Charity gIStratiOn number 1074S08 Company registration number 3614799 (England and Wales) NETHERTON FEELGOOD FACTORY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NETHERTON FEELGOOD FACTORY LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr W G Penney (Chair) Ms H Martin Mf J Ftynn Ms U Ingham Mr G Loughlin Mr M Buxton Ms L Cluskey Secretary Mrs S Duncan Chief Executive Mrs S Duncan Charity number 1074508 Company numbèr 3614799 Registered office Glovers Lane Netherton Liverpool Merseyside L30 5QW Independent examlner Helen Furlong FCCA McLintocks {NW) Limited 46 Hamilton Square Birkenhead Imrral Merseyside CH415AR Banker5 Natwest Bank PIC West Yorkshire Retail CSC 1 Ifictoria Place Holbeck Leeds LS115AN Insurern Ansvar Insurance Limited Ansvar House St Leonard's Road Eastbourne East Sussex BN213UR
NETHERTON FEELGOOD FACTORY CONTENTS Page Trustees. report Independent examinerfs report Statement of financial activilies Balance sheet Notes to the financial statements 9-23
NETHERTON FEELGOOD FACTORY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Trustees present thelr annual report and financial ststements for the year ended 31 March 2024. The financial statements have been prepared in accordan¢e with the accounting policies set out in note 1 to the financial statements and comply with the Chartty's Memorandum and Articles of Association the Companies Act 2006 and "Accounling and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectives and activities The objectives of the Netherton Feelgood Factory are to promots the heallh, education and quality of life of the public in the Metropolitan Borough of Sefton and surrounding areas. The organisation aims to enable people to improve their health and wellbeing by using a cmMunItY development approach to ill health prevention and health improvement. In setting our objectives and planning our activities, th8 trustees have given careful wnsideration to the Charity Commission's general guidance on public benefit. Priorities identified through consultation with the local community are- lo improve access to health, social care and related information and services to encourage healthi8r lif8styles to provide services and activities to support isolated older people to provide services and activities to support isolated families The Feelgood FactoVs strategy lo achieve these objectives has been by rneans of a variety of activities and servlces held both within the purpose-built healthy living ¢entr8 and as oulrea¢h services In the widar community. The Charity has continued to lease office space to other organisations and hire rooms and facilities on a day or half day basis. Achlevements and perfomianco The Fe81good Factory provides seNices for the whole of the community from Childhood to old age in ordar to promote health and wellbeing in Iha most holistic way possible. During the year. our range of services has included- Advice and infomiation services. Healthy living 8Ctivities for the whole community that concentrate on physical exer¢lses and food and nutrition. Breast feeding support and support for parents facing stress and depression. Mental health activities including a drop-in to support people with more severe and enduring m8ntal health issues and programmes to promote good mental health. Community seTvi¢es project which provide5 a range of practical services lo help older people stay safe and well both by providing support in their own horne and through activities in the centre. Acommunity garden Cornmunity Hub The Feelgood Factory continued to provide the main infomiation and advice service in the centre of Netherton. Our centre and its staff have provided key information about local and national services and health and wellbeing to local people. The advice centr8 and community hub are placed within a community lounge that is open to all local people giving access to somewhere to meet in the warmth in winter (which helped to reduce energy bills) as well as access to amenities such as Wi-Fi, printers and wmputers. The hub has also been active providing food parcels and frozen meals for people in need working in partnership with local stores and Liverpool Football Club.
