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2023-03-31-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 2023

Newham New Deal Partnership

Report and financial statements

For the year ended 31 March 2023

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 2023

Trustees: Fay Cannings (resigned May 2023)
Farzana Chowdhuri
Amalia Loizidou (appointed October 2022)
James Robert Ludlam, JP (Chair)
Jean Ludlam
Jaston Rodrigues
Eloise Swales (appointed October 2022)
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 2023

The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2023.

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 2023

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.

Overview

We were pleased to report a stable year, with income in place to maintain and successfully deliver our core services through our existing staff and volunteer team. With the Consumer Retail Index reaching 10.5% in the twelve months to December 2022, cost of living pressures affected our clients and our operations. With regard to the former, we saw an increase in requests for support in accessing welfare benefits, foodbanks, and more complex financial cases. With regard to the latter, unfortunately, our multiple year funding agreements did not take account of inflation. However, we were able to give staff a small uplift in salaries in April 2022, partly through accessing reserves.

Newham New Deal Partnership’s CEO is a Trustee of One Newham, the voluntary and community sector’s network organisation. Following a competitive process, we were pleased to be selected by One Newham as the host organisation for a pilot project to reduce health inequity in Newham, working with local grass roots organisations (Newham Health Equity project). The first tranche of grant funding for this was received in financial year 2022/23.

Achievements and performance

The objectives in the current strategic plan include:

Good Neighbours services

Newham Community Dementia Memory Support Service

London Borough of Newham commission this service. We provide a community information, advice and signposting service by telephone, face to face and home visits, for Newham residents living with dementia and their carers, in order that they could continue to live at home independently and as well as possible. Our Support Workers help customers to understand their diagnosis, and provide practical advice, information and support on advance planning, and refer customers on to social services and other organisations as appropriate.

Page | 3

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2023

An important additional element of the service is group activity. We restarted face to face Music for the Mind and Memory Café services, which provide peer support, social activities, exercise and cognitive stimulation for people living with dementia, including carers.

The service had 132 new referrals in the year, as well as providing ongoing support for past clients. Our regular information Bulletin is received by over 150 customers.

Around two-thirds of referrals are residents who are over 75 years of age. Clients from Black Caribbean/Black African groups make 32% of referrals, White/White other groups make 31% of referrals and Asian Groups 27% of referrals.

The Dementia Support team participated in Dementia Action Week in May, and Dementia Awareness month in September, through running stalls and social media engagement.

Good Neighbours services – Information and case work project

The Good Neighbours case work project provides one-to-one intensive support for people with progressive diseases, particularly dementia, and their older carers, especially the most financially vulnerable or socially isolated at a critical time of their lives when intervention can make a big difference. For example, when a diagnosis of dementia has just been made, when there is a change in financial circumstances, or when physical or mental disabilities increase and additional help is needed. The service in particular aims to reach minoritised communities.

In 2022 the part-time Advisor supported 45 people, mainly on claiming benefits for the first time, benefits appeals and housing appeals. 85% of clients were from non-White backgrounds.

Accessing financial benefits is a particular issue for people with dementia and their older carers in Newham, which has very high levels of pensioner poverty. This has been particularly so in the past year, with the cost of living crisis, and we have had to manage a waiting list to deal with demand.

Almost all clients understood locally available help that they could access to make informed choices about their situation at the end of our intervention, and almost all felt more able to manage at home as a result of the intervention. Two thirds felt safer and 60% felt that they had increased their support network.

Good Neighbours services - @online club network for older people

East London has high levels of digital exclusion amongst older people and this presents barriers to acting independently and accessing services. The aim of @online club network is to increase the confidence of older people to go online after completion of an eight-week training programme, in an enjoyable, social environment. We have high levels of customer satisfaction and achievement for the service.

We continued to work with Tower Hamlets voluntary and community sector partners, including Sonali Gardens, MIND and Tower Hamlets Carers Centre to provide digital inclusion programmes at their premises. As a result we delivered programmes to 37 older residents, the majority of which were from BAME backgrounds.

Page | 4

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2023

We were able to undertake several @online digital health and life skills programmes in Newham, firstly through the Newham Mental Health Grant which reached 22 Newham residents, and secondly through Lyles Local fund, which recruited 17 residents.

Arts and heritage

We accepted the Heritage Lottery Fund’s offer to work with us as part of a cohort of Newham charities to develop a heritage project for funding, and will be submitting a bid to engage our stakeholders in celebrating our history and achievements as a charity in 2023/24.

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.

We had regular nine volunteers who supported the charity’s delivery of Music for the Mind, Memory Café, and digital inclusion sessions. Most have been with us for at least two years. Their skills and contribution to the atmosphere of the sessions is vital, and we thank them.

Partnership working

Newham New Deal Partnership continued to play an active role in the voluntary and community sector in the Borough. The CEO is a Trustee of One Newham, a network of voluntary, community and faith groups that are rooted in local communities and work to improve the lives of people in Newham. The charity continues to be an active member of Creative Newham, an independent alliance of arts, cultural, educational, social and voluntary organisations committed to growing and strengthening cultural mobility in all its forms in Newham.

