**Charity registration number 11915292**
**NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Trustees** P Morrison K Warner **Charity number** 11915292 **Independent examiner** Michael Greene BSc FCCA c/o Streets Whittle & Partners LLP The Old Exchange 64 West Stockwell Street Colchester Essex CO1 1HE
## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 12|
## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
The trustees present their annual report and financial statements for the year ended 31 May 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's CIO's Constitution, the Charities Act 2011 and "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)" (effective 1 January 2019).
## **Objectives and activities**
Nest continues to support the vulnerable members of our community, whether that vulnerability is Age, infirmity, or financial.
Our support is diverse, innovative, direct, fleet of foot and without judgement.
North Essex Support Team. (NEST) is a small charity completely run by volunteers whose costs are kept to a minimum. Involving, storage, running a vehicle, funding initiatives and other logistical costs.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
## **Achievements and performance**
_Significant activities and achievements against objectives_
I have listed below a short resume of just some of our work in the community of North Essex this year
• Essential furniture and household items, including beds, bedding and kitchenware. In the past year we have delivered essential goods to over 370 families & individuals. This has included more than 116 Beds and 190 Kitchen Appliances, all saved from landfill!
- NEST has purchased and provided brand new divan and bunk beds for children in need. Each bed is supplied with brand new bedding plus Pyjamas and even a small teddy bear.
- We have supported the homeless with sleeping bags, warm clothing, food, haircuts advice and support.
• We tackled fuel poverty not by funding directly fuel bills but by supplying, brand new warm indoor clothing; for example large thick hoodies, onesies, pyjamas, thermal underwear, thick socks, slippers, hats, gloves, scarves and blankets allowing families to be warmer in unheated homes
• We have assisted the community with moving on support, with furniture, beds and bedding when they secured a permanent home.
- We have supported young people coming out of fostering with help to furnish their accommodation.
- We have helped a Blind man clear his overgrown garden allowing him to keep his guide Dog.
• Assisted with adaptations in the home and movement of furniture within the home. For example; moving beds from upstairs to down, creating space for palliative care equipment to facilitate the return from hospital of very sick patients and those in receipt of palliative care.
• Provided essential, preloved items to disabled vulnerable elderly people eg. Wheelchairs, perching stools, riser recliners, beds.
- We have run slow cooker club to provide struggling families with slow cookers, basic kitchen equipment & ingredients for 6 hearty meals. More than 200 families have been fed so far!
- We have diversified our slow cooker club to support asylum seeking families, with traditional recipes to cater for their tastes.
- We have also carried out a slow cooker for elderly and vulnerable. With part cooked frozen meals backed up with warm winter indoor clothing.
• We have continued our targeted Christmas Hampers for families in our community. We have delivered “One Day Beautiful Free from Poverty” consisting of all food required for a complete Christmas day celebration, brand new toys for children and adults, this year we provided £40 for electricity or gas to 151 families this year, including more than 350 children.
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2023**_
• Winter Warmers events, collecting, sorting and distributing preloved warm clothing and bedding for those in need. This year we gave away 20,000+ items to over 3,300 struggling families and individuals in North Essex.
• Preloved prom dresses, suits shoes and accessories were given free of charge to young people in our community. This year we enabled 100 teenagers to enjoy their school prom, including those which poverty would mean they missed the event, or parents and families getting into debt. Worse still involving high interest or doorstep money lenders.
• Immediate direct funding transferred into the banks of families in crisis (No electricity, no food, supporting essential white good purchases, or clothing).
## **Financial review**
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The Charity is a Charitable Incorporated Organisation (CIO), subject to the provisions of its Constitution.
The trustees who served during the year and up to the date of signature of the financial statements were: P Morrison
K Warner
## _Recruitment and appointment of trustees_
Recruitment is advertised via social media. The NEST committee understand as part of its constitution it is required to have 3 trustees at all times and is taking action to ensure this is implemented in practice.
In future NEST committee will extend the reach of its trustee recruitment by advertising at local events, updating it's website and continuing its drive on social media.
None of the trustees has any beneficial interest in the CIO. All of the trustees are members of the CIO and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
P Morrison
## **Trustee**
24 November 2024
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
I report to the trustees on my examination of the financial statements of North Essex Support Team (N.E.S.T) CIO (the charity) for the year ended 31 May 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 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 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 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.
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.
