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2023-03-30-accounts

GOOD NEIGHBOURS - RURAL PETERBOROUGH CHARITY COMMISSION REGISTERED NO. 1186197

FINANCIAL STATEMENTS for the year ended 31 March 2023

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Financial Statements

for the year ended 31 March 2023

Contents Pages
Legal and administrative information 1
Chair's Statement 2
Trustees' Annual Report 3 to 9
Independent Examiner's Report 10
Statement of Financial Activity 11
Balance Sheet 12
Notes to the Financial Statements 13 to 19

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Legal and administrative information

Trustees N D Boyce Chair
J Pickett
Rev D Ridgeway
W M Baxter
S E Lucas
D Skingle
C Biggam Bysshe
J Stannage Appointed 1 June 2022
I Walsh Appointed 2 November 2022
D Halfhide Appointed 2 November 2022
J Cave Appointed 1 February 2023
Charity Number 1186197
Registered office 7 Benams Close
Castor
Peterborough
PE5 7AW
Independent Examiner Ken Maggs BA, FCA
Hoekman Way
Spalding
Lincs
PE11 3HE

Page: 1

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Chair's Statement

for the year ended 31 March 2023

Good Neighbours —Rural Peterborough (GNRP), was set up as a charity in October 2019, with the objective of relieving the needs of the poor, sick, elderly and disabled residents of the rural areas of Peterborough: four wards with 24 operating rural parish councils, representing 12% of Peterborough's population. For the period of reporting, we worked with 9 parish councils and commenced working with 2 more councils just over the Peterborough boarder but whom are within the Peterborough South Primary Care network which supports many Peterborough residents.

'Our primary aim is to enable people to stay safe and well for longer in their own home.'

Throughout this reporting period, many vulnerable residents remained cautious about socialising, following COVID, and our work focused on activity to encourage social inclusion and reconnecting with their neighbours in social situations, such as the new GNRP Warm Welcome events and Local Friendship Teas. Throughout the year, we continued to see rapid but positive growth in the charity recruiting more volunteers and increasing the number and frequency of referrals from a wide range of sources.

This is evidenced with our invaluable volunteers who have provided 508 hours of support within this reporting compared to 68 hours in last reporting period.

Acknowledgements

N D Boyce

Chair

Date: 7 November 2023

Page: 2

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report

for the year ended 31 March 2023

The trustees have pleasure in submitting their annual report together with the independently examined financial statements of the Charity for the year ended 31 March 2023.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in 2019 in preparing the annual report and financial statements of the charity.

Objectives and activities including Public Benefit

Our objectives focus on reducing social isolation and loneliness and improving health and wellbeing to support continued independence of residents in need.

The trustees are highly conscious of the need to provide the best possible public benefit in line with Charity Commission guidance and consider that the charity does this.

The charity has undertaken the following activities described in the sections below during the year to implement these objects in line with our current development path. These activities also provides support for the public benefits that the charity provides.

  1. Organisational development Work is ongoing to

  2. i) Publicise and promote activities across the rural communities of Peterborough

  3. ii) Evaluate need and monitor the impact of activities.

  4. iii) iii)Develop efficient communication with parish councils, volunteers, community members, partner organisations and stakeholders via social media and newsletters.

  5. iv) Provide administrative support for the full Peterborough parish council network meetings, including the planning and hosting of an annual conference.

  6. Recruitment, training and support for community volunteers.

  7. Activities delivered by GNRP volunteers to residents, including befriending, supporting leisure activities, such as walking; sitting services for housebound residents; providing transport to access appointments and services; basic DIY support; shopping; dog walking.

  8. Developing Partnerships to improve support provision This includes working with the statutory and voluntary sector such as GP practices and their Social Prescribers, NHS, Adult Social Services as well as British Red Cross, Age UK and Carers and includes:

  9. i) Sharing information through professional services/VCS support networks.

  10. ii) Signposting and referrals to ensure the most appropriate service provides support and avoids duplication.

