REGISTERED COMPANY NUMBER: 04523201 (England and Wales) REGISTERED CEL4RITY NUIWBER: 1094658 REPORT OF THE TRUSTEES AND uAilTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR NETHERFIELD FORUM Lemans 29 Arborern Street Nottingham Nottingham8hire NGI 4JA
NETHERFIELD FORUM CONTENTS OF THE FINANCtAL STATEMENTS FOR THE YEAR Efi'DED 31 DECEITrlBER 2024 Page Report of the Tru5tee5 Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 to 11 IYote$ to the Financial Statemeuts 12 to 21
NETIIERFIELD FORUM REGISTERED NUMBER: 04523201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECELIIBER 2024 The trnstees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 Deceinber 2024. The trnstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). The fanCIal 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 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 published tn October 2019. OBJECTIVES AND ACTIVITIES Objectives and The principal object of the charity is to pmmote, 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 ernploymenl opportunities. the provision of recreational facilities. promotion of public safety and the prevention of crime. Page I
NETHERFIELD FORUM REGISTERED NUTrtBER: 04523201 REPORT OF TI.IE TRUSTEES OR THE YEAR ENDED 31 DECEMBER 2024 ACHtEVEMENT AND PERFORMANCE Charitable actiNTrtie5 Achievements and Performances The Forurn Continues lo serve the community to cover all the needs of 2024 from activities to events to the busy cafe providin(r meals daily Monday to Friday at a low cost, takeaway meals from £1.50. We continue to source our products locally to reduce our carbon footprint, our veg is delivered fortnighily using locally grown potatoes from Woodthoe Fam] and vegetable are on the Lincolnshire borders. The local butcher, Tuxford's are regularly used, our eggs are from the local allotment delivered weekly and are a great source of protein. In other business ive are still providing space for First Class Schooling & Do Talk Right enabling both to have a space within Loco or the St George's Centre to provide teaching for Ihose unable to access mainstream teaching. The young people who access the building help with the generation integration. The NeiherfLeld Forum maintains the spaces over both sites for community actÈvities. Our loyal customers such as TOFS and Urban Feet Foot Health Clinic, continued with the support of St George's Centre throughout the year. Long standing groups such as Slimming World, Soberlink, Karate, Stay & Play, Spotlight Theatre, NCC Older persons coffee morning, Rebecca Lomas Academy of Voice, NCC Youth Services, Scout and Guides Movement, Line dancing with Sandra, Active Health Coach / Sara who provides classes for slips trips & falls, Various Carlton U3A social groups are using both cenlres for table tennis, musi&bands, board games, Grumpy old men have become a favourile witli the staff along with the Wild Weekenders. Newer groups who have joined the Centres are.. ABL self-help groups for weight management along with Yoga with Leah and Katheryn providing different styles of yoga 4 days per week. Jigsaw Hornes host the monthly Memory Cafe, this group has grown and is well received by all who attend. They also provide additional community support throughout 2024 especially at events or paying for training for staff. Throughout the year the Gedling Borough CouncilloTS have held their monthly surgery at St George's Centre helping to address issues through advice or action needed lo improve the lives of individuals here in our comn]unity. This is a much-needed service and is popular lo the locals and the wider community surrounding the centre. The Local fvtP Tom Randel has also held ad-hoc evening surgeries at St Georgie's Centre, again a valued service to the community to assist individuals with local issues. These ceased in June 2024. we are awaitlng the new MP to commence his surgeries for the community. The Forum provides and supports the community with volunleerino opportunities. While they come to gain skills or for a social environment the Forum recogni5es, they would not be able to operate without their valued input. si George's Centre The TSB Bank extended their contract to provided banking advice to the community, this is an essenlial service especially for our older community members. Both Yvonne & Caroline the advisors, are brillianl provide a listening ear, they are very popular ladies. On a Wednesday moming, we offered space to AGE UK to provide a short-temi service to the older conllnunity as tbe changes to pensions bad an impact on our community. Citizen Advice continues here at St George's Centre on a Thursday providing 4 available appointments on the day on a first come first served basis. As always this is an extremely busy service delivered to the Nctherfield Community. Page 2