## **Michael Greene BSc FCCA**
c/o Streets Whittle & Partners LLP The Old Exchange 64 West Stockwell Street Colchester Essex CO1 1HE
Dated: 24 November 2024
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
69,576
10,000
**Total income**
69,576
10,000
**Expenditure on:**
Charitable activities
Charitable activities
**4**
46,385
10,000
**Total expenditure**
46,385
10,000
**Net income and movement in**
**funds**
23,191
-
**Reconciliation of funds:**
Fund balances at 1 June 2022
62,543
-
**Fund balances at 31 May 2023**
85,734
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
79,576
79,205
-
79,576
79,205
-
56,385
50,352
11,565
56,385
50,352
11,565
23,191
28,853
(11,565)
62,543
33,690
11,565
85,734
62,543
-|**Total**
**2022**
**£**
79,205|
|---|---|---|
|||79,205
61,917|
||||
|||61,917|
|||17,288
45,255|
|||62,543|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **BALANCE SHEET**
## _**AS AT 31 MAY 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**10**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Unrestricted funds
**12**|**2023**
**£**
83,900
(3,200)|**£**
5,034
80,700
85,734
85,734
85,734|**2022**
**£**
57,431
(1,600)|**£**
6,712
55,831|
|---|---|---|---|---|
|||||62,543|
|||||62,543|
|||||62,543|
The financial statements were approved by the trustees on 24 November 2024
P Morrison **Trustee**
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
## **1 Accounting policies**
## **Charity information**
North Essex Support Team (N.E.S.T) CIO is a Charitable Incorporated Organisation registered with the Charities Commission.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's CIO's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention . The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## _**Basic financial assets**_
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
Financial assets comprise cash at bank and in hand. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.
Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MAY 2023**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
We do not believe the accounts to contain any significant accounting estimates or judgments.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
22,683
10,000
Grants
46,893
-
69,576
10,000|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
32,683
24,401
-
46,893
54,804
-
79,576
79,205
-|**Total**
**2022**
**£**
24,401
54,804|
|---|---|---|
|||79,205|
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
## **4 Expenditure on charitable activities**
|||**Charitable**|**Charitable**|
|---|---|---|---|
|||**activities**|**activities**|
|||**2023**|**2022**|
|||**£**|**£**|
||**Direct costs**|||
||Depreciation and impairment|1,678|2,238|
||Direct charitable activities|43,047|44,838|
||Storage costs|1,848|6,246|
||Van costs|3,016|2,985|
||Other costs|5,196|4,010|
|||54,785|60,317|
||**Share of support and governance costs (see note )**|||
||Governance|1,600|1,600|
|||56,385|61,917|
||**Analysis by fund**|||
||Unrestricted funds|46,385|50,352|
||Restricted funds|10,000|11,565|
|||56,385|61,917|
|**5**|**Net movement in funds**|**2023**|**2022**|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|1,600|1,600|
||Depreciation of owned tangible fixed assets|1,678|2,238|
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **7 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
## **7 Employees (Continued)**
There were no employees whose annual remuneration was more than £60,000.
## **8 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
|**9**|**Tangible fixed assets**|||
|---|---|---|---|
||||**Motor vehicles**|
||||**£**|
||**Cost**|||
||At 1 June 2022||8,950|
||At 31 May 2023||8,950|
||**Depreciation and impairment**|||
||At 1 June 2022||2,238|
||Depreciation charged in the year||1,678|
||At 31 May 2023||3,916|
||**Carrying amount**|||
||At 31 May 2023||5,034|
||At 31 May 2022||6,712|
|**10**|**Creditors: amounts falling due within one year**|||
|||**2023**|**2022**|
|||**£**|**£**|
||Accruals and deferred income|3,200|1,600|
## **11 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1**|**June**|**2022**|**Incoming**|**Resources**|**At**|**31**|**May**|
|---|---|---|---|---|---|---|---|---|---|
||||||**resources**|**expended**|||**2023**|
|||||**£**|**£**|**£**|||**£**|
|Rukba T/A Independent||||-|10,000|(10,000)|||-|
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## **NORTH ESSEX SUPPORT TEAM (N.E.S.T) CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2023**_
|**11**|**Restricted funds**||||**(Continued)**|
|---|---|---|---|---|---|
||**Previous year:**|**At 1 June 2021**|**Incoming**|**Resources**|**At 31 May**|
||||**resources**|**expended**|**2022**|
|||**£**|**£**|**£**|**£**|
||Family support|11,565|-|(11,565)|-|
## **12 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 June 2022**|**Incoming**|**Resources**|**At 31 May**|
|---|---|---|---|---|
|||**resources**|**expended**|**2023**|
||**£**|**£**|**£**|**£**|
|Hampers|6,697|-|-|6,697|
|Slow Cookers|5,979|-|(5,979)|-|
|Hot Meals|4,882|-|(4,882)|-|
|Furniture Moves|20,000|-|(5,000)|15,000|
|Sports Equipment|1,850|-|(1,850)|-|
|Winter Warmers|11,672|-|(11,000)|672|
|General funds|11,463|69,576|(17,673)|63,366|
||62,543|69,576|(46,385)|85,734|
|**Previous year:**|**At 1 June 2021**|**Incoming**|**Resources**|**At 31 May**|
|||**resources**|**expended**|**2022**|
||**£**|**£**|**£**|**£**|
|Hampers|-|6,697|-|6,697|
|Slow Cookers|-|5,979|-|5,979|
|Hot Meals|-|4,882|-|4,882|
|Furniture Moves|-|20,000|-|20,000|
|Sports Equipment|-|1,850|-|1,850|
|Winter Warmers|-|11,672|-|11,672|
|General funds|33,690|28,125|(50,352)|11,463|
||33,690|79,205|50,352|62,543|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
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