Charlty Registration No. 1139561 Company Registration No. 07395235 (England and Wales) NOThINGHAM FOREST COMMUNITY TRUST TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
NOThINGHAM FOREST COMMUNITYTRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Judith Lyons- chair Jayne Mayled Nichola5 Randall K.C. Iqbal Sanghera Hugh White Jamie Whysall Chief exe¢utlve Calum Osborne Secretary Nicola Andrews Patrons Sir John Peace John McGovern Sir David Greenaway Charity number 1139561 Company number 07395235 Registered and principal office The City Ground Pavilion Road West Bfidgford Nottingham NG2 5FJ Auditor UHY Hackeryoung 14 Park Row Nottingham NGI 6GR Bankers Natwest Bank plc 148-149 Victoria Centre Nottingham NGI 3QT Solicitors Browne Jacobson LLP Mowbray House Castle Meadow Road Nottingham NG2 IBJ
NOThINGHAM FOREST COMMUNITY TRUST CONTENTS Page Trustees, report Statement of trustee5' responsibilities Independent auditorfs report 9-12 Slatemenl of financial artivities 13 Balance Sheet 14 Statement of cash flows 15 Note5 to the accounts 16-30
NOThINGHAM FOREST COMMUNITY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees are pleased to present their report and accounts for the year ended 31 December 2023. The accounts have been prepared in accordance with the accounti policies set out in note I to the accounts and comply with the chariW5 memorandum and articles of association, the Charities Act 2011, the Companies Act 2011, the second edition of the Charities Statement of Recommended Practice issued in October 2019. and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. Structure, governance and mana8ement The charity is a company limited byguarantee. incorporated on 4th October 2010 and registered as a charity on 29th December 2010. The trustees, who are also the directors for the purpose of company law, who served during the year and since the year end were= Karen Frankland IresiEned 31 December 20231 Oonagh Turnbull (resigned 4 June 20241 Nichola5 Randall K.C. Alison Hands (resigned 15 December 20231 Judith Lyons Iqbal Sanghera Jayne Mayled lappointed 7 November 20231 Hugh White lappointed 7 November 20231 Jamie Whysall (appointed 7 November 20231 The trustees would like to extend their gratitude for the support and guidance that has been provided by the outgoing trustees. None of the trustees have any beneficial interest in the company. All trustees are members of the company and guarantee to contribute £10 each in the event of a winding up. In accordance with the articles of association Judith Lyon and Iqbal Sanghera retire by rotation and offer themselves for reappointment. The charit(s articles of a550ciation require that 3 twstee appointed by a resolution of the other trustees must retire at the next annual general meeting. In addition, at every annual general meeting one third of the trustees, or the number nearest to one third, must retire from office. The trustees to retire by rotation are those who have been longest in office since their last appointment. Trustees are given an appropriate level of induction and training. This is dependent on the individual's requirements and knowledge of the chariws activities. All trustees are reminded of their statutory obligations and given appropriate guidance and trainlng on their responsibilities as trustee5.
NOThINGHAM FOREST COMMUNITYTRUST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees have the objective of seeking to develop a board with appropriate skills, experience and diversity representative of the issues and areas in which the charity operates. Any such changes to the board will continue over time but all appointments will be based on merit. As part of theii regular review of the board's skills and experience, the trustee5 appoint a number of advisor5 to the board. Board advisors bring distinctive knowledge on different aspects of the charity's operations to complement the existing trustees. Board advisor5 are not trustees and have no responsibilities as such. During the period the following have served as board advisors.. ecialist area Health Equality. diversity and inclusion Finance Sir David Nicholson Jason Lee Colin Morrell The charity is privileged to be supported by a number of patrons. Patrons add prestige and lend credibility to an organisation and the board would like to place on record their appreciation of the support they receive from our current patrons= Sir John Peace Sir David Greenaway John MtGovem The b03rd meets five times a year. During 2023 the finance committee met bi-monthly to consider the management accounts and the remuneration committee met once to review the staff pay and conditions and to ensure that all salaries are fair, benchmarked and proportionate with the complexity of each role. The Trust also has a Governance. Compliance and People committee and an Innovation. Impact. Equality. Oiversity and Inclusion committee which ensure the Trust is continually looking at ways of making a greater impact in the communitie5 where we work and developing new ideas in line with the charity's objectives that make a lasting impact and create long term value. The board approves the membership of and terms of reference for all committees. The chief executive has delegated authoiity over operational matters and the terms of delegalion are reviewed and approved annually by trustees. Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. The trustees have developed a comprehensive business risk register which is reviewed at least quarterly. The trvstees are satisfied that systems are in place to mitigate exposure to the major risks.
