North Walsham Phoenix Group Report and Financial Statements For the year ended 01 January 1025 Charity no: 1191554 Company CE024115
North Walsham Phoenix Group Year ended O l January 2025 Contents Page Ckwiry e[we and Adminiw7tive Details Report ofthe Tnee5 24 Report of the Irttleperrf1t Examiners Ststement of Assets and knabilties Notes fomiry part of the financial Statements &io
North Walsham Phoenix Group Year ended O l January 2025 Reference and administration information Trustees: Saul Penfold (Ch3ir)- AprK)inted 1411012024 Malcolm Gr7y {Chalr)- Resigned 1411012024 laura E8scwid(- Appointed 28102n025 Lucy Shire5- Appointed 14110n024 Anrme Abbs- Re55gned 1010112025 Robert Wrt (freasurer) Plac¢s of buslne 3 Market Plac& North Walsham, NorfolK NI128 9BP 12 Market North Walslwn, Norfolk NR28 9BQ Indèpendent Examiner Sexty & Co, 2a ChurdTr Stree¢ North Walsham. NR28 9DA Banker&" Lws Bank Pk
North Walsham Phoenix Group Report of the Trustees Forthe year ended O l January 1025 The Trust is a registèred charirAble incorporated rKgani5atior4 (charity numb8r 11915541company nwnber CE024115}. and is constitijted under a Trust Deed dated 30 September 2020. The finaTrci sratrments include artiveS pn.or to obtaining ¢harioble status. The Trustees were app)inted for one period afw which they YAII put themselves fotvnrd for re4ppointmenL The TNst Deed proNides for a minimum of three Trustees. with Trustees due for re4pw)intment on a 3-year cyd& a5 bdow. Robert writ (2026> Saul Penfold {202n Luc/ Shire5 (2027) Laura Ea5twid( (20271 l Trus9 8l¥e of their time freely and no Trustee remuneration was pald In the perfod. The Trustets mett mnthly to agree straw and to review and ¥ee 8rants for tha¢ month. Risk managenwit The Trustees have cOndered the major rlsks to whlch the chartty Is exposed. ¢hiefiy the rilItY of income. The Trvstees have rwewed those risks and have made allowance in the anTru budgeL To rnrdte fiJture decline in income or other extemal impact of the Trust's vlabilw, a resetve fund eqUent to 3 morlth's running costs £4.fy)01 ha5 Lwi e5tabli5hed and is sncluded withln generdl reserves. Oblectlve$ and artivitses for the public benefit Our Prirr ot4ective is to ¢reate a Youth and Community Space in the town of North Wlsham. Achievements and perfornwice The rehjrbishrnent of 12 Mat*et Place, North Walsham ben in September 2022 and wa$ Comtted In March 2024. The buihjing provides a one stop information. a¢fvice and guidance pointfor local people. The xvound lloor hosts café community pantry and office spac& During 2024 café and pantry saw month on month Bro in mber5hip and ViSbt> A¢ year end 285 households were rewstered as rnember& Aound floor aCceSbIe WC has bea) created aT 15 aailable to the public whenever the build4ng Is in use. A recording swdio spa ha5 been created and is ready to be fitred OUL This will te hired and will be made anilable to Jr young people at no COSL The two upper Iloors arel will rented out to SceS in short or longer tem lea5e5. The second floor is ocatpied by MIND. Thi5 space will all¢)w mary of the serwces not currendy available tn this ar4 to be 11bIe in the town and meet the needs ol the l¢xal powAation. We cr&ited the EcY Grant Fund in response to the CoMd-19 pandemic to support k) people in need wh supem)arkeE voucher4 eleLtrXKy or heatyng top Durlng the period no applicatTron5 for EnRrgency Grants were re¥£0. Publit benefit statement The trnstees ha¥e rwd to the Charity COMMI10,$ ptsblic benefit guidance.
