REGISTERED COMPANY NUMBER: 00371615 (England and W￿e9) REGISTERED CHARrrY NUMBER: 208446 REPORT OF THE TRUSTEES AND FINAJ¥CIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE FELLOWSHIP OF ST NICHOLAS Aruity Professional Partnership LLP Unit 2.02 High Weald Hous¢ Glov¢r5 End Bexhill East Suss¢x TN39 SES THE FELLOWSHIP OF ST NICHOkn%S CONTEr￿s OF THE FIliANCIAL STATEMENTS FOR THE YEAR F.NDED 31 MARCH 21124 Page Report octhe Trustees I to 16 ststrmejbt of Trw¢¢u' RespDn8ibllltle5 17 Report of the Independemt Audltor 18 to 21 Sl&temenl of Fin4n¢1￿ Attilrities of FlnaTrclal P05itiott 23 to 24 Ststetnettt of Cash Flows 25 Note5 to the St#ttmeut of Cash Flows 26 Not¢$ to the Fin8neial St*tement$ 27 10 43 Detailed Ststem¢nt of FiDAnci*l Acti￿￿¢$ 44 to 45 THE FELLOWSHIP OF ST NICHOL￿8 REPORT OF THE TRUSTEES FOR THE YKAR EfiDED 31 MARCH 2024 The trustCC6 who are also dir¢¢tors of the charity for the purposes of the Compat)iCs Aet 2006, present their report with the finaDcial stat¢ment$ of ih¢ charity for the year cndcd 31 March 2024. The trnstccs have adopied thc provisions of Accouniing and R¢p(Jrting by Ch*rili¢s'. Stst¢Tn¢nt of Recommendd Practice applicable to Charities pr¢paTing their accounts in accordance with the FiDaJAcial Reporting Stsndard gppli¢abl¢ it) th¢ iJK And R¢public of Ireland (FRS 102) leffectiv¢ l January 20191. Poge THE FELLOWSHIP OF ST IYICHOLAS REPORT OF THE TRUSTEE$ FOR THE YEAR ENDED 31 MARCH 2024 OBJECnVES AND ACTIVITIES Prlnelpal activitie5 and revlem. of bu8lne55 FSN'S principal activities are based on its purpose ¢0.. 'Aim to provide ¢ffe¢iive and prof￿1￿n￿l raring aclAon withijui discrimin81i(MJ and favour for childrcn and youll8 pw)le Suffering the effects of poverty? disadvantage. n¢gl¢rt and abuse.. As part of the d¢v¢liry)ment of FSN'8 3-year strategic plan, the Board ofTwsi¢es reviewed the work d¢liv¢red JLnd agreed a 'cor¢ offer, as well as an updatrd Mission Sta¢¢m¢nt whi¢b was consul1￿ on with stsff and voluntcers. FSN'S mission slatcment was a8reed as.. "Crea¢lllg spli¢¢ wh¢re Children* young people and farniliu are Inspired alld swiported tt* flowS$h" The core offcr was d¢fined to cnablc 8 ¢lear¢r utxdcrst8nding of the work of FSN and bring together th¢ individual projects nd Truslees a8reed the following eategories of the ¢or¢ offer-. - Children and Young People H¢alth and Wellb¢ing Famili¢s Trainitt8 and Learning As part Of this, FSN'S My Timt mcntal health proj¢¢t and Dragonflies ber¢dV¢ts)Wlt project mcrged to fom o mental health and bereaycmenl offcr for ¢hildreTh and young pwpl¢. To Support FSN'$ ¢or¢ offer. a lieaching CotmnutsAties Lottery bid wa8 submitted and it was witb gr¢at pride thal IhLS wa5 Succ¢￿￿[ with five y¢ar5 lunding allcttted lo support th¢ Children and Yow)g Pcople attd Famili¢> a5PCCt5 of the ¢or¢ offer. Summ*ry of S¢nlce Dellvery Partllership working has plHyed a key role in the work this y¢ar. from a youttg person led research proje£t focusing on barrier5 lo emplo￿ent and young people's ViCW5 on a¢r¢ss to Primary Car< to wwking adul¢ h¢alLh services and Irtiegrated Car¢ TeAm pariners. The cost of living crisis ¢otttinued io place demands on FSN services, especially the Temp(¥ary Accommodation Hub and lh¢ fo(Ml Pantry and staff Work￿ hatd to meet th¢ danand and ensure familie5 w¢rc supported. Families also faced increasing pr¢ssure in our nurseries, i]npacling on children's Primc Ar¢as of Leorning i.e. language and communication, phy$i¢al 2nd emotional development. Thc need for more intensive 5UPWt wss identified the role of the Family Support work￿ wa$ d¢velopel offering l..1 intervenrion and ininimizing the risk of escal&tion ¢0 Children's Service5. This aloo8 Wjth small group work and rtsh¢rships with I￿al Pnniary Schovls, th¢ Enhanced Inclu$iv¢ Praclice project will look to devclop b¢5t pro¢iJce across East Sussex. Works finally siarted OD the outsid¢ of ihc building lollowing Icngthy delays in contracting the W￿kS and sourcing the tnaterials for the wirk. Staff Tr*inlDg Sw¥port FSN appreciates and reSP￿tS the work of the committed stsff teams across th¢ org2nisation. Without them the organisation would not be abl¢ 10 ofyer ihe quality services for childrcn. young pe#ple and families. By listening to staff FSN ensurcs thai ongoing training opportunities are available to fi]rther devclop the workforce. and two pay increases were award¢d duriD8 the year in reco￿￿tiOn of th¢ r05t of living crLSI5 impa¢¢ing on them. Pag¢ 2 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THF. YEAR ENDED 31 MARCH 2024 As W￿11 &s ihe maftdatory trainin8 En safe8uarding and first aid, th¢ ftsllowing spKialisl training was offered: - Promoting Ra¢e & Ethnx¢ Equality in Mentsl H¢alth C}￿e - EMCC Accredited Health Coach Prograthmc Traumaii¢ B¢re1V¢￿ent Lcader5hip & Management - SENC.O TTainit)8 for Early Years providers . Trauma Infornjed Car¢ Awareness Thc FSN Staff and Voluntecr Well￿l￿g Toolkit Iva5 Tcviewed and updated and continues to ￿ used to support the team. Following fedba¢k from siaffj th¢ t¢am day in Dttern￿ 2023 w&8 fttused on th¢ diff¢rent projccts acr0&8 the charity. One 51aff member said.. 'I lust wanted to drop a lffine to say # big thank you for the statf Conference day. I f•urtd the tour51￿0￿P5 Inercdlbly useful a¢quSrtd aTrlul lot of new ￿￿O￿ledge. I look forward to belng able to slgnpost our faDJllle$ more effectlvely it WAS lovely to meet so many D¢w p¢opl¢ #Dd better understand eyerythlng th*¢ FSN to oftTer" This also resulted in 970/0 of staff Tcspinding to th¢ annual stsff survey sayin8 that they had a gth)d und¢r5tanding of the projects and s¢rvi¢¢$ that FSN off¢rs. IOOQ/o of r¢SFK>nd¢nts to the staff survey alsts reponed that.. - They r¢¢eiv¢ recogn2tion of their cffon5 - They receive regular supernision - They would re¢omm¢nd FSN to someone I￿king for a job When asked what FSN'S strengths w¢r¢, staff Said.. "The people who work aDd ￿l￿￿tter 4t FSN, the bre*dth depth of servlees AvafiAbl¢ how the or￿n181t￿O t8ke$ forward Idtas" "I b8ve been sUPPOrt¢d tltrough every part of my ¢#reer• giyen so mAny •pportunitie5 and dIffere￿¢ $¢ep$" "M*kln% pwpl¢ feel weltorne, Supported Y4ppreci%t¢d, stsff volunteers and senlte users" CHILDREN AND YOUNG PEOPLE E¥Jrly Years The ¢ffects of the COVID pandernic were still evident in ¢hildren'5 deyelopmcnt on entry to nur5y. A rise of I￿/¥ of children with additional ne*Js and an I IO/ts rise ID children eligible for the Early Yefirs Pupil Premium {EYPPlac£essing nuTSery provision the staff t¢4m5 focusin8 etyths ott th¢ Prime Areas of tLthrning and specifically Languag¢ and Communitaiion. In respims¢ to this. FSN appli￿ to tske part in an East SussvA proj¢¢t, EDhancin8 In¢lu$iv¢ Practice (EIP). This i$ a twD-year project workiDg with local Primary sCh￿IS irt developing effective transition for children who do not tneet the threshold$ fvT an EducatioJJ, H(*lth and Car¢ Plan IEHCP). Thc aim of the project is to ensure that ih¢ idetLtifJed childr¢n and their fajnilies r¢¢¢]￿ the right support to ¢nabl¢ a $mooih succc&sful transition from nursy to R¢ttptiOEJ class. Page 3 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 During the y¢ar. 302 ¢hildr•i attended th¢ three nttrseries. Of these childT¢n.' - 61 had Engli%h as an Additional IAnguage (20/0), at St Ni¢k's Nurs¢ry it is 2W/ 58 hAd addiiional nccd5 (IW/v)- a rise of IOO/o on tb¢ pr¢vious year . 