NOThINGHAM FORESTCOMMUNITYTRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOED 31 DECEMBER 2023 External risks to funding have led to the development of a strategic plan which will allow for diversification of funding and activitie5. Internal risks are minimi5ed by the implementation of procedures for authorisation of all transactions and project5 and to ensure consistent quality of delivery for all operational aspects of the charitable company. Given the nature of the charitrfs activities, including working with many young people. great emphasis is placed on the quality of the charitys recruitment, employment. trainin& health and safety and safeguarding policies and procedures. One of the trustees has specific responsibility for overseeing the charitW5 safeguarding policy and procedure5 and reports to the board at every meeting. These procedures are periodically reviewed to ensure that they meet the need5 of the charity. Nottingham Forest Community Trust has now mapped its governance processes against the Charity Governance Code- and is using the Code to support continuous improvement. The Trust measures its progress against the Code by using the seven principles included within the Code to inform the work of the Board. Key management personnel remuneration The trustees consider key management personnel to consist of the board of trustees, the chief executive and senior management personnel who report to the board of trustees. All trustees give their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in notes 8 and 15 to the accounts. Trustees are required to disc105e all relevant interests and register them with the chief executive and in accordance with the Trust's policy withdraw from decisions wheTe a conflict of interest arises. The pay of the senior management personnel is reviewed annually and normally increased in accordance with average earnings and set at market rates. remuneration is also bench-marked with charitie5 of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Objertives and activities Nottingham Forest Community Trust delivers high quality football, physical activity and education programmes to people of all ages and abilities in Nottingham and across the county. Other charitable services may be delivered at the absolute discretion of the trustees a5 they see fit. The charity's main objectives and artivities are: Improving levels of health, fitness and wellbeing. Developing recreational and competitive football opportunities at all levels. Engaging people from all communities and backgrounds in socially inclusive activity. Driving up the participation in sport and physical activity. Improving academic attainment.
NOThINGHAM FOREST COMMUNITY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements In the past year. Nottingham Forest Community TfLlSt has continLsed its vital work and expanded its impact, making 2023 one of our most fulFillin8 years. The Trust has adeplly carrie(l out it5 mission through strategic partnerships across the city and county. engaging Wlth public, private. and third-sector organizations to drive real change. These collaborative efforts are designed to leverage ihe unique strength5 of each sector, enhancing the scope and effectiveness of our community initiatives. It's always challenging to highlight specific achievements without overshadowing others, as every aspect of the Trust's work is crucial. Nevertheless. the impressive results achieved this year underscore the substantial impact of our joint efforts.. 19,460 porticiponts engoged in the Holiduy Food Progromme 84.OCQ meals provided os port of the Holidoy Food Progromme 194 ormedfvrces veterans engoged in regulor sociol ond phy5icoI octivities. 4.400 hours of operotion ot the Forestsports Zone FootbollAocility- 58 Tricky to Tolk mental heolth sessions delivered. 1.119 children porticipoted in officiol Forestsoccer School cooching sessions. 6.106 Primory School pupils erjguged in the Premier Leogue Primorystors programme. 119 teochers supported in the clossroom ond during PE lessons. 690 hours of post 16 eductstion leurning delivered. 50 young people engaged infvll time post 16 8TECprogmmmes. 2,700 hours work experierjce offered to young people. 1,500 complimentGry Nottingham Forest motch tickets distributed to locolfom1l5. 4,500 Nottinghom Forest huts. gloves andsnoods distributed to lo¢ulAomilie5. 312 youth outreoch sessions delivered in Nottinghom City Centre. Nottinghom Forest Community Trust 5toff delivered380 hours of volunteering ot NHS voccinotion centres. These initiatives not only support local communitie5 but 3150 enhance the reputation of Nottingham Forest as a club deeply embedded in rts local communities. They reflect the commitment to being more than just a football club, but a comrnunity dedicated to makin8 a POSltive difference to ihose in need. Looking ahead, the Trust IS Set to bulld on our successe5 and continue to support more individuals and communities in need. The board is excited about the potential to deepen our impact in the future, fostering an environment where community and club grow tO8ether. The Trust approaches the future wrth excitement and optimism, confident that we can achieve even greater things.
