FINANCIAL STATEMENTS FOR TEIE YEAR ENDED 31 MARCH 2025 FOR THE BEWOoD PARTNERSHIP (A PRIVATE COMPANY LIMITED B Y GUARANTEE WITH NO SFL4RE CAprrAL) CHARITY NO: 1127367 COMPANY NO: 04882639 Independent Examiner: Neil Harris Cygnet Accounting Limited 37 Ro8$ell Drive St2pleford NG9 7EG
THE BESTWOOD PARTNERSHIP Com umber 04882639 CONTKI%TS OF THE FINANCIAL STATEMENTS Page Lxgal and Administrative Details Directors. Annual Report Rep)rt of the Independent Examiner Statement of FinAnci&l Activities Balance Sheet Note4 tn the FinAncial qtatements
THE BESTWOOD PARTNERSHIP Com iyumber IM882639 LEGAL AND ADMINISTRATIVE DETAILS Current Trustees: Christopher Hooper (Chair) Brian Grocock (Secretary) Kim Preston Pavier (TrsUrer) Roy Willin Siiiitli Jennifer Verh8e8he Tcrc5a Kclly Gcorsia Emily Power David Mulligan Dawn Britt Lisa W4kefield-Davis Chief Exeeutive Officer: Donna Dennins (Be$00d Partnership Man4g¢r) Company Seeretsry: Brian Growrk Charity No: 1127367 Compxny No: 04882639 Registered orrice: The Community Centrc Gainsford Crescent Nottin8hain NG5 SHT Address of Chxrity: The Community Cenlrc (iainsford Crescent Nottin8ham NG5 5HT Bank¢rJi TSB Bank Pl¢ Sherwood Branch Notiin8ham Indeptndenr Examiner: Neil Harris Cygnet Accountin8 Ltd 37 Rossell Drive svIrut NG9 7EG Pa8¢ 1
THTr: IJTr: TW Number 04882639 DIRECTORS, ANNLAL REPORT The directors - who #re the charity trustees for the puse of the Charities ACL (and are colletiively referred to as The BcsÉwood Partnership Forum), submit their annual report and financial $tatrm¢nts for the year ended 31 March 2025. The trtteeS hxve xdopted the pmviqirbnq nf the $tEment of Recommend Practice (SORP) "Ac¢ountin8 8nd R¢portin8 by Charitir, (FRS 102) in pr¢p¥ring th¢ annual report and fin4n¢i81 st4t¢ments. sTRuuRF.. COVERNANCE AND MANACEMETr 'lThe Charity is registered under ihe Charities Act and incorpornted under the Companies A¢t 2006 and 15 govern by its Memorandum and Articles of Association. daied I sepmber 2003. The Board of Directors has the Wer tn apprbint Additional directors and ini8teeg A$ li considers fit to do so. OBJECTIVES The objectiv¢ of Ihe organisaiion is the promotion of urban regcneration in areas of social and economic deprivation { and in parti¢ular. Thc B¢siwood Eytalc in Nottin8ham ) by all or any of thc followin8 means:. l) The lief0f wverty 2) The relief ofunemployment J) Th¢ advanccmcnt ofcducaiion, training or retralnlngj panlcu18rly amonR unernployed people 4) The provision of recreational facilities for the public at lar8e or those who by reason of their youth, ag¢. infinnity or disablemen( p)verty or social and CnOmiC circumstances, have need of such facilities 5) The promotion of public safety and preventinn nf crime 6) Such other means as may from lime io time bc detennined subject to the prior written consent of the Charity Cornmission¢rs for England and Wale5 For furth•r illformation about our aetiviti¥ pl¢os¢ v&sit our Ivebsite al www.b¢stwood.org.uk THE BESTWOOD PARTNERSHIP AS AN ORGANISATION Th¢ D¢shYood P*rtllernhiy CvllfYr¥nLY at Icl ycar. beNcen oCber and March. Thls Is the Annual General Meeting for legal purpos¢s. and is whcn eleciions tak¢ plac¢ and 51atuiory rcp)rts submitted. This 15 also a key Partnership meeting for organisations ass¢xi&ed with the Bestwood Partnership. Mtsjor dlSIonS about the dirtion of Ihc Partncr3hip may Ix made. All rcsidcnts of Bestwood Estate over l ¥ automatically have a right lo membership and stsnd for election and take part in elections to Bestwood Partnership Fornm, which is the everyday de¢ision-making Ix)dy of th¢ Partnership. normally meets bi-monthly. The members are the Diwtors of the Company and nominttt¢d a5 thc TIusi¢rs vf dir