NETHERFIELD FORUM GISTEI RED NUMER: 04523201 REPORT OF THE TRUSTEES FOR THE IIR ENDED 31 DECEMBER 2024 Both Centres are used for young people who are not accessirvg mainstream schooling. Thi.8 service provides young people with oiie-to-one leaching and targets those who may not fit into inain8tream education. The Forum feels this a valued service and are happy to provide space for young people to use. The IT Suite continues lo be used by First Class Teaching and is now a classroom three days a week with up to 6 young people working together in an integrated way lo provide them with the skills needed to move to further education or employment roles. Do Ta]k Rite hire the Loco Centre kitchen, young people are able lo expres5 themselveq through bakinglskills or the Games room, again helping to integrate and build the young person'8 self-esteem. This example shows how Nethetfield Foruin have diversified to meet the needs and requtrernents of the community's needs. The Board of Trustees acl(nowledge the commitmeijl of the slaff throughout the year without their continued support none of the above would have been possible for both tlie Loco and St George's Centres. Community Events & Fund Raising Throughout the year the staff were proactive in providing raffles, tombola and cake sales lo raise funds to support activities witbin the community. Additional fiLnds were raised through grants, these were in support of projects such as feeding the community at low cost. utility supporL refurbisl]ment of the disabled toilet, support for the stay and play group, activiti for the community especially in the school holidays, not forgetting the Bingo ladies receivtng a cuppa and cake when they join us on a Wednesday afternoon. Conm]unity events saw the funds received distribute back to the community to include the following'.- Easter - the centre hosted ils 5th Easter Egg giveaway with the kindness and generosity of the community via fid raising, we purchased 200 easter eggs to include llilolerance ones for the children, along with GBC new Towns Manager who also supplied us with additional easter eggs to hand out to the cornrnunity. Members of staff and volunteers hid paper Easter eggs around the streets of Netherfield for the children to find. As in previous years they brought the paper eggs with pride to the St George's Centre and exchanged for an Easter egg. Children with parents came to colle¢l an Easter egg with the addition of either a cuddly toy or a choice of books. The cuddly toys went down well with the children. VE Day on 6th June 2024 we celebrated with a meal for the community where 80 plus people joined us for a Comed beef Hash lunch followed by a singing session of with the U3A Singers. August, we took part in the Nottingharnshire CC HAF (Holiday Activity and Food) programme running on 4 consecutive Wednesday and Fridays providing a cooked lunch and pudding, snacks and treats lo take home. Many of these were supported by the local Tesco Store. AclivLlies lo meet the criteria of the PTogTamme included crafting, sports. cooking, gaining skateboarding skills, drama, board games, clay crafting, knitting for beginners, ballon modelling and drumtning all to enrich and teach new skills. The children and young people had an amazing time with number stable each session. Fun was had by all. One of the Friday's we worked with Gedling Borough Council and Jigsaw Homes for parents and children to come along and join in a session of crafting, followed by a picnic lunch in the hall listening to a storyteller. Advice was on hand from a variety of different agency, GBC did a fact-finding exercise with the children and parenlq to gain an insight into hopefully a fully reflthished Jackie Belles Play Park in 2025. John Lewis also supported us with additional funds lo support the children with enriching activities and treats. One special treat was the ice-cream van. October HAF & Halloween 2024 - The HAF ndIng provided 3 sessions of drama with Spotlight, sports and crafting and we hosted a family Halloween Party. The stay and play mums helped to organise and run the event which was a total success. We used both the Si George's & Loco Centre for this event. Hot food cooked by the cafe provided a warm nourishing meal for all. Fancy dress, pumpkin competitions, decoratllig biscuits and playing a host of Halloween related ganies. All the events were held over a 4-hour period during the day and was well received by all especially taking home a free activity pack provided by the Gedling Play Forum, Dice & Ball provided ballon modelling and clay crafts. John Lewis funding helped to support these activities. Page 3
