Company registration number: 07414080 Charity registration number: 1139239
Nether Edge Neighbourhood Group
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 October 2022
Nether Edge Neighbourhood Group
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' annual report | 2 - 6 |
| Independent examiner’s report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10 - 12 |
Nether Edge Neighbourhood Group
Legal and administrative information For the year ended 31 October 2022
Trustees
Ken Lambert Chair Howard Fry Committee Secretary David Pierce Richard Taylor Marion Gerson Nicole Erlen Mazhar Hussain
Resigned 4 July 2023
Appointed on 30 March 2022 Resigned on 30 March 2022 Resigned on 30 March 2022
Company Secretary
Ken Lambert
Registered office 32 Thornsett Road Sheffield S7 1NB
Independent examiner
Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
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Nether Edge Neighbourhood Group
Trustees’ annual report
For the year ended 31 October 2022
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 October 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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) issued in October 2019.
Structure, governance and management
Nether Edge Neighbourhood Group (NENG) was incorporated on 20 October 2010 and is governed by its Memorandum and Articles of Association. Its legal status is that of a company limited by guarantee. It has no share capital and the liability of each member in the event of winding-up is limited to £1. The company became registered as a charity on 1 December 2010.
The NENG management committee has sixteen members and has continued to meet on a monthly basis via Zoom until re-starting face to face meetings on 18 January 2022. Due to something of a Covid 19 surge, it was reluctantly decided to hold the AGM via Zoom on 30 March 2022. The response was good, with 28 members “attending”. Each of the sub group leads gave a brief resume of their activities and programme for the future. Formal reports by the sub groups were presented in the March edition of EDGE.
It is with much sadness that the Committee accepted the resignation due to ill health of David Pearce, a long serving stalwart of NENG. David resigned from all his other posts including as Trustee.
Objectives and activities
The objects of the Company ('the Objects') are to improve the conditions of life especially of those living or working in the areas of Brincliffe, Nether Edge and Sharrow in Sheffield, without distinction of sex or race or of political, religious or other opinions, by association with the local authorities, voluntary organisations and residents in a common effort to advance education, to improve the environment and to provide facilities in the interest of social welfare for recreation and leisure time activities.
To achieve our objectives we:
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run a local Farmers Market four times a year, with surpluses from the stall fees going to local charities;
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run an annual Neighbourhood Festival, again with profits going to fund future festivals and surplus going to local charities;
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publish 10 editions a year of the neighbourhood magazine “EDGE”; this is funded by subscriptions and advertising revenue;
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support “sub groups” of NENG through a Memorandum of Understanding:- Kenwood Community Growers; Friends of Chelsea Park; the History Group.
Other groups are affiliated to and supported by NENG, but unlike the “sub groups” there are no financial considerations. These are: the Nether Edge Art Group; Friends of Brincliffe Edge Wood; Open Gardens; Frog Walk Pocket Park.
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Nether Edge Neighbourhood Group
Trustees’ annual report For the year ended 31 October 2022
The Trustees are pleased to say we managed to keep most activities running in some form despite the various lockdowns and regulations regarding Covid 19. Membership and Subscriptions for the EDGE magazine did fall when it became impossible for distributors to collect fees door to door, but a push on using bank transfers and standing orders has just about recouped the situation.
The AGM for 2023 was held face to face for the first time since 2019 in the Nether Edge Bowling Club on 21 March 2023. 32 members attended and in addition to presentations by sub group leads, members were asked what other objectives they would like NENG to have. A report on the AGM and response to the issues raised was given in the May edition of the EDGE magazine.
Nether Edge Farmers’ Market : Due to Covid 19 restrictions Markets in December 2020 and March 2021 had to be cancelled, but Markets were held in June, September and November 2021 and in March and June 2022. The Markets that did take place restricted stalls to half the normal number, and there was additional stewarding to maintain social distancing. The risk assessments for each market were agreed by Sheffield City Council. Although restrictions have eased in 2022, the Market Committee decided the continue with the reduced number of stall, which created a better ambience for visitors. It has meant demand exceeds supply for the number of stalls available, but there have been experiments with stall holders “sharing” a stall between them; this has been of particular help to newer stall holders.
Nether Edge Festival : A Festival was held in September 2022, reverting to live events indoors and outdoors. The successful “Monster Trail” held in 2021 was repeated. The opening event was held at Common Ground, with a number of bouncy castles providing entertainment for the young and not so young. The Festival ended with the Party in the Park in Chelsea Park, which was very well attended and seemed to provide a welcome release from the various lock downs and restrictions. Local Authority “ward pot” funding was obtained in 2022, and it is anticipated that this will be the case for the 2023 Festival.
