REGisfERED COMPANY NUMBER: 04216908 (England ond Wales) REGISTERED CHARITY ]YUMBER: 1088051 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR NEPACS Sumer Auditco Limited The Beehive Building Beehive Ring Road Crawley Gatwick RH6 OPA
NEPACS CONTENTS OF THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trn$tees i to 10 Report of the Independeni Audltors 11 to 14 StAtement of FinAn¢ial Activiti¢s 15 BAlance Sheet 16 Csh Flow Statement 17 Notes to the CAsh Flow Sttement 18 Notes to the Financial Statements 19 to 33
NEPACS (REGisfERED NUMBER: 04216908) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also direclors of the charity for the purposes of the Companies Act 2006. present their report with the finan¢ial ststements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting 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 Rcpublic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND A1vITIEs Our vision Every person impactcd by ntact with the justirx or social care system5 should be heard and feel empowered to mAke positive change happen. Our mission To support and enhance the lives of people as they navigate the justice or social care systems, ensuring they always have someone trusted by their side, aiding understandin& facilits¢in8 wellbeing and promoting positive choices. Objeetlves and alms to support and assist families and friends of prisoners in their visits to the prison to ensure that children visiting lh¢ prison will feel welcome and find the experience as pleasant as is possible - to relieve hardship due tt) the poverty of the people we support to support the training and education of offendcrs and other processes that may assisi their rchabilitalion to wllect and publish inforniation relating to Criminal justice matters and to the prevention of ¢rime - to provide pastoral support to young people livin8 in care and adults with re experience Page I
NEPACS (REGisfERED NUMBEIL. 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcfiviTIES Significant Activities The objectives are achieved through: - Provision of support in visitors centres and play areas across the North East prisons - Supporting special extended family visits in the North East prisons Delivery of a spe¢ialisl youth projcct, known as Bee Yourselfl. for children and young people a¢ross the region - Delivery of an Independent Visitor service for young people living in care - Delivery of advice and support for families at Teesside Combined Courts. Durham Crown Court and Newcastle Crown Court Delivery of specialist programmes for offenders and their families during Early Days in Custody in order to improve wellbeing and reduce the likelihood of self-harn) Delivery of Departure Lounge services at the 'prison gale, for individuals ind thcir families at the point of release Delivery of community-bas¢d rehabilitative support for individuals and their families during the weeks and monihs after leavin8 prison Delivery of a tailored programme of support to people who have experienced care, delivered both in prison and on release into the wider community Developing publications and attending public m¢¢tings which contribute to debat¢ and research about criminal justice issues Offering a family holiday scheme to ihose affected by someone's imprisonment Awarding small 8rants to prisonerslprisoners, familie$ to relieve hardship and assist resettlement Hosting an annual NEPACS Awards which recognise and encourage rehabilitstive work in north east prisons probation Publlc beneflt From l April 2008, section 4 the Charities Act 2006 requires all charities to meet thc Icgal Tequirement that ils aims are for the public benefit. The Trustees confirni that they hav¢ ¢omplied with the duty to have du¢ r¢gard to th¢ Charity Commission's general guidance on public benefit. The Charity Commission states that there are two principles to be mel in order to show that an organisations aims are for the public benefit.. firstly there must be an identifiable benefit or benefits and secondly that thc bcnefit must be to the public, or a section of the publi¢. Charities (Protection and Social Investment) Act 2016 The Trustees consider that NEPACS complies with the above legislation regarding fundraising standards. Page 2
NEPACS (REGisfERED NUMBER: 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND A1VITIEs Strategic Priorities Following a Strategic Review day held by the NEPACS Board of Trustees on 8th January 2023. a new three year strategy h&8 been produced. The strategy was launched in January of 2024. Three Year Strategy is focused on: l. Doing more of what we do well 2. Putting Young People at the heart of what we do 3. Consolidating our presence in the Social Care Scctor 4. Recruitment and retention of staff and volunteers 5. Reaching out lo the most marginalized and vulnerable people. includin8 those at risk of self harni 6. Extending our Women's offer 7. Alleviating hardship 8. Ensuring we remain a resilient and financially sound organisation Page 3
NEPACS (REGisfERED NUMBER: 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Visitors Centres NEPACS, main priority continues to be to offer a waTrn welcome to visitors. in¢luding providing refreshments and play space along with emotional support lo those visiting a loved one in prison. OUT Staff have continued to provide sound written and verbal advice on the visiting procedures in each of our estsblishments. and to support people through the 'first time, visit process. helping to relieve anxietie5 and answer questions. The numbers of visitors has continued to grow. Family and Signifieant Other Serviees NEPACS Continues to d¢liv¢r a specialisi family support services lo people in prison and their families supporting with range of issues, helping them to navigate the complexities of ihe justice system. We organise regular family days and father-child events in prisons, enabling families to maintain ties and undertake activities as a family unil, Famlly Support Programme NEPACS has continued to provide one•tOryone family support through easework and delivery of our innovative Headin8 Home programme for prison leavers and their families. Heading Home has continued to be successful in preparing individuals for their release from prison, helping support them to reunite with their families. including provision of mediation 5UPPOrt. Family Support Workers have ¢ontinucd to be deployed in HMP Holrne House, HMP Frankland, and HMP Northumberland as part of the FSOS contracts. wilh a further appointment at HTrJP Deerbolt coming at the end of ihc financi81 year. NEPACS has ¢ontinued to increase face to face support, helping people to keep their family ties intact, and helping to r¢du¢e reoffending on release. Children And Youth Projeet At the heart of NEPACS, charitable work is our aim to provide excellent services for the children impacted by parentsl imprisonment and care experience. NEPACS has invested in our CYP offcr and has ¢ontinued ¢0 implcmcnt and evolve our new Bee Yourselfl. model which is underpinned by the Thrive approach. Work includes group and 1-2-1 activities, as well as activity days and residenlials. We have also established a Youth Board, made up of 8 young people, to inforni the future direction