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2022-03-31-accounts

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

Charity Registration No. 1146657

Company Registration No. 07796773 (England and Wales)

NFS MEDIATION LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Michael Joseph Timothy Mynott Joanne Findon Allen Tyler David Walker Daniel Nother Charity number 1146657 Company number 07796773 Chief Executive Officer Stuart Sillett Life President Nicholas McGeorge Chair Daniel Nother Treasurer Timothy Mynott Registered office 12 Palmerston Road Southampton Hampshire SO14 1LL Independent examiner Fiander Tovell Limited Stag Gates House 63/64 The Avenue Southampton Hampshire SO17 1XS Bankers The Co-operative Bank Plc PO Box 250 Skelmersdale WN8 6WT CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Shawbrook Bank Limited Lutea House Warley Hill Business Park The Drive Great Warley Brentwood Essex CM13 3BE

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Objectives and activities

NFS Mediation Limited (“the Charity”) currently provides a range of mediation and restorative services in Southampton, New Forest, East Hampshire, Test Valley, Eastleigh, Basingstoke and Hart, Berkshire, Buckinghamshire, Dorset and Wiltshire. These services are delivered by qualified paid employees and qualified community volunteer mediators and trained restorative practitioners.

For the reporting year ended 31 March 2022 all income from charitable activities came through the external commission of mediation and restorative services that are delivered under the contracts and service level agreements we hold with many different organisations. We have also received income from a small number of ad hoc sales of services. This income supports the continued development of our volunteer and staff team; supports our commitment to provide free services to residents of Southampton, New Forest and Rushmoor areas of the county and to promote mediation and restorative services across Hampshire.

The trustees have given careful consideration to the Charity Commission’s guidance on public benefit. The Charity aims to promote and educate for the public benefit, predominantly but not exclusively in the administration areas of those named above, the provision of restorative services directed towards mediation, conciliation or reconciliation, by:

Achievements and performance

The trustees are pleased to report that, despite ongoing challenges caused by the Covid-19 pandemic, the Charity has performed strongly throughout the reporting period in meeting the objects and purposes of the Charity.

The governance of the Charity remains strong and this year has seen work continue on ensuring our governance policies and procedures are up to date and compliant with the new General Data Protection Regulation (GDPR) and Covid-19 mitigation procedures.

The trustees ensure their skills composition reflect the needs of the Charity to retain the balance between its business and charitable aims. This year saw Mary Newman step down as a trustee and we would like to thank Mary for her hard work and commitment during her tenure.

The trustees continue an absolute commitment to overseeing a safe, well-run, well trained and supported volunteer and staff team focussed on delivering quality mediation and restorative services to as many individuals in our area that need them. This year we have undergone updated awareness training online in domestic abuse, hate crime/incidents, mental health, lone working and cognitive behaviour therapy (CBT) for a number of staff and volunteers to equip our practitioners to manage many of the issues we encounter in our communities. This year we will roll out further training to all our staff and volunteers including Autism awareness and Trauma Informed Approaches.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

As we slowly emerge from the Covid pandemic and learn to live with it, its effect on the Charity remain. Like many organisations we have had to adapt and change how we work and how we deliver our services to our customers. Maintaining the safety and well-being of our staff, volunteers and customers while still being able to deliver quality services to our communities has been the prime focus and achievement of the Charity.

We continue to be innovative and nurture and grow our services and operational reach. Achievements this year include the retention and growth of our Mediation Assessment services to now cover much of Hampshire, IOW and adjoining counties reaching as far west as Devon; in addition to this our piloted initiatives in Hoarding and CBT ASB Coaching services are establishing themselves, producing some excellent results and garnering growing interest across our increasingly wide operating area; We retain CPD accreditation for provision of a number of our training courses; and our restorative hate crime/incident pilot service for Southampton City Council housing services continues.

In partnership with Portsmouth Mediation Service we continue to develop the Solent Restorative Partnership (SRP) to maximise resources and opportunity to further train and develop our local communities and organisations in restorative approaches. We are currently in negotiation with an NHS department to deliver a range of restorative services to staff and patients under a pilot scheme and recently held a Trauma Informed Approach training course for staff of both organisations.

