## **Trustees ’ annual report (including Directors ’ report) for the period** ## **From: Period start date 1[st] of April 2024 To: Period end date 31[st] of March 2025** ## **Charity name: New Beginnings Foundation CIO** ## **Charity registration number: 1198338** ## **Company number:** ## **Objectives and activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are to relieve the
needs of vulnerable children who are known
to Children’s Social Care for concerns
relating to neglect or emotional, physical or
sexual abuse, in particular by providing
intensive support to their parents and carers,
and providing education in parenting skills**.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Our mission is to provide parents in the child
protection system with the reliable support
they need to ensure they and their children
are safe and secure.
At New Beginnings we believe that by
building meaningful relationships with
parents based on trust, respect and honesty
we can support parents to care for their
children.
We are an independent charity that works in
partnership with children's services. We
therefore have the independence and
flexibility to tailor innovative therapeutic
services to meet the needs of our families,
whilst maintaining our strong commitment to
tackling issues that families in the child
protection system face.
By working closely with social care
professionals, we aim to improve working
relationships between parents and their
social worker which we recognise can often
become polarised due to context of the child
protection system.| |Statement confirming
whether the trustees have
had regard to the guidance|Para 1.18|The Trustees are aware of the guidance
issued by the Charity Commission with
regard to public benefit. It is this guidance| 1 issued by the Charity Commission on public benefit that frames our governance structure and board meetings. ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|We would like to thank all of our volunteers,
who are our peer mentors and parents who
have been through the trauma informed
programme, and work so hard in helping us
run groups and the run drop in centre for
new parents who join us.| |Other||| ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The main activity we delivered this year was
a trauma informed programme to adults
whose children are in the child protection
process. The programme lasts for 24 weeks.
Each week parents attend a group session
which has been designed to help them
recognise who they are, understand why
they parent in the way that they do and
develop new skills which can help them
progress and move forwards.
The programme is accompanied by a
workbook which has been designed to mirror
the content of the group work sessions as
well as help parents reflect on their own
situations. We have worked with 4 cohorts of
84 parents this year.
When parents complete the trauma informed
programme, they have the opportunity to
train to become peer mentors and facilitate| |---|---|---| 2 group work sessions with new parents. This year we have run one peer mentoring course and trained 8 new peer mentors. ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|Our aim is to support families in the child
protection process. This year we have
received 239 referrals. We accepted 84
parents on to the programme and have
maintained a retention rate of 66% across
the course of year.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|This year(24-25) we have been awarded
£380k of Reaching Communities Funding
over a period of three years. This grant is
used to employ two members of full time
staff: the Operational Lead and Post
Programme Support Worker as well as
funding our volunteers, sessional staff and
rent for the drop in centre.
In addition to the Reaching Communities
Fund, we have been awarded£300k from
Purposeful Ventures over a two year period
(from 25-27). This will be used to help us
grow and scale across Greater Manchester.
We won the CSJ Award and this led to
increased donations£43k.This year (24-25)
also received£100k from Stockport for the
Service Delivery Fee.| |Investment performance
against objectives|Para 1.41|| |Other||| 3 ## **Financial review** |**Financial review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Overall, the trustees are satisfied with the
performance of the charity. They are happy
with the amount of reserves that the charity
holds and the progress the charity is making
in terms of growth and spending.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The trustee policy at present is to hold
between 3 and 6 months reserves. This
equates to between£60k and£120k.| |Amount of reserves held|Para 1.22|£60k| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The majority of our funds have been
received from the National Lottery and
Purposeful Ventures. We also receive a
Service Delivery Fee from the local authority.
We also receive significant in-kind
contributions from Stockport Local Authority
who second four social workers to our
service.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|The principal risks facing the charity relate to
capacity issues for the CEO in managing the
operational demands of the existing work,
whilst also developing and implementing the
growth and expansion plan. The CEO is
working with an external mentor from
Purposeful Ventures to help with this. The
CEO and the Board are also actively
exploring options to develop the staff team to
enable tasks to be delegated where
possible.| |Other||| 4 ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document:
for example,trust deed,
memorandum and articles of
association etc|Para 1.25|Constitution| |How is the charity
constituted?
for example limited company,
unincorporated association,
CIO|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|We recruit by advert. We carry out an
informal interview and invite the trustee to
meet the team, the families, the CEO and
trustees. Once selected, we check
references and conduct DBS checks.
