SiJPP(.)111 INQty l AK4ILlty v.'IlH CHILL)kl N IINL)Ell livk NEST AYLESBURY VALE Annual Report and Accounts 2023-2024 Registered Company Niiinber: 5993373 Registered Charity Number: 1119763 NEST Aylesbury Vale Report and Accounts 2023.2024
NEST AYLESBURY VALE LIMITED CHAIWS REPORT FOR THE YEAR ENDED 31st MARCH 2024 Chairfs Annual Review April 2023- March 2024 This year Nest has been as busy as ever. Free- mostly, at least-from restrirtions around COVID, we have had a year providing support to families without additlonal external pressures. Nest has, again, attracted an ever-increasing number of enquiries which has meant that the team is still very busy, a continued sign of the crucial need for Nest and the services we provide. Following another amazing effort from Liz and Shushana means we have received continued grants and donations from Bucks CC, Rothschild Foundation and Heart of Bucks (Kop Hill climb), a very generous donation from the William Harding Foundation, the Stockwell Cliffe Foundation, The Entertainer, together with Cheddington Wl raising funds for Nest as their chosen charity, Nether Winchendon holding a fund- raising carol service, our continued support from Pledge and Promlse donors, Buckinghamshire Lottery supporters and other private donors. We are always so grateful to all our sponsors. Without your help we would not be able to continue. It has been anotheryear of incredible supportfrom all our volunteers. We thank you all. Families are sadly more than ever in need of our support, and your continued provislon of time and emotional stability helps our families work through their challenges. You should all be very proud of your achlevements and your dedication. Nest is built upon your efforts. As ever, Nest Aylesbury Vale is run by Shushana and Sheena like a well-oiled machine. All of the families depend upon thelr experience and kindness In ensuring Nest provides its excellent support blanket. Once agaln, I remain amazed at how Nest and its volunteers manage to help so many struggling families, week in, week out. Thank you, all. I wish you and yourfamilies well. AJ Thompson Chair NEST Aylesbury Vale Report and Accounts 2023-2024 Page I
NEST AYLESBURY VALE LIMITED Charlty registratSon number: 1119763 Company number: 5993373 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered Company number 5993373 (England and Wales) Reglstered Charlty number 1119763 Reglstered offlce 8 Temple Square Aylesbury Bucks HP20 2QH Trustees A.J, Thompson (Chairl E. Lucas (Vice Chair) R. Clarke (Hon. Treasurer) S. Lord Independent Examlner Paul Hammett FMAAT Paul Hammett Accounting Solutions Ltd 11 Manor Road Wendover Bucks HP22 6HL Bankers Natwest Bank plc 22 Market Square Aylesbury Bucks HP20 ITR NEST Aylesbury Vale Report and Accounts 2023-22 Page 2
NEST AYLESBURY VALE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 OBJECTIVES AND ACTIVITIES Objectlves and alms The Charity's objects (the Objects} are: a) to safeguard, protect and preserve the good health, both mental and physical of chlldren and parents of chlldren; b) to prevent cruelty to or maltreatment of children,. c) to relleve slckness, poverty and need amongst children and parents of children; d) to promote the educatlon of the publlc in better standards of childcare wlthln the area of Aylesbury and Its environs. The Vlslon NEST Aylesbury Vale wants to see a society In whlch every parent has the 5UPPOrt they need to glve their children the best posslble start In Ilfe. Core bellef for NEST Aylesbury Vale NEST Aylesbury Vale belleves that chlldren need a happy and secure chlldhood and that parents play the key role In glvln8 their chlldren a good start In Ilfe and helplng them achleve thelr full potentlal, Mlsslon NEST Aylesbury Vale Is a home vlsltlng scheme for famllles where there Is at least one chlld under flve years of age. Help is offered at tlmes of stress, so that dlfflcultles do not turn into crlses. Trained Volunteers work towards Increasing the confidence and Independence of parents by: Offerlng support, frlendship and practlcal asslstance to famllies. Vlsltlng families in their own homes where the difficultles exlst and where the individual's dignity and identity can be respected. Developing a one-to-one relationship In whlch the volunteer offers tlme, flexlbillty of approach and understandlng. Encouraglng the parent's strengths and emotional wellbeing in order that these may be transmltted to thelr children, thus enhancing thelr development. Reassuring parents that difficulties In brin8lng up children are not unusual and emphaslslng the pleasures of family life. Encouraging famllles to wlden their network of relationshlps and to use community support and services effectively. NEST Aylesburyvale Report and A¢¢ount$ 2023_2024 Pa8e 3
