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[w￿￿e and Adminiw7tive Details Report ofthe Tn￿ee5 24 Report of the Irttleperrf1￿t 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 Wr￿t (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 artiv￿eS 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 wri￿t (2026> Saul Penfold {202n Luc/ Shire5 (2027) Laura Ea5twid( (20271 l Trus￿9 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 cOn￿dered the major rlsks to whlch the chartty Is exposed. ¢hiefiy the ￿ri￿lItY of income. The Trvstees have rwewed those risks and have made allowance in the anTru￿ budgeL To rn￿rdte fiJture decline in income or other extemal impact of the Trust's vlabilw, a resetve fund eqU￿￿ent 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 be￿n in September 2022 and wa$ Com￿tted 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& A￿ound floor aCceS￿bIe WC has bea) created aT￿ 15 a￿ailable 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 S￿￿ceS 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 ￿￿11￿bIe in the town and meet the needs ol the l¢xal powAation. We cr&ited the E￿￿cY Grant Fund in response to the CoMd-19 pandemic to support k)￿ people in need w￿h 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 COMMI￿10￿,$ 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 total￿￿8 £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) Bulk￿ng Improv&￿Trt Grant É310 ffin￿ pa￿ent 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 fU￿re During 2025 the Trusteeg will focus on meeting thÈ following prtorities fn)m the Core Stwate8y Document for the ch*ity. 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 m￿er1￿$ such as posteTr Ilyer& and sooat medkn posts. Wellness Prograrn Host wellness challengts foty>ng on health goals such as We￿h¢ 105% 5rn0kirs ￿ssation. or s¢res$ reducrion. Offer smoking cessation programs and restyJrce5 in partnership wth local healthcare providers. Coordinate health screeniryand CheCk￿P$ in collabora￿n with healthcare providersand public health agencies. S*r N￿ghbOUrhOOd5 Collabtsrao with lool pcAKe for the Saler Ne￿hknUrho0d 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￿ p￿1￿ ouweath effort5. including engagement inltlatives Social Impatt Workshop5 and Campai8n5 Owani$e workshops on soaal issue& sustainablllty. and communlry advo¢w to rn15e awareness and inspire action. Collaborate with local nonprofts and cornmunity organlsatlons to kun¢h awareness fundraiser& and outreath initsats Trnitees, responsibilities in relation to the financial statements The Trustees are re5pon5ible fcf weparing the Trustees, Report and the financi￿ statements in accordance with applioble law and United Kingdom Accountlng Standartls (Untted Kingdom Generally Accepted Accounting Prattl￿). The law aP￿Icable to charities in ￿￿Thd and Wales require the Trustees to prepare financial statements for each ffiThana￿ period whith give a true and fair ￿tW of the state of thirs of the charity and of the incornng resources and application of resources of the charity for that period. North Walsham Phoenix Group Rèport of thè Trustees For the year ended 01 January 2025(cortinu¢d In preparing these financi￿ sratements the Trustees are requir￿ to.. Selett Subtsble accounting policies and then apply them c¢Jn5tanty. Obser¥e the ￿￿thOdS and prinaples of the Chariue5 SORP 2019 (FRS 102 Make judgements and e5timaTr5 that are reawnable and pruden¢ State whether apFAKable accoufttiro standards have been followtd subjett to any rftaterial departsjres di5c105ed and eXPl￿ned in the financi￿ statements. ptre the financial statements on the 8ving cOn￿rn basis unkss it Is Inapproprlate w presume that the chariw will ctsntinue in operation. Th¢ Tnjstees are responsitle for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the char￿Y and enable them to ensure that the finandal sratements comply th the char￿e$ Act 2011. the Charities {Atcovnts and Report) Regulations I￿8 and the provisions of the TNst Desd. They are also re$Fon￿ble for *arding the awts of the charty and hence rea￿n￿bIt stsps for the prevention and dttectlon of fraud and other irrwlarrties. Artq¢¥ Apwoved bytheTTUS￿S on................................. .. and S￿ned on their be￿f ty, Saul P￿Id - Char North Walsham Phoenix Group Report of the Independent Examlners to the Trustees of North Walsham Phoenix Group For the year ended 01 January 2025 I report to the charlw trustees on my examination of the ¥coun¢s of the tharfty for the year ended 01 January 2025 which are Set out on pages 6 to l O. Respongibilities and basis ofreport As the charl￿$ trustees you are respon￿ble for the preparntion of the accounts In attordance with the requlrements of the Ch8rittes Att 20111the Arfl I report in r¢spett of my examIn￿10n ofyour compHn￿5 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 coM￿eted my examina￿on. I confinn that no matwial matLers hve come io ffly attenti¢)n in connection with the exaMin￿On 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 artI￿￿es Grants R￿tal 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 DePr￿￿tiOn 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 ￿oU￿btforWJrd 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 T￿ble 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) Nonvements to Leasehold Property Plant & Total Machinery At 02 Jantsary 2024 Additions At O l January 2025 Depreciation At 02 Jan￿ary 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 of￿1 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 Ca￿led 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 - Sustainabl￿tY Grant Builthr refurblshment i&ooo i&crf)o Norfolk ComTh￿nItY 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