Registered No. 1170605 NELSON'S JOURNEY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NELSON'S JOURNEY INDEX TO REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Reference and Administrative Details Report of the Trusl88S Report of the Independent Examiners Statement of Financial Aclwities Balance Sheet 10 Statement of Cash Flows Notes to the Financial Statements 12-19
NELSON'S JOURNEY REFERENCE AND ADMINISTRATIVE DETAILS Status Nelson's Journey (CIO) is govemed by its constitution dated 1 Oth November 2016 and registered wllh the Charity Commission on 7 December 2016, registration number 1170605, as a Charitable Incorporated Organisalion {CIO) whose primary objects are as sL2led on page 2 Trust The truslees serving during the year and since the year-end were as follows: Alistsir Ponder Jvlia Robathan Mark Dembicki Phil KeTridge Edward Roy James Ellis Andrew Dawes Anna Teresa Butcher Alison Clare Mawson {Resigned 6 June 20241 (ResvJned 3 April 2024) Mlnut0 Socrotary (Non Trustge Posltlon) Bevedey Goldlhorpe Chalrpèrson Phil Kerridge Chlef Executivo Simon Wright Principal Offl The Bradbury Building - Smiles House. The Octsgon Business Park, Hospital Road, Little Plumstead, Norwith, NR13 5FH Independent ExarnineTS Sexty & Co. Chartered Certffled Ac¢ountanls, 124 Thorpe Road, Norwich, NR1 1 RS Bank•r8 Barclays Bank PLC, 4042 Market Pl, Great Yarmouth. NR30 1 LX CCL4 Investment Managemeril Unil. 80 Cheapside. London EC2V 6DZ
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees present their report and the financial statements of the Charitable Incorporation Organisalion (CIO) for the year ended 31 December 2023. The Iruslees have adopted the provisions of the Statement of Recommended Practice (SORPI 'AGcounling and Reporting by Charities. (FRS 102) in preparing the annual report and financial stslemenls of the Glo. The financial statements have been prepared in 8ccordance wilh the a¢¢ounling policies set oul in notes lo the accounts and comply with the chanty's governing document, the Charities Act 2011 8nd A¢untIng and Reporting by Charities.. Sial8menl of Recommended PraGtiGe applicable lo Gharilies pparIng their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Rewblic of Irefand published in October 2019. OBJECTIVES AND ACTIVITIES Princlpal actlvlty N8lson's Journey is a regional non-govemmental, non-political. non-religious organisation created as a charltable legal enlty. The CIO'S objè¢ls are= To lIeVe children and young people in Norfolk from the impact of bereavement. particularfy by the provision of help and support. The aims of the CIO are lo promote positive mental health among bereaved children and young people by.. Increasing seW-esteem - Ihrovgh children meeting with others who have been bereaved., through outdoor activity challeng8s and a high level of positive feedback to the children during the course of the weekendlactivily days Assisting them to understsnd the cause of death and the events surrounding the funeral Assisting families lo talk more openly about the death Enabling children lo expr955 and understand their emotions by providing childTen with opportunities lo remember the person who has died. STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees The trustees are named on pag8 1 and rf they served for18SS than the year this is indicated. The constitution stales that the CIO Tnusl have a minimum of three tTUStees. Every current and future trustee is appointed after a majority vote by a resolution of the Iruslees passed al a special me81ing. In selecting individuals for appointment as charity trustees, the charity Iruslees must have regard lo the skills, knowledge and experience needed for the effective administration of the CIO. The Chaimian and Chief Executive are responsible for the Induction of any newtruslees. which Involves awareness of trustee's respoiisibilities {including training of legal duties}. the higtory and work of the charlty, and safeguarding training. A DBS check is obtained for all Trustees. The Board appoints Trustees lo the following subcommittees.- Risk and Governance Committee.. Finance and Personnel Committee.. Fundraising and Marketing Governance Committee. Membership is reviewed each year.
