2023-03-31-accounts - North Cambridge Community Partnership

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Registered Charity No 1171138

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

REPORT AND ACCOUNTS

31 March 2023

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

FINANCIAL STATEMENTS

For the year ended 31 March 2023

INDEX	Page
Legal and administrative details	1
Report of the Trustees	2-3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Principal accounting policies	7
Notes to the financial statements	8-10

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

FINANCIAL STATEMENTS For the year ended 31 March 2023

LEGAL AND ADMINISTRATIVE DETAILS

Charity Registration number:	1171138
Principal office:	37 Lawrence Way
	Cambridge
	CB4 2PR
Trustees:	Mr Ricardo Arbelaez
	Dr Eric Mbunya
	Mrs Jane Kiddle
	Mrs Tanya Bryan
	Mrs Janis Ford
	Dr Nancy Marian
	Mrs Patricia Hofmeisterova
Bankers:	Barclays Bank Plc
	Leicester
	LE87 2BB
Independent Examiner:	T C Group Limited
	4 Office Village
	Cygnet Park, Forder Way
	Hampton, Peterborough
	PE7 8GX

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

REPORT OF THE TRUSTEES

The trustees present their report together with the financial statements for the period ended 31 March 2023.

Objectives and activities

The North Cambridge Community Partnership ("the Partnership") is established for charitable purposes and is governed by a Trust Deed dated 16 January 2017. In accordance with its Trust Deed, the Trust's principal objective is to hold funds and income thereon for the benefit of charitable institutions or purposes, at the Trustees' discretion. During the year no capital assets were appointed to the Trust.

The Trustees' role is to hold the Trust funds upon trust and to apply the capital and income thereon for the benefit of charitable institutions and purposes.

During the period the Partnership organised and hosted various events for the benefit of the local community The Trustees believe these activities meet the stated aims of the Trust and Charity Commission's general guidance on public benefit.

Public Benefit

In accordance with its Trust Deed and the Donors letter of wishes, the Trust provides public benefit by organising and hosting various events for the benefit and support of the local community.

Trustees

The Trustees of the Board are set out on page 1. Further Trustees can only be appointed by the current Trustees for the time being.

Financial review

The income and expenditure for the year is set out in the Statement of Financial Activities (the SOFA) on page 5 and the accompanying notes to the accounts. The total income for the year amounted to £43,622 (2022: £76,557)

The total expenditure this year amounted to £43,553 (2022: £65,410). There was a net unrestricted surplus of £11,294 and a net restricted surplus of £11,225 (2022: overall surplus of £8,126).

Assets

The assets are held in pursuance of the Charity's objectives. The net assets of the Charity amounted to £101,053 (2022: £100,984).

Reserves policy

The Trustees have examined the requirement for free unrestricted reserves and consider that they should aim to ensure sufficient working capital to cover 6 months' staff employment costs and establishment costs. The amount needed to meet this was £14,115 at 31 March 2023 (2022 - £18,504). The balance held as unrestricted funds at 31 March 2023 was £95,670 of which £95,964 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets. The current level of free reserves is therefore higher than is needed.

REPORT OF THE TRUSTEES

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

Funding

The Trustees are satisfied that the Charity's assets are available and adequate to fulfil its obligations.

Trustees' responsibilities for the financial statements

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity, and to enable the Charity to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE TRUSTEES

Mr Ricardo Arbelaez Treasurer

Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

We report on the financial statements for the period ended 31 March 2023, which are set out on pages 5 to 8 of the Financial Report.

This report is made solely to the Trustees in accordance with Section 43 (3) (a) of the Charities Act 2011. Our work has been undertaken so that we might state to the Trustees those matters which we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees for our work, for this report, or for the opinions we have formed.

Respective responsibilities of the Trustees and examiner

As described on page 3 the Charity's Trustees are responsible for the preparation of the accounts; you consider that the audit requirements of Section 144 (2) of the Charities Act 2011 (the Act) do not apply and that an independent examination is needed.