CliuriLy. Numbcr5 made up through ¢o-OPtlon. The Chair, Treasurer and Company Secretary and other honorary officers are el¢¢i¢d by ihc Forum out of its numkr. Sub-committees And Partners, meetings are convened as r¢quittd by Besiwood Partnership Fotum. these vary, In number. worker and resident membership And representatirbn from the c.ity Coiineil and other agencies. The Forum may also, from tirne to time. on an ad hoc basis, sct up additional Tvorkiug groups. These do noi have decision-making powers (unless expressly delegad by thc Forum) but exist io oversee the various projccts and activitie5 8SY)ciated with thc Partnership. The Forum is also represented on many other 8roup$ and organisations City-wide and in the lo¢ol orea. Pa8¢ 2
'I'HL IJEb'l'WUVD YAK"IIYLK ' HIP DIRE OR'S ANNUAL REPORT CONTIliUED Workers of the P&rtDership arc primarily (and currently exclusively) those directly employed. and projecl volunieers. bui also have been at times workers employed by other organisations who by a8reemcnt work with the Partnership.. The Icad otTiccr is currcntly the Partnership Co-ordinaior, who QUentlY line manages the team. and to whom authonty is dele8ated at the discretion ot the Forum. There are a Dumber of ways for people in the to tske part in the work of the PrlDership: Firstl 4s a resident. being a member of the P2rtDrship as A whole. Thi8 8ives you ri8hts to elect Forum members and participate in major decisions at Conference5. Secondly. as a Director. by standing for election to bccom¢ a Forum Member at a Conference (also a Charity Trugtee} Thi3 mak¢s you a k¢y drAi3ion-mak¢r o¥cr our activity on a day-to4ay basis. An 8li¢malive is to be a member co-opted by the Forum as a whole bxaus¢ of particular expertise {esp¢cially fmm the public or private sector) or as an addtlional resident memb¢r. The last tegory exists in order to balance under-representation in membership of the Forum. This m4y be 8eogrAphicg1, or by gend¢r. elhnlc background or oiher consideraiion in line wilh our Equal Opponuniries policy. Thirdl . as a Working Group member. The SUgroupS and working groups of the Forum lg they arise arc opcn to and wclcomc addilional m¢mbcr3, dcw¢lopins and 8uiding the proj¢¢ts which wc run to thc benefit of people on the Estate and surrounding area., suitable for people with specific are of interest. Fourthl as a Volunteer, contributin8 your time to particular project activity. Thig is hknds-on. arKI pracilcal. and Is ceniral 10 the effeciive running ofihe prnjeC. New volunteers are always needed. as an Employee. From time to time job opw)rtunities arise within the organisation. Residents of the area are particularly welcome applicants, and rnany have to dai¢ been successful in obt)inin8 paid work within our pmjects or other projects ASSDCiAted with ui. The mAjority of the PArthership'i employees hav¢ always been local r¢sidenls. which is in line with the ethos of the organisation. ACHIEVEMENTS AND PERFORMANCE: SUMMA ofk ecl activilv 2024-25. The year 2024-25 has been successful. following ¢onsider8ble ¢hangcs in project activity And resFx)nsibilities in the past few years. Our seryice lo lo1 ¢iti7Kns continucs without compromi. We continue to have reswjnsibilily ls Area nne l£ad orgAnisaiion for the Cily And ihe employAbility gupport projects coiitiiiucs to 118ve a I)J0[ Liiiyaci to di¢ bciLrfiL uf Iwal wjylr. W¥ uliv JrvrlVFd ywjeit Activity in the St Anns area (6) of the City in Lssociation with The Renewal Trust. l. A-B•d Craot- Area Ono L•*d. Thi5 aciivily, funded by Nollingham City Council, ¢ame to an end in 2024. 2. ExternAI Outreaeh: Area-Ba5ed Grant- Delivery in Area Two Bayford ward. Thi5 aGtivity, fuiid¢d by No¢tiiigliaiii City Couiicil thiou81i La5tl¢ Cavctidi511 a5 Ar¢a L¢ad Ot8ani5ation, is the BeSoOd Partnership's delivery of employ#bility support in ihe B4sford and Si Anns wards. 3. Ste into Work-Em ort- Nottin ham Works 4 Yo This project. funded by Nollingham Ciiy Council (Noiiin2ham Works) with remaining E5F funding. consists of a ¢aseload of residents who education andlor employment. together with: Patbwa s lo Health and Social re-Em lovabili su ect. This r¢pla¢¢d th¢ G¢lahcad proj¢¢t, again partly funded through th¢ r¢sidual Europ¢m Social Fund. Page 3