NETHERTON FEELGOOD FACTORY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Healthy Living Activities We have provided a range of activities aimed at promoting health and wellbeing. These have included exercise classes such as Zumba, Pilates, Line Dancing and Aerobics as well as a general health programme and a variety of food and nutrition programmes. Brest Feeding Support This programme trains volunteers to act as peer mentors for tocal mothers who wish to breastfeed. It also runs support group5. Overa51 the programme helps to promote the health of mothers and babi8s and provides educatlon about the wider benefits of breastfeading. We have continued to develop programmes aimed at helping parents with their mental wellbeir)g. Mental Health Projects The Drop-ln for people with more severe and enduring mental health problems, has continued to operale Il¢e weekly in Netherton and Linacre. We have also conlinu8d to provide more general wellbeing support sessions, in particular Think Differently, Cop8 Differently and Bereavement Support, and soma on8-tO-one support sessions. Our programme to support people axperiencing loneliness has also continued to grow and now includes a range of groups and activities including the Good Afternoon Social, Crafting, Creative Writing, Music and Feelgood Learning. Computer Fa¢ilitie$ Thanks to a grant from the UK Shared Prosperity Fund Digitsl Connectivity in Comrnunity Facilitie5 Grants Programme we were able to update and expand our community computers in the Community Hub and also set up a computer suite. There were 3,448 attendancas al programmes aimed at improving physical health through exercise and nutrilion which is a 480/0 increase on the previous year. There ware 2,392 attendances al sesslons to promote mental wellbeing and alleviate loneliness which is a 21 increase on the previous year. Children and Families As a result of the work of the Community Hub, we have continued to provide programmes for families, both as after school clubs and as holiday Glubs. This work has evolved in particular into support for families with children who have diagnoses of autism orADHD. During the year there were 188 attendances at Ihese programm8s which is an increase of 188%. Nelherton Community Garden The Netherton Community Garden has developed very well and continued to produce food for the community as well as some social interaction for volunt88rs. Funding from th8 National Lottery Rea¢hing Communities Fund has provided some security for the future. We have also continued to provide practical help for people in the community. In particular we= Undertook over 932 shops for vulnerable people Undertook gardening work for 292 gardens for vulnerable people Distributed 5,000 frozen meals to families in need Donated Christmas Dinner hampers to 60 families Donated 30 essential food hampers Provided Christmas gifts to 28 families The Feelgood Factory continues to dep&nd for the achievemenl of its objecllv8s upon support of a range of partner organisation5 and upon the hard work of its staff and volunteers.
NETHERTON FEELGOOD FACTORY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal revlew We worked throughout the year to improv8 our ffinancial position in lina with our five-year plan. It was difficult due to staff changes which put pressure on fundraising activities but the situation was better al the end of the year although there 15 Still some dislance to go. The pressures to constantly raise more money is also led by the increased demands on our services. In tenns of earnad income the charity shop and associated online sales (largely due to a dedicated volunteer workforce) have gone from strength to strength. Earned income from room hires and rentals have also increased through the year. The plan is underway to improve facilities to increase extemal hiring of rooms, parlicularly out of hours. We have continued to put into action our Business Plan. This i5s overseen by three operational groups made up of trustses. staff and volunteers. The groups work to bring about targets associated with Business and Fundraising, Marketing and Communications and Volunteer Developm8nt and Managemenl. As at 31 March 2024. the Charity had reseNes of £461.379 (2023: £528.540). Included wiihin these reserves are £84.185 (2023 £81,144) of restricted funds (see note 20) and £138,011 (2023.. £101,686) of designated funds (see note 21). Included within unrestricted reserves are fixed assets totalling £356,737 (2023.. £423,569). These funds can only be realised upon sale of these assets. The Charsty had free reserves of £nil (2023: £nill. Reserves Pollcy It is the policy of the Charity that unrestricted funds which have not been designated for a specrfic use should be maintained at a level equlvalent to beeen three and six month's expenditure. The truslees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to Continue the Charity's Current activlties while consideration is given to ways in which additional fijnds may be raised. This level of reseNes has been maintalned throughout the year. Investment Pollcy and Returns Trustees make all decisions about investments and Ceive regular financial reports from the Finance Su Committae d8tailing the financial position of the organisatlon. Risk Identlflcatlon and Management The Board have identified the main areas of risk as the costs attached to running and maintaining the building. The risks have been minimised through monitoring the exient of depend8nc8 on particular donors. The Board has a wide range of fvnding sources to minimise dependence on any one source. A 59t of financial regulations exists which specify the cheque signatories and their delegated authority leve15. Two signatories, one of whom must be a board member. must sign each cheque. A Jmputer1Sed financial management system is fully operational and a system to maintain the highest Standard5 of financial management is in place. Disclosure of informatlon for financial inspection Each of the directors has confirmed that there is no inforrnation of whlch they are aware which is relevant to the inspection. but of which the indèpendent examiner is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to eslablish that the examiners ara awara of such information. Structure, govemance and management The Charity is a charitabl8 company limited by guarantee and not having a share capital. The company is registered in England and Wales, No.. 3614799. The principal governing docum8nt is the company Memorandum and Articles of Association. The Charity is registered with the Charity Commission, No: 1074508.