Existing trustees make the final decision as
to whether the new trustee is appointable.| |||| |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|When trustees are appointed they are
encouraged to do the training on the NCVO
website to understand their role and the role
of charity governance. There is also a
Welcome Pack and the opportunity to join
one of the committees.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Board of Trustees currently meet
quarterly. We intend to meet with the
Parents from New Beginnings Advisory
Group before each Trustee Meeting. In 24-
25 we set up a Risk and Finance Sub-
Committee to help us make better financial
assessments for future planning. We also
began the process of establishing a
governance committee, with the first meeting
scheduled in April 2025.| |Relationship with any related
parties|Para 1.51|| |Other||| 5 ## **Reference and administrative details** |Charity name|**New Beginnings Foundation CIO**| |---|---| |Other name the charity uses|| |Registered charity number|**1198338**| |Charity’s principal address|**29-31a Middle Hillgate, Stockport, SK1 3AY**| ## **Names of the charity trustees who manage the charity** |**Trustee name**
**Office (if any)**
**Dates acted if not for whole**
**year**
**Name of person (or body) entitled**
**to appoint trustee (if any)**
1
Ann Potter
Chair of Trustees
2
Mick Bailey
Secretary
3
Matt Hollingsworth
Treasurer
4
Cordie Gwlym
Chair of Governance
Committee
5
Aisha Momodu
Secretary of
Governance
Committee
6
Rachel Burton
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Corporate trustees–names of the directors at the date the report was approved
**Director name**|**Trustee name**|**Office (if any)**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---|---| ||Ann Potter|Chair of Trustees|||| ||Mick Bailey|Secretary|||| ||Matt Hollingsworth|Treasurer|||| ||Cordie Gwlym|Chair of Governance
Committee|||| ||Aisha Momodu|Secretary of
Governance
Committee|||| ||Rachel Burton||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| |
**Director name**|||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** 6 ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity ’s objects Details of arrangements for safe custody and segregation of such assets from the charity ’s own assets ## **Additional information (optional)** **Names and addresses of advisers (optional information)** **Type of Name Address adviser Name of chief executive or names of senior staff members (optional information)** Jadwiga Leigh ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The company has taken advantage of the small companies ’ exemption in preparing the report above.** **The trustees declare that they have approved the trustees ’ report (including directors ’ report) above.** **Signed on behalf of the charity ’s trustees /directors** **Signature(s) Full name(s)** Dr Ann Potter **Position (for example** Chair **Secretary, Chair, etc) Date** 28/01/2026 7 ## **Independent Examiner’s Report** ## **TO THE TRUSTEES OF NEW BEGINNINGS FOUNDATION CIO** I report on the accounts for the charity for the year ended 31st March 2025. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedure laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies. In the course of my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## _Paul Cowham_ Paul Cowham FCA DChA Withington Works Withington Baths 30 Burton Road Manchester, M20 3EB _29[th] January 2026_ 8 ## New Beginnings Foundation CIO ## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2025 |Unrestricted
funds
Note
£
**Income**
Donations and legacies
-
137,043
Charitable activities
3
108,258
-
-
Investments
4
-
**Total income**
**245,301**
**Expenditure**
Raising funds
-
-
Charitable activities
5
71,941
**Total expenditure**
**71,941**
6
**173,360**
Transfer between funds
-
**Net movement in funds for the year**
**173,360**
**Reconciliation of funds**
Total funds brought forward
55,869
**Total funds carried forward**
**229,229**
Fees and other income
**Net income/(expenditure) for the**
**year**|Restricted
funds
£
-
126,687
-
-
**126,687**
-
128,269
**128,269**
**(1,582)**
-
**(1,582)**
39,448
**37,866**|Total funds
2025
£
137,043
234,945
-
-
**371,988**
-
200,210
**200,210**
**171,778**
-
**171,778**
95,317
**267,095**|_Total funds_
_2024_
_£_
_18,972_
_126,676_
_-_
_-_| |---|---|---|---| ||||**_145,648_**| ||||_721_
_122,760_| ||||**_123,481_**| ||||**_22,167_**
_-_| ||||**_22,167_**
_73,150_| ||||**_95,317_**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 9 ## New Beginnings Foundation CIO Company number 10790017 ## Balance sheet as at 31 March 2025 **----- Start of picture text -----**
Note 2025 2024
£ £ £ £
Fixed assets
Tangible assets 11 11,530 17,295
Total fixed assets 11,530 17,295
Current assets
Debtors 12 3,437 1,464
Cash at bank and in hand 275,178 77,158
Total current assets 278,615 78,622
Liabilities
Creditors: amounts falling
due in less than one year 13 (23,050) (600)
