Charlty registration number 1157711 Company reglstration number 04349864 {England and Wales) NORTHFIELD COMMUNITY PARTNERSHIP LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NORTHFIELD COMMUNITY PARTNERSHIP LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms C Coffigan Ms N Wood MrA Clarf(e Ms S Allen Mr I S Sathi Mr LASutton Mrs C E Marlgr {Appointed 1 Sept8mber 20241 (Appoinled 19 September 20241 Charty numbar 1157711 Company number 04349864 Reglstered offlce 693495 Bristol Road South Northfield irmingham B312JT Auditor Orrnerod Rutter Limited The Oakley Kidderminster R08d Droitrrtich Worceslershir8 WR9 9AY Bankers Lloyds Bank plc Northfield Birmingham Wesl Midlands B31 2NP
NORTHFIELD COMMUNITY PARTNERSHIP LTD CONTENTS Page Introduction frorn the Chair Trustees. report 3-11 Independent auditorfs report 12-14 Slalemenl of financial activities 15 Balance sheet 16 Stalemenl of cash flow5 17 Noles to Ihe finanual slalements 18-30
NORTHFIELD COMMUNITY PARTNERSHIP LTD INTRODUCTION FROM THE CHAIR FOR THE YEAR ENDED 31 MARCH 2024 l am very pleased to welcome you to this year's NCP annual report. This y8ar has been anottter year of opportunilies. successes, and chall8nges for NCP, and for many organisalions across Bimiingham. In September 2023, it was announc8d by Birmingham City Council that a Section 144 notice was being issued by the local authority. This. in realily, meant that a huge spending rev¢ew would takg place across the city with poienli8lly many projeK4ts being affected by grants and contracts fvnded by the local authority. One of the first of these contracts lo be affected was the Earfy H81p program, run in conjunction with 8irrningham Childrgn's Tnjst. which provid8s preventative ear5y interventions for families across the iity. NCP had been Ihelgad for this program working with over 5000 families per year for over 4 years. It was announced knat a new structure would be put in pla for thg Early Help programme aeross the city. with half the original funding and 18ad community organisations delivering the E8rty Help programme a¢xoss conslituenaes instead of one. This led lo a damage milig81ion exercise by ihe Board and CEO lo estar)lish what aff9Ct this would have on OLtr current income and delivery. After much discussion. and a ihorough revi8w, we look Ihe decision to withdraw trom the Early Help program. This loss of income also impacted on our overall services. and we had to make the difficult ecIsiOn to vacate Sl Nicholas Place. where we had b80n worklng from sinc6 the pandemic. l am however pleased lo report that monies have been secured lo keep our Ear]y Help staff in place. operating as a Family Wellbeing Team, on a one-year contfacl thiough funding obtained from the Garfield Weslon Foundation and the Postcodg Lollery Trust. They will continue lo deliver support to families across Northfield. l am proud of our staffs resilience during Ihesè unsettling limes and thank them for their loyally and innovative ways of working to eTnbr3 the chang8S. We also have had some real highs thls year and despitè the changes lo some of OUT funding, we have been successful in 0er areas. This has included being awarded new five-year funding from the Prevention and Communities funding stream. operated byAdult SoGial C8re al Bimiingham City Council. This is to support uur Future Proof Project. which is now running in partnership wth Redeemer Chur¢h. creating an extra aspect lo th8 project by providing weekly social aclivits.es at Oddingley Hall. We were also successful in gaining funding lo tleliver our new city-wide hoarding project in partnership with Clouds End CIC. Hoarding is a lop priority forAdull SoGial Care bul often remains hidden amongst cornmunilies. This new project has two wort( slrearns, working directly with cilizens on house clearances and psychological SLJPPOrt and by building ap8cily within NNS networks through training advice and designated project workers. We were successful in gaining signifirant funding from the Shared Prosperity Fund - this has allowed us lo start new fooLI pantry where citizens can obtain low costs food items weakly giving them more choice and di9nity than using a Iraditiondl food bank. Alongside the pantry 811 NCP'5 exlernal seNices attend the pantry to give alizens advice both thg day and offer ongoing support. We have been awarded funding to look al our governance and business planning, incorporating our sustainability plan. and lo shape our thinking on p055ible fvture stNclures for NCP. Monies have also been awarded to NCP to support capacity building WOTk acros5 the community. Wa looked al organisalions in need of support to continue lo deliver Iheir services such as The Project and were able lo grant them project funding to keep Ihelr Infomalion Advice ancl Guidance sérvice viable. W8 have supported Northfield Arts Forutn who have used our grdnl funding to dellver significant arts activity and food programs across Narthfield. Our staff team ha5 conlinugd to grow, and we have made several appoinlmgnts whi¢h will help lo build the capacity of the overall team.
