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2024-01-30-accounts

The Charity Registration Number is :- 1182608

Neo Community

Report and Accounts

30 January 2024

Community

Neo Community

Report and accounts for the year ended 30 January 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 8
Independent Examiner's Report 9
Funds Statements:-
Statement of Financial Activities 11
Statement of Financial Activities - Prior Year statement 12
Movements in funds 13
Revenue Funds 13
Fixed Asset funds 13
Income and Expenditure account 14
Summary of funds 0
Balance sheet 15
Cash flow statement 16
Notes to the accounts 18

Neo Community Trustees' Annual Report for the year ended 30 January 2024

The Trustees present their Report and Accounts for the year ended 30 January 2024.

Reference and administrative details

The charity name.

The legal name of the charity is:- Neo Community.

The charity is also known by its operating name, Neo Community. The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1182608. The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

The Youth Centre Beaconsfield Close, Birkenhead CH42 3YN

Telephone 0151 647 5981 Email Address: www.neocommunity.org.uk Web address: info@neocommunity.org.uk

The Trustees in office on the date the report was approved were:-

Judi Blacow (Chair) Matthew Davies Lindsey Edwards Danny Hart Janet Heath Sheena McDermott Luke O'Dowd Elaine Owen Anne Parsons Alan Woods

1

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

The following persons served as Trustees during the year ended 30 January 2024 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

At the Annual General Meeting Sheena McDermott, Danny Hart, Elaine Owen, Matthew Davies and Judi Blacow retire as trustees, but are eligible for reappointment.

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

NEO Community is committed to promoting the growth of self-sustaining, resilient communities. NEO is at the forefront of reducing food waste and food insecurity through awareness, education, and food provision.

Through the provision of services and activities, the charity works with communities where hardship and deprivation are evident. Working with people regardless of faith, ethnic or social background, the charity provides support and a range of community services including the provision of affordable healthy food.

The main activities undertaken in relation to those purposes during the year.

To support the CIOs objectives, a selection of the services provided from Beaconsfield Community House are listed below:

NEO continues to work collaboratively with other service providers, helping to provide wrap around support to service users.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

In addition to the activities noted above, NEO have branched out to offer a South Wirral Community Support project. This started in 2023, with funding from the National Lottery – Reaching Communities Fund. This has allowed us to deliver Social Sports Clubs, Look to launch a community library and reach out and listen to the Communities of South Wirral, then deliver social action within the areas.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

2

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

The short term and longer term aims and objectives.

Plans for 2024/2025 include:

The contribution of volunteers during the year.

NEO’s team of volunteers (core team of around 30 regular volunteers) are reflective of the diverse make-up of the community. All undergo relevant background/safeguarding checks, and all complete NEO’s induction process on starting. This provides all the necessary organisational background; Basic First Aid; Safeguarding; GDPR etc. along with how to access practical support and guidance for themselves and for others.

All volunteers take an active part in team meetings and are encouraged to give feedback and share knowledge. Time is set-aside during meetings to discuss volunteer issues and development plans and additional training opportunities are available for those keen to progress.

The main achievements and performance of the charity during the year.

Fundraising activities during the year.

NEO continues to encourage membership of the NEO 50, whereby local businesses pledge their support with regular financial or “in kind” donations.

Neo also receives unsolicited donations from the public.

We also operate a ‘pay as you feel’ basis across all our offers from the shop, café to participation in all activities.

The significant charitable activities undertaken in the year.

A significant activity we have seen grow this last year has been the Neo School Partnership. We have seen our 9 social supermarkets in school grow in demand, but also grow in compassion and delivery. We have been able to train all of our volunteers to be the friendly supportive and approachable person. We have seen a 32% increase in our footfall and engagement from 2022/23 – 2023-24.

How the achievements during the year measure up to the objectives set.

The trustees are reassured that the outcomes and impact of Neo Communities Achievements has exceeded expectation.