of our young people's services. Buddy. our organisational mascot, ¢ontinues to be a key feature of NBPACS materials and was ready and waiting to welcome the CYP back. Buddy is now famous in our Buddy and the Box book, written by a volunicer and developed in 2022-23, helping young children to cope with having their father absent from the family home by creating their own memory box. We ¢ontinue lo distribute the book as a m¢ans of supporting some of our youngesl service users. Independent Visitors Serviee NEPACS has ¢on¢inue to dcliver its Jndependeni Visitor (IV) service established in November 2022 and covering 6 (six) local authority areas in the North-east. The service offers befriending support for young people livin8 in ¢are in ihc form of regular visits from a dedicated volunteer, matched lo the young person's interest. Participants in this programme also have access to the Bee Yourseltl. Servi¢e. Courts Projert Courts services has continu¢d to deliver support to individuals and families on the 'front line, of the justicc systern in courts. The project links Closely with our helpline and Early Days in Custody services, ensuring support continues beyond the Court building. Early Days in Custody services NEPACS has expanded its Early Days in Custody provision across most of the region's prisons. offering intensive 5UPPOrt to individuals and their families during th¢ vulnerable first days in a new prison. Building on from our grant-funded work in Durham, where we have delivered practical and emotional support during the first 2 weeks of Custody for several years. our Early Days provision now includes a new project funded by the NHS. with a focus on minimising the risk of self-haTm. Page 4
NEPACS (REGisfERED NUMBEIL. 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Departure Lounge services NEPACS has continued our delivery of support to individuals and families on the day of relea. through our expanded Departure Lounge services acTOSS three prisons. Piloting new approaches to 'day of release. support, the service offers practical and emotional support as someone leaves the prison gate. This includes support wlth setting up appointments, providing toiletries and food packages. offering refreshments. accessing financial support and arranging transport. We also provide support to families including access to our helpline service. Rehabilitation Servic in tht Community NEPACS has established some new community-based projects supporting individuals and families during the weeks and months following release. This includes provision of accredited volunteer-led discussion groups to support people who wish to address previous offending behaviour. as well as programmes which support individuals and families to cope with practical issues following release. reestablishing relationships and readjust to life post-rclcase. Care LeAvers Project NEPACS has continued lo be successful in altracting funding in order to support people who have 'experience within the care systern,. Supporting some of the most vulnerable young mcn in HMYOI Dcerbolt has hclped them to build resilien¢¢, develop new life skills. reduce stigma and provide support to regain ¢onts¢t and secure networks and ties with people and communities to which they are returning. We run a number of projects, including our Paving the Way pro8ramme which helps peopl¢ with ¢ar¢ ¢xpcri¢n¢¢ pr¢par¢ for lif¢ outside prison and an arts based project to support emotional needs. GrATht$ and holld*y$ NEPAC.S has continued to rnake grants lo individuals and families we supporL including families with a member in prlson, those re¢ently released from prison and people using our Departure IA)un8C 5¢rvi¢es. Following our criteria to ensure that grants are best used to meet Ihc objectives of the Charity, we have continued to offer this much needed support to the most vulnerable. Our offer has been fijnded both from NEPACS r¢sour¢¢s and also has been supported by grant ndIng designed to help people cope with the cost of living crisis. The demand for grants ¢onlinues to rise as statutory sources of support for vulnerable people leaving prison b¢¢ome more restricted and the cost of living crisis has caused further irnpact on individual and family finances. NEPACS has also offered a number of short respite carnvan breaks to help families reconnect following the release of one of it$ members from prison. Page 5
EPACS (REGISTERED NUMBER: 042J6908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Loss of te4 bar income Following the re-pro¢urement of the Family and Significant Other (FSOS) contracts in 2022, responsibility for all stock ordering. purchasing, sales and banking trnnsferred to HMPPS (this excludes HMP Northumberland where the tea bar Continues lo run as before). This has continued to impact NEPACS, with any arising surpluses after costs remaining with HMPPS. This has removed our capacity to make decisions on reinvestment of any such surpluses and Testricted in¢ome. As a result we have continued to seek new sources of funding to support delivery. Chgritgble Trust fundiDg Finding ndIng for our delivery projecls has remained somewhat of a challeJ)ge. with many fiinding streams being short-lem (often for one year duration). This has created some uncertainty in terms of planning staff rcsources. Howevcr we have continued to be aclive in seeking new funds and reapplying for expired grants and have continued to invest in our services during periods between grants (e.g. Early Days provision and some youth services) ContrAet gnd grant funding from Minlstry of Justice (MOJY HM Prlson and Probation Servlee (HMPPS) NEPACS holds a number of contracts and grants with MoJ/HMPPS, including our FSOS Contract. Recent contracts and grants have seen a move towards 'quarterly retrospective claims, payment mechanisms. in which expenditure can only be recouped from MOJIHMPPS at the end of a 3 month period and upon supply of proof of expenditure. This impacts on ¢a$hflow and creates additional administrativc burden, which we conlinuc to naviga*, Other Contracts are offered on a ¢all-off basis, dependin8 on referrals made which are out of NEPACS, control, with no guarantee of income. Again, this has created unccrtainty in lern)s of resource planning and forecastin& as well as causing further Administrative burden in lenns of managing the contracts which in tum reduces stsff capacity to undertake business development work. We continue to liaise closely with MoJ/HMPPS to sharc concerns and navlgate the grant/contra¢t mechanisms. Investment polley and objectlves The Charity possesses two principal investments: (i) A freehold property in Old Elvec Durham, which was, until September 2023, rented out to a professionhl firni. Following the decision of the tenant to move from the building. it has remained unoccupied and the building requires some maintenan¢e inveslrnent. Negotiations with the previous tenants regarding contractcd dilapidations payments are on.8oin8. The Trustees have considered the alicrnative of selling the property but have decided to relain the property at the presenl time, considering li a valuable asset, although this decision remains under regular review. (li) Due to poor rates of return on cash reserves, the Charity placed £250,000 with Rathbone Inve5tmcnl Management Ltd. This is invested on a low risk basis and is easily accessible should the need arise. A further £1 00,000 has been invested with Rathbones in 6 month bonds lo generate some additional investment income during a period of higher inlerest rates. Th¢ issue of ethics has been discussed with Rathbones. Reserves policy The Trustees have dccided that £290,000 should be held as essential pre¢autionary reserves (approximately 16.50/0 of forecast annual expenditure). There arc still sufficient funds available in reserves to enable the Charity to consider promoting new developmcnts by providing mat¢hed funding to encourage grant awarding bodies lo support the Charity, or fund new developments directly from ils resources in the hope that once the value of the work is demonstrated, funding bodies will enable the work to continue. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity is controlled by its governing documenL a deed of trusL and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 6