Although it has been another busy and challenging year we continue to consolidate our position and deliver our range of mediation and restorative services to many individuals in a very challenged, competitive and ever changing market place.

We continue to develop and diversify to ensure that the Charity remains robust, flexible and strong.

We are moving ever forward with our successful partnership with Southampton City Council (SCC) for the provision of Mediation Assessment services to the tenants and leaseholders of SCC. Further to this we are pleased to report that we have been successful in winning a new four year contract via open tender to continue the provision of this service until the autumn of 2026.

The success of this longstanding and innovative partnership is testament to the hard work and expertise of our trustees, staff and volunteers allied to the vision and commitment of SCC. SCC Housing Services' continuing focus to deliver expert independent restorative and mediation services to their tenants and leaseholders marks them out as a truly forward looking council and one of the country’s leaders when it comes to their approach to managing anti-social behaviour (ASB) and neighbour disputes.

The partnership work we carry out for the tenants and leaseholders of SCC has been successful for many years. In these times of uncertainty and change within the housing sector this contract offers us the security and platform to continue planning into the future. We are fortunate to be in this position, but are not complacent, and are already looking to broaden and strengthen the number of services we can offer to the Southampton community and the other communities in which we work.

We are regarded as one of the country’s leading provider of mediation assessment and restorative work within the field of housing ASB work, and are SCC Housing Services’ procedural first stage in their ASB policy. This partnership with SCC remains central to the Charity and provides a template for all other housing organisations and local authorities. SCC is an excellent partner, supporting us in our development and vision and, together, we continue to demonstrate how a healthy partnership should work to deliver quality conflict management, mediation and restorative services across more than 17,000 tenancies.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Our key business activity remains the provision of a Mediation Assessment to reduce the harmful effects and reporting of anti-social behaviour across Southampton, Hampshire, areas of Berkshire, Buckinghamshire, West Sussex, Dorset, Wiltshire and the West of England. In an ever changing market place with many of our funding partners merging with one another and undergoing significant restructuring, service retention remains challenging. That we continue to not only hold our own but to expand our skills base and services is testament to our service quality and continued service delivery success. We have provided neighbourhood mediation for individual residents; intergenerational and prevention of homelessness mediation; workplace mediation; CBT hoarding services; community group restorative meetings/conferences and many restorative services for other housing providers.

This year, across the entire service we have successfully dealt with over 721 restorative cases involving 1,503 households and engaged over 2,100 individuals. We have been evaluated by our partners as continuing to maintain a 93% success rate of all cases not returning to the referrer within a six month period.

It should always be remembered that more than two thousand people have been engaged by the Charity and been heard in a difficult and challenging time in the lives of many.

The levels of stress, anxiety, loneliness, isolation, frustration and anger encountered within our communities has risen exponentially during the pandemic and the strain within our communities is still evident as economic pressures also begin to bite.

These lives, which we are privileged to share for a short time, are often not easy lives and living cheek by jowl with their neighbours during various lockdowns has caused a huge number of relationships and communities to fray.

Many individuals suffer a range of mental health, learning and/or developmental difficulties and other vulnerabilities that make life difficult for a significant number of people. Access to informal and formal support networks for many individuals have been severely restricted exacerbating the difficulties faced.

For us to have such an impact and deliver the results we have over such a large geographic area is a significant achievement for a mediation charity of our size. We continue to drive the organisation forward on this success. This is no mean feat as we are working and expanding in a hugely difficult financial climate. This increasingly competitive market has seen the emergence of a growing number of statutory and other agencies diversifying into the ASB restorative field which has been our area of expertise for many years. The need for cuts and budget savings continues to adversely affect the local authority, housing and police sectors within which we mostly operate. However, we remain cautiously optimistic about the future, as the more our partner organisations and potential customers need to save on their budget lines, the more opportunities present the Charity to deliver value for money, quality independent services.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

Covid-19 Impact Statement

The trustees remain mindful and active in the Charity’s response to the unprecedented Covid-19 pandemic and its effects.