84 were eligibl¢ for th¢ Early Years Pupil Premiutn {28Q/o}- a rise of I 10/0 on the previous ye4r - 71 were in r¢c¢ipt of 2-year fi￿ding (23 /.) - 91 succe$5fv11y transitioned to Primary S¢hool13￿1.) All thrce nuTs¢ries regularly receivc feedback from parent&lcarers and the children: "Wb#i am*zlng nursery! AU thre¢ of my chlldreD h•v¢ ¥ttendtd nursery *nd I c*nThot fault them. Each Individual st•ff m¢mb¢r pAst present have been amazittg, the thildren are well looktd after the 5tgff Arn Always bxppy to help. The childreD xrÈ always bappyl D¢filllttly recommend thi5 nur¥ery to all friends wlth Ilttlt onts. NURSERY PARENT "l Callllot fAul¢ th16 nursery or the Incredlble sta￿.1 They supported sent Jne tbe right dire£tlon to do my FACT tralnlng and Itvtl 2 Clty Gullds qualific*tion. They art amazin%." NURSERY PAREPIT "All my tt#tbers make me feel safe. I love all my fritttds" CIIILD'S COMMENT Study A was liTring in temporary accommut her living situatjon She had little space in hcr hcad to think aLx>ut forging fri¢ndships with Lrther parents and no home io invite children to play. Staff asked A if she would like to take some play pack5 fron) the learning library 10 h¢lp with ideas aiN)ut aclivities to do at home. which she wa5 keen to have. S￿n after, A w2s offered perman¢nr a¢commiNJation. It was at this poini th¢ Dursery off¢T¢d a visit from FSN'S family SUPPDrt worker who could help her begin to make a home. This offer of sUPPOrt w•s iimely as the f&mily had ￿mitt)re and needed to keep their longings in bla¢k sacks. With suppori, furnitUTe was or8anised and wth on-goiDg home visits by th¢ family support worker the parent gained n)ure Cui iheir special person without fccling overwhelmed a5 well as talk to othcr5- felt FKller able to d¢al wilh inlTusTrve memori¢s. L's Carer said-. "It has h¢lped all the childr•) be able to talk and there bas been a differen¢¢ in the way they talk and osk questions alxlllt Tnum. Thank )rJu" Young pcople over ihe age of16 yeaTS old were also able to access l.. l Fw¢avema)t counselling. My Tlme FollO￿ng the review of the project. the out¢omes were streamlined at)d agreed witb 93D/o of children and youn8 peq)le r¢porling improvcmeTrt in their seif-wnfidence, self-¢st¢em, an in¢reased und¢rstanding of Mental health, improv¢mcnt in relauon$hips with othcTS and inrrcased social engagement. Page S THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THF YEAR ENDED JI MARCH 21124 A pilot proj¢¢t took placc in th¢ Iwl Coll¢g¢ acmss two sit¢5, Sw)p￿illg youn8 p¢opl¢ with their mental health. The proj¢¢i offers a drop in for refrtred swd¢nts and a range of artiNities offered io op¢n discussion about mental htslth. Bezhlll Yowth ProJ¢¢t IBYP) With the ongoing support of tbe St. Andrews Trust, the Ilexhill Youth Projcct ¢t)t)tinved to provide two youth s￿$10￿$ p week for r¢f¢rr¢d s¢roDdary school aged young people irt Central Bexhill. Over the lasi year, attendance at the group in¢reas¢d by CODSi5tently in doubl¢ figwes and the youug people attending took part in a range of commllnity aclivilie5 such os ihe annwal Children in Need fund1315u, $upportjn8 the Bexhill Carnival evellt and a silent disco ￿a￿l ¢1¢4ts. Th¢ youts8 people also planned and d¢liv¢r¢d their events using the skills of their p¢¢rs to celebrate Chri5tTn¥s. The achievement of AQA5 giv¢s fijrihcr rewgnition tsf th¢ ¢fforts of the people involv¢pporninity for turc cmployers lo scc th¢ pot¢niial and cojnmitment that yOUll8 pe4)pl¢ have 8iveD to even15 ill their ¢4Mnmunily. In consultaiion wilh ih¢ young peopl¢ aliending the BYP, tb¢y reported.. Improval wellbeing - Gait)ed new skills and knowledge More confident in COTllwDunitating with other5 sn ttleir community - Felt 5¢WTe in bcing able to shar¢ Iwth qtaff any issucs they had r¢lot¢d to Areas $uch &8 wellbeing* mental health and r¢l3tionships Yothh Voice Young people from ihe BYP hav¢ played 2n instrumental part itl the development of a )Thith strategy for Rother by devising the eDgag¢rn￿t with young people Ln thc districi and ¢￿designing th¢ Survcy Monkey qu¢¥liimnaire and guidance on where to engagc the targct audi¢nce. Thi8 led io a rc8pon8c frorn over 750 young PC￿1¢ from a¢rtyJ$ iiother with plans to use the feedback to develop pilor work in areas of the district in th¢ summer of 2024. C*5e Study S ha$ been a long t¢Trn att¢nd¢¢ at Bexhill Youth Pro1￿1 and aitend5 a high proportii)n of Ihe sessLon5. Through some of the projects i.¢. fiJndraisiDg> S ha$ taken a central rol¢ contactillg btssiness￿ and collecting dotlations. Th¢ expericnces S has tsken part in arc evidenced by th¢ AQA award5 gained. These awards w¢re compil¢d on a CV produced wilh a BYP worker. Due to pr¢wious fundraisillg ill M¢Donalds as a ChildreTh In Need partner, S is knowrL to there aDd ha5 bcen offered emplo)Th¢nt wh¢n tllTnitt8 16 years old this ￿ar. HEALTH AND WELLBEING H¢alth and Wellbeing Community Hub5 The NHS Integrated CaT¢ Board continued to support the work of FSN'S Hubs in St Leonards and Flollington, alth[￿sh it was athiowl¢dged ihai Ihe pressure l)n NHS bjdgets would be likely lo impact on fvture fvnding commitments. Page 6 THE FELLOWSHIP OF ST NICHOLAS REPORT OV THE TRUSTEES FOR THE YEAR FNDED 3] MARCH 2024 Through the partnership wvrking EducatioD Futuw Trust and The Pelham who lead on the other Community Hubs in Hastin85 and Btxhill, an infographic was d¢5ign¢d to indicate the added value brought into the communsty and ih¢ numF*r of p¢opl¢ SUPPOTted ovtt the last three y¢ar5. This includd.. - An addilional £3.603.484 across th¢ pann¢r.