FINANCIAL STATEMENTS FOR TEIE YEAR ENDED 31 MARCH 2025 FOR THE BE￿WOoD 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$ell Drive St2pleford NG9 7EG THE BESTWOOD PARTNERSHIP Com umber 04882639 CONTKI%TS OF THE FINANCIAL STATEMENTS Page Lxgal and Administrative Details Directors. Annual Report Rep)rt of the Independent Examiner Statement of FinAnci&l Activities Balance Sheet Note4 tn the FinAncial qtatements THE BESTWOOD PARTNERSHIP Com iyumber IM882639 LEGAL AND ADMINISTRATIVE DETAILS Current Trustees: Christopher Hooper (Chair) Brian Grocock (Secretary) Kim Preston Pavier (Tr￿sUrer) Roy Willi￿n Siiiitli Jennifer Verh8e8he Tcrc5a Kclly Gcorsia Emily Power David Mulligan Dawn Britt Lisa W4kefield-Davis Chief Exeeutive Officer: Donna Dennins (Be$￿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 s￿vI￿rut￿ NG9 7EG Pa8¢ 1 THTr: IJTr: TW Number 04882639 DIRECTORS, ANNLAL REPORT The directors - who #re the charity trustees for the pu￿￿se 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 trt￿teeS hxve xdopted the pmviqirbnq nf the $￿tEment of Recommend￿ Practice (SORP) "Ac¢ountin8 8nd R¢portin8 by Charitir￿, (FRS 102) in pr¢p¥ring th¢ annual report and fin4n¢i81 st4t¢ments. sTRu￿uRF.. COVERNANCE AND MANACEMETr 'lThe Charity is registered under ihe Charities Act and incorpornted under the Companies A¢t 2006 and 15 govern￿ by its Memorandum and Articles of Association. daied I sep￿mber 2003. The Board of Directors has the ￿Wer tn apprbint Additional directors and ini8teeg A$ 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 C￿nOmiC 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 Ic￿l ycar. beNcen oC￿ber 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 d￿lSIonS about the dir￿tion 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 delega￿d 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 QU￿entlY 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 P*rlDership: Firstl 4s a resident. being a member of the P2rtD*rship 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 SU￿groupS 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 lo￿1 ¢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 JrvrlVF￿d 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 BeS￿oOd 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¢ I￿al 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 commith￿￿t 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 ￿n￿t 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. SUbj￿t 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 dI￿re1]0n&ry redundancy and cOm￿nSatIOn ￿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 re￿rd¢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 Sta￿Ing 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 tru5*es (who are also the dircctors of the company for the PU￿￿SeS of company law) are responsible for the preparation of ihe accounts. The Iws*es 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 a￿ordance 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. Pr￿edUreS 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 a￿Oun1[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¢. St*pleford. NG9 7EQ Dat¢: 151,.kLs Pa8e 6 THF. BESTWOOD PARTNERSHIP Com anv Number 04882639 sTATEmE￿r OF FINANCIAL A￿1VITIEs F R THE YEAR ENDED 31 MARCH 2025 INCORPORATING AN INCOMI E & EXPENDITURE AC Duignated Fun(L$ 2025 Total 2025 Tot*1 2024 ncoml Resourtts Incomin8 resour¢# from g¢Atr*ted 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•t*l ineomi4g MOUTC Dd•d Charitable *etlvltles GvvrrNallc¢ coj 435182 435182 5(X1935 925 Tot*1 rejoureu ¢xpeDded N¢1 i4com1u￿{0uÉsO141) re￿￿re¢S before other rtcognhed pIn￿O0$Se9) 714 71d (35009) Other reeognised %*lu3111osw): Realised gainsl(lrtws) ex ditur rthe li 714 714 (35CI19) Untruliscd gain5 on InvesTmeni assets Net movemeat In FuDd$ 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 a￿ets 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 s￿￿rnents 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 fin￿l(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 c￿￿5 ka>PU- gAJi£ Pa8e 8 THE BESTWOOD PARTNERSHIP Com Numb¢r 4882639 NOTES TO THE ACCOUNTS A￿lUntIl]S PuliriE5 Basis of Preparation The finAnciAI stAtemenLq hAve heen prepAred under the hiftnric21 cn4t ennventinn And in a￿D[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: -A￿Ountin8 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 DIr￿lorS, 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 r￿ed 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 I￿￿1 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 Ye*r 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 Design*ted Funds, and Are ¢I￿ed as single funds. They are ￿ follows: l. Area One Lead (now ended) 2 Arca-Bas¢d Grant (Basfonl Si W￿rds) 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 $umJnary of the projects ¢0 whteh these funds r¢l¥te are outlined in the DIr￿lOr$, 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 re￿Ived a salary of over £60.(KKI. Page 12 THE BESTWOOD PARTNERSHIP Com Number 48￿639 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'ttn￿lces, 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