With the coronavirus affecting communities and families around the world, this has been a difficult time for us all. As we emerge from the pandemic and learn to live with Covid our top priorities continue to be the wellbeing and safety of the Charity’s employees and team members, minimizing the spread of the virus, and mitigating the effects on our business and ability to continue to serve all those that need our mediation and restorative services within our area.

As a Charity we have continually risk assessed and scenario-planned every area of our operations and prepared for as many eventualities as practically possible. We have increased staffing hours and bolstered our bank staff team allowing flexibility for Covid related staff shortages and ensuring staff are not overworked and maintain manageable workloads.

We have remained open for business throughout the pandemic and have responded to team, partner and service user needs.

The Trustees have ensured that all team members have a safe and equipped workstation for home and remote working and increased flexibility to allow for home and personal needs. We have also allowed for minimal socially distanced office working on a rota basis and supplied all necessary personal protective equipment (PPE) and cleaning materials. Risk assessed safety protocols are in place for home, office, video and socially distanced work.

All service users are welfare checked and can choose from a number of service delivery options with all face to face work coming with the appropriate service safety protocols.

Future Plans

Our strong performance over many years has provided a sound platform for the future of the Charity. Our 201621 five year strategic plan recognised many challenges and delivered its strategic aims while growing our level of unrestricted reserves. We are developing a new strategic plan that remains committed to strong governance and financial management, the retention of our existing restorative services, the growth of our skills and new services and the continued development of a fully rounded high quality mediation and restorative service for all residents within our operating areas.

In line with this we are implementing a full Job Description and salary review to ensure that employment terms and conditions better reflect the growing skills base of our members of staff and the demands that we place upon them.

It is vital to our charitable aims, ethos and strategic plans that all individuals with whom we engage are able to access our services free at the point of delivery, and with appropriate and reasonable adjustments being made to individual need.

Central to our immediate plans will be the successful retention of the SCC Mediation Assessment contract through an imminent open tender process.

As ever, this coming year we will be building on our success by focussing on delivering a number of quality services to our existing contracted customers, broadening both the methods of service delivery options and creating greater feedback platforms for our customers.

We will be building on our new and innovative initiatives in hoarding, RJ hate crime, ASB coaching, domestic abuse and our CPD accredited training provision services.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

We are fully aware that the services we deliver are becoming increasingly challenging and complex. Internal and external training will be offered to staff and volunteers to increase post pandemic confidence as we return to face to face work and to continue to grow our skills base and to afford ourselves the best opportunities of service success.

In recognising the challenges and risks that lie ahead we continue to review and shape our governance accordingly and carry out a thorough risk analysis of existing and new potential projects that the Charity wishes to pursue. It is of paramount importance to us that our development continues to be tightly managed and that the high quality of our service deliveries are maintained as the Charity expands in a difficult financial environment.

We see it as one of our primary goals within the coming year to continue to deliver these services and demonstrate the benefits, success, cost effectiveness and sustainability of our range of mediation and restorative practices to both the community and our partners.

As ever, the trustees wish to thank our team of volunteers and staff for all the hard work, expertise and commitment they continue to give to the Charity. This dedicated team of individuals are the reason we move into the future with confidence, purpose and excitement.

Financial review

The company has had another satisfactory year recording net income of £15,339 (2021:£36,654). Income from Charitable Activities increased by £8,985 over prior year and expenditure increased by £18,472. The increase in income related to a new SLA for the provision of a coaching service to Sovereign Housing. Unfortunately we suffered a reduction of income from Vivid Housing and our SLA with Fareham Council came to an end. The increase in expenditure was due in the main to increasing staff hours to meet demand and a salary increase.

Our reserves policy supports the visions and values of the charity. It is our aim to maintain a level of reserves of not less than three months’ annualised income. Our total income for the year was £236,230 and our reserves at 31 March 2022 are £156,741: we recognise the level of our reserves currently exceeds our policy statement - the company reserves policy is currently under review in respect to core contract uncertainty together with oncosts arising from our recent geographic and business growth and company salary review. The reserves policy is reviewed annually in conjunction with our risk management procedures.

