Company retsration number: 07414080 Charity re￿atIon number: 1139239 Nether Edge Ne•bouthood Group ANNUAL REpoirr AND UNAUDrrED FINANCIAL sfATEMENrs For the 17 period ended 31 Marth 2024 Nether Edge Neighbourhood Group Legal and administrative information Trustees, annual ￿port Independent examlnerf5 report ststement of finandal artivlties Balance sheet Notes to the accounts 10-12 Nether Edge Neithbourhood Group Legal and administratlb* Inf￿TratIon For the 17 month perfod ended 31 Marth 2024 Trustees Ken Lambert Howard Fry Rithard Taylor Marion Gerso Chair Committee Secretary Company Secrelary Ken Lambert Registered office 32 Thornsett Road Sheffield S7 INB Accountsnts Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH Tru#ed annual report For the 17 month period ended 31 March 2024 The trustees are pleased to present their annual dirertorf ￿port tO8ether 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. ￿port and accounts for Companies Att purposes. The finanaal statements comply with the Chartties Art 2011. the Companies Act 2006, the Memorandum and Articles of Association, and the tharities Statement of Recommended Practi (applicable to charities preparing their accounts in accordan￿ with the Financial Rewtbng Standard applicable in the UK and Republic of Ireland. FRS 102) issued in October 2019. Stnirture. governance and managemert Nether Edge Neighl￿UrhQod Group (NENG) was incorporated on 20 Ottober 2010 and is governed by its Memorandum and Artides of AS￿￿lation. 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 tharity on l December 2010. The NENG management committee has seventeen members and has continued to meet on a six weekly bas"Is. Although several commfttee members left for varfous reasons during and after the accounting period. they have been replaced by new members. Obiertives and athitie5 The objects of the Company ('the Objects,) are to improve the conflitions of life especialty of those living or working in the areas of Brincliffe. Nether Edge and Sharrow in Sheffield. without distinction of sex or ra￿ or of political, religious or other opinions, by association with the local authorities. voluntary organisations and residents in a common effort to athIan￿ 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: run a local Farmers Market four times a year, with surpluses from the stall fees going to local charitie5' run an annual Neighbourhood Festival, again with any profits going to fvnd future festNals and any surplus going to local charities; publish 10 editions a year of the neighbourhood magazine "EDGE". thi5 js funded by subscriptions and advertising revenue; support "sub group< of NENG through a Memorandum of Understanding:" Friends of Chelsea Park. the History Group. Friends of Brincliffe Edge Wood; David pier￿ Pocket Park The Kerwood Community Growers sub group was disbanded when the owner of the plot of land they had been using ceased the agreement at the end of 2021. A new -Safer Road< sub group was established at a meeting held on 19 November 2024. Other group5 are affiliated to and supported by NENG. but unlike the "sub group< there a￿ no financial considerations. These are: the Nether Edge Art Group; Open Gardens; Frog Walk Pocket Park Nether E(*e Neighb￿rt￿d Group Tn￿te￿ annual report For the 17 month period ended 31 Marth 2024 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. The AGM for 2024 was held on 9 July with 40 members attendin& with a similar forniat. Nether Edge Fam*r< Market: Although restrictions due to Covid ceased in 2022. the Market Committee decided to continue with the redU￿d number of stalls, which created a better ambience for visitors. The number of stalls is now approx 58 and around 500 people attend - though it is impossible to count as the Market is held on the (temporarily closed) public highway. The market fosters new. local. start-up businesses {many of whom have progressed to national businesses) as well as established traders and 8rowers / makers. It has meant demand