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2021-03-31-accounts

Newham New Deal Partnership

(A Company Limited by Guarantee)

Company No. 05033441 Charity No. 1132937

Report and financial statements

For the year ended

31 March 2021

Newham New Deal Partnership

Report and financial statements

For the year ended 31 March 2021

Contents
Page
Reference and administrative information 1
Trustees’ annual report 2 - 8
Independent examiner’s report 9
Statement of financial activities 10
(incorporating an income and expenditure account)
Balance sheet 11
Notes to the financial statements 12 - 18

Newham New Deal Partnership

Reference and administrative information

For the year ended 31 March 2021

Trustees: Fay Cannings
Farzana Chowdhuri
James Robert Ludlam, JP (Chair)
Jean Ludlam
Jaston Rodrigues
Hazel Taverner (Hon. Treasurer)
Company Secretary: Fiona Baird
Chief Executive: Fiona Baird
Company number: 05033441
Charity number: 1132937
Registered office: Unit 9, Third Floor
St Luke’s Community Centre
85 Tarling Road
London E16 1HN
Auditors: Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG
www.goldwins.co.uk
Bankers The Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
Solicitors Trowers & Hamlins LLP
3 Bunhill Row
London
EC1Y 8YZ

Page | 1

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2021.

The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Purposes and aims

The Charity is registered as a charitable company limited by guarantee no.05033441. It is constituted under a Memorandum of Association dated 24[th] November 2009, as registered charity number 1132937.

The charity’s purposes as set out in the objects contained in the company’s memorandum of association are the promotion for the benefit of the public of urban or rural regeneration in areas of social and economic deprivation in the Newham and surrounding areas by all or any of the following means:

The Trustees have had regard to the Charity Commission’s guidance on public benefit.

The mission of the charity is to help and support individuals, groups and communities to meet their social and economic needs by developing control over their health and wellbeing, and their physical, social and economic environment.

We do this by delivering projects which:

Page | 2

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

During the accounting period the charity achieved this through delivery of its Good Neighbours services which support older and disabled people, particularly people with dementia and their carers.

Covid-19

The financial year 2020/21 has been hugely challenging for our clients, staff and volunteers.

It was a very busy time for staff, who had to deliver services in new ways throughout the year ways that kept everyone safe, whilst also working from home for much of their time.

We must acknowledge the unprecedented impact that Covid-19 had on our older clients, many of whom are in their 70s and 80s. Sadly, a number of clients died with a Covid diagnosis in 2020/21. The quality of life for people with dementia, their carers and older people living alone, significantly declined due to limited social contact and reduced opportunities for stimulation. Our October 2020 survey of dementia support services clients found almost half were finding lockdown and social distancing precautions very difficult, suffering from isolation, stress and depression as a result.

We would like to thank all our funders for their continued support while we developed ways to deliver services remotely.

Achievements and performance

The objectives in the current strategic plan include:

Good Neighbours services

Newham Community Dementia Memory Support Service

We provided a community information, advice and signposting service to Newham residents living with dementia and their carers, in order that they could continue to live at home independently. We also provided opportunities for social support through peer groups. We received 121 new referrals to the service in 2020/21, by telephone or online during most of the period.

Following lockdown, we worked with the local authority to ensure that all clients were known to social service and signposted to emergency support available, such as food parcels. Subsequently we posted out a monthly

Page | 3

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

information Bulletin to clients, giving local information about Covid-19, tips on dealing with dementia, and some ‘fun’ activities with prizes. Following a successful Zoom pilot of Memory Cafes and Music for the Mind, we continued to provide group peer support remotely during the period. Tablet devices provided to participants were funded by the London Borough of Newham.

In November, we learnt that we were successful in our bid to Newham Adult Social Services to run the service in 2021.

Good Neighbours services – Information and case work (dementia) project

We completed the third year of the information and casework project, which provided holistic and sustained support for 45 people with dementia or disabilities and/or their carers when they experience a change of circumstance, so that they are able to be more resilient and independent. A focus of the project is to reach BME communities. The part time case worker was able to continue to deliver the service remotely during the pandemic, including form filling and assessment. The main areas of support were in obtaining additional financial support (over £40,000 in benefits gained for clients) and gaining access to health and other services.

