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 0￿er 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 a￿aS 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 dete￿Ined 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 cl￿1¢. 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. NORTHE￿LD *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 Cou￿8 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 re￿pients of these funds_ The NNS grdnl funds are paid Ihrough the Heart of England Community Foundalion and are oVe￿een 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 ex￿ed £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 rrtS4￿ts 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 Ne￿Ork 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 ne￿ork which is an intergenerational netwoth bringing oldpr and younger people together. Induction and trainlng of tn￿taeS 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 rneth￿S 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 finan￿al 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 A￿o￿ntIng 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 con￿rn, 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 p￿Pared 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 frJgnised 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