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Organisational stTUCturo The Iruslees delegate the day-to-day running of the charity lo the Chief Execullve (Simon Wrighl). The staff structure during the reporting period was as follows: Chief Exe¢ulwe Officer (30hrs) Child Bereavement Support Team.. Services Manag8r', 9 x Child Bereavement Support Workers {4 part-timel S8rvice Support Officer Funding and Marketing Team.. Funding and Marketing Manager,. 3 x Fundraising and Marketing Officers12 part-limel Business Support Team.. orrice Manager {15hrsl.' 3 x Business Support Officer (2 part-limel The staffing of the charty grew durlng 2023, with the charity able lo increase inveslmenl in reswnse to growing service delivery needs. Risk Assessrnont The trustees have identrfied the major risks lo which the charity is exposed and have ensured appropriate systems and controls are in place lo provid& reasonable assurance against fraud and error. Nelson's Journey maintains a Risk Register, which Is checked by the charity's Risk and Governance Committee., and reviewed regulady by the Board of Trustees. ACHIEVEMENTS AND PERFORMANCE Revlew of the activili03 Nelson's Joumey offered a range of servic8s over this period including.. Guidance and information to bereaved families A telephon8 Support Line availabl8 to professionaly and families to Speak wlh a Child Bereavement Support Worker A compreh8nsNe assessment of bereaved chIldn Free resources relevant to bereaved childwn and young people's bereavement needs, distributed digitally through our website and physically through in-person serv7ces Therapeutic activity days and residential weekends for Ghildren and young people aged 0 - 17 years A training service for professionals worklng directly wfth bereaved children, delivered online by experienced Child Bereavement Support Workers 1..1 therapeutic intervention for individual bereaved children, induding in person, phone and online sessions An online forum for bereaved children aged 8-17 years A Smiles & Tears gfft box, which Contains a range of age-appropriale OurGe and items identified by young people as providing comfort to those who arg bereaved An Eady Supwrt seNlce for familias requiring information, guidance and support for their ¢hildren's needs in the days and weeks immediat&ly following a death
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Revlew of the act1v1t1 {cont.) In addition. the charity introduced a new service.. Online parent & carers workshop session, helping families with their understsnding of childr8n and young people's responses lo bereavemgnt and how lo provide support at home During 2023, 758 b8reaved childTrn and young people in Norfolk were refeed for support, in line with the higher number of referrals experienced over th8 previous two years (2022.. 772 referra15', 2021.. 746 referrals., 2020.. 580 referrals). Al the end of the year, our Child Ber&avement Support Workers were directly supporting 493 bereaved children and young people through 1..1 in-person appointments and telephone support. The assessment of new incoming referrals followed a process introduced the previous year. All referrals are considered by a Support Plan Meeting of professional child bereavement support workers. Factors are discussed including.. causes of death, nature of Telalionships, other lrfe events. family systems, child's wder community, and other risk¥ before a response is recommended, enabling triage lo an appropriate seNiee. Thos8 referrals which do not wntain sufficient infonnation are followed up to allow the Support Plan Meeting lo progress an assessment of Service need. During the year, the charity was again able lo grow its Staff team lo provide greater capacity for servl¢e delivery. This included the addition of a further Child Bereavement Support Worker post. Early in the year, the charty introduced a new regular onlirte workshop 5ervi¢e offer for parents & carers to a¢¢ess, with the followng objectives for participants.. Recognise a range of exp8riences related to loss and bereavement. and awareness of issues faced by children and young people eKperi8ncing bereavement Gain confidence in helping bereaved children and young people al home, and identtfy lips, resources and other serviGes that can help Learn about Nelson's Journey's range of services and how they are offered Provid8 Opportunities for questions Feedback providgd lo us after the sessions included-. 'SeSS was very informative and l 11 be using the resciurces that W8re shown in the sessDn via th& websile to hglp n7y son.- °It was good to get informatign and be able to ask qu8stsons.° .1 didny know anything about Nelson s Journey and now I feel so much n70rg inform8d. Was a great session and was nic6 lo see l dryng a lot of the things you'v8 Suggest and I gol some new ide8S totyout.. The workshops have been offered to an invTted list. comprising of families who have been re¢ently referred lo us for services for a bereaved child l young person. As a new service, we will evaluate and review the offer in 2024 against our slated objectives for the offer. Followng a sustained period of both higher numbers and higher typical complexity of refe01$ r8ceived, the Charity will continue to innovate In our seTvice offering lo increase the charity's ability lo respond to a range of needs and lo increase the organisation's ability to support a greater number of children and young people.