NORTHFIELD COMMUNITY PARTNERSHIP LTD INTRODUCTION FROM THE CHAIR (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We again delivered successful beach events during the 2023 school surnrner holidays which were welGomed during an especially hard financial period for families who aro still struggling through the cost of living cftsis. I hope you enjoy reading this year's report and I would like lo thank all our funders and stakeholders for their support. A special Ihanks to our very hardworking staff who go above and boyond on a daily basis, supporting P80ple across the Northfield constituency. Carmel Corrigan Chair Date-.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have b8en prepared in accordance with the acGounling policies sel out in note 1 to the financial slalements and comply with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities: Slalement of Recommended Pracllce applicable to charitie5 preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021" (effective 1 January 20191. ObJectives and acuvlties The promotion for Ihe benefft of the public of urban or rural regeneration In aaS of social and economic depriv81ion land in the Area of Benefill by all or any of the following rne8ns= {al the relief of financial hardship Ibl the relief of unamployment Icl the advancement of 8ducation, training, or retraining, particularly among unemployed people, and providing unemployed people wllh work experience (dl the provision of ffnanci21 assistance, technical asslslance or busines5 advice or nSultan0Y lo provlde training and employment opportunllies for unemployed people in casgs of financial or other charitable need Ihrough hglp= (il in setting up iheir own business, or (ill to existing businesses (e) the Creation of tralning and employment Opportunities by the provlsion of workspace, bulldlngs. andlor land for use on favourablg tsms If) the prcvision of housing for those who 8re in conditions of need and the irnprovemenl of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of a stalulory duty to provide Dr improve housing Igl the maintenance. improvement, or provision of public amenities Ihl the preservation of bulldlngs or siles of histori¢ or architectural importance (il the provision of recrealional faeilitses for the public al largo or those who by reason ol their youth, age, infimiity or disablèment, financial hardship or social and economic rircumstances, have need of SUGh facilities= ti} the protection or wnserdalion ol the 8nvironmenl= {kl Ihe provision of public heallh faeililies and childcare." (11 the prornotion of public safety and prevention of crime.. (m) such other rlleans as may from lime lo time be deteIned subject to the prior wrillen consent of the Charity Commissioners for England and W8les. 3.2 To dev9knp the capacity and skills of the members of the socially and economically disadvantaged community in the Area of Benefit in such 8 way Ihat they are better ablg to identify, and help meet. Iheir ngeds and to participale more fully in Society. PubliG b8nefit The Irustees have paid due regard to guidance issued by the Charity Comrnis¥ion in deciding what activities the charity should undertak9.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Summary of the maln activities in relation to tho80 purposes for thg publi¢ beneflt, in particular, the activltiesl projects or serviGes idontified in the accounts Northfield Communlty Hub - offers a range of Health and Wellbeing Services for public use. These inclLtde free inlem81 access, Employment support, Housing and Benefil Advice. Sexual Health cl1¢. BID servicas, digital Lraining. volunteering opportunities. Northfiald Nelghbourhood Nètwork Scherne - working with eommunily asset$ lo build and resource apaclty and prevenlalive activities across the Northff8ld Consliluency. Early Help Programme - providing support and advice for Chlldren, Families and young p8opl8 across the Northfield Constituency. Digltal NNS working in Bimingham city wide with community assets lo build digital capacity across neighbourhoods. Future Proof Over 50$ Schemo - worlung wtth over 50$ lo help Citizens remain independent for longer. Digit81 Landing Library- provide support and adviee 2nd access to digi181 devices. Household Support Fund- small support grants lo support citizens through the costvof-living crisis. Foodbank- 5 day pér wegk foodbank. Fu•1 bank- prcvido citlzens with vouch8rs lo support utility poverty. Digltal Lendlng Llbrary- providlng training and free devices lo address Digital Poverty. Digitsl NNS- buikling digital capacity amongst Neighbourt)ood Network sehemeg City Wide. Chaos t4 Order- Hoarding project in partnership with Clouds End CIC. Shared Pr05perlty Fund Programme- Gapaclty building erganisabons wlh infrastructure fundlng. Food Pantry-Affordablo food membership pTojerl.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 141 .141 ••
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 k. NORTHELD *t' i.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Summary of the main achi&vemonts of the ¢har1ty, Identifylng the difference the charity's work has made to the clrcumstancès of its beneficiarles and any wider benetTts to $oclety as a whole NCP deliver5 a wide range of projects and services in a Holistic way. ensuring services a delivered in a preventative manner , building strong partnerships across the South of 8irmingham which enhance and provid8 a whole life Cou8 approach to enablg Citizens and communities lo flourish. B8Iow 2re some of our key achievements during 2023124. Trustees are infomied and make relevant decisions on the nature of activities and projects in allgnmenl with the ch2rities purposes as laid out within our gDverning document. The trustees have kept up lo dale with the guidance issued by Ihe charity commission guidance and have not made any decisions which deviate from Ihis guidance. Polley on grant making The Charity acts as a brok8r Ihrough contracts such 85 Northfield Neighbourhood Natsvork Sthemg and tho Household Support Fund. lo engage crtizens and groups who are repients of these funds_ The NNS grdnl funds are paid Ihrough the Heart of England Community Foundalion and are oVeeen by a grants panel which NCP sils an. All payment of monies and legal responsibility is facilitated by the Heart of England Foundation. Small Micro grants