NOThINGHAM FOREST COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Public benefit statement The activities that the charity has undertaken to further its charitable purposes for the public benefit are stated within the objectives and activities of the charity. The trustees consider that they have complied with their dutie5 under section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission. Financial review The highlights of the year were as follows". The charity made an overall surplus of £134.661 {2022= £18,110) Our total income for theyearwas £2.060,95012022'. £2.312,674}. The Forest Sports Zone recorded income in the year of £259,49312022: £253.0741 Our education programmes increased in the yearwith the growth of the Prernier League Inspires programme and strong participation again in our Premier League Primary Stars offer. The five-year Think Big, programme in partnership with Ideagen, which connects voung people to the world of technology and the benefits of a career in technology, has continued successfully. Our BTEC and Foundation degree programmes had a stable year, and delivery has continued on the Multiply ladult numeracy) programme. There has once again been a very positive relationship with Nottingham Forest Football Club, and we were verygrateful for the generous donation5 and support in the year. Our Health income stream 15 lower this year due to a lower Holiday Activity Fund IHAFI programme from Nottingham City Council. However. City and County HAF programmes continued to allow u5 to deliver a wide range of physical and creative activities along with the provision of healthy food for children and young people during school holiday periods. aimed at supporting those families who are in the greatest need. We are also very pleased to have launched a new Healthy Communitie5 programme which is a comprehensive health and wellbeing programme that encompasses interventions for both physical and mental health. The pro8ramme involves collaboration between various practitioners and partners from different sectors across the City and County. This diversifies our health offering and has attracted further fundin8 into 2024. Our inclusion programmes increased in the year with a new Forest Futures programme, mentoring programme which supports children and young people to reduce rlsk factors associated with violent crime. and our Kicks programmes which provide free football session5 and form part of a wider intention to offer young people opportunities in the area. raising their aspiration5 and pride for their surroundings. Participant funded programmes grew in the year with hiEh attendance at Nottingham Forest Official Soccer Schools. The average headcount increased to 5612022.521 reflecting the growth at the Trust.
NOINGHAm FOREST COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Future Ouilook As we look to the future. our goal is to hame5s our 30 years of experience and successes to deliver even greater impact by supportinB those who need u5 rnOSt_ By strengthening existin8 partnerships nd cultivating new ones across the private, public, and third sectors. we aim to expand our reach and deepen our impact. Our commitment to being accessible and dedicated to our cornmunities is fundamental to achieving our objettives and ensuring our support extends well beyond the realm of football. Our vision remains resolute.. to be a catalyst for positive change in the lives of those who need it most. This vis&on is upheld by our core value5.' acce55ibility, commitment. and progressiveness. and our mission to PTovide unwèvering support to individuals. organisations and comrnunities. We will continue to concentrate on three strategic areas- l. Enhancin8 Health and Wellbeing Promoting physical and mental health through community initiatives and activitv prografflmes. Providing resource5 and 5UPPOrt for mental health and wellness. Creating high qualily spaces and facilities for people to be more actNe and connected. 2. Empoweting through Edutation and Employment Increasing access to high-quality education and training opportunities. Equippin8 intjividuals with the necessary skills for sustainable employrnent. Supporting youth through edvcational programme5 and career guidance. 3. Expanding Community Engagement Broadening the reach of our programmes to encompas5 more areas acT05S Nottinghamshire. Fostering a sense of community through inclusive evenis and activities. Encouraging diversity and shared values through community initiatives. 6y focusing on these core areas, we are confident in our ability to create 3 lasting posittve impact. Nottingham Forest Community Trust is unwavering in its commitment to supportlng those in need, and we are dedicated to making a meaningful difference. Reserves policy It is the policy of the charity that unrestricted funds. which have not been designated for a Specific use, should be maintained at a level equivalent to a half of annual recurring expenditure. The trustees consider that re5erve5 at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is also given to ways in which additional funds can be raised. Unrestricted funds per note 16 at 31 December 2023 are £620.171 and our estimate of 6 months recurring
NOINGHAm FOREST COMMUNITY TRUST TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 expenditure is £614,362. The board are pleased to report that the charity maintained its minimum level of reserves throughout 2023. There is £352,065 in a designated fund to expand areas within the charity including additional governance roles. investment in facilities. leveraging external investment opportunities and marketing. When setting the reserves policy for unrestricted funds the trustees are mindful of the fact that some restrirted artivities require the use of unrestricted funds in the short term. Funding for restricted activities is sometimes received after the activity has been completed and expenditure will initially have been met from unrestricted funds. Asset cover for funds Note 17 sets out an analysis of the assets attributable to the various funds and a description of the funds is set out in note 1.2. These assets are sufficient to meet the charity's obligations on a fund by fund basis. Disclosuve of Infomiation to auditor Each of the directors hos confirmed that there is no information of which they are aware which 15 relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant inforrnation and to establish that the auditors are aware of such infom)ation. In preparing this report, the directors have taken advantage of the small companies, exemptions provided by section 415A of the Companies Act 2(K)6. Finally, we would like to formally thank all our funders for their continuing 5UPPOrt and our staff for their dedication and hard work during the year. roved by the Board of Trustees and signed on its behalf by vons, rustee and chair Dated- 23 July 2024
NOTTINGHAM FORESTCOMMUNITY TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees Iwho are also directors of Nottingham Forest Community Trust for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for eoch financial year, which give a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable cofflpany for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2015 IFRS 1021- make judgements and accounLing estimates that are reasonable and Prudent,. state whether applicable UK Accounting Standards have been followed, subject to any materi31 departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charilable company and enable them to ensure that the financial statements comply with the Companies Act 26. 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. Statement of disclosure to our auditors In so far as the trustees are aware at the time of approving our trustees, annual report-. there is no relevanl audit information of which the charitable company's auditor is unaware,. and Ihe trustees have taken all steps that they ought to have taken to make themselves aw3re of any relevant audit information and to establish that the auditor is aware of that information.
