#
##
##
|Administrative|Information
for the period ended 31 March 2023.||3|
|---|---|---|---|
|Directors Report for the year ended 31 March 2023..|||.4|
|Independent|Auditors'
Report to the Trustees to The Renewal Trust for the|period||
|ended 31 March 2023.|||.19|
|Consolidated|Statement of Financial Activities (Incorporating
the Income and|||
|Expenditure|Account) for the year ended 31 March 2023|||
|Consolidated|Statement ofFinancial
Activities (Incorporating
the Income and|||
|Expenditure|Account) forthe year ended 31 March 2023||25|
|Parent Charitable
Company
Statement
ofFinancial
Activities (Incorporating||the||
|Income and|Expenditure
Account) forthe year ended 31 March 2023...................||....26|
|Parent Charitable
Company
Statement of Financial Activities (Incorporating||the||
|Income and|Expenditure
Account) forthe year ended 31 March 2023...................||....27|
|Consolidated|Balance Shee at 31 March 2023||.28|
|Parent Charitable
Company
Balance Sheet at 31 March 2023.|||.29|
|Consolidated|Cashflow Statement
for the year ended 31 March 2023 ...............................30|||
|Notes to the|consolidated
financial statements
forthe year ended 31 March|2023|............31|
##
|Directors||LAyoola|(resigned|21 December 2022)|
|---|---|---|---|---|
|||L Davidson|||
|||C Hanies|||
|||N Khan|(resigned|6 December 2022)|
|||D Liversidge|||
|||A Maqsood|(resigned|9June 2023)|
|||M Shannon|(appointed|8 December 2021)|
|||P Spring|(resigned|29June 2022)|
|||BWallace|||
|||P Wight|||
|Chief Executive Officer||C Underwood|||
|Chairman||D Liversidge|||
|Registered|Office|27 —31 Carlton Road|||
|||Sneinton|||
|||Nottingham|||
|||Nottingha mshire|||
|||NG3 2DG|||
|Auditors||Rogers Spencer Limited|||
|||Newstead|House||
|||Pelham
Road|||
|||Nottingham|||
|||NG5 1AP|||
##
##
|Reference|and A|dministrative
Detail|s|||
|---|---|---|---|---|---|
|Registered|charity|name||The Renewal Trust||
|Charity registration||number||1077450||
|Company|registration
number|||03345194||
|Registered|office|||Carlton Road Business
27 —31 Carlton Road|Centre|
|||||Nottingham
NG3 2DG||
|The trustees who||served the company|during the year were as||follows:|
|L Ayoola (resigned||21 December 2022)||A Maqsood (resigned|9June 2023)|
|L Davidson||||M Shannon||
|C Harries||||P Spring (resigned 29|June 2022)|
|N Khan (resigned||6 December 2022)||BWallace||
|D Liversidge||||P Wright||
|Chief Executive Ofricer||||Cheny Underwood||
|Chairman||||D Liversidge||
|Bankers||||National Westminster|Bank Pic|
|||||Nottingham
Smiths Bank Branch||
|||||16South Parade||
|||||Nottingham
NG1 2JX||
|Solicitors||||Wrigleys Solicitors LLP||
|||||19Cookridge Street||
|||||Leeds LS2 3AG||
|Auditors||||Rogers Spencer Limited||
|||||Chartered
Accountants||
|||||Newstead
House||
|||||Pelham
Road||
|||||Nottingham
NG5 1AP||
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|Network||||Number ofmeetings|
|---|---|---|---|---|
|The Renewal Trust Network||Event —National|Ice Centre|1|
|Area 6 Children|and Young|People Network|||
|More in Common|Network||||
|South Hardship|Network|||3|
|Area 6 Health and Wellbeing||Network||i6|
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|Organisation||
|---|---|
|Heya Nottingham||
|ACNA||
|Greenway
Centre||
|BAC-IN CIC||
|Gramaphones|Theatre Company|
|Greenheart||
|Matthew 25:40||
|Literacy Volunteers||
|St Christopher's|Church|
|Sneinton C ofE||
|BANCA||
||Purpose ofGrant||
|---|---|---|
|i|Nottingham
Ramadan||
||Social gatherings||
||Christmas
party||
||Art/Crafts
sessions||
||Circus classes||
||Stay and play gardening|group|
||Basketball sessions||
||Story sessions||
||Christmas
fair||
||Equipment
for families||
||Social eating sessions||
##
|4.St Ann's Allotments||||
|---|---|---|---|
|New Tenants|||65|
|New allotment
applications|||55|
|Waiting
list|||220|
|Starter Plots let|||20|
|Plot Clearances|||69|
|Percentage ofwating
list applicants
