REGISTERED COMPANY NUMBER; 04523201 (England and Wales) REGISTERED CHARITY NUMBER; 1094658
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR NETHERFIELD FORUM
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Lemans 29 Arboretum Street Nottingham Nottinghamshire NGI 4JA
NETHERFIELD FORUM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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|Report of the Trustees|1|to|8|
|Independent Examiner's|Report|9|
|Statement of Financial|Activities|10|
|Balance Sheet|ll|to|12|
|Notes|to the|Financial|Statements|13|to|22|
|Detailed Statement of Financial|Activities|23|to|24|
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charitios: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019,
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal object of the charity is to promote, for public benefit, urban and rural regeneration in areas of social and economic deprivation, in particular Netherfield, Nottingham by the relief of poverty; the advancement of education; the creation of training opportunities; the creation of employment opportunities; the provision of recreational facilities; the promotion of public safety and the prevention of crime.
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities Achieyements and Performances 2023 the Forum hit the ground running and a very busy year was had by all.
We continued to provide home cooked meals for the community of Netherfield. A smal] increase in cost was applied with takeaway meals at £1.50. Nottingham County Council continue to support with finance to provide hot food for the Netherfield Community. Extremely kind donations from the community have all helped to support this service along with the Forum sourcing local grown vegetables and food to help reduce our carbon footprint. In other business: - St George's Centre continues to provide space by First Class Schooling & Do Talk Right. Young students have access to teaching due to the fact they are not suited to mainstream education. All young people have been respectful and integrated into the community well. Ad hoc bookings come in from Venture Learning, when separate space in needed,
The Netherfield Forum continues to maintain space over both sites for community activities, Our loyal customers such as TOFS and Urban Feet Foot Health Clinic, continued with the support of St George's Centre throughout the year. Sadly, the changes within Gedling BC meant that we lost Jennifer Eurge's role, due to change within their services, a retum to be centralised more at the Arnot Hill main site in Arnold, The Gedling BC continued to support the Forum throughout the year,
Many groups took to online Zoom or Teams Meetings, these are popular and the Forum tries to dial in as and where they can to share and gain information to help the community,
Long standing groups such as Heathcotes Training, Slimming World, Soberlink, Karate, Stay & Play, Spotlight Theatre, NCC Older persons coffee morning, Rebecca Lomas Academy of Voice, NCC Youth Services, Connie Fitness, Line dancing with Sandra, Active Health Coach /Sara who provides classes for Slips Trips & Falls, the Scouting movement, all have continued to operate from both St George's & Loco Centre.
The Girl Guiding movement and NHS self: help groups are now well established along with the local U3A social groups and are increasing use of both centres, Baby Ballet, and the addition of 7 yoga groups, church groups has seen the Loco centre especially busy, The centre is operating 7 days per week with 5 evenings fully booked with youth activities.
Jigsaw Homes continued to host the Job Club on a Monday along with the monthly Memory Café, Towards the latter end of the year the job club model moved over to the FoodBank on Forester Street in hope of targeting those who may need additional help to sustain their families.
Throughout the year the Gedling Borough Councillors held their monthly surgery at St George's Centre helping to address issues through advice or action. This service is still in high demand and well used.
The Local MP Tom Randal has also held ad-hoc evening surgeries at St George's Centre, again a valued service to the community to assist individuals with local issues.
This year the Forum has continued to provide and support the community with volunteering opportunities, While they come to gain skills or for company the Forum recognises, they would not be able to operate without their valued input. We have also seen local senior schools look to us for work experience for students who have an interest in Business Studies and Duke of Edinburgh awards too,
St George's Centre The TSB Banking Service delivered every Tuesday at the centre, has continued to maintain a steady stream, This has highlighted the need in the area after the closing of local branches and banks. The older population still need to have face to face contact to assist with their banking needs, All monies are still being deposited at the local Post Office the service is working well for the local community.
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Citizen Advice provided an additional service on a Tuesday, those who attended were referred from the local Medical Centre, they cut the service part way through due fo staffing, however there is still a great demand for the Thursday services due to the cost-of-living crisis, The advisors are stretched, and appointments are harder to come by. TOFS continue to operate from the centre and have been with the Netherfield Forum for many years, even prior to the building of the St George's Centre,
First Class Tutorial Service continue to teach children in the old IT room. Having young people in the centre is areal bonus and the new ways of working they adopted in September showed it worked, 3 days a week 6 young people work in a classroom environment helping the young people to integrate ready for them to move onto further studies via sixth form or college, or even out into employment.