Hackeryoung INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOTTINGHAM FORESTCOMMUNITYTRUST We have audited the financial statements of Nottingham Forest Community Trust (the 'charitable companw) for the year ended 31 December 2023 which comprise the Statement of Financial Artivities including Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including o summary of significant accounting policies. The financial reportingframework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable compan(s affairs as at 31 December 2023. and of its incoming resources and application of resources. including its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2011. Basis for opinion We condurted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our resF)onsibilitie5 under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements. we have concluded that the trustees. use of the going concern ba515 of accounting in the preparation of the financial statement is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charitable companws ability to continue as a going concern for a period of at least twelve month5 from when the financial statements are authorised for issue. Our responsibilities and the responsibiltties of the trustees with respect to going concern are described in the relevant sections of this report.
Hackeryoung LIHY HackEf you9 ILP INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF NOINGHAm FOREST COMMUNITY TRUST (CONTINUED) Other inforrnation The trustees are responsible for the other information. The other information comprises the information included in the trustees, annual report. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connettion with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other inforn)ation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is 3 material mi55tatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this re8ard. Opinion on other matters prescribed by the Companies Art 2006 In our opinion based on the work undertaken in the course of the audit: the information given in the Trustees. Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees Annual Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Annual Report. We have nothin8 to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. in our opinion- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not Vistted by us: or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees. remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or io
Hackeryoung VNY 4xk*i Youn9 IlP 6th INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOThINGHAM FOREST COMMUNITYTRUST (CONTINUED) the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the directorg report and take advantage of the small companies exemption from the requirement to prepare a strategic report. Responsibilities of trustees A5 explained more fully in the Trustees. Responsibilities Statement Set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satlsfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the Boing concern basis of accounting unless the director5 either intend to liquidate the company or to cease operations. or have no realistic alternative but to do so. Auditorfs responsibllltles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the a88re8ate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial 5tatement5 Irre8ularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detert material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: Based on our understandin8 of the charitable company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company. which were contrary to applicable laws and regulations Including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2(M)6. We evaluated management's incentives and opportunities for fraudulent manipulation of the li
Hackeryoung UHY H•¢kei Ypun9 lip INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOTTINGHAM FOREST COMMUNITY TRUST {CONTINUED) financial statements (including the risk of override of controls) and determined that the principal risks were related to completeness of revenue and the charitable compan¢s net income for the year. Audit procedures performed included: review of the financial statement disclosures to underlying supporting documentation. review of correspondence with and reports to the regulators, includin8 correspondence with the Charity Commission, review of trustee meeting minutes, enquiries of management. tracing income and expenditure to supporting documentation. and testing of journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent limitations in the audrt procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resultingfrom error, as fraud may involve deliberate concealment by. forexample, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: hiipjlhvww.fic.0rg.uklaudilsrespOn5ibil1II¢$. This description forms part of our auditorfs report. Use of our report This report is made solelyto the charitable companrfs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companvs members those matters we are required to state to them in an auditorfs report and for no other purpose. Tothe fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companvs members as a body, for our audit work. for this report. or for the opinions we have formed. Chris McKain1Senior Statutory Auditor) For and on behalf of UHY Hacker Young LLP 12 Au8USt 2024 12