of up to £500 are administered through NCP. with a full administrative procedure dictated through th8 Heart of England Foundation. The Shared prosperity Fund capacity building grants form part of NCP'S Condition of Grants Aid with Bim1ingham City Council which cites designated recipients of the grant 5chemÈ. The small grants schÈme, which wa5 delivered as part of this award. inclutled an approved application lo. grants panel and moniloring submitted by the reupienl. These grants did nol exed £1000 The Household Support Fund is administered by BVSC wilh no payments being made by NCP other than to those that have no bank account, and lo a maximum of £2(10 which is paid in vouchers not in cash. as pertained in our grant making policy. Contrlbulion made by volunteers NCP works with a large range of volunteers to help to deliver Ihg services and projects of the charily. Volunteers receive training and induction and DBS checks if required. The Trustees recognise the vitas role that volunteers paly in the delivery of NCP functions.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 @@o@@o rrtS4ts W* tn.. i rul 20 Lapiup loans 173 impe recei¥ed tmas Homeless Advice am 11- S assets NNSass¢tS wtro received gTan NNS 35 arye rrainin oro ES who Fufureproof Voluriteèrl)tJur5 hrisirnas mpers ses510fiS rtuniry umbfell iiize f¢U8 e5 received ristmas ampers
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Funding We are entering our second year of Reaching Communities funding and are working with a consultant to strengthen our core costs through our adopted Suslainabilily plan. which we have made good progress on this year. The charity ha5 98ined signilicanl funding Iow8rds new key prevention and Communities projects over a 3-year period. Shared Prosparity funding has been secured for 2 years which has brought significant resource Into the partnership and will help lo create suslainabilily through our community asset acquisition program. We have r3isad an exira £100,000 in unrestricted funding which has helped us to support the families team. We are currently implementing olher malhods of income gener31ion and social 9nterprise. We hav8 mitigated against significant financial risk and cul out cloth accordingly to addres5 financial deficits accordingly Financlal reviÈw Reserves policy It is the policy ol the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo the ¢harills needs and ongoing obligauons. The trustees consider that reserves al this level will ensure that, in the event of a 5ignifi¢anl drop in fvnding. they will be able to continue the charity s current activities on a temporary basis while consideration is given to ways in which additional funds may be raised. The charity wishes lo work towards a reserve of Six months worth of expendilure. structure. governance and management Govarnlng docuffient The charity is controlled by its goveming docurnent. a deed of trusl, and conslilules a limited company, limitsd by guarantee, as defined by the Companies Act 2006. Governance The truslegs, who are also the directors for the purpos6 of ¢omp8ny law. and who served during th6 year and up to the date of signature of the financial stslemanls were.. Ms C Corrigan MrCGuy Ms N Wood MrLWright MrA Clar1(e Ms S Allen Mr S P Round Mr I S Salhi Mr LASutton Mrs C E Marler (Resigned 29 February 2024) (Reslgned 8 February 20241 (Resigned 4 April 2023} (Appointed 1 September 20241 IAppointgd 19 September 20241 R¢Gruitment and appointment of trustees Trustee recruitsnenl is caTried out by an application process, and an inleNiew is held with the Chair and CEO. References 8re taken up lo ensure that a Trustee is suitable, and documentation is signed to ensure that a Trustee is not disqualified In being unable to hjifil their role. Trustee5 are given an induction by Ihg Chair. None of the tfustees ha5 any b8neficial interest in the Gompany. All of the Iru5tees are members of the company and guar8nlee to contn'bute £1 in the event of a winding up.
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organlsational structure The Charity's organisational structure and any wider network with which the charity works The Charily works as the lead for the locality for the Neighbourhood NeOrk Schemes working with Community assets to build preventallve opportunities using a developed gaps analysis. The charity is the Chair of Northfield Stakeholders group a network of over 300 organisalions working to addres$ mutual issues v¥hith impact on Northfield Citizens. NCP is the Chair for Arts 50 Alive neork which is an intergenerational netwoth bringing oldpr and younger people together. Induction and trainlng of tntaeS Policies and procedures adoptgd for the induction and training of trustee5 Recruitment and appointment of truste85 Twstee recruitment15 carried out by an appli¢alion process, and an interview is held with the Chair and CEO. References are taken up lo ensure that a Trustee Is suitable. and documentstion is signed to ensure that a Trustee is nol disqualified in being unable to fulfil their role. TTusle6s are given an induction by the Chair. None of thg trustees has any beneficial interest in the company. All of the trustees are members L)f the wmpany and guarantee to contribute £1 in the event of a wnding up. Relationship wlth any lated partles NCP works with a signfficanl range of partners and stakeholders lo deuver Iheir wide-ranging r8mtt- acting as the Community Anchor organisats.on for the Consliluency building nelworks and links whith further resources and benefrts for those Citizens liwng locally. The$8 include but arg not limited loo. NHS rOUgh a sexual health diniG, Local delivery tK)ard for the fairer fvt fund. The integrated eare board and Adult social ¢are. The Project - working in partnership to provide debt. housing. and financial support on the Future Proof project Northfield Arts Fotum- working in partnership to dellver art and creative opportunities and a pay as you feel pop up Café Northfield Stakeholders Group- working wth over 300 organisations to share resources lo d8liv8r the beat outcomes for the Northfield ConstitUgncy- Birmingham City Council-16ading kscality-based projects through bjnding provided from the local Authority 10-