North Walsham Phoenlx Group Report of the Trusttes Forth¢ year ended 01 January 2025 {continu¢d) Financlal revlew The Twst's woA( is fvnded by Income from café and pantry 5ale$ 5UPP)rted by grants and donatw)n& Duri 2024 the Trust receNed yants total8 £35.985 During 2024. grants were rece1¥ Household Support Flmd £20.th) Community Based Hardship &Jpwt Fund £&925 Surviving Winor Furnl aOOO National Lottery. NCF Stssts•)ability nd- £Z750 Nouiishing Norfolk- £lTr)O {unrestritted grant) Bulkng Improv&Trt Grant É310 ffin paent for previous buildlng works) The Trust recer¥ed £15090 from MtND k>r alter•tion$ to second floor carried out in 2023. Plans for the fUre During 2025 the Trusteeg will focus on meeting thÈ following prtorities fn)m the Core Stwate8y Document for the chity. whtth Sht¥$ identified ar for develowent of the charlties work Pantry Mewd)er5hip Expanston Develop a marketsng campai, hithwting pantry benefits. Percentage increase in pantsy membership to IO% of NR28. Create pronM)tKJnal mer1$ such as posteTr Ilyer& and sooat medkn posts. Wellness Prograrn Host wellness challengts foty>ng on health goals such as Weh¢ 105% 5rn0kirs ssation. or s¢res$ reducrion. Offer smoking cessation programs and restyJrce5 in partnership wth local healthcare providers. Coordinate health screeniryand CheCkP$ in collaboran with healthcare providersand public health agencies. Sr NghbOUrhOOd5 Collabtsrao with lool pcAKe for the Saler NehknUrho0d Action Pmel (SNAP) Number ol residents attw(ling SNAP meetings Iyan and coordinate the SNAP meetin85 Feedback on the effectweness of SNAP roloeation ProvidÈ resources and 5uppM for lo p1 ouweath effort5. including engagement inltlatives Social Impatt Workshop5 and Campai8n5 Owani$e workshops on soaal issue& sustainablllty. and communlry advo¢w to rn15e awareness and inspire action. Collaborate with local nonprofts and cornmunity organlsatlons to kun¢h awareness fundraiser& and outreath initsats Trnitees, responsibilities in relation to the financial statements The Trustees are re5pon5ible fcf weparing the Trustees, Report and the financi statements in accordance with applioble law and United Kingdom Accountlng Standartls (Untted Kingdom Generally Accepted Accounting Prattl). The law aPIcable to charities in Thd and Wales require the Trustees to prepare financial statements for each ffiThana period whith give a true and fair tW of the state of thirs of the charity and of the incornng resources and application of resources of the charity for that period.
North Walsham Phoenix Group Rèport of thè Trustees For the year ended 01 January 2025(cortinu¢d In preparing these financi sratements the Trustees are requir to.. Selett Subtsble accounting policies and then apply them c¢Jn5tanty. Obser¥e the thOdS and prinaples of the Chariue5 SORP 2019 (FRS 102 Make judgements and e5timaTr5 that are reawnable and pruden¢ State whether apFAKable accoufttiro standards have been followtd subjett to any rftaterial departsjres di5c105ed and eXPlned in the financi statements. ptre the financial statements on the 8ving cOnrn basis unkss it Is Inapproprlate w presume that the chariw will ctsntinue in operation. Th¢ Tnjstees are responsitle for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charY and enable them to ensure that the finandal sratements comply th the chare$ Act 2011. the Charities {Atcovnts and Report) Regulations I8 and the provisions of the TNst Desd. They are also re$Fonble for *arding the awts of the charty and hence reanbIt stsps for the prevention and dttectlon of fraud and other irrwlarrties. Artq¢¥ Apwoved bytheTTUSS on................................. .. and Sned on their bef ty, Saul PId - Char