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Review of the actlvltles {cont.) Our online Professionals training was dellvered throughout the year, allowing teachers, social workers and others working directly with children and young people in Norfolk lo develop their practice and confidenc8 in supporting bereaved children and young people in their work. The charty's Earfy Support service provided a valuable source of telephone support lo 60 recently bereav8d families supporting their childr&n and young people's redS.. "Having son7eone th8re for us during our gri8wng proGess was seamless. rhe understanding and guidance displayed during this tim8 far exc88ded my expeGtalions.~_ leedback from parent Thg charity was able lo offer places at Nelson's Journey Activity Day and Residential Weekends, held al Hilltop Outdoor Centre in Sheringham. to a range of age-groups. This service provides opportunities ft)r bereaved children and young peo8 lo me8t others with similar experiences and lo engage in beavement support activities, and is supported by Nelson's Journey staff and volunteers,. with Hilltop staff delivering on-site activities which support relalion5hip building. In addition, the charity h81d a specialist provision a¢tivity day for bereaved chil¢Jren and young people with special educational needs {SEN}. Nelson's Joumey collects qualitative and quantilatNe feedback from families we support, including through the use of nationally developed Child Bereavement Service Questionnaires. Responses from familles help us lo identrfy the impact of our service offer: 85pc of children and young people report an increase in selfésteem after receiving our support 68pc of children and young people report a reduced sense of isolation 65pc of chIldn aT7d young people report a positive change in communication 2023 marked the conclusion of a year of lebratIonS for the charity's 25 years of providing services lo bereaved children and young people in Norfolk. The charity hosted an anniversary ball in September. The charity's other events across the year included our 'Walk of Smiles. family memorial walk. and 'A Time To Rememb8r' at Christmas where we invite families lo join us lo remember their special person al what can be a very challenging tSme for bereaved families. FINANCIAL REVIEW The Board of Tnjstees was able to gUPPOrt a significant increase in the charitys expeThJilure Budget for 2023 as a result of: reserves helé., expectations for income during 2023,. and the need for the harity lo invest in increasing capacity In response lo service delivery needs. While expenditure in¢reased significantly compared with the previous year, with the charity running a Budget deficit during 2023, the charity's Trustees regulady reviewed flnan¢ial Performan whiGh were well WTthin expectstion and Considered 5uslainable. Increases in expenditure were tsrgeted on service delivery priorities, Indudlng an increas8 in servi¢e capacity through increasing the service delivery staffing hours available-, arKI increasing spend on therapeutic Activity Day and Weekends. Reserves held al year-end by the charity. and the financial performance of the charity in 2023, have allowed Budget considerations for 2024 to allow for continued ambitious inveslmenl in bgreavem8nt service delivery and service staffing costs for the year ahead.
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Re8eN88 At the period-end the charity's total reserves were £963.519. Restricted fund reserves were £54.757 and unr8slri¢ted reserves were £908,762. The charity's nel current asselg at the period-erKI were £447,396 which (x)vers approximately 12 months of overheads. Th8 trustees regularly review the reserves policy with a view lo ensuring it represents the Charitable Incorporated Organisalions (CIO) requirements and meets wlh Charity Commission recommendations. The Charitable Incorporated Organisation ICIOI has a policy to relain reserves which provide liquid working capital and lo enable il to progress lo completion of its long-lerm development objecliv8s, to protect ils current activities. to allow the trustees to meet Ihgir r85ponsibililies and ensure the CIO continues on a going concem basis. W1th that in mind the reserves policy is to maintain minimum general current assets reserves which will cover at least 6 months of our eslimaled overheads. Of the charity's total reserves £516.123 can only be realised by disposing of tangible fixed assets, InclLtding the charity's operational base. Our general ffj$eNes calculation {measured at 30 months of estimated overheads) includes all fixed assets of the CIO. the vast majority