TH TWOOD PARTNF.RSHIP Com ADV Number 04882639 DIRTr:CTOR'S thNUAL REP RTC NTIYI UED Thi5 projeci began in 2023 with central govcrnmcnt funding through Nottingham City Council, followinR the ¢nd ot"European fundin8. for employAbility supp)rt in the community. Youth ects. This combin¢5 two currcni projects. Us Girls. funded by Places for People. and Sport England. 6. Local Em werment- Core tnfmtructure fundin This is our Central. default fund io underpin our runnin8 costs, and il also covers additional community and group development wnrk in Restwood and SLtrrounding areA snd is subsidised tlwoush our incomc from th¢ Ial Businc55 Unils r¢ccived as an ongoing grant from Nottingham city Council. We have continud to support One Vision Partnership management committee. Wc continuc lo deliv¢r l.T. and associAt¢d training ai SouthBlade Access Centrc. into which the Partnership invested commitht 3nd fundin8 from the outs¢t as an Adult Education C¢nty¢. Out prifflary (klivcry p)ini is Bestwood Community Lentre. 7. Bestsvood Estate Communi This fu¥itl includ¢s Ihc running COS and income to thc Community Centre. which is our hut still continuing to opernte as the main venue for Bestwood Estate. Nurxry provision and group activilics take place in the Centr¢. Ind so we conlinue a lon8 history of provision in the local area. 8. Iluhv Iwell nt Fllnd. Thi5 fund will provide for activity in the Bulwell and Bulwell Forcsi wards through Vision Business Units ineom¢ (granled by Nottingham City Council) which now operntes as a distinci fund involving local pwpl¢ in the choice of aciivitics to bc id¢ntifi¢d for supporL in &SSOCiAlinn with nne Vision Parthership. 9. Holid* Activi Fund This is a Nottingham c.ity C.ouncil.fiinded project for youn8 people 5-16, now runnins into 2025-26. Our staff team for the whole financial year 2024-25 consisted of Donna Denning (Bestwood Parthership Man4g¢r), Mich¢ll¢ Cooke (Community Ensasrniciii & EiiiylvyiIirnL Advi50r). Nicola O'connor (Employment Advisor). Charlie Wayman (Fmployment Advisor). Kelly Murphy (Employmenl Advisor), Shaun Frdncis (Outrea¢h Employmeni Advisor). Liz Pollcrton (Office Clean¢r) has now r¢tired. IliDEPENDENT EXAMINERS We will be asking Cygnet Accounting to examine our accounts next year. SUbjt to approval at the next Bestwood Parthership Conferen¢e. Page 4
I'HL BE TW PARTNERSHIP Com Number 04882639 DIRECTOR'S ANNUAL RF.PORT cowfINUED RESF.RVES POLICY It is the Policy of the Bestwood Partnership to hold in reserve fimds to Sustsin the Partnership and its activity in the eveni of a temporary or pennanent 105s of extemal funding or sufficient income to perpeluate some or all of its projects. A dttsignated resetve figure will be sustained wh•re possible. rndic8tive (ksi8nations for the res¢rv¢ fund ar¢ as follows= Payment of statutory redundancy and other obligaiory ernployment costs. Discretionary redundancy and compcnsalion payrnents. It is no*d that compens2tifhn in the event of redundAncy over and abov¢ statutory paymcnts is discrctionary and th¢[¢ 13 oo ¢OnÉ[(Ual righ( to any addiiional paymenrs over and above the Statutory scheme. Payment of costs for a thr¢c-month period. and additional paymenL8 under contra¢t. Stsff costs for three month£, prinr to which redundgncy notices MAY need to be issued. Ru¢rvu fuDd alloca¢ion5". Payment of statutory redundgncy & obligatory employThent costs. 