and volunteer
enquiries
from the local St Ann's community|||68%|
|Number of|volunteers
worked|with|||81|
|---|---|---|---|---|---|
|Number of|community
organisations/groups||worked|with|18|
|5.Business|Centres|||||
|Number of|Business Centres|||||
|Number of|offices services||||53|
|Number of|tenants
retained||||28|
|Percentage|oftenants who were charities||supporting|the local|57%|
|community|and beyond|||||
##
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##
##
##
##
##
|or the year ended|31 Ma|rch 20|23||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|Current Financial Year||Notes|Funds
6|Funds
6|2023
E|2022
6|
|Income and endowments|from:||||||
|Donations
and legacies|||||||
|Charitable
activities:|||||||
|Operation
ofThe Renewal|Trust|4|276,639|299,141|575,780|678,147|
|Other trading
activities|||411,082|100,075|511,157|460,544|
|Investment
income|||22||22|23|
|Total income|||687 743|399216|1 D86959|1,138714|
|Expenditure
on:|||||||
|Raising funds:
Property
management|||201,584|57,427|259,011|205,510|
|Charitable
activities:|||||||
|Operation
ofThe Renewal|Trust|8|484,179|371,453|855632|781,284|
|Total expenditure|||685763|428,880|1,114,643|986,794|
|Net income/(expenditure)|||||||
|before investment|||||||
|gains/(losses)|||1,980|(29,664)|(27,684)|151,920|
|Transfers
between
funds||19/20|14,471|(14,471)|||
|Net income/(expenditure)|||16,451|(44,135)|(27,684)|151,920|
|Net gains/(losses)
on
investments||21|69,000||69,000|141,000|
|Actuarial
gain/(loss)
on defined|||||||
|benefit pension Scheme||18|485,000||485,000|95,000|
|Net movement
in funds|||576,451|~44,135|526.316|387,920|
|Total funds brought forward at
1st April 2022|||255,931|44,135|300,066|(87,854)|
|Total funds carried forward at|||||||
|31st March 2023|||826,382||826382|300066|
##
##
|||||Unrestricted|Restdcted|Total|Total|
|---|---|---|---|---|---|---|---|
|Prior Financial Year|||Notes|Fundsf|Funds
6|2022
8|2021
6|
|Income and endowments||from:||||||
|Donations
and legacies|||27|||||
|Charitable
activities:||||||||
|Operation
ofThe Renewal||Trust|28|337,061|341,086|678,147|754,077|
|Other trading
activities|||29|436,777|23,767|450,544|348,314|
|Investment
income|||30|23||23|20|
|Total income||||773,861|364,853|1,138,714|1,102,411|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Property management|||31|197,808|7,702|205,510|150,384|
|Charitable
activities:||||||||
|Operation
ofThe Renewal||Trust|32|543,345|237,939|781,284|784,637|
|Total expenditure||||741,153|245,641|986,794|935,021|
|Net income/(expenditure)||before||||||
|investment
gains/(losses)||||32,708|119,212|151,920|167,390|
|Transfers between
funds|||33|75,077|(75,077)|||
|Net income/(expenditure)||||107,785|44,135|151,920|167,390|
|Net gains/(losses)
on investments
Actuarial
gain/(loss)
on defined|||33|141,000||141,000|(21,000)|
|benefit pension Scheme|||33|95,000||95,000|(222,000)|
|Net movement
in funds||||343,785|44,135|387,920|(75,610)|
|Total funds brought forward||at 1st||||||
|April 2021
Prior Period Adjustment|-Defined|||(87,854)||(87,854)|342,756|
|Benefit Pension|||||||~355,000|
|As restated||||(87,854)||(87,854)|(12,244)|
|Total funds carried forward at||||||||
|31stMarch 2022||||255,931|44,135|300.066|~87,854|
##
##
##
|or the year ended|31|Marc|h 202|3||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|Current Financial Year||||Funds|Funds|2023|2022|
||||Notes|8|K||E|
|Income and endowments|from:|||||||
|Donations
and legacies||||||||
|Charitable
activities:||||||||
|Operation
ofThe Renewal|Trust||4|276,639|299,141|575,780|775,920|
|Other trading
activities|||5|101,275|5,944|107,219|102,144|
|Investment
income||||22||22|23|
|Total income||||377,936|305,085|683021|878D87|
|Expenditure
on:||||||||
|Raising funds:
Property management||||89,307|37,285|126,592|86,897|
|Charitable
activities:||||||||
|Operation
ofThe Renewal|Trust|||314,496|297,464|611,960|585,462|