Net current assets 255,565 78,022
Total assets less current liabilities 267,095 95,317
Net assets 267,095 95,317
Funds of the charity
Restricted income funds 14 37,866 39,448
Unrestricted income funds 15 229,229 55,869
Total charity funds 267,095 95,317
**----- End of picture text -----**
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 11 to 21 form part of these accounts. Approved by the trustees on 28th January 2026, and signed on their behalf by: Dr Ann Potter Name Signature 10 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **1 Accounting policies** The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **a Basis of preparation** The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. New Beginnings Foundation CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. ## **b Reconciliation with previous Generally Accepted Accounting Practice** In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required. ## **c Preparation of the accounts on a going concern basis** The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. There are no key judgments which the trustees have made which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. 11 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **d Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. ## **e Donated services and facilities** Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **f Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. 12 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **g Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity. ## **h Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **i Operating leases** Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. ## **j Tangible fixed assets** Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Fixtures and fittings 33% straight line Computer Equipment: 33% straight line ## **k Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **l Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **m Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 13 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **N Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **O Pensions** Employees of the charity are entitled to join the charity's defined contribution workplace pension scheme. The charity’s liability to the scheme is restricted to the contributions disclosed in note 9, subject to the minimum legal requirement. ## **2 Legal status of the charity** The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1. ## **Income from donations and legacies and core grants** |Donations
Grants
Wings Foundation
**Total**
Purposful Ventures
CSJ Foundation|Unrestricted Restricted
£
£
13,056
-
20,285
-
100,000
-
3,702
-|Total 2025
£
13,056
20,285
100,000
3,702|_Unrestricted_
_£_
_3,972_
_15,000_
_-_
_-_|_Restricted_
_Total 2024_
_£_
_£_
_-_
_3,972_
_-_
_15,000_
_-_
_-_
_-_
_-_| |---|---|---|---|---| ||137,043
-|137,043|_18,972_|_-_
_18,972_| 14 ## New Beginnings Foundation CIO ## Notes to the accounts for the year ended 31 March 2025 (continued) ## **3 Income from charitable activities** |Grants
Contracts
Stockport MBC
Earned income
**Total**
ADHD testing
Forever
Manchester
Other income
Stockport MBC
Activate
National Lottery -
Reaching
Communities
Training and
consultancy
Fees|Unrestricted Restricted
£
£
-
125,687
-
-
-
1,000
-
-|Total 2025
£
125,687
-
1,000
-|_Unrestricted_
_£_
_-_
_-_
_-_
_1,000_|_Restricted_
_Total 2024_
_£_
_£_
_97,054_
_97,054_
_15,000_
_15,000_
_1,000_
_1,000_
_-_
_1,000_| |---|---|---|---|---| ||-
126,687
100,000
-
1,298
-
1,418
4,412
-
1,130
-|126,687
100,000
1,298
1,418
4,412
1,130|_1,000_
_-_
_9,056_
_-_
_3,329_
_237_|_16,000_
_114,054_
_-_
_-_
_-_
_9,056_
_-_
_-_
_-_
_3,329_
_-_
_237_| ||8,258
-|8,258|_12,622_|_-_
_12,622_| ||108,258
126,687|234,945|_13,622_|_16,000_
_126,676_| ## **4 Investment income** |**Investment income**||||| |---|---|---|---|---| |Income from bank deposits|Unrestricted Restricted
£
£
-
-||2025
£
-|_2024_
_£_
_-_| ||-|-|-|_-_| All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted. ## **Analysis of expenditure on raising funds** ||Total 2025|_Total 2024_| |---|---|---| ||£|£| |Fundraising costs||| |Direct costs|-|_721_| 15 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **5 Analysis of expenditure on charitable activities** |Direct costs
Salaries
Training and development
Depreciation
Insurance
Sessional Workers
Office costs and general overheads
Project costs
Professional fees
Rent
Equipment
Travel and accommodation
IT equipment and contracts
Governance costs
Accountancy
Other governance costs
Restricted expenditure
Unrestricted expenditure
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
Independent examiner's remuneration
- accountancy
- independent examination|Total 2025
£
118,670
7,662
5,765
860
9,987
3,420
20,032
1,922
14,983
7,830
4,860
2,919
1,300|_Total 2024_
£
_82,606_
_5,802_
_5,765_
_769_
_2,323_
_823_
_16,498_
_1,796_
_625_
_379_
_683_
_4,091_
_600_| |---|---|---| ||200,210|122,760| ||2025
£
128,269
