring seNices in Gloucestershire. Gloucestershire NHS Clinical Commissioning Group to help fund the Promoting Change programmes in Gloucestershire. Ministry of Justice provided core cost funding to facilitate the improvement in the scope and range of services provided throughout the Women's Community Services. 43
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 24. MOVEMENT IN FUNDS- continued Hub Communi Recove Activities Stroud Distritt Council to help fund education. employment and volunteer programrnes for the benefit of the recovery community. Public Health England and Gloucestershire Environmental Trust to help fund our Hub Community Recovery activities. Designated Funds - Fixed Asset Funds The charity has significant investment in its buildings and other fixed assets. Ftxed assets have been funded from general reserves. and from borrowings. The cash expended on such assets is not available for expenditure on future charitable objectives. consequently the trustees have agreed that the amount of £3.743.729 should be designated towards the future depreciation costs of these assets. Transfers arise from fixed asset movements, including purchases, disposals and depreciation costs. Designated Funds- Future property investmenL property maintenance and strateglc development During 2023 the Trustees formally approved an additional designated fund towards future propertv investment, future spend on maintaining the condition of owned properties, and the strategic development of the char5 activities. At the year end the balance remaining is £1,007,300. 25. EMPLOYEE BENEFIT OBUGATIONS The charity operates a defined contribution pension scheme. The costs for the period was £318,805 12023: £276,404). Contributions totalling £33,24012023: £26,075) were outstanding at the balance sheet date. 26. CONTINGENT UABILITIES In 2018119 the charity received £172.CK)O of grant fundin8 towards the purchase of our Bridgwater women's centre which is potentially repayable if the centre is not operated a5 a women's centre until January 2029. The Trustees anticipate that the Bridgwater women's centre will be used a5 a women's centre until that date. In 2017118 the charity received £125.000 of grant funding towards the funding ofthe purchase and fit out of the Sober Parrot in Cheltenham, one of our Opportunity Hubs including within Hub Community Recovery activities. The grant was potentially repayable if the site was not operated as a Hub until May 2024. The site has been operated as a Hub up to the required date. In 2021122 the charity received £273.295 of grant fundingtowards the establishment of our Cardiff women's centre which is potentially repayable if the centre is not operated a5 a women's centre until March 2027. In April 2022 the charity leased a property to act as its women's centre in Cardiff under a five-year lease. The lease contains a break clause option. If the charity exercises that break clause option. then the time-apportioned amount of the grant funding, which is pro rata to the end of the five-year period would be repayable. The break clause was extended but has not been exercised. 27. CAPITAL COMMITMENTS There were no capital commitments at 31 March 2024.
THE NELSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE NELSON TRUST 28. RELATED PARTY DISCLOSURES The charity receives donations from related parties. In the year ended 31 March 2024 these amounted to under 1% of its total income12023= under 1% of total income). During the year, Somerset Community Foundation made a grant totalling £2,500 to the charity (2023: five grants E172,1991. One of our Trustees, Justin Sargent. is a member of the key management personnel of Somerset Community Foundation. Justin did not participate in the decision by Somerset Community Foundation to make these grants to the charity. During the yearBristol Community Health {'BCH'I. a Community Interest Company. made a donation to the charity. towards the establishment of tts women's centre in Bristol, of £68.748 following a decision made by BCH'S Board in March 2020 to distribute BCH'S reserves by donations12022123- £169.046). Two members of the Board of BCH. who served until July 2020. were connected to the charity. One of our Trustees, Rhona MacDonald. was a member of the BCH Board. Aileen Fraser, who is married to the charity's Chief Executive Officer. was also a member of the BCH Board. These relationships facilitated the introdurtion of the charlS senior leadership team to the BCH Board. The charity 15 not required to disclose any other related party transactions durin8 either the year ended 31 March 2024 orthe previous year. 29. FINANCIAL INsfRUMENTS The carrying value of the charity's financial assets and liabilities are summarised by cate80ry below: 2024 2023 Financial assets Measured at market value Investments 37.923 39,367 Measured at undiscounted amount receivable - Trade and other debtors and accrued income 1,736,501 2,250,770 Financial liabilities Measured at undiscounted amount payable Trade and other creditors Bank loans 1,258,020 133.964 1,905,745 146.037 1,391,714 2,051.782 45