|Total expenditure||||403 8D3|334,749|738,552|672,359|
|Net income/(expenditure)
transfers|before|||(25,867)|(29,664)|(55,531)|205,728|
|Transfers
between
Funds|||19/20|14471|~14474|||
|Net income/(expenditure)
year|for the|||~77,396|~44,735|~55,537|205,728|
|Other recognised
gains and||||||||
|losses||||||||
|Actuarial
gain/(loss)
on defined
benefit pension scheme|||18|485,000||485,000|95,000|
|Net movement
in funds||||473,604|(44,135)|429,469|300,728|
|Total funds brought forward at
April 2022||1"||(127,301)|126770|(531)|301,259|
|Total funds carried forward
31stMarch 2023||at||346,303|82,635|428,938|~531|
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|Prior Financial Year|||Funds|Funds|2022|2021|
|||Notes|E|E|K|6|
|Income and endowments|from:||||||
|Donations
and legacies||27|||||
|Charitable
activities:|||||||
|Operation ofThe Renewal|Trust|28|434,834|341,086|775,920|754,077|
|Other trading
activities||29|99,253|2,891|102,144|39,824|
|Investment
income||30|23||23|16,020|
|Total income|||534 11D|343977,|878,087|809,921|
|Expenditure
on:|||||||
|Raising funds:|||||||
|Property
management||31|85,813|1,084|86,897|68,008|
|Charitable
activities:|||||||
|Operation
ofThe Renewal|Trust|32|361,781|223,681|585,462|582,894|
|Total expenditure|||447,594|224,765|672,359|650,902|
|Net income/(expenditure)|before||||||
|transfers
Transfers
between
Funds||33|86,516
77,027|119,212
205,728
~77027,||159,019|
|Net income/(expenditure)|for the||||||
|year|||163,543|42.185|2D6,728|1581119|
|Other recognised
gains and|||||||
|losses|||||||
|Actuarial
gain/(loss)
on defined|||||||
|benefit pension scheme||33|95,000||95000|~222,000|
|Net movement
in funds|||258,543|42,185|300,728|(62,981)|
|Total funds
brought
forward
Aoril 2021|at 1"||(385,844)|84,585|(301,259)|116,722|
|Prior period adjustment —defined||||||~355 DDD|
|As restated|||(385,844)|84,585|(301,259)|(238,278)|
|Total funds carried forward at
31st INarch 2022|||~127,301|126,77D ~531||~301,259|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|6|6|
|Fixed assets:|||||||
|Tangible assets
Investments||||12
13|46,962
630,000|49,049
538,000|
||||||676,962|587,049|
|Current assets:|||||||
|Debtors||||14|134,536|103,558|
|Cash at bank and|in|hand|||629,207|709,415|
||||||763,743|812,973|
|Creditors: amounts||falling due within one year||15|~402, 023|~446,456|
|Net current assets/(liabilities)|||||360,920|366,517|
|Total assets less|current liabilities||||1,037,882|953,566|
|Provisions for liabilities||||17|~757,500|~134,500|
|Total net assets/(liabilities)|||||880,382|819,066|
|Defined benefit pension|||liability||(54,000)|(519,000)|
|Net assets|||||826,382|300,066|
|The funds ofthe
Restricted funds|charity|||19||44,135|
|Unrestricted
funds||||20|353,882|(147,569)|
|Revaluation
reserve||||21|472,5DD|40350D|
|Total charity funds|||||026 302|300,D66|
##
##
##
##
##
|at 31 March 2|0|23|
||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Notes||6|
|Fixed assets:|||||||
|Tangible assets||||12|10,535|22,849|
|Investments||||13|1|1|
||||||10,536|22,850|
|Current assets:|||||||
|Debtors
Cash at bank and|in hand|||14|295,985
374,386|161,541
506,433|
||||||670,371|667,974|
|Current
Liabilities:
Creditors: amounts||falling due within one year||15|~197.969|~172.355|
|Net current assetsl||(liabilities)|||472,402|495,619|
|Total assets less|current liabilities||||482,938|518,469|
|Defined benefit pension|||liability|18|(54,000)|(519,000)|
|Net assets f(liabilities)|||||428,838|~534|
|The funds ofthe|charity||||||
|Restricted funds
Unrestricted
funds||||19
20|82,635
346,393|126,770
~127,361|
|Total charity funds|||||429,938|~631|
##
##
##
|or the year ended 31 March|20|23||||
|---|---|---|---|---|---|
|||||2023
6|2022s|
|Cashflows
from operating
activities
Cash generated
from operations||||64,227|213,420|
|Net cash inflow/(oufflow)
from operating|activities|||(64,227)|213,420|
|Investing
activities||||||