20,1rf)0 Payment of dIre1]0n&ry redundancy and cOmnSatIOn yMents. 40,000 Minimum runnin8 c4)sts (non-stA(fin8) for a thrcc-month FKriod 20,000 Stsff costs for 8 period ot three months. as redeployrnenl period 40,000 Payment of additional contraciual yMertts 10,000 Degignated (miDimum) reserve 130,000 Use of reserv abvve ¢hi3 level will be rerd¢d as fr¢¢ r¢scrvcs to be used al the Forum's diqcretion. with priority to the following.. Stafting And running costs for core management and activiiy for on¢ year. Additional StaIng and activity as the fund may allow. primarily for forward planning in individual projects and delivery of key lletivity identified by the Forum. TotAI (op¢im&l) res¢rve 240,0110 If reserves exceed ihe optimal reserve funds need to be put lo immediale use for capithl. ststTin8 or tivity PUtP05eS, to the currenl or following budgd ycars. a5 dclcnnined by the Fnrnm. The Reserves Policy And its allocations ore subj¢¢t to annual r¢Yicw. PUBLIC BENEFIT STATEMEY4T The Tru5tces confinn that they cnmplied with their duty to have due r¢8ard to the guidance on publi bcncfit publi3h¢d by th¢ CoinmibSiVn in cxerci5ing thelr powers or duties. FINANCIAL OVERVtF.W The dirtetors sr¢ pl&2sed with the financial 31tuaiion for 2024-25. 111¢ vppurtunitirs (aken in the lasi No years io reorganize and consolidate with a view lo immediate finxncial security and improve the prospects for longer tern) sustainability continue to pay off, and work to optimis¢ our funding sir8iegy has ensured an extraordinarily successful outcome, despite funding Cuts from some quartcrs. During the year Employability activity iiiirrasrd. a5 have new Play and Youth activities. Yayments in respect of ihe business units (Glade and Firth Way) ¢onlinue to provide a valuable sourte of income. As a cons¢quen w¢ rcmain in a strong position to carry on effedively for the foreseeable future. Chrts Hooper Chair Date: Page 5
tY4DEPEIYDEIYT EXAMII¥ER'S REPORT TO"1 HL I"KUS'1'ELS UTr" THE BE TW an Num r04 82639 l Tep)rt on ih¢ accounts of thc clwity for the year ended 31 M¥rch 2025 as set out on pages 7 to 13. Respedive responsibilities of tnuteej and examiner The tru5es (who are also the dircctors of the company for the PUSeS of company law) are responsible for the preparation of ihe accounts. The Iwses consider thai gn audit is not required for this year under section 144{2) of the Chirities Act (the Aet), that an independent ¢xaminAtion is needed. Having satisfied myself that the charity 15 not subject to an audit under Company law and 1$ eli8iblc for independ¢ni examination, it is my responsibility to: cxamine the actounts under sethion 145 of the ACL follow the procedures laid down in the 8eneral Directions given by the Charity Commission (under x¢tion 145(5)(b) of lh¢ Act- and stste whethcr particular malters have come to my #tt¢ntion. Basis of illdepcDd¢nt examitt¢r'$ statement My examination was carried out in aordance with 8cncral Directions 8iv¢n by the Charity Commission. An examination includes a r¢viw of the accounting records kept by the charity and 8 comparison of the a¢¢ounts prcsented with those records. It also includes consideration of any unusual ilems or disclosures in the Accounts, and seeking explanations from you as ttustees conc¢rnin8 any such mattrrs. PredUreS underthken do not provide all the evidence that would be requir¢d in an audiL and consequently no opinion is 8iven as to whether the accounts pr¢scnt a 'ttrue and fair view. and the report is