We were very pleased that our application to Henry Smith Charitable Trust to continue the service for three years from January 2021 was successful.

Good Neighbours services - @online club network for older people

Our digital inclusion projects support older people become more confident with using tablet devices as part of their daily living. With much of the year in lockdown, reaching new clients - older people who were digitally excluded – tested us to the maximum. We initiated a telephone helpline for both Hackney and Tower Hamlets clients, and publicised this more generally in the boroughs. We developed a regular printed bulletin for past clients in Hackney which enabled those without family members or friends with IT knowledge to keep up to date with online issues. We delivered remote training during lockdown by moving to a one to one digital buddy service, and were able to work with clients from over 50s employment charity Wise Age, and also women clients of Coffee Afrique (where we also loaned iPads).

The Connect Hackney digital project is part of a national research project funded by the Community Fund and we were pleased to see our project highlighted in a University of East London evaluation report ‘Can the use of technology help to reduce social isolation and loneliness?’ (February 2020).

We are most grateful for the flexible and supportive approach of the funders of our digital inclusion projects in the past year – Connect Hackney, Tower Hamlets and Hackney Small Grants.

Resilience projects

We were very fortunate to gain funding for resilience-building support during the year.

Firstly, we received additional funding from Lloyds Bank Foundation to adapt our services so we could continue to support people facing complex social issues during lockdown, through funding for a temporary volunteer manager to support our volunteer recruitment, induction and management process, to develop an internal e- newsletter and to refresh our website.

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Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

We also received a grant from the Heritage Fund to increase our capacity to deliver community heritage projects through a focus group programme to identify needs, support and ideas, a programme of training workshops for past and future volunteers (heritage in a digital future), and additional capacity to review and test social media and website for community heritage needs.

Volunteers

Newham New Deal Partnership is a volunteer-involving organisation which actively engages volunteers to support its charitable activities through a range of specialist opportunities in health, social care, and IT, underpinned by training, supervision and support. For many volunteers, the placements develop skills, confidence and self-esteem, as well as providing routes into training, education and meaningful and sustainable employment. Volunteers are offered expenses – subsistence and travel costs – as well as access to internal and external training courses. We note that many volunteers waive their entitlement to expenses.

In 2020/21 we had reduced face to face volunteering opportunities due to lockdown. In the Autumn we reconfigured our service delivery to digital, and recruited six digital buddy volunteers to deliver our @online club learning programmes to clients via telephone or Zoom on a one to one basis.

In 2020/21 eight volunteers provided 58 hours supporting the charity’s beneficiaries.

Partnership working

Newham New Deal Partnership continued to play an active role in the voluntary and community sector in the Borough, including being a member of the Creative Newham consortium bid group, and through membership of London Borough of Newham’s End of Life Strategy partnership Board.

Financial review

The charity’ annual income for 2020/21 increased substantially from 2019/20, due to receipt of a full 12 months of contract income from London Borough of Newham, and one-off grants for resilience work. There is some underspend to be carried forward to 2021/22. We were pleased to confirm contracts extensions with London Borough of Newham and Connect Hackney, and to secure a new grant to continue our dementia case work project, but maintaining longer term funding streams for our projects continues to be a priority in the highly competitive funding environment.

Reserve policy

In 2016/17 the Trustees designated £30,000 of reserves for charity restructuring or in a worst case scenario closure costs.

Going concern

At the present time the Trustees have a reasonable expectation that the charity has adequate resources to continue to operate. For this reason, they continue to adopt the going concern basis in preparing the financial

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Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

statements.

Principal risks and uncertainties

The charity has an operational and business strategy in place which takes account of the risks to which the charity is exposed, and how to mitigate them. It monitors income and expenditure on a quarterly basis. Cashflow is monitored on a monthly basis. Internal control risks are minimised by the implementation of financial procedures for the authorisation of all transactions and projects.