Page: 3

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Objectives and activities including Public Benefit (continued)

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The concept for our organisation was formed in 2018 following the co-option of our founder Trustee onto the Peterborough City Council's Adults Health Scrutiny Committee to represent Parish Councils. A working group was set up following the f Castor and Ailsworth Parish councils and St Kyneburgha Parochial Church Council and Building Preservation Trust and Northey Wright Charitable Trust, following which our constitution was developed.

Start-up funding was provided by Peterborough City Council in June 2020 and a part-time coordinator employed within this month. Since then, further funding has been received from the Local Authority for Cost-ofLiving Support and support for Warm Welcome Hubs in the rural areas.

No additional funding in the reporting period except membership funding from Parish Councils.

We have developed a 'smart' outcomes plan, which is based upon the following objectives and activities, this is reviewed ongoing and as a minimum of annually by the Trustee Board, to ensure relevance and to identify development and improvement of the charities activities.

We have developed a set of objectives targets based on desired 'smart* outcomes as follows,

Objective 1: To develop a sustainable organisation with a wide range of associate members (the Parish Councils of Peterborough)

Activity / outputs

Measure of Success

Additional Associate Members joining each year, including reaching out to Urban Parish Councils in Peterborough and Neighbouring Parish Councils outside of Peterborough that demonstrate self-defined communities that do not take statutory imposed boundary lines into consideration.

We currently use Charity log to record all of our data, numbers of clients and volunteers, and hours of volunteering. This data along with information from our survey, feedback forms and the number of associate members recruited will be used to monitor how we are progressing.

Desired Outcomes

Increased understanding of the needs or rural communities in Peterborough through community engagement and evaluation:

Increased awareness of GNPR within the rural parishes of Peterborough and understanding of the benefits of our support and achievements leading to an increase in the number of associate members.

Parish councils feel well supported through administrative support provided and the new working group developing local priorities

Implementation of a new business plan and fundraising strategy with successful applications for further funding for the next 3 years made.

Page: 4

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Objective 2: To increase the number and range of volunteers

Activity / outputs

Measure of Success

Additional Associate Members joining each year, including reaching out to Urban Parish Councils in Peterborough and neighbouring Parish Councils outside of Peterborough that demonstrate self-defined communities that do not take statutory imposed boundary lines into consideration. In particular the Primary Care Networks, are seeking support from GNRP to expand and operate in all their patient areas, having seen the positive impact form the additional support offered by GNRP.

We currently use Charity log to record all of our data, numbers of clients and volunteers, and hours of volunteering This data along with information from our survey, feedback forms and the number of associate members recruited will be used to monitor how we are progressing.

Desired Outcomes

Increased understanding of the needs or rural communities in Peterborough through community engagement and evaluation:

Increased awareness of GNPR within the rural parishes of Peterborough and understanding of the benefits of our support and achievements leading to an increase in the number of associate members.

Increased understanding of the Urban Parish needs and how the GNRP model could be tailored to offer support across those neighbourhood's and community.

Parish councils feel well supported through administrative support provided and the new working group developing local priorities.

Implementation of a new business plan and fundraising strategy with successful applications for further funding for the next 3 years made.

Objective 3: To relieve the needs of the poor, sick, elderly or disabled residents of rural parishes

Activity / outputs

Measure of Success

Increasing number of referrals catered for.

Desired Outcomes

Appropriate activities meeting the needs and wishes of local parish residents will have been offered and provided where needed.

Clients will feel less lonely and less socially isolated and will show improvements in health and wellbeing.

We will use our regular survey of parish councils, our local parish forum meetings, feedback from volunteers.

Page: 5

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Objective 4. Develop partnerships with statutory, voluntary and community services

Activity / outputs

Measure of Success

Meetings and events attended developing a wider range of partnership opportunities will lead to an increased number of referrals received from partner organisations as well as an increase in the number of referrals made from GNPR to local services. These referrals along with new partnership projects/service level agreements will be used to measure how effective our partnership relationships are.

Partnership work will continue with new and improved existing referral systems, for example with social prescribers, NHS, Adult Social Services, BRC, Alzheimers Society, Age UK and Carers’ organisations.