of which cannot be liquidated within 6 months $0 are excluded by Ihe Tnjstees when testing this policy. Princlpal fundlng sourcès Nelson's Journey has a broad range of income streams including.. individuals. charitable trusts, corporates, Community groups, local government. events and trading. The trustees recogn¢se the importance of developing and maintaining 8 wlde varlety of sources of income, which will provide a continued stability of income in the future. Maintaining Ihls breadth and variety of income source will remain a key component of our long-term fijndraising strategy. Average monthly inoome was £42.205 durlng the reporting period. As anlicipaled, th8 charity saw a continued recovery in income from sources Ihal had bggn negatively impacted by the pandemic during 2020-2021, including funds raised from community events. individual fundraising challenges. and corporate donations. We were very grateful for the receipt of a signrficant legacy lotalling £20,000 as a share of a residuary estate, received at the end of the year. Rovlew of Expgndlture Nelson's Journey reviews all contracts at renewal and all expenditure to ensure value for money and the performancg of chaTilable duties. The charity obtains quotes from a range of provid8rs before entering into contracts. Average monthly expenditur8 in this perfod was £45.672 compared wlth £39,721 over th& previous period. Trustees rosponsTbilitieS Tn relation to tho flnanclal statements The ITUStees aTe responsible for preparing the Trustees, AnnLral Report and the financial stalem8nls in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
NELSON'S JOURNEY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Trust9 rosponsibilitigs in Tglation to thg flnanclal 8tatoments (cont.) The law appIlble lo charilies in England & Wales requires the trustees lo prepare flnancial statements for each finanoial yegr which give a true and fair view of the slate of affairs of the charty and of the Incoming resource$ gnd appli¢alion of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. $ele¢l sultable accounting policies and then apply them consistently-. observe Ihe methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent-, stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsibl8 for keeping proper accounting re¢ords that disc105e wth reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial ststemenls comply with the Charities Act 2011, the Charity (Account$ and Reports} Regulations 2008 and th8 provisions of the trust deed. They are 8180 spOnSible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. PubllG benoflt statgmgnt The Trustees confirm that they have complied with the requirements In Sectlon 17 of the Charlties Act 2011 lo have due regard to public benefit in determining the activities undertaken by the charity. As a charfty we wish to emphasise the public benefit which our Work provides. Our services are available lo children and young people suffering from severe or prolonged shock or depression arising from bereavement and aims to promote positive mental he811h. By order of the trustees Phll Kerridge Chalrperson Date.........
NELSON'S JOURNEY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NELSON'S JOURNEY I report lo the charity ITuslees on my examination of the a¢¢ovnts of the charity for the year ended 31 December 2023 which are set out on pages g to 19. Responslbllltles and basls of report As the charity's trustees you are responsible for the preparatlon of the accounts in accordance wth the Tequiremenls of the Chartties Act 2011 Ilhe Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the appllcable Direcllons glven by tt)e Charity Commission under section 145{5}Ibl of the Act. Indopendent axamlnerfs Statement Since the charity's gross income exceeded £250,0(KJ your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a mgmber oflh8Associalion ofchartered C&rtffi8d Accountants (ACCA}. which is one ofthe listed bodEs. I havg completed my examination. I confirm that no matorial rnatters have come to my attention in ¢onne¢lion with the examination giving me ¢ause to believe that in any materi81 respect: accounting records were not kept in respect of the charity as requlred by sectlon 130 of the Act- or 2. the ac¢ounls do not accord with those re¢ords,' or 3. the accounts do not comply with the applicable requirgrnenls concerning the form and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come acro$$ no othBr matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be ached. l A Barfow FCCA For and on behalf of Sexty & Co Chartered Certrfied Accounlanls 124 Thorpe Road Norwich NR1 1RS Dale..