|Payments
to acquire tangible assets||||(23,255)|(4,943)|
|Disposal oftangible assets
Interest received||||7,252
22|23|
|Net cash used in investing
activities||||(15,981)|(4,920)|
|Net Increase/(decrease
in cash and cash equivalents||||(80,208)|208,500|
|Cash and cash equivalents
at 1 April 2022||||709,415|500915|
|Cash and cash equivalents
at 31 March||2023||629 207|709,415|
|Reconciliation ofoperating
surplus to net cash outflow
from operating
activities||||2023
5|2022
5|
|Operating
(deficit)/surplus
Depreciation
oftangible assets
Difference between
pension charge and
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors
Increase/(decrease)
in deferred
income|cash contributions|||(27,706)
18,089
485,000
(30,977)
(482,577)
~26,056|151,897
10,087
95,000
47,842
(93,071)
1,665|
|Net cash inflow/(outflow)
from operating||activities||64,227|213,420|
|Analysis of net debt||1|April
2022|Gashflow|31 March
2023|
|Cash at bank and
in hand||7119415||~80208|629,207|
##
##
##
##
##
##
##
##
##
##
##
##
|or the year ended 31 Marc|or the year ended 31 Marc|h 2023||||
|---|---|---|---|---|---|
|3Donations
and legacies||||||
|(Group only)||Unrestricted|Restricted|2023|2022|
|||P|g|6|6|
|Donations||||||
|(Parent Only)||Unrestricted|Restricted
6|2023
8|2022
6|
|Donations||||||
|4Charitable|activities: Operation ofThe Renewal Trust|||||
|(Group only)||Unrestricted|Restricted|2023|2022|
|||6|6|6|6|
|Nottingham
City Council
Other Grant Income||234,222
42,417|168,904
130,237|403,126
172,654|461,615
216,532|
|||278,639|299,141|575,780|678,147|
|(Parent only)||Unrestricted
2|Restricted
5|2023
6|2022
6|
|Nottingham
City Council
Other Grant Income||234,222
42,417|168,904
130,237|403,126
172,654|461,615
314,305|
|||278,639|299,141|575 780|775,920|
|5Other trading activities||||||
|(Group only)||Unrestricted|Restricted|2023|2022|
|||6|6|5||
|Rent
DBSchecks
Other earned|income|349,348
6,315
15,461|5,941|349,348
6,315
21,402|275,888
6,569
111,427|
|Grants||39953|94,134|134992|66,660|
|||411,082|100,075|511,157|460,544|
|(Parent Only)||Unrestricted
6|Restricted
6|2023
6|2022|
|Rent
DBSchecks
Other earned|income|91,549
6,315
3411
101275|5944
5944|91,549
6,315
II 355
ID7 219|57,655
6,569
37,920
ID2 144|
##
##
|6Investment
income||||||
|---|---|---|---|---|---|
|(Group and Parent)||||||
|||Unrestricted
6|Restrictedf|2023
8|2022|
|Bank interest||22||22|23|
|||22||22||
|(Parent only)||Unrestricted|Restricted|2023|2022|
|||8|6|8|8|
|Bank Intertest||22||22|23|
|||22||22|23|
|7 Raising funds||||||
|(Group only)||Unrestricted|Restricted|2023|2022|
|||6||8|8|
|Property management|and other|||||
|trading activities:||||||
|Property
management
DBSChecks||196,638
4,946|57,427|254,065
4,946|201,235
4275|
|||201,584|57,427|259,011|205,510|
|(Parent only)||Unrestricted|Restricted|2023|2022|
|||8|6||8|
|Property
management|and other|||||
|trading activities:||||||
|Property
management
DBSChecks||84,361
4,946|37,285|121,646
4,946|82,622
4,275|
|||89,307|37,285|126,592|86897|
|8 Charitable
activities||||||
|(Group only)||Unrestricted|Restricted|2023|2022|
|||6|6|||
|Programmes
and activities
Other Community
Funding
Staff Costs
Community
Grants
Admin costs
Advertising
& Publicity
Governance
Costs
(note 9)||8
294,672
8,975
87,892
3,949
75,683|60,665
129,090
143,482
2,290
29,641
6,285|60,673
129,090
438,154
11,265
117,533
3,949
81,968|44,015
168,035
396,309
4,125
82,849
3,613
70,338|
|Pension scheme interest||13,000||13,000|12,000|
|||484,179|371453|855 632|781,284|
##
##
|8Charitable
activities (continued)l
(Parent only)|Unrestricted
8|Restricted
E|2023
8|2022|
|---|---|---|---|---|
|Programmes
and activities
Other Community
Funding
Staff Costs
Community
Grants
Admin costs
Advertising
&Publicity
Governance
Costs
(note 9)|8
163,676
8,975
72,578
3,949
52,310|60,665
129,090
99,473
2,290
5,946|60,673
129,090
263,149
11,265
78,524
3,949
52,310|44.015
168,035
239,858
4,125
60,840
3,613
52,976|