NETHERTON FEELGOOD FACTORY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trust88s. who ar8 also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements we. Mr W G Penney (Chair} Ms H Martin Mr J Flynn Mr L P James Ms U Ingham Mr G Loughlin Ms M McEllenborough Ms L M G18nn Mr M Buxton Ms L Cluskey Mr D Cummins (Resigned 28 May 2024) (Resigned 9 October 2023) (Resigned 11 March 20241 (Resigned 11 March 20241 The Charity is a charitable Company limiled by guarantee and not having a share capital. The company is registered in England and Wales, No 3614799. The principal governing document is the company Mernorandum and Articles of Association. The charity is registered with the Charity Commissioners, Number 1074508. Th8 charity is governed by its Board of Directors who, as Trustees of Ihe charity, ar8 responsible for setting the strategic direction of the organisation and for establishing policy. The Board meets monthly and delegates day-to- day management lo the Chief Executive. Sandra Duncan, who leads a slaff team with specific areas of responsibility. Written financial and progress reports are provided in advance of Board Meetings. There is Finance Sub Committee that has delegated authority and written terms of reference. Trustees are nominated and elected by Feglgood Factory Members. New Trustees are inducted into their new role by way of fomialised infomialion about the role of a truslee and about the Feelgood Factory. A membership register Is held by the Company Se¢retsry. Ona third of Trustees will normally retire each year and are eligible for re-election at the Annual General Meeting. At the 31st March 2024 there were 22 members. Employees The organisalion had 13 membars of staff at 31 March 2024. The Trustees, report was approved by the Board of Trustees. Mr W G Penney (Chairl Trustee l) Ljif 30 September 2024
NETHERTON FEELGOOD FACTORY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NETHERTON FEELGOOD FACTORY I report to the Trustees on my 8xamination of the financial statements of Netherton Feelgood Factory (the Charity) for the year ended 31 March 2024. Respon$ibllltl8s and basis of raport As the Trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of th8 financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied mysèlf that the financlal statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are 81igible for indepandenl examination, I report in respect of my examination of the Charity's financial slatements carried out under sectlon 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the 8pplicable Directions given by the Charity Commission under section 145(51(bl of the 2011 Act. Independent examinefs statomont Since the Charity's gross income exceeded £250,000 your examiner must b8 a rnember of a body listed in section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member of [ENTER IN DATABASE cy10151, which is on8 of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination glving me cause to beli8V8 that in any materlal respect: accounting records were not kapt in respect of the Charity as required by 8ection 386 of the 2006 Act. or the financial statements do not accord with those records" or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts giv8 a true and fair view which is not a matter considered as parl of an independènt examination. or the financial slatements have not b8en prepared in accordance with the method5 and principles of the Statement of Recommended Practlce for aCUnting and reporting by charities applicable to Charities preparlng Ih8ir accounts in acrdanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a prop8r under8tsnding of the financial ststements to be reached. trl Helen Furlong FCCA McLinto¢ks (NWI Limited 46 Hamitton Square Birkenhead Wirral Merseyside CH416AR Dated: So: q :.u
NETHERTON FEELGOOD FACTORY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted Unrestricted Rastrlctod funds funds funds general designated 2024 2024 Total Total 2024 2024 2023 Notes Income from: Donaiions and legacies Charitable activities Other trading activities Investments 83.243 34,720 25,316 17,526 16.135 276,905 809 99,378 311,625 26,125 17,526 99,421 230,831 14,373 12,313 Total Income 160,805 293,849 454,654 356,938 ndilure on: Raising funds 5,732 5,732 3,822 Charitable activities 269,669 246,414 516,083 507,320 Total expendltura 275,401 246,414 521.815 511,142 Net (outyoing)lincoming resources before transfers (114,596) 47,435 (67,161) (154,204) Gross transfers beeen funds 15 8.039 36,325 (44,364) Net (expenditure)lincome for the yearl Net movement in funds {106.557) 36,325 3,071 (67,161) (154,204) Fund balances at 1 April 2023 345.740 101.686 81.114 528,540 682,744 Fund balances at 31 March 2024 239,183 138,011 84,185 481,379 528,540 The ststement of financial activities includes all gains and losses re¢ognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Compani8s Act 2006.