NETHERFIELD FORUM GISTERED NUIIIBER: 04523201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIBER 2024 November Poppy Appeal The con]niunity centre helped the community to bring the poppies to Netherfield after a disastrous 2023 whereby there was no lamppost poppies or displays. Out went an appeal and tlie community came together, knitting crocheting, fund raising and plywood poppy making. Together we raised over £250 to Purchase new lamp-post poppies. Further funding from Cllr Hunt & Cllr Whiting was approved via their GBC Borough pot to buy supplies for the plywood poppies. David Mellors inade the large ply poppies, painted and added to a slake wbicli saw them mounted in St George's Church already for Remembrance Day. It made ali aniazing siglit wÉth many stopping to take pictures or to have the pictures taken. Children ran in between the poppies and the shouts of glee and laUlter really made you smile. The small band of ladies who helped to produce over 1000 poppies came from tlie Loco Centre Knit & Natter group, led by Louise Lindley and her Mum Sandra Fretwell. They helped to attach the poppies lo the netting all ready to go up onlo the railing at St George's Centre. NeiherField did not forget the fallen hero in 2024. There are plans to extend the poppies on tlie nelling for 20?5 to see them up on the town centre railings. The local Fire Brigade helped to put up the poppies on the lamppost, tlie bacon butties and a cuppa helped them on their way. Xnias Liglil Switch on Through Town Centre UKSPF funding we worked with the GBC Cllr Hunt to provide the con]munity with a cracking light switch on. The stage enabled the primary school children to sing their hearts out, to tbeir families. The lights in Nedierfield brighten the place up putting a smile on everyone's face. Once the lights can]e on the public came down to the St George's Centre to be greeted by Santa's elves guidtng everyone to see Santa and his sleigh, The Gedling Round Table Iielped with providing Ibe Santa sleigh and the Carlton Rotary provided a Santa. We collected gifts for the childreii through-out the year wrapped ready for Santa to give out to all cliildren froin babies up to teenagers. Free Hot Chocolate and Mulled wine was handed out to keep everyone wann while queuitLg for Santa. The line went all the way down to the Loco Centre, amazing amount of support Iron] the Community enabling us lo raise a record amount of fundraising to fmish tbe year off nicely. We believe we have tbe best community and are grateful for all they do. Xmas meals were delivered these differently this year, providing a cooked Christn]as dinner and pudding on certain days enabling smaller groups lo meet and eat. We did enjoy the retun] of the Yoga ladies, the walkers and many conununity members. This was the last of our events in December. What a great way to end off 2024. Loco Youth Centre We would neveT have thought that the relocation of the Loco Centre would have provided so many opportunities to the community at large. The growth in the usage is phenomenal. operating 7 days a week along with 5 evenings a week dedicated to Youth Activities. All the groups have seen an increase in numbers, many with waiting lists as they are thll. The forurn continues to support thern wÉth low rental income. This provides the groups opportunities to grow their equipnienl and experiences for the children and young people who attend their session. Altemalive schools Still use the building to deliver one lo one teaching through cooking or creative work. These young people are given skills to help them Teach thetr full potential and open doors for them when tbey are Teady lo transition lo the adult world. New gmups who have joined us are the MERMAIDS Group and the LGBT group. They fd the centre the ideal place to express themselves and enjoy activities using the facilities. The SKY Senior Youth Club have requested lo a Junior Youth Club, thi5 we to plan to help them achieve for 2025, via funding from Sports England. Page 4
NETHERFIELD FORUM REGISTERED NUIVIBER: 04523201 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Principal fuiiding sources and financial revieTrw Financial RevieTrv A review of all policies and procedures was undertaken by Lucy Stafford - Trustee of the Forurn, this is an ongoing process which will be completed in 2025. 2024 the Forum received llding from the following organisations in support of.. Big Lottery in support of a wage. Nottinghamshire County Council in Support of HAF Activities for Summer and October 2024. Nollinghamshire County Council to 5UPPOrt hol food for the community & heating cost. Gedling Borougli Council Cllrs Alison Hunt & Cllr Russell Whiting towards the Poppies for Nethee1d. Gedling Borough Council UKSPF Strength in the Community Fund High Street Funding Award. The Charles Litilewood Hill Trust for afternoon leas and cooking with Ibe children Tesco - the final balance in support of the Loco Centre seOry Room. John Leivis in support of the children's activities over the siimrner and the October holidays. Jigsaw Homes contlliue to provide activicies for the community both young and old. Carlton Rotary Club supported fmancially with montlily payments for food lolalling £800. They also supplied the Forum with money vouchers to be handed out lo those in the community who it would make a difference too. Come Christmas we had a lovely Santa for the community lo receive Christmas gifts. Gedling Round Table - provided the Christmas sleigh, the children and families really enjoyed seeing them. Morrison continue lo support with raffle & produce as do Tesco. Nisa Gedling continues to supply us with food on an ad hoc basis. Private Donations from local Con]UnIty members are always greatly received too. The community of Netherfield and sumunding areas are extremely kind and generous. All of the above makes things happen in our con]munity and the great partnership working is essential to a happy healthy communtty environment. Throughout 2024 the Forum supported 3 local chariiies with free hall hire: l. Netherfield Laooons held a Quiz Night to fundraise for thetr charity raising well over £ l 000. 