Charity registration number 11142L15 Company regSslratlon numljer 05679933 (England and Wale51 GROUNDWORK NORTHAMPTONSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
GROUNDWORK NORTHAMPTONSHIRE LEGAL AND ADMINISTRATIVE INFORMATION Board of Trustees S D Bonhatn CllrAM BLee Cllr P Chauhaii G Chapman M Cigliants S North (Apptsinled 23 September 20241 IAppoin18d 23 S8Ptember 20241 Charity number 1114205 Company numb8r 05679933 R•gl$t•r•d offl Th8 8usin8ss Exchan98 Rockingham Road Kettering Northamplonshlre Unilad Kingdom NN16 8JX Auditor AzÈts Audlt SèNlees Thorpe House 93 Headlands Kettering Northampton5hire Uniled Kingdom NN15 6BL
GROUNDWORK NORTHAMPTONSHIRE CONTENTS Pa99 Board of Trustees, report Statement ol Board ol Tru5tee5' respon3ibilrties Indop8ndent audSlor's r8POrt 10. 12 Statement of financial activiti&s Balance sheet 14 Slalemenl of cash flows Notès lo tho financial 5tattrmonl$ 16.26
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s, who ar8 also dir8Ctors of th8 ch4rity for the purposes ol the Cornpani85 Acl 2006, present their annual report and financial st8tements of the Charity for the year ended 31 sl M?roh 2024 which are 81s0 prep8red to meet the raquiremènts for a dirÈc¢ors' rop¢rt and account$ for Companies Aci purpo$os. The financial slalements have been prÈpared in accordance with the ac¢ounb'ng poli¢ies set out in notes to the financial slatamènls and comply with thè charity's Memorandum and Articlas of Assooation. thè Charili$s Act 2011, tho Compani8s Act 2006, and Accounting and Reporting by Charities.. Statement of RectThtnended Practice applicable lo charities preparing treir accounts in accordance with the Financi81 Reporting Standard opplicable in the UK and Republic of Ireland publishgd in Oclobgr 2Q19. Chairman's statement As we look back on the last twelve months everyone at Groundworf( NDrthamptDnshiie can do so with an enormous ounl ol prldo on th8 8ubsianllal numbar ol regular large programmo8 that have been dellvered day after day or onè off special proj8cls that provide the Trusl with the opporiunily to showcase what w& are capable ol and provide regular income to support Ouf numerous cther projects. Strategically we have pul in place a strong 3 year plan bul il is the follow through that is imporianl. Our adherence to this plan and ability lo deliver what is reqiiired locally h95 been the key to our success. We oonlinue 10 look closely al our réas for gr)wlh and huge 8mounls ol Ilmè arè golng In wlth our 18nd6r8 and bids lo mak8 sur8 wa eonllnua 10 bulld on our successes. Good examples ol this are our lottery Project- Big Impact and the renewal of our Grow. CoDk, Eat Project. We Continue to build on our Green Do¢tors Progr8mme and this noo4 much needed offering is becoming rnore esloblished and providing a 801id regular incom8 lor the Trust. Our Greeii PJltyh iiev*r ceases ti) 8Th18z¥ iiie willi 11)¥ nuinerous pr)urai)Iines lor yi)uny pgople. 1118 iii¢r¥ase in Ilie sale of vegetable boxés or our increasingly su¢¢essful Corporate Voluntèèring days. Improvemènts 10 thi$ sile havè been numerous including the fourth polytunnel which has been reskinned and pemianenl flooring lai(f by Bovis supported volunleers, together wilh our wolled Buiteffly garden. again created by the volunteers. We have also made changes lo the viay wg run this sile lo iniprove over811 leadership consk%l8ncy and the level ol 8ngagem8nl with our volunteers. A major success by the Senior Mana98menl Tgam and the Trus188s was to 8ucc8sslully work with Developers to stop plans to build 8 road through Ihe Cent of Green Pal&). There was relief and delighi from everyone involved In the nurnerous and lengthy negotiations which slopped the destruckn'on ol our'Jew81 in the Crown.. Thls fln8n¢lal year has been all aboLJI bgddlng In a naw Senlor Managem&nl Team slruclure, The team conllnugs lo grow and understand 11i8ir expanded roles and think more clearly about what 18 slraleoically important and rnaking th8 best use ol their lime. The pressure on our Executive Director and Operations Oireotor remains but overall the team can be proud ol their colleclve achie8Mnis 8nd all thelr h8r(1 work. The econornic and political headwinds have conlinued this year. Inflation rnay now have peaked and is coming down but it ha818ft a18sling impa-l on Ihtr people wtr servg and Ineir ng8d for help has never been grgaler, Whtrther il be Green Doctors, our Grow Cook Eat Project or simply being there io aid their menlal h8alth, Groundwork Northamptonshire will leave no stone untumed to ensure we gel the right help lo the peDple most in need ol our supporl. This year has been challenging financially for many ol our funders esp$ci8lly our local authorities who ha 80 many compelins priorities. Whilst we hav8 seen some inertia in lerrns ol the speed ol decision making we are hoping things will improve in the financial year 8head. We are facing 8 change in politioal administr8tion n9tDnally which could impact on some of the progr8mmes wè deliver in conjunets'on with Groundwork UK. Only lime will tell. bul we will continue lo work hard lo gèt the best support we can for the people who need us. Providing 118ining, guidance and gupport lo our staff is key lo ielaining oui talent. We have looked closely al all of our policies and spent some considerable time updating these and creating new policies lo enhance the way we work. Inplemenlolion of our policieE is Gritical and we have identified a srn811 nurnber of praolical issues Ih81 need 8ddressing and training that is required. W8 have made some enhanTrtN8nls lo policies lo support a more flexible way of working for our staff and ensured tiat relentiin of our talent is incoroorated. We are confident that this will strenglhen the Trust going forward and givo conffl¢enc? lo the staff wo support and Lhe Truslegs Ihal wo have solld fcunrlallons h the way we work.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our 2023124 Financial Y8ar results show a very 501id pidure and th8 r8sulls of a lot of ha work and d8dication frorn th8 entire te8rn. We are wnfident that we have the right financial Controls in place and awareness levels of making the right ¢ètisions of our funding ramains strong. Th8 team supporting oui financial controls arè v¥y 8xperiewed and this is shown by thp high quality of r8poris and th8 regular int8raction with the Financ8 Sub Group of Truste85. Our r•sèrvs continuè lo grow whih is gssenlial to support morè projocts in thè fulura and gSvès us th confidencè that we could call upon these should the need arise to suppart new areas of delivery. We have a clear Strategic Plan to grow our reserve5 and have set a target which is broadly on track and subject to regular review Our financial budgets for the 2024125 budg8ts show that ihgso r?$ervgs will ¢onlinug lo glow and we havg alrgady dgri$kgd tnosl of Ihg plan lor the coming financial year. We have strong links with our Unitary Authority and we ar8 keeplng a clos8 eyé on Iha Impact ol any pol8nlal changes to Ih8lr lundlng. Adults SeNicès and Childrèns SèNices arè undèr ènormous pressurè jLJSt as thèy are natlonally but w romain confident that we are at the table and part of discussions before any changes are madc. The economic piclure is unlikely lo change malerially during th15 financial year which m8an5 we will have lo remain vigilant to any downward changes and alert to new OPPDrtunitie8. Our Board has saon changès durlng lh8 last financlal y8ar with 2 Irust8•s stapplng down. On8 of th8s8 was nornlnatéd by the Local Aulhonly who has already selected a replacement lor ratification at our Auturnn 8oard and Ihe other long Serving Trusleo has slepp•d down due to a confllcl of int8r8St but will b8tler s8rv8 th8 Trusl in their new posilon wllh th• Unltary Aulhorily. W8 litive ravamp8d our Truste8 r8cruitrnent inlormtiliun pack and are currèntly advèrtisiny lor s8vercil n8W trustees lo build back the long tèmi slrènglh we believe we need for the future. We remain confldent in knowlng