Broxtowe Community Projects (Registered charity, number 1195969) Financial statements for the year ended 30 September 2024
| Page | Contents |
|---|---|
| 2 - 4 | Trustees’ annual report |
| 5 | Independent examiner’s report |
| 6 | Receipts & payments account |
| 7 | Statement of assets & liabilities |
| 8 - 10 | Notes to the accounts |
Broxtowe Community Projects Trustees’ annual report for the year ended 30 September 2024
Full name Broxtowe Community Projects
Organisation type Charitable incorporated organisation
Registered charity number 1195969
Principal address 106 Chilwell Road, Beeston, Nottingham, NG9 1ES
Trustees
Helen Winfield, Chair Faisal Rahim, Treasurer Laura Cameron, Safeguarding Officer Dan Walker, from 09/11/23 Will Mee, from 21/02/24 Tom Roberts, from 11/06/24 Shaun Dannheimer, until 15/04/25
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its constitution – CIO Association registered 29 September 2021.
Trustee vacancies are advertised through open advertising and through our networks. Trustees are then interviewed and the existing trustees vote by majority vote according to quorum and constitution rules.
Objectives and activities
To relieve people in the borough of Broxtowe and those in the neighbouring Lenton Abbey area who are in need, by reason of their age, ill-health, disability, financial hardship or social circumstances in such ways as the trustees shall think fit, with particular focus in the immediate future on providing assistance to those affected by Coronavirus (Covid-19), through the provision of educational programmes, advice, guidance and assistance.
Summary of the main activities undertaken for the public benefit
BCP prevents & relieves poverty through providing services, advice, support & training which include but are not limited to, community meals, a subsidised supermarket, food, nappy & warm banks, basic English classes, financial & digital inclusion, wellbeing projects and promoting humanitarian values and community empowerment through volunteering & reducing isolation through community building.
These activities provide public benefit through ensuring no one in our community goes hungry or has to choose between heating and eating, our advice programs
2
Broxtowe Community Projects
educate people struggling with poverty and debt and empower them to make tangible changes that improve their lives, by providing community meals and events we create opportunities for community cohesion and actively reduce loneliness isolation, skills are also built and our beneficiaries report an improved sense of wellbeing and belonging. Introducing basic English classes has also been well received and has helped our refugee and asylum seeking members be able to access support, friendship and feel more confident in building relationships with their neighbours.
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
This year has been an amazing year for our charity – we have been able to grow our services and embed ourselves firmly across our community as an important part of the local VCSE offer. Our project to welcome Hong Kongers to our community has been wonderful, allowing us to develop English classes and focus on community cohesion, welcome and a sharing of cultures. We have also been able to develop and deliver a micro community centre in a second building, this micro community centre, our hub, has enabled us to house a social supermarket, which provides a transitionary opportunity for our longer term foodbank users, to have more choice and build independence as they contribute by paying 25% of the retail value of the goods they buy which helps us to become more sustainable but also provides dignity for our beneficiaries whilst still enabling them to access affordable, good quality nutritious food which they may not otherwise have been able to afford.
During the last year we have supported just over 800 member households, over half of which are families with primary school aged children – in total we provided over 3,000 food parcels to households in urgent crisis, whom without our support could not have afforded to buy food. On average households stay with us for 3-6 months whilst we work with them to resolve the cause of their crisis either through signposting to relevant advice agencies such as the CAB, supporting them with job applications and or arranging peer to peer support through our community mealsthis is an important part of our work, and during this time of cost of living crisis we have seen more people request our services than in previous years and also had to recruit and train more volunteers in order to grow our capacity to deliver this help many of these new volunteers have been former beneficiaries or their wider family members.
We are looking forward to continuing to work with our beneficiaries to create programmes of support which support them in improving their lives and celebrating our 5[th] year of operations at the end of 2025.
3
Broxtowe Community Projects
Financial review
We have been fortunate this year to secure two large grants from the government which has helped us grow our work and expand our services; however, we are aware that the trusts and foundations grant environment is becoming increasingly competitive which is why we must look at ways to diversify our income - this year around 85% of our income came from trusts and foundation and only 15% was through community fundraising and public donations which means we are very project driven and whilst we have sufficient reserves to keep us secure for 3-6 months, very little of our income is unrestricted. In the next year we need to look at ways to diversify our income and grow our offer.
The charity’s policy on reserves
We aim to hold 3-6 months of reserves – built through public donations and events income - we need this as we are an endowed charity whose services such as a foodbank require us to rent a physical space of our own, this means we have regular over heads. We also have to buy in a significant amount of the food we provide to our beneficiaries as there are few opportunities to have a collection point in local supermarkets with these mostly being supported by Trussel Trust affiliated organisations – we do have one in Wollaton however and this is making a difference. Core funding and unrestricted funding is vital to us because of this.
Financial risks
As trusts and foundations support is becoming increasingly difficult to secure and some are closing or reviewing their giving strategies, we risk less income being available or slower periods between grants being achieved this is why in this coming year we are looking at ways of building public donations through public engagement and diversifying other forms of income - this has been added as a responsibility for our new operations manager who, has more hours and whom we are excited to work with in moving the organisation forward.
Acknowledgements
We are very grateful to all those organisations and individuals who have supported us this year and have enabled us to reach out and improve the lives of so many individuals in our community.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Helen Winfield, Trustee
4
Independent examiner’s report to the trustees of Broxtowe Community Projects for the year ended 30 September 2024
I report to the trustees on my examination of the accounts of Broxtowe Community Projects (the charity) for the year ended 30 September 2024.
Responsibilities and basis of report
As the trustees of the charity 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 carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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.