2. Spoiligbt Theatre for a fund raiser to support their sessions. 3. D-Day Lunch raised £200 to the Royal British Legion. staffg. Siaffmg numbers are maintained and the current number of 2 in the Kitchen, 2 Cleaners and 2 Admin/Financial staff. Our café remains busy on a day-lo-day basis, run by Lisa and Vicki. Wednesday Roast Dinner days are still popular and we have many from the cotntnunity coming in to collect or dine in. Amanda & Toni cover the Administration and keep the ship rnnning smoothly. Bookings for roorn hire for 20?4 have increased. Many of the room hire charges are still very competitive and have not seen all increase in many years. The forum look to providing a service for the community and ils suryounding areas. Neil Kendrick was voted in as the Chair of the ForuTll for 202412025 Paul Sargent was voted onto the Board as a Trustee in June 2024. December 2024. we welcomed Julie Rastall lo tbe Board as a Coopted member - Julie runs the SKY Club (Special Ktds Youth Club) bringing a host of knowledge around Mental Health and disabilities relating to children and young people who live with conditions relating to Autism. 2024 saw changes to a few of our most valued volunteers who moved onto pastures new. This gave opportunities for new volunteers to join our team. Our loyal volunteers are Julie, came to us as we came out of COVtD19 as did Judy, both help lo provide cover at reception on three days a week. Kyla & Sandy now help in the kitchen 2 days a week. Lynda, June and Anka all cover days lo provide cover in the kitchen. We are very grateful lo those who volunteer in many ways, all have continued lo support both centres. Their contribution has been most gratefully received by the Trustees and the staff. Page 5
LNETHERFIELD FORUM GISTERED IYUMBER: 04523201 REPORT OF THE TRUSTEES FOR THE YEAR EI NDED 31 DECEMBER 2024 We closed on 24th Deceiiiber re openin(F on 2nd Jaiiuary 2025 this gave the staff a well-earned break after a very busy year. The staff really go tlie extra mile to provide a great service to tlie conununity, they are all kn"nd, considerate and giving. Reserves policy It is the policy of the Trustees of the charity to maintain suffkcienl reserve.8 to cover day to day running costs and lo provide a SiK-moiith cushion in the event of incon]e depletion. Tliis bas continued to be maintained for the last 17 years. STRUCTURE, GOVERNANCE AND LWAGEMENT Governing document The charity is controlled by ils governing document, a deed of trns¢ and constitutes a lilted company, lin]ited by guarantee, as defined by the Companies Act 1985. Every member of the company undertakes to contribute sucli amount a8 inay be required not exceeding £1 lo the assets of the charitable company in the event of its being wound up while he or she is a men]ber, or within one year after he or she ceases to be a member. Governance The trnste&8 of the Forum are con]mitted to continual irnprovement in their systems and procedures, using the nationally recognised PQASSO quality system as their guide. RECRUITMENT AND APPOllNTIENT 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 slate the eligibility of Trustees, which, in summary. slate tbal those eligible musl.. Be over tbe age of18 Already be or become memberg of the organisation Not be undischarged banktupls Not previously have been ren]oved from tnLsleeship of a charity by a Court or the Charity Commissioners Not be under a disqualification order under the Company Directors, Disqualification Act l986 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 fmancial interests in confiict with those of the Charity (either in person or through famtly or business connections) except where formally notified in a conllict of interest statement INDUCTION AIND TIi4INING OF NEW TRUSTEES To ensure Trustees are fully competent, the Charity will.. Provide an up-lo-dale TnLStee Induction Pack Support induction. in a maTmer tailored to the experience of the individual, by the use of a 'buddy' system whereby each new Trustee 15 guided by an experienced Trustee or recently retired Trustee Provide access to, and where appropriate cover the costs of, induction training Conduct de-briefing of retiring Trustees in order to review. and amend where necessary, the Induction of new Trustees Provide a job description for honorary officers REFERENCE AND ADMtNISTIL4TIVE DETAILS Registered Company number 04523201 (England and Wales) Registered Charity number 1094658 Page 6