Structure, governance and management

NFS Mediation Limited is a registered charity and a company limited by guarantee. The charitable company is governed by its memorandum and articles of association, and operates under the name NFS Mediation.

The charitable company was incorporated on 4 October 2011 and registered as a charity on 28 March 2012. It remained dormant until 30 June 2012 when it took over the activities, assets and liabilities of the unincorporated charity, New Forest Mediation (charity number 1062913). New Forest Mediation was registered as a charity on 4 March 1997.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Michael Joseph Timothy Mynott Joanne Findon Allen Tyler David Walker Mary Newman (Resigned 11 November 2021) Daniel Nother

The Charity’s constitution provides for a minimum of five trustees. Where there is a requirement for new trustees, these would be identified, nominated and appointed by the trustees with due regard to the nominees’ skills and experience. We recognise that the role of trustee is becoming ever more demanding and we seek to offer appropriate ongoing training and support to each of our members.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees are responsible for the recruitment and induction of any new trustee and have a recruitment procedure and protocol in place to ensure smooth, transparent and responsible recruitment. The induction of a new trustee involves awareness of a trustee's responsibilities, the charity’s governing document, administrative procedures, and the history and conflict resolution approaches of the charity. A new trustee receives copies of the previous year’s annual report, our Governance handbook and accounts, a link to the Charity Commission leaflet The Essential Trustee: What You Need to Know' and a directory of electronic links enabling access to relevant sites to support the good governance of the charity’s business. The trustee board can access quarterly newsletters/information from the Charity Commission and our examiners, as well as voluntary sector and management publications to keep their knowledge of the sector and their responsibilities and obligations current. The trustees annually review their skills base. The trustees can approve any ongoing training identified by a trustee to further build on the trustee skills base.

Our memorandum and articles of association give the trustees the power to apply our funds in such a manner as they think fit to benefit our business and charitable objects or purpose. The trustees have policies and procedures of governance in place to ensure effective use of the powers and these policies and procedures are reviewed on an ongoing basis through these governance arrangements. All appropriate and required insurances, financial and risk mechanisms and statements are held and produced by the company.

The trustees hold a full board meeting quarterly where all relevant finance and service reports are considered. A dedicated finance committee that includes the Treasurer, Chair, CEO and Finance Manager meet quarterly and report directly to the full board. The trustees agree and monitor all aspects of the company’s business but delegate day-to-day management and strategic responsibility to the Chief Executive Officer.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

.............................. Daniel Nother Chair of Trustees 30/10/2022 | 19:30 GMT Dated: .........................

..............................

Timothy Mynott Treasurer 28/10/2022 | 07:36 PDT Dated:.........................

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NFS MEDIATION LIMITED

I report to the trustees on my examination of the financial statements of NFS Mediation Limited (the charity) for the year ended 31 March 2022 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

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 financial statements to be reached.

Paul Meacher, FCA For and on behalf of Fiander Tovell Limited

Stag Gates House 63/64 The Avenue Southampton Hampshire SO17 1XS 31/10/2022 | 07:10 GMT Dated: .........................

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
2022
Notes
£
Income from:
Charitable activities
3
235,362
Investments
4
607
Other income
5
261
Total income
236,230
Expenditure on:
Charitable activities
6
220,891
Net income for the year/
Net movement in funds
15,339
Fund balances at 1 April 2021
141,402
Fund balances at 31 March 2022
156,741		 Total
2022
£
235,362
607
261
236,230
220,891
15,339
141,402
156,741		 Total
2021
£
226,377
961
11,735
239,073
202,419
36,654
104,748
141,402

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Income funds
Unrestricted funds		 2022
£
19,038
183,397
202,435
(45,694)		 £
156,741
156,741
156,741		 2021
£
30,274
167,720
197,994
(56,592)		 £
141,402
141,402
141,402

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.

The trustees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

to the small companies regime. to the small companies regime.
The financial statements were approved by the Trustees on .........................
30/10/2022		 19:30 GMT
.............................. ..............................
Daniel Nother Timothy Mynott
Trustee Trustee

Company Registration No. 07796773

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, UK Generally Accepted Accounting Practice and applicable charity and company law. The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are funds set aside by the trustees for specific purposes. Restricted funds are to be used with the specific purposes specified by the donors. All other funds are unrestricted general income funds.