NORTHFIELD COMMUNITY PARTNERSHIP LTD TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement of trustees. iesponsibilitles The Iruslees who are also the directors of Northfield Community Partnership Ltd for the purpose of company law. are SponSItI1e for preparing the Truslees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Aecounling Praclicel- Company Law requires the trust9es lo prepare financial slalemenls for each financial year which give a trug and fair view ol the stale ol affairs of the charity and of tho incoming r8SDurees and application of resources, including the income and expenditure, of Ihe charitable company for that year. In preparing these financial slatemenls, the trustees are required to.. select suitsble acxounling policies and then apply them consislenlly,. - obseNe the rnethS and prinryples in the Charities SORP., make judgernenls and eslimales that are reasonable and prudent: slate whèther applicable UK Accounting Standards have been followed, 5ublect to any material departures disclosed and explained in the financial statsmenls,. and prepare the financial slalemenls on Ihe going concern basis unless it is inappropriate lo presume that th8 ¢harlty wi51 continuè in operation. The trustees ar8 responsible for keeping adequate a¢eounling records that disclose with reasonable accuiacy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. Th8y are also responsible for safeguaiding the assets of the charity and hence for tsking reasonable steps for the pievenlion and deleclion of fraud and other Ir 9ularities. Auditor In a¢[dance with Ihe company's articles. a re501ution proposing that Ormeiod Rutter Limtted be r&appointed as auditor of the company will bg pul al a General Meeting. The truslo85' report was approved by the Board of TNslees. Ms C Corrigan Trustee Dale.. &)IiC)Iz 11
NORTHFIELD COMMUNITY PARTNERSHIP LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF NORTHFIELD COMMUNITY PARTNERSHIP LTD Oplnlon We have 8udiled the finanal statements of Northfield Cornmunily Partnership Ltd {the 'charity'l for the year ended 31 March 2024 which Gomprise the 5talemenl of financial aclivilies, the balance sheet. the stslemenl of cash flows and notes to the financial statements, including signifioni accounting policies. The financial reporting framework that has been applied in their prepamlion is applicable law and United Kingdom AontIng St2ndards, including Financial Reporting Standard 102 The Financial Reporting Stgndard appliGable in tha UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion. the ffnancial statements.. give a Iruo and fair view of the stste of the charitable company's affairs a5 at 31 March 2024 and of ils incoming resources and application of resources. for the year then anded., have be8n propedy prepared in acGordance with United lthngdom Generally Accepted Accounting Practice- and have been prepared in accordance with th8 requirements of the Companies Act 2006. 8asls for opinlon We conducted our audit in ac£ordanc8 with Inlematloftal Slandards on Auditing (UK) IISA5 IUKII and applicable law. Our responsibilittes under Ih05e standards are further described in the Audilorfs responsibiliti8s lor the audil of th8 finencial slatemenfs section of our report. We are independent of thè chadty in accordance with the ethical requlrements th81 are relevant to our audit of the finanual statemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriale lo provide a basis for OLJr opinion. Conclusions relating to going con¢em In auditing the finanaal slalements, we have concluded that the trustees, usa of the going concern basis of accounling in the preparation of the financi81 stalemenls is approprlate. Based on the work we have perfomied. we have not identified ary material uncertainties relatin9 to events or conditions that, individually or wlleelively. may cast significant doubt on Ihg charity's abilrty lo continue as a going concern for a period of at least tsvolve months ffom when tho finanual statements aio aulhorised for issu&. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant seclrons of (his report. Other infarmatio The other information comprises the infom8tion in¢luded in the annual report oth8r than the financial statements and our audilorfs report Ih2reon. Tho trustees are responsible for the other information contsined within the annual report. Our opinion on the finanGial statements do85 not wver the other information and we do nDI exprgss any fomi of assurance conclusion thereon. Our responsibility is lo read ihe other informatson and, in doing so, consider whether Ihe other informalion 15 malerially inconsistent with the financlal statements or our knovdedge obtained in the course ol the audil, or otherwise appears lo be malerially rlli5$1aled, If we idenb'fy su¢h malerial inconsistenci8$ or apparent material rnisstalgments. we are required lo deterynine whether this gives rise to a material misstatement in the financial statements tttemselve5. 11. based on Ihe wgrk we have perfom8d. we condude that there is a mBlerial mis51atemenl of this other infomialion. wg are required to report that fact. We have nothing lo report In this regard. Matters on whiGh w• are requlred lo report by exGeption We have nothing to report in respect of thg following matiers in relalion lo whith the Charf(ies (Accounts and Reportsl Regulalions 2008 requir8 US to repori lo you rf. in our opinion.. ttte informalion.given in Ihe finanual Statements is inconsistent in any material respect wilh the trustees, report- or sufficient aGcounting records have not been kept- or the financial statements are not in aoreefflent with the accounting records: or we hav8 nol received all Ihe inforrnation and explanations we require for our audit. 12-