NorfiNGHAM FOREST COMMUNITY TRUST STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 31 DECEMBER 2023 Unrestrirted Restricted funds funds Total 2023 Total 2022 Notes Incomin resources from enerated funds Donations and legacies Charitable activities Investment income Other income Total incoming resources 85,470 85,470 78,811 815,381 1,131.535 1.946,916 2.215,077 11,202 11,202 6,291 17,362 17,362 12,495 929.415 1.131,535 2.060,950 2.312,674 Resources ex ended Charitable artivities Attivities within the community Support costs Total resources expended 752,818 1.088,794 1.841,612 2,202.030 30.732 53,945 84,677 92,534 783,550 1,142.739 1,926,Z89 2,294.564 Net (deficitl/surplus for the year before transfers Transfers between funds Net (deficit)1surplus for the year 145,865 111,204) 134.661 18.110 16 (12,5151 133,350 12,515 1.311 134.661 18.110 Net movement in funds Fund balances at l January 2023 Fund balances at 31 December 2023 838.8TI 30,130 869.CM)7 850,897 972.227 31.441 1,003,668 869,007 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2CY)6. 13
NOThINGHAM FORESTCOMMUNITY TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed asset5 Tangible assets io 8.590 11,258 Current assets Debtors Cash at bank and in hand li 186,006 1,647.962 1,833,968 295,090 1,246,297 1,541,387 Creditors.. amounts falling due within one year 12 (540,9201 1433,1881 Net current assets 1,293,048 1.108,199 Total assets less current 1,301,638 1,119,457 Provisions for liabilities 14 1297.970) 1250.4501 Net assets 1,003.668 869,007 Income funds Unrestricted funds Restricted funds 16 16 972.227 31,441 1.003.668 838,877 30,130 869,007 The financial 5tatement5 have been prepared accordance with the special provisions relating to companies subject to the small companies. regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard 102 leffective January 20151. The notes on pages 16 to 30 form part of the financial statements. The accounts were approved and 3uthorise or isssje by t e board on 23 July 2024. J Lyons Trustee and c I Sanghera Trustee Company Registration No. 07395235 14
NOThINGHAM FOREST COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 DECEMBER 2023 Notes 2023 2022 Cash flows from operating activities 19 392,573 234,313 Cash flows from investing artivities Payments to acquire tangible fixed assets Interest received {2,110) 11,202 17,8761 6.291 Net cash flow5 from Investlng artlvltles 9.092 11,5851 Net Increase In cash and cash equivalents 401.665 232,728 Cash and cash equivalents bought forward Cash and cash equivalents carried forward 1,246,297 1,013,569 1.647.962 1,246,297 Cash and cash equlvalents conslsts of: Cash at bank and in hand Short term deposits Cash and ¢ash equlvalents at 31 December 1.018.483 883,000 629,479 363,297 1,647,962 1,246,297 15
NOThINGHAM FORESTCOMMUNITY TRUST NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. Accounting policies 1.1. General information and basis of preparation Nottingham Forest Community Trust is a charitable company limited by guarantee registered In England & Wale5. The address of the reElStered off ice 15 given in the legal and administrative information in these financial statements. The nature of the charity's operations and principal activities are to deliver high quality football, physical activity and education programmes to people of all ages and abilities in Nottingham and across the county. The charity constitutes a public benefit entity as ijefined by FRS 102. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recofflmended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements are prepared on a going concern basis under the historical Cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 1.2. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 16
NOThINGHAM FORESTCOMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 1.2. Funds (continued) Designated fund5 comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which a to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the note5 to the financial statements. 1.3. Income recognition Items of income are recognised and included in the accounts when all of the following criteria are met: The charity has entitlement to the funds,. any performance condition5 attached to the itemlsl of income have been met or are fully within the control of the charity: there is sufficient certainty that receipt of the income is considered probable: and the amount can be measured reliably. Incoming resour5 accounted for on an accruals basis and shown in the Statement of Financial Activities represent amount5 receivable in relation to grant funding, donations. education programmes. coaching fees and facility hire. Grants receivable in respect of capital expenditure are credited to capital funds and amortised through the statement of financial activities over the expected useful economic lives of the relevant assets. Grants of a revenue nature are credited to income in the year for which they are receivable, provided that the obligations under the grant agreement have been fulfilled. Where income is received in advance of performance. its recognition is deferred and included in creditors until the contract is perfomied. 17
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 1.4. Expenditure All expenditure is accounted for on the accrua15 basis. In particular. the costs of charitable activities represent all costs of the charity less those apportioned to support costs. Costs are apportioned to projects based on time allocation or income. Support costs include the costs of governance arrangements which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, service delivery and project work. 1.5. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at annual rates calculated to write off the cost less estimated residual value of each asset over its expected vseful life. as follows= Office Equipment 10% - 25% straight line 1.6. Donated services The charity does not include donated services and facilities in the statement of financial activities a5 the charity is unable to reasonably quantify or measure the value of these services. 1.7. Operating leases Rentals undei operating leases are charged to the statement of financial activities on a straight line basi5 over the lease term. 1.8. Taxation Taxation has not been provided on the surplus for the year on the grounds that Part 11 of the Corporation Tax Act 2010 applies (tax exemption for charitable companie51. 8v virtue of the same section, income tax deducted from investment income received has been treated as recoverable. 1.9. Employee benefrts The charity operates a defined contribution plan for the benefit of it5 employees. Contributions are expensed as they become payable. 18