Financial review

The charity returned a modest net income for the year, before the application of free reserves. It increased its income slightly from the previous year as it was able to find new funders for digital inclusion services, as well as start a new project; expenditure levels increased by a similar amount.

Overall, free reserves were reduced a little and represent four months’ expenditure. The charity’s ability to maintain longer term funding streams for current projects will continue to be a challenge and a priority in the highly competitive funding environment both locally and nationally. Where possible, the charity is also including realistic cost of living rises in multi-year funding applications.

Page | 5

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2023

Reserves policy

In 2016/17 the Trustees designated £30,000 of reserves for charity restructuring or in a worst case scenario closure costs. The Trustees intend to review this in the forthcoming year.

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 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.

Plans for the future

The charity continued 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. Consultations are planned with customers, clients, funders and other stakeholders in the financial year 2023/24 in order to develop a refreshed strategy for 2024/25-27/28.

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 one full time and three part-time staff

Page | 6

Newham New Deal Partnership

Report of the Trustees

For the year ended 31 March 2023

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 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. Following a recruitment programme, two new Trustees were appointed in 2022, and we accepted the resignation of one long-standing Trustee.

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 comprised seven 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 by Newham New Deal Partnership’s Trustees in 2022/23.

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

Page | 7

Newham New Deal Partnership Report of the Trustees For the year ended 31 March 2023 charitable company and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and inlegrily of the corporate and financial infomalon included on the Gharitabl8 company's website. Legislation in the United Kingdom gov@rning the preparation and dissemination of financial ststemen15 may differ from legislation in other jurisdictions. Members of the charity guarantee lo contribute an amount not exceeding £1 to the assels of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 712022- 61. The trustees are members of the charity but this entitles them only lo voting rights. The trustees have no beneficial interest In the charty. statement as to dlsclosure to our Independent examlners In so far as the trustees arg aware.. There is no relevant audit informabon of which the charitable company's independent examiners are unaware., and The trustees have taken all steps that they ought to have laken to make themselves aware of any relevant audit infomiation and lo establish that the independent examiners are aware of that information. The tnjstees, annual report has been approved by the trustees on . and signed on their behalf by., James Robert Ludlam. JP Chair of Trustses Page | 8

Independent examiner’s report

To the members of Newham New Deal Partnership

For the year ended 31 March 2023

I report on the accounts of the Newham New Deal Partnership for the year ended 31 March 2023, 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

2023 13 October

Page | 9

NEWHAM NEW DEAL PARTNERSHIP

Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2023

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
£
1,593
78,170
-
79,763
87,970
87,970
(8,207)
-
(8,207)
72,866
64,659		 Restricted
funds
£
-
98,045
-
98,045
76,439
76,439
21,606
-
21,606
22,036
43,642		 2023
Total
funds
£
1,593
176,215
-
177,808
164,409
164,409
13,399
-
13,399
94,902
108,301		 2022
Total
funds
£
2,800
161,119
-
163,919
156,158
156,158
7,761
-
7,761
87,141
94,902

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 2023 2023 2023 2022 2022 Note Current assots: Debtors Cash al bank and in hand 4,725 109,288 114,013 4,250 96,389 100,639 Llabilities- Cr8ditors.' amounts falling due within one year 10 5.712 5.737 Net current assets 108.301 94,g02 Totsl net assets 108,301 94,902 Funds Reslricled fvnds 43.642 22,036 Unrestricted funds.. Designated funds General funds Total unreslricled funds 30,000 34,659 30,000 42,866 64,659 72.866 Total funds 12 108.301 94.902 The Trustees consider that the company is entitled lo exemption from the requirement lo have an audit under the provisions of section 477 of Ihe Companies Act 20061"Ihe Act") and members have not required the company to obtain an audit for the year in questlon in accordance wth section 476 of the Act. The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records whiGh comply with section 386 of the Act and for preparlng financial statements which give a true and fair view of the state of 8ff8irs of the company as at 31 March 2023 and of its profil or loss for the year then ended in accordance th the requirements of sects'ons 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financral statements 50 far as applicable to the company. The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006. Approved by the trustees on and signed on their behalf by.. James Robert Ludlam. JP {Chair} Trustee Company registration no. 05033441 The attached notes fomi part of the financial statements. Page | I

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2023

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.

Page | 12

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2023

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.