NETHERFIELD FORUM REGISTERED NUMBER: 04523201 REPORT OF THE TRUSTEEI S FOR TIIE YEAR ENDED 31 DECEMBER 2024 Registered offiee Si George's Centre 91 Victoria Road Netherfield Nottingham Nollinghamshire NG4 2NN Trustees Mrs T Simpson Mrs L Stafford Mrs S Watson Mr N Kendrick Mr G Tonkin Mr P Sergeni (appointed 25.6.24) Company Secretary Mrs L Stafford Independent Examiner Lemans 29 Arboretum Street Nottingham Nottinghamshire NGI 4JA Bankers HSBC plc I Victoria Road NetherField Nottingham NG4 2LB Scottish Widows Bank plc 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 21J)6 relating lo sn]all companies. Approved by order of the board of trustees on............................................. and signed on its behalf by: Mrs L Stafford- Trustee Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NETFIERFIF,J.D FORUM Independent examiner's report to the trustees of Netherfield Forum ('the Company,) I report to the clTrrity IrLiStees on my exaniination of the accounts of the Conipany for the year ended 31 December 2024. Responsibilities aiid basis of report As die charity'.% trustee4 of the Cornpany (and also ils 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 ?006 ('the ?006 Act,). Haviiig satisfied myself that the accounts of the Coinpany are not required to be audited under Part 16 of the 2006 Act and are eligible tor independeiit examination, I report in respect of my examination ol your charitV5 accounts as caffied out under Section 145 of the Charities Act 2011 ('Ihe 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Comniission under Section 145(5) (b) of the 2011 Act. llldependent examiner's statement I lthve completed my exaniiiiation. I confirm that no matters have corne to my attention in cojmection with the exatllination giving ine cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records; or the account4 do not comply with the accounting requirements of Sectloll 396 of the 2006 Act otber than any requirement that tbe accounts give a true and fair view which is not a n]atter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Reconunended Practice for accounting and reportittg 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)). I have no concems 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 Mealand Lemans 29 Arboretum Street Nollingharn Nottinghamshire NGI 4JA Dale:............................ Page 8
NETHERfiIEI LD FORUM STATEI P4T OF fll¥ANCIAL ACTIVITIES LNCORPORATING AN 1Tr4COME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total fiLnds Unrestricted fund Restricted funds Notes IIYCO1 AND EP4DOIVMENTS FROM Donations and legaeies 34,702 33.377 68,079 143,919 Charitable activities St. George's Centre Loco Youth Centre 94,001 714 94,001 35,475 77,021 33,388 34,761 Other trading activities Investrnent income 6,917 960 6,917 960 5,662 616 Total 137.294 68,138 205,432 260,606 EXTENDITURE ON Chai'itable activities Si. George's Centre Loco Youth Centre 122,797 713 42,825 25,788 165,622 26,501 135,938 35,907 Other 13,303 13,303 12,689 Total 136,813 68,613 205.426 184,534 NET INCoL1/(EXTENDITURE} 481 (475) 76,072 RECONCILIATiof4 OF FUNDS Total fvnds brought forward 259,624 700,746 960,370 884.298 TOTAL FUNDS CARRIED FORWARD 260,105 700,271 960,376 960,370 The notes fonn part of these fllwicial statements Page 9
NETHERFIELD FORUM GISTERED TrIUNIBER: 04523201 BALANCE SHEET 31 DECENIBER 2024 31.1? 24 Total funds 31.12.23 Total F]d5 Unrestricted fund Restricted fund5 Notes FIXED ASSETS Tangible assets 332,005 635,830 967,835 983,025 CURRENT ASSETS Debtors Cash at bank 10 10,446 66,6?5 7,392 58,935 17,838 125,560 11,184 117,783 77,071 66,327 143,398 128,967 CREDITORS Amounts falling due within one year (7,494) (1,885} (9,379) (8,283) IYET CURRENT ASSETS 69,577 64,442 134,019 120,684 TOTAL ASSETS LESS CURRENT LIABtLITIES 401,582 700,272 1.101,854 1.103,709 CREDITORS nounts falling due after rnore than one year 12 (141,478) (141,478} (143,339) LNET ASSETS 260,104 700,272 960,376 960,370 FUNDS Unrestricted funds Restricted funds 16 260,104 700,272 ?59,624 700,746 TOTAL FUIYDS 960,376 960,370 The charitable cornpany is entitled lo exemption from audit under Section 477 of the Cornpanies Act 2006 for the year ended 31 December 2024. The members have not rewired the company to obtain an audit of its fu)ancial statements for the ye2r ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply witb Sections 386 and 387 of the Companies Act 2006 and preparing fll)ancial slalements which give a true and fair view of the state of affairs of the charitable company as al the end of each fmancial year and of its surplus or deficit for each fmancial 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 slalements, so far as applicable to the charitable company. (b) The notes forni part of these fmancial statements Page 10 continued...