%hip to 5UPPOrt Health In4ualities over thr¢¢ years - 97 d¢tive volunteers in the lÈst year . An averoge of105 volullleer hour5 w¢¢kly across the Hubs in th¢ last year FSN was also involved in a numE*Y ol Slrategic Healtb IDe4ualities NeLwork5 such as the Hastings Unive￿7 Hcaltheare project and th¢ East Su55ex VCSE Mental Healih network where FSN Wds featured iD a Tnonthly newsletter outlining thc w¢llbein8 support offcted for the community. As part of the offer of the Hub. FSN wa$ able to offer appointments with Dcniaid, thanks to thc support of the local Primary Care Network. The mobile d¢n¢al unit attendcd Ihc St Nicholas C¢ntre 51tc twice a month and gav¢ free dental Ireatment to 114 indiTridua]s in th¢ last )¢ar who would ttot Other￿$¢ have acce￿ io a dettti$i IIKally. VoluDteeTing FSN wollld b¢ unablc to offer the lange of servic¢s and proj¢¢ts wiiboul the faniastic commitJn¢nt and support of wr volunte¢rs whts offcr their valuablc timc in our Centre5 as w¢ll a5 SUPPOrtin¥ proj￿t5 such as Menial Health and B¢r¢aV¢￿ent. PACT and youth scrvices and leadin8 on group support $u¢h a5 a weekly computer diop in and coffee and that. In thc vo]untttt lcd groups, over 175 hours of s¢s$ions were held and 50 p4rti¢ipants beAefittyl. One Coffee and Chat attend￿ said.. "They are lovely people. aThd... &re #mazin8. It's nlce to meel people and have A ¢h#t' From th¢ annudl volunteer survey in June 2023 Ye￿.. lo￿/. tsf those wbo responded said that they rtteiveil support wh¢tt needed a#d learned from oiher volunte￿5 and stsff - 930/0 felt that ihey w¢r¢ doing somcthing rn¢aningful - 800/0 r¢ported in¢reascd sclf-C4)nfiden¢e - 730/y teported iner¢ased wellbeing On¢ volunteer said.. 'Over the 6 years I've bee￿ beTe My Ilfe reAlly ehamged. Dolng voluntary work. I loved meetlng people ADd maklng frlends FSN Is nO￿Judgements1 caring." In total, FSN received the support of 50 volunt¢¢r5 in the last ycar. FSN Pantry Thc dcmand on th¢ Pantry Continued io rise in the lasi y¢at with a 550/• jTh¢rtss¢ In Ihc numb¢r of pylc sUPPOrted with fo(N] and hou5¢hold iicms from the previous y¢ar. On average. 90 families awe5sed th¢ Panty i)n & weekly basis either coming inio the C'.entr4 or through the delivery support to areas with p(Mx transport infrastDJCtur¢ or to families wth additiODal n¢¢41$ 8nd barricrs to a¢¢e35. Page 7 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THE YEAR F.NDED 31 MARCH 2024 Our volunteers who support the Pantry cnable FSN to ensure that the fvnding r¢¢eiv¢d 1$ focus￿ on providing th¢ fotyj artd resources nced¢d by familiL%. Onc of ihe Pantry volunteers Said: "It ha8 been Wtsnder￿ feel )7Th gsset to my Comm￿nIty, especially vlhen it 1$ fac1￿￿ wth hardship." He*lth and Wellbelwg C09¢b The two Health and Wcllknng Ctsachcs fundcd by the local Primary C￿e Nctwork provided non41iDical support including facilitating pe¢r support groups and offerin8 1.. I coaching io ¢li¢nts looking to n]ake lif¢slyle choice5 to tnana8e their long lerni h¢allh conditions. It) ihe 185t )¢ar, th¢ tesm Ttc¢ivrd 223 GP referrals and 150 self-referrals for support. From this. 91 clients participat¢d in I:1 and peer support sessions and th¢r¢ were 260 att¢ndanr¢s at Worksh￿ and progromm¢s rnn by th£ Coaches. 77 people completed ass￿SMentS using the Hcalth Out¢om¢ Star v/ith the folloyryng outcomes w¢re r¢¢orded.. - 76°/ty r¢]￿ed improved lifestylcs - 62°/0 report¢d Improv￿ tsutriiion 680/. felt that th¢y w￿e better able to manage their symplonjs 55ty/o bad in¢reased activity levels 820/• were feeling more positiv¢ At th¢ end of March 2024, 53 ¢lients w¢re Still ba.ng supported. Partttership working is a key aspect of th¢ wpport given with sessions from pharmacists and podiatrists on bl￿d pres511T¢. ¢holcstcrol and f(x)i health. The c￿CheS a150 SUff¢S5fully signp05t and ref¢r to ￿￿tr services including Active Hastings. Otse You East Sussex, Health in MiBd 2nd Fredom Leisure lo help to 5UStain thc inl¢rvcntions. On¢ client said.. IIThe tonversg4ti0rt with }'•urseif w4$ the st%rt of it I think. Like It w#s * line drawn the 52nd 2nd I've #Iso had some othcr htAlth thiny golng completely ynrelAted th*t I have very little control over Y4nd it mAde me reAll$e thot I h8d to take owner5hlp of all the things l could do to help, likt betD% more actlvt and maklng heAlthier cholees. Wlth My Job and being in the office S days i week iD5te4d ol working from hom¢ has #Iso reilly helptd. I've noti¢¢d thgt l choosing to be more so¢i#l ADd don't feel the tteed to withdraw #nd Isolate myself." FAMILY SUPPORT The Hub- T¢mporary A￿0￿mIXiati0ll Pr(ij¢¢t The ¢hall¢nges in the ¢oniinued ris¢ in evictii)ns of famili¢s impacted on ihe capa¢ity of the system, with a knock on ¢ffe¢t to r¢f¢rral$ to The Hub. The complexities of the familic5 were rcfcrred meant thai Increas￿ support was n¢¢d¢d both ithin and ouisidc of the group actimties. This includcd transition inio new accomm(thtion and SOUTcittg fi]nding for fumiture and whit¢ goods those movillg into ￿0￿¢ wmanent bom¢s. Ovcr ihc year. households living IJJ temporary a¢¢ommodation (TA) rose io over 500. putting pressurc on L<*al Authority budgets and availability of #¢commLKlation. In th¢ last year, Th¢ Hub.. Pag¢ 8 THE FELLOWSHIP OF ST IYICHOLAS REPORT OF THE TRUSTEES FOR THE YEAR ENDFD 31 MARCH 2024 - Supported 79 families and 256 individuals - Dcliver¢d 202 sessions - Offered I l outreach sessions including trips during school holidays Case Study Single Mum living in supported mother and baby unil referred by a sUp￿rt worker. Mum presented as isolat￿, with Si8nifi¢anl mental health issues, stsuggling to sl￿laI￿Se and tonc¢rn¢d about her Tcadiness to live independently. Shc had also been the victim of historic domestic abuse. Following regular attendance at The Hub, Mum recetved help from the CAB, attended her GP appoinlment for a ]nenlal healib review. took parl in FatDily and Adult L¢arnillg and supported by The Hub teaTn on healthy relatiorlships and boundaries. When Mum moved into h¢r p¢m)an¢ni accomm(xlation, FSN was able to source ￿ttd1ng for fuTThishin8s and referred her lo the Pantry 10 support with fo￿￿. She also rec¢iv¢d tyansition support to indcpendtDt living by FSW$ Spccialist Eatly Year5 Family Support worker. Oulc4)mes achieved.. Reported able to advttate for her$¢lf at h¢r GP and with the housing team, includtng managing her cothicil tax account Ref¢rrcd herself to th¢ priority register for utilities Feli able lo siart runDing again which helped with her anxiety and tnental health Planning to rettkrn to studylwork once her Child is in education Th¢ Housing Outcomc Stai ¢otttinued to used over the last yedr alongside the Intr￿uCtIon of the bamily Support As%55mcnt T4)ol u%LY] by the L(*al Authority for their Supponit)g Famili¢s piogramm¢. The tool f(Kusc5 on 10 themes and thc TA Hub work supports SOTn¢ of the themes illrluding, m¢nMI and physi¢41 health. gwd &￿lY ￿$ d¢velopment. family r¢l8tion5hips and finat)¢i81 stability. From the Housing l)ut¢ome Star aSS￿8M¢n￿'. IOOO/ts of those who compl¢¢ed the a55essmeni$ said that th¢ir over811 wellbeirtg had Tmproved 86D/* rcported that th¢y felt le55 anxious and isolat￿1 The Beha￿Ollr Research proicct undertaken by ShetTJeld Hallam Universily worked wilh ra￿11leS to identtfy th¢ barrier8 to access atjd to find solutions to cngage famili¢s earlier. This led to th¢ planning of a promotional Vid￿ whtch wo$ commission¢d by FSN and dev¢lopcd and filmed by scrvict users. The video was shared with a range of referrers including ihe Housing Tedrns and led to a 410/0 in¢re&se in referrals in comparjson to th¢ pr¢wiuus year. FSN TA Hub on Virneo Wjib thc swort of funding from the NHS Health Inequaliti¢s Fund, a