2023-12-31-accounts

COMPANY REGISTRATION NUMBER: CE008134 CHARITY REGISTRATION NUMBER: 1170076

Newbigin Community Trust Company Limited by Guarantee Unaudited Financial Statements

31 December 2023

POINTON YOUNG

Chartered Accountants

33 Ludgate Hill Birmingham B3 1EH

Newbigin Community Trust

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2023

	Page
Chief executive officer’s report	2
Trustees' annual report	3
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7

1

Newbigin Community Trust

Company Limited by Guarantee

Chief Executive Officer (CEO) Report

Year ended 31 December 2023

Well what an amazing year 2023 has been for Newbigin Community Trust. We have seen a real deepening of the impact that our community work is having after 8 years. We have found ourselves in many places, meetings and situations that we could have only dreamed of a few years ago.

Early in 2023 we were overwhelmed at the cost of living crisis, the housing crisis and the lack of access to medical care/support, that so many of the community were facing. Very quickly we saw a groundswell of local people working together to try and tackle each of these issues and to ensure that no-one was left struggling alone. As a result a real sense of hope emerged as we increased our opening hours across three sites, and hired a new children and families hub leader with SEND expertise. This has allowed us to fill a huge community need and has taken stress off other areas. We now have a dedicated SEND team and hub space.

We have been able to employ 3 more local people as well as a number of young people over the summer- giving them their first job, and the start of a great CV. As programs extended and multiplied due to the increased community reach, and successful fundraising we were able to give existing staff more paid hours and engage another 20 new volunteers.

The biggest change last year was training of members of the community and staff as breastfeeding consultants and the subsequent start of three mothers and babies groups, as well as the training for 4 staff members as trusted assessors for Occupational health. This allows disabled and elderly residents of our area to bypass long waiting lists and get the physical aids in their homes that they desperately need.

We also tackled the lack of access to GPs and particularly womens health, and managed to get a GP and prescribing nurse to come to the Benson Hub and to regularly see patients there, as well as trialing a drop in advice and support service at the local walk-in and GP practice. All of this work has contributed to improving health for our most vulnerable residents and a belief that we can continue to see change in our local area.

After many years of advocating we saw a new state of the art high school open to meet the needs of children and young people in our area and some of our staff are now based out of this school. They are developing a hub and a community greenspace ,as well as supporting the most vulnerable families and young people.

We continue to advocate for better housing, and as I write this have just heard that our local community lead housing plans have finally been approved by Birmingham City Council -so that feels like light at the end of a very long dark tunnel. In the meantime we have continued to support the many complex adults unsuitably housed in HMOs and except accommodation and all the drama that brings. We are also continuing to see family after family, made homeless by this flawed housing policy and we stand with and support each family through the trauma of this while advocating about the need to change this unfair system.

Its been an incredible year of achievements by the most amazing team of staff and volunteers that has resulted in almost all corners of the local community impacted in a positive way. I cannot be prouder of this fantastic charity and team that we have built together.

2

Newbigin Community Trust

Company Limited by Guarantee

Chief Executive Officer (CEO) Report

Year ended 31 December 2023

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Anji Barker

3

Newbigin Community Trust

Company Limited by Guarantee

Trustees' Annual Report

Year ended 31 December 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Reference and administrative details

Registered charity name Newbigin Community Trust Charity registration number 1170076 Company registration number CE008134 Principal office and registered 28 Handsworth Road office Birmingham B18 4PT The trustees A Barker D Tipton C Carroll K Simmonds S Potter M S Mirza Independent examiner Steven Brown FCA BA Hons 33 Ludgate Hill Birmingham B3 1EH

The trustees' annual report was approved on 27 June 2024 and signed on behalf of the board of trustees by:

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C Carroll Trustee

4

Newbigin Community Trust

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Newbigin Community Trust

Year ended 31 December 2023

I report to the trustees on my examination of the financial statements of Newbigin Community Trust ('the charity') for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

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Steven Brown FCA BA Hons Independent Examiner Pointon Young 33 Ludgate Hill Birmingham B3 1EH 27 June 2024

5

Newbigin Community Trust

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	14,431	410,808	425,239	278,444
		─────────	────────	─────────	─────────
Total income		14,431	410,808	425.239	278,444
		═════════	════════	═════════	═════════
Expenditure
Expenditure on charitable activities	5,6	6,488	92,403	98,891	93,445
Other expenditure	7	28,576	269,589	298,165	201,544
		─────────	────────	─────────	─────────
Total expenditure		35,064	361,992	397,056	294,989
		═════════	════════	═════════	═════════
		─────────	────────	─────────	─────────
Net income and net movement in	funds	(20,633)	48,816	28,183	(16,545)
		═════════	════════	═════════	═════════
Reconciliation of funds
Fund transfer		-	-	-
Total funds brought forward		20,706	63,978	84,684	101,229
		─────────	────────	─────────	─────────
Total funds carried forward		73	112,794	112,867	84,684
		═════════	════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 12 form part of these financial statements.