IYEPACS (REGISTERED Tr4UMBER: 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEME Retruitment and appointment of new trustees As NEPACS ¢ontinues to grow, develop and diversify the need has arisen to Tecruit new trustees in a more fomal way than word of mouth. Using Trustee role profiles and dedicated Trnstee adverts we continue to seek people to join us who bring specific skills such as HIL Business DevelopmenL Markcting and Communications. We are also keen to recruit more people. includin8 Trustees with lived experi¢n¢¢. There ar¢ currently I l (eleven) trustees ele¢ted for a period of three years after which they must be re4lected at the next AGM. OrgfinisAtionAI $trnclur¢ NEPACS is led by a Chief Executive Officer who takes responsibility for the overall delivery. personnel policies and fonvard planning of the society via NEPACS, strategic and operational plans. Supported by a Business and Finance Dir¢¢tor this arrangement has proven to be highly successful and effective, particularly in navigating the increasingly complex grantl¢ontra¢t management systems. A Senior Leadership Team comprising 8 members of staff including the CEO and Business and Finance Dircctor. oversee the runnin8 of the organization on a daily basis. The ieam comprises both operational managers and nonwoperational specialists. Team Manager5 are now in place leadin8 on specific areas of operations. A Business Support Manager has continued to oversee the r¢quired Business functions including HR supported by an outsourced arrangement with a HR legal advisory finn. We have continued to cmbed the outsourcing of financial fvnclions, which took placc in 2022. this includes management accounts, book-keeping and payroll. We have continued lo make headway in improving the financi81 function and redistribution of financial responsibilities with regular detailed reporting available for trustees during - and between trustee meetings. Inducilon and trAlnlng of neiv tru$l¢es Most trustees are already familiar with the work of NEPACS, having worked as volunteers in the society or been involved with the Probation Servi¢e, Local Authorities or with other related charitable bodies. They are issued with the NEPACS Code of Governance and other supportin8 materials. and en¢ournged to take part in NEPACS induction training. Relaled PArtie$ NEPACS is a member of infrastructure bodies CLINKS and VONNE. NEPACS Su1COntracts to St Giles Wise, for the delivery of the Personal Wellbeing contract with Probation. NEPACS is the lead provider to a subrycontractor for the delivery of one of our community rehabilitstion programmes in Yorkshire and the Humber, Humbercare Limiled. NEPACS has several contracts and grants with the Ministry of Justice, HM Probation and Sodexo in relation to supporting people in prison, their families and significant others both in Custody and in the community. NEPACS has a contract with six local authorities , coordinated by Newc&8tle City Council on behalf of each authority. for delivery of the Independent Visitor Service. NEPACS receives grant fimding from the Department of Health and Social Care for the delivery of its Suicide and Self-Hami Prevention servi¢e. part of its Early Days in Custody offer. NEPACS receives fimding from a variety of Charitsble Trusts and Police and Crime Commissioners. Page 7
NEPACS (REGisfERED NUMBER: 04216908) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENr Risk mgnagement In order lo minimise the risk of error. or fraud. financial reporting by progrdmme and activity is made to the Board at every meeting. The Charity's previou5 long-tern) secure source of income from rent from the property at 19 Old Elvet in Durham City ceased in September 2023, although the asset remains held by ihe charity. The other independent sources of income come from subscriptions. fund-Taising events, charitable donations and legacies and small surpluses from charitsble activities. These ¢an vary from year to year. The principal Sources of risk are as follows: (a) On-going loss of surpluses from FSOS tea bars following the 2022 re-structuring of services means there is significantly reduced capacity within the organization to make flexible decisions about inv¢sthient in family services, with most delivery now relianl on direct funding (b) Uncertain national economic conditions ¢ould affect charitable giving and fundr8ising. (¢) The continued cost of living crisis may impacl on r¢¢ruitmenl of volunteers in the future. (d) Funding end dates on grants and contracts and sourcing new funding streams ¢an be difficult and complex thus requiring use of reserves to fund serrfi¢e activities or wntribute lo other fundin8 sources, to enable us to continue delivery. (e) Uncertainty about the future of19 Old Elvel and its ¢apa¢ity lo gencrntc income given the need for investment in the property, following the departure of the previous tenants; this is accompanied by uncertainty about the level of dilapidation payment to be received. REFERENCE AND ADMINISTRATIVE DETAIIS Registered CompAny number 04216908 (England and Wales) Regl$¢ered Charlty number 1088051 Registered office 20 Old Elvet Durham DHI 3HW Trustees J Bla¢k Mrs K Ogilvie (resigned 161412023) Mrs S Seacroft Mrs M Stockdale M Weeding Mrs S A Nainby-Luxmoore D Abrahams Mrs L Lovell {resigned 141512023) Rev K Brooke Ms M Smith (resigned 311312024) E Thompson J L Mooney C S Tague (appointed 251112024) R Phelan (appoint¢d 251112024) Company Seeretary A J Lacey Page 8