NETHERTON FEELGOOD FACTORY STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prfor flnancial year Unrostricted Unrestrlcted Restrlcted funds funds funds general designated 2023 2023 Total 2023 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 59.053 1,551 14,373 12,313 40,368 229,280 99,421 230,831 14,373 12,313 Total Income 87,290 269,648 356,938 Ex enditure on: Raising funds 3,502 320 3,822 Charitable activities 259,525 247,795 507.320 Total expenditure 263,027 248,115 511,142 Nat (outgoing)lincoming r8sourc•s before transfers (175,737) 21,533 (154,204) Gross transfers beeen funds 15 45,779 227 146.006) Net (expendlture)fincome for the yearl Net movement In funds (129,958) 227 (24,473) (154,204) Fund balances at 1 April 2022 475,698 101,459 105,587 682.744 Fund balances at 31 March 2023 345,740 101,e86 81,114 528,540
NETHERTON FEELGOOD FACTORY BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 16 356,737 423,569 Cuffent assets Debtors Cash at bank and in hand 17 65,800 68.935 82,990 93.719 134,735 176,709 Credilors: amounts falling due within one year 18 (30.093) (71,738) Net current assets 104,642 104,971 Total assets less current Ilabilities 461,379 528,540 Income funds Restrictad funds Unrestricted funds - gen8ral 21 84,185 239.183 81.114 345.740 461,379 528,540 The company is entitled to the 8X8mption from the audit requirement contained in section 477 of tha Companies Aci 2006, for Ihe year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slatemenls. The members have not required the company to obtain an audit of its financial statement5 for the year In question in a¢¢ordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustee5 on 30 September 2024 Mrw G Penney (Chair) Trustee Company registration number 3614799
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollclgs Charlty Inforniation Netherton Feelgood Factory is a private wmpany limited by guarantee incorporated in England and Wales. The registered office 1$ Glovers Lane, Netherton. Liverpool, Merseyside, L30 5QW. 1.1 Accounting conventlon The financlal stat8ments have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" (°FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The Charity 18 a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial ststements are ppared in sterling, which is the functional currency of the Charity. Monetary amounts in these flnancial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accountlng policies adopted are set out below. 1.2 Going concorn These financial statements ara prepared on the going concern basis. The Trustees hava a r8asonable expectstion that the Charity will continue in operational existence for the foreseeable future, however, Ihe Trustees are aware of certain materlal UnrtaIntieS whlch may cause doubt on the charity's ability to continue as a going concern. 1.3 Charltable funds Unrestricted funds are avallable for use at the discretion of the Trustees in furtheranGe of their charitable objectives. Deslgnated ndS comprise unrestricted fvnds that have been sel aside by the Trustees for a particular purpose. The aim and use of each of designated fund Is set out in the notes to the financial statements. Restricted funds are are fund5 which are to be used in accordancA with specific restrictions imposed by donors or which have be8n raised by the charity for particular purposes. The purposes and uses of each restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recogni$8d when the Charlty is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies IContinuad} Income from donations and grants, including Capital grants, is included in incoming r8sources when these are receivable, except as follows.. When the donors spe¢lfy that donations and grants given to the Charity must be used in fLrture accounting periods, the income is deferred until those periods, When donors impose conditions which have to be fulfilled before the charity becomes entitled to Such income, the income is deferred and not included in incoming resources until the preconditions for use have been met. When donors specify that donalions and grants. including capital grants, are for restricted purposes, which do not amount to preconditions regarding entitlement. this income is included in incoming resources of the restricted funds when received. Voluntary income included discretionary grants for projects, g¢)ods and seNices where no service agreement or contract exists. other grants, which have particular service requirements and which are provided in accordance with a ¢ontrad or service lev81 agr88ment are included in the Statement of Financial