eX￿edS supply for the number of Stslls available. but there have been experiments with stall holders "sharin¢ a stall between them: this has been of particular help to newer stall holders. The market provides a boost to existing local retailers and cafes and is much loved by many across the city. Nether E* Festlval: A Festival was held in September 2023, with Ilve events indoors and outdoors. The opening event wa5 held at Common Ground, with a number of bouncy castles providing entertainment for the young and not so young. The Festival was planned to end with the Party in the Park (Chelsea Park), but unfortunately restrictions imposed by Sheffield Council meant that costs would have been too high and so unfortunately thi5 event had to be can￿lled. The £5LK) Ward po funding from the Council in support of this event was refunded. Starting the planning for the 2024 Festival meant that the Party in the Park did do ahead and was very well attended. EDGE: our 10-monthly neighbourhood magazine (subscriptions cost £10 per annum) is distributed to IIXIO households and businesses in Nether Edge, contalnlng a dlverse ran8e of Inforniative artlcles about the a￿3 as well as a regular "Wh*s On" feature. A local graphic designer and member of the NENG committee has volunteered his services to produo 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 the￿ are some guest editors, most of the work falls on their shoulders. The Editorial Board and helpers from the History Group combined to produce a book celebrating 50 years of NENG. This was sold for £5 for EDGE subscribers and £6 for others. F￿e copies were given to all the volunteers who distribute copies of the EDGE ma8azine to subscribers. From a print run of 7(Kl. just over 500 coples have been sold up to the end of tkcember 2024. Friends of Chekea Park IFOCP): After the successful completion of the playground re￿[bishmeTht and the installation of the Yalking Flower<, activities have wound down. The￿ has been some vandalism and graffiti in the park. which has been cleaned up with the help of the Council. Several of the seats are in a state of disrepair and should be replaced or need thorough cleaning and work has been put in hand to improve the situation. A local business has offered to part fund some of the projected wod(. Frlends of Brindiffe Edge Wood: The Group has continued to meet monthly to help maintain the Wood in conjunction with the Council Ranger Service. 30 buckthorn whips were purchased through NENG and planted in partnership Nether Edge and Sharrow Sustainable Transformation. It is intended that the buckthom shrubs will attract the ra￿ Brimstone butterflies. Nether Edge N•£hb(xU￿ Gro Trusteg amual report For the 17 month period ended 31 March 2024 Lool History Group: The Group has run a number local history walks has restarted monthly "drop in" meetings in the Union pub, where local people are invited to share their experiences. A new initiative has been bi-monthly tslks on local hsstory by guest speakers. held in the Kenwood Hotel. The subjects have been diverse, indudlng the history of Hendersons Relish, the trial of Samuel Holberry and the history of the fork. All were well attended and the entran￿ fee of £5 covered the costs of room hire. David ￿er￿ Pocket Park Gro￿. As a major part of the 2023 celebration of 50 years since the fomtstion of NENG, it was decided to establish a "pocket parv on a piece of unloved waste ground in the centre of Nether Edge near the shops. Crowd funding did raise some funds, but not enough f(r the projected costs. the projert was going to be abandoned and donors refunded when a local resident pledged £lO,(X)O towards the project (the donation was artually made in July 2024 On￿ the work on the pocket park had started In earnest). Further funds came from the Council Ward Pot and from a collection held at the funeral of David Pier￿. a long time stalwart of NENG and chair for several years. The NENG Committee agreed to name the park in his memory. It was decided