3

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

The performance of material fundraising activities during the year against the fundraising objectives set.

2023 saw the first ever Neo Community Charity Ball. In June 2023, we welcomed over 150 people to the Ball. We raised £10,000. The trustees all agreed this event should be run every 2 years.

The board had set a fundraising target for the year, this covers grants and trusts, donations, Neo 50 and other fundraising initiatives. During 2023/24 Neo Community Exceeded this target and generated funds for future years also by securing grant funding across multiple years.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

Trustees are selected based upon professional skills to complement those of existing board members.

The policies and procedures for the induction and training of trustees.

Induction involves attending board meetings prior to appointment, meeting the management team and the Board and receiving copies of policies, business plans and accounts. Training is continually assessed and implemented by facilitators as required.

Existing Trustees have participated in training and capacity building to ensure that they understand their legal obligations. Trustees are provided with a comprehensive induction pack along with peer support and mentoring. Trustees are encouraged to attend appropriate internal/external training events where these will facilitate understanding of their role.

Training offered during the year included: •Trustee online briefings provided by the Charity Commission •Charity governance training

•Continued programme of presentations and information papers at the Board

The charity's organisational structure.

The Board of Trustees | CEO and COO (SLT) |

Team of Staff and Volunteers

How the charity makes decisions and how decisions are delegated.

The Board of Trustees makes decisions based on the key objectives of Neo Community. The direction and workflow is hugely based on need and delivered and directed by the CEO and the team, however the Board has regular updates on projects, KPI’s and Funding. This allows the trustees to have ongoing oversite and makes key decisions on changes, alterations and changes of direction.

All funding Applications are approved by at least one trustee before submission, so the board has oversite on what commitments Neo Community are accepting.

The Chief Executive Officer and other senior management personnel to whom day to day management is delegated

Ema Wilkes – Chief Executive Officer – Neo Community Adam Mellor – Chief Operating Officer – Neo Community

4

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

Setting pay and remuneration of key management personnel

The remuneration of key management personnel is determined by the board of trustees. The trustees consider the seniority of the post, the expertise and experience of the post holder, the local market conditions and sector market conditions for remuneration, and benchmarking information from similar organisations in determining the remuneration of key management personnel

The charity's relationships with related parties.

Bankers Lloyds Bank plc, 1 Borough Pavement, Grange Precinct, Birkenhead CH41 2XX Bankers Metro Bank, One Southampton Roaw, London WC1B 5HA

Financial review

The charity's financial position at the end of the year ended 30 January 2024

The financial position of the charity at 30 January 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income		 2024
£
56,904
85,986
85,986		 2023
£
(87,590)
29,082
29,082

Financial review of the position at the reporting date, 30 January 2024 .

The trustees consider the financial performance by the charity during the year to have been satisfactory. We have been able to accumulate reserves following a year we made significant deficit. The budgeting for 2024/25 will also aim to build on this and develop further reserves.

5

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

Policies on reserves.

It is the Charity’s policy to hold free reserves in its unrestricted funds to establish an appropriate level of working capital and to protect the future operations of the Charity from the effects of any unforeseen variations in its income streams as part of policy of good financial management practice.

The Trustees have set a reserves policy which requires free reserves to be maintained at a level which can ensure that NEO Community’s core charitable objectives can continue to be delivered even during a period of unforeseen difficulty.

The calculation of the required level of reserves is an integral part of the organisation's planning, budget and forecast cycle. It considers:

-The resources required to manage and adjust staffing levels across the charity -The resources required to fulfil existing contracts, leases and other obligations and commitments. Based on these principles, the required target level of free reserves on 31 March 2022 has been calculated as £90,000.

Business plans are regularly reviewed by management to ensure efficient use of resources, successful delivery of activities and sustainability. The charity will continue to build up its free reserves over time to meet the required target level.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Significant events which have affected the financial performance and the financial position.