limiled lo those mallers set out in the stalement below. Independent examiner'i s¢lement In the cJ)urse of my examin>tion. no matt¢r h#s Como to my attention." thich gives me reasonable cause to beli¢vc tha( in any material respecL the requirements: keep accounting records in accordance with section 386 of the Companies Aet 2006: And to prepare Qccounts which a¢wrd with th¢ a¢tountiiTrs t¥¥uids, Lvttiply with the aOun1[ng requirements of section 396 of the Companies Aci 2006 and with the methods and principles of the Statement of Recomm¢nded Pr2cti¢¢: Accounting and Reporting by Charities havc noi b¢en met; or to which, in my opinion. Attention should drawn in ord¢r to enabl¢ a proper und¢rstandin8 of the accounts to k reached. Neil Harris FC c.ygnet Accounting Limited, 37 Rossell DTiV¢. Stpleford. NG9 7EQ Dat¢: 151,.kLs Pa8e 6
THF. BESTWOOD PARTNERSHIP Com anv Number 04882639 sTATEmEr OF FINANCIAL A1VITIEs F R THE YEAR ENDED 31 MARCH 2025 INCORPORATING AN INCOMI E & EXPENDITURE AC Duignated Fun(L$ 2025 Total 2025 Tot1 2024 ncoml Resourtts Incomin8 resour¢# from g¢Atrted fund8: Aciivities for 8eneratin8 fimds Room hir¢ and rent Investment income Bank ini¢rc51 6227 6227 10860 Written bA¢k activili 0594 430594 45 T•tl ineomi4g MOUTC Dd•d Charitable etlvltles GvvrrNallc¢ coj 435182 435182 5(X1935 925 Tot1 rejoureu ¢xpeDded N¢1 i4com1u{0uÉsO141) rere¢S before other rtcognhed pInO0$Se9) 714 71d (35009) Other reeognised %lu3111osw): Realised gainsl(lrtws) ex ditur rthe li 714 714 (35CI19) Untruliscd gain5 on InvesTmeni assets Net movemeat In FuDd$ 714 714 (3%Y)9) Rt¢onelliation of Fuods: To[ broughl lorward Totsi Funds ¢aTried forward S1783 Page 7
THE BESTW OD PARTNERSHIP Com nv Num er 4882639 BAL SHF.F.T A AT 31 [ARCH 2025 Note 2024 Fixed Assets Tangibl¢ assets Currnnt Asscts Debtors Cash and bank 158887 413309 474014 574014 572196 Creditors: amounts due within one year Net Current aets Net Asse 21517 2041 552497 1783 llleome Funds Designated funds 73 552497 551783 Restricted funds otal Funds The company is entitled io cxemption from audit under section 477 of the Companieq Act 2006 for the vear ended 31 March 2025. The members have not rcquired Ihe company to obtain an audit of its accounts for the year ended 31 March 2025 in acwrdan¢e with section 476 of the CtsrnpHnies Aet 2006. The director5 acknowledge their rcswnsibilities for: a) ensuring that the company kccps accounting records which comply with Sections 386 and 387 of the Companies Act 9.006 And b) prcp&rin8 fiiianLial srnents which give a true and fair view of the stste of affairs of Ihe company &$ at ihe end of each financial year and of its surplu5 or deficit for each financial year in aeeordance with the requirements of S¢ciions 394 and 395 and which otherwise comply with the requirernents of the Companies Act 2006 rcla¢ins to finl(la1 51atcfftEn so far as appli¢able to the company. The financial stat¢rnents have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relaiing io small ¢ompanics. These financfftal statements wcrc approv¢d by th¢ B¢)ard of Directors on aryd signed on ils behalf by.. Id,47g. Direcior q411.W.... - Director c5 ka>PU- gAJi£ Pa8e 8