ihe type ol skllls qUIred for the Board and have no doubl thai we wll brfng In new18lent over the coming months, The nelional picture lor recruits'ng Trustees is challenging but we believe the overall strength of our Board wlll attract right candidat•s. The Federation remains independent bul we rtm3ln committed lo OrkIng Wlth Groundwork UK and other Grounoknrk F8deralions to support a central England approach. This mor8 cc-ordinaled approach is halping us bid and obtain funding In a more cohesive way. Wè are also leveragin9 5UPPOrt services from other Federations e.g. Human Resources support and Tr8ining which is more cost effective than seeking OLrtside support. As always a massivé thank you lo our Volunl8@rs who work tirelessly and enjoy the succ05s we k88p creating 8v8ry day. With th# appoinlmnt of a Volunl8èr Co-ordlnator wè are $88ing our volunter numbèrs grow whlch will sland In good sload lo supptsrt our various siles now and in Ihtt lulurè.Thank you also lo our Service Us&rs, Funders, and Partners. Without th8ir conlinu¥d support many of th things wtr achivè woukj simply noi b• posslbla. We have a strong recoid on delivery whlch conlnues 10 90 from strength to strength. My thanks go to the Trustees, Senior Management Team and all tha siaff for Ihtrir rel¥nll8ss trfforts to stn4ie for greattsr success Tho sum ol lhasa parts mak#s Groundwork Norihampionshire whal it is today and althwgh some th.mes th¢ road may seem a little Mmpy, with the eollectlv8 t8arn w8 wlll achl8V8 8v8n gr•al•r success In th8 comlng yèar, We work tirelèssly lo flnd new and innovative ways ol ddiv8rlng help to lh$ local people and community wè are proud to support. We will not rest in our qu8sl to 5uppori mor8 people and elpand our reach to all those Ihat ed our help, The economic and political &nvironmtrnt may continue to throw challenges at us bul wts artr rtsmain determined to provid8 the helping hand thal so many people need. Groundwork Norlh8mplon5hire remains determined to serve 8nd s(Jpport all those that n8ed our h8lp in 2024125 and b8yondl Stuart Bonham Cliair GroLJndwork Nortlianiptonsliire
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Oblectlves and actlvStles Groundwork Northamptonshire's charitable ObltiveS arts sal down in ils Mtrmorandum of Agso¢iation and as amende from tim8 to lim8 at annual 98n8ral m88tings or by 818CtiV8 8P8cial r8solution8. They comrnit the TruBt to th& followin9 a¢tivities and acli)ns'. lo promole the ¢ons8rvaiion, protection and improvetNenl of the physical and natural VIronMeNt in Corby Borough, East Northamptonshire District and Kettering Borough and the rest of the county of Northamptonshire Ilhe beneficial areal. provide facili1185 in the interests of scoal wellarg for recreation and leisure lirne occupation wilh the objective of improving conditions of life for those living and working in or ulilising the beneficial area. lo advance publlc edu¢alon In nrOnmental mall8rs and other ways of bellor ¢on88rvlng, proleellng and improving the sarre wheresoever. to prumote the efficienay and effectiveness ol charities and the effective use of chgritable resources for the benefit of tho public wllhln thg b$ng11¢Sal area. promote. lor the public benefit. urban and rural regeneration in areas of social and economic deprivation in Corby Borough,. East NorthoMplShlrÈ Distri¢l', Kett2rin9 Borough and Ihe rest ol the counly ol Northamptonshire (area of benefill by.. the reli81 ol poverty the advancement ol educatir)n, training or re-training, particularly omongst unemployed people and providing unemployed poople with work experience the rnainlanance. improvement or provision of public amenities the provision ol assistan¢e in the provision of r¢crealion81 fa¢ililies for the publi¢ allorge ondlor those who, by rogson ol their youlh, ag$, inlirmily Of disablemonl, poverty or social and $conomi¢ Circumstances. hav¢ neod of such facilities the proleclion oi ronservgtion gf the pnvirgntnent the protnolion ol public safely 8n(J prevention ol ciitne such other means as may. from time to lirne. be determined subject to the prior written consent of the Charity Commissioners lor Englend ¢nd Wolp>. The Trust conkn'nues to work with. and for, locol people, and all sectors to create better place5 to live and work. It Iiequgnlly rellg$ on and encourages partnershlp work appropriate collaborallon lo sgcure robust dellvery and Strong and sustainable impact. The Tru81 continues to improve the quality ol life lor people the places where they Iwe, having th&th)isadvanlaged areas and cornmunities in greatest need. Through the delivery ol projècts and partnership work th8 Trust eonlinues lo dtrlivèr piacti¢81 Community devalopmenl plans. Ba8od around the priorilies ol local communfii88, projects fall under thrèè mairt streams. although increasingly inttrlinking. These streams ttmbra Youth Work. the Environment and the Communrty. Working in lin8 with public policy, national trends and local priorilies. the Trusi offets a wide range of opportuniti85 10 peopl wanting to improve th•lr currènt eircumslanees. Combining extt*llènt management skllls. fundraiging capabilllièg and spe¢ifl¢ exportise and knowltsdge, the projects th& Trust offers are unlque lo the ¢ounly ancj in some areas are nationally acclaimtrd lor excellence and creative delivery. Publlc benefft As a principle tho truste0$ refer to the Charity Commission's general guidan¢9 on Public Benefit whgn reviewing the Trust's objectives and planning fulure aclivilies. In particular the Iruslees consider how planned aclii'ilies will contribute lo ils thariiable objectives.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltlg5, achlev¢mon¢5 and performance For many years our [018 within tho sector has beèn working towards an increase in partnership wc>ik and a desir8 to work 109elh8r mor8 closely to support thos8 who n8ed it Iha most. Over the last year huge strides have been made in achieving that, post covid we have seen the sector taking stock of partnerships across the VCSE and strengthening them, Ihrough ihe opportunity of the Inte9raled Care Systern IICSI, new way of working with) our slalutory partners Is emerging. Groundwork have been a signifieant partner in the development of the'place Based, agenda lor North Northamptonshir&, hosting part ol the Support North North8nts proieci funded through ICS lo bring a person ¢enlred 8ppro8¢h lo supptsrting people and preventing further slrain on front line setvices. A crucial part of this work is the engagem1 of the Voluntary Sector to build that surport package, tracking and reporting the difference Dur organisations make to suslaining positive hèalth and wellb8lng. We have chaired the Corby Placg 8as8d Partotsrship and played an Integral rolo, as part ol the team. in designing the system for Ihe future. We have collaborated on an increased numb8r of bids ciealing stronger moro creative investment lo deliver services. As we move forward, 1th a pol8nlial change in our PDlital landscape we remain commilled lo en5uiing the voice of the VCSE and communities is Considered and valued as investment and plannin9 develops. Our wonderful Green Patch site has continued to enjoy a very busy and beneficial y8ar, w8 have he able to make ¢onsiderablÈ improvements to the infrastructure on the wte, creating a hard standing floor in one of our poly tunnels, which is now our people'8 poly tunnel. we have crgaltsd a bullerfy bank lo. new habilal, introducèd a bikè hub through our parinership with Bright¥vayz and developed our fo1 and cooking offer through the grow cook Èat proiecl. Our volunte8rs conliiiue to give Ilie site Iliis care, i)y atid kitidness w¥ know n)8ktys poijple ke?p coiming back 8nd our le81)) liav¥ wiirked raally hard to makè sur6 the sit6 always looks ils bèst. This year WÈ hove worked in p8rtnership wilh 88llour Beatly lo develop an offer for young people who are looking to gel into work bul lor whom achièving tr81 has been a strugg18. Acknowledging Ihal investing lime