Charity registration number 1157711 (England and Wales) Company registration number 04349864 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NORTHFIELD COMMUNITY PARTNERSHIP - A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms C Corrigan Ms N Wood Mr A Clarke Mr LA Sutton Mrs C E Mader Mr R Hill Mr S P Dempsey (Appointed 1 September 2024) (Appointed 19 September 2024) (Appointed 12 December 2024) Charity number 1157711 Company number 04349864 Registered office 693-695 Bristol Road South Northlield Bimingham B312JT Auditor Omierod Rutter Limited The Oakley Kiddemiinster Road DrOitr￿Ch Worcestershire WR9 9AY Baiikers Lloyds Bank plc Northfield Bimiingham West Midlands B312NP NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) CONTENTS Page Introduction from the Chair TTustees' report 2-10 Independent auditorfs report 11-13 Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes to the finanLial statements 17-33 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) INTRODUCTION FROM THE CHAIR FOR THE YEAR ENDED 31 MARCH 2025 l am very pleased to welcome you to this yearfs NCP report. This has continued to be a challenging time for the VCFS across Binningham and l am pleased to report that at NCP we have been able to embrace these challenges and continue to grow and develop. Our established projects continue to go from strength to strength with the Food Pantry operating at capacbty, providing a range of support services to people attending the Pantry and enabling people to not only buy food but get help with digital inclusion. Household Support Fund and IAG. Our Family Wellbeing Team has developed significantly Sin￿ it was set up. Becoming an 'inhouse' serwce has meant the team are able to be very creative in how they deliver support. Their sessions at Northfield Library has enabled them to respond to changing needs within Northfield and tailor support to where it is most needed. Northfield Neighbourhood Network Scheme continues to thrive and the Bridge Builders project developed within the younger strand of NNS has enabled younger adults wtth leaming disability. who are neurodivergent or who have mental health challenges, to access sep4ices and activities in their local area through establishing a relationship with a trained volunteer. A difficult decision was made to not run a beach event in the summer of 2024. This was due to capacity issues. We look forward lo the retum of Northfield Beach next year. We have spent considerable time during this year actioning our sustainability policy and taking steps to help us secure a building that will enable us to increase our income generating capacity. We are currently involved in Community Asset Transfer discussions with Birmingham City Council in respect of Oddingley Hall. We also welcomed the West Midlands Metro Mayor to our hub in Northfield and are looking forward to fijrther discussions. bringing togelher a range of stakeholders, on how we Gan support the local Northfield economy. We are pleased to be one of the lead organisations in South Birmingham overseeing the dislribution of the Fairer Futures Fund. supporting Northfield residents to access support to improve their health outcomes. We continue to benefit from Shared Prosperity Funding to support our projeds and enable us to support other organisalions within Northfield as part of our community anchor role. Our staff conlinue to deliver high quality provision to local residents, going above and beyond on a daily basis. I wish to thank all of our staff for their dedication and commitment to the people of Northfield constituency. l also wish to thank all of our stakeholders and funders for Iheir ongoing support in another year filled with challenges and opportunities. Carmel Corrigan Chair Date: 15112125 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. 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 goveming document. the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordan￿ with the FinancÈal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Change of name The charity passed a special resolution on 6 June 2025. changing its name from Northfield Community Partnership Limited lo Northfield Community Partnership - A Community Development Trust ￿mIted. Objectives and activlties The promotion foi Ihe benefil of Ihe publiG of urban 01 rutal wenerdtion iri ÉlceÉlS uf bu￿al and ewnomiG deprivalioii (and in the Area of Benefft) by all or any of the following means= (a) the relief of financial hardship (b) the relief of unemployment (c) Ihe advancement of education, training. or retraining. particularly among unemployed people, and providing unemployed people with work experience (d} the provision of financial assistance, tethnical assistance or business advi￿ or consullanw to provide training and employment opportunities for unemployed people in cases of ffinancial or other charitsble need through help= (i) in setting up their own business. or (li) to existing businesses {e) the crealion of training and employment opportunities by the provision