It is our responsibility to:

examine the accounts under S145 of the 2011 Act.
follow the procedures laid down in the general Directions given by the Charity Commissioner under S145 (5) b of the 2011 act.
state whether particular matters have come to our attention under S156 of the 2011 act.

Basis of independent examiner's report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts, presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with Section 130 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

T C Group Limited

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2023

Notes Incoming resources: Grants 2 Charitable activities 3 Total Resources expended: Charitable activities 4 Establishment costs 5 Staff costs 6 Support costs 7 Governance 8 Grants repaid 9 Total Net resources for the year and surplus (deficit) of income to expenditure Fund balances brought forward at 1 April 2022 Fund balances carried forward at 31 March 2023	Unrestricted funds - 13,232 13,232 - 663 1,275 - 1,938 11,294 84,670 95,964	Restricted funds 30,390 - 30,390 11,958 15,931 11,637 704 1,385 41,615 (11,225) 16,314 5,089	2023 £ 30,390 13,232 43,622 11,958 16,594 11,637 1,979 1,385 43,553 69 100,984 101,053	2022 £ 62,718 13,839
				76,557
				21,471 15,960 21,048 5,873 1,058
				65,410
				11,147
				89,837
				100,984

The accompanying accounting policies and notes form an integral part of these financial statements

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

BALANCE SHEET AT 31 MARCH 2023

Notes 2023 £ Fixed assets Equipment 10 - - Current assets Cash at bank 102,570 Debtors 11 454 103,024 Creditors: amounts falling due within one year 12 (1,971) Net current assets 101,053 Total assets less current liabilities 101,053 Funds Restricted funding 14 5,089 Unrestricted funding - general fund 14 95,964 Total funds 101,053	2022 £ 290 290 99,743 3,754 103,497 (2,803) 100,694 100,984 16,314 84,670 100,984	2022 £ 290

		100,984
		16,314 84,670
		100,984

The financial statements were approved by the Board of Trustees on ________

Mr Ricardo Arbelaez Treasurer

The accompanying accounting policies and notes form an integral part of these financial statements

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

1 ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared in accordance with the Charities Act 2011 and following the recommendations in the Statement of Recommended Practice: Accounting by Charities (the SORP) issued in 2015. They have been prepared under the historical cost convention except that investments are valued at market value (see below).

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment 20% on cost

INCOME RESOURCES

Investment income

Grants and donations are recognised when received.

RESOURCES EXPENDED

Expenditure, which is charged on an accruals basis, is allocated between:

expenditure incurred directly to generate income (generating funds);
expenditure incurred directly on the fulfilment of the charity's objectives (direct charitable);
expenditure incurred in the management and administration of the charity.

FUND ACCOUNTING

Unrestricted funds are available to be used for any of the charitable objects at the discretion of the trustees. Designated funds are set aside by the trustees out of unrestricted funds for specific purposes or projects.

GOING CONCERN

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

2 INCOME FROM GRANTS

Unrestricted funds - - - - - - - -	Restricted funds 4,000 22,890 3,500 - - - - -	2023 £ 4,000 22,890 3,500 - - - - -	2022 £ 6,000 35,134 7,000 - 5,373 2,000 4,040 3,171
-	30,390	30,390	62,718
Unrestricted funds 11,566 1,261 - 405 13,232 Unrestricted funds - - - - - - - Unrestricted funds - 184 150 329 663	Restricted funds - - - - - Restricted funds 8,971 420 287 2,280 11,958 Restricted funds 9,838 1,658 1,348 129 2,958 15,931	2023 £ 11,566 1,261 - 405 13,232 2023 £ 8,971 420 287 - - - 2,280 11,958 2023 £ 9,838 1,842 1,498 129 3,287 16,594	2022 £ 11,166 1,378 370 925
			13,839
			2022 £ 11,363 - 8,160 83 150 510 1,205
			21,471
			2022 £ 6,599 3,862 2,158 3,341
			15,960