Nothing to note

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The Trustees actively review the major risks, which the charity faces, on a regular basis. The Trustees believe that maintaining the unrestricted reserves and combined with the annual review of the controls over key financial systems, provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which the organisation face and confirm that established systems are in place to mitigate these risks.

Factors likely to affect future financial performance .

Factors that may affect future financial performance are:

6

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

Plans for 2024/2025 include:

•Continuing with the programme to increase the number of schools in our Schools Partnership, along with relevant training and stock provision.

Details of The Independent Examiner

Matthew Brown

Member of CIPFA Studio 6, Bluecoat Chambers

College Lane Liverpool L1 3BX

7

Neo Community

Trustees' Annual Report for the year ended 30 January 2024

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 26 September 2024.

Judi Blacow Trustee

8

Neo Community

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 30 January 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 11 to 32 for the year ended 30 January 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 18.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 8, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

Since the charity's gross income exceeded £250,000, the charity's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of CIPFA, which is one of the listed bodies.

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

9

Neo Community

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The gross income of the charity in the year ended 30 January 2024 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of CIPFA;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Signed:-

Matthew Brown - Independent Examiner CIPFA Studio 6, Bluecoat Chambers College Lane Liverpool L1 3BX

This report was signed on 27 September 2024

10

Neo Community - Statement of Financial Activities for the year ended 30 January 2024

Statement of Financial Activities for the year ended 30 January 2024

Current year
Unrestricted
Funds
2024
£
Income & Endowments from:
Donations & Legacies
A1
146,855
Charitable activities
A2
721,284
Investments
A4
291
Total income
A
868,430
Expenditure on:
Charitable activities
B2
811,526
Total expenditure
B
811,526
Net income for the year
56,904
Net income after transfers
A-B-C
56,904
56,904
Reconciliation of funds:-
E
Total funds brought forward
29,082
Total funds carried forward
85,986
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2024
£
39,625
-
-
39,625
39,625
39,625
-
-
-
-
-		 Current year
Total Funds
2024
£
186,480
721,284
291
908,055
851,151
851,151
56,904
56,904
56,904
29,082
85,986		 Prior Year
Total Funds
2023
£
369,877
612,283
5,350
987,510
1,075,100
1,075,100
(87,590)
(87,590)
(87,590)
116,672
29,082

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 18 to 32 form an integral part of these accounts.

11

Neo Community - Statement of Financial Activities for the year ended 30 January 2024

Neo Community - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activit
B3
Other taxation
B3
Total expenditure
B
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref
Net gains on investments		 Prior Year
Unrestricted
Funds
2023
£
308,738
612,283
-
5,350
-
926,371
-
1,013,961
-
-
-
1,013,961
-
(87,590)
-
(87,590)
(87,590)
116,672
29,082

 Prior Year
Restricted
Funds
2023
£
61,139
-
-
-
-
-
61,139
-
61,139
-
-
-
-
61,139
-
-
-
-
-
-
-		 Prior Year
Total Funds
2023
£
369,877
612,283
-
5,350
-
987,510
-
1,075,100
-
-
-
1,075,100
-
(87,590)
-
(87,590)
(87,590)
116,672
29,082

All activities derive from continuing operations

The notes attached on pages 18 to 32 form an integral part of these accounts.

12

Neo Community - Statement of Financial Activities for the year ended 30 January 2024

Neo Community - Resources applied in the year ended 30 January 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2024
£
-
(31,270)
-
(31,270)		 2023
£
-
(17,603)
-
(17,603)

Movements in revenue and capital funds for the year ended 30 January 2024

Revenue accumulated funds

Unrestricted
Funds
2024
£
Accumulated funds brought forward
29,082
56,904
85,986
Closing revenue funds
85,986
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
85,986
Recognised gains and losses before
transfers		 Restricted
Funds
2024
£
-
-
-
-
Restricted
Funds
2024
£
-		 Total
Funds
2024
£
29,082
56,904
85,986
85,986
Total
Funds
2024
£
85,986		 Last year
Total Funds
2023
£
116,672
(87,590)
29,082
29,082
Last Year
Total Funds
2023
£
29,082

The notes attached on pages 18 to 32 form an integral part of these accounts.

