## **Nottingham Financial Resilience Partnership** (Registered charity, number 1199214) **Financial statements for the period 8 June 2022 to 30 April 2023**
|**Page**|**Contents**|
|---|---|
|2 - 4|Trustees’ annual report|
|5|Independent examiner’s report|
|6|Receipts & payments account|
|7|Statement of assets & liabilities|
|8 - 9|Notes to the accounts|
# **Nottingham Financial Resilience Partnership Trustees’ annual report for the period 8 June 2022 to 30 April 2023**
**Full name** Nottingham Financial Resilience Partnership
**Organisation type** Charitable incorporated organisation
**Registered charity number** 1199214
## **Principal address**
The Neighbourhood Centre Robin Hood Chase St Anns Nottingham NG3 4EZ
## **Trustees**
James Jones, Chairman, from 08/06/2022 Elaine Fox, from 08/06/2022 Dr Shaun French, from 08/06/2022 Jason Gregory Eaves, from 08/06/2022 Debbie Webster, from 08/06/2022
## **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 governing document adopted 08 June 2022.
As this is the first annual general meeting of the members of the CIO the existing charity trustees shall retire from office. Nominations have been sought and members have voted to elect trustees for the forthcoming year. Successful nominees will be announced at the AGM. At every [subsequent] annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office.
## **Objectives and activities**
Our organisation concerns partner organisations working together to improve the financial lives of people and communities in Nottingham. Activities include joint working across a range of financial wellbeing/resilience issues, policy, events, and training/ education, gathering data and insights. It also includes employing/ contracting a consultant whose role is to coordinate the partnerships work.
2
## **Nottingham Financial Resilience Partnership**
## **Summary of the main activities undertaken for the public benefit**
To promote financial inclusion, for the public benefit by preventing people from becoming financially excluded, relieving the needs of those people who are financially excluded and building the financial resilience of individuals and communities and to embed financial inclusion into all areas of service provision across the city of Nottingham.
The charity’s objectives are restricted specially only for the public benefit to promote the voluntary sector for the benefit of the public principally in the defined area of Nottingham. To prevent or relieve poverty and financial hardship by liaising between charities, voluntary organisations, government agencies and other groups which are dedicated to tackling poverty and financial hardship in the area of benefit.
- Providing training, conference and seminars on subjects relevant to the efficiency of the voluntary sector.
- Identifying the needs of the voluntary sector for the area of benefit in relation to public policy and legislation. For the purpose of this organisation. The voluntary sector means charities and voluntary organisations **.**
## **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**
Our mission as the Nottingham Financial Resilience Partnership remains as crucial as ever, particularly in the face of rising living costs that continue to strain household budgets. We have successfully completed the third year of our Lottery-funded Action Plan.
Alongside our important, ongoing funding from the Lottery, which has enabled so much of our work to date, the additional funding we now receive from Public Health, and their recognition of financial wellbeing as a priority in the Joint Health and Wellbeing Strategy for Nottingham City 2022-25, is a testament to the importance of our work. This further funding not only provides us with valuable opportunities, but also strengthens our partnerships and enables us to broaden our reach.
We have also recently received an uplift to our Lottery grant which will support our internal strengthening and external reach.
Our most recent resident survey, conducted in the spring by polling firm Census wide in collaboration with our community champions, has provided us with valuable insights. While the research highlights some progress, it also reveals concerning findings that will shape our Year 4 Action Plan work. We are committed to addressing these challenges head-on and delivering impactful interventions for the benefit of our residents.
Together, we have the power to make a positive difference in the lives of individuals
3
## **Nottingham Financial Resilience Partnership**
and the communities we serve. I am excited about the opportunities that lie ahead and the potential impact we can make over the coming months and years.
## **The charity’s policy on reserves**
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be two months of the total resources expended (£8,500 based on these financial statements). At this level, the board feel that they would be able to continue the current activities of the charity in the event of a significant drop in income. The Trustees are committed to working towards achieving this.
## Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ 06.02.2024 James Jones, Trustee
4
## **Independent examiner’s report to the trustees of Nottingham Financial Resilience Partnership for the period 8 June 2022 to 30 April 2023**
I report to the trustees on my examination of the accounts of Nottingham Financial Resilience for the period 8 June 2022 to 30 April 2023.
## **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 ______________________ 06.02.2024 John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
5
## **Nottingham Financial Resilience Partnership Receipts & payments account for the period 8 June 2022 to 30 April 2023**
|**Unrestricted**
**Funds**
**Note**
**£**
**Receipts**
Grants & donations
**2**
-
Opening transfer from previous entity
360
**Total receipts**
**360**
**Payments**
Consultancy fees
-
Administration fees
360
Website
-
Publicity
-
Other activities
-
I.T
-
Insurance
-
**Total payments**
**360**
**Net receipts/(payments)**
-
**Cash funds at end of this period**
**-**|**Restricted**
**Funds**
**£**
35400
26158
**61558**
45651
4855
280
3542
3566
128
393
**58415**
3143
**3143**|**_2023_**
**Total**
**Funds**
**£**
35400
26518|
|---|---|---|
|||**61918**|
|||45651
5215
280
3542
3566
128
393|
|||**58775**|
|||3143|
|||**3143**|
6
## **Nottingham Financial Resilience Partnership Statement of assets and liabilities at 30 April 2023**
**----- Start of picture text -----**
2023
Cash assets Note £
Bank accounts 3143
3143
Other monetary assets
Debtors 4 229
229
Assets retained for the charity’s own use
General equipment.
Liabilities
Creditors 5 (550)
(550)
**----- End of picture text -----**
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ Dated ___________ 06.02.2024 James Jones, Trustee
7
## **Nottingham Financial Resilience Partnership Notes to the accounts for the period 8 June 2022 to 30 April 2023**
## **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**
|**Unrestricted**
**Restricted**
**£**
**£**
The National Lottery Community Fund
-
13400
Nottingham City Council
-
22000
**-**
**35400**
**Funds analysis**
**Receipts (Payments)**
**£**
**£**
**Restricted funds**
The National Lottery Community Fund
25174
(25174)
Nottingham City Council - Public Health
22000
(18857)
Nottingham City Council - Homelessness Prevention
14384
(14384)
**61558**
**(58415)**
**Unrestricted funds**
General
360
(360)
**360**
**(360)**||**Total**
**£**
13400
22000
**35400**
**Closing**
**balance**
**£**
-
3143
-|
|---|---|---|
||||
|||**3143**|
|||-|
|||**-**|
## **3. Funds analysis**
## **Description of restricted funds:**
- The National Lottery Community Fund - To achieve objectives on the annual action plan.
- Nottingham City Council – Public Health - Nottingham Financial Resilience Partnership is the delivery partner for the full remit of the financial wellbeing programme. The programme will comprise the action plan and additional priorities which are to be identified through a collective programme development approach. This will be developed through joint workshops with the Health & Wellbeing Board and the Place-Based Partnership partners. The outputs of this work will be a shared programme delivery plan which will build upon the delivery plan that has been drafted to date.
8
## **Nottingham Financial Resilience Partnership**
- Nottingham City Council – Homelessness Prevention - To deliver activity focused on the homeless prevention through the financial inclusion project.
## **4. Debtors**
**----- Start of picture text -----**
£
Prepayment - Insurance 229
229
**----- End of picture text -----**
## **5. Creditors**
**----- Start of picture text -----**
£
Independent examination fee 550
550
**----- End of picture text -----**
## **6. Trustees’ remuneration**
Trustees received no expenses, remuneration or benefits in this period.
## **7. Related party transactions**
There are no related party transactions.
## **8. Glossary of terms**
**Creditors:** These are amounts owed by the charity, but not paid during the accounting period.
**Debtors:** These are amounts owed to the charity, but not received in the accounting period.
**Prepayments:** These are services that the charity has paid for in advance, but not used 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.
9