|Pension scheme interest|13,000||13,000|12,000|
||314,496|297,464|611,960|585,462|
|9Governance
Costs|||||
|(Group only)|Unrestricted
E|Restricted
K|2023
6|2022
6|
|Board: Admin Costs|40||40|310|
|Staff Costs
Audit and Accountancy
Legal|19,809
26,001
29,833|6,285|19,809
26,001
36,118|18,941
21,013
30,074|
||75,683|6,285|81,968|70,338|
|(Parent only)|Unrestricted
6|Restricted
K|2023
8|2022
8|
|Board: Admin Costs|40||40|310|
|Staff Costs|19,809||19,809|18,941|
|Audit &Accountancy
Legal|12,941
19520
52,310||12,941
1Q 520
52,310|9,824
23,901
52,976|
|10Net Incoming I(Outgoing) Resources for the year|||||
|This is stated after charging:|||||
||||2023|2022|
|Auditors'
remuneration:|||E|6|
|-audit ofthe financial statements|||10,000|8,000|
|-other services|||||
||||10,000|8,000|
|11Staff Costs and Emoluments|||||
|Total Stalf costs were as follows:|||||
||||2023|2022|
||||8|E|
|Wages and Salaries
Social Security Costs
Pension Costs|||237,647
11,746
19,042|213,495
15,108
19,525|
||||268,435|248,128|
|Particulars
ofemployees:|||||
|The average number of employees|during the year was|as follows|2023|2022|
|Number ofstaff —full time equivalent|||15|15|
##
##
##
|The remuneration
ofkey management|personnel
is as follows:|||
|---|---|---|---|
|||2023f|2022f|
|Aggregate
compensation||137,498|170,542|
|12Tangible Fixed Assets||||
||Fixtures,|||
||Fittings 8|Motor||
|(Group only)
Cost|Equipmentf|Vehiclesf|Total|
|At 1 April 2022
Additions
Dispcsals
At 31 March 2023|128,672
17,425
~26996
119,101|5,829
5829|128,672
23,254
~6.9M
124,930|
|Depreciation||||
|At 1 April 2022
Charge for the year
Dispcssls|79,623
16,632
~79.744|1,457|79,623
18,089
~79.744|
|At 31 March 2023|76511|1 457|77,968|
|Nst BookValue||||
|At 31 March 2023|42,590|4,372|46,962|
|At 31 March 2022|49,049||49,049|
||Fixtures,|||
||Fittings &|Motor||
|(Parent only)|Equipmentf|Vehiclesf|Totalf|
|Cost||||
|At 1 Apdil 2022|45,831||45,831|
|Additions
Dispcsals|3,718
~29,996||3,718
~26996|
|At 31 March 2023|22,553||22 553|
|Depreciation||||
|At 1 April 2022|22,982||22,982|
|Charge forthe year
Disposals|8,780
~79744||8,780
~79744|
|At 31 March 2023|12,018||12018|
|Nst Book Value||||
|At 31 March 2023|10,535||10535|
|At 31 March 2022|22,849||22,849|
##
##
##
|13Investments
(Grouponly)||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||R||
|Investment
property
Market value at 1 April 2022||||538,000|350,000|
|Disposal||||||
|Revaluation||||92,000|188,000|
|Market value at 31 March 2023||||630,000|538,000|
|Historical cost at 31 March 2023||||137 50D|137,50D|
|During 2023 a valuation
of
carried out by independent|the investment
professional||property, 3 Hawksworth
valuers. The market value|Street, St Ann's,
Nottingham
was
ofthe property was indicated at||
|M30,000which has been|reflected|in the financial statements.||||
##
|
30,000which has been reflected
in t
(Grouponly)|he financial stat|ements.|||
|---|---|---|---|---|
||||2023|2022|
|Investment
in subsidiaries|||||
|Market value at 1 April 2022|||||
|Market value at 31 March 2023|||||
|Historical cost at 31 March 2023|||||
|(Parent only)|||2023|2022|
||||6||
|Investment
in subsidiaries|||||
|Market value at 1 April 2022|||50,003|50,003|
|Provision against subsidiary|||50 DD2|50,002|
|Market value at 31 March 2023|||||
|Historical cost at 31 March 2023|||||
|14Debtors|||||
||Group
2023|Group
2022|Charity
2023|Charity
2022|
||2|k|9||
|Trade debtors|106,445|92,829|112,245|20,491|
|Prepayments|13,163|7,854|5,289|3,700|
|Amounts
owed from group undertaking
Other debtors|14923|2,875|179,395
~944|138,596
~1246|
||134,536|103,558|295,985|161541|
##
##
##
|Notes to the consolidated
financial
for the year ended 31 March 2023|Notes to the consolidated
financial
for the year ended 31 March 2023|Notes to the consolidated
financial
for the year ended 31 March 2023|Notes to the consolidated
financial
for the year ended 31 March 2023|Notes to the consolidated