NORTHFIELD COMMUNITY PARTNERSHIP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTHFIELD COMMUNITY PARTNERSHIP LTD Responsibllldes of trust99¥ As explained more fully in the statement of trustees. SponSIbl1111e$. the trustees. who are also the directors of the charity for the purpose ol Gomp4ny law. are Fespor¢sible for the prep2ration of the financial statements and for being salisfied that Ih8y give a true and fair view. and for such Iniemal control as the Iru51ees determine is necessary lo enable Ihe prep2ralion ol financial slatements that are free from material misstatemenL whether due to fraud or error. In preparing th9 financlal statements. the trustees are responsible for assessing the charity's ability lo continue as a going conrn, disclosing, as applicablg. matters related to going concem and using Ihe golng ncem basis of accounting unless the tnJst&s either inlelld io liquidate Ihe charitable company or to cease operatsons. or have no realistic allemalive but lo do so. Audltorfs re¥ponsibllitles for the audit of th¢ flnancial statornents We have been appointed as auditor under section 144 of the Charrf(ies Art 2011 and report in accordance with the Act and relevant iegulalions made or having effect thereundei. Our objectives are lo obtsin reasonable assurance about whether tha financi81 statements as a whole ore free from material mi5slalemenl, whether due to fraud or error. and to 155ue an audilorfs report Ihal includes our opinion. Reasonable assurance is 8 high level of assurance but is nol a guarantee that an audit conducted in accordance wlth ISAS IUKI will always delect a material fflisstatemenl when il exists. Misstatements can arise frgm fraud or error and are considered material if. individualfy or in the aggregate, they could reasonably be expected lo influence the economic decisions of us8rs taken on the ba515 of these financial slalemenls. The extent lo which our procedures are capable of detecting irregularities. including fraud, is detsiled below. Based on our unrJerst8nding of the company. we identified the principal risks of non-compliance with laws and regulations. including those that have 8 direGI impact on the preparalirJn of the financial slalements such as the Companies Act 2006, and the 8xlent lo which non-compliance rnighl have a material effect on the financial stalernenls. Audit procedures perfomled inGluded discussions with management, revlew of board meeting minutes. testing of joumals. designing and perforniing audit procedures and challenging assumptions and judgements made by rnanagement in relallon to accounting estimattrs. A further description of our responsibilities is 8vaSlable on the Financial Reporbng Council's website al.. https'.11 MWnV.frc.org.uklaudilorsresponsibilities. This description foTms part of our auditors report. Use of our report This report is made solely lo the charity's trnste85, as a body. in accordanTr with part 4 of the Charities IAc¢ounls and Reports) Regulations 2008. Our audit WOTk has been undertaken so Ihal we might slate to the charity's trustges those matters we are required to Stale lo them in an auditor's report and for no other purpose. To th8 fullest extent Kjèrmitted by law, we do nol accept or assurne responsibility lo anyone other than Ihe ¢harty and the charity's trustees as a body, for our audrt work. for Ihis report, or for thg opinions wg have ftjrmed. 13
NORTHFIELD COMMUNITY PARTNERSHIP LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTHFIELD COMMUNITY PARTNERSHIP LTD Colm McGrory FCA (Sanlor S utory Auditor} for and on behalf of Onnerod Rutter Limit8d .i.?..lii /.ao?* CharteredAccountants statutory Auditor The Oakley Kiddemiinster Road DroSfv4ich Worc8Stgrshire WR9 9AY OrmeTod Rutter Limited is eligible for appointment as auditor of the charity by vlrtue of115 eligibility for appointmenl as auditor of a company under section 1212 of the Companies Act 2006. 14-
NORTHFIELD COMMUNITY PARTNERSHIP LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrtcted funds funds 2024 2024 Total Unrestrlcted Re5trlcted funds funds funds 2Q24 2023 2023 Total funds 2023 Notes Income from: Donations and legacies Charitable activities Investments 817.781 699,804 817,781 807.938 68,B23 1,000 462.373 492.568 463,373 492.568 65.444 108,134 68.823 65,444 Total Income 176,957 1.517,585 1.694,542 66.444 954.941 1,021.385 Charitable activitres 214,766 1,113.396 1,328,162 53,974 1,082,463 1.136,437 Net incomellèxpondlturel 137,809) 404.189 365.380 12.470 1127,522) (115.0521 Transfers beiween funds (33.415) 33,415 Net movement in funds (71.224) 437.604 366,380 12.470 1127,522) (115.052) Reconclllallon of funds: Fund balances as at 1 April 2023 117.409 179.291 296,700 104.939 306,813 411,752 Fund balances at 31 March 2024 46.185 616.895 663,080 117,409 179,291 296,700 Th8 slalement of financial activitie5 includes all gains and losses recognlsed in the year. 15.
NORTHFIELD COMMUNITY PARTNERSHIP LTD BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 12.511 13.005 Current assets Debtors Cash at bank and in hand 14 111.513 630,340 87,587 243,153 741,853 330,740 Creditors: amounts falling due wlthln cno year 15 (91.2841 (47,045) Net curront assets 650,569 283.695 Total assets 10$$ currenl liabilitios 663.080 296.700 Net assets gxcludlng pension liabilty 663,D80 296.700 The fvnds of tho Gharlty Restiicted incnme funds Unrestsicted fvnds 17 616.895 46.185 179.291 117.409 663.080 296.700 The company is entitled to the exempuon from the audit requirement contained in seclion 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carrfed out under section 144 of the Charities AGt2011. The directors acknowledge their responsibilities for complying with the requirernents of the Companies Act 2006 with raspect to ac¢oundn9 records and the preparation of financial ststements. The members have not required the company to obtain an auéil of its financial staternents under the requiremen15 of the Companies Act 2006, for the year in question in accordance with sacbon 476. These financial stalemenls have been pPared in accordance with the provisions applicable to companies subject lo the small wmpanies regim8. The f4nan¢ial statements were approved by the truste05 on 301.101aou4- Ms C Corrigan Truste¢ Company registration number 04349864 (England and Wales) 16-
