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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative
Details||||||
|Report ofthe|board oftrustees
(including
Strategic Report)|||||
|Report ofthe|Independent|Auditors||||
|Consolidated|Statement|of Financial|Activities|(Current Year)||
|Consolidated|Statement|of Financial|Activities|(Prior Year)|12|
|Consolidated|Statement|of Financial|Position||13|
|Consolidated|Cash Flow|Statement||||
|Notes to the|Consolidated|Cash Flow Statements||||
|Notes to the|Consolidated|Financial Statements|||17|
##
|Trustees||||Ashley Baxter||||
|---|---|---|---|---|---|---|---|
|||||Paul Collins||||
|||||Alexander
Foster||||
|||||Dave Liversidge||||
|||||Julian Marsh||||
|||||Dr Robin Wilson||||
|Secretary||||Philip Angus||||
|Senior Management||Team||Miranda Cumberbatch —Chief Executive||||
|||||Philip Angus —Finance and Development||Manager||
|||||Darren Barker —Contract|and Home Improvement||Manager|
|Registered|office|||Queens Walk Community|Centre|||
|||||Queens Walk||||
|||||Nottingh
am||||
|||||NG2 2DF||||
|Company|Registration||Number|04257637||||
|Charity Registration||Number||1091513||||
|Auditors||||Rogers Spencer||||
|||||Newstead
House||||
|||||Pelham
Road||||
|||||Nottingham||||
|||||NG5 1AP||||
|Bankers||||NatWest||||
|||||16South Parade||||
|||||Nottingham||||
|||||NG1 2JX||||
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|||||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds||2023|2022|
|rr nt Financial Year|||Notes|6||E|8|6|
|INCOME:|||||||||
|Donations
and legacies|||4|716291|||716291|849170|
|Income from other trading activities:|||||||||
|Commercial
trading operations
Sundry income|||8|114,816
3,757|||114,816
3,757|152,457
4,419|
|||||118573|||118573|156876|
|Investment
Income|||5|7,299|||7,299|8,795|
|Income from charitable||activities:|||||||
|Grants and contracts|||6||438,601||438,601|265,587|
|Sales and fees||||41,299|||41,299|26,063|
|Sundry
income||||11,670||348|12,018|1,250|
|||||52 969|438|941|491918|292900|
|TOTAL INCOME|||||||||
|EXPENDITURE:|||||||||
|Cost ofraising funds:
Commercial
trading operations|||8|98,495|||98,495|149,961|
|Charitable
activities|||||||||
|Expenditure
on charitable||activities|7|688,529|366,783||1,055,312|826,595|
|TOTAL EXPENDITURE||||~77 24|~777uu||~54792||
|Net (expenditure)/income||before|||||||
|transfers
Gross transfers
between||funds|9
21|108,108
15.430|72,166
~15,430)||180,274|331,185|
|Net movement
offunds|in year|||123,538|56,736||180,274|331,185|
|RECONCILIATION
OF|FUNDS||||||||
|Total funds brought forward||||1,118,240|172,654||1,290,894|959,709|
|Total funds carried forward|||21|~124
@|~22|9Q|D~~|~12 0
4|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2022|
|Prior Financial Year||Notes|E|6|6|
|INCOME:||||||
|Donations
and legacies||4|8491711||849178|
|Income from other trading activities:||||||
|Commercial
trading operations||8|152,457||152,457|
|Sundry income|||4,419||4,419|
||||156878||166876|
|Investment
Income||5|8795||8,795|
|Income from charitable|activities:|||||
|Grants and contracts||6||265,587|265,587|
|Sales and fees|||26,063||26,063|
|Sundry income|||1,250
27 313|265 587|1,250
~22 9DD|
|TOTAL INCOME|||~642364|~65357|1 3D7741|
|EXPENDITURE:||||||
|Cost of raising funds:||||||
|Commercial
trading operations||8|149,981||149,961|
|Charitable
activities||||||
|Expenditure
on charitable
activities
TOTAL EXPENDITURE||7|605,481
~5.~|221,114
221 114|828,595|
|Net (expenditure)/income|before transfers|||||
|||9|286,712|44,473|331,185|
|Gross transfers
between|funds|21|3,304|(3,304)||
|Net movement
offunds|in year||290,016|41,169|331,185|
|RECONCILIATION
OF|FUNDS|||||
|Total funds brought forward|||828,224|131,485|959,709|
|Total funds carried forward||21|~~1240|~72~|A~J$4|
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|||||Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||Note||6|E|6|
|Fixed assets|||||||
|Tangible assets||14|21,206|7,251|17,955|7,111|