Venture Learning and Do Talk Rite have continued to use the centre, branching out over to the Loco Centre for working one to one with young people in the kitchen teaching life skills,
Winning lottery funding the centre can now provide new patio doors for the café, this is essential work as we have leaks to the roof and the doors. Work will take place early 2024, This work was completed prior to this report.
The Board of Trustees acknowledge the commitment of the staff throughout the year without their continued support none of the above would have been possible for both the Loco and St George's Centres. New Loco Centre The New Loco Youth Centre has had a successful year with lots of support from a variety of activities from all groups, many new ones have joined us with Yoga being a daily activity at the Loco Centre, evenings too.
Our loyal customers continue to use and provide a community service from daytime to evening activities, The Centre is used daily, 7 days a week both daytime and evenings for Youth Activities often with two sessions on in our now refurbished 2 spaces.
Daytime sessions range from U3A table tennis, to musical groups, Yoga daytime and evenings, Guide movement, Beavers Cubs and Scouts, NCC Youth Clubs, Older persons coffee morning , Knitter and Natter craft group twice weekly, Afternoon Line dancing, Safe and Steady for the elderly, Spotlight theatre, SKY Special Kids Youth Club ,ad-hoc bookings, Mindful groups, Educational space, Parties, Church groups and more.
The final work to complete the renovation took place with the ground floor windows replacement, along with the replacement of the doors to secure the building. The Boiler Room had a new water tank to complete the works.
The Centre has gone from strength to strength in community use. There have been market days, fund raisers and different style of parties held, The Centre has provided a safe space for many children in the area, Many of the groups now haye waiting lists for the children to attend.
We are still very grateful for the funding and help received through the whole process from the purchase and transformation of the building to make a useable space for the building to accommodate and host groups who serve the community.
Community Events
Easter saw the Centre host its 4th Easter Egg giveaway with the kindness and generosity of community groups and Morrison customers. Members of staff and volunteers hid paper Easter eggs around the streets of Netherfield for the children to find. They brought them to the St George's Centre and exchanged for an Easter egg which had been donated by shoppers at Morrison's and the Forum purchased the short fall . 200 children came to collect an Easter egg with the addition of either a cuddly toy or a choice of books. The cuddly toys went down well too,
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
August, we took part in the NCC HAF (Holiday Activity and Food) programme running on 4 consecutive Fridays providing a cooked lunch along with activities to meet the criteria of the programme. One of the Friday's we worked with Gedling Borough Council & Jigsaw homes for parents and children to come along and join in a session of crafting, to an outdoor activity event followed by a takeaway picnic lunch. The theatre group, this year performed in the hall at St George's Centre to provide shade and keep everyone on site, The programme was vety similar to that of 2023, this year we were able to increase numbers and activities still airing on the caution side, This was very well received by the community and was a joint event showing the importance of partnership working with Gedling Borough Council and Jigsaw Homes.
Halloween 2023, again, we were lucky enough to win a HAF bid enabling the Forum to host a daytime event of activities of fun for the children and parents, The Stay and Play mums helped to organise and run the event which was a total success, We used both the St George's & Loco Centre for this event. Hot food cooked by the café provided a warm nourishing meal for all. Then over 50 children with their parents relocated over to the Loco centre to join Jigsaw Homes and Gedling Play Forum to start the afternoon of fun - fancy dress, pumpkin competitions, decorating biscuits and playing a host of Halloween related games, This event during the day was well received by all especially taking home a free activity pack provided by the Gedling Play Forum, along with an additional treat from the local Gedling Inn of free pizza for their tea. This was a bonus for all and another great partnership working in providing food for the families who may be in need.