NEPACS (REGisfERED NUMBER: 04216908) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAIIS Senior Statutory Auditor David Holloway BA FCA DChA Auditors Sumer Auditco Limited The Beehive Building Beehive Ring Road Crawley Gatwick RH6 OPA Bankers Barclays Bank 6 Market Place Durham City DHI 3ND Pr¢$ldent Professor Karen O'Brien, Vi¢e Chancellor and Warden, Durham University Vlee Presldent$ Mr Roger Statham Dlrectors Officers who served durin8 the year and up 10 the date of this report are: Hon Chairnian Hon Treasurer Mark Weeding Sareth Nainby-Luxmoo Chief Execulive OtTi¢er Amanda Lacey Members of the Board, who #re directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the dale of this report are set oul above. Members of the charitable company guarantee to ntrIbUte an amount not ¢x¢eeding £1 to the assets of the charitable company in the event of winding up. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of NEPACS for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom A¢¢ouiiling Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reportin8 St8ndard 102 "The Financi81 Reportin8 Standard applicable in ihe UK and Republic of Ireland.. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resour¢es and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial statements. the trustees arc required to select suitable accounting policies and then apply them conslstently; obs¢rYe the methods and principles in the Charity SORP" make judgements and estimates that 3re re&wnable and pruden¢ pr¢pare the financial statements on the going ¢on¢¢rn b&8is unless it is inappropriate to presume that the charitable company will continue in business. Page 9
NEPACS (REGISTERED NUMBER.. 04216908) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued The trustees are responsible for keeping proper accounting records which disclose with reasonable a¢¢uTacy at any time the financial position of the charitable cornpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. Thcy are also resw)nsibl¢ for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit inforniation of which the charitable company's auditOTS are unaware; and the trustees have taken all steps Ihai they ought to have tsken to make themselves aware of any relevant audit infomation and to establish that the auditors are aware of that inforniation. AUDITORS The auditors, Sumer Auditco Limited. will be proposed for re-appointment at the forthcoming Annual General Meetin8, This report has been prepared in accordance with the special provisions of Part I S of the Companies Act 2006 relating to small ¢ompanies. Approved by order of the board of trustees on I l November 2024 and signed on its behalf by: M Weedin8 - Trustee Page 10
REPORT OF THE INDEPENDENT AiYDITORS TO THE MEMBERS OF NEPACS Oplnion We have audited the financial statements of NEPACS Ithe '¢haritable rnpa) for the year ended 31 March 2024 which comprise the Statement of Financial Activitie& the Balance SheeL the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial r¢porting framework that has been applied in their preparation is applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the fmancial 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, including its income and expenditure. for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland,; have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with Jnternalional Standards on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibilities under those standards are further dcscribcd in thc Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitsble company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Eihical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belteve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu$lon$ rtlatlng to golng ¢on¢ern In auditing the financial stalcmcnts, we have concluded that the trustees, use of the going concern basis of aontIng in the preparation of ihe financial statements is appropriate. Based on the work we have perfom)ed, 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 then the financial statements are authorised for issu¢. Our responsibilities and the responsibilities of the trustees with respect to goin8 concern are described in the relevant sections of this report. Olher information The trustees are responsible for the other infonnation. The other inforniation comprises the inforniation 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 e)rtent otherwise explicitly st&t¢d in our r¢poiL we do not express any forni of assurance ¢onclu$ion thereon. In connection with our audit of the financial statements, our responstbility is to read the other information and, in doing so, consider whether the other inforniation 1$ m81erially inconsislenl with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements. we are required to deterniine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other inforn]ation, we are required to report that fact. We have nothing to report in this r¢g8rd, Opinions on olher matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomiation given in the Report of the Trustees for the financial year for which the financial statements arc prepared is consistent with the financial statements. and the Report of the Tru51ees has been prepared in accordance with applicable legal requirements. Pagell
REPORT OF THE JNDEPENDEiYf AUDITORS TO THE MEMBERS OF NEPACS Matters on whieh 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 Report of the Tnte¢s. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the acwunting records and returns. or Certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infom)ation and explanations we require for OUT audit- or the trustees were not entitled lo take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Ttees, Responsibilities. the trustees (who are also the directors of the charilable company for the purposes of ¢ompany law) are responsible for the preparation of the financial statements and for being satisfied thal they give a true and fair view, and for such internal control &$ the trustees detennine is necessary to enable the preparation of financial statements that are free from malerial misstatement. whether due to fraud or eOr. In preparing the financial statements, the trustees are responsible for assessing the Charitable company'5 ability to continue as a going concern, disclosing. as applicable. mallers lAted to going concern and usin8 the going ¢oncern basis of accounting unless the trustees either intend to liquidate the charitsble Company OT to ¢ea5e operations. or have no realistic alternative but to do so. Page 12
REPORT OF THE INDEPEIYDEiYf AUDITORS TO THE MEMBERS OF NEPACS Our responsibilities for the audit of the fin*neial statements Our objectives ¢ to obtain reasonable assurance about whether the financial statements as a thole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Audilors that includes our opinion. Reasonable assurance ts a high level of &ssurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect 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 re&qonably be expected to influence the economic decision5 of users tsken on the basis of thesc financial ststements. The extent to which our procedures are Capable of detecting irregularities, including fraud 15 detsiled below: Our audit must be alert to the risk of manipulation of the financial ststements and seek to understand the incentives and opportunities for management to achieve this. We undertake the following procedures lo identify and respond to these risks of non•complian¢e: the engagement partner ensured that the engagement team collectively had the Jppropriatc competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulalions. we identified the laws and regulations applicable to the charitsble MpanY through Oiscussions with management and from our knowledge and experience of this sector. we focussed on specific