NEST AYLESBURY VALE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 Publlc Benefft In setting its plans and priorities for areas of work, the trustees have had regard to the guidance from the charity commission on public statement of benefit. The summary of achievements demonstrates how NEST Aylesbury Vale has set out to fulfil its prlncipal charitable objective, that is: the relief of children or parents in despalr or in dlstress and the prevention of emotional, physical or mental abuse of such children. Management of Servlce Nest Aylesbury Vale Is managed by a committee of Trustees who are representatives from the local community, with a commitment to Nest Aylesbury Vale's core beliefs. The Trustees employ a Co- ordinator for 30 hours a week to recruit, train, support and manage the team of volunteers who work with the familles. The Co-ordinator is supported by an adminlstrator who works 15 hours per week. ACHIEVEMENTS AND PERFORMANCE Durlng the period 1st Aprll 2023 to 31 March 2024, 44 families have been Indlvldually supported118 rural - 26 town). Thls is the same as last year. Of these, 25 came from health visitor referral, 14 were self-referral wlth 5 from other sources. Our reviewing process demonstrated that thelr needs were slgnlflcantly Improved or fully met. A total of 20 home-vlsltlng volunteers were Involved In supportlng famllles durlng thls perlod. FINANCIAL REVIEW Reserves Pollcy Nest Aylesbury Vale has budgeted and controlled its finances so that all Ilkely expenses for up to three months are capable of being met out of cash resources currently held. In addltlon, a reserve is necessary to cover rent up to the next break point and any other statutory payments. In total this equates to approximately slx months, expenditure. However, the tlmlng and amount of grants recelved can increase this by up to a further six months, which means that our total reserves can fluctuate between six months and a full year. The present level of reserves represents approximately twelve months, attivity at our current level. There are no material commltments or expenditure planned which are not Included in the balance sheet and have not been deducted from the assets In calculating the reserves. NEST Aylesburyvale Report arbd A¢¢ounts 202>2024 Pa8e 4
NEST AYLESBURY VALE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 Flnances - Honorary Treasurer's Revlew The accounts for the 12 months to 31st March 2024 show a deficit of £10,148 {2023- £9,053 surplus). During the 12 months to 31st March 2024 donations and grants were recelved totalling £43,456 {2023 £56,760). Expenditure during thls perlod amounted to £55,049 (2023- £49,514). At 31st March 2024, there was a balance of £50,275 at bank and the accumulated fund at this date was £50,732. STRUCTURE, GOVERNANCE AND MANAGEMENT Governln8 document The charity is controlled by Its governlng document, the Memorandum and Artlcles of Assoclation. It 15 a company limited by guarantee as defined by the Companies Act 2006. Recrultment and appolntment of new trustees Trustees are appolnted by majority declsions of the exlstln8 trustees and after DBS checks. All new trustees recelve a Welcome and Inductlon Pack, meet the staff and become fully acquainted wlth the administration of the office, pollcles and practices and roles and responslblllties of trusteeshlp. This report has been prepared In accordance with the speclal provlslons of Part 15 of the Companles Act 2006 relating to small companles. Approved by the trustees and signed on thelr behalf by: A.J. Thompson Chair Date: IS 2024 NEST Aylesbury Vale Report and A¢¢ounts 2023-2024 Page 5