NORTHFIELD COMMUNITY PARTNERSHIP LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating aGtivstlgS Cash generated fr<yml(absorbed by) operations 22 321.613 168,8301 Investing activities Purchase of tangible fixed assets Investment Income received 13,248) 68.823 16,263) 65.444 Net cash generated from investin9 activtties 65,575 59.181 Net cash used in flnanclng aetivltles Net In¢rèasellde¢roa$e} in Cash and cash Équlvalentg 387.188 19.6491 Cash and cash equivalents at beginning of year 243.153 252,802 Cash and cash equivalents at end of year 630.340 243,153 17-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aecountlng policies Charity informatlon Northfield Community Partnership Ltd is a privale company limited by guarantee incorporated in England and Wales. The registered office is 693-695 Bristol Road South. Northfield. Birmingham. B312JT. 1.1 Accountlng conventlon The financial stslements have been prepared in accordance with th8 chariws governing d0Ment, the Companies Act 2006, FRS 102 Yhe Financial Reporting Sland3rd applieable in the UK and RepLJblic of Ireland" I-FRS 102,1 and th8 Charilies SORP °Accounling and Reporting by Charities.. Ststament ol Recommendod Practice applicable lo charities prepaiing their accounts in accordanca with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" leff8clive 1 January 2019). The harity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the ¢harity. Monetary amounts in these financial slal8ments are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, [modified lo include the revaluation of freehold propertigs and lo includg inveslrnent pmperties and certain financial instruments at fair value]. The Principal accounting policies adopted are sel out below. 1.2 Golng concèrn At the lime of approving the financial slalemenls. the Iruslegs have a reasonable expectation that Ihe Gharity has adequate resources IrJ continue in operational existenc£ for the foreseeable future. Thus the Injslees continue to adopt the going Conr* basis of accounts.ng in preparing Ihe finanGial statements. 1.3 ChaTitable funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their ¢harilabl8 objectives. Reslrlcled funds are subject to specffic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in Ihe notes lo the financial slatements. 1.4 Income Income is recognised when the charity is legally entidÈd to it after any perfomiance conditions have bean mel, the amounts can be measur8d reli8bly, and it is probable Ihal income will be tsceived. Cash donations are recognised on receipt. Other donalions are recognised once the Charity has been notified of the donation, unless perfOace conditions require deferral of the affiount. Income tax re¢ovetable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donats'on. Legaci8s are re¢ognised on receipt or otherwise if the charity has been notified of an impending dislribulion. the amount is known, and receipt is gxpe¢ted. If the amount is not known, the legacy is treated a5 8 conlingenl asset. Income from government grants and other grants are recognised al fair value whon the charity has entttlement after any performance IndItIonS have been mel. it is probablg thal the income will be raceived and the amount can be m8asufed reliably. If entitlement is not met. Ih8n these amounts will b8 deferred. 18-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcios (Continued) 1.5 Expendlture Expenditure Is recognised once there is a legal or construcbvE obligation lo transfer econornic benefit to a third party. il is probable that a transfer of economic benefrts will be required in settlement. 8nd the amount of the obllgation be measured reliably. Expenditure 15 dassified by activity. The costs of each activity are made up of the Its181 of dired costs and shared costs, induding support costs invofved in undertaking each aelivlty- Dir8GI costs attributable to a single activity are allocaled directly to Ihat activlty. Shared costs which ¢onlribule to more than one 8clivity and support eosls which are not attributable to a single acllvity are apporboned between those activities on a basis consistent wlh Ihe use of resources. Cenlffil staff costs 8re allocated on the basis of lime spent, and deprecialiori Gharges are allocated on the portion ol the ass91's use. 1.6 Tangible fixed assets Tangiblè fixed assets are inilially measured al ¢osl and subsequently rneasured 81 cost or vzlualion, net of depreualion and any impairment Ioss95. Depreciation is recognlsed so as lo write off the cost or valuation of assals less their residual values over their useful lives on the followng bases.. Leasehold improvements Plant 2nd equiprTTenl Computer 8quipment Motor vehicles 20Y. Straight Line 2SY. Straight Lin& 25Yo Reducing Balance 25Yo Reducing Balance The gain or Ioss arising on Ihe disposal of an a55el is deleTmined as the difference beeen the sale proceeds and the carying valug of the asset, and is recognised in the statement of finanal acti¥ities. 1.7 Impalm)ent of fixed assets Al each repong end dale. Ihe charity reviews the carryyng arnounls of ils langible assels to detemiine whether there is any indication that those assets have suflered an impairrnenl loss. If any such indication exists. the recoverable amount of the asset is estimated in Drder to delerrnine the extent of the impaient loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held al call wlh banks. other short-term liquid inveslments wsth original maturitie5 of Ihreg rnonlhs or less. and bank ov8rdrafts. Bank overdrafts are shown within borrowings in currenl liabilities, 1.9 Flnanclal Instrumants The charity has elected lo apply the provisions of Section 11 'BasiG Financial Instruments. and Section 12 'oiher Financial In51ruments Issues. of FRS 102 to all of ils financ4al in31nJmenls, Financial instruments are racognised in th8 charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assats and liabilities are offset, with the net amounts presented in the financial Stalemenls. when there is a legally enforceable iighl lo set off the recognised amounts and there Is an inlenlion 10 58tt1e on a nat basis or to realise the asset and settle the liability simultaneously. 19-