The charity reviews its Health and Safety policy once a year; this covers staff and volunteer safety when working both in and outside the office. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. The CEO reports on the status of funding bids at every Board meeting. The Trustees were updated on the impacts of Covid19 on the charity’s people and service delivery at each Board meeting. In addition, the charity had a Covid-19 Recovery Forum session in August 2020 facilitated by Lloyds Bank volunteers.

Plans for the future

The charity continues to prioritise funding for current and future services which reduce social isolation and support the independence of older people and people with disabilities, as well as to find more funding for arts and heritage projects which support the engagement of local people and local place making.

Demonstrating quality is a Board commitment. By March 2021, we had progressed the self-assessment element of the TrustedCharity quality assurance scheme.

Structure, governance and management

The Charity is registered as a charitable company limited by guarantee no.05033441. It is constituted under a Memorandum of Association dated 24[th] November 2009, as registered charity number 1132937.

The Board meets approximately five times a year to approve the annual operational plan and budget, the independently examined accounts, updated policies and procedures (including annual reviews of the H&S policy and financial policy), and to review how the organisation is achieving the annual plan. The Board also meets once a year at a Board Awayday to discuss and review strategic issues.

The Chief Executive is responsible for the day to day running of the charity, and is line managed by the Chair. In addition to the Chief Executive, Newham New Deal Partnership had four part time staff posts over the period. The charity has outsourced its payroll, HR and H&S functions, and uses a freelance bookkeeper.

Appointment of Trustees

The Board comprises Community, Independent and Co-opted directors who are elected for a period of three years in the first instance. The charity periodically undertakes a review of skills and experience required of the Board, and identifies any gaps for recruitment.

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Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2021

Trustee induction and training

Potential Trustees are encouraged to learn about the charity in advance of appointment. On appointment, new Trustees have a familiarisation programme appropriate to their needs, which will include briefings with the Chair and CEO, and project visits as well as the provision of a documentation pack which includes information on the role of the Trustee and key internal charity documents, including the governing instrument.

The Board of Directors comprises six local people with business, financial, and management skills, plus knowledge of the local community, and lived experience as patients and carers. Trustees are encouraged to attend the charity’s projects as observers and volunteers.

Related parties and relationships with other organisations

There were no related party transactions in 2020/21.

Statement of responsibilities of the trustees

The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2021 was 6 (2020: 6). The trustees are

Page | 7

Nawham New Deal Partnership Report of the Tmstees For the year ended 31 March 2021 members of the charity but this enlilles them only lo voting nghts. Th8 trustees have no beneficial interest in the charity. Statsment 8$ to diselosure to our Independent examlners In so far as the trustaes arè aware- There is ncj relevant audit infDrmalion of which the ch8ritable company's independent examinèrs arè unaware., and The Irustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit inforrnalion and to establish that the independent examiners are aware of that information. The Irustegs, annual report has been approvpd by Ihg tnJst8es on I%1.101.21 and signed on their behaw by.. Jomes Rob¢rt Lvdlam. JP Chair of Trustees Pa9el 8

Independent examiner’s report

To the members of Newham New Deal Partnership

For the year ended 31 March 2021

I report on the accounts of the Newham New Deal Partnership for the year ended 31 March 2021, which are set out on pages 10 to 18.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements:

Anthony Epton BA, FCA, CTA, FCIE

Goldwins

Chartered Accountants

75 Maygrove Road West Hampstead London NW6 2EG

2021

9 November 2021

Page | 9

NEWHAM NEW DEAL PARTNERSHIP

Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2021

Note
Income from:
Donations
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities:
5
Total expenditure
6
Transfers between funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12
Net income / (expenditure) for the year
Net movement in funds		 Unrestricted
funds
£
553
85,675
-
86,228
48,070
48,070
38,158
-
38,158
23,024
61,182		 Restricted
funds
£
-
79,148
-
79,148
85,596
85,596
(6,448)
-
(6,448)
32,407
25,959		 2021
Total
funds
£
553
164,823
-
165,376
133,666
133,666
31,710
-
31,710
55,431
87,141		 2020
Total
funds
£
560
78,941
189
79,690
87,736
87,736
(8,046)
-
(8,046)
63,477
55,431