Activities under the heading Income Resources for Charitable Activities. Interest is included when received by the Charity. Legacies ar8 recognised on receipt or otherwise rf the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure reflects all amounts paid and accrued during the year. Expenditure includes VAT which cannot be recovered, and is reported as part of the expenditure to which it relates. All costs are allocat8d betW8en the expenditure categories of the Statement of Financial Activities (SOFA) on a basis designed to refled the us6 of the resource. Where costs cannot be directty attributed to particular headings they are allocated to activities on a basis consistent with the use of the resource. Charitable expendilure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and thos8 Costs of an indirect nature necessary io support them. 1.6 Tangible fixod assets Tangible fixed assels costing more than £1.000 are capitalised at cost. The cost of tangible fixed ass&ts includes only expenditure incurred in bringing the asset into working condition for their intended use. Depreciation is provided to write each ass8t off over its expected useful life using the following rates and methods: Leasehold land and buildings Building equipm8nt Fixtures, fittings & equipment Computers 4 /0 on Cost 150/0 on cost Belmeen 15%-30 1ty on cost Between 33Q/o-50Yo on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset, and is recognised in the stalement of financial activilies. 10-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.7 Impaimient of fixed assèts At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaim)ent loss. If any such indication exists. the recoverable arnount of the asset is estimated in order to detennine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilittes. 1.9 Flnancial instruments The Charity has èlected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Oth8r Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instwments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of tha instrument. Financial assets and Ilabilities are offset. with the net amounts presented in the financlal statements, when there is a legally enforceabl8 right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneousty. Basic financlal assets Basi¢ financial assets, whi¢h include d8btors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cosl using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of inleresl. Finan¢i818ssets classified as receivable within one year are not amortisad. Baslc flnancial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction pri¢e unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments diswunted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. Using the effective interest rat8 method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amunts payable ar8 classified as current liabilities if payment is due within on8 year or less. If not. they are presented as non-cJJrrent liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. DeronitIon of financial liabilities Financial liabilities a derecognised vthen the Charity's contracbjal obligations expir8 or ar8 discharged or cancelled. 1.10 Taxatlon The Charity benefits from varlous exemptions from taxation afforded by tsx legislation and is not liable to corporation tax on income and gains falling within those exemptions. The Charity is not able to recover Value Added Tax. Exp8nditure is recorded in the financial statements inclusive of VAT. 11
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollcles (Contlnued) 1.11 Employee benefits The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to temiinate the employment of an employee orto provide termination benefits. 1.12 Retlrement benofits Payments to defined contribution retirement ban8fit schemes are Charged as an expense as they fall due. Critical accounting estimates and Judgements In the application of the Charity's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities thal are not readily apparent from other sources. The estimates and associaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both curr8nt and future periods. 12-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Restrlcted funds funds general 2024 Total Unrestricted Reslrieted funds funds general 2023 Total 2024 2024 2023 2023 Donations and gifts Legacies receivabl8 Grants receivable 62.894 7,179 13,170 2,075 64.969 7.179 27.230 38,993 500 19.560 565 39.558 500 59,363 14.060 39.803 83,243 16,135 99,378 59,053 40,368 99,421 Grants recelvable for core activities Natural England The Big Lottery Sefton CVS Liverpool CVS Sefton MBC Eleanor Rathbone Charitable Trust Cash for Kids 4.999 10,000 18,099 4.999 10,000 37,659 4.900 1.500 5,020 14,060 18.960 1.500 5.020 19.560 1.705 1.705 5,000 5,000 1.750 1.750 13,170 14,060 27.230 19,560 39,803 59,363 13-
