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← North Cambridge Community Partnership

2024-03-31-accounts

Registered Charity No 1171138

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

REPORT AND ACCOUNTS

31 March 2024

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

FINANCIAL STATEMENTS

For the year ended 31 March 2024

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

FINANCIAL STATEMENTS

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

For the year ended 31 March 2024

LEGAL AND ADMINISTRATIVE DETAILS

Charity Registration number: 1171138
Principal office: Campkin Road Community Centre
70 Morello Place
Cambridge
CB4 2ZH
Trustees: Dr Eileen Angela Sheehy Skeffngton (appointed 12.09.2024) - Chairman
Mr Ricardo Arbelaez
Mrs Tanya Bryan
Mrs Janis Ford
Dr Nancy Marian
Mrs Golzar Zandi
Mr Benjamin David Greig (appointed 28.11.2024)
Margaret Mary Tindall (appointed 05.12.2024)
Katherine Elizabeth Holland (appointed 08.12.2024)
Bankers: Barclays Bank Plc
Leicester
LE87 2BB
Independent Examiner: T C Group Limited
4 Office Village
Cygnet Park, Forder Way
Hampton, Peterborough
PE7 8GX

1

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP REPORT OF THE TRUSTEES

The trustees present their report together with the financial statements for the period ended 31 March 2024.

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 £25,058 (2023: £43,622).

The total expenditure this year amounted to £34,139 (2023: £43,553). There was a net unrestricted surplus of £135 and a net restricted deficit of £9,216 (2023: overall surplus of £69).

Assets

The assets are held in pursuance of the Charity's objectives. The net assets of the Charity amounted to £91,972 (2023: £101,053).

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 £9,900 at 31 March 2024 (2023 - £14,115). The balance held as unrestricted funds at 31 March 2024 was £81,509.

2

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP REPORT OF THE TRUSTEES

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

==> picture [166 x 47] intentionally omitted <==

Dr Eileen Angela Sheehy Skeffngton Chairman

Date 27Feb 2025

3

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

We report on the financial statements for the period ended 31 March 2024, 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:

  1. examine the accounts under S145 of the 2011 Act.

  2. follow the procedures laid down in the general Directions given by the Charity Commissioner under S145 (5) b of the 2011 act.

  3. 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:

T C Group Limited

4

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2024

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
Transfer between funds
Fund balances brought forward at 1 April 2023
Fund balances carried forward at 31 March 2024		 Unrestricted
funds
-
9,008
9,008
-
3,259
2,289
406
475
2,444
8,873
135
(15,329)
96,703
81,509		 Restricted
funds
16,050
-
16,050
8,139
14,060
2,015
1,052
25,266
(9,216)
15,329
4,350
10,463		 2024
£
16,050
9,008
25,058
8,139
3,259
16,349
2,421
1,527
2,444
34,139
(9,081)
-
101,053
91,972		 2023
£
30,390
13,232
43,622
11,958
16,594
11,637
1,979
1,385
43,553
69
-
100,984
101,053

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

5

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

BALANCE SHEET AT 31 MARCH 2024

Notes
2024
£
Fixed assets
Equipment
10
-
-
Current assets
Cash at bank
95,348
Debtors
11
95,348
Creditors: amounts falling due
within one year
12
(3,376)
Net current assets
91,972
Total assets less current liabilities
91,972
Funds
Restricted funding
14
10,463
Unrestricted funding - general fund
14
81,509
Total funds
91,972		 2023
£
-
-
102,570
454
103,024
(1,971)
101,053
101,053
5,089
95,964
101,053		 2023
£
-
101,053
5,089
95,964
101,053

27Feb 2025

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

==> picture [165 x 47] intentionally omitted <==

Dr Eileen Angela Sheehy Skeffngton Chairman

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

6

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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:

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.

