2024-12-31-accounts

COMPANY REGISTRATION NUMBER: CE008134 CHARITY REGISTRATION NUMBER: 1170076

Newbigin Community Trust Company Limited by Guarantee Unaudited Financial Statements

31 December 2024

POINTON YOUNG

Chartered Accountants

33 Ludgate Hill Birmingham B3 1EH

Newbigin Community Trust

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

	Page
Chief executive officer’s report	2
Trustees' annual report	4
Independent examiner's report to the trustees	5
Statement of financial activities (including income and
expenditure account)	6
Statement of financial position	7
Notes to the financial statements	8

1

Newbigin Community Trust

Company Limited by Guarantee

Chief Executive Officer (CEO) Report

Year ended 31 December 2024

2024 has been another incredible year for Newbigin Community Trust. In January 2024 we opened our new hub at the brand-new high school built in our neighbourhood. The hub has exciting access to the school’s community and sporting facilities after school hours and on weekends and its own dedicated open ECO space during school hours for members of the public and parents of the school to access. It was co-designed with our local neighbourhood, recognising the lack of facilities in the community and with a civic purpose to be a resource to the whole neighbourhood, not just students and their families. It is already busy and many people drop in daily to partake in the activities or get help and support. Projects on the other 3 sites also had an increase. SEND and vulnerable family support have seen the largest growth, with vulnerable and complex adults also receiving step-by-step help through crisis.

I am grateful for Newbigin and the support it has received to help so many people live a life of purpose and passion using their gifts and talents in their neighbourhood. I entrust its further impact to the new leadership as of October 2024.

Anji Barker, CEO, Newbigin Community Trust (January- September 2024)

In my role as co-CEO from September 2024, it has been a very exciting year of continuing to run our community-led projects, empowering and connecting our neighbours in Winson Green. Exciting new developments like the eco-hub, now open on Sunday afternoons and after-school sessions, are helping us grow and reach even more people in our community. We also enjoyed welcoming CEO David Knott as he filmed part of the National Lottery’s 30th Birthday celebration videos at our centre. During this time of change in leadership the staff team and the community have been steadfast in its mission to give priority to the most isolated and vulnerable in our community. We have spent the past 6 months using our assetbased approach to develop our team of staff and volunteers to reflect the community we serve.

Louise Jones, Co-CEO, Newbigin Community Trust (from September 2024)

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Newbigin Community Trust

Company Limited by Guarantee

Chief Executive Officer (CEO) Report

Year ended 31 December 2024

As manager of the Lodge Road adults’ site for 3 years and Co-CEO from September 2024, I’d like to thank the people of Winson Green and Handsworth for continuing to show up, help out, and contribute their ideas and talents, even when they weren’t sure they had much to give. This has been a massive task which has involved supporting people with multiple complex needs accessing benefits, health care, and acquiring bank accounts. We are still seeing the effects of the cost-of-living crisis, and a lack of housing and medical support.

We have focused on the 1:1 contact this year, accompanying people to the doctors and job centre appointments, visiting them at hospitals, and helping them when moving from one HMO to another or supported accommodation. We continue to help families made homeless in the area in practical and holistic ways, and advocate for better housing conditions.

We have had great success with our regular trip to the Wyre Forest, taking individuals who have never been out to the countryside before. This was evident when someone thought a cow was a horse!

NCT offers hope and practical help to our most vulnerable in the community, and provides somewhere they can belong and be a part of with an increased sense of purpose. Our charity offers support across the 4 hubs, ensuring that we are able to cater for everybody.

Through the support of the staff, volunteers, partnerships and funders, NCT has made a massive difference to people’s lives. Many service-users stay active within our venues and have become volunteers.

Amanda Winstanley, Co-CEO, Newbigin Community Trust (from September 2024)

3

Newbigin Community Trust

Company Limited by Guarantee

Trustees' Annual Report

Year ended 31 December 2024

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 2024.

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 S Mirza Independent examiner Steven Brown FCA BA Hons 33 Ludgate Hill Birmingham B3 1EH

The trustees' annual report was approved on 23 July 2025 and signed on behalf of the board of trustees by:

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 2024

I report to the trustees on my examination of the financial statements of Newbigin Community Trust ('the charity') for the year ended 31 December 2024.

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.