13

Neo Community - Statement of Financial Activities for the year ended 30 January 2024

Neo Community Income and Expenditure Account for the year ended 30 January 2024 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2024
£
907,764
291
908,055
908,055
821,412
27,363
2,376
-
851,151
56,904
-
56,904
56,904		 2023
£
982,160
5,350
987,510
987,510
1,053,996
18,728
2,376
-
1,075,100
(87,590)
-
(87,590)
(87,590)

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 18 to 32 form an integral part of these accounts.

14

Neo Community - Balance Sheet as at 30 January 2024

SORP
Note Ref 2024 2023
£ £
Fixed assets A
Tangible assets 11 A2 49,868 45,961
Current assets B
Debtors 12 B2 9,982 36,164
Cash at bank and in hand B4 40,533 32,425
Total current assets 50,515 68,589
Creditors: amounts falling due within
one year 13 C1 (14,397) (85,468)
Net current assets 36,118 (16,879)
The total net assets of the charity 85,986 29,082
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Unrestricted Funds - -
Unrestricted Revenue Funds 16 D3 85,986 29,082
Designated Funds 85,986
-		 29,082
-
Total charity funds 85,986 29,082

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 10.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Judi Blacow

Trustee

Approved by the board of trustees on 26 September 2024

The notes attached on pages 18 to 32 form an integral part of these accounts.

15

Neo Community

Cash Flow Statement for the year ended 30 January 2024

Cash flows from operating activities
A
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Net cash provided by investing activities
B
Cash flows from financing activities
Net cash provided by operating activities as shown below		 2024
£
39,087
291
(31,270)
(30,979)		 2023
£
(105,043)
5,350
(17,603)
(12,253)
Net cash provided by financing activities
C
Overall cash provided by all activities
Cash movements
Change in cash and cash equivalents from activities in the
year ended 30 January 2024
Cash and cash equivalents at 31 January 2023
Change in cash and cash equivalents due to exchange rate movements
A+B+C
Cash at bank and in hand less overdrafts at 30 January		 -
8,108
8,108
32,425
-
40,533		 -
(117,296)
(117,296)
149,722
-
32,426

16

Neo Community

Cash Flow Statement for the year ended 30 January 2024 Neo Community

Cash Flow Statement for the year ended 30 January 2024 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation charges
Dividends, interest and rents from investments
Decrease in debtors
Increase in creditors, excluding loans
Net cash provided by operating activities
A
Analysis of cash and cash equivalents
Cash in hand at for the year ended 30 January 2024
Total cash and cash equivalents
At start
of year
Cash
32,425
Total
32,425
Analysis of change in net debt		 56,904
27,363
-
-
(291)
26,182
(71,071)
39,087
2024
£
40,533
40,533
Cash
Flows and
8,108
8,108		 (87,590)
18,728
-
-
(5,350)
136,088
(166,919)
(105,043)
2023
£
32,425
32,425
At end
of year
40,533
40,533

17

Neo Community

Notes to the Accounts for the year ended 30 January 2024

1 Accounting policies

Policies relating to the production of the accounts

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30 January 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

18

Neo Community

Notes to the Accounts for the year ended 30 January 2024

Policies relating to expenditure on goods and services provided to the charity

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

Policies relating to assets, liabilities and provisions and other matters

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Equipment 25% straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade

discounts due.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

There are no designated funds

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or as implied by law. There are no endowment funds.

19

Neo Community

Notes to the Accounts for the year ended 30 January 2024

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of such matters.