that we should proceed, and this was greatly helped by Amey (the Council highways contractor) agreeing to remove the tsrmac free of charge and to donate soil. This had been antiopated as the major cost for the project. The tsmiac was removed in August 2024 and the supporting wooden beam walls put in place by a local garden contractor. Initial planting was carried out in September by a large group of volunteers, and fonnal opening was performed on 9 November by the widow of David pier￿ and the local benefactor. The local MP attended and gave a short speech. with two of the local councillors also in attendance. A team of volunteers is in pla￿ to maintain the park in the futu￿, with ongoing Costs for new plantlng. Art In Netlw Eq*e: Meetings are held monthly in the Bowling Club. NENG continues to fund floral and Christmas displays in the centre of Nether Edge. Volunteers continue the maintain the Frog Walk Thcknt Parv. which attracts much favourable comment. The Open Gardens event. for which all donations received are given to charity, was held very successfully in June 2023 and June 2024, with nearty £4,(XX) being raised each year for the various charities sUPW>rted by the people who open their gardens. Nether Edge Neighbourhood Group Trustee￿ annual report For the 17 month period ended 31 Mar¢h 2024 Donations made Surpluses raised by the Farmers Markets had been a Ilttle restriLted due to a reduced number of stalls, but this was oftset 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 market surpluse5 amounting to £13,500 and beneficiaries have been: Roundabout Sheffield Royal Society for the Blind East Street Theatre Sheffield Young Carers Ben's Centre ty of Sanctuary Space to Breathe (refugees) St Wilfred's Cent £8(K) £s(x) £i(M)O £i(XK) £1200 £1200 £1300 Action Epilepsy HARC (Homeless & Rootless at Christmas) Amie's House Joy Bank Golddigger Trust (supporting children in education) Pa￿5 Ifor children & adults with neurological conditions) Archer Lane Allotment Society £i(xx) £1(￿) £12CX) £12(X) £1 A further £l(XJ was transferred to the David Pierce Pocket Park restrirted fund. Future Pla After the activities in 2023 surroundSn8 the 50 anniversary of NENG, apart from corltinuing and consolidatlng exlstlng actlvities, not least malntaining the new pocket park, there wlll be a new focus on safer streets in Nether Edge and Sharrow. There are many problems caused by speedin& double parking so that a new group has been fornied to make representations to the Counal on these issues. The sub group was only formed in November, but has enthusiastic coproved by the Board on 22f and signed on its behalf by: Ten Lambert Trustee Independent Examinerfs report to the trustees of Nether E* Nelghbourhood Group (Ihe Com- panf) I report to the charity directors on my examination of the accounts of the Company for the 17 month period ended 31 March 202 Re5prmsibilities and basis of report As the directors of the Company you are responsible for the preparation of the accounts in accord- ance with the ￿quI￿rnents of the Companies Act 2006 ('the 2￿6 Acy). Having satisfied rn￿lf 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, l ￿port in respect of my examina- tion of your CoMpan￿S accounts as carried out under section 145 of the Charities Att 2011 ('the 2011 ACV). In carying out my examination I have followed the Directions given by the Charity Com- mission under sertion 145{5) (b) of the 2011 Act. INlependent exarn5nerf5 Statement I have completed my examination. I confirm that no matters have come to my attention In connec- tion with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2LK)6 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of settion 396 of the 2CX)6 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 4. the accounts have not been prepared in accordan￿ w5th the methods and principles of the Statement of Recommended prattl￿ for accounting and reporting by tharities applicable to organisations p￿parIng their accounts in accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come acmss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the ac- counts to be reached. Signed: Sarah Llghtfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH Date: 97 Forthe 17 month pttknd ebMllry31 Mayrh 2024 17 mon Unre5trf(ted Restrfded Total Unrastricted fund5 l￿d$ funds 12 Totsl 2023 Sub5(rfptlons A¢fvertIsIr￿ Income Marketincome Festlval donatlons Festlval tsKome Festiwal yants Hlstory GTOUP 8(x*5 Hlstoryf*wTa*s 9.371 9,371 IA62 17201 6.659 1081 659 17201 977 769 Lll2 Lll2 916 916 171X) 2.7LM Pocket park grants General donatknms General book sales (Xhergeneral Inc(Nne 131 1554 160 131 1,554 33,125 321x1 36J25 21.136 4A34 25.570 Edge magazlne Comn¥Jnlty 5pacec05ts legdlsplaylKJ￿ts. planuryl 6,436 6.436 6.251 353 L258 6251 353 2.222 2.199 750 2A47 2222 Festfval costs Hlstory book costs 769 3.137 750 2J47 1.122 )0 231 231 L122 Chetsea Park refurbbshment costs Frlends of 8rlnclSffe E* wood Annlvérsary twk costs Donatlon5lgrants 8lven 900 4S9 100 L181 i(Ki 2,168 ¢997 8,997 In5urarKe Prfntl￿ postage and st*lonery Room hlre 337 425 i.i(x) 425 LIQO n7 280 255 1370 474 71 Lega and wofesslonal fees 1.370 474 570 570 23.114 14479) U•7 lun) IL9781 (i 14SPJ) 144n) 119781 Totsl funds bro￿htf0Tr¥￿d 11,537 4.956 16A93 472 15J87 Total 7.W 14021 11,537 4.956 16093 Ndher E* IW1lx￿r1WJDd Group As * 31 March 2024 Nales 31 Matth 2024 31 October2022 $25 18.276 975 18,332 Cash at bank and In haNI Tolal currnrtassots 07 CredItO￿ amounts fallhy due￿thin 0￿Year (4.?￿) 12.814) 14.021 16,493 Tatsl assets IESS ￿TIEnt Ilabllllles Credit¢r>' W￿unts1aIllng due after nmjre than oneyear Totrl net a55•ts 14W21 16A93 Represented by. Funds ofthe awrKv GeneTrl funds l)eslgnated funds Totsl unrestrlcted fiMKIs Restrlcted hxome funds 6.958 11,537 6.958 7.063 14,021 11.537 4,956 16A95 Forthe year ended 31 Marth 2024 the company wa5 ertltled to exempkn from audit undersection 477 ofthe Companle5 Act 21K)6 relthto small companle The membets have not requlred the companyto obtsln an aKIIt In acc¢rdan¢ewlth sectlon 476 ofthe Companles Art 2(￿. The dlrectoes acknowled8e thelr resp(Thlbllltles for complylTra wlth the requlren*nts of the Art wtth respect to accourt1￿ record5 and for the preparatlon ¢f acc(K￿ts. These accounts have I￿en prepwed In accijrdance wlth the pr￿A$￿n5 apP1kab￿te companlessublecttosmall companles, re8lme. nd s*ffled on behalfofthe l)oarf by. Tnstee NetherEd8e Ne*hbOurfmx￿ (*oup Notesto the accou￿$ Forthe 17 month 31 Marth 2024 (al Generdl Nether Edge Ne￿boUrhO[￿j Group is a tharikble company In the United Klngd(¥m limited by guardntee and ha5 no share Ca￿1. In the event that Ihe ltharity 15 wound vp. the Ilabifrty in respett of thè 8uarantee is limlted to £1 per member of the (knity. The athlre55 of the rylstefftd offte is in the dArity infDmiation On pay l of these financial statemEnts. The finanaal sktemerts hayè been prepared In accordance with the Statement of Recommended Practicv. ￿￿)UnI￿￿ and Rep(Kting by (Jwritie5 pwiarln8 thelr accDurt5 in accoydance the Finanaal Reportin8 Standard applkable in the UK and Republic of Ireland IFRS 1021 Isec¢nd editlonl, the Flnanaal Reporufig StandaTd applicable kn the United Ki￿d0M and Republic of Ireland IFRS1021 and with the Charftles Alt 2011. The finandal slatements have advartllS attached io the item{s) 4Jf kncome have been met. It Is probable that the income wlll bE received and the afflount can be measured rellablv. Inccffie recelved In advan￿ (rfan evènt15 deferred untll that ￿nt tskes place. (c) EXP￿dknrn and Irveto¥•rnbleVAT Exputh15 recrynised once there is a lry41 or Constr￿ ob1lBali￿ to make a payment to a third pHIty. It is Pfobable that srttlement wil be TequtTed and the of the obllgatlon be measured reliably. Irreccwerable VAT 15 tharged a5 a cost a8alnst the athity for whlth the expenditure was incurred. {d) CAsh and rAsh equlvalents Cash and cash eqU￿a￿ts comprlse cash ￿ hand and cal deP￿tt$, and other short40mi hlghly Ilquld Invemnents that are readlly convertlble