|Investments||15|291,713|291,713|291 714|291,714|
||||312919|298,964|309669|298,825|
|Current assets|||||||
|Investments||16|500,000|500,000|500,000|500,000|
|Debtors||17|330,153|231,615|308,891|228,639|
|Cash at bank|and
in hand||736712|655368|663845|458 1DD|
||||1,566,865|1,386,983|1,372,736|1,196,739|
|Creditors:|||||||
|Amounts
falling due within one
year||18|~83616|~TO,D53|~75,619|~43987,|
|Net current assets|||1,483,249|1,316,930|1,297,117|1,152,752|
|Total asset less current|||||||
|liabilities|||1,796,168|1,615,894|1,606,786|1,451,577|
|Creditors|||||||
|Amount
falling
than one year|due after more|19|~325.000|~325,000|~825,000|~325,000|
|Net Assets|||1 471 168|1,290 894|1.281.786|1,126,577|
|Funds:|||||||
|Unrestricted|funds|21|1,241,778|1,118,240|1,052,396|953,923|
|Restricted funds||21|229,390|1'72,654|229,390|172,654|
||||1,471,168|1,290,894|1,281,786|1,126,577|
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|||Notes|2023|2022|
|---|---|---|---|---|
||||E||
|Cash flows from operating
activities|||99,604|342,385|
|Cash flows from investing
activities|||||
|Interest income/(expenditure)|||7,299|8,795|
|Purchase oftangible fixed assets
Purchase of investment
property|||(25,559)|(5,757)
~281713|
|Cash used in investing
activities|||~78,288|~288675|
|Increase/(decrease)
in cash and|cash equivalents||81,344|53,710|
|Cash and cash equivalents
at 1|April 2022||655,368|601,658|
|Total cash and cash equivalents|at 31 March 2023|2|736712|655368|
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|RECONCILIATION
ACTIVITIES|OF N|ET MO|VEMENT
IN FUNDS TO NET|CASH FROM OPERATIN|G|
|---|---|---|---|---|---|
|||||2023|2022|
|||||8|E|
|Net income/(expenditure)||for the|year before interest|||
|received and paid||||172,975|322,390|
|Depreciation
charges||||11,604|7,276|
|(Increase)/decrease|in debtors|||(98,538)|10,180|
|Increase/(decrease)|in creditors|||13563|2539|
|Net cash inflow from operating|||activities|66 6114|342,385|
|CASH AND CASH EQUIVALENTS||||||
|Year ended 31March 2023||||||
|||||31March|31March|
|||||2023|2022|
|||||E|6|
|Cash and cash equivalents||||736712|655,368|
|||||736,712|655,368|
|Year ended 31 March 2022||||||
|||||31 March|31 March|
|||||2022
5|2021f|
|Cash and cash equivalents||||655,368|601,658|
|||||655,368|861658|
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|experience and other factors
estimates.|t|hat are considered
to be|hat are considered
to be|hat are considered
to be|relevant. Actual r|esults may differ fro|esults may differ fro|m these|
|---|---|---|---|---|---|---|---|---|
|The estimates
and underlying||assumptions
are reviewed|||on an ongoing|basis. Revisions to|||
|accounting
estimates are recognised|||in the period|in which the estimate||is revised where the revision|||
|affects only that period, or in|the period ofthe revision and future periods|||||where the revision||affects|
|both current and future periods.|||||||||
|INCOME FROM DONATIONS||AND|LEGACIES||||||
|||||||Total||Total|
|||Unrestricted||Restricted||Funds|Funds||
||||Funds||Funds
8|2023f||2022|
|Donations and le acies:|||||||||
|Donations
from companies,|||||||||
|Trusts and similar proceeds||||||||1,608|
|Grants Receivable:|||||||||
|Government
grants|||139,915|||139,915|428,779||
|Grants from other chadties|||2,250|||2,250|16,800||
|Grants from companies|||574,126|||574,126|401,963||
||||716,291|||716,291|849,170||
|||||||Total|||
||||Unrestricted||Restricted|Funds|||
||||Funds||Funds|2022|||
||||E||E|E|||
|Donations
and le acies:|||||||||
|Donations
from companies,|||||||||
|Trusts and similar proceeds|||1,608|||1,608|||
|Grants Receivable:|||||||||
|Government
grants|||428,779|||428,779|||
|Grants from other charities|||16,800|||16,800|||
|Grants from companies|||401,983|||401,983|||
||||849,170|||849,170|||
|||||||Total||Total|
|||||||2023||2022|
|Analysis ofGovernment|grants:|||||6||E|
|Nottingham
City Council|||||||408,779||
|Nottinghamshire