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs		 2024
£
27,363
4,212		 2023
£
18,728
3,873

6 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

7 Staff costs and emoluments

Salary costs
2024
£
Gross Salaries excluding trustees and key management personnel
240,403
Employer's National Insurance for all staff
12,418
Employer's operating costs of defined
contribution pension schemes
4,212
Total salaries, wages and related costs
257,033
The estimated full time equivalent number of all staff employed in the year was
14
Engaged on charitable activities
14
The estimated full time equivalent number of all staff employed as above
14
The estimated equivalent number of full time staff deployed in different activities in the year was:-		 2023
£
225,566
9,459
3,873
238,898
15
15
15

Alan Woods, a trustee, received £1,420 during the year for payroll services.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

8 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

20

Neo Community

Notes to the Accounts for the year ended 30 January 2024

9 Deferred income - Unrestricted and Designated funds

Current Year
Wirral Borough Council
Total
These deferrals are included in creditors
Prior Year
Wirral Borough Council
Total
These deferrals are included in creditors		 Opening
Released
Deferrals
from prior
years
£
£
82,400
82,400
82,400
82,400
Opening
Released
Deferrals
from prior
years
£
£
-
-
-
-		 Received
less released
in year
£
-
-
2024
£
-
Received
less released
in year
£
-
-
2023
£
82,400		 Deferred
at year end
£
-
-
2023
£
82,400
Deferred
at year end
£
82,400
82,400
2022
£
-

The deferrals included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of unrestricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or, alternatively, where there are conditions which must be fulfilled prior to entitlement or use of the unrestricted funds by the charity .

10 Deferred income - Restricted funds

Current Year
National Lottery Community Fund RC North West Region
Total
These deferrals are included in creditors		 Opening
Released
Deferrals
from prior
years
£
£
-
-
-
-		 Received
less released
in year
£
-
-
2024
£
10,750		 Deferred
at year end
£
10,750
10,750
2023
£
-

The deferrals included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of restricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or, alternatively ,where there are conditions which must be fulfilled prior to entitlement or use of the restricted funds by the charity .

21

Neo Community

Notes to the Accounts for the year ended 30 January 2024

11 Tangible fixed assets

Current Year
Cost
At 31 January 2023
Additions
At 30 January 2024
Depreciation
At 31 January 2023
Charge for the year
At 30 January 2024
Net book value
At 30 January 2024
At 30 January 2023
12 Debtors
Trade debtors
Prepayments and accrued income
Other debtors
13 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
Deferred Income - Restricted funds
Other creditors		 Equipment
£
86,967
31,270
118,237
41,006
27,363
68,369
49,868
45,961		 2024
£
4,733
642
4,607
9,982
2024
£
404
2,448
-
10,750
795
14,397		 Total
£
86,967
31,270
118,237
41,006
27,363
68,369
49,868
45,961
2023
£
-
30,189
5,975
36,164
2023
£
-
3,068
82,400
-
-
85,468

22

Neo Community

Notes to the Accounts for the year ended 30 January 2024

14 Income and Expenditure account summary

Income and Expenditure account summary
At 31 January 2023
Surplus after tax for the year
At 30 January 2024		 2024
£
29,082
56,904
85,986		 2023
£
116,672
(87,590)
29,082

15 Particulars of how particular funds are represented by assets and liabilities

At 30 January 2024
Tangible Fixed Assets
Current Assets
Current Liabilities
At 31 January 2023
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Designated
funds
funds
£
£
49,868
-
50,515
(14,397)
-
85,986
-
Unrestricted
Designated
funds
funds
£
£
45,961
-
68,589
-
(85,468)
-
29,082
-		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-
-		 Total
Funds
£
49,868
50,515
(14,397)
85,986
Total
Funds
£
45,961
68,589
(85,468)
29,082

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Total charity funds		 Funds brought
forward from
2023
Movement in
funds in 2024
See Note 17
£
£
29,082
56,904
29,082
56,904
29,082
56,904		 £
-
-
-
Transfers
between
funds in 2024		 Funds carried
forward to
2025
£
85,986
85,986
85,986