THE BESTWOOD PARTNERSHIP Com Numb¢r 4882639 NOTES TO THE ACCOUNTS AlUntIl]S PuliriE5 Basis of Preparation The finAnciAI stAtemenLq hAve heen prepAred under the hiftnric21 cn4t ennventinn And in aD[dANce with Ihr ptVYiJiVll5 vf .11 IA "Small En(i(ics- uf Financial RcpDriin8 Sthndard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir¢l8nd-. the Charili¢s A¢L th¢ Companies Acl 2006 and the Sthicmcnt of Recommended Practice: -AOuntin8 ond Reportin8 by Charities" (FRS 102). Th¢ ¢harity has availed itself of Pwa8raph 4 (1) of Schedule l of the Small Companies and Groups (Accounts and DIrlorS, Report) R¢gulaiions 2008 and adapted the Companies Act fomuts to rcflccl the special nature of the charity's activities. a) All service level agreements and other ineome are Accounted for gross when reccivablc. as long as ih¢y ar¢ wable of financial measuremenL This includ¢s gifts in kind, included at estimated VAluatÉon. b) All cxpcndiiurc is accounted for gross, and when incurrcd. c) Resources expended in¢lud¢s th¢ dirff¢ costs of ihc aclivilics and depreciation on related assets. Fixed asseL8 are includ¢d ai cost or valuation: there are no material uncapitalis¢d fixed ass¢ts. d) Depreciaiion is provided lo wrile off the cosl or valuation. less estimated residual values. of 11 red assets. over their expected useful lives. It is calculated at th¢ following rai¢s: Fixtures & Fittings 33 Yo on cost e) Desi8n&t¢d fund5 arc amounts which have kcn xt asidc at thc discrction of thc trust¢¢3 for specific, but not legally binding. purrmjk. Rents15 applirnblc to operating Icases where subsLqntially all of the benefits and ri$ks of ownership m91n with the lessor char8ed a8ainst resources expended as incurred. g) The company provides a deflned benefli pension scheme for its employees by way of partieipatin8 in the Local Govemmeni Pension Scheme ( previously. Nottin8hamshir¢ County Council ). Howcvcr. as this is a multi-employer scheme. the company is unable to identify its sharc of thc und¢rlyin8 asxts and liabilitics in th¢ xh¢m¢ on a ¢oniistcnt and rcasonable basis. The company therefore accounted for the scheme &8 if it were A defined Contribution scheme. Incomlng Resources from charitable aaiviiie5 2025 2024 Nottingham City Council The Renewal Tru (Nnttingham c.ity C.nuncil fiinding) Castle Cavendish (Nottin8ham City Council funding) SporE England Place for People Easy Fundraisins 390224 8143 3995 14995 13160 417789 26952 11250 Total .Service I1 AgroÉmeftts. grnnts & don*tionJ PAge g
THE BESTWOOLI YAKTN RSHIP Com ani. li'um er 4882639 OTES TO TIIE A COUIITS COliTtNliED Angtysis of Totsl Resour¢eJ Expended 2025 2025 2024 2024 Charitable Activities StafY¢osts ( note 10) Establishment expenses Management & administration Grants to groups l activities 250905 20263 22354 240494 50377 16777 193287 435182 51)0935 Governance ubsts Independent examiner's fee 925 Tolal Re¥ourtts Expended Tangibl¢ Fiitd Asjets Fixturtj & Fittings COST or valuation: As at l April 2024 Additions 47857 As at 31 March 2025 Accumula*d depr¢¢iation: AJ at l April 2024 Charge for year As at 31 March 2025 47857 Net Ixx)k value at 31 March 2025 Net knok v&lue Al 31 Mar¢h 2024 Unwiitalis¢d Fixed Asxts have b¢¢n writt¢n off to th¢ Incomc and Expendlwre Accouni in pr¢vious years, and are made up of office fixtures and finin8s with a negli8ible current nei bcrfjk valu¢. Pa8e 10
TW TNF.RSHIP Com anv l%umber 4882639 NOTES T THE ACCOUNTS CONTINUED Debto 2025 2024 Due within onc y". Other Dcbtors Prcpaym¢nts and accru incom 100000 Creditors: Amounts Tr"alling Due Witbin ODe Yer 2025 2024 Deferred income Accru8ls 21 20413 Ouiliu¢ Su[ary ofFund Movements Opening Balance Incoming Resourtes Outgoing r¢sources Gainsl (lo¢5) Closittg Balaace Designat¢d Funds 551783 436821 £5524 All funds Are Designted Funds, and Are ¢Ied as single funds. They are follows: l. Area One Lead (now ended) 2 Arca-Bas¢d Grant (Basfonl Si Wrds) 3 F.mplo%abilitv Support 4 UKSPF S Pigy *nd Youth O Local EmpoTherment itbe Ilestwood Parthership'$ e¢ntral orgaDi¥ational fund) 7 Bestwood Estate Community Centre 8 Bulwell and Buhvell Forest fund 9 lloliday Ac¢ivity Fuu A $umJnary of the projects ¢0 whteh these funds r¢l¥te are outlined in the DIrlOr$, Report. Pagell
