Nottingham Financial Resilience Partnership (Registered charity, number 1199214) Financial statements for the year ended 30 April 2025
| Page | Contents | |
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| 2 - 3 | nnual report | |
| 4 | Independent e | report |
| 5 | Receipts & payments account | |
| 6 | Statement of assets & liabilities | |
| 7 - 8 | Notes to the accounts |
Nottingham Financial Resilience Partnership annual report for the year ended 30 April 2025
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
Debbie Webster, Treasurer James Jones, until 27/03/2025 Shaun French Jason Eaves, until 03/12/2024 Sally Denton, from 27/03/2025 Paul Rhodes, until 30/12/2024 Jamie McMahon, from 15/04/2025
Independent examiner
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.
We recruit new trustees from our memberships and they are appointed by our current trustees.
Objectives and activities
the voluntary sector for the benefit of public principally in the defined area of Nottingham (hereinafter called the area of benefit) to prevent or relieve poverty and financial hardship by:
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Liaising between charities, voluntary organisations, government agencies and other groups which are dedicated to tackling poverty and financial hardship in the area of benefit;
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Providing training, conference and seminars on subjects relevant to the efficiency of the voluntary sector;
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Identifying the needs of the voluntary sector and establishing projects or policies to address them; and
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Acting as a representative 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.'
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Nottingham Financial Resilience Partnership Public benefit statement The Trustees confirm that they have complied with the duty in section 17 of the Charltles Act 2011 to have due regar¢J to the cnarlty Commission's general guidance on public b8nafit, 'Charitias and Public Benofit,. We support people by addressing financial exclusion across the city of Nottingham. Summary of the main achigvements during the period We raise awareness of the key issues in financial resilience in Nottingham and gain buy-in from key decision-makers. We have provided training for hundreds of front line workers. We have been successful in securing new funding for projects within the city. Wa hava been recognised at a national level for'best practice, in financial resilience work. We have established new ways of working strategically and have prompted a greater awareness of money help services amongst other providers. We have been instrumental in establish1ng 8 real increase in partnership working bC1cen Variou organisalions which was not previously happening. This has resulted in better support for the residents of the city. Financial review We are in a precarious situation with funding at a low point. However, we have applications being considered currently, one of which would start in May 2025. The charity's policy on reserves The Trugteeg have egtabli3hed a policy whereby the unrestriGted funds not committed or invested in tangible fixed assets {'the free reseNes') held by the charity should be two months of the total reSoUrS expended (£8,500 based on these f Inancial 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 significanl drop in income. The Trustees are committed to working towards achieving this. Financial risk A risk we face is running out of funds to pay a freelance consultant. Signed on beha of the charity's trustees.. Signed Debbie Webster, Date stee
Independent e report to the trustees of Nottingham Financial Resilience Partnership for the year ended 30 April 2025
I report to the trustees on my examination of the accounts of Nottingham Financial Resilience Partnership (the charity) for the year ended 30 April 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts
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.
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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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.
03/09/2025 Signed ____ Date _______ Jo , FAIA, FCIE Employee of Community Accounting Plus
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Nottingham Financial Resilience Partnership Receipts & payments account for the year ended 30 April 2025
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Nottingham Financial Resilience Partnership Statement of assets and liabilities at 30 April 2025 2024 ZOZS Cash assets Bank accounts 24104 24104 9362 9362 other monetary assets Prepayment- InSurare 202 202 219 219 Liabilities Creditors- ErKlepeThJent examination fee 732 (732) 762 (762) These financial statements are a¢pted on behalf of the charity by: Signed Debbie Web Date gtee
Nottingham Financial Resilience Partnership Notes to the accounts for the year ended 30 April 2025
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
3. Funds analysis
The transfer from the General fund to the National Lottery Community fund is to support the cost on this activity.
The National Lottery funding- To develop and complete a 5 year 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.
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Nottingham Financial Resilience Partnership
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- Trustees received no expenses, remuneration or benefits in this period.
5. Related party transactions
- There were no related party transactions in this period.
6. 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.
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