EDGE : our 10-monthly neighbourhood magazine (subscriptions now cost £10 per annum) is distributed to 1000 households and businesses in Nether Edge, containing a diverse range of informative articles about the area as well as a regular “What’s On” feature. A local graphic designer and member of NENG has volunteered his services to produce a much more professional and eye catching magazine, which has received a great deal of praise. Paper and electronic version of the magazine were produced throughout the period. The EDGE Editorial Board now has five members and although there are some guest editors, most of the work falls on their shoulders.
Sub-group activities
Friends of Chelsea Park (FoCP): With the help of funds from the Annie Frances Memorial Foundation, some extra funds from NENG and local fundraising, notably by local Brownies, the Parks and Countryside Sector at Sheffield City Council have been able to work with the Friends of Chelsea Park to make improvements to the playground. The playground now has two sets of new swings, a refurbished camel, and a more colourful roundabout. Some improvements have been made to the climbing apparatus and, most importantly, both areas of the playground have been resurfaced. A definite improvement on muddy puddles. The final piece was the introduction of some “Talking Flowers”. So all the work has been completed much sooner than anticipated, which reflects very well on the Friends of Chelsea Park and their excellent relationship with the Council. NENG contributed £1,640 towards the improvement works.
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Nether Edge Neighbourhood Group
Trustees’ annual report For the year ended 31 October 2022
Kenwood Community Growers (KCG) was established as a sub-group within NENG, with the aim of utilising a small, unused part of the grounds of Kenwood Hall Hotel, for local people to grow crops both for their own use and for donation to local food charities. Use of the land and greenhouse, which was previously derelict, has been offered free of charge by the hotel owner on a temporary basis. The growers was given notice to leave the site at the end of 2021. They received grants from the Co-op, which are held in the NENG bank account on a ring fenced basis. The first tranche of £1,343 was paid in March 2021, with a second tranche of £3,663 paid in November 2021. Unfortunately the Growers have been unable to find a new space. With the agreement of the Co-op and remaining Growers committee, the unspent funds have been transferred to foster the development of two new “pocket parks”.
Local History Group : The Group has restarted local history walks that had to be curtailed during Covid lockdowns and also has restarted monthly “drop in” meetings in the Union pub. A new initiative has been bi-monthly talks on local history by guest speakers, held in the Kenwood Hotel. The subjects have been diverse, including the history of Hendersons Relish, the trial of Samuel Holberry and the history of the fork. All were well attended and the entrance fee of £5 covered the costs of room hire.
Affiliate-group activities
Art in Nether Edge : Meetings reverted to monthly face to face get togethers in the Bowling Club. Artwork using frames donated by Kenwood Hotel was auctioned to support the Kenwood Community Growers; this was before the second tranches of funding was received from the Co-op, so it was agreed that the proceeds should go to NENG general funds. A second auction of artwork in May 2022 raised over £1,000 for Ukraine relief charities.
NENG continues to fund floral and Christmas displays in the centre of Nether Edge and support Friends of Brincliffe Edge Wood ; NENG was able to fund the purchase of 50 Buckthorn whips in December 2021 which it is hoped eventually will attract the rare Brimstone butterfly for which the Buckthorn is a food source. Volunteers continue the maintain the Frog Walk “Pocket Park” , which attracts much favourable comment. The Open Gardens event, for which all donations received are given to charity, was held very successfully in June 2022 and June 2023, with nearly £4,000 being raised each year for the various charities supported by the people who open their gardens (handled by the afflilated group).
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Nether Edge Neighbourhood Group
Trustees’ annual report For the year ended 31 October 2022
Donations made
Surpluses raised by the Farmers Markets were a little restricted due to a reduced number of stalls, but this was offset from the November 2022 market through raising the costs of stalls, with no adverse reaction from stall holders. Donations have been made to local charities from both NENG general funds and festival and market surpluses amounting to £8,997 and beneficiaries have been:
| CRUISE | £900 |
|---|---|
| Common Ground (trees) | £500 |
| Manor After School Kids Klu | £50 |
| Mums United | £900 |
| Nether Edge & Sharrow Sustainable Transformation | £547 |
| SAGE (Support Arts Gardening Education) | £700 |
| Sheffield Futures | £700 |
| St Lukes Hospice | £1,000 |
| Project 6 | £1,000 |
| Thalassemia Group | £2,700 |
Future Plans
NENG is now celebrating its 50[th] year and to mark this, various celebrations will be held; planning led by the vice chair is under way. This includes a book to be published in November which will precis the contents of EDGE magazines in the period as well as specific historical information. Plans are well advanced to develop two new pocket parks; a funding application has been made to the Council’s Economic Recovery Funds and some funds from the Kenwood Community Growers can also be utilised as noted above. Plans are also being made for crowdfunding. Many local residents have already offered their services and it is very much intended for the pocket parks to enhance the community spirit in the area.