23

Neo Community

Notes to the Accounts for the year ended 30 January 2024

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Restricted funds:-
National Lottery Community Fund RC North
West Region		 Income
Expenditure
2024
2024
£
£
868,430
(811,526)
39,625
(39,625)
908,055
(851,151)		 Other
Gains &
Losses
2024
£
-
-
-		 Movement
in funds
2024
£
56,904
-
56,904

Gains and losses are detailed in notes 0,0, 0, 0 and 0

18 The purposes for which the funds as

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted funds:-

National Lottery Community Fund RC North These funds are held for meeting salary costs in accordance with the grant West Region agreement.

19 Ultimate controlling party

The charity is under the control of its legal members.

24

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity

20 Donations, Grants and Legacies

Donations and gifts from individuals
Small donations individually less than £1000
Total private sector revenue grants
Duke of Edinburgh expedition resources
Total public sector revenue grants
Birkenhead Youth Centre
Revenue grants and donations from
non public bodies
S Morgan
Groundworks
Small grants individually less than £1000
PTC
Tudor Trust
Gautby Road play
Wirral Borough Council
School Social Enterprise
National Lottery Community Fund RC
North West Region
Total donations and gifts from
individuals
Revenue grants from government and
public bodies
Feeding Britain
S Morgan
Bibby
10th Birthday Ball
F Connolly		 Current year
Unrestricted
Funds
2024
£
16,678
14,731
5,000
1,000
1,000
1,500
39,909
Current year
Unrestricted
Funds
2024
£
-
-
Current year
Unrestricted
Funds
2024
£
1,664
50,000
40,000
2,200
3,957
8,000
1,125
-
-
-
106,946		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
Current year
Restricted
Funds
2024
£
37,625
37,625
Current year
Restricted
Funds
2024
£
-
-
2,000
-
-
-
-
-
-
-
2,000		 Current year
Total Funds
2024
£
16,678
14,731
5,000
1,000
1,000
1,500
39,909
Current year
Total Funds
2024
£
37,625
37,625
Current year
Total Funds
2024
£
1,664
50,000
42,000
2,200
3,957
8,000
1,125
-
-
-
108,946		 Prior Year
Total Funds
2023
£
17,025
-
-
-
-
-
17,025
Prior Year
Total Funds
2023
£
-
-
Prior Year
Total Funds
2023
£
6,713
24,139
34,000
-
-
-
-
30,000
248,000
10,000
352,852

25

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis

Year analysis
Prior Year
Unrestricted
Funds
2023
£
Prior Year
291,713
Total Donations, Grants and
Legacies
A1
146,855
Prior year
Unrestricted
Funds
2023
£
Total Donations, Grants and
Legacies
A1
308,738
21 Income from charitable activities - Trading Activities
Current year
Current year
Unrestricted
Funds
2024
£
Primary purpose and ancillary trading
107,368
19,948
14,792
9,356
560
152,024
Social supermarkets income
Catering activities
Room hire
Total Primary purpose and ancillary
trading
Community activities
Consultancy		 Prior Year
Unrestricted
Funds
2023
£
291,713		 Prior Year
Restricted
Funds
2023
£
61,139		 Prior Year
Total Funds
2023
£
352,852		 369,877
Prior Year
Total funds
2023
£
69,673
14,992
59,999
-
1,609
146,273
39,625
Restricted
Funds
2023
£
61,139
Current year
Restricted
Funds
2024
£
-
-
-
-
-
-		 186,480
Prior Year
Total Funds
2023
£
369,877
Current year
Total Funds
2024
£
107,368
19,948
14,792
9,356
560
152,024