lo bring on conlidence. work r8ady attitud&8, addr8ssin9 worri&s or concerns and building a positiv8 mind sel to work rnak8B a considerab18 ditt8r8nc8. The partnership with Balfour Beatty has been incredible, with dire oulwmes for 811 parties, mainly the young men who have now gone into a guaranleed one year paid work placement. We look forward to developing the model lurth8r in 2024 as we continue our partnership. Our Youth Work ha8 had a boost tris year wth funding frorn the Lottery lo contribute to one million hours ol additional youth work aiYOSS the UK, we have deployed detached youth work teams across Wellingborough, with Ihe next areas bèing Cort)y and Kellerlng as we build young paopla's voi¢& and conflden¢e to access geivlces ower Ihe ntrxl two years. Green Oroclors is now a regular delivery aree for our Trust as we visit between 4-6 homes per week lo offer energy advice, make sm811 adapl81ions and offer support with onward r8ferrals and debt advice. Many p8ople remain hidden in their homes wilh everyday struggles that could be helped by acc8ssing rnore services, Green Droclors has proved ils role in this area and will continue to grow into 2024-25 wilh British Gas funding. The evaluab'on ol the firsl two years ol the Grow, Cook, Eat (Public Health) Project has been very insightful, reaching oul lo groups a¢ross the North of the Covnty to make growing, Cooking and eating healthily a priority. Developing the spaces to learn about Growing fruit and vegetables and creating convèrsations about how wè can do this m¢xe as 8 cornmunily, this project is at the heart ol our objectives and really plays to our strengths in supporting people and building wellbeing vihilst developing green spaces and healthy habits. as we move forward with the next two years we we developing the model further working alongside Public Health.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have se8n 50fft8 chang8s in p8rsonnel over the la5112 months, wher8 s0rn8 01 th8 learn rnetnb8rs who have been iith the Trust for many ye8rs have moved Dn, life offers new challenges and il's great thal our tearn w8nt to rnae forward and grow into new roles 11 also big$ fr8sh parspactivo and enei9y to our work, with new loam m¢rbgrs offoriri9 that challenge and drive to ke8p evolving what we do. Followlng rècruitment work dona lo rè-form th• Mad8 wrth Many taarn, thèy have now sèttled down wall and af• lunctioning strongly with a Co-Directorship 0dl at the heltn. The tpam have recently applied for an extension year to their funding, with a view to submitting a three year application post general election. The team continue to focu5 on Corby and Wellingborough ar¥J have shown gr8at itnpact on encouraging Ihos8 tnosl reffloved frorn arts and cultu[8 to gngag8. We conb'nue lo supporf KHL Big Local (Kingswood & Hazel Ley51, the parinership are on the final year of their funding now and have a plan lo have coniplvtyd their work by December 2024. Groundwork will continue Io gJPPOrt the parlnershlp lo completè spend In linè with tha Local Trust guidelinas, fulfilling r rolé as the Locally Trustèd Organisatlon ILTOI We are looking forward lo 2024-25, wllh new team rnernbers on board, a secure and positive financlal plan for the year and a good posillon with partn8rs- all 8nabllng us to contlnu8 d8liv8rlng our w911 needed ,ork In th8 community. Flnanclal rovlow The Trust recorded a surplus of £17,313 for the year, lolbwing a previous surplus of £27.755 Our fundraising drive and quality remains 8 Priority as we look ahead to a year ol significant change with contracts and commllmen18 to grants changlng. Reserves Policy Year-end unreslricled fvnds tolalled £21fj.218 ol which £30,096 supporied fixed 95sets, leavin9 free reserves of £186.120 12023. £161.9671. The Trust is airning to secure and mainlgin six rnonlhs ol running costs as a reserve. The board regularly reviews our reserves policy lo ensure it is lil for purpose and provid85 th8 reassurance we n88d to Continue inlo the years ahepd. Rlsk manag¢mgnt All th8 Ttusl's activlli8s ar8 rSsk ass•ss•d, wilhln th¥ fram#work of board approvéd policl8S, to 8nsur8 appropriat controls are In plaeè lo providè rèasonable assurancè against fraud and error. Th8 SLT coilinually rovièws th¥ financial and op•ralional risks to thlch th# Tnjst is axptk80d In Iho d#liv#ry of Its projècts and satisfies itself appropriate rnea5ures 8re in place lo rninirnise and milig8le those risk5. Proj¥ct acllviti¥s artr nsk ass¥ss¥d al outs•t and at r8gular &rrva1s to angu any changing clrcumstancès arè CognIsd and reflectèd in thè assèssmÈnls. Unusual activities are referred to insurers for advice and confirrnalion of cov8r and If Ihis Is not forlhcorning Ih8n the activity 15 not pursued. The Trust Is insur#d for publlc, Ompluytrr, trus1¥¥ and prof#ssional liabillty as w#ll as normal buslnass activllles. Financially, le98lly and in respecl of strategic and Qharitgble objeot fit, an assessment of all projeds is undertaken before they are comrnenc8d and cotnpar8d with bid docum8nlalion. Projects ar8 monitor8d on a monthly ba51S throughout their duration lo ensure control of incom8 and expenditur8 and identify the need for r8P8at funding with continuing activities.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Futuro dgvolopmgnts Wè continue lo work lo our strategic piiorilias listed b810w, Stralegic Pnoriti&s 2022-2025", • Communits'es in th8 lead Supporting our Planet to manage changes ahead and continue to thrive, focusing on a continued reduction in our C8rb(>n ¢ontribuiion Priortkn'sing Childr8n and Young People Priorits'sin9 Wellbeing and Positive Mental Heatth Carin9 and rewarding our staff team • Building longer lerm funding Embedding stronger evalualion practices into our worf( This year has seen us work towa securing an extension to ihe Public Health lunded project, 'Grow, Cook, Eat., working alongside Public Health practitioners to recognize the place and importance ol the connection lo green space Bnd healthy eallng. We have started the second year of Come Together @ The Green Palch, embedding the systems and engagement we slarted In year onè and $88Sng our offer lor volunteers and young p¢ople slr6nglh&n 8iynillcanlly. Our SLJPPOrt fDr the cost of living crisis and families living in povert> is ever present with our Shering Shed initiative ot Ihg Grèèn Paleh supporting families gvary week with h8allhy food oplitsns, Support8d by our voluntèèr8 and the n6wIy established cooking dub we support up lo 60 to 70 peDe per w88k with meals or Icv)d parcels. Future dtvelopmenls will involve furthèr developrnanl of th888 modèls as wèll as Continuing to lotsk lor new and innovative projects to support those who need us the most. Slruclure, govemance and management Groundwork Is a Fgderatlon of Tru8t8 In England, Wales and Northern Ireland. Groundwork Northamptonshire is a regulated charity and a company lirnited by guaiantee. It ils own 8oard ol Tru8lee8. who are also dir&ctor8. 8nd18 Indep&ndonl of all other trus18 wllhln the Federalion.11, therefore, decldes ts own priorities governed by a Memorandurn and Artides of Association ¥vhich was last uwjaled on 28 Septernber 2021. The Trust operates within Ihtr public, private and volunlaiy se¢lors of Northamplonshir8. R•¢ruitm•nt and appoinlment Of trust••$ Th8 M8morandutn and Articl8s sp&cify a minirnutn of six and a maximurn ol ei9hteen trustees, to inclLJde no more than six norninated trustees ?nd no more thon twglve co-optgd trustees Isubjo¢t lo voriation in th¢ gvgnt thot Ihg Tru$t 16 or int9nd$ lo bp in 19¢91pI of funding through the Landfill Tax Credit Schetn91, Each founder mernber insts'tulion lor any SUCsS0r institulionl may norninale one or more trustees 85 follows.. The Federation of Groundwork Trus Northarnptonshire County Council 1 Kattering Borough Council Corby Borough Council East NorthamptonshSre Olslricl Coundl Norninated trustees rnay hold office for a fixed or indelerminate period not exceeding three years, but so that the nomlnatèd trust98 shall ba 8llgiblo for r8nornlnation. The Board has Iho power of appolntlng and removing any co-optgd trustee and shall s8ek so far as po55ible a balanced and r8pre58ntalive co-opthon r8fl8cting the rnain interest group5 in Corby Borough, Kettering Borough, E8St Northampton5hire Di5trid and Ihe rest of the County of Northamplonshire and oiving representation yvhere appropriate to individuals with speaal interests in objects ol the Tru51.