Charity Registration Number: 1162667
Networking in East Oldham Neighbourhoods (NEON)
(A Charitable Incorporated Organisation) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS For The Year Ended 31 March 2022
Networking in East Oldham Neighbourhoods (NEON)
CONTENTS
| Page | |
|---|---|
| Members of the Board and Professional Advisers | 2 |
| Trustees’ Annual Report | 3 - 5 |
| Independent Examiner’s Report | 6 |
| Receipts and Payments account | 7 |
| Statement of Assets and Liabilities | 8 |
| Notes to the Financial Statements | 9-10 |
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Networking in East Oldham Neighbourhoods (NEON)
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS
| Organisation Name | Networking in East Oldham Neighbourhoods (NEON) |
|---|---|
| Charity Number | 1162667 |
| Registered Office | Neon Hub |
| Holt Street | |
| Greenacres | |
| Oldham | |
| OL4 2DQ | |
| Trustees | L. Whitby |
| J. Connor | |
| J. Thorpe | |
| C. Lawson | |
| D. Wilkinson | |
| K. Taylor-Bradley | |
| W. Needham | |
| A. Stanton | |
| Accountants | Community Accounting Lancashire C.I.C. |
| Foxfields | |
| 9 Norley Close | |
| Chadderton | |
| Oldham | |
| OL1 2RA | |
| Bankers | Virgin Money |
| 47 Market Place | |
| Oldham | |
| Lancashire | |
| OL1 3AB |
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Networking in East Oldham Neighbourhoods (NEON)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The trustees for the purposes of charity law, present their annual report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Structure, Governance and Management
Governing Document
Networking in East Oldham Neighbourhoods is constituted as a charitable incorporated organisation (CIO) registered with the Charity Commission on the 15[th] of July 2015 under charity registration number 1162667.
Organisational Structure and Trustees Responsibilities
The charity trustees are responsible for the general control and management of the charity. The trustees are volunteers and receive no remuneration or other financial benefit.
The trustees meet together as a body monthly and are responsible for all decisions taken in relation to the smooth running of the charity and the management of the community centre known as the NEON Community Hub. A key part of achieving the objectives of the charity depends on working in partnership and trustees roles include the following:
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Meeting with a range of partners on future projects to benefit the community
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Organising joint community events at the Community Hub
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Submitting appropriate funding applications
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Liaison with partners providing current activities in the Community Hub
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Day to day management of the Community Hub
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Maintaining and updating all policy documents
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Financial management
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Negotiating a long- term building lease agreement with the Local Authority for the Community Hub
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with legislation.. They are also responsible for safeguarding the assets of the charity and therefore for taking reasonable steps to prevent fraud and other irregularities.
The trustees have regard to the guidance issued by the Charity Commission on public benefit, and discuss this at our trustees meetings where we plan and make decisions for the carrying out of our activities to which the guidance is relevant.
Recruitment and appointment of Trustees
The existing trustees are responsible for the recruitment of new trustees, but will involve professional support from partners when appropriate. This is to ensure a proper process is followed and all volunteers for a trustee position is treated equally and the appropriate criteria are used for selecting new trustees. The process includes invitations to trustee meetings as observers, visits to the Community Hub and discussion about the aims and objectives of the charity.
Induction and training of Trustees
Trustees take part in training events that include business planning for new trustees and future funding strategy. The trustees monitor the short and medium term plans to meet the aims and objectives set out in the CIO constitution, and sessions are held for new and existing trustees on the scope of their responsibilities under the Charities Act.
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Networking in East Oldham Neighbourhoods (NEON)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Risk Management
The trustees continue to assess the risks faced by the charity through its business planning process, including financial management and current and future revenue income.
The risk register includes identifying the risk, its likely impact, and how to minimise this impact on the charity. The charity has public liability insurance cover, which is renewed annually and regular checks take place to comply with the safe running of the community hub.
Appropriate Disclosure and Barring checks are made for all those working with children or other vulnerable groups within the Community Hub.
Objectives and Activities
The charity aims to further or benefit the residents of East Oldham and the surrounding neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinion by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare, for recreation, leisure time, occupation with the objective of improving the conditions of life for the residents.
These objectives reflect the nature of the East Oldham and surrounding neighbourhoods in terms of social and economic deprivation, which in turn means many local residents suffer from both physical and mental health problems and lack the financial means to take up activities and learning opportunities by themselves.
Achievements and Performance
The trustees continue to insist on an open door and friendly approach to anybody who visits the Community Hub. Working with a range of partners to provide activities and advice that local residents want and need.