26

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

22 Charitable income from funders

Current year
Total Charitable income from funders:-
23
Current year
Total income from charitable trading
Income from funders
Total from charitable activities
A2
24 Investment income
Bank Interest Receivable
Total investment income
A4
Contractual payments from public
bodies to fund charitable activities
Wirral Borough Council
Total contractual payments from public
bodies
Total Income from charitable activities
Current year - income from funders		 Current year
Unrestricted
Funds
2024
£
429,872
429,872
Unrestricted
Funds
2024
£
27,500
569,260
Current year
Unrestricted
Funds
2024
£
152,024
569,260
721,284
Current year
Unrestricted
Funds
2024
£
291
291		 Current year
Restricted
Funds
2024
£
-
-
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
429,872
429,872
Total Funds
2024
£
27,500
569,260
Current year
Total Funds
2024
£
152,024
569,260
721,284
Current year
Total Funds
2024
£
291
291		 Prior Year
Total Funds
2023
£
279,836
279,836
Prior Year
Total Funds
2023
£
20,600
466,010
Prior Year
Total Funds
2023
£
146,273
466,010
612,283
Prior Year
Total Funds
2023
£
5,350
5,350

27

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

25 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
B2a
All the expenditure in the prior year was unrestricted.
Prior Year
Total direct spending
B2a
Crisis and hamper support
Defined contribution pension costs -
charitable activities
Social supermarket costs
Employers' NI - Charitable activities
Gross wages and salaries - charitable
activities
HAF support costs
Community activities
Gross wages and salaries - charitable
activities
Wirral Council Pantry Project
Marketing and advertising of charitable
services
Activity costs
Catering activities
Travel and Subsistence - Charitable
Activities		 Current year
Unrestricted
Funds
2024
£
202,778
12,418
4,212
43,070
7,312
15,599
86,783
61,148
42,924
34,056
-
43,560
553,860
Prior Year
Unrestricted
Funds
2023
£
164,427
850,044		 Current year
Restricted
Funds
2024
£
37,625
-
-
-
-
-
-
-
-
-
-
-
37,625
Prior Year
Restricted
Funds
2023
£
61,139
61,139		 Current year
Total Funds
2024
£
240,403
12,418
4,212
43,070
7,312
15,599
86,783
61,148
42,924
34,056
-
43,560
591,485
Prior Year
Total Funds
2023
£
225,566
911,183		 Prior Year
Total Funds
2023
£
225,566
9,459
3,873
28,633
8,016
19,999
121,856
-
30,780
-
407,497
55,504
911,183

28

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

26 Support costs for charitable activities

Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
Employee costs not included in direct costs
2,791
2,000
Volunteer costs
14,633
-
Premises Expenses
97,211
-
13,459
-
72,241
-
Administrative overheads
8,713
-
2,381
-
11,118
-
3,960
-
Professional fees paid to advisors other than the auditor or examiner
1,420
-
Financial costs
27,363
-
Support costs before reallocation
255,290
2,000
Total support costs - Current Year
255,290
2,000
The basis of allocation of costs between activities is described under accounting policies
Stationery, postage and sundry office
Cleaning and waste management
Warehouse and premises costs
Premises repairs, renewals and
maintenance
Training and welfare - staff
Insurance, subsciptions and licences
Hire of equipment
Telephone, fax and internet
Volunteer costs
Depreciation & Amortisation in total for the
period
Other legal and professional		 Current year
Total Funds
2024
£
4,791
14,633
97,211
13,459
72,241
8,713
2,381
11,118
3,960
1,420
27,363
257,290
257,290		 Prior Year
Total Funds
2023
£
4,509
15,335
3,877
5,100
74,040
13,229
692
7,740
13,360
4,931
18,728
161,541
161,541
-
-

29

Neo Community

Detailed analysis of income and expenditure for the year ended 30 January 2024 as required by the SORP 2015

27 Other Expenditure - Governance costs

Current Year
Independent Examiner's fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
2,376
2,376		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
2,376
2,376		 Prior Year
Total Funds
2023
£
2,376
2,376

All the expenditure in the prior year was unrestricted.