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Board has lh8 PDwer of appointing and removing any co-opted trustee and shall se8k 50 far a5 P055ibl8 a baland and representalive co-option reflecting the main interest groLJPS in Corby Borough, Kettering Borough. E8St Northamptonshire District and the rest of tha County of Northamplonshiro and 9ivin9 ropres¢ntalion whgro appropriatg tg individuals wilh 5P8cial inleresis in th8 obj8Ct5 01 lh8 Trust. A co-optèd trus10 w511 s•rva until thè ènd ol Iha first annual general mèèting altar his or hèr appoinlm8nl and wlll only remain in office thereafter rf at least half of the tnernbers entitled to attend pa55 a re50lutlt approving their appointment. No trusl88 rnay sgrvg for than three ygars unlgss re-nominated by his or her appointing instilulion or re ro-oplgd by the Board, Th8 Trust opèrales an induclSon policy lor all n8w Irust88s, supportèd by an 8Stablish8d Integration process, whlch s88ks lo inform Ihèrn ol thèir gaI obllgalions and rèspon51bllltS and their nèed to act independèntly and In thè bèst intèrests ol the Trust. 11 also makos them aware of the activities of the Trust and in particular those aspects of Trust work lor whith they have b88n appointed. Th8 Board r8-appoint8d Stuart Bonharn as Chalr al th8 AGM In S8Pt8mb8r 2023. In order to Support the governance and managernent ol the Trust the 8oard agreed to the cre8tion 012 sub.groups (Flnance & Business Dèvelopm8ntl and to énsure a Trusts8 att8ndod th• consortium of Mad8 with Many to satlsfy Groundworks rol8 as Accountdblè Body. Th6 Board ol Trustees, who are also the directors lor thé purpos8 of Company lw, and who sorvod durfng Ihe yè*r and up lo the dale of 51gnalure ol the flnanGial 8tatèmenls were.. S D 8onharn Cllr G L M8rc8r CllrAM8Lee Cllr P Chauhan Cllr K Low81 G Chapm¥n I Ciylidno S North IR8slgn8d lg March 20241 IResigngd 2S June 20231 {Appointed 23 September 20241 IAppoinled 23 Seplember 20241 None ol the Board ol Trustee5 hay any beneficial intere51 in the company. All of the Boare of Trustees are members ol the company and guarant lo contritute £1 in the event ol a winding up. Organlsatlonal structur• Iiiltlrndlly tli¥ Irusl conducts its affairs within a framework of Board approved policigs, with operational activities delegated lo thè ExècutlvÉ DirÈclor and the Sènior Managèmènt Tèam ISMTI working wlthin thls framework and sèèklng Board irétlion on issuès of ptslley interetaIl¢rn and In linè ivilh the Performancè Sub group, The éslablishmenl ol a further finance sub group and business development sub group mean that Board members are meeting rnure r8gulady and we are benefitting from the right skills in the right pla¢es. The B08rd meals qu8derly with sgnior management 1&8m member9 in attendance when required. The Executive Director maintains a trequent dialogue wilh bDard members and this enabltrs the Board to romain appraisttd ol currant issues. Board members are also very auive in our relationship witr Groundwork UK and lundraising activity. The Irust&&s consider that they and the senior management team comprise the key management P8rsonn81 of the Trust. TIIV 1111 Ill&lli&iy¥ifitrfil I¥oiii ill 31 M<#fLlI 2024 LUlllFJTlb¥b ¥XEILuknve dir¥LIuf Kdi¥ Willii#TTI¥, UV¥ldliufi¥ dir¥LLur Kimberley Lawson and Made with Many programrne directors Victoria Bell and Vicky Frayard supported by Georgia Vickers. Finance Manager.
GROUNDWORK NORTHAMPTONSHIRE BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 No r8rnun8ration is paid to th8 Trustees who can reclaim approved exp8ndilur8 incurr8d Dn behalf ol Trust busin85s. The pay of any key management personnel 15 reviewed annually and any increase is awarded based on v8riou5 factors, including an ass8ssmont of affordability. The Trust has abNays recognised the contribution all member5 of staff make lo ils activities and aims Their dedicgtion and profassionalism has gnsurèd tha Trust's standing within thè communitiès It sèrvas and thair continuing commitmènt is reflected in rnany ways both within and outside the Trust T8arn rn88tings ar8 hekj during lh8 year wilh an open agenda and have piov8d an eff8ctiv8 way of 8nsuring an openn8SS of cornmunic3lion and a plattorrn for involVeent in all aspects of the Trusfs activities. As the Trust has grown, so have the importance of individual programme area team rneetings. These meetings are held lo enable all staff members to pariicipate, providing oppurtunily lor more focused and involv8d discussion. also providirbg opportunity to liisjliliglit issu8s lo SMT and ftjll team meetings as wèll as prevldlng oppDrtunlty lor m8mrS ol SMT to talk dlr8ctly tD speeillc wogramm8 issues. SMT rneetings are scheduled every rnonlh. Thp Trust has availaNe lo it, monthly management coUnt5 shDwing the ¢urrent financial status and detail of both unrestrbcted funds and IndlvSdual prol8cI fundlng. Th15 combSned with the u58 ol th8 prolecl managernenl syst•rn glves th8 Trust an accural8 and up lo dat8 financial vi8w ol all its aclivill8S ènabllng flnancial guidanc8 to be exercis8d. Quarterly, tho Board r8celv8s a 5umrnary of th8 Trust's flnanclal and non-flnanclal p8rforrnance and status togoth8r wlth ally SP8cilic inlormallon 1811 appropnale. Audltor Th9 auditors, Azgts Audit S9rvic0$, will b9 proptssgd for rg-appointtll9nl al th• forthcoming Annuol Ggn8ral Mgolng. Dl$closur• ol Informatlon io audltor Each of th8 Board ol Truslees has conflrmed that ther8 is no Informallon ol whkh théy are 3war8 whl¢h Is ralèv8ni lo th8 audit. bul of which the auditor is unaware. They have further confirmed that they have taken appropriate Steps lo identify such rèlèvant information and to e5t8blish th8t the auditor 15 aware of such in1mation. Thi$ rgport has befrn prgparod in $ccordan¢e with Ihg swi$1 provisions of Part 15 of the Compani¢s Act 2006 rg18ling lo n311 companie8. The Board ol Trusleè$' report was approved by the Trustèes, 8 D 8onham Trustee Dated.. 9 October 2024
GROUNDWORK NORTHAMPTONSHIRE STATEMENT OF BOARD OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Th8 Board of Tru5te85, who are a150 the directors ol Groundwork NDrthatnplonshire for the purpose of cornpany law, ar8 responsible for preparing the Board Of Trustees, Report and the financial ststements in accordance wth applicable law and United Kingdom kcountin9 Standards (United Kingdom Geneially Accepttrd Accountin9 Practieel. Company Law requires the Board of Trustees lo prepare finan¢ial statements for each financial year which give a true and fair vièw ol th statè ol affairs ol tha Trust and of th incoming rasourcgs and application ol rasourcas, including the income and expendilure, of the charitable cotnpany for that year In pipparing these financial statetn8nts, th8 Board of Trustges ar8 iequirgd lo.. select suitable accounkn'ng pc)licies and Ihen apply them consistently.. observ& th8 m8thods and princlplès In th• Charltlès SORP", maké iudgarnants and astimal8s that aro r&asonabl8 and prud•nl', and prepare tho flnanclal slat8m8nts on the going conc8rn basis unles8 5115 inapproprlal8 lo pr8sum8 Ihat Ihe Trusl wlll conllnu8 in operation. Th8 Board ol Trust•8s ar8 r•spon51bl8 Tor k8•plng adequate accountSng r8cords thal dlscbs8 wSth reasonable accuracy al any tirtié* Ihe linanciiil w)sition of lh8 Trust and énabl# Ili@m lo •nsur8 Ihal th8 financial stdtemants comply with th8 Comp8nie5 Act 2006. Thèy are a150 responsible lor safU8rdlng the 8ssels ol the Trust 8nd hence for laklng 8$onabl0 818ps for th8 prev8nlion and del8dion of fraud and olh8r irr•gularili88.
GROUNDWORK NORTHAMPTONSHIRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GROUNDWORK NORTHAMPTONSHIRE Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol Groundwork Northamplonshire Ilh&'Trust'l for th& ytsar 8nd8d 31 M8rah 2024 vihich comprise th8 Statement of financial activiti98, th& balance sh£8t. th8 8tatèm8nl of cash flows and notgs to th8 financial slatements, induding significanl a¢counling policies. The financial reporting framework th81 has been applied In their prgpar81ion is applicabb18w and Uniled Kingdom Accounting Siandardg. including Financial Reporting Slandaid 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradi¢el. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 March 2024 and of ils incoming r¢sour¢8s and application ol resour¢e$, including rts income and expènditure, for the year then endéd,. havé b88n property prèpar8d In accordanc8 wlth Unit8d Klngdom G8n8rally Acc8ptèd Accountlng Practlce.. and have been prepared in acc(rdance wrth the requirements of the copaNieS Act 2006. Basi8 for opinion We conducted our audrt in accordan wilh International Standards on Auditing IUKI IISAS IUKII and applicable law. Our r&8ponsibili1168 undor those Standards arts lurthar d8s¢rib$d in the Aiidilors 1&8ponsibilili&s forth& audil of the fin&n¢i&l stal&ments section ol our report. We are independent of the Trusl in accordance with the ethical requirements that are relevant to our gudit of Ihe lin8nc481 Slgtempnls in the UK, including the FRC'S Ethic81 Slandaid. and we have f(Jllilled our other elhi¢al responsibilities in accordancg wilh these rgquiremenls. We bgli$ve that the audit eviden¢s wg hgve obtained 1$ sufficient arKI appropriate io provide a basi5 lor our opinion. Conclusions Telating to going roncern In audlllng th8 Ilnan¢lal slatam8nt$, we have eon¢luded that tha Board of Trustèès, u86 ol the goln9 concèm b885s of accounting in the preparation of th8 financial slalem8nts is appropriat8. Basèd on Ilw work n8va p8rforn. w4 h8vè not Idèntlflèd any m8lèrlal uncèrt8lntl8a rèlatlnu to èV8nls or eondltlong that, individually or collec'Vely. may cast significant doubl on the Trust's ability to continue as a going concern lor a pariod ol al 108sI Iwelve months Ircm wh8n thè finan¢ial $tatementS 8ro 8ulherlsed lor Issua. Our responsibilities and the responsibililiÈs ol the Board ol Trustees with respect lo going concBrn are dèscribed in IhB relevant sections ol Ihis report. Othgr Infomiatlon Th8 other information comprls8s thè Infom)ation Includ8d in the annual rèport other than th8 financlal stal8m8nts and our auditor's report Ihereon. The Board of Trustees are responsible for Ihe other inforrnation untained within the 8nnLJal report. Our opinion on the fi'nancial ststements does not cover the other infomialion and. excepl lo the 8xt8nl otherwise 6xplicitly stated in our report, we do nut any form of a¥suranc# conclusion thèreon, Our r#spttnsibillty i¥ to read th# other infomiation and, in doing so, COns9r whether the other inforrnalion is materially inconsislpnt with the financial %lalemenls or our knowlodg* obtainèd in thè coursa ol thè audit, or othèrwis• appgars to b8 materially misstatad. 11 wa idènlfy such material inconsistencie5 or apparent rnaterial rnisstaternents, we are required to determine whether this give5 rise to a material misst8lemenl in the financi81 staternenls themselve5. If. bJ5ed on the work we h8ve perforrned, we conclude that th¥re is a mat¥rial rnisstatttmernt of this trth?r Information, we ar¥ r¥quirttd to rèport thai fact. We have nothing to report in this regard. Oplnlons on other mattgrs proscrSbed by tho Companl8s Act 2006 Iii our opinion, based on the work underiaken in the course of oui audit.. th8 Inlomalon Ven In the Board ol Truslegs, rfjrt for the fln8nd81 y98r for whlch the fln8n¢lal $181gments are prepared, which includes the directors, repori prefx3red for the purposes of company law, is con51Stenl with the financial staternents,. and thè dirèctors, rèFtsrt includad within the Board of Tiustè&s' r6port has b$8n prèparèd in accordancè with applicablè legal requirement5. 10-
GROUNDWORK NORTHAMPTONSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GROUNDWORK NORTHAMPTONSHIRE Matters on whlch we are requSred to report by excepllon In ihe light ol tha knowbdge and understanding ol th$ Trust 8nd its environmanl obt8in8d in tha course of the 8udil. wg have not id8ntifi8d material rnisstat&rn8nts in th8 directors, rap)rt included within th8 Board of Tru81888' r8port. We have nothing to report in respect of thè Idlowlng mattèrs in r8lalSon to which tha Companlgs Act 2006 rgquir•s us to r8port lo you rf, in our opinion.. adaquat& accounling records hava not baen k8pt, or rgturns adequate lor our audll have nol bg8n recèived from branches nol visit8d by u5.. or Ihe linanaal s18lemenls are not in agreement with the a¢counling records and returns., or ¢ert8in dlsclosures of trusiees. rtsmuneiallon specffied by law ara not made., or we have not received all the information and explanations we require forour audit., or the Board of Trustees were not entitled lo prepar8 the linaneial slalemenls in accordance with the small compani88 rp.oimp. and 12kp. AdvantAgp. nf thp. gmall r.nrnpAnip.8' p.xpmptinns in prp.DArino thp. Bnard nf Trii.slp.pq' rp.pnrt And frnm thp requirement to preparè a slral8glc r8port. Re$ponslbllltlos ol Board of Tru$t••8 As expl¥in¢d morg fully in thg slatemgnl of Board of Truslegs, responsibililitrs. Ihg 8oard of Tru$lo¢$. who are also the dirgGtors of the Trusl for the purpose of company law. are r95ponsible for the preparation ol Ihg finanixal slaletnents and for beino sgtislied that Ihpv give a true end foir view, gnd for su¢h internal control as the Board of Trustees dolemine is noGgss9ry lo enable Ihp prgpaialion of financial stalernents that 919 free Iiom malgrial mi$sl81gmenl, whether due io fraud or error. In preparing the financial stalernen15, the Board of Tru51ee5 are responsible for assessing the Trust's abilty lo continue gs a going concem, disclosing, as applicable, matters related lo going concern and using Che going concern basis of accounting unlgss th8 Board ol Truslggs ellh9r intend lo liquidate Ihp charilablo ¢offtpany or Io co0$9 opgralions, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the ffi'nancial statements as a whole are free from material missl¢lemenl, whelh¢r due lo fraud or error, and lo issue an ou¢Jilorfs report that includes our opinion. Reasonable assuranwe is a high levgl ol QBBurance bul is not a guarantee Ih3t L4udil wnducted in L4ccordance with ISA5 IUKI will aayS detect material misslatemenl when il exists. Misstatements can arise trom fraud or error and are considered material il. individually or In the aggrogale, they could r9880nably be expected to Influgnce th& economlc de¢l8lon$ of usgrs18kan on the basls ol these financial slalemenls. A further descriplion ol our responsibilities Is av8i18ble on the Financial Reporting Council's website al.. http$'.Ilwww,Irc,org.ukJauditorsresponsibilili8& This dè5CllPtion forms part ol ow auditor's ieport. 11