of workspace. buildings. andlor land for use on favourable terms (fj the provision of housing for those who are in conditions of need and Ihe improvement of housing in the publi sector or in charttable ownership provided that such power shall not extend lo relieving any local authorities or other bodies of a statutory duty to provide or improve housing (g) the rna1ntenan￿. improvement, or provision of public amentties (h) the preservation of buildings or sites of historic or arthitectural impjrtan (i) the provision of recreational faciltties for the public at large or those who by reason of their youth, age, infimiity or disablement, financial hardship or social and economic circumstances. have need of such facilities= (J.) the protection or conservation of the environment.. (k) the provision of public health facilities and childcare.. {[) the promotion of public safety and prevention of crime.. (m) such other means as may from time to time be detemiined subject to the prior written consent of the Charity Commissioners for England and Wales. 3.2 To develop the capacity and skills of the members of the socially and economically disadvantaged community in the Area of Benefti in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society- Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Summary of the main activities in relation to those purposes for the public benefiL in particular, the actlvlties, projects or services identified in the accounts Northfield Community Hub - offers a range of Health and Wellbeing Serbices for public use. These include free inlernel access, Employment support, Housing and Benefit Advi￿, Sexual Health clinic. BID services, digital training. volunteering opportunities. Northfield Neighbourhood Network Scheme - working with community assets to build and resource capacity and preventative activities across the Northfield Constituency. Family Wellbeing Team - providing support and advice for Children. Families and young people across the Northfield Constituency. Digltal NNS - working in Birmingham cty wide with cornmunity assets to build digital capacity across neighborhoods. Future Proof Over 50s Scheme - working with over 50s to help Citizens remain independent for longer. Digital Lending Library- provide support and advice and access to digital devi￿. Household Support Fund- small support grants to support citrzens through the cost-of-living crisis. Foodbank- 5 day per week foodbank. Fuel bank- provide citizens with vouchers to support utility poverty. Digital Lending Library - providing training and free devices to address Digital Poverty. Digital NNS- building digital capaoty amongst Neighbourhood Network schemes City Wide. Chaos to Order- Hoarding project in partnership with Clouds End CIC. Shared Prosperity Fund Program- capacity building organisations with infrastructure funding. Food Panty-Afft>rdable food membership project. Bridge Builders- Peer Mentoring scheme for YoungerAdults disabilities and Mental Health. IAG - InforTnation Advi￿ and Guidance support for Older People & Families. Launch of Community Development Plan and govemance change to become Communty Development Trust. NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 . IQUII 4U %87 2. NORTHFIELD COMMUNITh PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 yia NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomiance Summary of the main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole NCP delivers a wide range of projects and services in a Holistic way, ensuring services are delivered in a preventative manner. building strong partnerships across the South of Bimiingham vthich enhance and provide a whole life course approach to enable Citizens and communities to flourish. Below are some of our key achievements during 2024r25. The charity was successful in applying for and being awarded a communty asset transfer which will fomially signed over in September 2025 from Birmingham City Counal Developing the Fairer Futures Business plan frir the South. detailing and leveraging investment to the south of the locality for £900,700 commitment from the fairer futures fund for groups to apply to through the South Locality grants program. Establishment of the Family wellbeing team providing support for Citizens with English as a second language, victims of domestic abuse and children with Send needs. The CEO received an invitation to Downing Slreet in acknowledgement of the charitie5 work. Truslees are infomied and make relevant decisions on the nature of activities and projects in alignment with the charities purposes as laid out within our governing documenL The trustees have kept up to date with the guidance issued by the chaiity commission guidance and have not made any decisions which deviate from this guidance. Policy on grant making The Charity acts as a broker through contracts such as Northfield Neightjourhood Net4¥ork Scheme, Digital NNS and the Household Support Fund, to engage citszens and groups who are recipients of these funds. The NNS grant fvnds are