NEW BEGIfiNINGS COMDIISNITY REGISTERED CHARABLE NO: 1195791 FINAIICIAL AcCOus FOR THE YEAR ENDED 31ST DECEMBER 2024 R & A BURNS LIMITED CHARTERED CERTIFIED AccoufiTANTS
NEII BEGINNINGS COMDIUNITY REGISTERED FINANCIAL ACCOUPITS FOR THE YEAR ENDED 31ST DECEblBER 2024 COThTENTS Independent Examiners Report Income and Expenditure Account Balance Sheet Schedule of Fixed Assets
Page.1. NEW BEGIFifiINGS COMblUNITY FINATICIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 INDEPEfiDEt4T LTAMINERS Re ort In accordance WLth your instructions. we have compiled, without carrying out an audit. thè attached income and expenditure account and balance sheet frorn the accourkting record5 and information and explanations supplied to us. R & A Burns Limited Chartered Certif led Accountants 181-183 Sununer Road Erdington Birmingham B23-6DX
Page.2. IIEW BEGIfiNINGS c0blmtITy INCOblE AND EXPENDITURE ACCO FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Rental Incorne Donations Grants other Income Bank Interest Received 10.048 15.932 74.750 6.242 144 32,689 9.780 10,000 2,474 44 107. 116 54.987 COST OF SALES Food Cleaning Kitchen Equiprnent 2.362 1.679 651 601 714 4.692 105,801 50,295 LESS OVERHEADS Salaries and Wages Baby Equipment Staf f Training Safeguarding Building Repair5 Telephonè Charges Wèbsite Subscription Printing and Stationery Gardening Materials Travel Expenses General Expenses Ring Doorbell Subscription Ico Waste Tnsurances Rent Baby & Toddler Group Expenses Event Expenses Family Hub Expensès Donations Depreciation DepreciatiorL 23.246 25,904 75 145 43 34 120 736 184 20 13.639 192 452 2.842 426 35 2.158 521 12.283 9.188 5.073 1.440 517 12.081 3.546 Plant & Equipment Fixtures & Fittings 391 257 460 302 74.502 50.261 SURPLUS FOR THE YEAR £ 31 299 £ 34
$N3. NEW BEGIFINIIIGS CODIPIUNITY BALANCE SHEET AS AT 31ST DECEMBER 2024 Z024 2023 FIXED ASss Depreciating Assets 3,671 4.318 cURREE ASSETS Bank Treasures Account Bank Instant Online Account 40.755 IS.593 19. 121 5.281 56.348 24.402 HET CURRE1 ASSETS 56,348 24.402 £ 60,019 £ 28,720 REPRESENTED BY: CAPITAL ACCOUNT Opening Funds Net Surplus for the year 28.720 31.299 28,686 34 É 60.019 £ 28,720 Approved Mr. P. Spenee Chair of Trustees
Page.4. RIEII BEGIllflIflGS COMDIUNITY SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31ST DECEbfBER 2024 DEPRECIATING ASSETS Fixtures and Plant & COST At 1 st January 2024 and At 31st December 2024 3,606 2,371 5,977 DEPRECIATION At I st January 2024 658 1.659 Charge for the Year 390 257 647 At 31st DeceITer 2024 915 2,306 NET BWK VAL At 31 st Decenber 2024 2,215 1.456 3,671 At 31 st DecerfLber 2023 2,605 4,318
Trustees Report 2024
As I sit to write this report I am once again struck by the incredible amount of work that Carrie and her committed team of staff and volunteers do, and do to such a high standard.
Once again we have seen a year where the demand for our services has increased exponentially and this has brought further strain on our small team and limited resources and yet we still grasp every opportunity to show people that they are valued and cared for, unconditionally.
Our partnership with Sandwell Metropolitan Borough Council, Changes Programme has continued to develop and we are still running Sensory Play, Messy Play and Little Chefs sessions throughout the week. These are free at the point of use to Sandwell residents and provide a vital point of consistent contact for parents as well as providing a space for babies and toddlers to learn some vital key skills. Our involvement in the Family Hub network has grown over the year and Carrie has been busy building connections and helping other partners see the difference New Beginnings makes in our community, whilst inspiring them to try some new ideas in their areas.
Little Fish has been a constant as it has been for every year we have had it. It is again a vital space for community to grow and strengthen, all whilst the kids can play and create in a safe and stimulating environment.
Baby Bundles demand has soared in the last year and whilst at times this has been challenging, our team has risen to this challenge and ensured that these most vulnerable people in our community have the essential they need.
No reflection on the past year could be complete without a mention of our visit to the garden party at Buckingham Palace when Carrie and I had a brief chat with His Majesty the King. It was an amazing day in a place I never dreamed I would be. As I think about our New Beginnings family and the amazing things we do I must admit to a sense of pride in what we have created and I am forever thankful that we have Carrie and her amazing team of staff and committed volunteers to show our community what belonging and being truly valued looks like.
I commend this report to you and hope as you read it you get a sense of how special this community is.