NETHERFIELD FORUM GISTERED NUMBER: 04523201 BALANCE SHEET - continued 31 DECEIMBER 2024 These fmancial statements. have been prepared in accordance with the provisions applicable to clwitable companies subject to the small cornpanies regime. The fmancial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Mrs T Simpson- Trustee The notes forn) part of these financial slalements Pagell
ETHERFIELD FORUIM NOTES TO THE FINANCIAL STATEMED4TS FOR I'HE YEAR ENDED 31 DECELMBER 2024 ACCOULNTING POLICIES Basis of preparing the financial statements Netlietfield Foruni is a charity in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is liniited to £ I per member of the charity. The address of the registered oifice is given in tlie charity infonnation on paiFe S of these financial statenienls. The nature of the charity's operations and principal activities are stated on page l of these flllancial staiements. The cliarity constitutes a public benefit entity as defined by FRS I02. The fmancial statements have been prepared in accordance with Accounting and Reporting by chitIes. Statenienl of Recotmnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelaiid issued in October 2019, Ilie Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 201 I, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical co%t convention. The fll]ancial statements are presented in sterling which is the functional currency of d]e charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these fmancial statements are sel out below. These policies have been consisienily applied to all years presented unless otherwise stated. Income All incotne 18 recognised in the Statement of Financial Activities once the charity has entiilemenl to the funds, it is probable thai 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 dale. In the event that a donation is subjeel lo conditions tbal require a level of perforniance before the charity is enliiled to the fund5, the income iq deferred and not recogni5ed until either those conditions are fully met, or the lfilMent of those conditions is wholly witliin the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. The charity receives govemment grants in respect of various projects. Income from local council grants are recognised al fair value when the charity has eiilitlement after any perfomiance conditions have been mel, it is probable that the incon]e will be received and the amount can be measured reliably. If enliilement is not met then these amounts are deferred. Expenditure Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in settleinenl and the arnol1 of the obligatioa Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to tbe 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 al the following annual rates in order to write off each asset over ils estimated use1 life. Freehold property Plant and machinery Fixtures and Fittings 2% oncosl 33% on cost 150/0 reducing balance Taxation The charity is exempt frorn corporation tax on its charitable activities. Page 12 continued..
NETHERFIELD FORUM NOTES TO THE FINANCIAL ST ATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Fund accountiiig Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted Funds can only be used for particular restricted purposes within the objects OF the charity. Restrictions arise wheii specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the namre and puryose of each fund is included in the notes to the Financial statements. Hire purehase and leasing commitments Rentals paid under operalinLF 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 Irdnsaction price. Cash at Bank- The charity holds sufficient funds in order to meet ils short tenn cash commitments as they fall due. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Grants 15,522 52,557 15,587 128,332 68,079 143,919 Grants received, included in the above, are as follows.. 31.12.24 31.12.23 National Lottery Community Fund Gedling Borough Council Nottinghan]shire County Council Other 30,000 10,370 8.812 3,375 110.768 16,464 I,ioo 52,557 128,332 OTHER TIL4DING ACTIVITIES 31.12.24 31.12.23 Fundraising events 6,917 5,662 Page 13 continued...
Tr4ETHERFIELD FORULWI NOTES TO THE FIN ANCIAL STATEIIqENTS - coiitinued FOR THE YEAR ENDED 31 DEcE,[BER 2024 INVESTMEf4T tNCOII,IE 31.12.24 31.12.23 Deposit account ititeresl 960 616 SUPPORT COSTS Governance costs St. George's Centre 3,710 Support costs, included in the above, are as follows.. 31.12.24 31.12.23 George's Centre Total activities Accounlancy and legal fees 3,710 3,525 NET DICOMEI(EXPENDITURE) Net income/(expenditure} is staled after chargingllcrediling).. 31.12 ?4 31.12.23 Depreciation- owned assets Hire of planl and machinery Endependent Examination Fees 30,359 601 3,710 32,542 1,411 3,525 TRUSTEES, REMUNEK4TION AND BENEFITS There were no trustees, remunerdlion or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses During the year a total of £nil {2023 - £nil) of expenses were reimbursed to O (2023- 0) trustees for goods purchased on behalf of The Forum. Page 14 continued...
NETHERFIELD FORUM NOTES TO THE FIP4ANCL4L STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 31.12.24 31.12.23 Wages and salaries 84,518 71,064 84,518 71,064 The average monthly number of eniployees during the year was As Follows: 31.12.24 31.12.23 Employees No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Freehold property Property Improvements Plant and machinery COST At l January 20?4 Additions 1,253,466 89,277 9,633 9,007 At 31 Dec¢rnber 2024 1.253,466 98,910 9,007 DEPRECIATION At l January 2024 Charge for year 375,619 25.069 1,786 1,978 9,007 At 31 December 2024 400,688 3,764 9,007 NET BOOK VALUE At 31 December 20?4 852,778 95,146 At 31 Decen]ber 2023 877,847 87,491 Page 15 continued..