Desired Outcomes

Participation in local events and activities: evidence will be vital and used to build the foundation for selfsustainability:

Objective 5: Financial Sustainability

Activity / outputs

GNRP is in the process of developing its long-term financial plan. The coordinators will be responsible for finalising a 5-year business Plan and fundraising strategy by April 2024. The strategy will aim for selfsustainability by end of 2027.

Measure of Success

The GNRP financial model is based upon each associate member (parish councils and / or Primary Care Networks) paying an annual membership fee based on the number of households in the area.

Desired Outcomes

The Charity is committed to evidencing the social return on investment for the support services it provides.

Achievements and performance

The Parish Councils involved in the charity have populations ranging from 3000 to just over 8000 with ward profiles showing that between 12 and 17% of the population have day-to-day activities limited to varying degrees.

GNRP is the only community-led organisation offering this range of local volunteer support anywhere else in Peterborough. As a consequence, many referrals are received that we are unable to support. All, however, are signposted to alternative sources of relevant support. GNRP has also managed now to develop good relationships across both the statutory and voluntary sector ensuring efficient and effective referral processes.

As with most rural areas much of the population suffers from lack of public transport services; without access to a car, options are limited. Difficulty in travel has been shown to lead to reduced contact with families and friends, social isolation and loneliness affecting health and wellbeing. 30% of GNRP one-off activities are the provision of transport to medical appointments.

Page: 6

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Achievements and performance (continued)

This lack of public transport has also impacted shopping and activities, with more people suggesting that their communities would benefit from accessible local shopping and cafes and are very likely to access our support services.

The charity believes strongly in collaborative working and in this reporting year, commenced a Service level agreement with Peterborough City Council to host the quarterly Parish Council Liaison meetings, which is a network of all the Parish Councils in Peterborough. The intention is to enable the sharing of best practice and collaborative working within the Network. This agreement has enabled the introduction of a Working Group who agree the agenda items for the quarterly meetings on behalf of the Parish Network, Regular communications are shared with all Parish Councils and the working group support with the process of electing co-opted members on to the City Council’s Scrutiny Committees. In the reporting period. Good Neighbours hosted an Annual Conference on Environmental topics and an On-Line Climate Change Summit for all Parish Councils which were well attended.

Provision of support by volunteers has also provided the opportunity to gain more knowledge, through testimonials, about our communities and who needs support. Provision of support by volunteers has also provided the opportunity to gain more knowledge, through testimonials, about our communities and who needs support.

"After volunteering for the Newborough Covid Support Group I realised how many elderly and vulnerable people there are in our village and most importantly how lonely people have been."

GNRP have held Volunteer forums have been held in each member area, which has provided a great opportunity to get direct feedback from the volunteers, build relationships and give them the opportunity to influence how the charity operates and develops in the future.

Prior to COVID-19, social isolation and loneliness in rural areas were considered a serious public concern, especially for the poor, elderly, disabled and sick. The pandemic exacerbated this, with people experiencing a loss of autonomy, loss of activities and social spaces.

The majority of our clients are elderly, where their circumstances may leave them with difficulty to access services and socialise, however, we support anyone over the age of 18 who is isolated or vulnerable.

Indirect beneficiaries include:

  1. Volunteers: The support provided is delivered by volunteers who reside in these parish council areas. This work gives improved confidence and self-esteem, but also increases their knowledge of their community and increases their social contacts.

  2. Parish Councils: These will be more aware of the needs within their community. They will also be able to improve information delivery to all members of their communities.

  3. Partnership organisations: These will be able to refer those clients who do not need their services but require local support Service planning will be able to take account of the evidence collated from clients and from questionnaires etc, such as for transport needs etc. Additionally, organisations will receive information and referrals from GNRP, where appropriate, ensuring effective service support. Currently about two referrals are made by GNRP per month, but will increase along with increased awareness and associate membership.

  4. NHS will receive fewer referrals into the health service, providing a cost benefit.

  5. Adult Social Care services requirement may be less, as improved health and well-being will support independent living for longer.

Increased engagement with community members, parish councils, support organisations etc, will lead to a much more vibrant and active community.