NOThINGHAM FOREST COMMUNITYTRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2. Income from donations and legacies 2023 2022 Donation from Nottingham Forest Football Club Other donations 68.405 17,065 85,470 67,190 11,621 78,811 Total £85.47012022: £78,811) of the above income wa5 attributable to unrestricted funds. 3. Income from tharftable actlvities Included within income relating to attNities within the community are the following= 2023 2022 Participant funded football programmes Education programmes Inclusion programmes Football development programmes Health programmes Facility hire 69.154 63,850 640.041 526.696 384,262 365,407 109.860 50,2 484,106 955,850 259.493 253,074 1,946.916 2,215,077 Income from charitable activities was £1.946.91612022: £2,215,077) of which £1.131.535 12022: £1,507,2(Kll was attributable to restricted funds and £815,381 {2022.' £707.8771 was attributable to unrestricted funds. 4. Investment Income and other income 2023 2022 Investment income Interest receivable Other income Vending machine sales 11,202 6,291 17,362 17,362 12,495 12.495 £17,36212022- £12.4951 of the above income was attributable to unrestricted funds. 19
NorriNGHAM FORESTCOMMUNITYTRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 S. Total resources expended Staff costs Other costs Total 2023 Total 2022 Charitable activities Activities undertaken directly Note 9 Notes 6,7 1,093,002 748,610 1.841.612 2,202,030 Support costs 84.677 84.677 92,534 833.287 1,926,289 2,294.564 1,093.OOZ £1,142.73912022-. £1.513,2961 of the above cost5 were attributable to restricted funds. £783,55012022.' £781,268) of the above costs were attributable to unrestricted funds. Auditoes remuneration 2023 2022 Fees payable to the auditor for the audit of the charitrfs annual accounts 8.283 6,863 6. Activities undertaken directty 2023 2022 Other costs relating to activities within the community comprise.. Rental of facilities Third party delivery staff Kit & equipment Participant events Food provision Administrative costs Marketing costs Travel costs Depreciation Utility Costs Vending machine costs Replacement of artificial pitch surface Maintenance costs 30,317 242.587 70,047 19.015 61.025 30.227 75.035 33,754 4.778 54,332 13.634 47,520 66.339 49,710 390.839 89,280 9,694 290,949 32,541 109,009 28,506 6.278 39,115 12.052 47,520 47.448 748.610 1,152,941 £453,711 12022.. £73S.343} of the above costs were attributable to restricted funds. £294,89912022: £417.5981 of the above c05t5 were attributable to unrestricted funds. 20
NOThINGHAM FORESTCOMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 7. Support costs 2023 2022 Other support Costs comprise: Training Legal and professional fees Accountancy fees Audit fees Finance charges Sundries 10,628 27,022 27,025 8,283 5,281 6,438 84.677 7.936 39,521 29.270 6,863 4,087 4.857 92.534 £53,94512022: £71.7141 of the above costs were attributable to restricted funds. £30,732 12022.. £20,820) of the above costs were attributable to unrestricted funds. 8. Trustees. aTbd key management personnel remuneration and expenses Key management The total amount of employee benefits received by key management personnel is £248,997 12022: £297,857). The Trust considers its key management personnel comprise the Chief Executive Officer. the Chief Operating Officer. the Head of Operations and People. the Head of Finance, Head of Marketing and Communications. Head of Education, Training and Employment and the Safeguarding Manager. Trustees, remuneration, benefits and reimbursed expenses During the year, none of the Trustees received any remuneration, benefits in kind or were reimbursed any expenses. 21
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 9. Employment costs Z023 2022 Wages and salaries Social Security costs Defined contribution pension cosls 994.968 76,692 21,342 1,093,002 955,958 74,414 18,717 1,049,089 There was one employee whose annual remuneration fell within the £70,001-£80,000 band. In 2022, there was one employee whose annu31 remuneration fell within the £80,001-£90,0(K) band and one employee whose annual remuneration fell within the £60,001-£70.OCK) band. The average number of employee5 during the year was 5612022= 521. 10. Tangible fixed assets Office equipment Total Cost At l January 2023 Additions Disposals At 31 December 2023 30,677 2.110 (900) 31.887 30,677 2,110 19001 31,887 Depreciation At l January 2023 Charge for the period Disposals At 31 December 2023 19,419 4.778 19001 23,297 19,419 4.778 19001 23,297 Net book value At 31 December 2023 8,590 8,590 At 31 December 2022 11.258 11.258 22
NOThINGHAM FORESTCOMMUNITYTRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11. Debtors 2023 2022 Trade debtors Accrued income Other debtors 1,086 179.264 5,656 186,006 38,638 250.490 5.962 295,090 12. Creditors: amounts falling due wlthln one year 2023 2022 Trade creditors Payroll creditor Accruals Deferred income {note 131 40.263 5.734 74.683 420,240 540.920 16,362 43,154 176,609 197,063 433,188 13. Deferred income As at l Released Deferred A5at31 January Inthe In the December 2023 year vear 2023 Deferred income 197,063 1197.0631 420.240 197,063 1197,0631 420,240 420,420 420,420 Income has been deferred where there are performance-related conditions that have not been met at the balance sheet date. 23
NorriNGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14. Provisions for liabilities As at l Released Charged Asat31 January in the in the December 2023 2023 year year Provision for replacement of artificial pitch surface 250,450 47,520 297,970 Under the management agreement for the operation of the Forest Sports Zone the charity has an obligation to keep the artificial grass pitch surface in good repair over a 21-year period commencing in July 2015. The amount provided is based on the estimated cost of replacing the surface, spread across its life expectancy of approximately 10 years. 15. Related parties The trustees consider that Nottingham Forest Football Club Ltd 1.the football club") is a related party of the charity by virtue of its significant influence. The charity receives significant financial support from the football club along with extensive operational resources and access to facilities at the City Ground Stadium at no cost to the charity. The club allow the charity Use of the Nottingham Forest brand and presence on the official club webslte. The charity delivers major community engagement programmes across Nottingham and Nottinghamshire at no cost to the club and create5 a positive profile for the club across professional football nationally, regionally. and locally that leads to partnerships with private. public and third sector organisations helping the Club and Trust deliver their aims and objectives. The trustees feel they are unable to reasonably quantify or measure the value of the Services received or provided, so they have not been recorded in the financial statements. There is a net balance owing from ihe football club at 31 December 2023 of £49,28512022: £39,512). The charity ha5 not provided services to any companie512022'. none) in which trustees have an interest. 24
NOTTINGHAM FORESTCOMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16. Reconclliatlon of funds Reconciliation of funds- current year Unrestricted funds A5atl January 2023 Income Outgoing Transfer5 funds Asat31 December 2023 Unrestricted Designated A 551,792 1758,521) 1102,515) 287,085 {25,0291 90,0 838,877 929,415 1783,5501 112.5151 929.415 620,171 352,056 972,227 Restricted funds A5atl January 2023 Income Outgoing Transfers funds Asat31 December 2023 PL Kicks PL Primary Stars PL Core PL PFA Fund PL Inspires PL Forest Futures PL Healthy Communities Emerging Talent Club Forest Forces Knife Crime Holiday Activity Food Multiply Social Recovery Fund Street Games Broxtowe Kicks Newark & Sherwood PLPS 2.229 100,(M)O 75,OLX) 142.596 10,975 75,OtJ) 73.353 11.781 25,0(M) 17.875 17.5(Ki 459.752 56.769 199,4211 {75,0001 1142,5981 {11.0861 {79.579} {73.311} {11,781) {io,0001 19,8601 130,0151 1459,7521 156,7691 15,1131 4.000 120,OCK)I 14,900 111.4201 47,034 147.0341 30,130 1.131.535 11.142.739) 2,808 {252) 12541 Iiiii 4.579 42 Is,000 8,405 390 12,515 7,184 16.(KM) 2,071 3.480 12.515 31,441 25
NOThINGHAM FORESTCOMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16. Reconciliation of funds Icontinuedl Reconciliation of funds- prior year Unrestricted funds Asatl January 2022 Income Outgoing Transfers funds A5at31 December 2022 Unrestricted Oesignated A 477.970 357,259 835.229 805.474 1711.0941 120.5581 170.1741 {781,2681 {20.5581 551,792 287,085 838,877 805.474 Restricted funds Asatl January 2022 Income Outgoing Transfers fund5 A5at31 December 2022 PL Kicks PL Primary Stars PL Core PL Targeted PL Inspires Regional Talent Club Forest Forces Knife Crime Holiday Activity Food Multiplv Social Recovery Fund street Games 117.860 143,969 54.075 23.627 25,(KK) 16.660 33,625 92.51X) 950,446 18.538 14,9(Kl 16,0 15.668 1.507.200 11.513.296} {115.6311 1143,969} 155,1421 125.9471 120.4211 117.6951 146,2611 1111,5301 1950.4461 118,5381 17.716) 2,229 815 1.827 12521 493 4,579 1,035 13,026 390 19,030 7,184 16.000 30,130 20,558 Fund descrlptlons al Unrestricted funds Unrestricted fund5 represent the free funds of the charity. 26
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16. Reconciliation of funds (continued) bl Designated Funds Designated A has been set-aside by the trustees to be spent on expanding areas within the charity such as additional governance roles. investing in facilities, leveraging external investment opportunities, and marketing. Spend of £25.029 has been incurred during 2023 and a further £90.0(h) has been designated. cl Restricted funds PL Klcks- Premier League Kicks offers children and young people aged 8-18 years of age the opportunity to realise their potential through sport. A wide range of multi-sport activity is delivered including football. table tennis. handball and boxing. PL Primary Star5- Premier League Primary Stars offers primary schools the opportunity to increase the levels and quality of physical education for their pupils, using experienced and qualified community trust coache5 to deliver regular coaching sessions. PL Core Funding - The Premier League Charitable Fund provide annual investment (Core Funding) to support the infrastructure of the Trust in order to deliver programmes that receive funding from the Premier League and that meet its aims and objectives. PL PFA Fund-this funds the Media Coordinator role which helps to develop the relationship between NFCT and the playing departments of Nottingham Forest Football Club, specifically the First Team, Forest Women, Under 23's and academy. PL Inspires - Premier League In5pire5 is an education programme aimed at young people aged between 11-18 years which uses the appeal of the Premier League and professional football clubs to support those who are marginalised or at risk of not reaching their potential. Participants to develop their personal skills and positive attitudes to succeed in life. PL Forest FureS NFCT are working in partnership with the Nottingham and Nottinghamshire Violence Reduction Unit INNVRU) delivering an evidence based mentoring programme which supports children and young people to reduce risk factors associated wlth violent crime. PL Healthy Communities A comprehensive health and wellbeing programme that encompasses interventions for both physical and mental health, collaborating with various practitioners and partners from different sedors across the City and Countv. 27