NETHERFILLD FORUM NOTES TO TFIE FINATr4CIAL STATEMENTS - continued FOR THE YEAR ENI DED 31 DECEI¥IBER 2024 TANGIBLE FIXED ASSETS - continued FiXreS and fittings Computer equipment Totals COST Ai l January 20?4 Additions 7,689 1.409,687 15,169 5,536 Ai 31 December 20?4 55,784 7,689 1,424,856 DEPRECIATION At l January 20?4 Charge for year 3?,561 3,312 7,689 426,662 30,359 Ai 31 December 2024 35,873 7,689 457,0?1 NET BOOK VALUE At 31 December 2024 19,911 967,835 Ai 31 Decen]ber 2023 17,687 983,0?5 io. DEBTORS: AMOUNTS FALLIP4G DUE NVITHif4 OINE YEAR 31.12.24 31.12.23 Trade debtors Prepayments and accrued income 15,760 2,078 8.091 2,493 17,838 ii. CREDITORS: AMOUNTS FALLING DUE IVITHIN OP4E YEAR 31.12.24 31.12.23 Bank loans and overdrafts {see note 13} Trade creditors Accrua15 and deferred income 1,981 1,804 5,594 2,307 916 5,060 9,379 8,283 Page 16 continued...
NETHEI RFIELD foRUM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EN'DED 31 DECEMBER 2024 12. CREDITORS: AMOUNTS FALLING DUE AFfER LWIORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note 13) 141,478 143,339 13. LOANS An analysis of the maturity of loans is given below: 31.12.24 31.12.?3 Amounts falling due within one year on demand: Bank loans 1,981 2,307 Aniounts falling between one and two years: Bank loans - 1-2 years 1,981 2,542 Amounts falling due between two and five years.. Bank loans - 2-5 years 5,944 12,539 Amounts falling due in more tlwi five years: Repayable by instalnienls.. Bank loans more 5 yr by instal 133,553 128.258 14. LEASING AGREEMEINTS Minimum lease payments under non-cancellable operating leases fall due as follows: 31.12.24 31.12.23 Within one year Between one and five years 1.339 1,339 1.004 1,339 2,343 15. SECURED DEBTS The following secured debts are included within creditors: 31.12.24 31.l2.23 Bank loans 143,459 145,646 The Charity Bank Lid has a fed charge over St George's Centre. Page 17 continued...
P4EI THERFIELD FORUM NOTES TO THE F ANCIAL ST ATEMENTS - continiied FOR THE YEAR EINDED 31 DECEII'IBER 2024 16. IWIOVEMENT ILN FUNDS Net movenient At 31.12.24 At 1.1 ?4 Unresti'icted lunds General fund 259.624 480 260,104 Restricted funds Youth Youth Centre Equipment Property Shunters refurbishment Big LotEery Nalioiial Lottery Comrnunity Fund - RC Midlaiids Region Clean Up Crew 56,872 4,704 540,10? 788 230 9,350 (706) (17,948) (118) (34) 66,222 3,998 522,154 670 196 97,860 190 8,150 832 106,010 1,022 700,746 (474) 700.272 TOTAL FUNDS 960,370 960,376 Net movement in funds, included in the above are as follows.. Incoming resources Resources exnded Movement in fimds Unrestricted funds General fund 137,294 (136,814) 480 Restricted funds Youth Youth Centre Equipment Property Shunler5 refibIShellI Big Lottery National Lottery Community Fund- RC Midlands Region Clean Up Crew 35.138 (25,788) (706) (17,948} {118} (34) 9,350 (706) (17,948) (118) (34) 30,000 3,000 (21,850) {2,168) 8.150 832 68,138 (68,612) {474) TOTAL FUNDS 205,432 {205,4?6) Page 18 continued...
NETHERFtELD FORUM NOTES TO THE FINANCIAL STATEMENTS - continued riOR THE YEAR ENDED 31 DECEL¥IBER 2024 16. MOVEMEP4T IN FUNDS - contillued Comparatives for movement in funds Net movement in funds At 1.1.23 31.12.23 Unrestricted funds General fund 278,028 (18,404) 259.624 Restricted funds Youth Youth Centre Equipment Property Shunlers refurbishment Big Lottery National Lottery Community Fund- RC Midlands Region Clean Up Crew 41,486 5,534 558,053 927 270 15,386 (830) (17,951) (139) (40) 56,872 4,704 540,102 788 230 97,860 190 97,860 190 606,270 94,476 700,746 TOTAL FUM)S 884,298 76,072 960,370 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 111,204 (129,608) (18,404) Restricted funds Youth Youth Centre Equipment Property Shunters refurbishment Big Lottery National Lottery Community Fund - RC Midlands Region Clean Up Crew 38,385 (22,999) (830) (17,950) (139) {40) 15,386 (830) (17,951) (139) {40) (i) 110.768 250 (12,908) (60) 97,860 190 149,402 (54,9?6) 94,476 TOTAL FUNDS 260,606 (184,534) 76,072 Page 19 continued..