Xmas Light Switch on - the doors opened at 2pm with a community market to set the day off, the lights went on in the town centre at 4pm, Santa arrived courtesy of the Carlton Rotary Club and its amazing sleigh to give out the advent calendars to the children. 20 stall holders provided a variety of affordable gifts for the community to come along and purchase, many hand crafted, Morrison's customers continued to support the community and provided Advent calendars with the Forum taking up the short fall, The café provided free hot chocolate, with a selection of homemade cakes, tombola, Xmas_ raffles, teddy bear prize every time and more, Burgers and hot dogs were on sale for all to enjoy. We were totally overwhelmed by the community engagement, We worked closely with the Netherfield Primary School and the newly appointed Ward Councillor Alison Hunt, enabling a more together style of working bringing the town and the community centre together,
Christmas meals for the community - tThe Netherfield Walkers held their annual sit-down Christmas Lunch at St George's Centre and fun time was had by all. Kathryn's Yoga group had their first Christmas Lunch with us and again the ladies loved it. Knit & Natter Group opted for Hot Turkey Cobs with the trimmings with roasted potatoes and ali the trimmings. On 22nd December once again the staff, volunteers and Trustees all helped to prepare and cooka traditional roast turkey dinner with a Christmas pudding and custard to follow, the team served just over 120 meals for both sit down and takeaway, Big Thank You's go out to all staff and volunteers and a special one to Gail Radford for her yearly roasting and carving of Tuxford Turkey's, they are the best, The Forum handed out gifts to the families and included the elderly with lovely cosy hand-made blankets made by the Knit & Natter groups for us to donate to the those who might benefit from these lovely items. Stocking Filler gifts were donated by Morrison's lovely customers who had contributed to the event, Morrison provided the Christmas puddings. The Porchester Pub brought down sacks of toys and the St George's Centre also had a large selection to hand out to families in the area who we felt an extra gift under the tree would make a difference,
Carlton Rotary Club contributed £300 toward the cost of feeding the community at Christmas, They also supported the community with vouchers to make a difference at Christmas time. The centre then closed for a well-deserved Christmas break. Back on the 2nd January to look forward to another year serving the community of Netherfield and surrounding areas.
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Principal funding sources and financial review
Financial Review Throughout 2023 the Forum continued to source income to provide low-cost meals and funding from Nottingham County Council and Gedling Borough Council, many private donations came from community people in and around the surrounding areas,
Jigsaw Homes, Morrison, Carlton Rotary Club, Gedling Round Table, Coop Gedling, private donations from local businesses and the community. We have also continued to receive funding to help feed the community from Nottingham County Council and via the HAF programme to cover Summer and October. This funding has provided activities for the parents and children locally. We married the HAF programme into one of the August sessions with Gedling Borough Council and Jigsaw Homes. They provided and contributed to brilliant crafts and a theatre day, with a picnic in the park theme, This activity was very well received by the community of all ages. Look out 2024 we hope to have a brilliant summer of activities,
Throughout 2023 the Forum supported 4 local charities this year. 1, Netherfield Lagoons held a Quiz Night to fundraise for their charity raising well over £1,000, The centre provided the space for free. 2, The Ark Gedling, a quiz was held for them, again the centre provided the space for free. 3, Birmingham Children Hospital - The community raised £200 which Morrisons matched to go towards their fund-raising campaign to purchase a new mobile scanner. 4, Providing free space for a head shave for teenage cancer, a lovely afternoon was had by all who attended,
Staffing Staffing numbers are maintained and the current number of 3 in the Kitchen, 2 Cleaners and 2 post of Reception / Business Development Coordinator and Admin/Financial Coordinator,
Through funding from the Big Lottery, we secured a funded post for a Reception/Business Development Coordinator to help move the business forward, This is a 3-year funded post. Toni Mott is tasked with bringing in new income to sustain her role for the future.
Amanda Wheldon, her role has developed throughout time, she will now have more time to focus on the financial side. While assisting to bed Toni into her role, Amanda has reduced her volunteering and is now focused more on her paid role.
The kitchen saw Lorraine Lee leave us and Ann Bird return, both a sad and good time blended. Lisa and Paula continued to work as part of the busy Kitchen/café team.
Bey, the cleaner at St George's, moved house and finished her role at St George's Centre in August, on a temporary basis Paula and her son took on the role to help the centre out, and to help Paula's son back into employment,
Alan at the grand old age of 76 continues to keep the Loco Centre in tip top condition for all to use. Alan has a backup team with Carole and a helper who provide extra cleaning at the end of the week.
Without such an amazing team the Forum would not exist.