GROUNDWORK NORTHAMPTONSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GROUNDWORK NORTHAMPTONSHIRE Extent to whl¢h the audlt was con51dgrgd ¢apablg of dgto¢tlng Irrogularltl95, Includlng fraud Irr&gu181th'es, including fraud, are inslanees ol nOn<0mlance with laws and régulations. We design piocedufes in lina wrth our r8sponsibilitl8s, ouUin8d above and on th8 Financial R8POrting Council's wabsile, to d8t8cI mat8rial misstatements in respect of Irregularits"es. including tr8ud. We obtain and update our understanding of the enfr'ty, its activities, Its control entrironmenl. and likely future developments. including In relation to the legal anrl gUlatOry framework applicable and how the ents'ly is ¢omplying with that Ir8mework. Based on this understanding. we identify and assess the risks ol fflalerial rnisslalemerrt of the financial slatemenls. wheth8r due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence Ihat is sufficient 8fKI appropri8le to provide a basis for our Opinion. This includes ¢onsideralion ol the risk ol aels by the enlity ih81 Vre contrary lo applicable laws and regulats'ons, including fraud. In response lo the rlsk of Irregularllles and n(x)-compllan¢è wllh lawg and regulgllon8, Includlng fraud. w6 de85gned procedures which included.. Enqulry of manag6m8ni thos& charged wllh govem8nc& around actual and po16nllal111Sgallon and dairns a8 well as actual, suspected and alleged fraud., Reviewing minLrtes ol meetings ol those charged wth governance., As88S8lng th6 exlènl ol compli8n¢è wrth the laws and regulallons ¢on8iderad to have a dlreel malèrlal 8ff8¢1 on th8 financial stalem&nts or the operations ol the entity through enquiry and insp8Ction- Reviewing fina ial statement disclosures and testing to supporting do(aJmenlalion to assess MPliance wth applic8bl8 laws and regulalions., Performing audit work over the risk ol management bias and override ol controls, including le51ing of joumal entries and other adjuslnietils for ¥ppiopri8leness, evalualiiig 11)e busin¥ss r8tr'on81g of signifi¢aiil IKatis8¢lions vulside Ill norrnal Coursts of businèss and r8viewing aceouniing 681im8tes lor indicators of poièniial bias. Because of the inherent limilalions of an audit, Ihere is 8 risk th81 we will not dele¢t 811 irregularities, Including those leading lo a rnaierial migsialemenl in the financial glalernenls or non<ompliance wlh regulation. TINS risk in¢rea8es thè rnore that complianc& with a law or r89LJlalirin is r8movÉd frorn the 8v8nts and transactions refl8cled in th& financial slat8manls, as we illl be less likely lo tjecome awa of insl8n¢es ol ntsn-¢ompli8n¢e. The nsk ol nol detecting a materi81 misslalemenl r8sulling frow fraud is higher than for on8 reyulling from error, as fraud may involve Collusion, forg8ry, intentional ornissions. misrepresentations. or the override ol intemal control. U8• of our report Thls r8port Is madè solèly to th# charltablè company's mèmbers. as a btsdy, In accordancè wlth Chapt#r 3 of Part 16 of th8 Companies Act 2006, Our audit work has been undertaken so that we might slate lo the charrtable company's members those rnalt8rs w8 are required to state to Ih8tn in an audilorfs report and lor no olh8r purpose. To Ihg fullest extent p8rtnitl8d by law, we do not accept or a55urne responsibility to an5K)ne other than Ihe charitable cornpany and the eharitablè company'$ members as a body. for our audit work, for this repori, or for the opinions we have formed. Richard Monkhous8 (Senior Statutory Auditor) for and on behalf of Aze15 Audit Service5 9 October 2024 Chart8rnd Accountgnl$ Statutory Aud5tor Thorpe House 93 Headlands Kgll9ring Norihamplonshire Untted Kingdo NN156BL 12-
GROUNDWORK NORTHAMPTONSHIRE STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 unrtrict• Rostri¢t•d funds funds 2024 2024 Total Unre8tri¢tod Restri¢1od fund5 lunds 2023 2023 Total 2Q24 2023 Notos In¢omo from: Danations and legad6s Charitable aBlivities Investments 23,840 148,206 3,849 23.840 1 238.817 3.849 14.591 114,817 976 14.591 1,400.134 976 1.090,611 1,285,317 Total ineome 17S,895 1,090,611 1266.506 130.384 1,285,317 1.415.701 •ndlluro on.. C,harilahlp Hr,tiviliÈs 140,933 1,108,260 1.249,193 90.108 1,297,838 1,387,94 Net Incornlnglloutgolngl re8ource6 before tranBlers 34,962 117,6491 17,313 40,276 112.5211 27,755 Gross Iranslers between funds 117,6491 17,649 112,5211 12,521 Net Income for the yearl N•t mov•m•nl In fund 17,313 17.313 27,755 27.755 Fund balances at 1 April 2023 198,903 198.903 171.146 171,148 Fund bal8n¢0$ 8t 31 Mar¢h 2024 216,21 216,216 198,903 198,9)3 Th8 Statement of financial activiti85 includes all galns and losses r8cognis8d In th8 yoar. All Incomg Ind gxpgndilurg dgrfve from conlnuing oCtlvll19$. The slatam8nl of Ilnanclal ecfjvlllfrs also ¢ompli*s wllh the roquSr9mgn1s lor gn In¢om¢ and gxpgndllur9 accoiJnl undgr thg Cotnpanigs Act 2006. 13-
GROUNDWORK NORTHAMPTONSHIRE BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 Notes Flx•d ass•ls Tangible as(5 13 30.096 36.935 Currènt assèts Debtors C8sh al bank and in hand 14 99,041 498,744 107,700 459,994 597.785 667,754 Creditor8: amounts hlling duo within ono y•ar 13 1411,66Jl 140fJ 7871 Net current assets 186,120 161.967 Total assets less current IlabllltleB 216,216 198.913 Incom• funds Unresiricled funds 216,216 198,9)3 216,216 198.9)3 These financial slalernenls have trEen prepared in a¢cordance with the provisions applicable lo companies subject lo thg sm811 companies ragima. The Ilnancial slalements were approve(I by lh8 Board 01 Trustees on 9 October 2024 S D Bonhorn Trustee Company r•gl$trotl¢n numb•r OS679933 14-
GROUNDWORK NORTHAMPTONSHIRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cash flows from operatlng actlvltl•s Cash generalgd from opgralions 20 34.901 81.(NS Invèstlng actlvlt5•8 Purchase of langibltt fixed assets Inveslrnent incomè rts¢8ived 130,G301 976 3,849 Nfjt ¢•$h g•n¢rald fromllu$fjd Inl Inv•$tlng o¢tlvltl•$ 3,849 135,6601 Net cash usèd In tlnanclThg actlvltl84 N•t Incr•a8• In cash and cash •4ulvalont8 38,750 45,386 ash ond ¢ash eoulvalpnis ot beginnlng of year 459,994 414,608 C4$h ond ¢psh gqulvalnl$ at •nd of y••r 498,744 459.994 15-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Groundwork Nonhamptonshir8 Is a privat8 cornpany limSted by guarant88 Incorporalod in England and Wal8s. Th8 r8gi51er8d officè Is The Businèss Exchangè, Rockingham Road, Ketlerlng, Northanplonshir8, NN16 8JX, Unit8d Kingdom. 1.1 A¢¢ountlng convontlon The charity constitute5 a public beneffit entity as d8fined by FRS 102. The financi315talements have been prepared in accordance with Accounting and Reporting by Charities.. Slaternenl ol Recommended Practi applicable to charities preparing th8ir accounts in accordanc& wilh ihe Financial Reporting Standard ap?licable in the UK and Republic ol Ireland issued In October 2019. the Flnancial Reporting Standard applicable In the United Kingdom and Republic ol Ireland IFRS 1021. the Charilles Aet 2011, the Compani8s Act 2006 and UK G8ner8lly Accepted Accountlnu Pracliea. Th8 Ilnancial sla16ments aro preparod In 51•rllng, whlch15 the lunctlonal currency ol tho Trusl. Monetary arnoun15 In th8s8 financial stAlem8ntS *8 round8d to thè naar8St £. Th• companrfs accounts pr8s8nt information about il as an individual undertaking. The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven'0n. The principol acoounting policies adopl&d are s&1 out below, 1.2 Going conc•m At the Iirne ol approving the financial slalernenls, the Lloard ol I ruste85 have a r8a80nable exp8clatron that the I rusl has adequate resources to continue in operational existence for the foreseeable future. Thus the Board ol Trustees conllnue lo adopt the going concern bag18 of accounllng In preparing the Ilnanclal slatemenlg. 1.3 Charltable fund¥ Unr851ricled funds are avallable for use at the discretion ol the Board ol frusloos in furtheran of their ¢harltsble objeclivas. R8$lrl¢tod funds are subled to 8pe¢rfle ¢ondillons by donors as lo how they rnay bts u$8d. The purposes 8n¢J uses ol the restrictad fu3 8r8 set out in th8 notes to tha lin8ncial 8tatem8nt8. 