M(Iving On, Moving Up cours¢ wa5 devcloped io support famili&s Tnoving into pcrmancnt accomtnodation to understatsd budgeting and fitian¢¢s. The course successfvlly supported two cobons of families with one participant telling us.. "I fe¢1 more confid¢ni Trvlth D￿neY e5pe¢i*lly uDdÈr$¢*ndiDg credAt st•r¢s. I allo O￿lled a savADg$ siThce stlrtiug thls tourse" PA￿ (Parents Children Together> Pag¢ 9 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRIJSTEES FOR THE YEAR F.NDED 31 MARCH 21)24 During the year, PACT continued to offtr two 5trand5 to th¢ proiccl. the volunteer pew 5UPP(*t ir&it)ing and th¢ droTrirt 8roups for faTnilies with pre-school childr¢n. The 1&51 ycar saw PACT recruit 12 parenV¢arers wyth over 6￿/￿ cornpleting the training and gaining tbeir qualifiution. The Suttess of th¢ course hag led 10 three of the volunteers from ihis year gaining emplosrynent, with WhOtFJer m existing voIuDte¢rs also going into employmenl 41Ad one MO>￿8 illlo a differen¢ volwilcuing Tole. In the last year 51 fatnilies were 5UPPOrted by PACT and from thos¢ who &tt¢nd¢d, 840/0 attcnded the Pafftty 32Y. aitended ihe Family L¢8rning ci)urses offcred by FSN. The project uses thc larly Years Outcome Star to measure out¢om¢$ for parentlcar¢rs attending PAcf and in the last year.. - 81V/o of parents reported reduced feelings of isolati - 85fj/o reported increased emotional wellb¢iDg 80/0 reported incre4scd ¢oThfidencelresilience or the childrcn, parenrlraTers completed an East Suss¢x County Council language ¢h¢¢ker, as well as the child d¢velopment $￿tIOn of th¢ Eatly Years Outcome St8r. 80/D of par¢nt$ reporte(J improvement in their childs ph)Fic41 and s￿]&1 development from att¢nding the PAcf group ssion5. A par¢nt with a child additional nttd5 5did.' "Whtn I first tame My son W0￿d￿'t go to #rtyone. or slt At the t4ble for 5llatk time that all ¢h*nged t(#Jgy when he at the thble wlth the other clthdren. I was bappy." Early Years Sptti*llst F*mlly Support Worker In February 2024. FSN Trustees committl "I found hO￿￿g a theme w*s a good springboArd to grt st*rted. It Interesting seeing the dlffereDt Styles Ihat emerged. Very relaxlng grollp. The course his enibled myself to gain frlertd4 confidente Skills by worklng *longside mv p¢¢r$ Improslng my Sense of wellbeing at the san￿ time I hgvt learnt 5kllls by improvising #rtd applying variou$ *rt TDethods using the too15 that were prO￿ded by the tutor of the art course. Also, the ttsour¢es were very useful for myself And I have enjoyed the art for Wel]beiDg tourse tremehdou51y" "It was 4 lovety courtse. $uch fun And ¢nJo)'*bJe. Very warm And friendly tutor. Able io ¢rtate some 14t¢re$tlng pleee6 of work wltb posldve prAl$¢ lor it. Has been a gr¢*t time" An and CrAft for Wellbeing course participants "A friendly weltoming place wt both felt cfjmfortable to thts eourse. we partitul•rly ehjoyed the lurnk modelling weeK I wlll do this at htsrne wlth 911 of my ehlldren" Family LeArnill8 Parent.- Levs CJO Play coursc Skills And IArning in tbe Communlty {SLIC) Pag¢ll THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THE VF.AR ENDF.D 31 MARCH 2024 FSN$ involvement 85 a m¢mlxr of a l(Kal group of adult learning proVid￿s, otT¢Fing a range of ¢ourses for pwpl¢ fi￿h¢st gway from fornial lurning opportunsiies cotitiEiu¢s_ The vbiect8 Ot. SLIC are thc 8dvanc¢Tn¢nl of eduulion of the public i Suuih East Ettgland. in particular but without limitation ID the rcgion of East Susscx. The ¢hallenge of sourcing fvnding fnr adult learning has irt¢rused as the Skills Funding Ag¢nLy chattg￿ their guidan¢¢ which impadcd Im thc (pportutsities for Smaller proNTrsion$. To support the group. a volunt¢¢r from the Cranfield Trust worked wilh SLIC to identify roles and Tesponsibiliti¢5 anil to agrc¢ pnoritics fur the Orgo￿lS&t1on. As part of this, Membcrs agT¢¢d th¢ vision Statem￿lt for SLiC.' SLIC. enrourages ind¥vidual growrth and c4>Tnmuniry progre8s. creatillg a supportive and inclusive •Jvironment that et)courage5 Cotstittuous learning and t*kill developrnent which leads ts) bironger more rcsili¢nl com]Dunities. In S¢pt¢mkr 2023. an infographic was developd evidcncing thc work of SLIC for adult I￿rners. Over l(HX) learners were supported with 60/0 goin8 ontt> volunteering and of those we were inforni￿ of. IiP/o going into emplo)ryn¢nL FuDdr*l$lng FSN is registered th¢ Fundraising Regulator and complies with regulatory stsDdards for fi￿draiSIng x¢tiviry. adhering to the relevant Cod¢ of Practice. FSN did not engage any fimdrai$ing servicc proNudcrs in the last year. FSN continues to operale a low rost Lottcry as part of our filttdraising strategy for our Dra81)nflie5 b¢r¢av¢menl proje£l. A complaints policy Is in place which explaiDs the pro¢¢dure on how an ittdtvidual can complain, along wryih a policy io prolect wlnerable peqble and we r¢c¢iv¢d no c(>mplaints in T¢gard io its fundraising effi)rts Jn thc last year. FSN is also gncd up tt) th¢ Fundraising Preferenc¢ Servic¢ to enable individua15 to opt froTn r￿c]ving fuudTaising com¥nuni¢aiions. Pmbllc benell¢ FSN haire refcrrcd to thc C.hority Commissis)n's public benefit guidan¢¢ wh¢n reviewing its aims and in planning fijturc activities to ensure it is supporting disadvantsged cbildreTh, young people and f4uiilies by pro￿]ding fvrtd¢d and free ¢tivities and 5ervi¢cs. STRATEGIC REPORT TrgDs8ction5 Flngneial positiort The Siat¢ment of Finanrial Activtties on Pag¢ 18 shows that exp¢nditw¢ on UnrestrLLtrd Fund$ was met by in¢ome and in line with the management policy adoptcd by th¢ TTUSte¢$. Tangible Fixed Assets of the Ch4rlty The mov¢ment in fixed assets duriDg the year is shown OD Page 34. Pag¢ 12 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Finan¢laJ re￿¢W Reserves The Trust¢s hav¢ examined the requirements for free reserves which are those unrestricta fi]nds not invested in fixed assets. The aim of FSN'5 w(￿k 15 for all projects to s¢lf_fvnded, itt¢luding att 211owan¢¢ for rhe Cosi of r¢levan¢ core staff time. The of project5 is monitored on a regular basis through a detailed cash flow forecast up to six rnonths in advance. The policy of the Tnjstees is io build re4erve8 to assist tOW8rds new projects and to cover any unforeseen expendibjre by meaos of prud¢ni managen)ent of invcstrnent assets io ensure there is sufficient liquidity available to finance the charitls work *t all titnes. A5 at 31st March 2024, tht general fimd (fr¢¢ r¢s¢rve5) amountcd to £112,229 whilst othcr d¢signai¢d reserv&4 amounled tsTr £1.183,737. Futhre plans Thc Board of Trusices are committed to ensur¢ that there are opportunities to USC surplus unrestricted funding as well os fi￿draiSe to pilot work identifi¢d as smice5 Struggle to meet the need and families present with COTnplex needs. At the Tntstee strategy day F¢bTw 2024, Trustees agr¢¢d on the following proie¢LS and arfivity.. - Chang¢s to St Nick's Nurs¢ry ¢0 