3 INCOME FROM CHARITABLE ACTIVITIES

4 EXPENDITURE ON CHARITABLE ACTIVITIES

5 ESTABLISHMENT COSTS

6 STAFF EMPLOYMENT COSTS

STAFF EMPLOYMENT COSTS
Gross salaries Pension costs	Unrestricted funds - - -	Restricted funds 11,528 109 11,637	2023 £ 11,528 109 11,637	2022 £ 20,611 437
				21,048

There was 3 part time employee in 2023 (2022: 1)

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

7 SUPPORT COSTS

Newsletter costs Publicity Postage & stationery Insurance Telephone & internet Computer costs Memberships Training & conferences Website Sundry expenses Depreciation charge 8 GOVERNANCE COSTS Governance Policy development Accountancy 9 GRANTS REPAID Cambridge City Council	Unrestricted funds - - - - - - - 461 525 289 1,275 Unrestricted funds - - - - Unrestricted funds - -	Restricted funds 528 - - 176 - - - - - - - 704 Restricted funds 453 10 922 1,385 Restricted funds - -	2023 £ 528 - - 176 - - - - 461 525 289 1,979 2023 £ 453 10 922 1,385 2023 £ - -	2022 £ 4,162 - - 638 - 372 34 150 228 - 289
				5,873
				2022 £ 41 279 738
				1,058
				2022 £
				-

The above grant repayment relates to £4,000 that was paid in 2019 and was ring-fenced to cover 50% of the legal costs incurred in the year ended 31 March 2020. The total legal costs incurred in 2020 were £3,240, 50% (£1,620) was therefore covered by the grant leaving £2,380 to be repaid.

10 TANGIBLE FIXED ASSETS

Cost At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year Charge on disposals At 31 March 2023 Net book value At 31 March 2022 At 1 April 2022 11 Debtors Due within 1 year: Trade debtors Pension debtor Accrued income Prepayments & accrued income	Computer Equipment £ 1,447 - - 1,447 1,157 290 - 1,447 0 - 290 2023 £ - 49 405 454	2022 £ 906 2,848
		3,754

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2023

12 Creditors Due within 1 year: Trade creditors Accruals Deferred income (note 13) Taxation and social security Other creditors 13 Deferred income At 1 April 2022 Additions during the year Amounts released to income At 31 March 2023 14 MOVEMENT IN FUNDS *Restricted funds:* Cambridge City Council (Policy Development) Cambridge City Council (Lawrence Way- Rent Contribution) Cambridge City Council (NCCP - Organisation Governance) Cambridge City Council (NCCP - Community Activities) Cambridge City Council (Nuns Way - SLA) Cambridge City Council (Nuns Way - S106 Grant) Cambridge City Council (Digital Grant) Cambridgeshire County Council (Literacy Project) City Fibre (Coding Club) Cambridge Science Centre (Science Club) Total restricted *Unrestricted funds:* General fund Total unrestricted Total funds	At 1 April 2022 809 5,918 - 390 - 170 2,083 3,478 3,466 16,314 84,670 84,670 100,984	Incoming resources 4,000 6,500 16,390 3,500 - - 30,390 13,232 13,232 43,622	2023 £ 1,437 396 - 133 5 1,971 39 - 39 - - Resources expended 10 6,543 17,246 9,499 6,069 707 - 2,280 42,354 1,199 1,199 43,553	2022 £ 2,381 378 39 - 5
				2,803
				7,045 39 7,045 -
				39
				At 31 March 2023 £ 799 2,543 - 4,828 - 6,891 2,179 - - 170 1,376 3,478 1,186
				4,350
				96,703
				96,703

				101,053

Notes on funds:

Restricted funds arise from contributions or grants which have been earmarked by the donors for the particular purposes shown above.

The general fund is available to be used for any of the charitable objectives.