28 Total Charitable expenditure

Current Year
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2024
£
553,860
255,290
2,376
811,526		 Current year
Restricted
Funds
2024
£
37,625
2,000
-
39,625		 Current year
Total Funds
2024
£
591,485
257,290
2,376
851,151		 Prior Year
Total Funds
2023
£
911,183
161,541
2,376
1,075,100
Prior Year
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Prior Year
Unrestricted
Funds
2023
£
850,044
161,541
2,376
1,013,961		 Prior Year
Prior Year
Restricted
Funds
Total Funds
2023
2023
£
£
61,139
911,183
-
161,541
-
2,376
61,139
1,075,100

30

Neo Community

Activity analysis of Income and expenditure for the for the year ended 30 January 2024

This analysis is classsified by activity and not by conventional nominal descriptions.

29 Analysis of income by activity
SOFA ref
Primary purpose and ancillary trading
Summary of Total Income, including the items above
Charitable activities
A2
Donations & Legacies
A1
Investment income
A4
A
Categories of income
Income from charitable activities
30 Analysis of charitable expenditure by activity
Direct
costs
Support
costs
2024
2024
£
£
Primary purpose and ancillary trading
Direct costs
591,485
-
Employee costs not included in direct cos
-
4,791
Volunteer costs
-
14,633
Premises expenses
-
182,911
Administrative overheads
-
26,172
Professional fees
-
1,420
Financial costs
-
27,363
591,485
257,290
Income from charitable activities
Activity
Total Primary purpose and ancillary
trading
Activity
Total income as shown in the SOFA		 29 Analysis of income by activity
SOFA ref
Primary purpose and ancillary trading
Summary of Total Income, including the items above
Charitable activities
A2
Donations & Legacies
A1
Investment income
A4
A
Categories of income
Income from charitable activities
30 Analysis of charitable expenditure by activity
Direct
costs
Support
costs
2024
2024
£
£
Primary purpose and ancillary trading
Direct costs
591,485
-
Employee costs not included in direct cos
-
4,791
Volunteer costs
-
14,633
Premises expenses
-
182,911
Administrative overheads
-
26,172
Professional fees
-
1,420
Financial costs
-
27,363
591,485
257,290
Income from charitable activities
Activity
Total Primary purpose and ancillary
trading
Activity
Total income as shown in the SOFA		 2024
£
721,284
721,284
186,480
291
908,055
908,055		 2023
£
612,283
612,283
369,877
5,350
987,510
987,510
Support
costs
2024
£
-
4,791
14,633
182,911
26,172
1,420
27,363
257,290		 Grant
funding of
activities
2024
£
-
-
-
-
-
-
-
-		 Total
2024
£
591,485
4,791
14,633
182,911
26,172
1,420
27,363
848,775		 Total
2023
£
911,183
4,509
15,335
83,017
35,021
4,931
18,728
1,072,724

31

Neo Community

Activity analysis of Income and expenditure for the for the year ended 30 January 2024 Summary of charitable costs by activity

Direct
costs
2024
£
Total Primary purpose and ancillary tradi
591,485
-
591,485
Total Governance costs as detailed in
Note 27
Total charitable expenditure		 Support
costs
2024
£
257,290
2,376
259,666		 Grant
funding of
activities
2024
£
-
-
-		 Total
2024
£
848,775
2,376
851,151		 Total
2023
£
1,072,724
2,376
1,075,100

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 28

Analysis of support and governance costs by charitable activities

Activity
Primary purpose and ancillary trading		 Governance
£
2,376		 Finance
£
27,363		 Human
Resources
£
19,424		 Other
Overheads
£
210,503		 Total
£
259,666

31 Analysis of non charitable expenditure by activity

Activity
Governance costs
Other Expenditure - Governance costs as detailed in Note 27		 Governance
costs
2024
£
2,376		 Governance
costs
2023
£
2,376

32