to a known amount of cash and are subpct toan knslgnlllcant rfsk of thany in Value. le) Trade debt Trade debtors awe amounts due from cust￿ne[S fer ser¥lces performed In the ordinary course of buslness. Trade debtors are recoBlli5ed inttla1￿ at the trartsadion prKe. They are suttsequenily mea5uwed at amortised cost using the effertbN* Interest method, less provision for èmpalrment. A provislon for the impalrment of tTade debtOTS Is establshed when there is objective e¥ldeKe that the company will not be able to collect all amounts due accI￿dIng to the or*inal tern￿ of the recelvables. It) TAde uedltors Tyade credltots are obl*tlons to pay for goods or ser¥lces that have been acqulred in the ordlnary c4)urse of blsiness from supplers. Puounts payatAe are classllled as current Ilabllltles ff the charlty does not have an uncondltlonal Tl8h( at the end off the re1￿ling pemd, to defer settlement of the credit(ff for at least twelve fflonths after the reportlng date. If there is an unc(¥nd1li￿al ri8ht to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilitieL Trade (￿ditOrS are recryni5ed inltially atthe transactlrffi Pri￿ and subsequartty measured at amortised c05t usiry the effetti¥e NetherEd8e NeqhI#￿￿Kh(Nl Group Forthe 17 m(•nth period 31 Marth 21ll4 Lknre5tricted funds are donations and other income receiw4ble CYBer￿rated for the objects rf the organi5atiDn withLWt furtt￿r sF*afied puwpc6e and are available as general funds. Des*nated funds compytse fvnds whith have been set asmle at the disuetion of the trnstee5 fDr specific wrpose& The purposes and use5 ofthe desyated funds aTr set out in the notes to the aCC￿nt Restrirted funds are to be US￿ speciftc purposes as lald down bythe funder. (h) Taxatknn a charlty. the cY8an15atlon Is exempt from ttx on income and gains falUn8 wlthkn the available tax exemptKns to the extent that these are applied to its charitable objert& Notax char8es arisen in thE th4rity. (Q Golry concern The finanaal statements haY•t been prepa￿1 ￿ a 801￿ conteTn b351s a5 the tru5tee5 bellv4e that no matttial unceTtainllES exlst. The trustees ha¥e ronsidered the level of funds held and the experted level of Income and expEndltuTe for 12 months from authofislng these finarK4al statement& The budgeted income and expenditure 15 suffKient wlth the I￿1 of reserrfes for the charity to be able tocontinue as a Boin8 ojncern. 2 1)ebtors Trade debtors Prepayments 59 541 $25 975 J Credltots: am¢xmts lalllry due wlthln oneJ*ar 2023 Trade Qedttors Accrna15 Grants poyable Income received in advance i%io 570 474 Thwe were no de51Bnated fund5 thls year. Caffled Aonvord Income Expendtture Trnn5Ie￿ fvrvA7rd Friend5 of Chelsea Park (459) 459 li Nether Ed8e Nelghbouthtsod Group F&Ythe17 month endl1¥ 31 Marth 2024 grouiht P4rk5 3200 11.193) Ir 7ffi3 193 The tyansfer refiocts the £l(M) donated from the March market5urplu Brought Camed Aonvord Income Expendtture fmn*rs fvnvanl Kemvoodcommunky Gmwtts/Packrt Pa Friends of Chelsea Pa Festi￿lgrQTrts 291 4356 ILI8IJ 69) 950 956 KaNvoodCommuntty Gro￿￿et Pa All donations and eXpendi￿re for thls purpose are shown as a restrltted fur￿.The primary funder has ayeed thaL as the 6rowws have Iwn yn•ble to Ilnd an alternatlw stte for communal 8rowln& deS￿e strenOUS efforts, thls fund can be spent on pocket pa￿* Anawof net a5*ts betsvean lunds Fund5 Fur￿5 Fund5 11,738 14.7&)1 7fft 18.801 {4,7801 Creditors: amounts falllrvd due wtthln yelr 14 Totol 2023 Fun4F Funds Funds Cu￿ent 05sets Credtt￿" amountsfalling due within one 14,351 11814) 4956 19,30T (Z814) li 493 IndÈp•xlÈrtex•mlnerfs f 2023 Independent examination fee 570 474 Ottv fw paid tothe independent examinees ty8arwsation: 270 The tharty trustee5 not paid or received any other beneffts from emthmerrt with the tharity in the year12022: £nHI nelther were they ￿￿bu￿e0 e￿enSeS durtr% the year (2022: £nd). No charlty tn￿ re￿1Ve￿ payment for wofesslonal or r services Suppl￿ to the charity {2022: £nill. There were no relatvj party tran5action5 duTinB the year.