laws and regulations Ivhich we considered may have a direct material effect on the financial statements or the operations of ihc charitable company, including the Charities Acts. Companies Acts. tsx legislation, employment, environmental and health and safety Icgislation. we assessed the ¢xtent of compliance with the laws and regulalions identlfied abov¢ through making enquiri¢s of rnanagement and inspecting legal correspondence- and identified laws and regulations were communicalcd within the audil team regularly and the team remained alcrt to instances of non-compliance throughout Ihc audit. We &8sess¢d the susceplibility of the charitable company's financial statements to material misstatrment, including obiaining arb understanding of how fraud mighi occur. by.. making enquiries of management as to where they considered there a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; ¢onsiderin8 the internal controls in place to mitigate risks of fraud and non-compliance with laws and re8ul81ions. To address the risk of fraud through management bias and override of controls, we: perfornied analytical procedures io identify any unusual or unexpected r¢lationships: tested journal entries to identify unusual transactions. assessed whether judgements and assumplions made in delenninin8 any accounting estimates were indicative of potential bias. investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non4omplianrK with laws and regulations. we designed procedures which included, bul were nol limilcd to.. agreeing financial statement disclosures to underlying supporting documentstion; reading minutes of meetings of those charged with govem8n¢e; enquirin8 of management as to actual and potential litigation claims: - reviewing correspondence with HMRC and thc company's legal advisers. Through these pro¢edur¢s, we did not be¢ome awdre of actual or suspected non-complian¢¢. We planned and perfornied our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have dete¢ted a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of noi deteding a material misstatement due to fraud 15 higher than the risk of not detecting one resulting from err()r. as fraud may involve Concealment. collusion, forgery. misrepresentations, or oveIde of internal controls. We are not responsible for preventing nonOMpliance and cannot be expected to detect notFcompliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at ww3v.fr¢.org.uklauditorsreSPODsibilities. This description forms part of our Report of the Independent Auditors. Page 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NEPACS Use of our rtport This report is made solely to the charltable Companys members, as a body. in a¢coTdance with Chaptsr 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thai we might state to the ¢haritable companys members those matters we are required to state to thern in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do nol accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this reporL or for the opinions we have forn]cd. David Holloway BA FCA ChA (Senior Statutory Auditor} for and on behalf of Sum¢r Auditco Limiied The Beehive Building Beehive Ring Road Crawley Gatwi¢k RH6 OPA Date., Page 14
NEPACS STATEMENf OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE Accourffj FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total fvnds Unrestricted funds Restricted fi]nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 42.836 4,625 47.461 87,902 Charitsble activities Prisoner Family Welfare Young People 1,247,901 395,886 61.436 .643.787 61,436 .499.303 70,222 Investment income 23,120 23.120 27,226 Total 1,313,857 461.947 1,775.804 1,684,653 EXPENDITURE ON Raising funds 3,000 3.000 3,000 Charitable aetivitie$ Prisoner Family Welfare Young People Grants lo Prisoners Families .295.646 45,863 35,487 320,637 70,120 1.616,283 115,983 35.487 1.614,743 65.624 46,662 Total 1.379,996 390.757 ,770,753 1,730,029 Nel gains on investments 20,518 20,518 105,091 NET INCOMEI(EXPENDITURE) (45,621) 71,190 25.569 59.715 RECONCILIATION OF FUNDS Total funds brought forward 1,275.861 1.275,861 1.216,146 TOTAL FUNDS CARRIED FORWARD 1,230,240 71.190 1,301.430 ,275,861 The notes forn) part of these financial statements Page 15
NEPACS (REGIsfERED NUMBER: 042J6908) BALANCE SHEET 31 MARCH 2024 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted nds Notes FIXED ASSETS Tangible assets Investments Investments Investment property 13 13,040 13,040 6.097 14 15 395,000 395.000 395,000 408.041 408,041 401,098 CURRENT ASSETS Stocks Debtors Investments Cash al bank and in hand 16 17 18 3,558 239,634 293,116 496,864 3.558 239,634 293.116 496,864 1,786 93.214 259,095 668,854 1,033,172 1,033,172 1,022,949 CREDITORS Amounts falling due within one year 19 (210,978) 71,195 (139,783) (148,186) NET CURRENT ASSETS 822,194 71,195 893,389 874,763 TOTAL ASSETS LESS CURRENT LIABILITIES 1230,235 71,195 1,301,430 1,275,861 NET ASSETS ,230,235 71,195 1.301.430 1,275,861 FUNDS Unrestricted funds Restricted funds 20 1,230,235 71.195 1,275,861 TOTAL FUNDS 1,301,430 1,275,861 These financial statements hav¢ been prepared in accord8n¢e with the provisions applicabl¢ to Charilable ¢ompanies Subje to the small companies regime. The financial statements were approved by the Board of TTUStees and authorised for issue on I l November 2024 and were signed on its behalf by: M Weeding - Trustee The notes forni part of these financial statements Page 16
NEPACS CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Csh flows from operating Attiviti Cash generated from operations (154,545) 55,650 Net cash (used inyprovided by operating activities (154.545) 55,650 C2sh flows from investing activities Purchase of tangible fixed assets Pur¢hase of current asset inveslments Sale of current asset investments Interest re¢eived Dividends received Portfolio management fees (13.773) {54,692) 41.189 6,934 5,897 (3.000) (1,662) (26,217) 34,697 1,144 5.832 (3,000) Net cash (used in)/provided by investing activities (17.445) 10,794 Change In eash and ¢4sh equfvalen¢s In the reporting period Cash and cash ¢quivlents at the beglnnlng of the reporting period (171,990) 66,444 668,854 602.410 CA$h and cAJh equivAlentS gt the end of the reporting perlod 496,864 668,854 The notes forni part of these financial statements Page 17
NEPACS NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIL4TING AcfiviTIES 2024 2023 Net ineome for Ihe reporting riod (as per the Statement of Finantial Activities) Adjustments for: Depreciation charges Gain on inveslments Interest received Dividends received Portfolio management fees (In¢re8se)Idecrease in stocks (In¢rease)Idecrease in deblors (Decrease)lincrease in credilors 25,569 59.715 6,830 (20.518) (6.934) (5,897) 3,000 (1,772) (146,420) (8.403) 6.115 (105,091) (1,144) (5,832) 3,000 1,632 37,706 59,549 Net Cash {lld in)Iprovided by operations (154,545) 55,650 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net Cash Cash at bank and in hand 668.854 (171,990) 496,864 668.854 (171,990) 496,864 Liquid resources Deposits included in cash Current asset investments 259.095 34,021 293,116 259.095 34,021 293,116 Totsl 927,949 (137,969) 789.980 The notes forni part of these financial statements Page 18