Page: 7

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Achievements and performance (continued)

Outputs and outcomes

Number of contacts with the charity: 400.

Number of active Volunteers: 80+; recruitment and retention is high.

Number of registered clients: 258.

Number of referrals, received for information, advice or support: 340.

Number of hours volunteering: 508.

The most frequent support requests are:

  1. Befriending: 166

  2. Shopping: 10

  3. Transport: 39

The most frequent support requests are:

Financial Review

GNRP is in the process of developing its long-term financial plan. The coordinator will be responsible for finalising a 5 year business and fundraising strategy by January 2024. The strategy will aim for selfsustainability by end of 2028.

Plans for the future

GNRP is still a relatively new organisation, initially receiving start-up funding from Peterborough City Council. This funding has enabled the charity to set up systems and procedures for the safe recruitment of volunteers and to increase the client base, whilst importantly providing us with the time to test and review the membership model.

To ensure that GNRP is self-sustaining, grant support will be sourced to fund core costs for a period of five years until the final associate member recruitment targets are reached. Evidence of the social benefit collated during this project will be essential to further funding bids and recruitment of associate members.

As awareness grows, referrals from social prescribing/adult social care and voluntary sector organisations (e.g. British Red Cross and Age IJK) is increasing. We have developed strong, mutually beneficial relationships with these organisations and we meet regularly This provides us with the opportunity to explore additional service needs and share good practice.

Our ambitions include the continued employment of our now full-time coordinator responsible for ensuring appropriate support is provided within our rural communities and further organisational development. The recruitment of a further part-time administrator/marketing officer in the year ahead is also desired to support the coordinator in terms of data recording and reporting, as well as ensuring that regular social media updates and newsletters are promoted to volunteers, beneficiaries and the wider community.

Page: 8

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Trustees' Annual Report (continued)

for the year ended 31 March 2023

Structure, governance and management

The charity is a Charitable Incorporated Organisation, registered with the Charities Commission in England and Wales on 6 November 2019.

The trustees who served during the year and up to the date of signature of the financial statements were:

N D Boyce

J Pickett

Rev D Ridgeway

W M Baxter

S E Lucas

D Skingle

C Biggam Bysshe

J Stannage (Appointed 1 June 2022) I Walsh (Appointed 2 November 2022) D Halfhide (Appointed 2 November 2022) J Cave (Appointed 1 February 2023)

Associate Membership is open to Peterborough's Parish Council Network.

Membership terms:

  1. To nominate a person to be a Trustee to support the management of the affairs of the Charity

  2. To Identify volunteers from within their community to offer the support services of the Charity

  3. To identify a Lead Volunteer to actively engage with the Charity's Coordinator in managing client referrals

  4. To undertake and audit of community assets and safe local traders in the area.

Membership is currently in place in Ailsworth, Bainton and Ashton, Castor, Glinton and Newborough, and Borough Fen and Milking Nook.

Declarations

None of the trustees has any beneficial interest in the company. All of the trustees are members of the charity and guarantee to contribute £1 in the event in the event of a winding up.

This report was approved by the trustees on 7 November 2023 and signed on their behalf by:

N D Boyce

Chair

Page: 9

Independent Examiner's Report to the Trustees of GOOD NEIGHBOURS - RURAL PETERBOROUGH

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023, which are set out on pages 11 to 19.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records, or

  3. the accounts 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 applicable which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

K.J. Maggs B.A., F.C.A. Chartered Accountant Spalding

Date: 16 November 2023

Page: 10

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Statement of Financial Activity

for the year ended 31 March 2023

----- Start of picture text -----
2023 2022
Unrestricted Restricted Total Total
funds funds
Notes £ £ £ £
Income and endowments from:
Donations and legacies 2 28,728 - 28,728 25,976
Investments 3 26 - 26 1
Charitable activities 4 8,064 - 8,064 4,614
Total income 36,818 - 36,818 30,591
Expenditure on:
Charitable activities 5 1,323 - 1,323 21,433
Support costs 5 33,914 - 33,914 1,027
Governance costs 5 499 - 499 510
Total expenditure 35,736 - 35,736 22,970
Net income 1,082 - 1,082 7,621
Transfers between funds - - - -
Net movement in funds 1,082 - 1,082 7,621
Fund balances brought forward 12 20,925 - 20,925 13,304
Fund balances carried forward 12 22,007 - 22,007 20,925
----- End of picture text -----