North Walsham Phoenix Group Report of the Independent Examlners to the Trustees of North Walsham Phoenix Group For the year ended 01 January 2025 I report to the charlw trustees on my examination of the ¥coun¢s of the tharfty for the year ended 01 January 2025 which are Set out on pages 6 to l O. Respongibilities and basis ofreport As the charl$ trustees you are responble for the preparntion of the accounts In attordance with the requlrements of the Ch8rittes Att 20111the Arfl I report in r¢spett of my examIn10n ofyour compHn5 accounts as carried out under sectyoTh 145 of the Charities Act 2011 fthe 2011 Act'l. In carrying out my examination I have Idlowtd the Direuion5 given by thè CharÈty CommlssioD under section 14515llbl of the 2011 ACL Indep•ndtnt èxaminerfs statemert I have coMeted my examinaon. I confinn that no matwial matLers hve come io ffly attenti¢)n in connection with the exaMinOn yving cause to believe that in any Materi resFecL accounting rerords were not ke in respett of the charfty as required by section 130 ofthe kn. or l the accounts do not accord with those records. I have no concerns and have come acr055 no other matters in connettlon with the examin&tion to whith attrntion should be drnwn in this pOrt In order to enablE a proper Lhnderstsnding of the accounts to be reathe l A Badow FCCA Sexty & Co Chartered Certified Accountsnts and Registered Audws 2a Church Street North Walsham NR28 9DA 202
North Walsham Phoenix Group RECEIPTS AND PAYMENTS ACCOUNTS For the year ended 01 January 2025 2025 2024 Incoming resowces Donations Fundrrising artIes Grants Rtal Income Other Incorre 1133 &408 1133 10.076 33.906 33.986 30.CQO 15.890 30,000 15.890 Total Incomlng resourcts 54.431 33,986 8&417 121.977 Resowce$ expended Rertt Rates and watEr Eleetritity Insurance Fundrdising atti¥itie5 Premises expenses Telephone Van hlre Accouniancy and independent examtna¢ion Professional fee DePrtiOn 28.0) 523 2.262 479 21.366 606 523 1262 479 14J67 606 225 536 1,fy)7 6.999 291 21 1.298 1.914 529 1.914 3.784 3.255 Total resournes expended 49.091 10,254 59,345 3.153 Net incoming resources 5.340 23.732 19.on 11&844 Trdn5Fer5 betw fiJnd$ {9fJ)) N•t intoming resources after transfers 624) 21832 29.on 11&844 Total frJnd5 oUbtforWJrd 91335 131.048 223.383 104.539 Total fund5 carried ft)rward 9&575 1530W) 252.455 223.383
North Walsham Phoenix Group STATEMENT OF ASSETS AND LIABILITES for the year ended 01 January 2025 2025 2024 Fixed assets Tble assets 23&559 232.475 Cwrent assets Cash at Eqnk and in hwKI 50,821 233 Current liabiliti¢J Creditors amount falling due wlthin one year (&925) (9.325) Non<urrent Liabilities Credltors amount falling due [re than one year. Net assets 251455 223.383 Fund5: Unrestricted funds Generdl tunds 9&575 92.335 Restricted funds 153,8 131.048 Total funds 251455 223383 21 /01126 The financial Ma*rrMts on page5 6 to 10 We appmtled by thè Trusrees on ..................... and sismed on their behalf br. Saul Penfotd- Chair
North Walsham Phoenix Group mrt forniing part of the finaThci statemtnts for the year ended 01 January 2025 Accounting polici Attoynting Convention The frrwiail Statements have been prepared under the hlstorical cost convention and are in accordance with applicable UK accounting standar¢Js. The financi statements also comply the StaTrment of ReLommended Practi "Accounting and Reporung by Charltles" published in 2019 and the Charities Art Incomè Income is accounted for on a receipts bAsis. No amounts are lrtluded in the finanaal 5tAtrrrents for services donatsd by volunteers or for YOnteer Grants and donation. indudinggrants and dOaOn$ for the purchase of fixed asse are recognised