Steven Brown FCA BA Hons Independent Examiner Pointon Young 33 Ludgate Hill Birmingham B3 1EH 23 July 2025

5

Newbigin Community Trust

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 December 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	81,636	382,659	464,295	425,239
		─────────	────────	─────────	─────────
Total income		81,636	382,659	464,295	425,239
		═════════	════════	═════════	═════════
Expenditure
Expenditure on charitable activities	5,6	5,912	112,324	118,236	98,891
Other expenditure	7	46,768	269,181	315,949	298,165
		─────────	────────	─────────	─────────
Total expenditure		52,680	381,505	434,185	397,056
		═════════	════════	═════════	═════════
		─────────	────────	─────────	─────────
Net income and net movement in	funds	28,956	1,154	30,110	28,183
		═════════	════════	═════════	═════════
Reconciliation of funds
Fund transfer		-	-	-
Total funds brought forward		73	112,794	112,867	84,684
		─────────	────────	─────────	─────────
Total funds carried forward		29,029	113,948	142,977	112,867
		═════════	════════	═════════	═════════

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 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	10	7,968	11,680
Current assets
Debtors	11	11,428	18,290
Cash at bank and in hand		152,627 117,193	117,193
		────────	────────
		164,055	135,483
Creditors: amounts falling due within one year	12	29,046 34,296	34,296
		────────	────────
Net current assets		135,009	101,187
		─────────	────────
Total assets less current liabilities		142,977	112,867
		─────────	────────
Net assets		142,977	112,867
		═════════	════════
Funds of the charity
Restricted funds		113,948	112,794
Unrestricted funds		29,029	73
		─────────	────────
Total charity funds	13	142,977 ═════════	112,867 ════════

For the year ending 31 December 2024 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 23 July 2025, and are signed on behalf of the board by:

C Carroll Trustee

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 2024

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 2024

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 2024

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	2024
	£	£	£
Donations
Donations and legacies	80,690	382,659	463,349
Other donations and legacies
Other	946	-	946
	─────────	────────	─────────
	81,636	382,659	464,295
	═════════	════════	═════════

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2024

4.	Donations and legacies (continued)
		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 ═════════
5.	Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
	Charitable costs	5,912 ════════	112,324 ════════	118,236 ════════
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	Charitable costs	6,488	92,403	98,891
		════════	════	════════
6.	Expenditure on charitable activities by activity type
		Activities
		undertaken	Total funds	Total fund
		directly	2024	2023
		£	£	£
	Charitable costs	118,236 ════════	118,236 ════════	98,981 ════════
7.	Other expenditure
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
	General Administrative costs	17,479	10,468	27,947
	Motor and Travel costs	8,244	–	8,244
	Employee Costs	17,333	258,713	276,046
	Depreciation	3,712	–	3,712
		────────	────────	─────────
		46,768	269,181	315,949
		════════	════════	═════════

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2024

7. Other expenditure (continued)

	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
	════════	═══════	════════

8.	Net income
	Net income is stated after charging/(crediting):
		2024	2023
		£	£
	Independent examiners fees	1,077	960
	Depreciation of tangible fixed assets	3,712	5,276
		═══════	════
9.	Staff costs
	The average number of employees during the year is analysed as follows:
		2024	2023
		No.	No.
	Number of staff	26	25
		════	════
	No employee received employee benefits of more than £60,000 during the	year (2023:	Nil).
10.	Tangible fixed assets

Tangible fixed assets
		Fixtures
	Motor	and
	vehicles	fittings	Total
	£	£	£
Cost
At 1 January 2024	13,165	8,968	22,133
Additions	-	-	-
Disposals	- ───────	(3,060) ───────	(3,060) ───────
At 31 December 2024	13,165	5,908	19,073
	═══════	═══════	═══════
Depreciation
At 1 January 2024	4,114	6,339	10,453
Charge for the year	2,263	1,449	3,712
Disposals	- ───────	(3,060) ───────	(3,060) ───────
At 31 December 2024	6,377	4,728	11,105
	═══════	═══════	═══════
Carrying amount
At 31 December 2024	6,788	1,180	7,968
	═══════	═══════	═══════
At 31 December 2023	9,051	2,629	11,680
	═══════	═══════	═══════

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Newbigin Community Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 December 2024

11. Debtors

	2024	2023
	£	£
Prepayments and accrued income	1,906	2,659
Other debtors	9,522	15,631
	───────	───────
	11,428	18,290
	═══════	═══════
Creditors: amounts falling due within one year
	2024	2023
	£	£
Accruals and deferred income	25,684	29,971
Social security and other taxes	2,647	3,598
Other creditors	715	727
	───────	───────
	29,046	34,296
	═══════	═══════

12. Creditors: amounts falling due within one year

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At					At
	1 January 2024	Income	Transfer	Expenditure	31	December 2024
	£	£	£	£		£
General funds	73 ════════	81,636 ═════════	- ═════════	(52,680) ═════════		29,029 ═════════
	At					At
	1 January 2023	Income	Transfer	Expenditure	31	December 2023
	£	£	£	£		£
General funds	20,706	14,431	-	(35,064)		73
	════════	═════════	═════════	═════════		════════
Restricted funds
	At					At
	1 January 2024	Income	Transfer	Expenditure	31	December 2024
	£	£	£	£		£
Restricted Fund	112,794	382,659	-	(381,505)		113,948
	════════	════════	═════════	════════		═══════
	At					At
	1 January 2023	Income	Transfer	Expenditure	31	December 2023
	£	£	£	£		£
Restricted Fund	63,978 ════	410,808 ════════	- ═════════	(361,992) ═══════		112,794 ════════

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