Nottingham Financial Resilience Partnership (Registered charity, number 11992141 Financial statements for the year ended 30 April 2024 Page Contents Trustees, annual report Independent examiner's report ReiptS & payments account Statement of assets & liabilities Notes to the accounts 9-10 capLUS COMMUNITI ACCOUNTING
Nottingham Financial Resilience Partnership Trustees, annual report for the year ended 30 April 2024 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 Elaine Fox, until 2211112023 Dr Shaun French Jason Gregory Eaves Debbie Webster Paul Rhodes, from 2610612024 Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street. Nottingham, NG15GL Governance and management The charity is operated under the rules of its governing document adopted 08 June 2022. 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 [subsequentl annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from offi. 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 wellbeinglresllien issues, policy, events, and training/ education, gathering data and insights. It also includes contracting a consultant whose role is to coordinate the partnerships work.
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 f1nancial 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 inteNentions for the benefit of our residents. Together, we have the power to make a positive difference in the lives of individuals and the communities we serve. l am excited about the opportunities that lie ahead and the potential impact we can make over the coming months and years.
Nottingham Financial Resilience Partnership The National Lottery Communities Fund 2023-2024 The year was significantly impacted by the events around the Nottingham City Council budget situation from December 2023 onwards,. as the cuts had major implications for financial resilience work in the city. Effects of the various ramifications meant that, for some Partnership members. energies had to be given elsewhere. Despite various issues, a lot of work was delivered and some significant strides made by the Partnership, in some areas. Our work strands for the year were as follows.. Increasing income levels Addressing rising risk of homelessness from cost of living crisis and increasing housing costs Enabling people to increase their skills and confidence with money Ensuring financial capability work is targeted according to identified need Increasing reachl accessibility of the work within communities across the city Increasing extent and quality of Financial Education in the city Improving the levels of numeracy in the city Increasing awareness of money help services Reducing households skipping meals or cutting down the size of meals on a regular basis Develop a strategic joint working approach between mental health services and money help Increase awareness of access to energy related support Work to increase savings and reduce reliance on other options Nottingham City Council Debt protocol refresh clf from 21122and 22123 Maintain Primary Care Social Prescribing Advice Link Worker Project and securing post March '24. Continuing to build and develop the Partnership and ensure it is fit for purpose, building from residenvcommunity and service user priorities. Full details of our outputs and outcomes for our work strands for the year up till 30 April 2024, are available in our full report to the National Lottery.
Nottingham Financial Resilience Partnershlp The charity's policy on res8pie8 The Trustees have established a policy whereby the unrestrict@d funds not committed or invested in tangible fixed assets ('the free resetves,) held by the charity should be two months of the total reSoUrS 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 signrficant drop in income. The Twstees are committed to working towards achieving this. Signed on behalf f I 's trustees: Signed James Jone5, Trustee Date 13-11-1
Independent examiner's report to the trustees of Nottingham Financial Resilience Partnership for the year ended 30 April 2024 I report to the trustees on my examination of the accounts of Nottingham Financial Resilience for the period ending 30 April 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(51(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 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 John O'Brien Xffsc, FCCA, FCIE Employee of Community Accounting Plus Date 1811212024
Nottingham Financial Resilience Partnership Receipts & payments account for the year ended 30 April 2024 2023 Total Funds 2024 Total Funds Unrestrl¢tsd Restrlcted Funds Fund$ Note Receipts Grants & donations Opening transfer from previous entity Total receipts 35400 26518 61918 216 94225 94441 216 94225 94441 Payments Administration fees Bank charges Consultancy fees 5215 11692 57 57171 186 403 660 3011 11692 57 57171 186 403 660 3011 45651 128 393 Insuran Independent examination fee Other activities Publicity Website Total payments 3566 3542 280 58775 300 73480 300 73480 3143 Net receiptsl(payments) Cash funds at start of this period Cash funds at end of this period 216 20745 3143 23888 20961 3143 24104 3143 216
Nottlngham Flnanclal Reslllence Partnershlp ststement of assets and liabilities at 30 Aprll 2024 2ff23 Cash a88ets Bank ants 3143 3143 24 24104 Other mongtary aM0ts Debtor8 X12 A38ets rntainod for th8 charltys own us• G8n8ral (prnert Llabllftlos Creditors 550 550 n2 These financial statements are acpted on behalf of the charity by: Signed James Jones. Trustee Dated nD-11- XY
Nottingham Financial Resilience Partnership Notes to the accounts for the year ended 30 April 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 Unrestrictgd R9Stricted Total The National Lottery Community Fund ttingham City Council Sundry donation 50225 44000 50225 44000 216 94441 216 216 94225 3. Funds analysis Opening Receipts (Payments) balance Closing balance Restricted funds TFE National Lottery Community FurKI M)ttingham City COU11 - Public Health 50225 (30418) 19807 44000 43062 4081 94225 (73480) 23888 3143 3143 Unrestricted funds Gera1 216 216 216 216 Description of restricted funds: The National Lottery Community Fund - To achieve objectives on the annual action plan. Nottingham City Council - NFRP receives funding from Public Health in Nottingham City Council to act as delivery partner for the Financial Wellbeing strand of the Health & Wellbeing Strategy.
Nottingham Financial Resilience Partnership 4. Debtors Prepayment- Insurance 202 202 5. Creditors Independent examination fee 732 732 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. 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. 10