NELSON'S JOURNEY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrostrictod fund8 2023 Reslrictod funds 2023 Total 2023 Tolal 2022 Note INCOME FROM". Donations, grants and legacies Other trading activities Investment income 378,303 114.581 492.884 480.029 33 144 13,576 13.576 Total in¢omg 391.879 114,581 506,460 480,206 EXPENDITURE ON: Raising funds Charitable activities Support costs Total expondlture 85,150 224.660 132,625 5,413 100,212 90,563 324,872 132,625 77,296 271.510 127.851 442,435 105.625 548.060 476,657 Net Income l (expendlturè) {50.5561 8.956 141.6001 3,549 Transfers betren fvnds Net rnovom8nt In fund8 50,556 R8concilialTon of funds: Total funds brought lorward 959,318 45,801 1,CN)5,119 1.001.570 Total funds carried forward 11 908,762 54,757 963,519 1,005,119
NELSON'S JOURNEY BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS Tangible assets 516,123 530.974 CURRENT ASSETS Stock Cash at bank and in hand 15,905 446,331 18,678 469,415 462,236 488,093 CURRENT LIABILITIES Creditors amounts falling due within one year 10 447.396 474,145 NET ASSETS 963,519 1,005,119 CHARITY FUNDS Unrestricted funds Reslrictsd funds 11 11 908.762 54,757 959,318 45,801 Total charlty funds 963 519 1,005,119 The financial statements on pages 910 19 were approved and aulhorised by the trustees on.. were stgned on their behalf by.. Phil Kgrridge Chalrporson -10-
NELSON'S JOURNEY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flow from op•rating a¢tivitiOS Net income l {expendilurel for the perlod (41,600) 3,549 Deprecialion of tangible fixed assets (Increase) I decrease in stock Ilncrease} I decrease in debtors Increase l (decrease) in creditors 16,292 2,773 16,215 2,489 892 2,669 Net Gash flow from operatlng actlvltles 121,6431 24.922 Cash flow from investing activities Payments to acquire tangible fixed assets (1.4411 (9.9211 Not cash flow from investing actlvltles {1,441) (9,921) Not incr•a$? I Idecroase) in cash and cash equlvalonts (23.084) 1 S,001 Cash and cash equivalents at start of period 469,415 454,414 Cash and cash oquiva10nts at ond of period 446.331 469.415 Cash and cash gquivalonts Gonsists of: Cash at b8nk and in hand Short terni deposits 408,764 37,567 357,573 111,842 Cash and cash gquivalgnts ae end of period 446.331 469.415 -11-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Summary of slgnlflcant accounting policles General Informatlon and basls of proparation The Charitable Incorporated Organisalion ICIOI constitutes a public benefit entty as defined by FRS 102. The financial slatements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), th8 Charitles Act 2011 and UK Generally Accepted Accounting Practice. The financlal statemènts are prepad on a going concern basis under the historical cost convention. The financial slatem&nls are presented in sterfing which is the functional currency of the charity and rounded to the nearest £. The signrficanl accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years PTesented unless otherwise 5ts1ed. Funds UnrestrTCted funds ar8 available for use at the discretion of ffte Iru¥tees in furtheranGe of the general objectNes of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund ¢s sel o¢Jt in the notes lo the financial slatemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been ralsed by the charity for particular purposes. The cost of raising and administering such funds are charged against the spec5fic fund. The aim and use of each restricted fund is set out in the notes to the financial stalemenls. InGome rocognitlon All incoming resources are included in the Statement of Flnancial Activitles (SOFA) when the CIO is legally entitled to the income after any perfomiance conditions have been met. the amount can be measured rèliably and il is probable that the income will be received. For donallons to be recognised the CIO will have b8en notrfied of the amounts and the settlement dale. If there are condi1Sons attached lo the donation and this requires a level of perfomiance before entillemenl can be oblalned then Income is deferred until those conditions are fully mel or the fuifilment of those conditions is within the control of the charity and Tt is probable that they will be fulfilled. Income from Irading activities includes income earned from fundraising events lo raise funds for the CIO. Income from grants is recognised at fair value when the CIO has entitlement after any perforniance conditions have been met, il is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Interest income is recognised as the CIO right lo receive payment is 8slablished. Gift Aid receivab18 IS included in income when there is a valid declaration from the donor. Any Grft Aid amount recovered on a donation is considered to be part of that grft and is treated as an