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

Page | 10

NEWHAM NEW DEAL PARTNERSHIP Balance sheet As at 31 March 2021 2021 2021 2020 2020 Notè Current assets: Debtors Cash al bank and in hand 4,006 88,706 92.712 3.694 56.948 60,642 Llabilitie$- Creditors.. amounts falling due within onè yèar 10 5,211 Nèt current aJset8 87,141 55,431 Total net a8¥ets 87,141 SS,431 Funds Restrictéd funds 25,959 32,4D7 Unreslricled funds.. Designated funds Genoral funds Total unrestricted fvnds 30.000 31,182 3Q.000 6.976 61,182 23,024 Total funds 12 87,141 55,431 Tho Trust999 con8idÈr that the company is enlilled to exemption frorn the requirement to have an audit under the provisions of seGtion 477 of the Companies Act 20061"Ihe Act'l and members have nol required the company lo obtain an autlit for the y8ar in question in a¢¢ordance with seclion 476 01 the Act. Th8 Twstees aCkno￿ledge their responsibilities for ensuring that the company keeps accounting recorcls which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the stale of affairs of the company as at 31 March 2021 and of its profil or loss for the y23r then ended in accordance with the requirements of sections 394 and 395 of the Acl and which otherwise Comply with th8 requirements ol the Companigs Act 2006 relatsng to the financial statements so far 88 applicable lo the Company. The financial ststements have been prèpared in accordan¢e with the spgcial provislons for small Companies under Part15 01 Companies Act 2006. Approved by Ihg trustees on . and signed on their beh ifl lio/. zo2 1 Jame3 Robert Lu(11am. JP (Chairl Trustae Company registration no. OS033441 Thtt attached notes form part of the financial slatements. Page | I I

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

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NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies (continued)

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Tangible fixed assets

Items of equipment are capitalised where the assets is expected to have a usefull life of more than three years. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 5 Years SL Computer equipment 4 Years SL

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements

For the year ended 31 March 2021

2
Detailed comparatives for the statement of financial activities
Income from:
Donations
Charitable activities: Grants receivable
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income / (expenditure) for the year
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Unrestricted
£
Grant income
-
Other income
85,675
Total for charitable activities
85,675
4
Income from investments
Unrestricted
£
Bank interest
-
-
2020
£
560
19,111
189
19,860
33,025
33,025
(13,165)
-
(13,165)
36,189
23,024
£
79,148
-
79,148
£
-
-
Restricted
Restricted
Unrestricted		 2020
£
-
59,830
-
59,830
54,711
54,711
5,119
-
5,119
27,288
32,407
2021
Total
£
79,148
85,675
164,823
2021
Total
£
-
-
Restricted		 2020
Total
£
560
78,941
189
79,690
87,736
87,736
(8,046)
-
(8,046)
63,477
55,431
2020
Total
£
59,830
19,111
78,941
2020
Total
£
189
189

Page | 14

NEWHAM NEW DEAL PARTNERSHIP

Notes to the financial statements

For the year ended 31 March 2021

5 Analysis of expenditure

Basis of
allocation
Premises costs
Space
IT costs
Direct
Other office costs
Direct
Project and grant expenses
Direct
Bank charges
Direct
Insurance costs
Direct
Legal and professional fees
Direct
Staff costs
Staff time
Independent examination
Direct
Bookkeeping
Direct
Other expenses
Direct
Support costs
Governance costs
Total expenditure 2021
Total expenditure 2020		 Charitable
activities
£
-
-
-
12,471
-
789
-
100,085
-
-
-
113,345
18,709
1,612
133,666
87,736		 Support
costs
£
£
6,829
-
1,658
-
5,179
-
-
-
-
52
-
-
3,010
-
-
-
1,560
2,033
-
-
-
18,709
1,612
(18,709)
(1,612)
-
-
-
-
Governance
costs		 2021
Total
£
6,829
1,658
5,179
12,471
52
789
3,010
100,085
1,560
2,033
-
133,666
-
-
133,666		 2020
Total
£
7,126
1,177
4,841
6,815
48
861
2,386
60,491
1,560
2,431
-
87,736
-
-
87,736

Of the total expenditure, £48,070 was unrestricted (2020: £33,025) and £85,596 was restricted (2020: £54,711). Support and governance costs are allocated across activities based on staff time spent.