paid through the Heart of England Community Foundation and are overseen by a grants panel which NCP sils on. All payment of monies and legal responsibility is facilitated by the Heart of England Foundalion. Small Micro grants of up to £5CM) are administered through NCP. with a full administrative pro￿dure dictated through the Heart of England Foundation. The Shared prosperity Fund was applied for and was successfvl in supporting capactty of other community organisations to provide extra benefit in line with NCPS overall objectives. The Household Support Fund is administered by BVSC with no payments being made by NCP other than to those that have no bank account, and to a maximum of £200 which ts paid in vouchers not in cash, as pertained in our grant making policy. Contribution made by volunteers NCP works with a large range of volunteers to help to deliver the seTvices and projects of Ihe charity. Volunteers re￿1ve training and induction and DBS checks if required. The Trustees recognise the vital role that volunteers paly in the delivery of NCP fijnctlons. NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 349 8enefits & W¢lfarc Advice 139 Bridge Builders 1817 Food Paniry 8us passes Fin ncial usion erra o@@o@@ 236 Clou Chaos to 369 Comput￿$ ioi Fuel Databan Future Aavice 593 Oigital Literacy Project DA Support 270 Em loyment Sdvice 646 Information & Enquiries 2486 Househ Id Laptop oans li Mtgrant Supp￿1 Send Support 190 unteering ions Vo NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Funding We are entering our third year of Reaching Communities fjjnding, and we are on course to meet all of our sustainability plan targets, which have included strengthening our govemance, diversifying our funding streams and becoming a Community Development Trust to expand the charities. funclion and reco9nise our strategic aims and reach as a Community Anchor Organisation_ Our new Community plan is taking shape and will harness opportunities which provide opportunities for local investmenl by strengthening links with business colleges and employers. We received a visit from the West Midlands Combined Authority Mayor Richard Parker and we will present our community plan to him and the leader of Birmingham City Council once finished. We received funding to deliver a local grants program through the fairer futures fund again building capacity amongst other community organisations. NCP is joint lead for the Fairer futures fund for the south which is working Wlth the ICB and other health colleagues to leverage investment for health priorilies across the ctty SPF rTionieb Ii Net current assets 656,293 650,569 Total assets less current liabililles 676,982 663,080 The funds of the charity Restricted income funds Unrestricted funds 5C6.553 170.429 514,951 148.129 21 676.982 663.080 The company is entitled to the exemption from the audit requ1￿1￿errt Contsined in section 477 of the Companies Act 2006. for the year ended 31 March 2025. The d1￿ctOrS acknowledge their tesponsibiltlies for cornplying with Ihe requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial stalements undei the ￿quIreMents of the Companies Act 2006. for the year in question in accordan￿ with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 15 December 2025. Ms C Corrtgan Trustee Company registration number 04349864 (England and Wales) 15- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activtties Cash {absorbed by)Igenerated from operations 25 (37.55n 321,613 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received (13.649) (3,248) 657 68,823 Net cash generated from investing activities 35.968 65,575 Net cash generated from financing activities Net (decrease)fincrease in cash and cash equivalents (1,589) 387,188 Cash and cash equivalents at beginning of year 630.340 #VALUEI Cash and cash equivalents at end of year 628,751 630,340 16- NORTHFIELD COMMUNITY PARTNERSHIP -A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Northfield Community Partnership - A Community Development Trust Limited (Previously known as Northfield Community Partnership Limited) is a private company limited by guarantee incorporaled in England and Wales. The registered office is 693-695 Bristol Road South. Northfield. Birmingham, B312JT. 1.1 Accounting convention The financial statements have been prepared in accordan￿ with the charity's governing document, the Companies Act 2006, FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102°) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended practi￿ applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effe(aive 1 January 2019). The tharity is a Public Beneflt Eniity as deltned by FRS 102. The financial statements are prepared in sterfing. which is the functional currency of the charity- Monetary amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting poli￿eS 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 adequale resources to conlinue in operational existence ft)r 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 fijrtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legalty entitled to it after any performan￿ conditions have been met, the amounls can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recogni5ed once the charity has been notified of the donation, unless perfomiance 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 rfthe charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from govemment grants and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met. it is probable that the income will be received and the amount r2n be measured reliably. If enlitlement is not met. then these amounts will be deferred. 17- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliabEy. Expenditure is classified by activty. The costs of each activity are made up ofthe total of direct costs and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned behveen those activities on a basis consistenl wilh the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Leasehold improvements Plant and equipment Computer equiwient Motor vÈhidÈs 20% Straight Line 250/0 Straight Line 250kn Reducing Balan 25¥ts Reducing Balan The gain or loss arising on the disposal of an asset is determined as the dtfference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial aclivities. 1.7 Impairnient of fixed assets At each ￿pOrting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-term liquid inveslments with original maturities of three months oi less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financlal Instruments The charity ha5 elected to apply the provisions of Section 11 'Basic Finanaal 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 paty to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slatements. 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. 18- NORTHFIELD COMMUNITY PARTNERSHIP -A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continuedl Basic financial assets Basic financial assets, which include debtors and cash arKI 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 finanang transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as re￿1Vable wilhin one year are not amortised. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction pri￿ unless the arrangement constitules 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 dassified 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 Servi￿ 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. thoy aro presantod as non-cu￿0￿1 liabilitios. Trade creditors 9re recognised initially at transo¢tion price and subsequently measured at amortised cost using the effective interest methcKI. Derecognition of financial liabilities Finan￿al liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entttlement is recognised in the peri¢)d in which the employee's services are re￿ived. Terrnination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the eTnployment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefft schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting poliaes. the trustee5 are required lo make judgements, eslimates 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 ongoin9 basis. Revisions lo accounting estimates are recognised in the period in which Ihe 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. 19- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Tolal Unrestricted Restrictsd funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 12.093 670.809 14.633 690.809 2,035 815,746 2,035 815,746 20,0(XI 22.540 682.￿2 705,442 817.781 817.781 Income from charitable activities Grants 2025 Grants 2024 servI￿s provided under contract Other income 678,958 9.468 803,567 4.371 688,426 807,938 Analysis by fund Unrestricted funds Restricted funds 108,134 699,804 687,086 688,426 807.938 Income from other trdding activities Unrestricted Unrestricted funds funds 2025 2024 Fundraising events -20- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Rental income Interest re￿1vable 43.939 5.021 67,392 1,431 48,960 68,823 Expenditure on raising funds Unrestricted Unrestrrcted funds funds 2025 2024 Fundraising and publicity Slaging fundraising events 116 21 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable activities Charitable activities 2024 2025 Direct costs Staff costs Advertising and promotions Beach costs Charitable contributions Computer costs Legal and professional Rent Sundry Project costs Staff expenses 715.649 2.301 10.598 70.705 672.902 7.377 106.551 41.298 5,992 3.000 118.024 9,390 175.549 4,936 16.500 10.212 22,568 323.705 4.689 1.177,227 1,145.019 Grant funding of activities (see note 9) 79.779 66,598 Share of support and governance costs (see note 10) Support Goveman 116.723 55.383 73.798 42,747 1.429.112 1,328,162 Analysls by fund Unreslricted funds Restricted fijnds 48,226 1.380.886 214,766 1.113,396 1,429.112 1.328.162 Grants payable Charitable activities 2025 Charitable activities 2024 Grants to institutsons: Other 79.779 66,598 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs allocated to activities 2025 2024 Depreciation Bank charges Office and general admin Cleaning Rent and rates