REGISTERED CHARITY NUMBER: 1162667
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Networking in East Oldham Neighbourhoods
Clarity Accountants 1st Floor 107 Lees Road Oldham Lancashire OL4 1JW
Networking in East Oldham Neighbourhoods Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Networking in East Oldham Neighbourhoods Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
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.
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.
Page 1
Networking in East Oldham Neighbourhoods
Report of the Trustees for the Year Ended 31 March 2023
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:
• Expand our relationship and partnerships that promote health and wellbeing activities, and in particular Mental Health Support
-
Obtain funding to refurbish Hub facilities and increase our rental space
-
Increasing the capacity of the trustees though new members and further training such as First Aid, Food Hygiene and
-
Mental Health first aid
-
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.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Networking in East Oldham Neighbourhoods is constituted as a charitable incorporated organisation (CIO) registered with the Charity Commission on the 15th of July 2015 under charity registration number 1162667.
Recruitment and appointment of new 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.
Organisational structure
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:
-
Meeting with a range of partners on future projects to benefit the community
-
Organising joint community events at the Community Hub
-
Submitting appropriate funding applications
-
Liaison with partners providing current activities in the Community Hub
-
Day to day management of the Community Hub
-
Maintaining and updating all policy documents
-
Financial management
-
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.
Page 2
Networking in East Oldham Neighbourhoods Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new 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.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1162667
Principal address
Neon Hub Holt St Greenacres Oldham Lancashire
Trustees
D Wilkinson Chairman Ms J Williams (appointed 18.10.23) R Ainley (appointed 26.7.23) W Needham Trustee L Whitby Trustee Ms C Louise-Lawson Trustee Ms J Connor Trustee
Independent Examiner
Joanne M. Elliott FCA BFP FMAAT Clarity Accountants 1st Floor 107 Lees Road Oldham Lancashire OL4 1JW
11/14/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................................... Trustee
Page 3
Independent Examiner's Report to the Trustees of Networking in East Oldham Neighbourhoods
Independent examiner's report to the trustees of Networking in East Oldham Neighbourhoods
I report to the charity trustees on my examination of the accounts of Networking in East Oldham Neighbourhoods (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J M Elliott (Nov 18, 2024 11:20 GMT)
Joanne M. Elliott FCA BFP FMAAT The Institute of Chartered Accountants in England and Wales
Clarity Accountants 1st Floor 107 Lees Road Oldham Lancashire OL4 1JW
Date: .............................................11/18/2024
Page 4
Networking in East Oldham Neighbourhoods Statement of Financial Activities for the Year Ended 31 March 2023
----- Start of picture text -----
2023 2022
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,083 381
Charitable activities 5
General activities 85,400 42,013
Other trading activities 3 6,195 1,103
Investment income 4 60 26
Total 92,738 43,523
EXPENDITURE ON
Charitable activities 6
General activities 72,141 38,162
NET INCOME 20,597 5,361
RECONCILIATION OF FUNDS
Total funds brought forward 17,549 12,188
TOTAL FUNDS CARRIED FORWARD 38,146 17,549
----- End of picture text -----
The notes form part of these financial statements
Page 5
Networking in East Oldham Neighbourhoods
Balance Sheet
31 March 2023
----- Start of picture text -----
2023 2022
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Debtors 9 2,312 600
Cash at bank and in hand 36,653 18,337
38,965 18,937
CREDITORS
Amounts falling due within one year 10 (819) (1,388)
NET CURRENT ASSETS 38,146 17,549
TOTAL ASSETS LESS CURRENT LIABILITIES 38,146 17,549
NET ASSETS 38,146 17,549
FUNDS 12
Unrestricted funds 38,146 17,549
TOTAL FUNDS 38,146 17,549
11/14/2024
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 6
Networking in East Oldham Neighbourhoods Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
|
|---|---|
| Donations | 2023 2022 £ £ 1,083 381 |
| 3. OTHER TRADING ACTIVITIES Trading income |
2023 2022 £ £ 6,195 1,103 |
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continued...