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
‘With sadness we lost valued members in our community and would like to acknowledge them, John Barnet passed on Ist December 2022, his passing was remembered on 12th January 2023 at St George's Church, John had played a big part in the community and at St George's Centre over many years, He was much loved by his wife Lillian and family. Christopher Woodward, also passed, his funeral was in February 2023, another community member who had a community minded spirit and was part of the original trustees of the Netherfield Forum. We also Jost a big character in Jack from Britannia Court, every day Jack came and collected his dinner from the centre, He was a lovely man who always had a smile on his face. Beverley Richardson passed on 11th December 2023, after battling with cancer for 10 years. Beverley was a volunteer at St George's Centre and knew many of the customers as she had lived in Colwick all her 60 years, She was much loved and brought joy to many with her beautiful nature, smile, and kindness. 29th December saw the sad passing of Peggy Woodard. Peggy like Chris were former Trustees and loved the community of Netherfield. Peggy knew everyone and everyone knew Peggy, both now together again and both very much missed by those in the community. All Trustees have been proactive throughout the year volunteering their time at St George's Centre and Loco Centre. They have covered areas including: collecting donations for online sales, kitchen or admin duties, gardening, decorating and general help at events,
Our most valued volunteers, Julie, David, Katherine, Sandy, Kyla, all have continued to support both reception areas and the Shunters café, Their contribution has been most gratefully received by the Trustees and the staff.
The Board of Trustees are humbled by the kind donations, support and love shown to the community of Netherfield. They will continue to serve the community in the best ways they can.
Reserves policy It is the policy of the Trustees of the charity to maintain sufficient reserves to cover day to day running costs and to provide a six-month cushion in the event of income depletion. This has continued to be maintained for the last 17 years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985,
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Governance The trustees of the Forum are committed to continual improvement in their systems and procedures, using the nationally recognised PQASSO quality system as their guide.
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT RECRUITMENT AND APPOINTMENT OF TRUSTEES The Charity welcomes eligible people who have an interest in helping the organisation achieve its objectives by becoming a Trustee. :
The Articles of Association state the eligibility of Trustees, which, in summary, state that those eligible must:
Be over the age of 18
Already be or become members of the organisation
Not be undischarged bankrupts Not previously have been removed from trusteeship of a charity by a Court or the Charity Commissioners Not be under a disqualification order under the Company Directors’ Disqualification Act 1986 Not be disqualified by the Charities Act 1993 (Section 72) from acting as a charity trustee Undertake to fulfil their responsibilities and duties as a trustee of the Charity in good faith and in accordance with the law and within the objectives of the Charity Not have financial interests in conflict with those of the Charity (either in person or through family or business connections) except where formally notified in a conflict of interest statement
INDUCTION AND TRAINING OF NEW TRUSTEES
To ensure Trustees are fully competent, the Charity will:
Provide an up-to-date Trustee Induction Pack Support induction, in a manner tailored to the experience of the individual, by the use of a 'buddy' system whereby each new Trustee is guided by an experienced Trustee or recently retired Trustee Provide access to, and where appropriate cover the costs of, induction training Trustees Conduct de-briefing of retiring Trustees in order to review, and amend where necessary, the Induction of new — OO Provide a job description for honorary officers
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04523201 (England and Wales)
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Registered Charity number 1094658
Registered office
St George's Centre 91 Victoria Road Netherfield Nottingham Nottinghamshire NG4 2NN
Trustees
Mrs T Simpson Mrs L Stafford Mrs S Watson Mr N Kendrick Mr G Tonkin
Company Secretary Mrs L Stafford
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NETHERFIELD FORUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Lemans 29 Arboretum Street Nottingham Nottinghamshire NGI 4JA
Bankers HSBC plc { Victoria Road NottinghamNetherfield ° NG4 2LB
Scottish Widows Bank ple PO Box 12757 67 Morrison Street Edinburgh EH3 8YJ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies, Approved by order ofthe board oftrustees onafo/ 2. and signed on its behalf by:
Mrs L Stafford - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF N D FOR