THF. BESTWOOD PARTNERSHIY Com ber4 2639 NOTES TO THE ACCOUNTS C NTIYI UED Analysis of Net Assets between funds Fund balances it I l M8rch 2025 #re prcscnted by: De51 funds Tota 2025 Tangibl¢ Fixed Assets Current Assets Curreni Liabilities 574014 2151 574014 21 Trnn$fers None. 10. Staff ¢0sts 2025 2024 Salaries & staff payments (excl. reimbursements) s(la1 security costs (Nl employer contribulions) Penston wsrs (LGPS employcr contriburions) Inote 13) 212415 21219 J 5497 198797 19496 Reimbursements for travel I payments not under PA YE 1774 863. Av¢rn8e number ofemployes: Full-tirne No employee reIved a salary of over £60.(KKI. Page 12
THE BESTWOOD PARTNERSHIP Com Number 48639 NOTES TO THE ACCOUNTS CONTINUED Net in¢omel(expendi¢ure) Nd inwmeJ(expcnditurc) is statcd aftcr char8in8". 2025 2024 Independent examiner's remuneration D¢pr¢¢iation- owned assets Dircctors'ttnlces, emoluments, expenses & other benefits el 925 925 12. Ultimate CoDtrolling Party Th¢ company is controllcd by the Board of Direclors. 13. Pettsions Th¢ ¢ompany proYid¢s a d¢fin¢d kncfii nsIOn h¢m¢ for its crnployccs by way of participatins in the Loc81 Government Pension Scheme (Nottinghamshire Pension Fund). However. as this is a multi<mployer scheme, the company is unable to id¢nlify its share of the underlying a&%eis and liabilities in the scheme on * consistent and reasonable basis. The ¢omp8ny has therefore accounied for the scheme as if il were a defined contribulion scheme. with the costs of the schemes char8¢d to the staternent of financial activitie Pa8e 13
THE BESTWOOD PARTNER Com ani Number 4882639 DESIGNATED FUND I AREA LEAD BESTWOOD Clags l Area One Lead BULWF,I.I, FnRE.S nded in 2024 INCOME AND EXPENDITURE ACCOUNT F R THE PERIOD ENDED 31 MARCH 2 2025 2024 INCOME Service Lev¢1 Agreements ctc (hhtr Income 138080 Total Ineome Charitable Aetivities.. Training Premises costs Travelling ExnseS Activities Telephone & POStsg&s Office ¢0sts Insurance Professional fec5 Equipment. mAlerials & ftnew•ls Cl¢aning & sundry expenses Hospitality Grants lo groups Staff Costs Deprcciation 999 343 105654 106996 Governance Costs: Indcpendenl examiner's fees t21 F.x enditure ]Ye¢ (outgoingyincoming resources This and the following qcheAiJleg do not forni part of the Financial Ststements. Page 14
THE BESTWOOD PARTryLKSHI Com ani Number 4882639 DESI NATED FUND 2 AREA-BASED GRAfiT BASF CIxJ5 2 Exiernal Outrea¢h NCOME AND EXPEYDITURE A FOR HE PERIOD EN ED 31 MARCH 2025 2015 2024 co Service Level A8r¢emtnts etc Wrillen back Other income 3995 30059 Total Incom¢ haritabk Activities: Trainin8 Premi5¢s costs Ttavelling Expenses Aciivities Telephone & pOageS oirice costs InwrAnce Professional fces Equipment. materials & ren¢wals Cleaning & Sundry expenses Hospitality Granls to groups Staff Costs DePl#tIOn 2769 20648 2769 20648 Govern*n¢e Costs: Independent examiner's fees Total Ex enditure Net (outgoing)lin¢omiDg resources Pagc IS
THE BESTWOOD P L'K5HIP Number4 2639 DE IGNAT DFUND3 la 3 Not¢iu MPLOYMENT AND EDUCATI Work3 Incl. PaThwa INCOME AND F.XPENDITL RE ACC UNT FOR THE PEIUOD ENDED 31 M 025 2024 COME Servi¢¢ Levcl Agreements etc Written back Oth¢r Income 14464 124075 Total Incom Chai'itablr Activiti Premisc5 costs Travellin8 Expens¢s Trnining Telephone & p)stag¢s Office costs 11(6 548 69 Pmfessional fees Equipmeni. materials & rencwals Cleaning & sundry ¢xpenscs Hospitslity Grts to groups Stsff Costs Bad debts 179 2760 144127 148162 Cyovernan¢e Costs: Independenl examincr's feel Total Ex nditure Nei (outgoingyincoming resources Page 16