tneet the new Government ¢hildcar¢ p)li¢y whilst ensuritig tbat our mosi disadvantaged children have aGrcs5 to quality early Itatning and educ%ltLOtI Family Support Work prioritising farnilics attendin8 FSN nurseries - swnm¢r/AutUn￿ tenn transition work from Primary to Secondary school for neur(NJiveTse ehildren - Consultation work with wung people to support thc 10-y¢ar wsion for Town5 initiative in B¢xhill - Dcvelopmenl of a JDung person led proje¢1 supportiug their peers wilh barriers to accessing emplo)rneni and training - Providiftg wellbeing activities for families with young peopl¢ al risk of exploitstion FSN Continue with the refvrbishmcnt works during ihe Summer tsf 2024 at the St Nicholas Centr¢ focusin8 on the inside of the building with redeeoraiii)n. ¢atp¢ting and lighting. FSN will ¢ontinu¢ to enga8e in a whol¢ systems approach. working in partnership with stswtory and Yoluntsry sector agencies espe¢ially ITL Telation to safeguarding, iThleBraled c2r¢ leam$, mcntal health, infomation sharing. as well as influ¢n¢ing 5tratrgic plans for the arca in our rolc ￿t￿ th¢ Hastings Community Network Executive Committ¢¢. Trustees and s¢nior managers know that sourcing fijndittg 1$ becoming ever more ¢hallenging as Trusts aDd Fowidation5 r¢vi¢w their siralegie$ attd income thr¢sholds oftcn mean FSN may not be eligible for ￿rtdIng. lowever, w¢ ¢on¢inue to strive to ensure that ar¢ abl¢ to provide quality servi¢es for the chilthen. young people and families in the local area. Page 13 THE FELLOWSHIP OF Sf L¥ICHOLAS REPORT OF THE TRUSTELS FOR THE YEAR F.NDED 31 MARCH 2024 sTRUCTi￿E. GOVERNAf4CE AND MANAGEMENT Governanct & M*n*gem¢nt FSN reviews Lis aijns, obj¢rtive5 and #ctiwri&s each y¢ar. The review IIK>ks at what ha5 Ixtn achi¢v￿ and ihe outcomes of th¢ work in Ihe previous 12-month P¢Ti￿. Thc rcvi¢w also helps to cnsure FSN'S aim5 and thj¢¢tiv¢$ remain focu5cd on the slated purpose. To sllpport this. Trust￿$ hav¢ underiaken visits to the majority vf projws and $¢rvi¢es over the last yvar. ￿￿kIng to staff and providing repons to the Board along with any re£￿￿endationS. Trusiees addititsndlly monitor the targ¢ts of the charity against our thre¢-y¢ar strategy. In the last yeat Trustees agreed thal tliese had b¢¢n PTogr¢5sed cffc£tively and cuTT￿lIY FSN is on track to ¥chieve the siralegic goals. In November 2023, the Chair of Tru5tee5. P¢ter Ctr¢as sadly Mired due to ill health. pd¢r had Ix¢n inyolved with FSN since 1978 fir51 a5 8 hous¢ visitor through to becvming a Trustee and then taking OD th¢ rol¢ of Chair. His cojnmitnjent tyDd d¢dicaiion to the charity was valued and r¢4p¢¢t¢d by bi$ fellow Trustees, staff and colleagues aod he be mJ5scd. As at 31$1 March 2024. FSN ha$ a Board of I l Tru51e¢s and 2 COvOPted Trnstees who have experience and knowledg¢ in arvas $u¢h as early years, reg¢atch, Goi'crnance. HK ctlarity a¢£i>unts, cqualities and safeguarding. Thc Board me¢t bi-montlily and hold att annual strategi¢ plan￿illg day. Tru5tee5 With cxpericn¢e and iNr¢rcst also aitelld SulhC¢)mmittce meetings for Finance and Personnel matiers. Sub-committtes have d¢l¢gawl authority from the Board ts) make decisions in support of tbc orgartisation. The FSN'S Board m¢M￿r5 are.. - Peter Carcas- Chatr (retir¢d Nov 20231 - Cllr. Judy Ro8ers- Viceihair (Chair frorn Nov 20231 Richard Cuff - Vic¢-Chair - Johtt French - Trusur - Rev'd Martit) Harper - Janet Wyalt - Gary Mdtrioti {resi8ned S￿1 2023) - Roger Eli - Geoff Longmire - Marv Osman Ilayley Thoma5 - Anne Austen (efropt¢d March 2024) - Nig¢1 Lloyd Ic(wted Mar¢h 2024) FSN President. Moilic Green MBE FSN Patrons= - Andr¢w Blackman LoTd Li¢w¢nant of Eth Suss¢A - Barolle55 F￿k¢S DBE DL - Th¢ Rigbt Reverend Dr. Martin WaTDer MA PhD Managemenl of the Charity is delegated to ihe Chief Executive who is also tb¢ S￿c￿TY for the Board and the staff team. FSN employs: 13 fv11 lime staff, - 49 part-time Staff, 3 sessii>nal Staff, Pag¢ 14 THE FELLOWSHIP OF ST f41CHOLAS REPORT OF THE TRUSTEES FOR THE YEAR EPIDED 31 MARCH 2024 - 3 ttrtor5 and 5 Assessors. Durin8 the year FSN received supp(*t frorn 50 volunteer5. Audi(or5 Auditors ar¢ appointed at FSN'5 ACFM. In 2023, the AGM w2$ held ot) Monday 18th September. Al the meeting, Aruity Professional PaTtn¢r5hip wcre appoint¢xl as auditor5. FSN'S 2024 A(iM will ￿ h¢ld on Monday 23rd September. Rl$k mallagement As parl of FSN'S Board of Trusiees annual stTatsgi¢ plajning day. the Cbief Executive tab1¢5 the Risk M#n#gem¢nt plan for discussii)n aJ)d approval. This T¢V]￿s Ibe major risks thal the Charity may be exp￿ed to and identifi¢s Control njeasurts that mitigat¢ the risks. The plan is a5 a WQTking dLKUm¢llt and reviewed and updated as necessary. Trustees aT¢ adwscd by auditors of any imp¢Trding changcs and rcportin8 procedures. REFEBENCE AND ADMINISTRATIVE DETAILS Reg15tered Company number 00371615 (England and Wales) Registered Ch*rity number 208446 Reglsttred offi¢¢ St Ni¢holas Centre 66 London Road St lE￿ardS on Sea Eist Sussex TN37 6AS Trust¢¢s Mr M N Harper Mrs J Wyatt Mr P R Carcas ChairtJ]an (resigncd 2011112023 J Mr G Marriott (r¢5igncd 1819J2023} Mr R Cuff Vic¢ Chair Cl]r J Rogers (Chair 2011112023) Dr R Elia5 Mr Ci kn)rtgmire Mr J Frcnch Mr$ M Osman Ms H J Thomas Mr N Lloyd {appuintcd 111312024) Ms A Austen (appoint¢d 111312024) Company Secretary M8TERosc Pa8e 15 THE FELLOWSHIP OF ST NICHOLAS REPORT OF THE TRIISTEES FOR THE YFAR ENDFD 31 MARCH 2024 REFERENCE AIYD ADMINISTIL4TIVE DETAILS Auditor$ AGuity Profr&sional Partn¢r5hip LLP Unit 2.02 Higb Weald H¢) Glovers End Bexhill Easi Sussex TN39 SES Rcwirt of thc trustc directors, on ting a strai¢gic repoTt, approved by order of th¢ ￿#[d of trusttts. 85 th¢ comp8lly 2314.L3.r...... .. . and signed on th¢ ￿rd'S bchalf by.. M5 T E Rose. Secretary Pag¢ 16 THE FELLOWSHIP OF ST NICHOLAS STATEMENf OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR EfiDED 31 MARCH 2024 The trusttts (who are also the di[¢￿￿T5 of The Fellowship of Si Nicholas for the pu4N)ses of company law) ar¢ responsible for prepaTing the Rcport of the Trnstees and the finanrial stal¢m¢nts in accordance with appli¢able law and United Kingdorn Accounting Standards IUni¢cd Kingdom ticncrally Acccpled Accounting Praclicel including Financial lieporting Standard 102'Thc Financial Reporttng Standard applicablc in thc UK and Rcpublic of IT¢land" Company law reqllire$ the ¢iu5tees to prepare fin8n¢ial stht¢ments for eath financial year which gi￿ a true and fair view of thc statc of affaits of the charitable eompaAy and of th¢ incoEning r¢sources and dppli¢ation of r¢suurc¢s, includiD8 th¢ income and ¢xpcnditurE of rhe tharitablc company for that period. In prq)aring those financial statements, the tnJst¢¢s #r¢ required to sel¢d suiiable accounliiJ8 policies and th¢n apply ih¢m consistently. ob%eTve thc meih(x15 and principles in the Charity SORP.. make judgem¢nt5 and