County Council||||||137,450|20,000||
|Nottingham
Trent University||||||2 465|||
|||||||139,915|428,779||
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|OME F|ROM D|O|NATION|S||AND LE|GACI|ES (continued)||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Total|Total|
|||||||||||2023|2022|
|Analysis ofgrants from|||||companies:|||||6||
|East Midlands||Affordable|||Warmth|||||134,874||
|Energy Projects Team
E-On Energy Solutions
National
Grid Electricity||||Distribution||||||401,651
15,733
21 868|210,759
191,224|
|||||||||||574,126|401,983|
|VESTME|NT INCOME|||||||||||
|||||||||||Total|Total|
|||||||||Unrestricted|Restricted|Funds|Funds|
|||||||||Funds|Funds|2023|2022|
|Interest|receivable
on bank
1«
t
tt|||||deposits
t|t|E
2,914
4385|6|E
2,914
4385|2
45
8758|
|||||||||7299||7299|8,795|
|||||||||||Total||
|||||||||Unrestricted|Restricted|Funds||
|||||||||Funds
E|Funds|2022f||
|Interest|receivable
and similar income:|||||||||||
|Interest|receivable
on bank|||||deposits||45||45||
|||||tt||1|1|875D||8,750||
|||||||||8,795||8795||
|OME FROM GRANTS AND||||||CONTRACTS||||||
|||||||||||Total|Total|
|||||||||Unrestricted|Restricted|Funds|Funds|
|||||||||Funds|Funds|2023|2022|
||||||||||6|E|E|
|Charity|Cadent|Foundation|||||||30,000|30,000||
|Energy
National|Redress
Lottery|Community||||Fund|||92,376
306,525|92,376
306,525|245,715|
|Nottinghamshire|||Community|||Energy|||9,000|9,000||
|Nottinghamshire|||County Council||||||||19,872|
|Others|||||||||700|700||
||||||||||438 6D1|438601|265587|
|||||||||||Total||
|||||||||Unrestricted|Restricted|Funds||
|||||||||Funds|Funds|2022||
|||||||||5|E|||
|Nottinghamshire|||County|Council|||||19,872|19,872||
|National|Lottery|Community||||Fund|||245,715|245,715||
|Energy|Redress|||||||||||
|Broxtowe Borough Council||||||||||||
||||||||||265587|265,587||
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||||Total|Total|
|---|---|---|---|---|
||Unrestricted|Restricted|Funds|Funds|
||Funds
f|Funds|2023
f|2022
f|
|Direct expenses|248,016|39,887|287,903|292,557|
|Salaries,
Nl and pensions|394,482|134,014|528,496|407,589|
|Premises costs|14,139|9,004|23,143|16,615|
|Professional fees|17,054||17,054|7,165|
|Depreciation|10,380||10,380|7,136|
|Administration|7,978|98,593|166,571|93,176|
|Other expenditure
Overhead
reallocation|6,842
~26,362|14,923
70,362|21,766|2,357|
||688,529|366,783|1,055,312|826,595|
||||Total||
||Unrestricted|Restricted|Funds||
||Fundsf|Funds|2022f||
|Direct expenses|224,129|68,428|292,557||
|Salaries,
Nl and pensions|394,127|13,462|407,589||
|Premises costs|9,573|7,042|16,615||
|Professional
fees|7,165||7,165||
|Depreciation|5,699|1,437|7,136||
|Administration|60,157|33,019|93,176||
|Other expenditure
Overhead
reallocation|2,013
~92,332|344
97,382|2,357||
||605,461|221,114|826,595||
##
##
|A summary
ofthe trading
results|is shown|below:|||
|---|---|---|---|---|
||||2023|2022|
||||K||
|Turnover|||122,833|160,543|
|Interest receivable|||727|15|
|Cost ofsales and administration|costs||(98,495)|(149,961)|
|Surplus for the year|||25,065|10,597|
|Taxation|||||
|Retained
in subsidiary|||25,065|10,597|
|The assets and liabilities ofthe|subsidiary|were:|||
||||2023
8|2022f|
|Fixed assets|||3,251|140|
|Current assets|||194,294|190,574|
|Current
liabilities|||(8,162)|(26,396)|
|Net assets/(liabilities)|||189,383|164,318|
|NET INCOMING RESOURCES|FOR THE|YEAR|||
|This is stated after charging:|||||
||||2023|2022|
||||E||
|Depreciation|||11,604|7,136|
|Auditor's
remuneration|||||
|Audit services|||8,350|7,200|
|Accounting
services|||1,750|1,800|
|Other services|||||
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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||6||6|
|Salaries|and wages||||||495,127|||407,617|
|Social security costs|||||||37,236|||27,866|
|Pension|Costs||||||15,590|||12,801|
||||||||547,953|||448,284|
|No employee
received|||emoluments||of more|that 560,000||during|the year.||