Networking in East Oldham Neighbourhoods Notes to the Financial Statements - continued for the Year Ended 31 March 2023
4. INVESTMENT INCOME
| 4. INVESTMENT INCOME |
4. INVESTMENT INCOME |
|||||
|---|---|---|---|---|---|---|
| Interest receivable - trading 5. INCOME FROM CHARITABLE ACTIVITIES Activity Room hire General activities Sundries (other income) General activities Grants General activities Analysis of grants received in the year: Unrestricted Funds 2023 £ Acts 435 300 OMBC 4,230 B&Q 5,000 National Lottery - Action Together 32,712 OMBC One Oldham Fund - Oldham Big Local 17,748 GMVCO Mental Wellbeing - First Choice Homes (FCHO) - Groundwork (Men's Group) - Forever Manchester 1,000 60,990 Grants received, included in the above, are as follows: general |
2023 £ 60 2023 £ 24,127 283 60,990 85,400 |
2022 £ 26 2022 £ 11,852 65 30,096 42,013 |
||||
| Unrestricted Funds 2023 £ |
Restricted Funds 2023 £ |
Total Funds 2023 £ |
Total Funds 2022 £ |
|||
| 300 4,230 5,000 - 32,712 - 17,748 - - - 1,000 60,990 |
- - - - - - - - - - - - |
300 4,230 5,000 - 32,712 - 17,748 - - - 1,000 60,990 |
805 2,200 - 12,320 2,711 4,810 3,500 2,530 720 500 - 30,096 |
|||
| follows: | 2023 £ 60,990 |
2022 £ 30,096 |
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continued...
Networking in East Oldham Neighbourhoods Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|
| General activities Analysis of repairs and maintenance expenditure in the year: |
Direct Costs £ 71,421 |
Support costs £ 720 |
Totals £ 72,141 |
|||
| Loft conversion Flooring installation Roof repairs Soffit and guttering New kitchen windows General repairs & maintenance |
Unrestricted Funds 2023 £ - - 5,000 1,750 1,600 901 9,251 |
Restricte d Funds 2023 £ - - - - - - - |
Total Funds 2023 £ - - 5,000 1,750 1,600 901 9,251 |
Total Funds 2022 £ 3,500 4,810 - - - 1,669 9.979 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities General activities Other trading activities Investment income |
Unrestricted fund £ 381 42,013 1,103 26 |
| Total | 43,523 |
| EXPENDITURE ON Charitable activities General activities |
38,162 |
| NET INCOME | 5,361 |
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continued...
Networking in East Oldham Neighbourhoods Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward 12,188
TOTAL FUNDS CARRIED FORWARD 17,549
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,312 600
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 11) 68 68
Trade creditors 31 -
Other creditors 720 1,320
819 1,388
11. LOANS
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year on demand:
Bank overdrafts 68 68
12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 17,549 20,597 38,146
TOTAL FUNDS 17,549 20,597 38,146
----- End of picture text -----
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continued...
Networking in East Oldham Neighbourhoods Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 92,738 |
Resources expended £ (72,141) |
Movement in funds £ 20,597 |
|---|---|---|
| TOTAL FUNDS 92,738 |
(72,141) | 20,597 |
| Comparatives for movement in funds At 1.4.21 £ Unrestricted funds General fund 12,188 |
Net movement in funds £ 5,361 |
At 31.3.22 £ 17,549 |
| TOTAL FUNDS 12,188 |
5,361 | 17,549 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 43,523 |
Resources expended £ (38,162) |
Movement in funds £ 5,361 |
| TOTAL FUNDS 43,523 |
(38,162) | 5,361 |
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.4.21 £ Unrestricted funds General fund 12,188 |
Net movement At in funds 31.3.23 £ £ 25,958 38,146 |
|---|---|
| TOTAL FUNDS 12,188 |
25,958 38,146 |
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continued...