estimates that are reasonable and ptudellt. stsic ￿thethCr appli¢abl¢ accounting standard5 have been followed, subje¢¢ to any material dep#rture6 disclosed and explained the financial statement5', pr¢parE the fillaneial $18t¢ment8 on th¢ going concern b&sis unless tt 15 inappropriate to presume thal the charitable Company will continue in business. The trust￿ arc r¢sponsible for k¢rping prow a¢￿unting rettwds which disclose with reasonable 8ccura¢y at any time the financial position of the ¢haritabl¢ eompany and to ¢nable them lo ¢nsur¢ that Lhe finan¢ial ststemenis comply the Cothpanies Act 2(K16. They are also responsible for safeguarding the assets of the ¢haritable company and hthce for tsking re4SOndbl¢ steps for the prev¢DtioD and d¢t¢ction of fraud and other I￿¢gu]arIfles. In so faT a5 the tnwees arc aware.. there is no relevant audit inforniati¢)n of which thc ¢haritablc companys auditor5 are unaware- ond the th1st¢es have taken all steps that they ought to have taken io make thernselves aware of any rel¢v8n¢ audit information and to establish that ibe auditors ar¢ aware of that infiymation. Page 17 REPORT OF THE JNDEPENDENf A[￿lTORs TO THE TRUSTEES OF THE FELLOWSHIP OF ST NtCHOLAS Opllllon We have audiied Ihc financial 5t3t¢menis of Th¢ Fcllowship of St Nicholas (the 'charitabl¢ a)mpaThg) lor the y¢ar ettded 31 March 2024 which ¢ompri5¢ the Statement of Financial Adivjties. Ihe Staiemenl of Financial PosiTioD. th¢ Statement of Ca%h Flows and notes to th¢ fiE)aDeial statements, including a summary of sisnifitanl aecounting policits_ The flnancial rq>orting framework thlll has been applied in their preparation is applicablc law and Unitcd Kingdom AccouDtillg Standar(ts (United Kingdom Generally Acr¢p¢￿ A¢¢wniing practi￿), in¢ludittg Financial Reporting Siandard 102 'Th¢ Financial R¢portirtg Standard appli¢able in ihc UK and Republic of IrclaDd'. In our opinion ihe financial ￿ateMents.. give a tnw and fair vicw of thc stat¢ of th¢ ¢h8riiable companls 8ffxir$ as at 31 March 2024 and of its incoming resourecs aDd applicaiion of r&4our¢es, tncluding 115 income a￿d expendilure. for the year then ended. have bcen prowly prepared in accordance Mitll United Kingdo￿ Generally AcccptLui Accounting Practicq including Financial Reporting Siandard 102 'The Financial Rqjorting Sthndard applicable in th¢ UK and R￿UbliC of Ireland,. have b¢¢n prepared in Hccordance with thc r¢quiicmeDts of the Companies Ad 2006. Bgsis for ￿pInIOn W¢ conduc1￿ our audit in a￿ordanl¢ with Internaliotlal Standards on Auditing {LK) IISAS IUK)) and applicablc law. Our rcsponsibiliti¢s under tho5¢ Stattdards are further de5¢ribcd in thc Auditors, respth)sibiliti¢s foT Ihc audit of th¢ finan¢ial statements 5e¢iion of our report. We are independeni of th¢ charitable compatty ill accordan¢¢ with the dhical requir¢ments thal arr relevanl to our audil of the finaJ)ci#l $tsiements in the UK, including ihe FRC'S Etbical Siandard, and we have fitlfjlled our other ￿hical rtspon8ikn'lities in accoTdan¢¢ with these requir¢m¢nts. We b¢li¢v¢ that the audit elrydence we have obtsin¢d is 5uffi¢i¢nt and appropriaie io pro￿de a basi5 for our opinion. ConclusJons rel#tlttg to going concern In auditing the finattcial stst¢m¢nis, we have ¢on¢lvded that the trustees. use of ihe going ron¢¢rn basis of a¢¢owiting tn the preparation of th¢ financial statements is appropriate. Ba8ed on ihe work w¢ hRve pcrfornie4 w¢ h8ve rjot ide2]tified wny material unttrtoiniies relating to wents or conditions ihal. individually or c4)IlectiYely* may cast significant doubt on the thAritsble company$ ability to continue as & going ¢onc¢m for a p¢r1￿ of at l¢ast twclve n)onths from when the financial slatem¢Dts ar¢ aythorised for i$su¢. Our resport$ibilities and the r¢sponsibiliii¢s of the trust¢¢S WAth respect to going u)ncern are described in the relevaot se£lions of this r¢port. O¢her Inform*tioD The trustes are responsible for the other ittf4xmation. Th¢ oth¢r infonmation comprises iht inforniation included in the Ajjnual R¢port, other than the finatt¢iaS statenients 3nd our Report of th¢ Independent Auditor5 thereon. Our opinion on the financial sratemwts dees not cover the other inforrnation and, except to the extent otherwise ¢xplicit]y stated in OUT report, we do not express any form of assuranc¢ Gon¢lusion thercon. In connection with our audit of Ihc f5nancial ststem¢nts. our respon5ibilily is io read the other inforniation artd, in doing SO. CODskder wheihcr the other infomation is matfflally incon5i5t¢nt wryth th¢ finaneial stat¢ments or our knowled8C obtained in the audit or othcNYse appear5 to be mat¢rially misbiated. If we identify such material inconsisientics or apparent mAt¢rial mis5tatemenis, we ar¢ required to deterniirte whether thi5 gives rjse to a material misstatemettt in th¢ finan¢ial statemenis then)selves. 1£ based on the wurk we have perfimned. wc conclud¢ thai thcre is a n)aterial missiat¢ment of ¢hi$ other infomation, we are rtqUiT¢d to rewt that foa. We have nothing to report in thi$ re8ard. P#ge 18 REPORT OF THE INDEPENDEYT AUDITORS TO THE TRUSTEES OF THE FELLOWSHIP OF ST JYICHOLAS Matters on which we are required to report by exttptlon We have nothing to r¢port in rc5PCCt of th¢ following matlers wher¢ the Charities IA¢¢uunt5 and R¢￿ts) Regulations 2008 requir¢$ u5 to report to you if. in our opinion.. the infomiaiion griv¢ft in the Report of the Tn￿¢¢¢$ is inconsistcni in any matcrial respect with thc financial statcmcnts; tbe charitable company has not kq)t adequate accouDtin8 re¢ords.' or the financial 5tatemenls are Doi in agreement wth the acc4>unting records and returns. or we have not receivd all tht information and ¢xplartaliuns we requiic foT oiii audil. Responslbfilltles of trustse8 As explaintd more fully in the St3t¢m¢nt of Trn5tee5' Responsibilities. the trustees (who or¢ also the directors of the hariiable company for Ihe purposes of company lawl Hre r¢sponsAble for ihe preparation of the fin3ncial statements and for bcing gattsfied that they give 2 true and fail view, and for such internal control as the tru5t¢¢5 ddermine is necessary to enable the preparatii)rt of financial slatemenis that are fr¢¢ from material rnisslaiement, whdh¢r du¢ lo fraud or error. ID prwarin8 the financial 5t&tements, th¢ trustets are responsible for 8ssessing th¢ Charitable comp8nls ability to ttsntinue as a going concern, diwlosing, as applic4bl¢, matters related to going concern and using the going concern basis of accounting ￿nI¢s$ the trustees eiih¢r intend io liquidat¢ th¢ ¢h￿1[ab]e Company or 10 c¢as¢ operwiions, or have no rcali$tic altemotive ￿￿t to do so. Pag¢ 19 REPORT OF THE INDEPENDENf AUDITORS TO THE TRUSTEES OF THE FELLOWSHtP OF ST NICHOLAS Our responsibilities for the #udit of the fI￿ncl#l $tstements We have been appoinlcd as auditor5 under Section 144 of th¢ Charities Act 2011 rwort io accordaDC¢ with the Act and relevartt regulations madc or having ¢ffed th¢reund¢r. Our objectiv¢s Are io obtain reasonable assurance aFKKJt whaher thc financial staiem¢nl$ as a wholc are frcc from material misstatetnent. whdher due io fraud or ettor, and lo issue a Report of the Indcpcndcnt Auditors that includ¢$ our opitiion. Rca50n8bl¢ assurance is a high level of assurante, bul is not a gllarant￿ that an audit condu¢ted in a¢cordancc with ISAS (UK) will alwa)s delect a material misstatement Trth¢n il exists. Mi55tst¢m¢nts Can arise from fraud or error and aTe consideriyj mat¢rial if. indiTridually or in the aggt¢¥ate, they could F¢a5vnably be expected to IDfluen¢e the economi d¢cision5 of usus takcn on th¢ b38is of these finon¢io1 siatemeDts. We have assessd the suscq>tibility of th¢ entit)Is financial State￿¢￿t5 to material misstatemcnl. 