Page | 13

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements

For the year ended 31 March 2023

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
Grant income
Other income
Total for charitable activities
4
Income from investments
Bank interest		 Unrestricted
£
-
78,170
78,170
Unrestricted
£
-
-		 2022
£
2,800
78,161
-
80,961
69,277
69,277
11,684
-
11,684
61,182
72,866
£
98,045
-
98,045
£
-
-
Restricted
Restricted
Unrestricted		 2022
£
-
82,958
-
82,958
86,881
86,881
(3,923)
-
(3,923)
25,959
22,036
2023
Total
£
98,045
78,170
176,215
2023
Total
£
-
-
Restricted		 2022
Total
£
2,800
161,119
-
163,919
156,158
156,158
7,761
-
7,761
87,141
94,902
2022
Total
£
82,958
78,161
161,119
2022
Total
£
-
-

Page | 14

NEWHAM NEW DEAL PARTNERSHIP

Notes to the financial statements

For the year ended 31 March 2023

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
Marketing
Direct
Legal and professional fees
Direct
Staff costs
Staff time
Independent examination
Direct
Bookkeeping
Direct
Other expenses
Direct
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022		 Charitable
activities
£
-
-
-
12,267
-
1,144
-
-
131,197
-
-
-
144,608
18,017
1,784
164,409
156,158		 Support
costs
£
£
6,912
-
2,224
-
4,250
-
-
-
-
44
-
-
160
-
1,724
-
-
-
1,740
2,747
-
-
-
18,017
1,784
(18,017)
(1,784)
-
-
-
-
Governance
costs		 2023
Total
£
6,912
2,224
4,250
12,267
44
1,144
160
1,724
131,197
1,740
2,747
-
164,409
-
-
164,409		 2022
Total
£
6,977
1,858
6,811
9,634
48
1,105
144
2,409
122,518
1,600
3,054
-
156,158
-
-
156,158

Of the total expenditure, £87,970 (2022: £69,277) was unrestricted and £76,439 (2022: £86,881) was restricted. 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 2023

6 Net income / (expenditure) for the year

This is stated after charging / (crediting):
Independent examiners fees		 2023
2022
£
£
1,417
1,300

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		 2023
2022
£
£
122,685
112,681
6,208
6,301
1,833
1,660
471
1,876
131,197
122,518

None of the employees were paid a remuneration equal to or more than £60,000 in the year (2022: Nil).

The total employee benefits including pension contributions of the key management personnel were £49,320 (2022: £45,312).

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		 2023
2022
No.
No.
4
4
1
1
5
5

8 Taxation

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

9 Debtors

Trade debtors
Prepayments		 2023
2022
£
£
2,905
3,105
1,820
1,145
4,725
4,250

Page | 16

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2023

10 Creditors: amounts falling due within one year

Trade creditors
Taxation and social security
Accruals		 2023
2022
£
£
1,503
1,436
2,509
2,741
1,700
1,560
5,712
5,737

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 2022
Net current assets
Net assets at the end of the year		 General
unrestricted Designated Restricted
Total
funds
£
£
£
£
34,659
30,000
43,642
108,301
34,659
30,000
43,642
108,301
General
unrestricted Designated Restricted
Total
funds
£
£
£
£
42,866
30,000
22,036
94,902
42,866
30,000
22,036
94,902

12 Movements in funds

Restricted funds:
Lyle's Local Fund
Lloyds Bank Covid19 fund
LB of Tower Hamlets
Newham Mental Health Grant
Health Equity Grant
Henry Smith
Total restricted funds
Unrestricted funds:
Designated funds
General funds
Total unrestricted funds
Total funds
East End Community Foundation –
Life Chances Campaign		 At the start
of the year
Income Expenditure
Transfers
At the end
of the year
£
£
£
£
£
-
5,945
-
-
5,945
-
2,430
-
-
2,430
2,826
-
-
-
2,826
1,545
19,520
22,022
-
(957)
6,700
-
6,700
-
-
-
30,000
5,820
-
24,180
10,965
40,150
41,897
-
9,218
22,036
98,045
76,439
-
43,642
30,000
-
-
-
30,000
42,866
79,763
87,970
-
34,659
72,866
79,763
87,970
-
64,659
94,902
177,808
164,409
-
108,301

Page | 17

NEWHAM NEW DEAL PARTNERSHIP Notes to the financial statements For the year ended 31 March 2023

Movements in funds 2022

Restricted funds:
Connect Hackney
Lloyds Bank Covid19 fund
LB of Tower Hamlets
Newham Mental Health Grant
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
£
£
£
£
£
1,405
19,088
20,493
-
-
5,840
-
3,014
-
2,826
5,464
19,520
23,439
-
1,545
-
6,700
-
-
6,700
13,250
37,650
39,935
-
10,965
25,959
82,958
86,881
-
22,036
30,000
-
-
-
30,000
31,182
80,961
69,277
-
42,866
61,182
80,961
69,277
-
72,866
87,141
163,919
156,158
-
94,902

Restricted funds:

East End Community Foundation – Life Chances Campaign: grant to develop digital skills for health and wellbeing for older people.

Lyles Local Fund: grant for digital life skills training for older people in Newham.

Health Equity Grant: to host, deliver and. evaluate a learning project to support health equity in three community groups in Newham.

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

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

Newham Mental Health Grant: grant for digital inclusion and signposting for older residents.

Henry Smith: grant towards the salary of a part-time specialist dementia case worker.

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 2023 (2022: none).

Page | 18