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NEST AYLESBURY VALE LIMITED FOR THE YEAR ENDED 31$t MARCH 2024 I report to the chartytru5tee5 on my examination of the accounts of the company forthe year ended 31 March 2024 which are set out on pages 7 to 18. Responsibillties and basis of report As the charrty trustees of the com pany (and also ts directors for the purpose5 of company law) you are restKJnsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2(K6 {'the 2(ffi ACV). Having satisfied myself thatthe accounts of the company are not required to be audrted under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of your company's accounts a5 carried out under section 145 of the Charrties Act 2011 ('the 2011 ACV) In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independont examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me tluse to believe that in any matenal respect." accounting records were not kept in reSct of the company as required by section 386 of the 2CKf) Act,. or 2. the accounts do not accord with those records. or 3. the accounts do not comply wrth the accounting requirements of section 396 of the Act otherthan any requirement that the accounts give a'true and fairview, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Practice for accounting and rertIng by charitie5 applicable to chanties prepanng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matter5 in connection wrth the examination to which attention should be drdwn In this report in order to enable a proper under5tsndin8 of the accounts to be reached. Paul Hammett FMAAT Paul Hammett Accountingsolutions Ltd 11 Manor Road Wendover Bucks HP22 6HL Date. 23 S ternber 2024 NEST Awesbury Vale Report ACcnts 2023-2024 Page 6
NEST AYLESBURY VALE LIMITED Charlty No. 1119763 Company No. 5993373 STATEMENT OF FINANCIAL ACTIVITIES (Includlng summary income & expendlture account) FOR THE YEAR ENDED 31st MARCH 2024 Unrestrlcted Funds Restrirted Funds Total Funds Note 2024 2023 INCOME Income & endowments from: Donations and legacies Other trading activities Investments 43,456 883 562 43,456 883 562 56,760 1,614 193 TOTAL 44,901 44,901 58,567 EXPENDITURE Expendlture on: Raising funds Charltable actlvltles 1,403 53,646 1,403 53,646 1,695 47,819 TOTAL 55,049 55,049 49.514 Net Income/(expendlture) 110,148) (10,1481 9,053 Transfer between funds Net movement In funds 14 Reconclllatlon of funds: Total funds brought forward 60,880 60.880 51,827 Total funds carrled forward 73 NEST Ayle5bury Vate Report and Accounts 202>2024 Page 7
NEST AYLESBURY VALE LIMITED Charlty No. 1119763 Company No. 5993373 BALANCE SHEET AT 31st MARCH 2024 Note 2024 2023 Fixed Assets Tangible assets 560 Current Assets Debtors Cash at bank and In hand 1,230 4,788 Total current assets 51,505 61,355 Credltors: Amounts falllng due wlthln one year 10 35 Net Current Assets/(Uabllltles) 60 Total Assets Less Current Llabllltles 50,732 60,880 Credltors: Amounts falllng due after one year Total net assets Funds of the Charlty Restricted Funds 13 13 Unrestrlcted Funds Total Funds The charitable company is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the year ended 31 March 2024. The members have not required the charitable company to obtain an audit In accordance with Sectlon 476 of the Companles Act 2006. The trustees acknowledge their responsibllities for {al ensuring that the charltable company keeps accountlng records that comply with Sectlons 386 and 387 of the Companies Act 2006 and {bl preparlng flnancial statements which 8lve a true and falr vlew of the state of affalrs of the charltable company as at the end of each financlal year and of Its surplus or deficlt for each financial year in accordance with the requirements of Sections 394 and 395 and whlch otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. NEST Aylesbury Vale Report and Accounts 2023-2024 Page 8
NEST AYLESBURY VALE LIMITED Charlty No. 1119763 Company No. 5993373 BALANCE SHEET AT 31st MARCH 2024 These flnanclal statements have been prepared In accordance with the special provisions of Part 15 of the Companies Att 2006 relating to small charitable companies. The financial statement5 were approved by the board of trustees and authorlsed for issue on 2024 and were slgned on its behalf by: A.J. Thompson R. D. Clarke The notes on pages 10 to 18 form part of these flnancial statements. NEST Ayle5bury Vale Report and Accounts 202>2024 Page 9