NOTTINGHAM FOREST COMMUNITYTRUST NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2023 16. Reconciliation of fvnds (continued) cl Restricted funds (continued) Emerging Talent Club NFC[ in collaboration with NFFC offer a sustainable football pathway for girls that offers significantly increased opportunities to play football for the first tirne, enhance the football experience for those girls already playing and offer routes into elite programmes locally and nationallv. Forest Forces Funded by the Armed Fofces Covenant Fund. Forest Forces supports Nottinghamshire's veterans to lead a healthier and more connected life. Knife Crime Funded by the Police and Crime Commissioner, the Knife Crime delivery involves creating a central hub for the delivery of sports activity and workshops which involved young people already in the justice system. The workshops fotussed on the consequences of knife trime, positive mental health. avoiding conflict and building relationships. Holiday A¢tivity Food - The Holiday Activity Food IHAFI programme delivers a wide range of physical and creative activities along with the provision of healthy food for around 3,500 children and young people during school holiday periods. The programme is aimed at supporting those families who are in the greatest need. Multiply - Multiply is funded by Nottingham City Council and delivefs targeted numeracv provision to adults aged 19 year5 and above, up to and including Level 2. The programme's aim is to b005t people's ability to use maths in their daily life at home and work. All workshops are fun, interactive and challenge negative thoughts and e¥periences of maths. Social Recovery- Funded by Newarkand Sherwood Council. this programme supportsolder people, especially those at risk of isolation across Nottinghamshire. The programme offers opportunitie5 for participants to safely take part in physical activity sessions, targeting general health and fitness. along with health walks and mobility exercise5. Street Games This programme uses sport to enhance positive outcome5 for vulnerable Young people, aged 10-17. at risk of involvement in crime. anti-social behaviour and serious violence. Broxtowe Kicks- Providing free football sessions and forming part of a wider intention to offer young people opportunities in the area. raising their aspirations and pride for their surroundings. Working with Antlsocial Behaviour teams, Op Reacher and The Neighbourhood Police team to help reduce crime within the locality. 28
NOThINGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16. Reconciliation of fund5 (continued) cl Restricted funds Icontinuedl Newark & Sherwood PLPS- Supporting local young people to develop ski115. drive social action and improve health and wellbeing through a combination of enhanced physical education provision. engagement in social artion and volunteering projects and educational opportunitie5 surrounding mental health, and healthy lifestyles and eating. PL Targeted - PL Targeted is funding from the Premier League and 15 an intervention designed to work with young people who are identified as being, or at risk of becoming. perpetrators or victims of youth violence. Regional Talent Club The Nottingham Forest Girls Region Tolent Club IRTCI is an enhanced football programme for UIO- U16 female players. It allows female players identified as having elite potential the opportunity to access appropriate levels of coaching and support through the 'FA Girls, England talent pathway. 17. Analysis of net assets between funds Unrestricted Designated Re5trirted funds funds funds Total Tangible fixed assets Cash and cash equivalents other current assets/liabilities Provisions 8.590 1.002.724 193.1731 1297.9701 620.171 8,590 293,182 1,647,962 1261.7411 1354,914) {297,9701 31,441 1.003,668 352,056 352,056 18. Operating lease arrangements Total future minimum lease payments due under non-cancellable operating leases are as follows: Expiry date: 2023 2022 Within one year Between two and five years 7.817 9,257 1,682 10,939 7.817 29
NorriNGHAM FOREST COMMUNITY TRUST NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 19. Reconciliation of net income l (expenditure) to net tash ftow5 from operating activlties 2023 2022 Net income for year 134.661 18,110 Interest receivable Depreciation of fixed assets Post-employment benefit5 less payments Provisions less payments Ilncreasel I decrease in debtors Increase / Idecreasel in creditors {11.2021 4,778 11,1471 47,520 109,084 108.879 16,2911 6,278 900 47,520 110.6591 178,455 Net cash flow5 from operating activities 392.573 234,313 20. Pensions and other post-retirement benefits The charity operates a defined contribution pension plan for it5 employees. The amount recognised as an expense in the period was £21,342 {2022= £18,717). At the balance Sheet date. the charity had an unpaid defined pension scheme contribution of £5,73412022'. £4,587) In 2023 £7,675 12022-. £3.742} of the defined contribution liability was attributable to restricted funds. In 2023 £13.66712022.. £14,975) of the defined contribution liability was attributable to unrestricted funds. 30