NETHEIIFtELD FORULWI NOTES TO THE FINANCIAL STATEIIIENTS - continued FOR THE YEAR EDED 31 DECELIIBER 2024 16. MOVEMENT ITr4 FUN'DS- contiiiued A current year 12 months and prior year 12 Months combined position is as follows: Net niovement in funds At 31.1? ?4 At 1.1.23 Ullrestricted funds General fund 278.028 {17,924) 260,104 Restricted funds Youth Youth Centre Equipment Property Shunlers refurbishment Big Lottery National Lottery Conmiunity Fund - RC Midlands Region Clean Up Crew 41,486 5,534 558,053 927 270 24,736 (1,536) (35.899) (257) (74) 66,222 3,998 52? 154 670 196 106,010 1,0?2 106,010 1,022 606,270 94,002 700,272 TOTAL FUP4DS 884 ?98 76,078 960,376 A current year 12 months and prior year 12 rnonths combined net movernent in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 248,498 (266,422) (17,924) Restricted funds Youth Youth Centre Equipment Property Shunters reflwbishtnenl Big Lottery National Lottery Community Fund- RC Midlands Region Clean Up Crew 73,523 {48,787) (1,536} (35,898) (257) (74) 24,736 (1,536) (35,899) (257) {74) (i) 140,768 3,250 (34,758) (2,228) 106,010 1,022 2l7,540 (123.538) 94,002 TOTAL FUNDS 466,038 {389,960) 76,078 Purposes of restricted funds Youth - To cover the runniiig costs of the Loco Youth Project. Youth centre equipment - To provide plant & equipmenl for the Loco Youth Centre Page 20 conitnued..
NETHERFIELD FORUM NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 16. MOVEMELYT tLN FUNDS - continued Property - Building costs, St. George's centre, less depreciation costs Shunters refurbishment- To contribute lowaTds the refurbishment of Shuiilers Cafe and sealing area Big Lottery- To fund the refutbishmenl of Shunters Cafe New Build - To contribute towards the New Loco Centre improvements. National Lottery Community Fund- RC Midlands Region - To contribute towards in]provemenls to the New Loco Centre and staffmg costs. Clean Up Crew- To contribute lo plants and equipment in Netherfield town centre. 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. Page?1
NETHERFIELD FORUM DETATLF.D STATEMENT OF FIIYANCIAL ACTtvrriES FOR TIIE YEAR ENDED 31 DECENIBER 21)24 31.12.24 31.12.23 INCOME AND ENDOWMENTS Dollations and legacies Donations Grants 15,587 128,332 52,557 68,079 143,919 Other trading activities Fundraistng events 6.917 5.662 Investment income Deposit account interest 960 616 Charitable actiNTrtie$ Cafe sales Room hire Printing alld photocopying Equipment hire Sundry incon]e Bingo income 39,475 84,091 1,461 110 4,032 307 36,558 71,353 1.005 295 849 349 129.476 110.409 Total incoming resources 205.432 260,606 EXPENDITURE Charitable activities Payroll costs Hire of plani and machinery Rent, rates and water Insurance Light and heat Telephone Postage and stationery Sundries Caterino supplies Cleaning and hygiene Equipment purchase Event costs Health and safety Licences Payroll service Carried fonvard 84,518 601 1,687 5,477 13,313 1,031 722 2,427 71,064 1,411 4,270 5,074 13,976 1,417 776 124 14,865 3,109 1,200 526 1,069 335 884 120,100 3,069 4,445 2,765 166 470 994 135,933 Tht's page does not fonn part of the statutory fmancial statements Page 22
NETHERFIELD FORUM DETAILED STATEMENT OF fiINANCIAL ACTIVITIES FOR THE YEAR EI LYDED 31 DECEIWIBER 2024 31.12.24 31.12.23 Charit4qble actiNTrties Broug,ht fonvard Premises maintenance Security Legal and professional fees TutOT CQSt5 Waste disposal Sofmare costs Freehold property Property iniprovemenls Fixtures and fittingb Computer equipment 135,933 8,148 2,879 13 6,392 1,948 2,741 25,069 1,978 3,312 120,100 3,227 3,041 13 5,150 1,830 2,418 25,071 1,786 3,121 2,563 188,413 168,320 Other Bank loan interest Bank charges 12,950 353 12,369 320 13,303 12,689 Support Costs Governance costs Accountancy and legal fees 3.710 3,525 Total resources expended 205,4?6 184,534 Net income 76,072 This page does not forni part of d]e statutory financial stateinenls Page 23