6

Newbigin Community Trust

Company Limited by Guarantee

Statement of Financial Position

31 December 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	10	11,680	16,956
Current assets
Debtors	11	18,290	6,061
Cash at bank and in hand		117,193	65,845
		────────	────────
		135,483	71,906
Creditors: amounts falling due within one year	12	34,296	4,178
		────────	────────
Net current assets		101,187	67,728
		─────────	────────
Total assets less current liabilities		112,867	84,684
		─────────	────────
Net assets		112,867	84,684
		═════════	════════
Funds of the charity
Restricted funds		112,794	63,978
Unrestricted funds		73	20,706
		─────────	────────
Total charity funds	13	112,867 ═════════	84,684 ════════

For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 27 June 2024, and are signed on behalf of the board by:

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C Carroll Trustee

7

Newbigin Community Trust

Company Limited by Guarantee

Statement of Financial Position

The notes on pages 7 to 12 form part of these financial statements.

7

Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 28 Handsworth Road, Birmingham, B18 4PT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.

• legacy income is recognised when receipt is probable, and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable, and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor Vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations and legacies	14,323	410,737	425,060
Other donations and legacies
Other	108	71	179
	─────────	────────	─────────
	14,431	410,808	425,239
	═════════	════════	═════════

10

Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

4.	Donations and legacies (continued)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Donations
	Donations and legacies	20,164	256,878	277,042
	Other donations and legacies
	Other	1,402	-	1,402
		─────────	────────	─────────
		21,566 ═════════	256,878 ════════	278,444 ═════════
5.	Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	Charitable costs	6,488 ════════	92,403 ════════	98,891 ════════
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
	Charitable costs	847	92,598	93,445
		════════	════	════════
6.	Expenditure on charitable activities by activity type
		Activities
		undertaken	Total funds	Total fund
		directly	2023	2022
		£	£	£
	Charitable costs	98,891 ════════	98,981 ════════	93,445 ════════
7.	Other expenditure
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	General Administrative costs	15,142	11,669	26,811
	Motor and Travel costs	7,864	–	7,864
	Employee Costs	294	257,920	258,214
	Depreciation	5,276	–	5,276
		────────	────────	─────────
		28,576	269,589	298,165
		════════	════════	═════════

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

7. Other expenditure (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
General Administrative costs	15,534	–	15,534
Motor and Travel costs	6,417	–	6,417
Employee Costs	38,505	138,328	176,833
Depreciation	2,760	–	2,760
	────────	───────	────────
	63,216	138,328	201,544
	════════	═══════	════════

8.	Net income
	Net income is stated after charging/(crediting):
			2023	2022
			£	£
	Independent examiners fees		960	750
	Depreciation of tangible fixed assets		5,276	2,760
			═══════	════
9.	Staff costs
	The average number of employees during the year is analysed as follows:
			2023	2022
			No.	No.
	Number of staff		25	28
			════	════
	No employee received employee benefits of more than	£60,000 during the	year (2022:	Nil).
10.	Tangible fixed assets
			Fixtures
		Motor	and
		vehicles	fittings	Total
		£	£	£
	Cost
	At 1 January 2023	13,165	8,968	22,133
	Additions	-	-	-
	Disposals	-	-	-
		───────	───────	───────
	At 31 December 2023	13,165	8,968	22,133
		═══════	═══════	═══════
	Depreciation
	At 1 January 2023	823	4,354	5,177
	Charge for the year	3,291	1,985	5,276
	Disposals	-	-	-
		───────	───────	───────
	At 31 December 2023	4,114	6,339	10,453
		═══════	═══════	═══════
	Carrying amount
	At 31 December 2023	9,051	2,629	11,680
		═══════	═══════	═══════
	At 31 December 2022	12,342	4,614	16,956
		═══════	═══════	═══════

12

Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2023

11. Debtors

	2023	2022
	£	£
Prepayments and accrued income	2,659	2,062
Other debtors	15,631	3,999
	───────	───────
	18,290	6,061
	═══════	═══════
Creditors: amounts falling due within one year
	2023	2022
	£	£
Accruals and deferred income	29,971	1,794
Social security and other taxes	3,598	1,884
Other creditors	727	500
	───────	───────
	34,296	4,178
	═══════	═══════

12. Creditors: amounts falling due within one year

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At					At
	1 January 2023	Income	Transfer	Expenditure	31	December 2023
	£	£	£	£		£
General funds	20,706	14,431	-	(35,064)		73
	════════	═════════	═════════	═════════		═════════
	At					At
	1 January 2022	Income	Transfer	Expenditure	31	December 2022
	£	£	£	£		£
General funds	93,203	21,566	(30,000)	(64,063)		20,706
	════════	═════════	═════════	═════════		════════
Restricted funds
	At					At
	1 January 2023	Income	Transfer	Expenditure	31	December 2023
	£	£	£	£		£
Restricted Fund	63,978	410,808	-	(361,992)		112,794
	════════	════════	═════════	════════		═══════
	At					At
	1 January 2022	Income	Transfer	Expenditure	31	December 2022
	£	£	£	£		£
Restricted Fund	8,026	256,878	30,000	(230,926)		63,978
	════	════════	═════════	═══════		════════

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