Independent examiner's report to the trustees of Netherfield Forum (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act,
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
L have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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1, accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2, the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
1 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,
K Mosc
K Mealand
Lemans 29 Arboretum Street Nottingham Nottinghamshire NGI 4JA
Date: BNE.POR[vse]
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NETHERFIELD FORUM
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023
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|31,12.23|31.12.22|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and|legacies|2|28,720|115,199|143,919|137,594|
|Charitable|activities|
|St, George's Centre|77,021|-|77,021|79,902|
|Loco Youth Centre|;|-|33,388|33,388|22,977|
|Other trading|activities|3|4,847|815|5,662|3,264|
|Investment income|4|616|-|616|102|
|Total|111,204|149,402|260,606|243,839|
|EXPENDITURE ON|
|Charitable|activities|
|St. George's Centre|116,918|19,020|135,938|112,846|
|Loco Youth Centre|~|35,907|35,907|16,082|
|Other|12,689|-|12,689|7,932|
|Total|129,607|54,927|184,534|136,860|
|NET INCOME/(EXPENDITURE)|(18,403 )|94,475|76,072|106,979|
|RECONCILIATION OF FUNDS|
|Total|funds brought forward|278,028|606,270|884,298|777,319|
|TOTAL FUNDS CARRIED FORWARD|259,625|700,745|960,370|884,298|
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The notes form part of these financial statements
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NETHERFIELD FORUM (REGISTERED NUMBER; 04523201)
BALANCE SHEET 31 DECEMBER 2023
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|---|---|---|---|---|---|---|---|
|31,12,23|31.12.22|
|Unrestricted|Restricted|Total|Total|
|£|£|£|£|
|Notes|fund|funds|funds|funds|
|FIXED|ASSETS|
|Tangible assets|9|338,063|644,962|983,025|922,063|
|CURRENT|ASSETS|
|Debtors|10|6,477|4,707|11,184|8,899|
|Cash at bank|66,706|51,077|117,783|108,088|
|73,183|55,784|128,967|116,987|
|CREDITORS|
|Amounts|falling due within one year|11|(8,283)|-|(8,283)|(10,748)|
|NET CURRENT ASSETS|64,900|55,784|120,684|106,239|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|402,963|700,746|1,103,709|1,028,300|
|CREDITORS|
|Amounts falling|due|after more than one year|12|(143,339)|-|(143,339)|(144,002)|
|NET ASSETS|259,624|700,746|960,370|884,298|
|FUNDS|16|
|Unrestricted|funds|259,624|278,028|
|Restricted|funds|700,746|606,270|
|TOTAL FUNDS|960,370|884,298|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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NETHERFIELD FORUM (REGISTERED NUMBER: 04523201)
BALANCE SHEET- continued 31 DECEMBER 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on Bally. {RALY. and were signed on its behalf by:
Mrs T Simpson - Trustee
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The notes form part of these financial statements
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NETHERFIELD FORUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1, ACCOUNTING POLICIES
Basis of preparing the financial statements Netherfield Forum is a charity in England and Wales, In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity, The address of the registered office is given in the . charity information on page 5 of these financial statements. The nature of the charity's operations and principal activities are stated on page | of these financial statements.
The charity constitutes a public benefit entity as defined by FRS102, The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice,
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £, The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated,
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Cafe sales and room hire income is accounted for in the period to which it relates.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date, In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the contro! of the charity and it is probable that those conditions will be fulfilled in the reporting period,
The charity receives government grants in respect of various projects. Income from local council grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Plant and machinery ~ 33% on cost Fixtures and fittings - 15% reducing balance
Taxation The charity is exempt from corporation tax on its charitable activities,
continued...
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NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
- 1, ACCOUNTING POLICIES- continued
Fund accounting Unrestricted funds can be used in accordance with the charitable objectives 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 purpose ofeach fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Current assets
Debtors and Creditors receivable and payable within one year are recorded at transaction price.
Cash at Bank - The charity holds sufficient funds in order to meet its short term cash commitments as they fall due.