addition to the same fund as the initial donation unless the donor or tho terms of the appeal have specrfied otheNise. -12-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Expgnditure rocognltlon All expenditure is accounted for on an accruals basis and has been classmed under headlngs that aggregate all costs related to the category. Expenditure is recognlsed where there Is a legal or constnjclive obligation lo make payments lo third parties, il is probable that the settlement will be required and the amount of the obligation can be measured reliably. Support costs are those that ass7St the work of the charity but do not dir&ctly represent charftable activities and include office ¢o$ts, govemance costs. and administration costs. They are incurred directly in support of expenditure on the objects of the charity. Tanglble fixed as$et$ and depreclallon Tangible fixed assets a slated at cost less accumulated depreciation. Cosl indudes costs directly attributabl8 lo making the asset capabl8 of operating as intended. Depreclatlon is provlded on all tangible fixed assets, at rates calculated to write off the cost, less eslimaled resldual value. ol each asset on a systematic basis over its expected useful life as follows- Office equlpment Computer equipment Fixtures and rIngS Costume Freehold property 15Vo reducing balance 33¥0 straight line 20% and 500kn straight line 100/0 straight lin& 2% Straight line Freehold property FTeehold property value is reviewed annually by the trustees to ensur& that the valu¢ in the financial statements is a fair reffleclion of the market value and no additional diminution in value h?s ¢Kcurred. Value Addod Tax {VAT) The CIO is not r8gisleTed for VAT and accordingly irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Stock Stock consists of purchased goods for resale. Stocks are valued al the lower of cost and net reallsable value, after making due allowance for obsolete and slow moving rtems. Debtors and CrorS rncélvab10 1 payablg wlthln one year Debtors and creditors with rTro slat8d interest rale and receivable or payable within one year are r8coTded at Iransa¢tion prl¢e. 1.10 Leases Rentals payable and receivable under operating leases are ¢harged lo the SOFA on a $traighl line basls over the period of the lease. P•nsio>n costs The CIO operates a defined contribution plan for the benefrt of its employees. Contributions are expensed as they become payable. 1.12 Golng conc•m The financial statements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The tnjstees have considere(I the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the CIO to be able to conb'nue as a going concern. -13-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2 Inrn0 frorn donatlons, grants and legaclos Unrn$trict Rg$tricted fund$ funds 2023 2023 Totsl 2023 Total 2022 Donations, grants and legacies BBC Children in Need Norfolk Community Foundalron.. Shelroy TTU$t Norfolk Community Foundations.. Sir Norman Lamb Mental Health & Wellbeing Fund Norfolk Community Foundation- Community Merklal Health Support Fund Charities TTUSt.' Avlva John Lewis Partnership Community Fund Tesco Community Grant The Mrs Smith & Mount Trust East of EnglaTKI Co-op Communty Cares Fund East Coast Community Fund Broadland Health & Wellbeing Partnershlp.. Covld Recovery Harper Lomax lQui¢kfire Digitsl) R Thirteen National Lottery Community Fund- RC London and South East Region Clan Trust Ltd Aquaterra Alan Boswell Charitable Trusl The Geoffrey Watliro Charity R C Snelling 378.303 378,303 20,790 378.838 47,629 5.000 20,790 9,870 10,000 14,957 500 1.496 4.935 1,804 5,000 13.000 13.000 640 100 56,878 3,630 1,500 11,043 4.000 3,000 56.878 3,630 1.500 11,043 4,000 Total donatlonsj grants and legacles 378,303 114.581 492.884 3 Income from other tradlng actlvlti8s Unrnstrictod Rgstricted funds funds 2023 2023 Total 2023 Total 2022 Smiles & Tears Boxes Other activities 33 Total Income from olh•r trading activitigs 33 -14-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 4 Inv•stment income Unr•$tri¢tod Rg$trictod funds funds 2023 2023 Totsl 2023 Total 2022 Bank depostt inlerest 13,576 13.576 144 Total cost of genoratlng funds 13,576 13,576 144 S Cost of ralslng funds UnrnstrIct RoStTiCted funds funds 2023 2023 Total 2023 Total 2022 Staffing costs Fundraising Costs 60,209 24,941 60,209 30,354 57,202 20,094 5,413 Total cost of gèntrrating funds 85,150 5,413 90,563 77.296 6 Costs of charftablo actlvltl88 in furtherance of the charitys objects Unrnstrictod R•8trictgd fund$ funds 2023 2023 Totsl 2023 Total 2022 Staffing costs Residential facilities Travel and sub$i$lenGe Activity days an¢J Youth Pangl Telephone Training Printing, postage and stationery 1..1 work Insurance Smile House Gonsumables 180,288 9,413 10,265 5,223 6,294 3,954 2,819 2,640 2,087 1,677 92,437 272,725 9,413 10,265 12,679 6.294 3,954 3,138 2,640 2,087 1,677 220,133 7,128 8.760 9,789 6.412 3,288 2,409 762 1,806 2,023 7,456 319 Total cost8 of activiti•s in furthgranco of Ihe chartty's objacts 224.660 100.212 324,872 271,510 -1