Page | 15

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2021

6 Net income / (expenditure) for the year

This is stated after charging / (crediting):
Independent examiners fees		 2021
2020
£
£
1,560
1,560

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions
Other costs		 2021
2020
£
£
88,814
56,508
4,778
1,362
1,442
1,201
5,051
1,420
100,085
60,491

None of the employees were paid a remuneration equal to or more than £60,000 in the year (2020: Nil).

The total employee benefits including pension contributions of the key management personnel were £40,048 (2020: £29,892).

The charity trustees were not paid or received any other benefits from employment with the charity.

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

was as follows:
Charitable activities
Support		 2021
2020
No.
No.
3
3
1
1
4
4

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Debtors

Debtors
Trade debtors
Prepayments		 2021
2020
£
£
2,905
2,905
1,101
789
4,006
3,694

Page | 16

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2021

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Accruals		 2021
2020
£
£
1,558
1,318
2,453
2,333
1,560
1,560
5,571
5,211

11 Analysis of net assets between funds

Analysis of net assets between funds
Net current assets
Net assets at the end of the year
Analysis of net assets between funds 2020
Net current assets
Net assets at the end of the year		 General
unrestricted Designated Restricted
Total
funds
£
£
£
£
31,182
30,000
25,959
87,141
31,182
30,000
25,959
87,141
General
unrestricted Designated Restricted
Total
funds
£
£
£
£
(6,976)
30,000
32,407
55,431
(6,976)
30,000
32,407
55,431

12 Movements in funds

Restricted funds:
Connect Hackney
Covid19 Heritage fund
Lloyds Bank Foundation
Lloyds Bank Covid19 fund
LB of Tower Hamlets
LB Hackney small grants fund
Henry Smith
Total restricted funds
Unrestricted funds:
Designated funds
General funds
Total unrestricted funds
Total funds		 At the start
of the year
Income Expenditure
Transfers
At the end
of the year
£
£
£
£
£
5,835
19,088
23,518
-
1,405
-
8,400
8,400
-
-
23,440
-
23,440
-
-
-
9,640
3,800
-
5,840
3,132
19,520
17,188
-
5,464
-
4,400
4,400
-
-
-
18,100
4,850
-
13,250
32,407
79,148
85,596
-
25,959
30,000
-
-
-
30,000
(6,976)
86,228
48,070
-
31,182
23,024
86,228
48,070
-
61,182
55,431
165,376
133,666
-
87,141

Page | 17

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2021

Movements in funds 2020
Restricted funds:
Connect Hackney
Lloyds Bank Foundation
LB of Tower Hamlets
Total restricted funds
Unrestricted funds:
Designated funds
General funds
Total funds
Total funds		 At the start
of the year
Income Expenditure
Transfers
At the end
of the year
£
£
£
£
£
3,846
25,070
23,081
-
5,835
23,442
25,000
25,002
-
23,440
-
9,760
6,628
-
3,132
27,288
59,830
54,711
-
32,407
30,000
-
-
-
30,000
6,189
19,860
33,025
-
(6,976)
36,189
19,860
33,025
-
23,024
63,477
79,690
87,736
-
55,431

Restricted funds:

Connect Hackney: funding to deliver @online club programmes to Hackney residents aged 60 and over, and at risk of, or experiencing, social isolation.

Covid19 Heritage fund: grant to update our heritage offer for a digital, socially distanced future.

Lloyds Bank Foundation: grant towards the salary of a part-time specialist dementia case worker.

Lloyds Bank Covid19 fund: grant to develop volunteering and digital capacity.

LB of Tower Hamlets: funding to deliver @online club programme in Tower Hamlets.

LB Hackney small grants fund: grant for digital inclusion support for older residents.

13 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

14 Related party transactions

There are no related party transactions to disclose for 2021 (2020: none).

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