Transfers are made between funds when adequate justification and supporting evidence is provided.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Income is stated net of VAT.

Grants from local authorities and similar organisations have been included as contracts for services where applicable but as donations where the money is given with greater freedom of use.

Income received for future periods is deferred until those periods.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount can be measured reliably and receipt is probable. If the amount is not known, the legacy is treated as a contingent asset.

Investment income is accounted for in the period in which the charity is entitled to receipt.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is accounted for on an accruals basis as a liability is incurred and is stated net of VAT where applicable.

The cost of charitable activities includes all costs incurred in delivering the charitable company's principal objectives and governance costs associated with meeting the constitutional and statutory requirements of the charitable company.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Debtors

Trade debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

1.11 Creditors and provisions

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

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Charitable activities

Local authority
Housing associations
Other mediation services
Analysis by fund
Unrestricted funds		 2022
£
120,994
96,121
18,247
235,362
235,362
235,362		 2021
£
122,532
90,631
13,214
226,377
226,377
226,377

The local authority income comprises amounts due from Southampton City Council in relation to a contract and ad-hoc services. The prior year income also included a service level agreement with Fareham Borough Council for mediation services.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4
Investments
Bank interest
Analysis by fund
Unrestricted funds
5
Other income
Unrestricted
funds
2022
£
Coronavirus Job Retention Scheme grants
261
6
Charitable activities
Staff costs
Employee expenses
Mediators' expenses
Non-salaried staff
Support costs (see note 7)
Governance costs (see note 7)
Analysis by fund
Unrestricted funds

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Support costs

Staff costs
Staff expenses
Office expenses
Development and
marketing
Stationery and other
office costs
Maintenance and
equipment
Bank charges
Training
Accountancy and
other fees
Meetings and
trustees' expenses
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
90,870
-
1,799
-
16,297
-
226
-
10,551
-
640
-
34
-
3,504
-
-
1,975
-
927
123,921
2,902
123,921
2,902		 2022
£
90,870
1,799
16,297
226
10,551
640
34
3,504
1,975
927
126,823
126,823		 2021 Basis of allocation
£
87,792 Actual costs
1,636 Actual costs
16,192 In proportion to income generated
55 Actual costs
9,913 In proportion to income generated
2,867 Actual costs
55 Actual costs
1,798 Actual costs
2,190
Governance
597
Governance
123,095
123,095

Governance costs includes payments to the Independent examiner of £1,875 (2021- £1,830) for accountancy fees.

8 Trustees

No expense payments were made to trustees during the current or prior year.

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the current or prior year.

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
9
2022
£
162,749
8,550
3,218
174,517		 2021
Number
9
2021
£
150,810
7,052
2,873
160,735

There were no employees whose annual remuneration was £60,000 or more.

10
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
11
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
12
Trade creditors
Other creditors
Accruals		 2022
£
12,999
6,039
19,038
2022
£
6,731
21,926
174
13,993
2,870
45,694		 2021
£
23,289
6,985
30,274
2021
£
10,831
30,501
163
13,097
2,000
56,592

DocuSign Envelope ID: 706AB8A8-9EF1-4C86-9099-F1E2684DB953

NFS MEDIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Deferred income

Income relating to service contracts and
mediation services
Deferred income is included in the financial statements as follows:
Current liabilities		 2022
£
21,926
2022
£
21,926
21,926		 2021
£
30,501
2021
£
30,501
30,501

All brought forward deferred income was released to incoming resources during the year.

13 Retirement benefit schemes

The charitable company participates in a multi-employer defined contribution pension scheme operated by the Pensions Trust. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund.

The contributions payable by the charitable company to the fund were £3,218 (2021 - £2,873).

14 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate remuneration 45,791 44,049

15 Charity information

NFS Mediation Limited is a charitable company limited by guarantee incorporated in England and Wales. The registered office is 12 Palmerston Road, Southampton, Hampshire, SO14 1LL.