NORTHFIELD COMMUNifY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnued) Basic financial Assets Basic financial assets. which include debtOTS and cash and bank balanrs. are inltially measured al transaction price incl¢Jding Ir8nsaclion costs and are subsequently carried al amortised cost uslng the effective interest method unless the arrangement constitutes a financing Iransaclon, where the transaction is measured at the present value of ihe future reripls discounted al a markel rale of interest. Financial assets classified as receivable within one year are not amortised. Baslc Ilnancial Ilabilifies Basic financlal liabilities, including ereditors and bank loans are inliia11y recognised al transaction price unless the arfangement conslilules a financing transaction, where the debt In81rument is measured al the present value of the fulure payments discounted al a markel rate ol inleTesl. Financial 118bilities classified as payable within one year are not amortised. DEbl instruments are subsequenuy carried at amortised cost, uslng th8 effeellve interest rale method. Trade creditors are obligations to pay for goods or SeICe$ that have been acquired in the ordinary courso ot operations from suppliers. Amounts payable are Glassified as current liabilities il payrnenl is due within one yèar or less. If not, thay are presented as nonthcurrent liabilities. Trade creditors are recogniséd initi.ally at Iransa¢tion pri¢e and subsequenuy measured at amortised $1 using the effeclN8 interest method. Derecogftjtion of flnanclal Ilabilities Financial liabilities are derer>Jgnised when the Gharity's contractual obligations expire or are discharggd or cancelled. 1.10 Employee beneflts The cost of any unused hollday enliU8ment is recognised in th8 period in which the èmployee's services are received. Termlnation benefits are rgcognised immediately as an expense whon the charity is demonstrably commitXe<S lo temiinate the employment of an employeo or to provide termination benefits. 1.11 Rgtirément beneflts Payments lo defined eonlribution retlrement benefit schemes are charged as an expense a5 they fall due. Crlllcal accounting ostlmates and judggmènts In the application of the charity's accounting policies, the trustees are required lo make judgements, estimate$ and assumptions about the carrying amounl ol assets and liabilities that are not readily appanI from other s¢urce5. The estimates and associated assumptions are based on historical experience and other fadors that are considered tp be relevant. Actual re5ulls may differ frorn these esllmates. The eslimales and undertying assumptions are reM8wed Dn an ongolng basis. Revlsions Ic accounting estirnales are recognised Sn Ihe perlod in which the estimate is revised where the revision affècts only Ihat period, or in the period of Ihg revislon and lulure periods where the revlsion affects bolh current and fvture periods. -20-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from donations and legacies As Restated Totsl Unrostrieted Restrictgd funds funds 2024 2024 Total Unrèstricted Restricted funds funds 2023 2023 2024 2023 Donations and gifts Grants 2,035 815.746 2,035 815,746 1,000 4,132 458.241 5.132 458.241 817,781 817.781 1,000 462,373 463,373 Income from charltabfe actlvlites As Restated Grants 2023 Grants 2024 Servi$ provideé under contract Other InMe 803.567 4,371 492,568 807,938 492,568 Analysls by fund Unreslricled funds Restricted funds 108,134 8g9,804 492.568 807,938 492.568 Incomo from investments Unrnstrlctgd Unrostrlcted funds funds 2024 2023 Rental income Int8resl receivable 67,392 1,431 65.177 267 68,823 65.444 21
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable aGtivttie$ Charitsbla actlvities 2024 Charitable actlvities 2023 Direct costs staff cos15 Advertising and Promotions Beach costs Charitable coniributions Computer costs Leg81 and professional Office and gener81 admin Other professional seNices Renl Motor and travel expenses Sundry Project CQs18 Staff expenses 672.902 7.377 106.551 41.298 5,992 3.000 607.337 11.552 125.262 32.384 16.904 19.282 6,350 131,965 3.430 247 31,909 1.631 118,024 9.390 175,549 4,936 1,145.019 988,253 Grant funding of acdvilies (see note 7) 66,598 42,701 Share of support arrd governancè costs (see note 8) Support Govemance 73.798 42,747 62,505 42,978 1,328.162 1.136,437 Anatysls by fund Unrestricted funds Restricted fvnds 214.766 1.113,396 53,974 1.082,463 1,328,162 1.136.437 Grznts payable ChaTltalJlg a¢tivStles 2024 Charltable adlvlties 2023 Gfants to inslilutions.. other 66.598 42.701
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 Support costs allocated to activities 2024 2023 Depreciation Bank charges Beach costs Conference Office and general admin Cleaning Rent and rate5 Subseriplions Motor and travel expenses Sundry Govemance Gosts 3.743 99 4,335 378 15,200 3.228 25.144 5.705 2,857 1,620 2.249 1.789 42,978 27.628 25,340 10,862 1,182 1.559 3.385 42,747 116.545 105,483 Analysed between: Charilable activities 116.545 105,483 2024 2023 Govarnance costs comprlse: Audit lees Accountancy Legal and professional 11.676 3,492 27.579 14,100 5,064 23,814 42,747 42,978 Net rnovement in funds 2024 2023 The net movement in funds is stated after chargin{cledltlng}. Fees payable fof the audit of thè charity's finandal stalemenls Depreciation of owned tangible fixed assets 11,676 3,743 14,100 4,335 10 Trustees NDne of the Iruslees lor any persons connected with them) received any remuneration or benefiis Irom the charity during the year. -23-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employeos The average monthly number of employees during the year wa5.. 2024 Number 2023 Number 24 Employees 24 Employment costs 2024 2023 Wages and sal8Ties Social security costs Other pension o)sts 613,391 49.013 10.498 559.062 41,106 7.169 672,902 607.337 Redundancy and lerrninalion payments tolalllng £7,036 were paid during the year relating lo staff. The number of employees whose annual remun8rab.on was more than £60.000 (excluding pension contribulionsl is 8s follows.. 2024 2023 Number Number £70.001- £80,000 £90.001- £100.000 Key management personnel The key management personnel are represented by 6 employeès. The total employee benefits of the key manag8rnent personnel were £280,26812023: £227,387). 