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NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other Iradlng actlvities Unrestricted Restrlcted funds funds 2024 2024 T**1 Unrestrictod Restricted funds funds 2023 2023 Total 2024 2023 Fundraising events 25.316 809 26,125 14,373 14,373 Incorne from investments Unrestrlcted Unreslricted funds funds 2024 2023 Rental income 17,526 12,313 Expenditure on raising funds Unrastricted Restrlctsd funds funds 2024 2024 Total Unrèstrlcted Restricted funds funds 2023 2023 Total 2024 2023 Fundralslng and publicity other fundraising costs Support costs 2,323 3.409 2,323 3.409 712 2,790 320 1,032 2.790 5.732 5.732 3,502 320 3,822 15-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activStles Public Education Quallty of Heafth and Benefbt Life Wellbeing 2024 2024 2024 Total 2024 Total 2023 2024 Staff costs Premises and other costs Office costs 101,116 3.298 159,456 263,870 258,725 53,850 13,541 10,176 19 6.491 134 37,404 11,337 107,921 25,031 104,762 13,372 168,507 13.493 6,625 208,197 396,822 376,859 Grant funding of activities (see note 91 15.200 Share of support Costs (see note 101 Share of governance costs (see note 10) 97,288 4.688 2,467 10,281 114,724 110,335 4,537 4,537 4,926 270,332 18.181 9,092 218,478 518,083 507,320 Analys18 by fund Unrestricted funds - general Restricted funds 221,287 49,045 18.181 9,092 21,109 197,369 269,669 246,414 259,525 247,795 270.332 18,181 9.092 218,478 516,083 507,320 16-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles (Conlinuad) For the year ended 31 March 2023 Public Education Quality of Health and Beneflt Life Wellbèlng Total 2023 Staff costs Premises and other costs Office costs 82,156 53,800 11,894 4.556 4,470 85 172,013 44,152 1.303 258,725 104,762 13,372 2,340 90 147,850 9,111 2,430 217,468 376,859 Grant fijnding of a¢tlvltles (see note 9) 15,200 15,200 Share of support costs (se8 note 10) Share of govemance costs (see note 10) 93.434 4,926 4.544 2.392 9,965 110,335 4,926 246.210 13,655 4,822 242,633 507,320 Analysis by fund Unrestricted funds - general R8stricted funds 217,502 28,708 13,655 4,822 23,546 219,087 259,525 247,795 246,210 13,655 4,822 242.633 507,320 Grants payabla Grants payable of £15,200 in 2023 relate to the distribution of the Neighbourhood Wami Space grant to other local charities. 17-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs Support Goveman¢e costs costs 2024 Support Governan¢e costs costs 2023 Staff costs Depreciation 41.125 76,479 41,125 76.479 39,862 73,264 39,862 73,264 AGcountanGy Legal and professional 3.900 637 3.900 637 3.900 1.026 3,900 1,026 117.604 4.537 122,141 113,126 4,926 118,052 Analys8d b8lween Fundraising Charitable activities 3.409 114,725 3,409 119,262 2,790 110,335 2,790 115,261 4,537 4,926 118.134 4.537 122,671 113.125 4,926 118,051 CEO'S salary is allocated following an assessment of the time spent in monitoring and supervising front line staff and for running activities herself. Depreciation is allocated to Public Benefit as all activities are funded from rastricted funds. Thè majority of govemance costs are allocated to Public Benefft as all other activities are funded by restricted fvnds with the exception of subscriptions which are allocated based on which acttvity incurs the cost. Governance costs include payments to the Independent Examiner of £3,900 (2023:£3,900) 11 Net movement in funds 2024 2023 The net movement in funds is stated aft8r chargingl(crediting)- Depreciation of owned tangible fixed assets 76,479 73,264 12 Trustees None of the Twsleès (or any persons connect8d wsth them) received any remuneration or benefits from the Charity during the year. 13 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Charitable activities Administration 13 11 Total 14 18