1￿cluding how fraud might O¢¢UT, as Ii>w by way of ¢nquiry, ptior knowla8¢ and curr￿1 ytar analytical T¢￿tw and ¢vAfin8 We have enquired management 2nd those chargcd with governanc¢ to obtain an under8tanding of ikne legal an regulatory framework applitablc to thc entity and through OUT audit icsiing, our finding5 have confirmed that the entlty IS complying with tlic relevan1 fyamth￿￿rkS We hoye enquired wilh manageTn¢TJt atld th￿¢ charged Hllth 8overnanc¢ to obtsin an understanding of thc cntitys w>li¢ies and pr(Kedures relating to ¢ompltanc¢ with la￿ and re8ulation5. Throllgh our t¢5ting* we have review¢d 811 relevant d(Kurn¢ntation and conkn that there have I￿1 no instancts of non- cornplian Through enquiryy analytical review, walkthrough tesiing and subs¢#ntiv¢ testi2Jg we have obtained an under5tattdin8 of the ntitls policics and Pr￿edUreS th fraud risk8, including knowledge of any dclual, susp¢ct¢d or alleged tra￿d. We have confirnied that ihe ¢ngo&ement t¢am ¢olleeiively had the appropriat¢ compden¢¢ 2nd e4pabilitie$ to identify or rccognis¢ non-complian¢¢ with laws and regiilations and fraud Becaus¢ of ibe inherent limirations of an audit. there is a risk that ￿ ￿ryI1 tjot detect all irr¢gulzritie5. in¢lllding those leading to 3 JDaierial misstaiemcni in th¢ financial staicn]eDiS or non-COnU)lian¢¢ with regulation. This ri8k incr¢ases the njore that complianc¢ a law or rcgulalion 1$ removed from the evenis and tTansacli()ns retl¢cted in th¢ finan¢ial statcm¢JJts, as wc will bc less lik¢ly to becorne aware of in812nces of n4Jn4ompliance. The risk is also greater regardin¥ irregulariti¢s occurring due to fraud rather than error, as fraud involves inicntiixjal COTJc¢alm¢nt. fwgery, ¢011￿810￿. oniis8jon or llllST¢presentalion. Li5t¢d aFxThe is lh¢ ¢xlent of prwedures we havc tak¢n to deteci mai¢rial t]]isstatern¢Di$ in respeci of irregularitiE5, ineluding fraud, to which ￿ have found no in$tan¢es. A fitrther dcscription of our r¢spott$Èbiliiie5 for th¢ audii of th¢ finatt¢ial sialemenls is lrtatcd on th¢ Firtancial Reporti￿8 Council's w¢b8ite ai www.frc.org.uklaudJtsxsr¢sponsibilitits. This dcscriptiott fornis part of our Report of th¢ Jndependent Allditor8. Pag¢ 20 REPORT OF THE INDEPEf4DENT AUDrroRS TO THE TRUSTEES OF THE FELLOWSHIP OF sr MCHOLAS Use o(•ur report This report is made svl¢ly to the rharilable Lompanys trustees. a5 a b(MJy. in accordan¢¢ with Part 4 of the Charities IAccount$ and Repons) Regulaiions 2008. Our audit work has been undenaken so ihat w¢ might stat¢ to th¢ charitabl¢ companls trustees those matters we are required to state to them in an auditors, report and for rjo other pry. To the fullest ¢xi¢ni p¢rn)iii¢(f by law. we do not acccpt or assume respon$ikn"lity io anyime other than the chaTilablc company and the ¢haiitable cornpattsls trusie¢s a$ 4) b(NJy, for our auth't work, for this report, or for the OPiDiOnS w¢ hav¢ formcd. Rachel Taylor FCA foi and on bchalf of A¢uity Professional Parthership LLP Eligible to ad as an audilor in t¢m)s of Section 1212 of thc Companies Act 2006 Unit 2.02 High Weald Hous¢ Glov¢r5 End Bexhill Easl Suss¢x TN39 SES Date.. 25.09.2024 Pag¢21 THE FELLOWSHIP OF ST NICHOLAS STATEMENT OF FIN'ANCIAL AcfiviTIES FOR THF YEAR ENDED 31 MARCH 2024 2024 Total ds 21123 Totsl funda Unrestrltted fund5 R¢stri¢ted funds Nfjtes INCOME AND ENDOWMENTS FROM Donation4 legacies & grants 12,788 266,601 279,389 531,530 Charltablt *ctivltle$ Childcare Family 5UPPS CARRIED FORWARD .29S,967 574JlS 1,870,782 1.918.236 The nol¢s form part of thcsc finaTh¢ial statements Page 22 THE FELLOWSHIP OF ST NICHOLAS STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 21123 Notes FIXED ASSETS T8n8ibl¢ 0sS¢ts Invesimcnts 14 977,033 8&467 1,(106,816 90,113 ,1I65,51)0 1.096,929 CURRENT ASSETS Debtors Prepaymenls and aGcrucd incom¢ Cash at btnk and in hand 16 20,158 24,093 870,460 861,294 89(1,618 885.387 CREDITORS knounls falling du¢ within one ye4r (45J36) (24,080) r4ET CURRENT ASSETS 845,282 861.307 TOTAL ASSETS LESS CURRENT LLIBILrriES 1,910,782 1,958.236 CREDITORS Amouthls fdlling due after mor¢ than one year 18 (40,IMX)) {40,000) NET ASSETS 1.870.782 1,918,236 FUNDS UJTrrestri¢t¢d fund5.' General fvnd PT(y¢riy fund PTOjCCt dcv¢14)Ptncni hnd HR R¢serv¢ Early Years Fund 21 112,230 1.048,737 50,11110 60,000 25,1)00 100.000 1.064.754 50.OIX) 50,0(N) 1,295,967 1,264,754 R&%tricied fuods.. Rcstri¢ityJ 574015 653.482 TOTAL FUNDS 1,870,782 1.918.236 The charitable company is entiiled io exemption from audi¢ under Sectii>n 477 of the CompaAiC5 A¢t 2(K>6 for the year ended 31 March 2024. The notes foErn part of thex financial statements Page 23 continued... THE FELLOWSHIP OF ST NICHOLAS STATEMENT OF FINANCIAL POSITION- eontinwd 31 MARCH 2024 Th¢ m¢mbers have 7)ot deposited notjce, PUTsuant to Section 476 of the Companies A¢t 2￿6 rLNuirillg an audit of these fAnan¢ial statemen¢s. The In￿ett acknowledg¢ their respon8ibi]ities for (a} ensuring th&t the charitsbl¢ ¢ompany k¢qb5 #¢¢OW)ting record5 thai ¢omply with Section5 386 and 387 of th¢ Conpanie5 Ac¢ 2006 and preparing financial staiements which givc a true and fair view of thc state of affairs of the chaTi18ble company Us at the end of each financial year and of its surplus or defi¢il fw eoch financial y¢ar ID w£ordan¢e with tbe Te4uirun¢nts of SectiotJ5 394 and 395 xnd which oiherwise comply with th¢ iequirements vf the Lompjnies Acl 2006 relating to financial statements, so as applicable to the ¢haritable company. (b) Thesc financial statements ha￿ b¢¢n audited ulld¢t the requirerneDls of Section 145 of the ChaTlties Aet 2011. The financial statements were approved by the Iloard of Truste￿ and authorised for issue ort alld were signed on its tKhalf by. CllrJR ¢r$- Tn￿tc¢ The notes form part of th¢s¢ financial stalernents Pag¢ 24 THE FELLOWSHIP OF ST NICHOLAS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 CAsh Ilows from •peratlng acti￿tIeS Cash Beneraied from operations 9.166 266,375 Nei cash provided by operatlDg activities 9,166 266,375 Cosb flows from