The biggest success of NEON has been the Queens Award for Voluntary Services, (the equivalent of an MBE for our organisation). This was awarded to us in June, presented to us by the Deputy Lord Lieutenant of Greater Manchester on behalf of Her Majesty Queen Elizabeth II. This was followed up by an invitation to the Queens Garden Party in 2022
Continuing each Wednesday the Citizens Advice Bureaux provide an advice surgery. The Men’s Club remains very active enjoying a range of activities from craft, woodwork, 3D printing and volunteering.
The partnership with Oldham Big Local, still managed entirely by residents, still funds several projects, including the healthy eating classes and Knit and Chat and the Men’s Group. The weekly ‘brunch session’, which remains highly popular and provides a vital contact point for many local isolated residents, is now only partially funded, with a small charge of £1.50 offsetting the over costs of this activity.
NEON involvement with “That Bread and Butter Thing” continues to grow. We now serve in excess of 130 packs per week, making us the primary delivery outlet in Oldham. This continues to be delivered each Saturday by a team of our volunteers
The Community Hub also provides space for organisations to meet and for local businesses to operate from. These can range a local Theatre Group “Spotlight”, Baby Reflexology, Bereavement café, and a Dance Troop. This provides a source of revenue that ensures the trustees can continue to deliver other activities free of charge for local residents.
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Networking in East Oldham Neighbourhoods (NEON)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Future Plans
The trustees remain committed to consolidating the Community Hub’s presence so local residents see it as a place that is both relevant and useful to improving the quality of their lives to:
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Expand our relationship and partnerships that promote health and wellbeing activities, and in particular Mental Health Support
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Obtain funding to refurbish Hub facilities and increase our rental space
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Increasing the capacity of the trustees though new members and further training such as First Aid, Food Hygiene and Mental Health first aid
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We remain committed to securing long term funding to employ a staff member to reduce the time spent by trustees on day to day management of the Community Hub
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Increase our volunteer base, and provide suitable and appropriate training and support
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Promote the work of the trustees through continual use of social media, including a web site.
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Remain committed to securing funding for longer-term projects that both involve and benefit local residents in the planning and provision of activities.
Financial Review
NEON continues to manage its finances in a diligently, with a keen eye on both its income and expenditure. With our income general split from two sources, room hire and grant awards, we have used the majority of our income to overcome the financial losses due to COVID.
NEON operates a reserve policy, with funds set aside to address any shortfall in regular income, and to maintain financial stability.
Approved by the Board of Trustees on the 19[th] of January 2023 and signed on their behalf by:
David Wilkinson Chair
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Networking in East Oldham Neighbourhoods (NEON)
REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF NETWORKING IN EAST OLDHAM NEIGHBOURHOODS (NEON)
FOR THE YEAR ENDED 31 MARCH 2022
I report on the accounts for the year ended 31 March 2022 as set out on pages 7 to 10.
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider an audit is not required for this year under section 144 of the 2011 Act, and that an independent examination is needed.
It is my responsibility as independent examiner to:
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~ examine the accounts under section 145 of the 2011 Act
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~ follow the applicable Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and
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~ to state whether particular matters have come to my attention
Basis of Independent Examiners Report
My examination was carried out in accordance with the Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiners Statement
I have completed my examination for the year ended 31 March 2022.
I can confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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~ accounting records were not kept in accordance with section 130 of the 2011 Act or
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~ the accounts do not accord with the accounting records to comply with the accounting requirements of the 2011 Act
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
19[th] January 2023
Miss Jacqueline Bird F.M.A.A.T.