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|---|---|---|---|---|---|
|2.|DONATIONS AND LEGACIES|31,12.23|31.12.22|
|£|£|
|Donations|15,587|16,287|
|Grants|128,332|121,307|
|143,919|137,594|
|Grants received,|included|in the above,|are as follows:|31.12.23|31.12.22|
|£|£|
|National|Lottery Community Fund|110,768|-|
|Gedling Borough Council|-|63,817|
|Nottinghamshire County Council|16,464|53,790|
|Other|1,100|3,700|
|128,332|121,307|
|3,|OTHER TRADING ACTIVITIES|31.12.23|31,12,22|
|£|£|
|Fundraising events|5,662|3,264|
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NETHERFTELD FORUM
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
||||||
|---|---|---|---|---|
|4,|INVESTMENT INCOME|
|31,12,23|31.12.22|
|£|£|
|Deposit account|interest|616|102|
|5.|SUPPORT COSTS|Governance|
|costs|
|£|
|St.|George's|Centre|3,525|
|Support costs, included in the above, are as follows:|31.12.23|31.12,22|
|St.|
|George's|Total|
|Centre|activities|
|£|£|
|Accountancy and legal|fees|3,525|3,215|
|6.|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure)|is|stated|after charging/(crediting):|
|31.12.23|31.12.22|
|£|£|
|Depreciation|- owned|assets|32,542|30,853|
|Hire of|plant and machinery|1,411|1,411|
|Independent|Examination Fees|3,525|3,215|
----- End of picture text -----
7. TRUSTEES! REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees’ expenses
During the year a total of £nil (2022 - £nil) of expenses were reimbursed to 0 (2022- 0) trustees for goods purchased on behalf of The Forum,
Page 15
continued...
|
| |
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 8. | STAFFCOSTS | 31.12.23 | 31.12.22 | |
|---|---|---|---|---|
| £ | £ | |||
| Wagesand salaries | 71,064 | 47,237 | ||
| 71,064 | 47,237 | |||
| The averagemonthly numberofemployees duringtheyearwasas follows: | ||||
| 31.12.23 | 31.12.22 | |||
| Employees | 7 | 6 | ||
| Noemployeesreceivedemoluments inexcessof£60,000. | ||||
| 9, | TANGIBLEFIXED ASSETS COST At 1 January2023 Additions |
Freehold property £ 1,251,582 1,884 |
Property Improvements £ - 89,277 |
Plantand machinery £ 9,007 - |
| At31 December2023 | 1,253,466 | 89,277 | 9,007 | |
| DEPRECIATION At 1 January2023 Charge foryear |
350,548 25,071 |
- 1,786 |
9,007 - |
|
| At31December2023 | 375,619 | 1,786 | 9,007 | |
| NETBOOKVALUE At31 December2023 |
877,847 | 87,491 | - | |
| At31December2022 | 901,034 | - | - |
Page 16
continued..,
7
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 9, | TANGIBLEFIXED ASSETS -continued | Fixtures | ||
|---|---|---|---|---|
| and fittings £ |
Computer equipment £ |
Totals £ |
||
| COST At 1 January 2023 Additions |
47,903 2,345 |
7,689 - |
1,316,181 93,506 |
|
| At31 December2023 | 50,248 | 7,689 | 1,409,687 | |
| DEPRECIATION At 1 January2023 Chargeforyear |
29,439 3,122 |
5,126 2,563 |
394,120 32,542 |
|
| At31 December2023 | 32,561 | 7,689 | 426,662 | |
| NETBOOKVALUE At31 December2023 |
17,687 | “ | 983,025 | |
| At31 December2022 | 18,464 | 2,563 | 922,061 | |
| 10. | DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR | 31.12.23 | 31.12.22 | |
| £ | £ | |||
| Trade debtors Otherdebtors Prepayments and accrued income |
8,691 - 2,493 |
7,098 86 1,715 |
||
| 11,184 | 8,899 | |||
| Li. | CREDITORS:AMOUNTSFALLINGDUEWITHINONEYEAR | 31.12.23 | 31,32,22 | |
| £ | £ | |||
| Bankloans andoverdrafts(seenote 13) Trade creditors Accrualsand deferred income |
2,307 916 5,060 |
3,858 2,034 4,856 |
||
| 8,283 | 10,748 |
Page 17
continued..,
|
|
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS~ continued FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|12.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|31.12.23|31.12.22|
|£|£|
|Bank loans (see note|13)|143,339|144,002|
|13.|LOANS|
|An|analysis of|the maturity of loans|is|given|below:|
|31.12.23|31.12.22|
|£|£|
|Amounts|falling due within|one|year on|demand:|
|Bank|loans|2,307|3,858|
|Amounts|falling|between|one|and two|years:|
|Bank|loans|-|1-2 years|2,542|4,003|
|Amounts|falling|due between two and|five years:|
|Bank loans|- 2-5|years|12,539|13,078|
|Amounts|falling due|in|more than|five years:|
|Repayable by|instalments:|
|Bank loans more|5 yr by|instal|128,258|126,921|
|14,|LEASING AGREEMENTS|
|Minimum|lease payments|under non-cancellable operating|leases|fall due as follows:|
|31,12,23|31,12.22|
|£|£|
|Within one year|1,339|1,339|
|Between one and|five|years|1,004|2,344|
|2,343|3,683|
|15,|SECURED|DEBTS|
|The|following|secured|debts|are|included|within|creditors:|
|31,12,23|31,12.22|
|£|£|
|Bank|loans|145,646|147,860|
|The|Charity Bank Ltd has|a fixed|charge|over|St George's|Centre.|
----- End of picture text -----
,
Page 18
continued...