1.4 Incornlng resources Income is recognised when th& Trust is legally entitled to It afier any pertDm)anc& conditions have been met, th8 amounts can be measured reliably, and il is probable ih81 income will be rtrcelved. Income from donakn'ons and legacies comprises grants of a general naluie, provideé by national and loBal government, charitable foundations and other organisations, which are not conditional on deliveriig certain leve15 of a service. The Incorne Is rgcognised whgn Ihgre Is ovldon¢g ol enllllgmonl, recglpl 1$ probablo and its amount Can bg measurgd reliably. Incom8 from charitable activili85 includes incomtr received both from th8 supply ol services under contractual arr8n9ements and from performan¢e-relaled grants which have conditions that specify IhE provision of porticuLqr services. Where grants are considered to be perfomiance-relaled, income is re¢oJnised to the extenl th81 the a¢ts'vilies outlined in the funding agreement have been performed by the periol end, Where income has been received bul the related activities have not been completed by the period end. a balance ol income proportional tu the oulslanding aciivities to be perfomied Is ¢arried fOard lo the next period as deferred income. Where donors specify grants are to be used in a future accounting period, the income is deferred until thal period. 16-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.5 Resources expethdod Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that exptrnditure, and il is prDbablg a transfgr of economi¢ bènÉfits will bo required in s9tllement and the amount of the obligation Gan be measured reliably. Expenditure is accounted lor on an acGruals basis and has been classffied under headings that aggregate all cost related to the category. Irrecoverable VAT is Charg against the expenditure heading for which it was incurred. All costs arg allocalwj betwoen Ihg activity categories on lh8 slat8rn8nl ol financial aclivili8$ on a basis designed to flecl the use of the resource. Q)sls relating to a particular activity are 3llwAted directly, others are apportioned on the basis of estimated usage. With the exception of governanae costs. all expenditure incurred is classified a5 direct Costs on the ba51S thal. in the oplnlon of Ihe trust8as. il results dirèctly from undartaking tha charlly's acllvltlès. That part ol axpandlluro ivhlch ralat8S IL) suprt GQs15, including ller&I managemgnl, admini8lralion and sirnilar Gosts, is not Gon8idered tnatedal. 1.6 Tanglbl• flx•d aB8•ts Tangible fixed 8ssels arè inrtially mèasurèd initially on the bs18n¢e sheet 81 théir histori¢81 cost. Deprèciation Is rèeognised so as lo wrila off thè cost or valuallon ol assèts lèss ihèir raslrjual values ov•r thèlr usalul IIve8. As summar188d belovi, assets held al the Green Palch 8re belng wrltien ofl over there esllmaled usaful Ilfe of sevèn y8ars. R8sldual Ilxtur8s and fiitings wère not depr8clat8d In the year and remaln valu8d at £2,000. Th8 Gre8n Patch Fixtures and ffiltings Equipment Motor vehicles 7 yèars None None 4 year8 Thè 941n or loss adslng on th• disposal of an ass8t Is d8l•rmin•d as lh8 dlffar8nc8 b8twéen tha salè pr<)c88ds and th8 carrying value ol the asset, and Is rew9nlsed In net in¢omellexpendilurel for the year. 1.7 Cash and cash •qulvalènts Cash and cash equlvalenls includa cash Sn hand, deposits hdd al Call wth banks, other short-larm1Squld inv8slmenls with original malurilies ol three months or less. 8aslc fln8nclal assets Bdsie linanaal dssels, which include debtors and Cash and bank balanees, are inipially measured al transaction price induding transaction costs end are subsequently Carried al amortised cost. Bask flnanclal 1lablllt195 Ba8ir. financial liahiliti8s. inrluding cr8ditnrs iniliAlly rgrx)gni89.d at tr3n8artic)n prirp Creditors arts re(x)gnised where Ihts charity has a pre$6nl obl¥J81ion resulkn'ng from a past aveni that yvill probably result in the transfer ol funds to a third party and the amount due to setle the obligation can be rneasured or estimated reliably. Amounts payable are classified as current liabilities il payment is due wthin one year or less. 11 not, they are presented as non-currenl liabilities. Derttognilion of financial liabilities Financial liabilities are derecognised when the Tru5t'5 contractual obligations expire or are distharged or cancelled. 17-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl i.e Employee bentsfitJ Tem)ina.Cn benefits are recognised immediately as an expense when the Trust is demonstratrjy commitied to torminattr the ¥mploymenl of an gmployee or lo provide 1ormin8lion bgnelils. 1.9 Rollr•ment ben•fits PaymntÉ to d8fii&d contr11tioTh r8tir6m&nt b8n8fit schèmes ar8 charged as an 8xp&ns8 as th@y fall due. 1.10 Donated servlces and facllltles Dona18d s•rvlcos and lacS1itl•s ar• included al the valu8 to th8 charlty whoro Ih15 can b• m8asurod r8llably. AS xplalnd In the note) lo the finJn¢l41 gtalements the ¢harY rents land from Ketlering Borough Coun¢ll for J nomlnal charga of £1 pèr annum. In the successful delivery ol Sts aclviti£s Ihe charSly also banoflts from slgnlficant lev81s of help wilh bigger proleGls Irorn the workforc88 of local emplgygr8. a8 well as regular support from voluntopr8 within local cornrnunities. In thè tjplnion of Ihé IrLisl8és11 Is imprgctical lor the valué to th8 charty of thésa séwicés and f2dlil&s to b& measLirgd reliably and no income or equivalent expenditure has been recognised in the stalernent of financial aclivilie5. Sirnllarfy, the valu8 ol servlces provld8d by volunle8rs has not been included In th8 Ilnancial slatémènls. 1.11 Operthting le&seJ RenlBls payable under operating leases, including any le85e incentives received are charged 8s an expense on a straight lin8 basls ov8r the t8rrn ol th8 r818vant1oas8. Crltlcal accounllng estlmates and ludgernents In the appli¢8tr'on of Ihg Trust's occounting poll¢l¥s, Ihg Boar¢ ol Tru$lees are roqulred io mako judgements, esllmales and a5sumption5 about the rrYIng arnounl of a55e15 and liabilities that Bre nol readily 8pparenl from other SoUrs. Th8 oslimal85 and associatod assumplons are basod on hlstorical 8xp8rt8nc8 and olhor factors that are consldèred lo b8 rl#vant. ACILHI rasults rnay diffr from Ih&s• #sllmates. Th8 8slima185 and und¥rl)qng assumptions aré revi•d on an ongoing basis. Rsvisions to accounting •slimat8s ar• r8cogni5ed in the period in which Ihe 851imale is revi58d wher8 the r8V15K)n aff8Ct5 only Ihat period, or in the p8riod ol the revision and futu pericas whère the revlsion 8ffÈcls both eurrenl and future perlods. 18-
7Jc>