financial
for the year ended 31 March 2023|state|ments|||
|---|---|---|---|---|---|---|---|---|
|18Post-employment
benefits continued|||||||||
|The amounts
recognised||are as follows:|||||2023|2022|
|Present value offunded|obligations||||||731,000|1,181,000|
|Fair Value of plan assets|||||||(677,000)|(662,000)|
|Net Liability|||||||54,000|519,000|
|The amounts
recognised||in profit or|loss are||as follows:||2023|2022|
||||||||6||
|Current service cost|||||||25,000|33,000|
|Net interest expense|||||||13,000|12,000|
|Total|||||||38,000|45,000|
|The amounts
recognised||in other comprehensive||||income are as follows:
2023||2022|
|||||||||6|
|Actuarial
gains and losses|||||||485,000|95,000|
|Changes
in the present||value ofthe||defined|benefit obligation are as follows:
2023|||2022|
||||||||E|6|
|At 1 April 2022|||||||1,181,000|1,200,000|
|Current service cost|||||||25,000|33,000|
|Interest expense|||||||30,000|24,000|
|Change
in demographic||assumptions|||||(51,000)||
|Experience loss I(gain)|on defined benefit obligation||||||32,000||
|Change
in financial
assumptions|||||||(470,000)|(57,000)|
|Estimated
benefits paid|net of transfers|||in|||(20,000)|(24,000)|
|Contributions
by scheme||participants|and other||employers||4,000|5,000|
|As at 31 March 2023|||||||731,000|1,181,000|
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E||
|As at 1 April 2022||||||662,000|612,000|
|Interest on assets||||||17,000|12,000|
|Return on assets less interest||||||(31,000)|38,000|
|Other actuarial|gains I(losses)|||||27,000||
|Contributions|by employer|including|unfunded|||18,000|19,000|
|Contributions|by scheme participants|||||4,000|5,000|
|Estimated
benefits paid plus unfunded||||net oftransfers|in|(20,000)|(24,000)|
|As at 31 March 2023||||||677,000|662,000|
|The major categories of plan assets||||as a percentage||oftotal plan assets are as|follows:|
|||||||2023|2022|
|||||||0/|'%%d|
|Equities||||||58|60|
|Gilts||||||||
|Other bonds||||||||
|Property||||||12|13|
|Cash||||||||
|Inflation-linked|pooled fund|||||||
|Infrastructure||||||||
|Total||||||100|100|
|The fair values|of plan assets were|||as follows:||||
|||||||2023|2022|
|Equities||||||396,000|402,000|
|Gilts||||||14,000|19,000|
|Other bonds||||||40,000|45,000|
|Property||||||80,000|85,000|
|Cash||||||35,000|37,000|
|Inflation-linked|pooled fund|||||34,000|35,000|
|Infrastructure||||||53,000|39,000|
|||||||25,000||
|Total||||||677,000|662,000|
##
##
|ervice liabilities, estimated
Post retirement
mortality|to|be 26|years.|||||
|---|---|---|---|---|---|---|---|
||||||31 March 2023|31 March|2022|
|Base table|||||S3PA||53PA|
|Multiplier
(M/F)|||||115%/ 110%|110%/|105%|
|Future improvements
model|||||CMI 2021|CMI|2018|
|Long-term
rate of improvement|||||1.25% p.a.|1.25% p.a.||
|Smoothing
parameter|||||||8|
|Initial addition
parameter|||||0.0% p.a|0.5% p.a.||
|2021 weight parameter|||||||0%|
|Life expectancy from 65(years)|||||31 March 2023|31 March|2022|
||Males||||20.7||22.0|
|Retiring today|Females||||23.5||24.5|
||Males||||22.0||23.4|
|Retiring
in 20 years|Females||||25.0||26.0|
|Financial assumptions|||31 March 2023||31 March 2022|31 March|2021|
|||||p.a.|p.a.||p.a.|
|Discount rate|||4.80%||2.60%||2.00%|
|pension
increases (Cpl)|||2|90%|320%||2.80%|
|Salary increases|||3.90%||4.20%||380%|
|Past service costs||||||||
|Past service costs arise as|a|result of introduction||or withdrawal
of, or changes to, member benefits.||||
|For example, an award of additional
discretionary
benefits toa member such as added
member
would be considered
a past service cost.We are not aware of any additional|||||||years by a
benefits which|
|were granted
over the year|ending 31 March 2023.|||||||
##
##
##
##
##
|19Net Movement
in R|estricted Fun|ds|||||
|---|---|---|---|---|---|---|
|(Group only)|||||Other||
|Sport projects
Community
Activities
Pocket Parks
Nottingham
together
New Roots
ABG|Opening