12 Taxation The charlty is exempl from taxation on ils activilles because all ils ino)me is applied for charitable purposes. -24-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tangible flxed assets Leas•hold Impmvements Plant Bnd oqulpment Computer eqylpffl•nt Motor vehicles Total Cost At 1 April 2023 Additions 46.211 13.834 18,863 3.248 3,860 82.768 3,248 At 31 March 2024 46.211 13,834 22,111 3.860 86,016 Depre¢lation and irnpalrm&nt At 1 April 2023 Depreciation charged in the year 46.211 13,834 7.078 3,336 2,639 407 69.762 3,743 At 31 March 2024 46,211 13,834 10.414 3.046 73.505 Carrying amount At 31 March 2024 11.697 814 12,511 At 31 March 2023 11.785 1.220 13.005 14 Debtors 2024 2023 Amounts falling due wlthin one year: Trade debtors Prepaymenls and acGrue(i income 48,896 62,617 9,784 77.803 111.513 87.587 15 Croditors: amounts lalllng due within on¢ year 2Q24 2023 Olher18xation and soclal security Trade creditors Other crediloTS Accruals and éeferred Income 18.440 28,595 5.511 38,738 12.853 3.490 4.757 25.945 91.284 47.045 16 Retlrement benefit schemes 2024 2023 Dgfined contribution s¢hemas Charge to profit or loss In respect of defined contribution 5themes 10.498 7.169 -25-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Retirgment benefit sehemes (Contlnuedl The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scherne are held $8parately from those of the charity in 8n indap8nd8ntly admiriist8red fund. 17 Restrlcted funds The restricted funds of the charity CAJmprise the unexpended balances of donations and grants held on trust subjeGI to specific conditions by donors as lo how they may be used. At 1 Aprll Incomlng 2023 resour¢es Resource$ expended Tran$fers At 31 March 2024 Foodbank Future Proof Northfield Neighbourhood Netrvork Scheme Early Help {BVSC) Beach Projèct Household Support Fund NNS Digital Clouds En SPF NCP Winter Food Aid Cost ol Living Fund Dads Programme Compassionate Comrnunilies Building Bridges {Fairer Fuluresl Heart of England- Income Maximisation Lottery Fund NNS Micro Grant Fund SPF - Loconamey SPF - The Project 22,812 12,248 33,711 122,778 112.819} {116.249) 43.704 18,777 44.802 23,452 151,676 185,025 67,109 162.027 90,100 100,000 223.147 5.000 74,900 4.000 32,000 {151.864) (172,920) 199.814) {106,771) (66,860) 173.835) (67.524) 44.614 35.557 32.705 71.333 126.589 23.240 26.165 155,623 5.000 51,702 3.525 13.091 (23,198) (4751 {18.9091 9,000 17,9261 1.074 49,997 166,167 12.000 22.000 6.947 49.997 11,686 4.644 {159,125} {12,710} {15,450} (6,947) 710 6,550 179.291 1.517.585 11,113,396) 33,415 616.895 26-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrict8d funds (Continued) Previous yoar: Incoming rgsour¢05 Resources oxpended Transfers At 31 March 2023 2022 Foodbank Future Proof Northfield Neighbourhood Netsvork Scheme Early Help (BVSC} Beach Project Reaching Communities Household Support Fund Digital Lending "brary Warn Welcome Pathfinder- Eady Help Digital Literacy INNS) 13,295 100.000 111.4831 187.7521 21,000 22.812 12,248 181,210 176.215 107,276 {136.4081 (152.7631 1167.3601 {138.5901 (200.7241 {79.2111 16,000} (57,2481 (44.9241 44,802 23.452 20,084 163.234 40,000 120.0001 141.0001 4.644 71.333 313,057 17.964 1,000 61.247 5.000 57.248 44,924 306.813 954.941 11,082,463) 179.291 Foodbank - provKles a 5 day per week food and support service lo the most vulnerdble, funded through Birmingham City Council and donations Future Proof - is a project for older people helping them lo rernain in Iheir own homes for longer. fvnd8d through Bimiingham City Council Northfield Neighbourhood NeoIk Scheme is a projeci supporting community assets 10 build capacity fvnd8d through 8imingham City Council Beach Project- Northfield Beach is a free community and Arts feStal, funded through the Art5 Councll Reaching Communities- funding in respect of salary costs and property renlal through Ihe National Lottery Household Support Fund - a project supporting vulnerable citlzens through the st of livlng crisls Digitsl Lending Library- provides support and davices to build digital skills to citizens over So. lunded through the Heart of England and Birmingham City Council Warm Welcome - a fvnd lo provide warm spaces for citizens to have a hol drink and a meal, funded through Bimingham City Council work wth farnilies to prevent them entering Statutory servic85. fijnded via Birmingham City Early Help Council Pathfinder- part of the Ihe Eady Help program. funded through Blrmingham Children's Trust Digital Literacy INNS) - is a project to build digital Gapa¢ity amongst community assets Birmingham City Wlde, funded through 8irningham City Council -27-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestrlcted fund5 The unrestricted funds of the tharity comprise the unexpended b8lancÈs of donations and gr2nls which are not subjeGI to specific condilions by donors and grantors as to how they may be used. These include designated funds whtch have been sel aside out ol unreslricled funds by the trustees for specific purpos2s. Transfers At 31 MarGh 2024 At 1 Aprll 2023 InGoming resources Resources expended General funds 117.409 176.957 1214,766} 133,4151 46,185 Previous yeaT: At l April 2022 Incoming resources Resourcos expended Transfors At 31 Pllarch 2023 General fund5 104.939 66.444 (53,974) 117,409 19 Analysis of net assets bgtwoen funds Unr8strfGtsd lunds 2024 RestriGtad funds 2024 Total 2024 At 31 March 2024: Tangible assets Current asselsl{liabilitAes) 12,511 33.674 12.511 650.569 616,895 46,185 616.895 663.080 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Tangible assets Currenl assets1{liabilitiesl 13,005 104,404 13.005 283,695 1 T9.291 117.409 179.291 2g6,700 -28-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operatin9 lease commitments Al the reportlng end dale the charlty had ouistanding commitments for futur8 minimum lease payments undeT non-cancellable operating leases, which fall due as follows: 2024 2023 Wtihin on8 year Behueen tsvo and flve years In over five years 45,033 127,100 140,425 46.817 117.667 175.000 312.558 339,484 21 Related party transactlons Transactlons wtth related parties During the year. the charity made payments of £46,75012023.- £45.6501 lo Andrew Clarke. a trustee, who is the landlord of a propety leased by Northfield Communty Partnership. During the year, the charity made payments of £59,48812023.. EO) lo Northfield Arts Forum for which Naomi Wood, a trustee. acts as Artistic Director and Facilitator. A balanc8 of £3,000 (2023: £0) is induded within trade Gredilors as at the balance sheet da18. owlng lo Naomi Wood in respect of markeling servlce5 provided, These transactions hav8 been CondLtCd under nom181 markel condillons. 22 Cash generated Irom operatlons 2024 2023 sulusI(afiCil) for the year 366.380 (115.0521 Adjustmenls for: Investment incomts recognised in stslement of financial activities Depreciation and impairmenl of tangible fixed assets 168.8231 3,743 165.4441 4.335 Movements in working capi121'. (Increase)Idecrease in debtors Increase in creditors (23,9261 44.239 70.647 36,684 C35h generated froml{absorbed by) operatlons 321.613 168,8301 -29-
NORTHFIELD COMMUNITY PARTNERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysis of Ghango¥ in net funds Th9 charity had no material dobt during the year.