In lull in the SOFA the period in which tlw are receiyed. Expenditwe Expendiwre is attounted for on a paywnts basis. Fund accounting Gener fvnds are unrestrfcted funds whith are alI61e for use at the discretlon of the Trustees in furtherance ofthe generaj obiectives of the charity and which hav¢ not been desiwed for other purposes. Restricted fund5 are fvnd5 whith are to be used in accordance with Specific re5tr1ctions Imposed by donors or which have been rdised by th2 charity for particular purposes. The cost of raising and adminisr£ring such funds are tharged a8a4n5t the specific fund. T&n8ible fixed assets Tangible rd assets are stated at CQSL Cost includes CO diwEcdy attributable co m?knngthe asset capable of operating as intended. The Tru5tee5 do not consider the valuation of the ftxed Assets EO be k)wer than COSL The Charity is not liable for assessment to ttK on its re5uks. Transactions with Tryste¢s The Trustees neither received nor waived any remuneration during the year. Trustees reived fuel reimburseWt for collection and transport ofgoods for the sho A £41KI loan from Mr R Wright (trnsteel was repaid durin8the year. The loans are on an inre5¢free basi$ and the remalnlng tAlance will reid when excess funds allow. and with the yeement of the other Twst The thRrity entered into a 10 year lease cornmencing on 4 December 2020 for 11 Mat Hac< North Walsham. The innual rent is £12.000 exclusive of VAT. The Landlord initinlly waived any rent completety the charity vns improvlng and UFJatirtg the premise5 and h(e addingyalue. However. during the year it VAS ad that rent should become due from 01 January 2023. It was also yeed that rent due sh¢wld be treated as a long terni loan at zero interest wTrth no fixed repayTnen¢ $theIe.
North Walsham Phoenix Group Notss fomiinz part of the financial statements for the year •nded 01 January 2025 4. Tangible fixed assets Impn>vements to Leasehold Property Plant & Total Machinery At 02 Jantsary 2024 Additions At O l January 2025 Depreciation At 02 Janary 1024 Charze At O l January 2025 NBV At 02 nUary 2024 NBV At 01 January 2025 227.156 5,526 231682 5,319 232.475 744 6.270 6.063 238.745 227,156 232,682 5.319 232.475 5,877 238.559 5. Creditors Indvded within uedinrs is £&925 due to LynLth (Landlord). the loan Is on an interest free basls to be reFwd when excess fvnds allow and with the aweefftht of1 Trust . Long tern) creditors Intluded longterm creditors 1$ £2&(Kl) due to L>Trb (Landlord}, the lo lateS to unpaid rentof the Premi The loan is on an interest free trjasis with no fixed repayment schedule in place.
North Walsham Phoenix Group Notes fomiSng part of the finantial statements {continued) for the year ended 01 Jan4wy 2025 7. Restrlrted funds I restricted funds have been used for the purposes weived as given below, and arè induded within Tan&'Ne Assets. The ofeath restiicwj fund Caled forward at the year-end is en below: At02 Atol January Income Expenses Transfers January 2024 2025 Purpose Leasehold Pr4)perty Impnwements North Walsham Communw Shop Recording Swtho 20,100 20.100 North Norfolk Distria Council- BIG &Tant Buil¢fing refvrbishment 91.448 310 91.758 North Norfolk Distritt Cwncrl - SustainabltY Grant Builthr refurblshment i&ooo i&crf)o Norfolk ComThnItY Commuftlty Based Hardship Supp)rt Fund &926 4999 1.927 12&548 9,236 (&999) 128.785 Plant & Mthinery Savoy EthJotiObuI Coffee wrAchine 4.51x1 4500 fuhds Norfolk Communty Household Support Costs 2QOOO (11.300) 8.7() NCF Sus¢ainability Fund National Lottery 1750 (32551 Izooo 11,495 Norfolk Community SuThiving Winter Foundation Fund iorj) 24,750 4.SOO 13255> (9001 25.095 Total 131.048 33.986 (10.254} (900) 1530 10