The notes on pages 13 to 19 form part of these financial statements

Page: 11

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Balance Sheet

at 31 March 2023

----- Start of picture text -----
2023 2022
Note £ £ £ £
Fixed assets
Tangible fixed assets 8 509 571
Current assets
Debtors 9 257 3,118
Cash at bank and in hand 21,906 20,371
22,163 23,489
Creditors:
Amounts falling due within one year 10 (665) (3,135)
Net current assets 21,498 20,354
Total assets less current liabilities 22,007 20,925
Income funds
Unrestricted funds 12 22,007 20,925
Restricted funds 12 - -
22,007 20,925
----- End of picture text -----

These financial statements were approved by the Trustees on 7 November 2023 and are signed on their behalf.

N D Boyce

Chair

The notes on pages 13 to 19 form part of these financial statements

Page: 12

GOOD NEIGHBOURS - RURAL PETERBOROUGH Notes to the Financial Statements

for the year ended 31 March 2023

1. Accounting policies

Huntingdon Gymnastics Club is a charitable Incorporated Organisation registered in England and Wales. The address of the registered office of the charity is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities is reducing social isolation and loneliness and improving health and wellbeing to support continued independence of residents in need.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Restricted funds

Restricted funds can only be used in accordance with specific restrictions and the furtherance of the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which complies with these criteria is identified to the fund.

Unrestricted funds

Unrestricted funds are available for use at the discretion of the trustees in sustenance of the objectives of the charity and which have not been designated for other purposes.

Designated funds

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Page: 13

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Notes to the Financial Statements (continued)

for the year ended 31 March 2023

1. Accounting policies (continued)

Income recognition (continued)

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be realised and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Charitable activities include the costs of the activities defined by the charity's aims for the benefit of the persons sited in the charity objects. Costs of charitable activities includes the direct costs of the activities and depreciation on related assets. Where such assets relate to more than one functional cost category, they have been allocated on either an estimate time or floor space basis, as appropriate.

Support costs include the costs which relate to the general running of the charity as opposed to the direct management function inherent in generating funds, service delivery and program or project work. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The following judgements and estimates have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Estimation of useful life - The useful economic life used to depreciate tangible fixed assets relates to the expected future performance of the assets acquired and management’s estimate of the period over which economic benefit will be derived from the asset.

Estimation of residual value - The residual value of an asset is the estimated fair value of that asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span. Historically, changes to the useful economic life and residual values have not had a material impact on the depreciation amount charged to the profit and loss.

Cut off - The only estimation applied by the directors was in the consideration of cut-off where an estimation of the costs relating to the relevant period were applied when relating to a different period.

Page: 14

GOOD NEIGHBOURS - RURAL PETERBOROUGH Notes to the Financial Statements (continued) for the year ended 31 March 2023

1. Accounting policies (continued)

Fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated to write down the cost, less estimated residual value, of all tangible fixed assets over their expected useful lives. The rates generally applicable are:

Computer equipment

25% reducing balance

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Contribution to pension funds

The charity operates a defined contribution pension scheme for the benefit of the employees. The assets of the scheme are administered by trustees in a fund independent from those of the company.

The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting period.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2. Income from donations and legacies

2023
Donations
Grants
Grant income breakdown
Institutional
Local Government
National Government		 Unrestricted
funds
£
300
28,428
28,728
8,539
18,000
1,889
28,428		 Restricted
funds
£
-
-
-
-
-
-
-		 Total
£
300
28,428
28,728
8,539
18,000
1,889
28,428