7

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

2 INCOME FROM GRANTS

Cambridge City Council (for Lawrence Way)
Cambridge City Council (organisation governance &
community activities)
Cambridge City Council (for Nun's Way)
Cambridge City Council (grant)
Cambridgeshire County Council (literacy project)
City Fibre (coding club)
Cambridge Community Foundation (Coronavirus Grant)
Science Centre
Living Sports		 Unrestricted
funds
Restricted
funds
2024
2023
£
£
-
-
-
4,000
-
9,050
9,050
22,890
-
7,000
7,000
3,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,050
16,050
30,390

3 INCOME FROM CHARITABLE ACTIVITIES

Room hire
Event income
Advertising income
Miscellaneous donations		 Unrestricted
funds
6,689
1,872
-
447
9,008		 Restricted
funds
-
-
-
-
-		 2024
£
6,689
1,872
-
447
9,008		 2023
£
11,566
1,261
-
405
13,232

4 EXPENDITURE ON CHARITABLE ACTIVITIES

Event costs
Reading project
Literacy project
Coding club
Winter grant
Sports Project
Science Club		 Unrestricted
funds
-
-
-
-
-
-
-
-		 Restricted
funds
7,394
-
-
-
-
745
-
8,139		 2024
£
7,394
-
-
-
-
745
-
8,139		 2023
£
8,971
420
287
-
-
-
2,280
11,958

5 ESTABLISHMENT COSTS

Rent
Utilities
Cleaning
Equipmnt
Maintenance
STAFF EMPLOYMENT COSTS
Gross salaries
Pension costs		 Unrestricted
funds
-
210
1,032
-
2,017
3,259
Unrestricted
funds
2,289
-
2,289		 Restricted
funds
-
-
-
-
-
-
Restricted
funds
13,913
147
14,060		 2024
£
-
210
1,032
-
2,017
3,259
2024
£
16,202
147
16,349		 2023
£
9,838
1,842
1,498
129
3,287
16,594
2023
£
11,528
109
11,637

6 STAFF EMPLOYMENT COSTS

There was 3 part time employee in 2024 (2023: 3)

8

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

7 SUPPORT COSTS
Newsletter costs
Insurance
IT and Website
Sundry expenses
Depreciation charge
Legal Costs
Accountancy
8 GOVERNANCE COSTS
Governance
Policy development
Accountancy
9 GRANTS REPAID
Cambridge City Council		 Unrestricted
funds
-
262
-
-
-
-
144
406
Unrestricted
funds
475
-
-
475
Unrestricted
funds
2,444
2,444		 Restricted
funds
-
522
-
-
-
608
885
2,015
Restricted
funds
1,052
-
-
1,052
Restricted
funds
-
-		 2024
£
-
784
-
-
-
608
1,029
2,421
2024
£
1,527
-
-
1,527
2024
£
2,444
2,444		 2023
£
528
176
461
525
289
-
-
1,979
2023
£
453
10
922
1,385
2023
£
-

10 TANGIBLE FIXED ASSETS

Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Charge on disposals
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023
11 Debtors
Due within 1 year:
Trade debtors
Pension debtor
Accrued income
Prepayments & accrued income		 Computer
Equipment
£
1,447
-
-
1,447
1,447
-
-
1,447
0
-
0
-
2024
£
-
-
-
-		 2023
£
-
49
405
-
454

9

NORTH CAMBRIDGE COMMUNITY PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

ORTH CAMBRIDGE COMMUNITY PARTNERSHIP
OTES TO THE FINANCIAL STATEMENTS
or the year ended 31 March 2024
12 Creditors
Due within 1 year:
Trade creditors
Accruals
Deferred income (note 13)
Taxation and social security
Pension
Wages
Other creditors		 2024
£
978
900
-
125
74
1,295
5
3,376		 2023
£
1,437
396
-
133
5
1,971
13 Deferred income
At 1 April 2023
Additions during the year
Amounts released to income
At 31 March 2024
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 (Digital Grant)
Cambridgeshire County Council (Literacy Project)
City Fibre (Coding Club)
Cambridge Science Centre (Science Club)
Living Sports
Total restricted
Unrestricted funds:
General fund
Total unrestricted
Total funds		 At 1 April
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		 Incoming
resources
-
-
-
9,050
7,000
-
-
-
-
-
16,050
9,008
9,008
25,058		 Resources
expended
-
-
-
12,487
12,779
-
-
-
-
-
25,266
8,873
8,873
34,139		 -
-
-
-
Transfers
-
2,543
4,828
-
7,958
-
-
-
-
-
15,329
15,329
-
15,329
-
30,658		 -
-
-
-
At 31 March
2024
£
799
-
-
3,454
-
170
1,376
3,478
1,186
-
10,463
81,509
81,509
91,972

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.

10