Balancef
34,063
10,072|Incoming
Resourcesf
18,380
129,355
94,134
157,347|Resources
Expendedf
(136)
(133,128)
(34,063)
(10,072)
(94,134)
157,347|Transferf
(18,244)
3,773|Gains &
Lossesf|Closing
balancef|
||44,135|399,216|428,880|14,471|||
|(Parent only)|||||Other||
|Sport projects
Community
Activities
Pocket Parks
Nottingham
together
ABG
HLG|Opening
Balancef
34,063
10,072
82,635|Incoming
Resourcesf
18,380
129,355
157,350|Resources
Expended
Z
(136)
(133,128)
(34,063)
(10,072)
(157,350)|Transferf
(18,244)
3,773|Gains &
Lossesf|Closing
balancef
82,635|
||126,770|305,085|334,749|14,471||82,635|
##
##
##
##
##
##
##
##
##
|0 Net Ilovement
in Unrestric|ted
Funds|||||||
|---|---|---|---|---|---|---|---|
|(Group only)|Opening
Balance
8|Incoming
Resources
6|Resources
Expended|Transfer
8||Other
Gains 8
Losses
6|Closing
Balance
6|
|Unrestricted
Funds||||||||
|General Funds
General Funds|(244,568)|687,743|(685,763)||42,035|485,000|284,447|
|Designated
Funds
Redundancy
Provision|71,149||||(1,714)||69,435|
|Sycamore
Long Term
Maintenance|25,850||||25850|||
||147,569|687,743|685,763||14,471|485.000|383,882|
|(Parent only)|Opening
balance
6|Incoming
Resources
8|Resources
expended
6|Transfer
8||Other
Gains &
Losses|Closing
balance
6|
|Unrestricted
Funds||||||||
|General Funds
General
Funds|(224,300)|377,936|(403,803)||42,035|485,000|276,868|
|Designated
Funds
Redundancy
Provision|71,149||||(1,714)||69,435|
|Sycamore
Long Term
Maintenance|25850||||25850|||
||127,301|377,936|403,803||14471|485000|346,303|
|21 Net Movement
Revaluation
(Group Only)|Reserve|Opening
balance
6|Gains and
(losses)
8|||Deferred
taxation
8|Closing
balance
8|
|Investment
Property||403 500
403,500|02,000
92000||~23000
~23,000||472,500
422 300|
##
##
|for the year ended 31 March 202|
3||||
|---|---|---|---|---|
|22Analysis of Net Assets Between Funds|||||
|(Group Only)|General
Fund
6|Designated
Funds
6|Restricted
Funds
6|Total
6|
|Tangible fixed assets|676,962|||676,962|
|Net current assets / liabilities|291,485|69,435||360,920|
|Long term liabilities|||||
|Provisions
and pensions|211,500|||~244.500|
|Total|756,947|69,435||826,382|
|(Parent Only)|General
Fund
6|Designated
Funds|Restricted
Funds
6|Total
6|
|Tangible fixed assets|10,536|||10,536|
|Net current assets / liabilities|320,322|69,435|82,635|472,402|
|Long term liabilities
Provisions
and pensions|~54,000|||~54000|
|Total|276,868|69,435|82,635|428,938|
##
|||||2023|2022|
|---|---|---|---|---|---|
|Hungerhill
Trading||Ltd||6|6|
|Income
Administrative|expenses|||210,262
~186,668|230,980
~185.014|
|Net operating|Profit|/ (Loss)||23,594|45,066|
|Interest payable|||||(1,100)|
|Revaluation
of investment
Taxation|||property|92000
~23.000|188000
~47,000|
|Profit for year||||92,594|184,966|
|The aggregate|ofthe assets, liabilities and funds was:|||||
|Assets||||746,154|605,808|
|Liabilities
Provisions for|liabilities and||charges|(195,777)
~157,500|(171,025)
(134,500)|
|||||392877|300283|
|Share capital||||50,001|50,001|
|Revaluation
reserve||||630,000|403,500|
|Retained
profit||||(379,718)|(197,183)|
|Profit for the year||||92,594|43,965|
|||||392877|300283|
##
##
|3Subsidiary
Companie|3Subsidiary
Companie|s
continued|||
|---|---|---|---|---|
|Hungerhill
Developments||Ltd|2023f|2022f|
|Income|||223,470|144,695|
|Cost ofsales|||||
|Gross profit|||223,470|144,695|
|Administrative|expenses||(218,217)|(144,769)|
|Net operating|profit||5,253|(74)|
|Dividend to charity|||||
|Taxation|||998|74|
|Profit for year|||4,255||
|The aggregate
Assets
Liabilities|ofthe assets, liabilities and funds was:||205,594
~291,925|243,113
~242,199|
||||4,569|314|
|Share capital|||1||
|Retained
profit|||313||
|Profit for the year|||4,255|313|
||||4,569|314|
##
##
##
##
|27 Donations
and legac
(Group only)|ies|||||
|---|---|---|---|---|---|
|||Unrestrictedf|Restrictedf|2022f|2021f|
|Donations||||||
|(Parent Only)||Unrestrictedf|Restrictedf|2022f|2021f|