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Note l. Accounting policies Charlty infomiation Nest Aylesbury Vale Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 8 Temple Square, Aylesbury, Buckinghamshire, HP20 2QH Basls of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitles SORP (FRS 1021 'Accounting and Reporting by Charitles: Statement of Recommended Practlce appllcable to charities preparing their accounts In accordance with the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effectlve l January 2015),, Financial Reportlng Standard 102 'The Financial Reportlng Standard appllcable in the UK and Republic of Ireland, the and the Companles Act 2006. The financial statements have been prepared under the historlcal cost conventlon. The charlty has tsken advantage of the followlng disclosure exemptlon Sn preparlng these flnanclal statements, as permitted by FRS 102 'The Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland,: - the requirements of Section 7 Statement of Cash Flows. The financlal statements are presented In sterllng whlch Is the functlonal currency of the charlty. Funds Unrestricted funds are available for use at the dlscretlon of the trustee5 In furtherance of the general objectlves of the charity and which have not been designated for other purposes. Restrlcted funds are funds which are to be used In accordance with specific restrictions Imposed by donors or which have been ralsed by the charlty for partlcular purposes. The cost of raising and administerSng such funds are charged against the specific fund. The alm and use of each restricted fund is set out In the notes to the financial statements. Income All incoming resources are Included In the Statement of Financial Actlvltles (SOFA) when the charlty Is legally entitled to the Income after any performance condltions have been met, the amount can be measured reliably and it Is probable that the Income wlll be received. Grants and donatlons are only included when the general Income recognition criteria are met. In the case of performance related grants. income is only recognised to the extent that the charlty has provided the specified goods or ser4ices. Le8acie5 are Included in the SOFA when recelpt Is probable, that is, when there has been grant of probate, the executors have established that there are sufficlent assets In the estate and any conditions attached to the legacy are elther within the control of the charlty or have been met. Gift Aid receivable is included in Income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to NEST AyleSbUryVa Report and Accounts 202>2024 P8Be 10
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated goods are measured at fairvalue (the amount for which the asset could be exchanged) unless Impractlcal to do so. The value of anyvoluntary help received is not included In the accounts but is described In the trustees, annual report. Income from interest Is included In the accounts when recelpt Is probable and the amount receivable can be measured reliably. Expendlture All expenditure Is accounted for on an accruals basls and has been classifled under headings that aggre8ate all costs related to the category. Expenditure is recognlsed where there is a legal or constructive obllgatlon to make payments to third parties, It is probable that the settlement will be required and the amount of the obllgatlon can be measured rellably. Support Costs Support costs are those that assist the work of the charity but do not directly represent charltsble actlvitles and Include office costs, governance costs, administrative payroll costs. They are Incurred directly In support of expendlture on the objects of the charity. Where support cost5 cannot be dlrectly attrlbuted to partlcular headings, they have been allocated to cost of ralsing funds and expenditure on charitable attivltles on a basis consistent wlth use of the resources. Tanglble flxed assets Tanglble flxed assets are stated at cost less accumulated depreciation. Cost Includes costs dlrectly attributable to makln8 the asset capable of operating as intended. Assets are capitalised if they are to be used for more than one year and cost at least £400. The depreciation rates and methods used are dlsclosed In tangible fixed asset note. Debtors and credltors Debtors and credltors with no ststed interest rate and receivable or payable withln one year are recorded at transaction prlce. Golng concern The financial statements have been prepared on a golng concern basis as the trustees belleve that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these flnanclal statements. The budgeted Income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. NEST Aylesbury Vale Report and Accounts 2023-2024 Page 11