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 DonatSon3 and le9acles Unrestricted Unr•9trictèd funds lunds 2024 2023 Don8llons and IwJacles 23,840 14.591 Inv•8tm•nts Unrestrlcled Unre5trlcted funds lund$ 2024 2023 Inlgre81 recgivable 3,849 976 charats1• acti108 Charltabl• Charltsbl• Expenditure Expendituro 2024 2023 Staff costs Depreciation and impairrrenl Communities WorkbssnesslEducalion Youth 741,010 6,840 486,355 4,049 10,939 603,792 4.500 678.784 30,091 70.779 1,249,193 1,387,94fj Analyiis by lund Unreslrlcled funds R9Stricled funds 140,933 1,108.260 90.108 1,297,838 1,249,193 1.387,946 Actvty costs include Bllocated govern8nce costs to1811ing £17,32012023.. £16,059) as followa.. Comrnunities £16,80212023'. £13,9811. Worklessnes$lEduc81ion £14012023.. £6201. Youth £37812022.. 1.4581 -20-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Governance costs 2024 2023 Auditors Remuneration Oth8r profesyional servic&s 10,200 7,120 7,800 8.259 17,320 16,059 Governance cosls lotalling £17,32012023'. £16,059) are included in expenditure on charitable 8Ctivitie5 and are apportioned pro iata to the total costs incurf8d In delivering each a¢'vitY. Govemanca costs ar8 met Irorn unr•strict8d ILJnds wilh thè èxcèptlon ol audltor's remuneration where an appropriat6 proportlon IS allocated to sPeCC projècts. Governance ¢0s18 In¢lLJd8 payments ol £10,20012023- £7,800) lo the 8u(Jllors ¢ornprl$ing £8,50012023 £6,500) for audit lees and £1,70012023 - £1,300) ol unrecoverable VAT. Not movèrnont in fund• 2024 2023 Net rnOV8ment in funds Is staled aft8r chargingllcr8ditingl D&preclalion of owned tanglble fixed assets 6,840 B+)awd Of Trustees None ol the Board ol Truste8s lor any persons connected with them) received any remuneration or benefits from th8 Trust during the year, During the year, 1 Irusl8e was rèimbursed £1.07312023 £8901 lor motor 8xp8ns8s Incurred cn bahalf ol th8 charity. 10 Employees Thè average monthly number ol employè&8 during the yèar was.. 2024 Numb•r 2023 Number 2T 22 Employmgnl c1* 2024 2023 Wages and salaiies Social secudly costs Other pension costs 679.090 49.045 12,875 562,690 30,95S 10,147 141,010 603,792 21
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employ•¢$ Icontinutdl The ch8rity CL)ngder$ that rt$ key m8nagement personnel ¢omprise the trustees 8nd Senior M8n8gement Te8m. The total ernploymenl benefits, Including employei pension contiibutions, ol key tnanagetnenl personnel were £134,7£4 12023- £120,289). The avaragè numbar of gmployggs dlsdosad abova Ss tha av8rag8 numbar ol full timg equlvalant employees. Tho actual average nurnb8r o15taff 8tnployed during th8 y8ar wa5 3412023- 321. There were no employees whose annual remuneralion was more than £60,000. 11 Donated fa¢iliti08 Th8 Trust rants land from Kgltarin9 Borough Council IKBCI lor a nominal chaiga of £1 par annum. This land is used as a comrnunity allotrnent known a5 The Gr88n Patch and provides horticultural and learning facllil8s for an Incr8asingly diverse range of user groups. The trusl gre8tly vabes thi5 resource which enables it to have a physical presence within th8 community and is grateful lo KBC lor Its g8n8rDus consid8ration. The Trust also benefits trorn signifjcanl leve15 of help on bigger projec15 from the workforces of local ern 0yerS as well as régular suppcrt from volunl8•rs from wllhin local communiU8s. 12 Taxation Th8 charity Is 8x•mpt from tax on incom8 and galns falling withln section 505 of the Taxes Act 1988 or saclion 252 01 th• Taxationol Charg8abl8 Galns Act 1992 10 th8 èxl8nt thal thes8 are applied to charitabl8 objècts. 13 Tangible fixed ets The Green Flxtures and Equlprnent Patch Motor vehi¢le& Total Cost At 1 pri1 2023 39,436 832 43,795 14,000 98.C63 Al 31 March 2024 39,436 832 43,795 14,000 98,QE3 Depreciation and Impalrm•nt Al 1 Ppril 2023 Depreciation charged in the year 16.800 3,240 432 41,795 2.100 3,600 61,127 6,840 At 81 Mar¢h 2024 20,040 432 41.795 5,700 67,*7 Carylng amount At 31 March 2024 19,396 400 2,DOO 8,300 30.tyx At 31 March 2023 22,636 400 2,000 11,900 36,936 -22-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Debtors 2024 2023 Amount8 f8lllng due wlthln one year.. Trade debtors Other debtors Prepayments and accrued income 97.793 828 420 106.512 828 420 99.041 107,760 15 Crèdilor&'. amounts falling duè within one yèar 2024 2D23 Nol•8 Other taxalion and 50clal Security Deleried in¢Dme Tra¢Ye Creditors Other créditors Accrua15 18,876 370.984 11.804 17.838 358.981 19,339 2.031 16 10.001 411.665 405.787 S88 nol8 18 for full d•talls of Income dèférred as at 31 March 2024. 16 Dèl•rrèd In¢om& 2024 2023 Other deferred Income 370.984 358.981 Deferred income is included in the lin8nci81 slBternentS 85 folknws., 21124 2023 Deleried incDme is included within.. Current liabilities 370,984 358,981 Movement8 in the ygar.. Deleried income at 1 Aprll 2023 Released from previous periods Resources deferred Sn the yèar 358,981 1358,9811 370,984 289.150 1289,1501 358,981 Deferred iiicome at 31 Marth 2024 370,984 358,981 -23-
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GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Detalls of restrlcted funds Re$tricled funds 8re used for the ftslltswing progr8mmes'. Communltlg5 Helping local communi118s through capacity building and support to take actions which improve their qualily of lrfe. WorklessnesslEducation lrnproving ernployment, volunteering and educational opportunities through training. leaming and work experience. Youth Engaging with young peoplè, partieuk3rly thosè al risk of 8xclusion or from disadvantagèd background and using interventions to divert them from anti social behavh)ur and provide them wilh better life opportunities. Transfers An amount has been transferred from unreslricled fvjnds lo reslri¢led funds in respeot of certsin project ¢Dsts mel from unreslricled funds. Re8tTlCted defeired income The Cornmunities and the Youth restricted fund5 include grants received in advance ol expenditure. These grants are fully r8fundabla until qualllylng expendSlure Is Incuflgd and 8$ such unsp8nt grants al th8 y&ar end ¥r• d@18rrgd. D8tails are 58t out b81ow'. 1. Locjl Trust Award: King¥wood Huel Ley• Defèrred incomè al 1 April 2023 £ 72,969 Grant received £ 39,375 Resources expended 1£ 90,7981 Deferred income al 31 Marth 2024 £ 21,546 2. Other Dgfgrred In¢omo 911 Aprll 2023 £ 142.337 Grant recelveLI £71S,397 Resource5 expended 1£ 676.8811 Dgferred Incomo al 31 Morth 2024 £ 183.873 3. Art8 Coun¢ll england Fundlng . Crfratlve P*opl• and Pl9¢0$: Mad8 Wlth Mony Deferred income at 1 April 2023 £ 143,675 Grant roc4ived £ 364,054 Re50urce5 expendèd 1£ 342,1641 Deferred income at 31 Merth 2024 £ 165,565 The charity is lead rnember of 8 consortium of local org8nis81ion5 participating in the Cre8th've People and Places project. Fo114)wing the award Df a grant L>1 £1,000,000 in the year ended 31 March 2014. a further granl of £885.325 was awarded in the year ended 31 March 2018. Details of the incom8 deferred, atnount5 received and arnounts expended In the year are dL5cIosed above. -25-
GROUNDWORK NORTHAMPTONSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Relatsd party transactSons The Federation of Groundwork Tru$t8. North8rnPtonshire County Couneil, North8rnPton Bortsugh Coun¢il. Ketiering Borough Council, Corby Borough Council and East Northamptonshire Council nominate trustees to serve on the Board. The Trust is also a mernber of The Federation of GroLJndwork Trusts. The Trust has material transactions with The Federation of Groundwork Trusts and the local author'eS listed above. Hnwpv?.r. nrtnè (>f thp. n(kmin2ipd tni8lp.p.q nf thp r.hArity hsJ8 A e.nnlrr)Ilino inlprp.sl nr a mAIpriAI hp.n?.fir.ial intprè.*t in the58 enllies. In the trustees, oplnion Iherelor8. the tran8aclions do not fall wlthin the d8finition ol related parties glven In the Charities SORP and no separate disclosure of the transactions between the Trust and these &nli118s, which were carried out under normal commarcial tem$. 1$ reqiJlred. There were no olher related party transactions that require disclosur8. 20 Ca$h gongrat from tsp•ratlon$ 2024 2t)23 Surplus for the year 17,313 27,755 Adjustménts lor.. Investment rgcogni8gd in st819nI ol fi'n8ncial activitigs D8preciation and impairmeni of langible fixed ass•ts 13,e491 6,840 19761 4,500 Movements In worklng capltal.. Decre8s& in d6blors IDacr8as81 in crédllors Increase in defeed income 8,719 16,1251 12,003 24,089 144,1S31 89.831 Cash generated from operations 34,901 81,(M6 21 Analy$ls of ¢hgnggs In nèt funds Th8 Trusl had no dabl during th8 y8ar. -26-
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