71,941|_2024_
_£_
_112,966_
_9,794_| ||200,210|_122,760_| ||2025
£
5,765
700
600|_2024_
_£_
_-_
_300_
_300_| ## **6 Net income/(expenditure) for the year** 16 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **7 Staff costs** Staff costs during the year were as follows: |ff costs during the year were as follows:||| |---|---|---| |Wages and salaries
Social security costs
Employers pension contributions
Other costs in staff costs
Redundancy pay|2025
£
105,894
4,723
6,120
1,933|_2024_
_£_
_71,489_
_2,295_
_2,013_
_6,809_| ||118,670|_82,606_| No employee has employee benefits in excess of £60,000 (2024: Nil). The average number of staff employed during the period was 4 (2023: 2). The average full time equivalent number of staff employed during the period was 3 (2022: 2). The key management personnel of the charity comprise the trustees, and the project director. The total employee benefits of the key management personnel of the charity were £71,465 (2024: £59,640). ## **8 Trustee remuneration and expenses, and related party transactions** Neither the trustees nor any persons connected with them received any remuneration, reimbursed travel expense of £nil were paid during the year (2024: Nil). Aggregate donations from related parties were £nil (2024: £nil). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil). 17 New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **9 Government grants** The charity did not receive and government grants during the year. ## **10 Corporation tax** The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. ## **11 Fixed assets: tangible assets** |**Cost**
Additions
**Depreciation**
Charge for the year
**Net book value**
At 1 April 2024
At 31 March 2025
At 31 March 2024
At 31 March 2025
At 31 March 2025
At 1 April 2024|£
23,060
-
Fixtures &
fittings|£
23,060
-
Total| |---|---|---| ||23,060|23,060| ||5,765
5,765|5,765
5,765| ||11,530|11,530| ||11,530|11,530| ||_17,295_|_17,295_| 18 ## New Beginnings Foundation CIO Notes to the accounts for the year ended 31 March 2025 (continued) ## **12 Debtors** |**Debtors**||| |---|---|---| |Amounts falling due within one year:
Trade debtors and grants receivable
Prepayments and accrued income|2025
£
3,437
-|_2024_
_£_
_1,464_| ||3,437|_1,464_| ## **13 Creditors: amounts falling due within one year** |Trade creditors
Accruals
Social security and taxation|2025
£
2,432
20,618|_2024_
_£_
_600_
_-_| |---|---|---| ||23,050|_600_| ## **14 Analysis of movements in restricted funds** |Activate (Churchill Fellowship)
Forever Manchester
National Lottery - Awards for All
National Lottery - Reaching
Communities|Balance at
1 April
2024
£
37,194
672
905
677|
Income
£
125,687
-
1,000
-|Expenditure
£
(125,687)
(1,905)
(677)|Transfers
Balance at
31 March
2025
£
£
-
37,194
672
-
-
-| |---|---|---|---|---| ||39,448|126,687|(128,269)|-
37,866| 19 ## New Beginnings Foundation CIO ## Notes to the accounts for the year ended 31 March 2025 (continued) ## **14 Analysis of movements in restricted funds (continued)** |Activate (Churchill Fellowship)
Forever Manchester
Judith Foundation
National Lottery - Awards for All
Total
National Lottery - Reaching
Communities
**Previous**
**reporting**
**period**|_Balance at_
_1 April_
_2023_
_£_
18,473
8,750
11,460
677|
_Income_
_£_
_97,054_
_15,000_
_1,000_
-
-|_Expenditure_
_£_
(78,333)
(23,078)
(95)
(11,460)
-|_Transfers_
_Balance at_
_31 March_
_2024_
_£_
_£_
_-_
_37,194_
_-_
_672_
-
_905_
-
_-_
-
_677_| |---|---|---|---|---| ||_39,360_|_113,054_|_(112,966)_|_-_
_39,448_| The balances on restricted funds are all unexpended grants for the charity's projects. Transfers from restricted funds occur when capital items are purchased and this satisfies the restriction on the funding. ## **15 Analysis of movement in unrestricted funds** |Fixed assets
Fixed assets
General fund
General fund
**Previous**
**reporting**
**period**|Balance
at 1 April
2024
£
38,574
17,295|Income
£
245,301
-|Expenditure
£
(66,176)
(5,765)|Transfers
As at 31
March 2025
£
£
-
217,699
-
11,530| |---|---|---|---|---| ||55,869|245,301|(71,941)|-
229,229| ||_Balance_
_at 1 April_
_2023_
_£_
_33,790_
_-_|_Income_
_£_
_32,594_
_-_|_Expenditure_
_£_
_(4,750)_
_(5,765)_|_Transfers_
_As at 31_
_March 2024_
_£_
_£_
_(23,060)_
_38,574_
_23,060_
_17,295_| ||_33,790_|_32,594_|_(10,515)_|_-_
_55,869_| 20 Notes to the accounts for the year ended 31 March 2025 (continued) ## New Beginnings Foundation CIO ## **16 Analysis of net assets between funds** |Tangible fixed assets
Net current assets/(liabilities)
Total|General
fund
£
11,530
217,699|Designated
funds
£
-
-|Restricted
funds
£
-
37,866|Total
£
11,530
255,565| |---|---|---|---|---| ||217,699|-|37,866|267,095| ## **17 Lease commitments** The charity had the following commitments under non-cancellable operating leases: ||Land and|buildings|Equipment|Equipment| |---|---|---|---|---| ||2025|_2024_|2025|_2024_| ||£|_£_|£|_£_| |Leases expiring in:||||| |One year|-|_-_|-|_-_| |Two to five years|-|_-_|-|_-_| 21