NEPACS NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BASIS of preparing the financial statements The financial ststements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wilh the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the histori¢81 Cost convention, with the exception of investments which are included al market value, as modified by the revaluation of certain assets. Income All income is recognised in the stsiemenl of Financial Activities once ihe charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.The following specific policies are applied to particular categories of income: Voluntary in¢ome is received by way of grants and donaiions are included in fvll in the Statement of Financial Activities when the charity becomes entitled. Grants, where cnliilemcnt is not conditional on the delivery of a specific perforn)8nc¢ by the charity, are recognised when the charity becomes unconditionally entillcd to the grant. Incoming resources from charilable trading activities are accounted for when earned. Grants and fees received for current year expenditure and grdnts for pur¢h&se of fixed assets are recognised in full in the Statemcnl of Financial Activities in the period in which they are received, provided that the Conditions for receipt have been complied with. Income is deferred only where the criteria for recognition as incoming resources in the Statement of Financial Activities does not exist at the balance sheet date. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or ¢on$tru¢tive obligation committing the charity to that expenditure, it is probable th4t a transfer of economic benefits will be required in Settlement and the amount of the obli8ation can bc 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 wsts ¢annot be directly attributed to particular headings they have been allocated to activities on a basis consistent with th¢ use of resources. Grants offered subject to conditions which have not been met at the yeor end date ore noted as a commitment bul not accrued as expenditure. Government grants Grants relating to revenue are recogni5cd in in¢ome on a systematic basis over the periods in which thc entity recognises the related ¢osts for which the grant is intended to compensate. Alloc4lion and apportionmenl of Costs All costs are allocated between the expenditure c8te8ories of the SOFA on a basis designed to reflect the use of the resour¢e. Costs relatin8 to a particular activity are allocated diredly. others are apportioned on an appropriate basis as set out in Note 8. Tngible filed $$et$ Depreciation is provided at the following annual rates in order to write off each asset over its cstirnated useful life. Fixtslres and fittings Office equiprnent 250/0 on reducing balance 33 % on cost and 330/ts on reducing balance Investment property Investment property is sho1 at most recent valuation. Any aggregate surplus or deficit arising from ¢hanges in market value is reported in the "gains and loSS on investment assels" sli0n of the Statement of Financial Activities and is carried forward in the surplus reserve in the balance sheeL Page 19 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- eontinued Stoeks Stocks are valued * the lower of cost and nct realisable value, after making due allowaJ)ce for obsolete and slow moving iterns. Taxation The charity is exempt from Corporation tax on its Charitable activities. Fund Accounting Unr¢stricted funds can be used in accordance with the ¢haritable objedives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpos¢ of ¢ach fund is included in the notes to the financial statements. Flxed 9sset Investments Investments are held al market valu¢ at the balancx sheel date. Realiscd and unrealised 88ins or losses are o¢counled for in the relevant fund. FinanelAI Instruments Financial instruments are recognised in the ¢ompany's balance shect when the company l)¢com¢s party to the ontractual provisions of the instrumcnt. Financial assets and liabilities arc offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off Ihe re¢ognised amounls and there is an intention ¢0 s¢ttle on a net basis or to realise the asset and settle the liability Simultaneously. Basie fiThAnell #tt8 Basi¢ financial a5SCts, which include debtors and cash and bank balances, are initially measured at transaction price includin8 transaction ¢osts 8nd &re subsequently carried at amortised cost usin8 the effective interest method unless the arrangement constitules a financing transaction, where the transaction is measured at prescnt value of the future receipts discounted a¢ 8 market rale of interest. Financial assets classified as receivable within one year are not amortised. Classifieation of financial libili¢ies Financial liabilities and equity instruments are classified according to substance of the contractual arrangements entered into. An equity instrument is any contract thal evidences a residual interest in the assets of the company after dediicting all of its liabilities. Basie finan¢l41 liabililits Basic financial liabilities, including creditors, bank loans, other loans. and preference shares that are classified as debt, are initially recognised at transadion price unless the arrangement constitstes a fJnan¢ing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities classlfied &8 payable within onc year are not amortised. Debt instruments are subsequently carried at amortised cosL using the effective interest rate method. Trade ¢r¢ditors are obligations to pay for goods or services that have been acquired in the ordinary course of busin¢s5 from suppliers. Amounts payable are classified &$ current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transathion price and subsequently measur¢d at amortised cost using the effective interest method. Current &$$el investments Current asset investments are shown at thelr markd valu¢ at the balance sheet date. Going concern The financial statements have been prepared on a going concern basis. Page 20 continued...
NEPACS NOTES TO THE FINANCIAL STATEMEIYTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Current asset investments The trustees have prepared financial forecasts for a period in ex¢ess of12 months of the date of this report. The trnstees are confident that those forecasts represent an achievable expectation of the tUre perfomance of the charity. They have therefore concluded that the charity will be able to meet its Ongoing Commitments from the resources whi¢h are available. The trustees do not consider there to be a material uncertainty related to events of conditions that may cast significant doubt upon th¢ ¢ntity's ability lo continue as a going concern. DONATIONS AND LECACIES 2024 2023 Donations and appeals Grants Subscriptions other income 39,709 1,850 ,030 4,872 23,386 53,770 1,092 9,654 47,461 87,902 Grants received. included in the above, are follows: 2024 2023 AB Charitable Twsl 29th May 1961 Charitable Trust St John's Church, Neville's Cross Ballin8er Trust Kickstart grants Drapers, Charitable Fund 15,000 5,000 1,600 10,000 23,770 250 .850 53.770 INVESTMENT INCOME 2024 2023 Rents received Deposit account interest Dividends Received 10.289 6.934 5,897 20,250 1.144 5,832 23,120 27,226 Page 21 ¢ontinued...