In support of the objective of improving the environment of the neighbourhood, links have been made with a Nether Edge and Sharrow Sustainable Transformation (NESST), The main objectives of NESST are
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Maintaining and improving the suburban environment in Nether Edge and Sharrow;
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Maintaining and increasing the volume and variety of wildlife habitat in the area;
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Increasing awareness of the special wildlife in our area.
Reserves policy
Before the onset of the Coronavirus, the policy was for NENG to keep approximately 18 months of general overhead costs in reserve to cover the cost of any change to our subscriptions income, any increases to Local Authority charges for the Farmers’ Market or any reduction in income from Local Authority ‘Ward Pot’ funding to support the Festival and continue our services to local group activities while we seek alternative income streams. It is no longer considered that such a high level of reserve is necessary and the Committee has agreed to reduce the minimum reserve target to £10,000. Costs of producing the EDGE magazine have been reduced by c£200 per edition by using cheaper paper, by having an in house graphic designer and change of printer.
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Nether Edge Neighbourhood Group
Trustees’ annual report For the year ended 31 October 2022
Free reserves held at 31 October 2022 were £11,537 The Farmers’ Market is expected to cover its costs, as charitable donations are not agreed until after income has been confirmed, while the Festival Committee budgets to cover its own costs. History Group’s initiatives are generally planned to be selffinancing although they may need temporary support from NENG to get them started.
Restricted funds held at 31 October 2022 were £4,956 for the pocket parks (ex Kenwood Community Growers Co-op grants).
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to small companies subject to the small companies regime within Part 15 of the Companies Act 2006.
27 August 2023
Approved by the Board on ______ and signed on its behalf by:
Ken Lambert Chair and Trustee
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Independent Examiner’s report to the trustees of Nether Edge Neighbourhood Group (“the Company”)
I report to the charity directors on my examination of the accounts of the Company for the year ended 31 October 2022.
Responsibilities and basis of report
As the directors of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to organisations preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S Lightfoot Signed: ____ S Lightfoot (Aug 29, 2023 08:51 GMT+1)
Sarah Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
Date: ____
Aug 29, 2023
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Nether Edge Neighbourhood Group
Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 October 2022
| Note Income from: Subscriptions Advertising income Market income Festival donations Festival income Festival grants History Group Books Community Food Garden donations and grants Friends of Chelsea Park donations General donations Expenditure on: Direct costs Edge magazine Community space costs (eg display boards, planting) Market costs Festival costs History book costs Other history group costs Community Food Garden costs Chelsea Park refurbishment costs Friends of Brincliffe Edge wood costs Donations/grants given Support costs Insurance Printing, postage and stationery Room hire Storage costs Other costs Legal and professional fees Independent examination/Accountancy fee 7 Net income/(expenditure) Transfers between funds 5 Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 6,659 2,081 8,495 - 2,094 - 1,712 - - 95 21,136 6,251 353 1,258 2,368 - 231 - 459 100 8,997 488 30 200 280 255 1,370 474 23,114 (1,978) - (1,978) 13,515 11,537 |
Restricted funds £ - - - - - 769 - 3,665 - - 4,434 - - - 769 - - - 1,181 - - - - - - - - - 1,950 2,484 - 2,484 2,472 4,956 |
Total 2022 £ 6,659 2,081 8,495 - 2,094 769 1,712 3,665 - 95 25,570 6,251 353 1,258 3,137 - 231 - 1,640 100 8,997 488 30 200 280 255 1,370 474 25,064 506 - 506 15,987 16,493 |
Unrestricted funds £ 7,462 418 4,938 590 3,305 - 2,975 - - 247 19,935 5,505 282 341 3,221 1,249 60 - - - 3,500 771 - - 120 417 103 330 15,899 4,036 350 4,386 9,129 13,515 |
Restricted funds £ - - - - - 444 - 1,655 1,696 - 3,795 - 86 - 444 - - 339 515 - - - - - - - - - 1,384 2,411 (350) 2,061 411 2,472 |
Total 2021 £ 7,462 418 4,938 590 3,305 444 2,975 1,655 1,696 247 23,730 5,505 368 341 3,665 1,249 60 339 515 - 3,500 771 - - 120 417 103 330 17,283 6,447 - 6,447 9,540 15,987 |
|---|---|---|---|---|---|---|
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Nether Edge Neighbourhood Group
Balance Sheet
As at 31 October 2022
| Notes Current assets Debtors 2 Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 3 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Total net assets Represented by: Funds of the Charity General funds Designated funds 4 Total unrestricted funds Restricted income funds 5 6 |
Total 2022 £ 975 18,332 19,307 (2,814) 16,493 16,493 - 16,493 11,537 - 11,537 4,956 16,493 |
Total 2021 £ 411 16,634 17,045 (1,058) 15,987 15,987 - 15,987 10,456 3,059 13,515 2,472 15,987 |
|---|---|---|
For the year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.