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other penslon costs 276.567 17,809 10.619 270,507 17,345 10,735 304,995 298,587 There were no employees whose annual remuneration was more than £60,000. Remunoration of key managom•ni personnel The remuneration of key management personn81 was as follows: 2024 2023 Aggregate compensation 41.125 36,092 14 Taxation The charity is exempl from tsxation on its actÈvities because all its incotne is applied for charitable purposes. 1 S Transfers Transfers relate to a proportion of the overhead costs charged to the individual projects (see note 21). During the year, the redundancy reserve was increased to reflert staff changes during the year ( sea note 22). 19-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Tangible fixed assets Loasehold land and buildings Buildlng equlpment FlxbJre8, fthings & oquipmonl CoMputgrJ Total Cost At 1 April 2023 Additions 1,831,596 90,172 31,363 26,034 1,979.165 9,647 9.647 At 31 March 2024 1,831,596 90,172 31,363 35,681 1,988,812 Depreciallon and Impalrment At 1 April 2023 Depreciation charged in the year 1,408,027 73,264 90,172 31,363 26,034 1,555.596 3,215 76.479 At 31 March 2024 1.481,291 90.172 31,363 29,249 1,632,075 Carrying amount At 31 March 2024 350.305 6,432 356,737 At 31 March 2023 423,569 423.569 During the year part of the leasehold propety was rented out by the Charity to other charitable organisations. The fair value of this Component part of the propety cannot be reliably measured without due Cost to Ihe Charity. 17 Debtors 2024 2023 Amounts falling due withln one year: Trade debtors Prepayments and accrued income 59,953 5,847 77,344 5,646 65,800 82,990 18 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and soci81 security Deferred incorne Trade creditors Other creditors A¢cruals and deferred income 5,061 5.374 61,345 9,454 1,665 3,900 19 21,106 (330) 4,256 30,093 71,738 -20-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Deferred Income Deferred income is included in the financial stat8ments as follows: 2024 2023 Deferred income is included within: Current liabilities 51,345 Movements in the year: D8f8rr8d income at 1 April 2023 Released from previous periods Resources deferred in the year 51,345 (51,3451 51,345 Deferred income at 31 March 2024 51.345 20 Retirement beneflt schemes 2024 2023 Deflned Contributlon schemes Charge to profit or loss in respect of defined contribution schemes 10,619 10,735 The Charity operates a dafined contribution pension scheme for all qualifying employees. The assets of the stheme are held separately from those of the Charity in an independently administered fund. 21 Restricted funds The $trICted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incomlng Resources resources expended Transfers Al 31 March 2024 Healihy Living Centre Community Garden Projects Breaslfeeding Support Sefton The Drop In Otherfijnds 21.441 14,405 28,172 12,203 4,893 177,130 52,923 40.000 23,160 636 {151.997} (49.044} (23,984) (20,753) (636) (27,929) 11,000) (12,191) 11,053) 12,191) 18.645 17,284 31,997 13.557 2,702 81,114 293,849 (246,414) (44,364) 84.185 21
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restrlct¢d funds (Continued) Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Healthy Living Centre Community Garden Projects Breastfeeding Support Sefton The Drop In Other funds 50,547 17,967 28,192 10,881 174.765 22,267 40,563 21,740 10,313 (167.865) {25,829) {28,583> {20,418) {5,420) {36,006) 21,441 14,405 28,172 12,203 4,893 (10,000) 105,587 269.648 {248,115) (46,006) 81.114 The Healthy Living Centre project provides a wide range of activities to improve health and wellbeing. The Breastfeeding Sefton project is for peer-led support for mothers and mothers-to-be to encourage and enable breastfeeding throughout Sefton. 22 Designatsd funds - These are unrestricted funds which are material to the Charity's activtties. At 1 April 2023 Transfers At 31 March 2024 Redundancy Reserve Maintenance Fund 87,286 14,400 16,325 20,000 103,611 34,400 101,686 36,325 138.011 Provious year: At 1 April 2022 Transfors At 31 March 2023 Redundancy Reserve Maintenance Fund 87,059 14,400 227 87,286 14,400 101,459 227 101,686 The Redundancy Reserve has been designated to cover the costs of redundancy payments should the organisation cease to Dperate. The Maintenance Fund has been designated to Cover the ongoing regular but infrequent Costs associated with the maintenance of the building. -22-
NETHERTON FEELGOOD FACTORY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysis of net assets betrween funds Unmstrictsd funds 2024 Material funds 2024 Restricted fvnd8 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 356,737 (117.554) 356,737 104,642 138.011 84,185 239,183 138,011 84,185 461,379 Unrestricted funds 2023 Material funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) 423,569 (Tl,829) 423,569 104,971 101,686 81,114 345,740 101,686 81.114 528,540 24 Operating lease ¢ommitments Lessee At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Beeen two and five years 2,474 3,081 2,474 5.554 5,555 8,028 25 Related party transactions There were no dis¢losable related party transactions during the year (2023- non8). -23-