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Unrestrlcted Restricted Funds Funds Total 2024 2023 Note 2. Analysis of Income Donatlons and legacles Donations and gifts Gift Aid 42,334 42,334 52,260 Other tradlng artlvltles Miscellaneous fundraising activities 883 883 Income from Investments Interest 562 562 193 562 562 193 TOTAL INCOME Note 3. Donated goods, facllltles and servlces The charltable actlvltles are carrled out by unpald volunteers, In the current year a total of 20 volunteers were involved in supportlng families. In total, they contrlbuted around 80 hours per week. Goods to the approximate value of £238 were received from donors and were in turn donated by us to needy families. NEST Aylesbury Vale Report and A¢eounts 2023-2024 Page 12
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Unrestrlcted Funds Restricted Funds Total 2024 2023 Note 4. Expenditure Expendlture on ralslng funds Incurred seeklng grants Staglng fundraising events 1,292 1,292 1,227 111 111 46 1,403 1,403 1,695 Expendlture on charltable actlvltles Home vSsltin8 TOTAL EXPENDITURE Support Costs Ralsln8 funds Charltable Actlvlty Total 2024 2023 Salaries and national insurance 1,403 41,666 43,069 37,692 Rent 4,529 4,529 4,308 Travel and motor 3,745 3,745 3,116 Post, statlonery and advertlslng Telephone and fax Tralnlng 457 457 394 778 778 563 41 41 660 Insurance 527 527 822 DBS checks 56 56 12 General expenses Depreciation 887 887 1,012 280 280 610 Governance 680 680 325 NEST Aylesbury Vale Report and Accounts 2023-2024 Pa8e 13
NEST AYLESBURY VALE LIMITED NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Note 5. Details of certain types of expenditure Fees for examlnatlon of the accounts Independent examiner's fees 2024 2023 68 325 Note 6. Staff costs Salaries and wages Social securlty costs 43,069 37,692 The average number of employees during the year was 212023- 21. No employees recelved employee beneflts (excludlng employer pension costs) for the reporting perlod of more than £60,000. Note 7. Tanglble Flxed Assets Flxtures & Flttlngs Computer Equlpment Total Cost At the beginning of the year Additions Revaluatlons Dlsposals At the end of the year 747 1,830 2,577 747 1,830 2,577 Depreclatlon Basls Stralght Ilne Stralght Ilne Rate io% 33,13% At the beglnnlng of the year Disposals Depreciation Impalrment 747 1,270 2,017 280 At the end of the year 747 1,550 2,297 Net book value At the beginning of the year 560 560 At the end of the year 280 280 NEST Aylesbury Vale Report and Accounts 2023-2024 Pa8e 14
NEST AYLESBURY VALE LIMITED NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Note 8. Debtors and prepayments 2024 2023 Prepayments and accrued income 124 292 Other debtors Note 9. Cash at bank and in hand 2024 2023 Cash at bank and on hand- Current account 10,000 10,000 Deposit account 40 Note 10. Credltors and accruals 2024 2023 Accruals and deferred Income Note 11. Operating lease commitments The charlty had future minlmum lease payments £4,400 due wlthln one year (2023 - £2,548). Note 12. Fair value of assets and liabilities The trustees take the view that charity has no exposure to credit rlsk as the amount owing by debtors is entirely in respect of Glft Ald on donations due from HMRC and therefore deemed to be secure. The other current assets are held as cash with Natwest bank and likewlse deemed secure. NEST Aylesburyvale Report and A¢¢ounts 2023-2024 Page 15
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Note 14. Comparative Statement of Financial Artivities Unrestricted Restrlcted Total Funds Funds Funds 2023 INCOME Income & endowments from: Donations and legacie5 Other tradlng activities Investments 56,760 1,614 193 56,760 1,614 193 TOTAL 58,567 58,567 EXPENDITURE Expendlture on: Raising funds Charitable actlvltles 1,695 47,819 1,695 47,819 TOTAL 49,514 49.514 Net Income/(expendlture) 9,053 9,053 Transfer between fund5 Net movement In funds Reconclllatlon of funds: Total funds brought forward 51,827 51,827 Total funds carrled forward NEST Aylesburyvale Report and Attounts 2023-2024 PaBe 17
NEST AYLESBURY VALE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Note 15. Transartions with trustees and related parties Trustee remuneratlon and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity in the reporting period (2023: £nil) Trustees, expenses No trustee expenses have been incurred in the reporting perlod12023: £nil} Transactlons wlth related partles There have been no related party transaction5 In the reportlng period (2023: £nil) NEST Aylesburyvale Report and A¢¢ounts 2023-2024 Page 18