|The monthly average|||number|ofemployees||(including|the|during the year, was as follows:|||
|||||||||2023||2022|
||||||||||5|6|
|Average|monthly|number of||employees||||24||23|
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|NGIBLE FIXEDASSETS|||
|---|---|---|
||Fixtures,||
||Fittings &||
|~Grou|Equipmentf|Totalf|
|COST|||
|At 1 April 2022|31,421|31,421|
|Additions|25,559|25,559|
|Disposals|||
|At 31 March 2023|56,980|56,980|
|DEPRECIATION|||
|At 1 April 2022|24,170|24,170|
|Provided
in year|11,604|11,604|
|Eliminated
on disposal|||
|At 31 March 2023|35774|35774|
|NET BOOK VALUE|||
|At 31March 2023|21,206|21,206|
|At 31 March 2022|7,251|7,251|
||Fixtures,||
||Fittings 8||
|~Com
an|Equipmentf|Totalf|
|COST|||
|At 1 April 2022|27,258|27,258|
|Additions|21,224|21,224|
|Disposals|||
|At 31 March 2023|48,482|48,482|
|DEPRECIATION|||
|At 1 April 2022|20,147|20,147|
|Provided
in year|10,380|10,380|
|Eliminated
on disposal|||
|At 31 March 2023|30527|30527|
|NET BOOK VALUE|||
|At 31 March 2023|17,955|17,955|
|At 31 March 2022|7,111|7,111|
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|BTORS|||||||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2023|2022|2023|2022|
||||6|5|6||
|Trade debtors|||253,556|180,420|232,802|177,689|
|Accrued|income||69,874|48,207|69,874|48,207|
|Prepayments|||6,450|2,988|5,777|2,413|
|Other debtors|||273||273||
|Amounts|owed by subsidiary||||165|330|
||||330 153|231,615|300001|228,630|
|EDITOR|S: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||
||||Group||Company||
||||2023|2022|2023|2022|
||||6|6|6|E|
|Trade creditors|||40,451|19,870|38,835|18,580|
|Taxation|and social security||14,888|23,457|9,827||
|Accruals|||28,277|24,590|26,957|23,330|
|Other creditors||||2,136||2 077|
||||03616|70D53|75010|43,987|
##
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||||Group|Group||Company||
|---|---|---|---|---|---|---|---|
|||2023|||2022|2023|2022|
||||6||6|6|L|
|Otherloans||325 000||325,00D
325,000|||325,000|
|ALYSIS OF NET ASSETS BETWEEN||FUNDS||||||
||Unrestricted|Restricted|||Unrestricted|Restricted||
||Funds|Funds||Total|Funds|Funds|Total|
||2023|2023||2023|2022|2022|2022|
||6|6||6||F|6|
|Tangible fixed assets|312,919|||312,919|298,964||298,964|
|Net current assets|1,253,859|229,390|1,483,249||1,144,276|172,654|1,316,930|
|Long term liabilities|(325,000)|||(325,000)|(325,000)||(325,000)|
|Total|1,241,778|229390|'I|471,168|1,118,240|172,654|1,290,894|
##
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|ANALYSIS OF MOVEM|ENTS
IN FUNDS|ENTS
IN FUNDS|||||
|---|---|---|---|---|---|---|
|Analysis of movements|in unrestricted||funds||||
|||At|Incoming|Resources||At|
|||01/04/22|Resourcesf|expendedf|Transfersf|31/03/23f|
|General fund|1,118,240||895,132|(787,024)|15,430|1,241,778|
||1|110240|000132|787024|15,430|1,241,778|
|||At|Incoming|Resources||At|
|||01/04/21|Resources|expendedf|Transfersf|31/03/22f|
|General
fund||828,224|1,042,154|(755,442)|3,304|1,118,240|
|||828,224|1,042,154|755,442|3304|1 118240|
|General fund|||||||
|The free reserves ofthe|charity.||||||
|Analysis ofmovements|in restricted funds||||||
|||At|Incoming|Resources||At|
|||01/04/22
f|Resources
f|expended|Transfersf|31/03/23f|
|Covid Winter Grant|||||||
|Scheme||38,170|348|||38,518|
|Green Meadows||107,988|307,225|(282,867)|(1,486)|130,860|
|Nottinghamshire|||||||
|Community
Energy||28,073|9,000|(7,159)||29,914|
|Energy Redress||(1,577)|92,376|(76,690)|(13,944)|165|
|Future
Fit Works|||30,000|(67)||29,933|
|||172,654|438,949|366,783|~78430|229,390|
|Analysis ofmovements|In restricted funds||||||
|||At|Incoming|Resources||At|
|||01/04/21|Resourcesf|expendedf|Transfersf|31/03/22f|
|Covid Winter Grant|||||||
|Scheme||89,749|19,872|(71,451)||38,170|
|Green Meadows||13,579|245,715|(148,002)|(3,304)|107,988|
|Nottinghamshire|||||||
|Community
Energy||28,157||(84)||28,073|
|Energy Redress||||(1,577)||(1,577)|
|||131,405|265507|~227,774|~8304|172,654|
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