Page: 15

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Notes to the Financial Statements (continued)

for the year ended 31 March 2023

2. Income from donations and legacies (continued)

2022

2022
Donations
Grants
Grant income breakdown
Institutional
Income from investments
(All Unrestricted)
Interest receivable
Income from charitable activities
(All Unrestricted)
Membership fees
Fees for requested activities		 Unrestricted
funds
£
360
25,616
25,976
25,616		 Restricted
funds
£
-
-
-
-
2023
Total
£
26
2023
Total
£
7,655
409
8,064		 Total
£
360
25,616
25,976
25,616
2022
Total
£
1
2022
Total
£
4,614
-
4,614

3. Income from investments

4. Income from charitable activities

Page: 16

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Notes to the Financial Statements (continued)

for the year ended 31 March 2023

5. Expenditure on charitable activities

Activities undertaken directly
Purchases
Staff costs
Staff training
Insurance
Subscriptions
Tools and equipment
Marketing
Advertising and website
Printing and stationery
Travel expenses
Sundry expenses
Depreciation
Support costs:
Telephone and internet
DBS checks
Payroll fees
Hospitality
Room hire
Sundry expenses
Governance costs:
Independent examination fees
2023		 Unrestricted
£
344
28,103
2,454
433
182
201
396
596
309
497
229
170
196
300
378
50
154
245
499
35,736		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
344
28,103
2,454
433
182
201
396
596
309
497
229
170
196
300
378
50
154
245
499
35,736

Costs directly attributable to a specific project have been analysed to that project as an exact amount.

The remaining costs which are not specific are considered allocated costs of charitable activities and have been apportioned to the relevant activity based on a considered proportion of costs relating to that activity.

Activities undertaken directly:
Staff costs
Staff training
Insurance
Subscriptions
Advertising and website
Depreciation
Support costs:
Bank charges
Telephone and internet
Payroll fees
Hospitality
Room hire
Governance costs:
Independent examination fees
2022		 Unrestricted
£
19,481
106
402
648
559
237
25
334
501
137
30
510
22,970		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
19,481
106
402
648
559
237
25
334
501
137
30
510
22,970

Page: 17

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Notes to the Financial Statements (continued) for the year ended 31 March 2023

6. Board of Trustees remuneration

No trustee (or any persons connected with them) received any remuneration or expenses either directly or indirectly.

7.
Employee emoluments
Wages and salaries
Social security costs
Defined contribution pension costs
Number of employees
Administration staff		 2023
Total
£
25,350
2,109
644
28,103
1		 2022
Total
£
18,850
-
631
19,481
1

There were no employees who received emoluments exceeding £60,000 in either the current or prior year.

8. Tangible fixed assets

1.
Cost
At 31 March 2022
Additions
At 31 March 2023
Depreciation
At 31 March 2022
Charge for the year
Disposals
At 31 March 2023
Net book value
At 31 March 2023
At 30 March 2022
9.
Debtors
Trade debtors
Prepayments and accrued income		 £
946
108
1,054
375
170
-
545
509
571
2023
Total
£
-
257
257
Computer
Equipment		 Total
£
946
108
1,054
375
170
-
545
509
571
2022
Total
£
2,542
576
3,118

Page: 18

GOOD NEIGHBOURS - RURAL PETERBOROUGH

Notes to the Financial Statements (continued)

for the year ended 31 March 2023

10. Creditors: Amounts falling due within one year

Other creditors - Pension Contributions
Accruals
Deferred Income
(Note 11)
Deferred Income
Deferred income is included within
Current liabilities
Movements in the year
Deferred income at 1 April 2022
Resources deferred in the year
Deferred income at 31 March 2023		 2023
Total
£
100
565
-
665
2023
Total
£
-
(2,542)
2,542
-
-		 2022
Total
£
-
593
2,542
3,135
2022
Total
£
2,542
-
-
2,542
2,542

11. Deferred Income

The deferred income relates to membership fees paid in a period, preceding the period to which they relate.

12. Operating leases

At 31 March, the charity had total future minimum lease payments under non-cancellable operating leases as set out below:

Not more than one year
Later than one and not more than five years		 2023
Total
£
1,300
2,817		 2022
Total
£
1,300
4,169

13. Controlling party

The charity is controlled by the Board of Trustees and no individuals can or do exert control.

Page: 19