Subscriptions Motor and travel expenses Sundry Governan￿ Gosts 4,657 439 40,778 7,953 55,743 3,743 99 27,628 25.340 10,862 1.182 1.559 3,385 42,747 1.716 4,436 55,383 172.1C 116,545 Analysed between: Charitable activities 172.1( 116,545 2025 2024 Governance costs comprise: Audit fees Accountancy Legal and professional 11.520 16,866 26,997 11,676 3,492 27.579 55.383 42,747 11 Net movement in funds 2025 2024 The net movement in funds is stated after charging1(crediting): Fees payable for the audit of the charivs financial ststements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 11.520 4.657 11,676 3,743 12 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. -23- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Employees 26 24 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 650,267 52,826 12.556 613,391 49,013 10,498 715.649 672.902 No redundancy and temination payments were paid during the year (2024.. £7,036). The number of employees whose annual remuneration was more than £60,000 is as follows: 2025 Number 2024 Number £90.001- £100.000 £110,000- £120,CIJO Remuneration of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 324,986 253.094 Key management personnel The key management personnel are represented by 6 employees. The total employee benefits of the key management personnel We￿ £324.986 (2024: £253.094). -24- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Other expenditure Restricted Restricted funds funds 2025 2024 Net loss on disposal of tangible fixed assets 15 Taxation The charity is exempt from taxation on its 8Ctivibes because all its incomc is applicd for charitable Purpo￿￿. 16 Tangiblefixed assets L￿ehOld Plant and ¢qulpmonl Computer equipment Motor vehicles Totsl Cost At 1 April 2024 Additions Disposals 46,211 13.834 6.001 22.111 3,148 3,860 4,500 (3.860) 86,016 13,649 (3.860) At 31 March 2025 46,211 19.835 25.259 4.500 95,805 Depreciation and impainnent At 1 April 2024 Depreciation charged in the year Eliminaled in respect of disposals 46.211 13.834 10.414 3,179 2.639 73.098 4.657 {2,639) (2.639) At 31 March 2025 46.211 14,468 13,593 75.116 Carrying amount At 31 March 2025 5,367 11.666 3,656 20.689 At 31 March 2024 11,697 814 12,511 17 Debtors 2025 2024 Amounts falling due within one year. Trade debtors Prepayments and ar￿Ued In￿Me 67.574 91,775 48,896 62,617 159.349 111,513 -25- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Creditors: amounts falling due within oneyear 2025 2024 Other taxation and social security Trade creditors Other creditor5 Accruals and deferred income 12,048 41.368 3,334 75,057 18,440 28,595 5,511 38,738 131,807 91,284 19 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 12,556 10,498 The charity operates a defined contribution pension scheme for all qualifying ernployees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -26- NORTHFIELD COMMUNITY PARTNERSHIP- A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources expended Transfets At 31 March 2025 Foodbank Future Proof Northfield Neighbourhood Ne￿OrK Scheme Early Help (BVSC) Household Support FuThJ NNS Digital Clouds End SPF NCP 43,704 18,777 12.748 48.0 (2.539) {45.195) 4.025 57,938 21.582 44.614 35,557 24,645 23,240 26,165 155,623 152,727 46.255 97,798 92,0￿$ 175.0(K) 464.8t 1148,74n (65.913) (99.169) (82.891) (188.879) (508.882) {975) (7.894) 48,594 15.899 23.274 32.349 12,286 111,547 Winter food Aid Cost of Living Fund Dads Programme Compassionate Communities Building Bridges Heart of England Lottery Fund (Reaching Communiti'es) NNS Microgrants Fund SPF - Loconomy Tresure Tour Beach Project IAG Funding for Families Food Provision Top Up Grant Supported Family Network Yellow Bus Event (4,025) 51,702 3,525 13,092 1,074 49,997 43,808 3.525 5.236 3,215 (7,856) {8,859) (40.003) 11.0(NJ 11,686 166.771 20.tKM) (98,786) (20.024) (6.550) (2,098) (10.188) (32.348) (197) (3,457) 79,671 24 2.1C 7.148 45.338 197 20.¢￿0 8.1 12,990 16.543 8.100 514.951 1.369.988 (1,381,450) 506.553 -27- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds (Continued) Previous year. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Foodbank Future Proof Northfield Neighbourhood Network Scheme Early Help {BVSC) Beach Project Household Support Fund NNS Digital Clouds End SPF NCP Winter Food Cost of Living Fund Da¢as Programme Compassionale Communities Building Bridges (Fairer Futures) Heart of England- Income Maximisation Lottery Fund NNS Micro Grant Fund SPF- Loconamey SPF - The Project 22.812 12,248 33,711 122.778 (12,819) (116.249) 43.704 18.777 44.802 23,452 151,676 185.025 67.109 162.027 90.11XJ 100.000 223.147 (151,864) (172.920) (99,814) (106.771) (66.860) (13,835) (67.524) 44.614 35,557 32.705 (44.834) 14,223 ?4 645 23,240 26.165 155,623 5,000 51.702 3,525 13,091 74. 4.(KlO 32.tK)o (23.198) (475) (18.9)9) (7.926) 1,074 49.997 166.167 12.