## **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
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## **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.
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## **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
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## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. 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
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## **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**|
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## **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
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## **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**|
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## **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.
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## **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.
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