Community Accounting Lancashire C.I.C. Foxfields 9 Norley Close Chadderton Oldham OL1 2RA
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Networking in East Oldham Neighbourhoods (NEON)
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Funds Restricted Funds 2022 2022 RECEIPTS Notes £ £ Grants 2 30,096 - Donations 3 381 - Room Hire 11,852 - Cooking Group 450 - Cooking Ingredients 653 - Sundries 65 - Interest Received 26 - TOTAL RECEIPTS 43,523 - PAYMENTS Charitable Donations 4 1,240 - Men’s Group 1,955 - Sessional Worker 600 - Postcode Lottery 180 - Cooking Classes Ingredients 898 - Coffee Machine 1,513 - Kitchen Equipment 256 - Craft Materials & Equipment 45 - Fish Tank 752 - Computer Equipment 35 - IT Software & Consumables 2,871 - Furniture, Fixtures & Fittings 115 - Gardening & Outdoor Equipment 126 - Office Equipment 280 - Photocopier Costs 532 - Printing & Stationery 265 - Postage & Courier Costs 220 - Utilities (Power, Heating & Water) 5,097 - Insurance 327 - Repairs, Maintenance & Refurbishment 5 9,979 - Advertising & Marketing 80 - Telephone & Internet 1,462 - Cleaning Costs 2,356 - Uniforms 2,049 - Volunteer Expenses 1,043 - Travel Costs 1,550 - Subscriptions & Licences 615 - Accountancy Fees 1,620 - Covid-19 Costs 13 - Bank & Paypal Charges 7 - Miscellaneous 81 - TOTAL PAYMENTS 38,162 - Net of receipts/(payments) 5,361 - Cash funds at 31 March 2021 12,908 - Cash funds at 31 March 2022 6 18,269 - |
Total Funds 2022 £ 30,096 381 11,852 450 653 65 26 43,523 1,240 1,955 600 180 898 1,513 256 45 752 35 2,871 115 126 280 532 265 220 5,097 327 9,979 80 1,462 2,356 2,049 1,043 1,550 615 1,620 13 7 81 38,162 5,361 12,908 18,269 |
Total Funds 2021 £ 15,450 2,373 6,136 - - - 3 23,962 1,619 764 - - 2,719 791 - - 335 595 812 - - 14 296 60 3 2,360 313 9,893 914 957 1,559 - 1,555 1,303 1,624 - 441 - 3,419 32,346 (8,384) 21,292 12,908 |
|---|---|---|
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Networking in East Oldham Neighbourhoods (NEON)
STATEMENT OF ASSETS AND LIABILITES
FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Funds Restricted Funds 2022 2022 £ £ CASH FUNDS Bank (Current) 12,821 - Bank (Deposit) 5,516 - Paypal (68) - 18,269 - LIABILITIES Fee for Independent Examination Additional Accounts Work |
Total Funds 2022 £ 12,821 5,516 (68) 18,269 560 160 720 |
Total Funds 2021 £ 7,876 5,032 - 12,908 560 500 1,060 |
|---|---|---|
The financial statements were approved by the Board of Trustees on the 19[th] of January 2023 and signed on their behalf by:
David Wilkinson Chair
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Networking in East Oldham Neighbourhoods (NEON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
1. Receipts and payments accounts
Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context “cash” includes cash equivalents, for example, bank accounts where cash can be readily withdrawn to pay for debts as they become due.
2. Grants Received
| Unrestricted Funds Restricted Funds 2022 2022 £ £ Acts 435 805 - OMBC Doorstop Testing 2,200 - National Lottery (Covid Recovery) - - National Lottery 12,320 - Action Together 2,711 - OMBC One Oldham Fund 4,810 - Oldham Big Local 3,500 - GMVCO Mental Wellbeing 2,530 - First Choice Homes (FCHO) 720 - Groundwork (Men’s Group) 500 - Forever Manchester - - Adobe (Double Exposure Camera Club) - - 30,096 - 3. Donations Received Unrestricted Funds Restricted Funds 2022 2022 £ £ Fairshare - - General Donations 381 - 381 - 4. Donations Made Unrestricted Funds Restricted Funds 2022 2022 £ £ Acts 435 1,240 - Greenacre Community Centre - - 1,240 - |
Total Funds 2022 £ 805 2,200 - 12,320 2,711 4,810 3,500 2,530 720 500 - - 30,096 Total Funds 2022 £ - 381 381 Total Funds 2022 £ 1,240 - 1,240 |
Total Funds 2021 £ 760 500 10,000 - 2,180 - - - - - 1,533 477 15,450 Total Funds 2021 £ 2,373 - 2,373 Total Funds 2021 £ 390 1,229 1,619 |
|---|---|---|
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Networking in East Oldham Neighbourhoods (NEON)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
| 5. Repairs, Maintenance & Refurbishment Unrestricted Funds Restricted Funds 2022 2022 £ £ Loft Conversion 3,500 - Flooring Installation 4,810 - Lighting Upgrade - - Unity Services IT Technical Works - - General Repairs & Maintenance 1,669 - 9,979 - |
Total Funds 2022 £ 3,500 4,810 - - 1,669 9,979 |
Total Funds 2021 £ 3,300 - 1,805 4,500 288 9,893 |
|---|---|---|
| 6. | Fund Analysis | |||||
|---|---|---|---|---|---|---|
| Fund Name | Balance as | Receipts | Payments | Transfers | Balance as | |
| at 1 April | at 31 March | |||||
| 2021 | 2022 | |||||
| £ | £ | £ | £ | £ | ||
| Unrestricted Funds | ||||||
| General Funds | 12,908 | 43,523 | (38,162) | - | 18,269 | |
| Restricted Funds | - | - | - | - | - | |
| TOTAL FUNDS | 12,908 | 43,523 | (38,162) | - | 18,269 |
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