(JXJ 22.1 6.947 49,997 11.686 (159.125) (12,710) (15.450) {6.94n 710 6.550 122,181 1.517.585 (1.113.396) (11.419) 514,951 -28- NORTHFIELD COMMUNITY PARTNERSHIP -A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds {Continued) Foodbank - provides a S day per week food and support service to the most vulnerable, funded through Birmingham City Council and donations Future Proof - is a project for older people helping them to remain in their own hornes frjr longer. funded through Bimiingham City Counctl Northfield Neighbourhood Network Scheme - is a project supporting community assets to build capacity - funded through Birmingham City Council Beach Project - Northfield Beach is a free communty and Arts festival. funded through the Arts Council Reaching Communities- funding in respect of salary ojsts and property rental Ihrough the National Lottery Household Support Fund - a project supporting vulnerable citizens through the cost of living crisis. Digital Lending Library - provides support and deVI￿S to build digttal skills to citizens over 50. fvnded through the Heart of England and Birmingham City Counal Warm Welcome - a fund to provide wann spa￿S for citizens to have a hot drink and a meal, funded through Birmingham Cty Coun¢il Early Help work wilh families to prevent them entering statutory services, funded via Bimiingham City Council Pathfinder- part of the the Eady Help program. fijnded through Biryningham Children's Trust Digital Literacy INNS}- is a project to build digital capacity amongst community assets Bimingham Cty Wide, funded through Birmingham City Council Clouds End - Clouds end hoarding project is a partnership project between NCP and Clouds end CIC. working to support Citizens with Hoarding behaviours through Practical and emots.onal support. Shared Prosperity Fund - The SPF project supported the development of the new food pantry. digital literacy Project and the woik of the organisalion to become a community development Trust Cost Of Living Fund - The cost-of-living fvnd project provides infom)ation advi￿ and guidan￿ to low-inGome citizens -29- NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are nol subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside OLrt of unrestricted funds by the trustees for specffic purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General fvnds 148.129 73.7( (48.342) (3,064) 170,429 Previous year: At1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General fvnds 174,519 176,957 (214.766) 11,419 148,129 22 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities) 20.689 149.740 20,689 656,293 506,553 170.429 506,553 676.982 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilFties) 12,511 135,618 12,511 650,569 514,951 148.129 514.951 663,080 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Operating lease commitments At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows.. 2025 2024 Wrthin one year Beiween two and five years In over five years 49,7 147,825 156,tKNJ 53,700 149,100 200.092 353.525 402,892 Related party transactions Transactions with related parties During the year, the charity made payments of £48,000 (2024: £46.750) to Andrew Clarke, a trustee. who is the landlord of a property leased by Northfield Community Partnership. During the year. the charity made payments of £101.388 (2024: £59,488) to Notthfield Arts Forum for which Naomi Wood. a trustee. acts as Artistic Director and Facilitator. A balance of £nil {2024.. £3,000) is included wtthin trade creditors as at thc balancc shcct datc, owing to Naomi Wood in respect of marketing sen41￿5 provided. These transaclions have been conducted under normal market conditions. -31 NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Cash (absorbed by)Igenerated from operations 2025 2024 Surplus for the year 13,￿2 366,380 Adjustments far: Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets 148.960) 157 4.657 (68.823) 3.743 Movements in working capital: {Increase) in deblors InGrea3e in creditors (47,836) 40,523 (23.926) 44,239 Cash (absorbed byllgenerated from operations (37.55n 321,613 26 Analysis of changes in netfunds The charity had no material debt during Ihe year. 27 Prior period adjustment The financial statements for the prior period have been restated to corroct a material arror in tho cla88ifi¢ation of funds beh¥een the restricted and unrestricted resep4es. The misclassification related to the HSF fund. where costs totaling £101.944 were incorrectiy charged against unrestricted funds in prior periods instead of restricted funds. A prior period adjustment of £101,944 has been made to restate the opening fund balances and more specifically the HSF fund in the current period. NORTHFIELD COMMUNITY PARTNERSHIP-A COMMUNITY DEVELOPMENT TRUST LIMITED (PREVIOUSLY KNOWN AS NORTHFIELD COMMUNITY PARTNERSHIP LIMITED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 28 Prior period adjustsnent Changes to the balance sheet At 31 March 2024 As previously Adjustment reported As restated Income funds Restrrcted funds Unrestricted funds 616,895 46.185 (101.944) 101,944 514.951 148,129 T¢)tal oquity 663,080 663,080 Changes to the profit and10ss account Period ended 31 March 2024 As previously Adjustment As restated Net movefflent in funds 366,380 -33-