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|16.|MOVEMENT IN FUNDS|Net|
|movement|At|
|At|14,23|in|funds|31,12,23|
|£|£|£|
|Unrestricted|funds|
|General fund|278,028|(18,404)|259,624|
|Restricted|funds|
|Youth|41,486|15,386|56,872|
|Youth Centre Equipment|5,534|(830)|4,704|
|Property|558,053|(17,951)|540,102|
|Shunters|refurbishment|927|(139)|788|
|Big Lottery|270|(40)|230|
|National|Lottery|Community Fund|- RC|
|Midlands Region|-|97,860|97,860|
|Clean Up Crew|-|190|190|
|606,270|94,476|700,746|
|TOTAL FUNDS|884,298|76,072|960,370|
|Net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|111,204|(129,608 )|(18,404)|
|Restricted|funds|
|Youth|38,385|(22,999)|15,386|
|Youth Centre Equipment|-|(830)|(830)|
|Property|(1)|(17,950)|(17,951)|
|Shunters|refurbishment|-|(139)|(139)|
|Big Lottery|-|(40)|(40)|
|National|Lottery|Community Fund|- RC|
|Midlands Region|110,768|(12,908|}|97,860|
|Clean Up Crew|250|(60)|190|
|149,402|(54,926)|94,476|
|TOTAL FUNDS|260,606|(184,534)|76,072|
----- End of picture text -----
Page 19
continued...
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
16. MOVEMENT IN FUNDS[-] continued
Comparatives for movement in fands
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1,1.22|in|funds|funds|31,12.22|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|133,628|3,831|140,569|278,028|
|Restricted|funds|
|Youth|32,205|122,281|(113,000|[)]|41,486|
|Youth Centre Equipment|207|(976)|6,303|5,534|
|Property|574,713|(17,948)|1,288|558,053|
|Shunters|refurbishment|-|(163)|1,090|927|
|Big Lottery|316|(46)|-|270|
|New Build|36,250|-|(36,250)|-|
|643,691|103,148|(140,569)|606,270|
|TOTAL FUNDS|717,319|106,979|-|884,298|
----- End of picture text -----
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
||||||
|---|---|---|---|---|
|{Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|102,859|(99,028)|3,831|
|Restricted|funds|
|Youth|140,979|(18,698)|122,281|
|Youth Centre Equipment|-|(976)|(976)|
|Property|-|(17,948)|(17,948)|
|Shunters|refurbishment|-|(163)|(163)|
|Big Lottery|l|(47)|(46)|
|140,980|(37,832)|103,148|
|TOTAL FUNDS|243,839|(136,860)|106,979|
----- End of picture text -----
Page 20
continued...
| | |
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023
16, MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.1.22|in|funds|funds|31.12.23|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|133,628|(14,573)|140,569|259,624|
|Restricted|funds|
|Youth|32,205|137,667|(113,000)|56,872|
|Youth Centre Equipment|207|(1,806)|6,303|4,704|
|Property|574,713|(35,899)|1,288|540,102|
|Shunters|refurbishment|-|(302)|1,090|788|
|Big Lottery|316|(86)|-|230|
|New Build|36,250|”|(36,250)|.|
|National Lottery Community Fund|- RC|
|Midlands Region|-|97,860|-|97,860|
|Clean Up Crew|-|190|-|190|
|643,691|197,624|(140,569|)|700,746|
|TOTAL FUNDS|777,319|183,051|-|960,370|
|A current year|12 months and|prior year 12 months combined|net movement|in funds,|included|in the above|are|as|
|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|214,063|(228,636|)|(14,573)|
|Restricted|funds|
|Youth|179,364|(41,697)|137,667|
|Youth Centre Equipment|-|(1,806)|(1,806)|
|Property|(1)|(35,898)|(35,899)|
|Shunters refurbishment|-|(302)|(302)|
|Big Lottery|1|(87)|(86)|
|National|Lottery|Community Fund|- RC|
|Midlands Region|110,768|(12,908|[)]|97,860|
|Clean Up Crew|250|(60)|190|
|290,382|(92,758)|197,624|
|TOTAL FUNDS|504,445|(321,394)|183,051|
----- End of picture text -----
Purposes of restricted funds
Youth - To cover the running costs of the Loco Youth Project.
continued...