IHL IIE5TWUOD Number4882639 DF.SIGNATED FUND 4 Class 4 KSP INCOME AND EXPENDITURE ACCOUNT OR THE PE D ENDED 31 MARCH 2025 2025 2024 INCOME Service L¢vcl Agreements etc Written back Other Income 233115 14670 Tot81 Income Charitabl¢ ActÈvi¢i- Premises costs Travelling Expenses Training Telephone & POStsgc5 Ol¢e costs tnsurancc Professional fees EquipmenL materials & renewals Cleaning & sundry expenses H05Pitality Grants to w)ups Stsff Costs Bad debts 1408 1309 10 262 45 IiW20 735 2287 184963 47844 203632 48195 GovernAnce Costs.. Ind¢ndent cxaminci'5 fee$ Totsl Ex enditure Yet (ourgoing)IiDcomin£ resources Page 17
THE BESTWOOD PARTNERSHIP om ani. mber 4882639 DESIGNATED FUND LAY YOUTH PROJEcrs Class S 2023 was Communi lun Vacclne COME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED I MARCH 202 2025 2024 IIYCOME Service Level A8re¢ments etc Written back Other Incame 27405 1995 Total lllcome Cb2ritAbl A¢tlviti¢s: P11}15 rosls Travellin8 Expenses Training T¢lephone & po3ta8 Ol¢C costs Insurance Professional fees EguipIiirnL maicrials & renewals Cle3ning & sundry exFnses Activities Grants to groups Stsff Costs BAd debts 20852 1995 20852 1995 GovernAttee Co8ts: Indcpendenl examiner's fc¢s Total Ex enditur¢ Ne¢ (out8oiDgyiDcoming resources Page 18
THE BESTWOOD PARTNERSHtp Com Number 488263 DESIGNATED FUND 6 Cla commuNy AND DEVELOPMEN 6 Lo1 Em wernient INCOME AI¥D EXPENDITURE Accouiyf FOR THE PEIUOD ENDED 31 MARCH 2025 2025 2024 COME Service Imel Agreements etc Written bk Other income $9425 42482 24 Total Income Charitablo Activities: Training Premises ¢J)sts Travelling Expenses Aciivities T¢l¢phonc & posla8C5 Offi£¢ costs Insurance Professional fee5 Equipment,"matcrials & rencwals Cleaning & sundry expenses Hospitality Grants to groups Staff Costs t)epre¢iation 34 5136 41 1949 1451 14870 45 4229 101 I 133 1550 3165 23469 17AS 245 895 27875 1592 2394 2881 156 366 1323 59894 77217 79272 CovernAn¢¢ cts. Independent examiner's fees Tolal E udilury 14 Net (outgoing)lin¢oming resourtts Page 19
THE BESTWOOD PARTNERSHIP Com Number 4882639 DESIGNATED FUND 7 BESTWOOD ESTATE COMMUNITY CENTRE CIAs$ 7 Communi Centre INCOME AND EXPE]YDITURE ACCOUNT FOR TH£ PERIOD ENDED 31 MARCH 2025 2025 2024 COME Service t£vel Agreemenls etc Wrinen back Other income 750 399 Totgl Income Charilable Aetivities: Trnining Premises costs Trnvelling Expenses A¢iiviiics Telephone & p)slages Office costs Iiisuiaiicc Professional fees Equipmeni, maierials & renewals Cleaning & sundry expenses Hospttality Grants to groups Staff Costs Depreeiation 9577 10265 70 270 588 3149 3279 13S14 13684 overn*nce Costs: Independeni examiner's fe¢$ Tolal Ex nditure Net (oulgoingyineoming Page 20
THE BE TW D PARTNE Com Number 4882639 DESI NATF,D F ND ulwtll and Bulwell Forui fuud Class 8 INCOME AND EXPENDITURE Accou FOR THE PERIOD ENDED 31 MARCH 2025 2025 2024 COME Service Level Agreements et¢ Written back Oiher income 19114 Total Income Cbgritable Activi Trnining Premises costs Travelling Expenses Aciivilies Telephon¢ & posth8¢S Olee Costs Insurance ProfegsionAI feel Equipmcni, mUrIalS & rencwals Cleaning & sundry expenses Hospitslity Cirants io sroup3 Slaff Costs D¢pre¢iation 32447 22398 32447 22398 Covernanee Costs: Independeni examiner's ftts Total Net {out%Din£Vincoming resourees Page21
THE BESTW OD PARTNERSHIP Com Number 4 2639 DESIGNATED FUND 9 HOLIDAY ACTIVITY FU Cl4$s 9 COM EXPENDITURE ACCOUNT FOR THE PEIUOD ENDED 31 MARCH 2025 2025 2024 INCOME Service Ivel Agreements etc Written back Oth¢r tncom¢ 84974 85117 Total Incom¢ Chritable Aetivities: Premises ¢osts Travelling Expen Training Telephrtne & rthge5 Oirl rosts Insurance Professional fees Equipm¢nt. materi&ls & renewal$ Cleanin8 & sundry expenses Aclivilies Grnnts to 8roiips 5ff C05t5 Bad debts 84751 59585 84751 59585 Governance Costs. Independenl cxaminer's fees nditure Net (out8oingyin¢oming r¢sources Page 22