NEPACS NOTES TO THE FINANCIAL STATEMENtS- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Activity Prisoner Family Welfare Prisoner Farnily Welfare Prisoner Family Welfare Prisoner Farnily Welfare Young People Tea bar and visitors centre Service income FSOS contracts Grants Grants 156.064 492.506 704.191 291,026 61,436 250,209 204,316 710.519 334,259 70,222 ,705,223 1,569,525 Grants received, included in the above, are as follows.. 2024 2023 Dulverton Trust Noel Buxton Trust Debtors Relief Fund The Beatrice Laing Trust The National Lottery Community Fund Charles Hayward Foundation Police & Crime Commissioncr for Cleveland PACT The Garfield Weston Foundation Community Foundation Catherine Cookson Charitable Trusl HMPPS Innovation Fund Hadrian Trust Ballinger Trust Northumbria PCC Supporting Viclims Fund Swire Trust HMPPS Womens Community Sector Local Leadership and Integration Fund Masonic Foundation Bluc Cabin Department of Health and Social Care Power to Change Community Or8anisation 39,951 4.000 1,000 5,000 55,000 25,000 5.000 25,000 1.491 25,992 50,000 22,389 500 6,500 10,242 52.519 1,000 10,000 22,778 31,090 10,222 135,267 31,711 63.426 20,000 20.021 30,987 12.000 28,945 9,912 352.462 404,481 Page 22 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Investment n14n#gtment tosts 2024 2023 Portfolio management 3.000 3,000 CHARITABLE AcfiviTIES cosrs Grant funding of activities {see note 7) Support costs (see note 8) Direct Costs Totsls Prisoner Family Welfar¢ Young People Grants to Prisoners Families ,186,605 91.371 429,678 24,612 1.616,283 115,983 35,487 35,487 1.277.976 35.487 454.290 1,767,753 GRANTS PAYABLE 2024 2023 Grants to Prisoners Families 35,487 46,662 SUPPORT COSTS Administrative expenses Human rcsourccs Man88ement Finan Prisoner Family Welfare Youn8 People 197.558 12.768 1,528 133,428 1.890 45.386 8,798 210.326 1,528 135.318 54,184 Governance costs Premises Depreciation Totals Prisoner Family Welfare Young People 36,885 1,156 6.829 8,064 429,678 24.612 38.041 6.829 8.064 454,290 Page 23 continued...
NEPACS NOTES TO THE FINANCIAL STATEMEiwfs- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT cO- tonlinued Activity Management Finance Administrative expenses Human resources Premises Depreciation Basis of allocation Usage Finance ¢haTgcs Usage Usage Usage Usag¢ NET INCOMEI{EXPENDITURE) Nel in¢omel{expenditure) is staled after charginW(crediting): 2024 2023 Auditors, remuneration Auditors, remuneration for non audit work Depreciation- owned assets Hire of plant and machinery 4,095 3,969 6,830 ,320 3,900 4,690 6,115 1,338 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, rernuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were expenses paid to one Trustee in the year ended 31 March 2024 of £403, for travel ¢osts (2023.. nil). No balances rematned outstandin8 as at year end. li. srAFF COSTS 2024 2023 Wages and salaries Social se¢urity costs Other pension costs 1,181,791 85,402 48,460 1,059,920 77,545 42,192 1,315,653 1,179.657 The average monthly number of employees durin8 the year wo5 as follows: 2024 68 2023 69 Charitable activities Support 73 74 The number of employees wh05¢ cmployee benefits (excluding employer pension Costs) exceeded £60,000 was: 2024 2023 £60,001- £70,000 £70,001- £80,000 Page 24 ontinued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ii. STAFF COSTS - ¢onlinu Key management personnel remunerntion for the period totallcd £337.728 (2023: £190.232). 12. COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfiviTIES Unrestricted fiinds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 87,902 87,902 Charitable Activities Prisoner Family Welfar¢ Young People 1,499,303 70,222 ,499,303 70,222 Investment income 27,226 27.226 TotAI 1,684,653 1.684.653 EXPENDITURE ON Raising funds 3,01)0 3,000 Ch*rlt9ble 4c¢lviti¢s Prisoner Family Welfare Young People Grants to Prisoner5 Families 1,396.262 65,624 46,662 218,481 1,614,743 65,624 46,662 Total 1.511,548 218,481 1,730,029 Net 8ains on investments 105.091 105,091 NET INCOME/(EXPENDITURE) 278,196 {218,481) 59,715 RECONCILIATION OF FUNDS Total funds brought forward 997,665 218,481 1,216,146 TOTAL FUNDS CARRIED FORWARD ,275,861 1,275.861 Page 25 continued...
NEPACS NOTES TO THE FINANCIAL sfATEMENTS- tontiDu¢d FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSETS Fixtyres OITice equipment fiftings Totals COST At l April 2023 Addition5 Disposals 2.245 1,319 30,238 12,454 (7.938) 32,483 13,773 (7,938) At 31 March 2024 3,564 34,754 38,318 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 2,245 224 24.141 6,606 (7.938) 26,386 6,830 (7.938) At 31 March 2024 2.469 22,809 25,278 NET BOOK VALUE At 31 Mar¢h 2024 1,095 11,945 13,040 At 31 March 2023 6.097 6,097 14. FIXED ASSET INvEmENTs Unlisted investments MARKET VALUE Al l April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the following.. NEPACS Trading Limited Registered office.. 20 Old Elvel Durham, DHI 3HW Nature of business: Dorniant. Class of share: Ordinary holding 100 2024 2023 Aggregate capitsl and rescryes Page 26 continued...