Page 2]
|
NETHERFIELD FORUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 3] DECEMBER 2023
- MOVEMENT IN FUNDS- continued
Youth centre equipment - To provide plant & equipment for the Laco Youth Centre
Property - Building costs, St. George's centre, less depreciation costs
Shunters refurbishment - To contribute towards the refurbishment of Shunters Cafe and seating area
Big Lottery - To fund the refurbishment of Shunters Cafe
New Build - To contribute towards the New Loco Centre improvements.
National Lottery Community Fund- RC Midlands Region - To contribute towards improvements to the New Loco Centre and staffing costs.
Clean Up Crew ~- To contribute to plants and equipment in Netherfield town centre.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 22
‘
NETHERFIELD FORUM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 THE YEAR ENDED 31 DECEMBER 2023 YEAR ENDED 31 DECEMBER 2023 ENDED 31 DECEMBER 2023 31 DECEMBER 2023 DECEMBER 2023 2023
----- Start of picture text -----
|||||
|---|---|---|---|
|FOR THE YEAR ENDED 31 DECEMBER 2023 THE YEAR ENDED 31 DECEMBER 2023 YEAR ENDED 31 DECEMBER 2023 ENDED 31 DECEMBER 2023 31 DECEMBER 2023 DECEMBER 2023 2023|31,12,23|31.12.22|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|15,587|16,287|
|Grants|128,332|121,307|
|143,919|137,594|
|Other trading|activities|
|Fundraising|events|5,662|3,264|
|Investment|income|
|Deposit account|interest|616|102|
|Charitable|activities|
|Cafe sales|36,558|27,013|
|Room|hire|71,353|68,625|
|Printing and|photocopying|1,005|955|
|Room|refreshments|-|5,661|
|Equipment hire|295|50|
|Sundry|income|849|321|
|Bingo income|349|254|
|110,409|102,879|
|Total incoming resources|260,606|243,839|
|EXPENDITURE|
|Charitable|activities|
|Payroll costs|71,064|47,237|
|Hire of|plant and machinery|1,411|1,411|
|Rent,|rates and water|4,270|1,512|
|Insurance|5,074|5,003|
|Light|and heat|13,976|13,156|
|Telephone|1,417|2,497|
|Postage and|stationery|776|777|
|Sundries|124|85|
|Catering supplies|14,865|9,027|
|Cleaning and hygiene|3,109|2,834|
|Equipment purchase|1,200|985|
|Event|costs|526|-|
|Health and safety|1,069|703|
|Licences|335|262|
|Carried forward|119,216|85,489|©|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 23
a
t t
NETHERFIELD FORUM
----- Start of picture text -----
||||||
|---|---|---|---|---|
|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|
|FOR|THE YEAR ENDED 31 DECEMBER 2023|31,12.23|31,12,22|
|£|£|
|Charitable|activities|
|Brought forward|119,216|85,489|
|Payroll|service|884|852|
|Premises|maintenance|3,227|3,313|
|Security|3,041|1,090|
|Legal and|professional|fees|13|690|
|Grants and|donations|-|175|
|Tutor costs|5,150|870|
|Waste|disposal|1,830|1,329|
|Software|costs|2,418|1,051|
|Freehold property|25,071|25,031]|
|Property|Improvements|1,786|“|
|Fixtures|and fittings|3,121|3,260|
|Computer equipment|2,563|2,563|
|168,320|125,713|
|Other|
|Bank loan|interest|12,369|7,656|
|Bank charges|320|276|
|12,689|7,932|
|Support|costs|
|Governance|costs|
|Accountancy and legal fees|3,525|3,215|
|Total resources|expended|184,534|136,860|
|Net income|76,072|106,979|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 24