|Transfer from Nottingham|Hostels|||||
|Liaison Group||||||
|28Charitable
activities:|Operation|ofThe Renewal|Trust|||
|(Group only)||Unrestrictedf|Restrictedf|2022f|2021f|
|Arts Council England||||||
|Nottingham
City Council
Other Grant Income||261,349
75,712
331,D61|200,266
140,820
341 DDD|461,615
216,532
678,147|503,057
251,020
754,077|
|(Parent only)||Unrestrictedf|Restrictedf|2022f|2021f|
|Arts Council
England||||||
|Nottingham
City Council
Other Grant Income||261,349
173,485|200,266
140,820|461,615
314,305|503,057
251,020|
|||434,834|341,086|775,920|754,077|
##
##
|29Other trading activities|29Other trading activities|||||
|---|---|---|---|---|---|
|(Group only)||Unrestricted|Restrictedf|2022f|2021f|
|Rent
DBSchecks
Other earned
income
Grants||275,888
6,569
108,536
45,784|2,891
20876|275,888
6,569
111,427
66,660|224,769
1,921
5,912
115212|
|||436,777|23,767|460,544|348,314|
|(Parent Only)||Unrestricted|Restrictedf|2022|2021f|
|Rent
DBSchecks
Other earned
income||57,655
6,569
35,029
33253|2 531
2891|57,655
6,569
37,920
102144|36,686
1,921
1,217
39824|
|30Investment
income||||||
|(Group and Parent)||Unrestricted|Restrictedf|2022f|2021f|
|Bank interest||23||23|20|
|(Parent only)||Unrestrictedf|Restnctedf|2022f|2021f|
|Dividends
received from
subsidiary
Bank interest||23
23||23
23|16,000
20
16,020|
|31 Raising funds
(Group only)||Unrestricted|Restrictedf|2022f|2021f|
|Property
management|and other|||||
|trading activities:
Property
management
DBSChecks||193,533
4,275|7,702|201,235
4,275|148,640
1,744|
|||197,808|7,702|205 510|150,384|
|(Parent only)||Unrestrictedf|Restrictedf|2022f|2021f|
|Property
management|and other|||||
|trading
activities:
Property
management
DBSChecks||81,538
4,275|1,084|82,622
4,275|66,264
1,744|
|||85,813|1,084|86,897|68,008|
##
##
|for the year ended 31 March 20|
23|||||
|---|---|---|---|---|---|
|32 Charitable
activities||||||
|(Group only)
Unrestricted||Restricted|2022|2021||
||8|K|E|||
|Programmes
and activities
Other Community
Funding
Staff Costs
Community
Grants
Admin costs
Advertising
&Publicity
Governance
Costs
(note 8)
Pension scheme interest|6,241
(3,313)
370,346
4,125
82,170
3,613
68,163
12,000|37,774
171,348
25,963
679
2,175|44,015
168,035
396,309
4,125
82,849
3,613
70,338
12,000|18,183
203,616
380,609
2,000
85,635
6,627
79,967
8,000||
||543,345|237,939|781,284|784,637||
|(Parent only)
Unrestricted||Restricted|2022|2021||
||E|8|6|6||
|Programmes
and activities|6,241|37,774|44,015|18,183||
|Other Community
Funding|(3,313)|171,348|168,035|203,616||
|Staff Costs|225,680|14,178|239,858|236,256||
|Community
Grants|4,125||4,125|2,000||
|Admin costs|60,459|381|60,840|62,240||
|Advertising
&Publicity|3,613||3,613|6,627||
|Governance
Costs (note 8)|52,976||52,976|45,972||
|Pension scheme interest|12,000||12,000|8,000||
||361,781|223,681|585,462|582,894||
|33Net Movement
in Funds (Prior Year)||||||
|||||Other||
|(Group only)
Opening
Balance
E|Incoming
Resources
6|Resources
Expended
E|Transfer|Gains &
Losses
6
Closing
Balance
E||
|Restricted Funds|364,853|(245,641)|(75,077)|44,|135|
|Unrestricted
Funds||||||
|Revaluation
Reserve
General
Funds
262,500
(412,963)|770,409|(737,701)|40,687|141,000
403,500
95,000
(244,568)||
|Designated
Funds||||||
|Redundancy
Provision
Sycamore Long Term
36,759|||34,390|71,149||
|Maintenance
25850
(87,854)|3,452
1,138,714|3,452
(986,794)||25,850
234,000
300,066||
##
##
##
|3Net Movement
in Fund|s (Prior Year)|continued|||||
|---|---|---|---|---|---|---|
||||||Other||
|(Parent only)|Opening
Balance|Incoming
Resourcesf|Resources
Expended
E|Transfer|Gains &
Losses
8|Closing
Balance
E|
|Restricted Funds|84,585|343,977|(224,765)|(77,027)||126,770|
|Unrestricted
Funds
General
Funds|(448,453)|530,658|(444,142)|42,637|95,000|(224,300)|
|Designated
Funds
Redundancy
Provision|36,759|||34,390||71,149|
|Sycamore Long Term
Maintenance|25,850|3,452|3452|||25,850|
||301,259|878087|672,359||95,000|531|