Networking in East Oldham Neighbourhoods Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 136,261 (110,303) |
Movement in funds £ 25,958 |
|---|---|---|
| TOTAL FUNDS | 136,261 (110,303) |
25,958 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 12
Networking in East Oldham Neighbourhoods Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Trading income Investment income Interest receivable - trading Charitable activities Room hire Sundries (other income) Grants |
2023 £ 1,083 6,195 60 24,127 283 60,990 |
2022 £ 381 1,103 26 11,852 65 30,096 |
|---|---|---|
| 85,400 | 42,013 | |
| Total incoming resources | 92,738 | 43,523 |
| EXPENDITURE | ||
| Charitable activities | ||
| Advertising | - | 80 |
| Cleaning | 2,564 | 2,356 |
| Coffee machine | 2,223 | 1,513 |
| Computer equipment | 14,635 | 35 |
| Consultancy & professional fee | 2,510 | - |
| Covid-19 expenses | - | 13 |
| Craft materials & equipment | 149 | 45 |
| Fish tank | 449 | 752 |
| Furniture, fixtures & fittings | 2,221 | 115 |
| Gardening & outdoor equipment | 2,871 | 126 |
| General expenses (sundry) | 9,229 | 81 |
| classes) | 3,411 | 898 |
| Insurance | 1,460 | 327 |
| IT software & consumables | 743 | 2,871 |
| Kitchen equipment | 389 | 256 |
| Utilities (light, heat &water) | 6,065 | 5,097 |
| Men's group | 2,118 | 1,955 |
| Sessional worker | 2,081 | 600 |
| Office equipment | 616 | 280 |
| Paypal fees | 88 | 7 |
| Photocopier costs | 1,176 | 532 |
| Postage, freight & couriers | - | 220 |
| Carried forward | 54,998 | 18,159 |
This page does not form part of the statutory financial statements
Page 13
Networking in East Oldham Neighbourhoods
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
----- Start of picture text -----
2023 2022
£ £
Charitable activities
Brought forward 54,998 18,159
Postcode lottery 250 180
Printing & stationery 426 265
Repairs & maintenance 9,251 9,979
Uniforms 371 2,049
Subscriptions & licences 1,250 615
Telephone & internet 1,650 1,462
Travel costs 2,243 1,550
Volunteer expenses 982 1,043
71,421 35,302
Support costs
Management
Sundries - 1,240
Governance costs
Accountancy and legal fees 720 1,620
Total resources expended 72,141 38,162
Net income 20,597 5,361
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 14
N112 - Chartiy Accounts 31.3.23 for Approval
Final Audit Report 2024-11-18
Created: 2024-11-14 By: Matthew Elliott (matthew@clarityvantage.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAqqwY7WSSClUt1021XwGabW946l3LjyMf
"N112 - Chartiy Accounts 31.3.23 for Approval" History
Document created by Matthew Elliott (matthew@clarityvantage.co.uk) 2024-11-14 - 16:08:44 GMT
Document emailed to David Wilkinson (dave.neon@virginmedia.com) for signature 2024-11-14 - 16:08:48 GMT
Email viewed by David Wilkinson (dave.neon@virginmedia.com) 2024-11-14 - 22:18:37 GMT
Document e-signed by David Wilkinson (dave.neon@virginmedia.com) Signature Date: 2024-11-14 - 22:22:56 GMT - Time Source: server
Document emailed to joanne@clarityaccountants.co.uk for signature 2024-11-14 - 22:22:58 GMT
Email viewed by joanne@clarityaccountants.co.uk 2024-11-18 - 11:18:38 GMT
Signer joanne@clarityaccountants.co.uk entered name at signing as J M Elliott 2024-11-18 - 11:19:58 GMT
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Agreement completed.
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