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 Support costs UnrestTlCt•d Re8trlcted funds funds 2023 2023 Total 2023 Total 2022 Depreciation Staffing costs Cleaning, service charges and electriuty Payroll and financial assistance services Travel and subsistence Equipment and consumables Softsvare development & maintenance Printing, postage and stationery Profession81 feeg MislIaneOUS Training Accountancy and independ8nt examination 16.292 69,485 21,865 8,453 540 2,992 4,983 1,344 16.292 69,485 21,865 8,453 540 2,992 4.983 16,215 61,336 23,519 12.457 461 2.313 3.886 1.033 716 258 173 304 207 304 207 2,300 727 1.111 895 2.300 727 1.111 895 887 240 2.100 823 1.132 774 429 228 Subscriptions Telephone Insurance Advertising Bank charges 240 Total support costs 132,025 132.625 127,851 Staff costs and Trustee romuneration Total 2023 Total 2022 Gross salaries Employer's National Insurance {nel) Defined contribution pension Gosts 367,536 317,022 24,266 21,494 10.617 9.155 Total staff costs 402.419 347,671 No employee earned more than £60.000 in either period. No Trustee received any remuneration from the charity during the current or previous financial period, nor were any expenses reimbursed. The average number of employees during the period was 1912022 - 17). -16-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Slaff costs and Trustoes romuneration {continu8d) Key management personnel include all persons that have authority and responsibility for planning, dlrecting and controlling the activities of the charity. The total compensation paid to key management personnel for services provided lo th8 charity included £124.043 Wages and salaries12022 - £114,548), £11,700 Soclal Security Costs12022 - £11,293) and £3.685 Pension costs12022 - £3,238). Tangible fixod assgts Smile8 House Flxtures & Fittings oiri¢• Equlpment ComputOT Equlpment Costumos Tolal At 1 January 2023 Additions Disposals 625.142 132,972 10,001 1.340 46,212 1,441 815,667 1,441 At 31 De¢ember 2023 625,142 132,972 10,001 1,340 47,653 817.108 DgPTgciation At 1 January 2023 Charge for the period Eliminated on disposal 103,743 12.503 128,691 1.130 8.168 274 1,340 42,751 2,385 284,693 16,292 At 31 December 2023 116,246 129.821 8.442 1,340 45,136 300,985 Nèt Book Valuo At 31 December 2022 521.399 4.281 1.833 3,461 530.974 At 31 December 2023 1.559 516.123 10 Creditors 2023 2022 Trade creditors Other creditors Social security and other taxes 4.772 3,741 6.327 4,005 3,980 5.963 Total credltors 14840 13,948 -17-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11 Analysis of funds Transfer At31 b?twn Dgcember funds 2023 January 2023 Incomlng resources R•sour¢a¥ •xpènd•d Unro$tri¢ted funds Unrestricted fund 959,318 391.879 442,435 8,762 Total unr•8tricted funds 959,318 391.879 442,435 908,762 Restricted funds Restricted funds 45.801 114,581 105,625 54,757 Total rgstrlcted funds 45,801 114.581 105.625 54,757 Total funds 1.005.119 506.460 963,519 The purposo of each r8striet•d fund carried forward at the polnt4nd Is glvon below At31 Decornber 2,937 5,000 5,000 Donor Norfolk Community NCF Norfolk Communty NCF Norfolk Communty Foundation.. Shelroy Trust Clan TTUSt Ltd Alan Boswell Group National Lottery BBC Children In N8ed BBC Chlldren in Need Purposo Youth Panel running costs The Shelroy Trust l Youth Panel Youth Panel running costs 100x Smiles & Tears Gift Boxes Child Bereavement Support Worker Salary Child Bereavement Support Worker Salary Child Bereavement Support Worker Salary Child Bereavement Support Worker Salary 2,175 7,464 21,282 1,449 9,450 54.757 -18-
NELSON'S JOURNEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 Analy818 of net assets between funds Unr95trictgd funds Rostrfcted funds Dosignated funds Total funds Tangible fixed assets CuTrent assets Current liabilities 516.123 407,479 114,8401 516.123 462.236 {14,840) 54,757 908,762 757 963,519 13 Ind8p•ndent èxaminers remuneratlon The independent examiners remuneration amounts to an independent examln*ion fee of £2,300 {2022 - £2,100) and other services of £8.45312022 - £12,457)- 14 Obligatlons undèr l•asing agrogrnents The following operating lease paym8nts are committed lo be paid within one year.. 2023 2022 Expiring.. Belween one and five years 3,189 4,125 3,189 4,125 15 Relatad party Iransactions There were no related party transactions during the period. 16 P•nsion costs The charity operates a def1ned contribution pension plan for ils employees. The arnount recognised as an expense in the period was £10,617 {2022 - £9.1551. -19-