Approved by the Board of Trustees on ____ and signed on behalf of the board by:27 August 2023
Ken Lambert Chair and Trustee
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Nether Edge Neighbourhood Group
Notes to the accounts For the year ended 31 October 2022
1 Accounting Policies
(a) General
Nether Edge Neighbourhood Group is a charitable company in the United Kingdom limited by guarantee and has no share capital. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.
Nether Edge Neighbourhood Group meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.
(b) Revenue recognition
Income is recognised when the organisation has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income received in advance of an event is deferred until that event takes place.
(c) 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.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
(d) Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
(e) Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
(f) Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Nether Edge Neighbourhood Group
Notes to the accounts - continued For the year ended 31 October 2022
1 Accounting Policies - continued
(g) Funds
Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.
Restricted funds are to be used for specific purposes as laid down by the funder.
(h) Taxation
As a charity, the organisation is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
(i) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
2 Debtors
| Trade debtors Prepayments |
2022 £ 434 541 975 |
2021 £ 90 321 411 |
|---|---|---|
3 Creditors: amounts falling due within one year
| Trade Creditors Accruals Income received in advance |
2022 £ 380 474 1,960 2,814 |
2021 £ - 330 728 1,058 |
|---|---|---|
- 4 Designated funds
| Friends of Chelsea Park | Brought forward £ 3,059 3,059 |
Income £ - - |
Expenditure £ (459) (459) |
Transfers £ (2,600) (2,600) |
Carried forward £ - - |
|---|---|---|---|---|---|
Friends of Chelsea Park is a subgroup set up to support the park. NENG have set aside monies (including a contribution from the festival and market, and the surplus on the sale of calendars) towards refurbishment. Expenditure has been matched against this fund, as the restricted funds raised have been fully utilised. The remaining designated funds are no longer requires, so have been transferred back to general funds.
| Prior year comparison Friends of Chelsea Park |
Brought forward £ 2,000 2,000 |
Income £ - - |
Expenditure £ - - |
Transfers £ 1,059 1,059 |
Carried forward £ 3,059 3,059 |
|---|---|---|---|---|---|
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Nether Edge Neighbourhood Group
Notes to the accounts - continued For the year ended 31 October 2022
5 Restricted funds
| Kenwood Community Growers/Pocket Parks Friends of Chelsea Park Festival grants |
Brought forward £ 1,291 1,181 - 2,472 |
Income £ 3,665 - 769 4,434 |
Expenditure £ - (1,181) (769) (1,950) |
Transfers £ - - - - |
Carried forward £ 4,956 - - 4,956 |
|---|---|---|---|---|---|
Kenwood Community Growers/Pocket Parks
All donations and expenditure for this purpose are shown as a restricted fund.The primary funder has agreed that, as the Growers have been unable to fina an alternative site for communal growing, despite strenous efforts, this fund can be spent on pocket parks.
| Prior year comparison Kenwood Community Growers Friends of Chelsea Park Festival grants Analysis of net assets between funds Current assets Creditors: amounts falling due within one year Prior year comparison Current assets Creditors: amounts falling due within one year |
Brought forward £ 411 - - 411 |
Income £ 1,655 1,696 444 3,795 General Funds £ 14,351 (2,814) 11,537 General Funds £ 11,514 (1,058) 10,456 |
Expenditure £ (425) (515) (444) (1,384) Designated Funds £ - - - Designated Funds £ 3,059 - 3,059 |
Transfers £ (350) - - (350) Restricted Funds £ 4,956 - 4,956 Restricted Funds £ 2,472 - 2,472 |
Carried forward £ 1,291 1,181 - 2,472 Total 2022 £ 19,307 (2,814) 16,493 Total 2021 £ 17,045 (1,058) 15,987 |
|---|---|---|---|---|---|
6 Analysis of net assets between funds
7 Independent examiner's fees
| Independent examination fee | 2022 £ 474 |
|---|---|
There were no other fees payable to the independent examiner's organisation. (The 2021 fee relates to accountancy services of the previous accountant).
8 Trustees remuneration, benefits and expenses
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
9 Related Party Transactions
There were no related party transactions during the year.
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