Signed ____ Date _______ John O’Brien MSc, FAIA, FCIE Employee of Community Accounting Plus
5
Broxtowe Community Projects Receipts & payments account for the year ended 30 September 2024
| 2023 Total Unrestricted Funds Funds £ Note £ Receipts 90982 Grants & donations 2 23005 1978 Fundraising 3168 277 Bank interest 1670 93237 Total receipts 27843 Payments 72 Bank charges 72 353 Communications - 268 Equipment - 14896 Food 4868 360 Fundraising costs 180 402 Insurance - - Leaflets & promotional 122 12583 Legal & professional 7634 1186 Office costs 249 4381 Project supplies & costs - 6000 Rent - 1260 Room hire - 21137 Salaries, NI & pension 7107 117 Staff & volunteer expenses & training - 144 Subscriptions & website 432 145 Sundry expenses - 874 Travel 179 - Trustees 1073 1923 Utilities & rates - 66101 Total payments 21916 27136 Net receipts/(payments) 5927 55980 Cash funds at start of this period 25782 - Transfers between funds 8904 83116 Cash funds at end of this period 40613 |
Restricted Funds £ 92252 - - 92252 - 667 8955 30311 - 238 - 7135 - 14124 14000 5771 36634 5472 - - - - 3746 127053 (34801) 57334 (8904) 13629 |
2024 Total Funds £ 115257 3168 1670 |
|---|---|---|
| 120095 | ||
| 72 667 8955 35179 180 238 122 14769 249 14124 14000 5771 43741 5472 432 - 179 1073 3746 |
||
| 148969 | ||
| (28874) 83116 - |
||
| 54242 |
6
Broxtowe Community Projects Statement of assets and liabilities at 30 September 2024
| 2023 £ Cash assets Note 83116 Bank accounts 83116 Assets retained for the charity’s own use General equipment. Liabilities (3603) Creditors 3 (3603) |
2024 £ 54242 |
|---|---|
| 54242 | |
| (3593) | |
| (3593) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Date _____ Helen Winfield, Trustee
7
Broxtowe Community Projects Notes to the accounts for the year ended 30 September 2024
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
| National Lottery Community Fund Nottinghamshire County Council People's Health Trust National Grid Warburtons Feed Groundwork UK Thomas Farr Charity The Woodward Trust Unite Broxtowe Borough Council Costco Arnold Clarke The Jones 1986 Trust Jessie Spencer Trust Neighbourly Sundry donations |
Unrestricted Restricted Total £ £ £ - 36958 36958 - 23180 23180 - 21369 21369 - 9995 9995 - 400 400 - 350 350 1000 - 1000 4000 - 4000 1000 - 1000 1000 - 1000 1100 - 1100 200 - 200 2000 - 2000 5000 - 5000 1000 1000 280 - 280 6425 - 6425 23005 92252 115257 |
|---|---|
3. Creditors
| Independent examination fee Salaries, NI & pension (HMRC) Salaries, NI & pension (NEST) |
£ 690 2248 655 |
|---|---|
| 3593 |
8
Broxtowe Community Projects
4. Funds analysis
| Restricted funds DLUHC Happy Meals NCC Energy fund NCC Food fund NCC Social Supermarket Pebbles Toy fund (Neighbourly) Warmbanks (National Grid) DCMS (Lottery) NCC Revenue grant People's Health Trust NCC Cost of living NCC Ukraine NCC Capital development Warburtons Feed Unrestricted funds General fund |
Opening balance £ 39460 941 4488 2275 9300 382 486 2 - - - - - - - - 57334 25782 25782 |
Receipts £ - - - - 6390 - - 9995 36958 3290 21369 2500 5000 6000 400 350 92252 27843 27843 |
(Payments) £ (39460) (941) (4488) (2275) (11651) (382) (486) (9997) (36958) (3290) (12465) (2500) (1410) - (400) (350) (127053) (21916) (21916) |
Transfers £ - - - - - - - - - - (8904) - - - - - (8904) 8904 8904 |
Closing balance £ - - - - 4039 - - - - - - - 3590 6000 - - |
|---|---|---|---|---|---|
| 13629 | |||||
| 40613 | |||||
| 40613 |
The transfer from the People’s Health Trust to the General fund represents costs claimed retrospectively for 22/23 and recorded in General fund in prior year.
The specific purposes for which the funds are to be applied are as follows: DLUHC – Honk Kong BNO Welcome project costs, including staff . Happy Meals – McDonalds meals and activities for low income households. NCC Energy fund – energy and similar costs.
NCC Food fund – food and similar costs.
NCC Social Supermarket – Social supermarket project.
Pebbles – to improve our work space to sort food and fill food bags for better service provision.
Toy fund – fun and social outings.
Warmbanks – Warm bank costs.
DCMS (Lottery) – Community Organisations Cost of Living Fund.
NCC Revenue grant – to underpin core costs that enable the charity to function. People’s Health Trust – towards costs of Empowering People and Communities Social Meal.
9
Broxtowe Community Projects
NCC Cost of living - to underpin core costs and food costs to underpin the work of the foodbank.
NCC Ukraine - to provide English classes, small group crafts and welcome events for the Ukrainian community.
NCC Capital development – fund for our kitchen installation project.
Warburtons - to provide activities for families who are struggling to bring joy and enable consultation with these families to gain insight into the causes of hardship in their lives, an understanding of our impact and what new services may be valuable.
Feed - for the purchase of formula and baby bank items.
5. Trustees’ remuneration
During this period, a total of £1,073 was reimbursed to 2 trustees for expenses incurred.
6. Related party transactions
There were no related party transactions in this period.
7. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
10