NEPACS NOTES TO THE FINANCIAL STATEMEiYfs- eontinued FOR THE YEAR ENDED 31 MARCH 2024 15. INVESTME PROPERTY FAIR VALUE At l April 2023 and 31 Mar¢h 2024 395,000 NET BOOK VALUE At 31 March 2024 395.000 At 31 March 2023 395,000 Fair value at 31 Mar¢h 2024 is represented by: Valuation in 2024 395.000 The investment property was valued at open market value by the Trustees on 31 March 2024. If the investment property had not been rc-valued, il would have bccn included al the hislorical cost of £2,191. 16, STOCKS 2024 2023 Visitor Centres 3.558 1,786 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debiors Prepayments and &¢¢rued income 219,294 701 19,639 77,941 15,273 239.634 93,214 18. CURRENT ASSET INVESTMENTS 2024 2023 Funds under manAgement 293,116 259,095 Page 27 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 19. CREDITORS: AMOUIYfS FALLING DUE wrfHIN ONE YEAR 2024 2023 Trade creditors Amounts owed to group undertakings Other creditors Accruals and deferred income 35,950 23.363 7.998 95,834 22.170 102,652 139,783 148,186 20. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Tea Bar Family Holidays Early Days in Custody 1,205,101 55.253 3.700 11,807 (68.352) 41,212 (1.347) (17,139) 1,136.749 96,465 2.353 (5,332) ,275,861 (45,626) ,230,235 Restrlcted funds Communications, Training & Development Courts Care Leavers Project Garfield Weston Early Days in Custody Helpline PACT Family En888ement Fund 177 2,083 17,754 22,500 5,541 23.140 177 2,083 17,754 22,500 5,541 23,140 71,195 71,195 TOTAL FUNDS ,275,861 25,569 1.301,430 Page 28 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 3] MARCH 2024 20. MOVEMENT IN FUNDS- continued Net movement in fiinds, included in the above are as follows: Incoming resources Resources expended Gains and 105ses Movement in funds UDr¢$tri¢ted funds General fund Tea Bar Family Holidays Early Days in Custody 1.162.282 151.372 (1.251,152) (110.160) (1.347) (17,341) 20,518 (68,352) 41.212 (1,347) (17,139) 202 1.313.856 (1.380.000) 20,518 (45,626) Restrlcted funds Youth Project Communications, Training & Development Courts C8re Leavers Project Womens Circles Suicide Preventton Garfield Weston Early Days in Custody Helpline PAcf Family Engagement Fund 61,783 4,282 25,499 86,641 63.424 110,951 30,987 45.000 7,389 25.992 {61,783) (4,105) (23.416) (68,887) {63.424) (110,951) (30,987) (22.500) (1,848) (2.852) 177 2,083 17,754 22,500 5.541 23,140 461,948 (390,753) 71.195 TOTAL FUNDS 1,775,804 (1,770,753) 20,518 25,569 Page 29 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- eontinutd FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Tea Bar Family Holidays Early Days in Custody 905.875 299,226 55,253 1,205,101 55.253 3,700 11,807 3,700 88,090 (76,283) 997,665 278,196 1,275,861 Restricted funds Youth Project Special Visits Holmc House Visitors Centre Communications, Training & Development Ann Charnbers Courts Care Leavers Projcct Befriending SGW 38.005 16,309 3,754 21,971 1,917 5.161 21,476 28.705 29.544 44,250 7.389 (38,005) (16.309) (3.754) (21,971) (1.917) (5,161) {21,476) {28.705) (29.544) (44,250) {7,389) Womens Circles 218.481 (218,481) TOTAL FUNDS 1,216,146 59.715 1.275.861 Page 30 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENTS- ¢ODtinued FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows.. Incorning resources Rcsources ¢xpended Gains and losses Movement in funds Unrestricted funds General fi]nd Tea Bar Early Days in Custody ,381,350 248,303 55.000 (1,187,215) {193.050) (131,283) 105,091 299,226 55.253 {76,283) 1,684,653 (1.511.548) 105,091 278,196 Restrleted funds Youth Project Special Visits Holme House Visitors Centre Communications. Trainin8 & Development Ann Chambers Courts Care Leavers Project Befriending SGW Womens Circles (38.005) (16,309) (3,754} (21,971) (1.917) (5.161) {21,476) (28.705) (29,544) {44.250) {7,389) (38,005) (16.309) (3,754) (21,971) (1,917) (5,161) (21,476) {28,705) {29.544) (44,250) {7,389) {218.481) (218,481) TOTAL FUNDS ,684,653 (1,730.029) 105,091 59,715 Page31 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 3] MARCH 2024 20. MOVEMENf IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Ai 31.3.24 At 1.4.22 Unrestricted funds General fund Tea Bar Family Holidays Early Days in Custody 905,875 230.874 96,465 (1,347) (93.422) 1,136.749 96,465 2,353 (5,332) 3,700 88,090 997.665 232.570 ,230,235 Restricted funds Youth Project Special Visits Holme House Visitors Centre Communications. Training & Development Ann Chamb¢rs Courts Care Leavers Proj¢¢t Befriendin8 SGW 38.005 16,309 3,754 21.971 1,917 5.161 21.476 28,705 29.544 44,250 7,389 {38,005) {16,309) {3.754) {21.794) (1,917) (3.078) (3,722) (28,705) (29.544) (44.250) (7.389) 22,500 5,541 23.140 177 2.083 17,754 Womens Circles Garfield Weston Early Days in Custody Helpline PACT Family Engagcment Fund 22,500 5,541 23,140 218,481 {147,286) 71,195 TOTAL FUNDS ,216,146 85,284 1,301,430 Page 32 continued...
NEPACS NOTES TO THE FINANCIAL STATEMENIS- eolltinued FOR THE YEAR ENDED 31 MARCH 2024 20. MOVEMENT IN FUNDS - eontinued A CU¢nt year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources cxpended Gains and loss¢s Movement in funds Unreslrieted funds General fund Tea Bar Family Holidays Early Days in Custody 2,543,632 399,675 (2,438.367) (303.210) (1,347) (148,624) 125,609 230,874 96,465 (1,347) (93,422) 55.202 2,998,509 {2.891.548) 125,609 232,570 RerACted thnds Youth Project Special Visits Holme Housc Visitors Centre Communications, Training & Development Ann Chambers Courts Care Leavers Project Befriending SGW Womens Circles Suicide Prevention Garfield Weston Early Days in Custody Helpline PAcf Family Engagement Fund 61,783 {99.788) (16,309) (3,754) (26.076) (1,917) (28.577) (90,363) (28,705) (29.544) (107.674) (118.340) (30,987) (22,500) (1,848) (2.852) (38,005) (16,309) (3.754) (21,794) (1,917) (3,078) (3,722) (28.705) (29,544) (44,250) (7,389) 4,282 25,499 86.641 63.424 110,951 30,987 45.000 7,389 25,992 22,500 5,541 23,140 461,948 (609.234) (147,286) TOTALFUNDS 3,460,457 {3,500,782) 125,609 85,284 21. RELATED PARTY DISCLOSURES NEPACS Trading Limited {Company Registration No. 07923538) is a wholly owned subsidiary of NEPACS. During the year the company mainlained an Intere free loan from its subsidiary. At 31 Mawh 2024 the balanr on the loan was £1 (2023: £1). 22, ULTIMATE CONTROLLING PARTY The charitsble company is controlled by the board of trustres. Page 33