Investing acti￿11¢$ Pur¢hase of tangible fixcd awts (34,910} casb providcd byl(us¢d in) Inv￿ting a¢nTrities (34,910} Ch4nge in tash and ¢a$h equlvAlents In the reportittg period Cash e#$h equivalents #t the begiTrDlng f tb¢ repDrtiFJg period 9,166 231,465 861294 629,829 Cash 8nd ¢ash eqmtyalents at th* end of tbe reporting perlod 8711,460 861,294 The note5 foryn part of tht%e fiDan¢ial statements Pag¢ 25 THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE STATEMENT OF CASH FLOWS FOR THF. YEAR ENDED 31 MARCH 21124 RECONCILIATION OF NET IEXPENDITURE)IINCO.ME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 21123 Net l¢xp¢ndltsre)Ilncome for the reportIng period (*5 ptr the Ststement of Fin#n¢lal Aedvltles) AdJM5tm¢nts for: Depreciation eharges Losses on In￿stmentS DeLrease in debiot5 Incr¢as¢ in creditors 147,454) 179,616 29,783 1,646 3,935 21356 33,151 5.865 41,942 5,801 Net tajh provided by operations 9.166 266,375 AIYALYSIS OF CIIANCES IN LYET FUNDS At 1.4.23 Cash flfflv At 31.3.24 Ntt eash Cash at bank and in hand 861,294 9,166 870,460 861,294 9.166 870.460 Debt Debts falling due after l year {40,000} (40,000) {40,0(MI) (411,01￿) Total 821394 9,166 830,46 The note5 fornh port of these financial statement5 Page 26 THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial 51at¢ments of ibe charitabl¢ Lotnpally. wthich is a pubh"c benefit entity under FPS 102, have been prcparcd in accordance with th¢ Charities SORP IFRS 102}'A¢¢ounting and Reportsng by Chariti¢s.' Statemtnt of Retomm¢rtd¢d Practicc applicable to rharities prepaTill8 their accounts in a¢cordan¢e with the Financial Reporting Standard applicabl¢ in the UK and Repvblit of Ireland IFRS 102) (effective l January 2019)., Financial Reportill Stand￿￿ 102 Th¢ Financial Reporting Standard applicable in the UK and RepubliG of ITeland' and the Comp￿1¢$ Ad 2006. The financial stst¢m¢nts havc ￿￿en prepared undcr the historiral cost convcntion, with the excwtion of illvestments whi¢h are Includ￿ at market v￿uc. as modified by the revaluAlion of ccrtain asscts. Tbe Fcllowship of St Nicholas is a ¢haritsble coujpany limited byguarani¢e regi5terd ill England and Wales. Th¢ finaDGial statements arc prepared in sterlin& which is the functional ¢urren¢y of the charity. Monetary amounts in thcse financial slalcmcnts are roLmded to the nearest £. INCOME All incom¢ r¢wur¢¢s ure aneludcd in the Statement of Financial Aciivitics ISOFAI whet] the charity is legally entitled to the iEicome after #ny perforn￿nCe ¢onditiotts have been met, th¢ amount can k measured Teliably and il 15 prolNgble thal th¢ income will be received. For domations to be r¢¢ognised the charity will have been notified of tlie amounts aJ]d the settlemeni da¢e in writing. If th￿¢ arc coThditj(MIS 2llached to the donation and this requires a lev¢] of p¢rforman¢e bef entiUemeJJt can be obtained then the income is deferred until those eonditions ar¢ fully met or th¢ fvlfilm¢nt of those ¢onditioDs is wrythin iht control of the charity and it is pmbtble that they be fulfilled. Donated facilitie$ and donated professional services are recognised in income at their fatr vatue wbcn their ecoTh(xnic I￿nefit 15 probable, il Et measur¢d relÈably and ih¢ ¢harity has control ov¢r the itcm. Fair valu¢ is detemiincd on the ba5J5 of lh¢ value of ihe gitt ts) ihe ehariiy. For example ih¢ amount the charitywould k wlling to pay in the opcn market for Suth facilities and &erric¢5. A corre5pondtn8 a]noiint is reco8ni%d in ¢xpenditure. No amowit is iDclud¢d in the financial staiemcnts for volunteer tinje in line with the SORP (FRS 102). Further detail is given in iTrÈe Trustees. Annwi Report. Whe1¢ practicablej gjfts Jn kind donai¢d for distribJtii>n to the beD¢ficiaries of the charity are in¢ludd in stlxk and donations itt thc financial 5talements upon re¢eipt. If it is impraLtiLabl¢ to assess the fair value at r¢￿p1 or if thc costs to undertakc such a valualion i)ut￿lsh any benefits, then the fair valu¢ 15 recogniscd as a ¢omponcnt of d4)naiion5 when it is distributed ond an cquivalent amount T￿0￿]sed as chariiable expendtlur¢. Gifts in kind donated for r¢b?le are included at fair value, ixing the cxpected pr(Keeds from sal¢ less the expected costs of sale. Where e￿imating the faiT value is practicable upon r#eipt it 15 TecoBnised in st£￿ and 'income from othcr trading activities.. Upon sal4 the vklue of the sts)ck 1$ tharg¢d against'inwmc frot)J other trading actjvities, and the PY￿eedS are recogni￿d Bs 'in¢om¢ from other irading act￿￿tIeS,. Where it is impra¢ti¢able to fair valu¢ thc item5 due to th¢ volume of low value items they ar¢ not recognised in the fir￿8￿¢181 5talements w)til they are sold. This in¢um¢ is reco8Ai$¢d within'in¢om¢ from other trading actlwti￿'. Fixd asset ¥ifL8 ID killd are r¢¢ognised when r¢¢eiv8ble and ar¢ Itt¢lUd￿ at fair value. They are not deferred over the life of th¢ asset. Pag¢ 27 ¢onttnued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STA TEMENTS- eontiThued FOR THE YF.AR ENDTr.D 31 MARCH 2024 ACCOUNTING POLICIES- continued INCOME For Icgacie5, Crttitlement LS the earlier of the ¢harity being nutifted oran Itnp¢lld￿g distribution or the legacy being received. Al this point income is reCog￿lS¢d. On msion legacies will be notified 10 the charity however it is not possible to measure th¢ amount ¢x)xet¢d to b¢ di5ttibuteJ. On these occasions. lh¢ l¢g*cy is treatcd as a wltingent a$s¢i and disclos￿. Incorne from trading act5vits¢5 includes incomc cth)ed frlxn fimdraising evettts and trading activities io raise funds IOT the charity. InfA)mc is reccivcd in exchange for supplyiDg g￿K1$ and services ID order tu raise fvnds ajhd Is rccogni5cd wh¢n enutlcment has ￿¢￿Tred. Th¢ Charity receives Iv¢al governm￿1 gran15 in respect of th¢ provision of childcare (acilitie5. lrtcomc from lornl government aDd other grants aTe reeo8nised at faiT value wthen the charity has ¢ntitlement after perforniance conditions have be¢Th m¢t, ii is probable that rh¢ incomc will bc r¢¢cived and the amount ¢An ￿ measured reliably. If entLtlerTKnt is met theTh th¢s¢ amounts are defrrred. Investmcni in¢4)me is Vdmcd thri>ugh holdin¥ assets for iDv¢5tm¢Di PUtpos¢s such as shaT¢S and propcrty- It irtcludes dividends, interest alld r¢DI. Where it is not pra¢licablc to identify inv¢stment ittana8em¢nt wsts incurred within a ¥¢heme with reysonable accuracy th¢ invesimenl income 15 reported nei of thesc co$t$. it is Includ￿ when the amount ¢an Ix rn¢asured reliably. IntCTL* in¢om¢ is recognised usirtg the cffective int¢rest method divid¢nd and rent income ]% recognised as th¢ Charitys riJ4Y t lo i¢¢¢iv¢ payment is establibh¢d. Other in¢omc includes the conversi(sn of ¢ndowment fi￿oS into income arises when capital funds arc releas￿ to an in¢ome fund from expendable endowments or when a tharity has authority to adopi a total return approacb to its p¢man¢nt endowD]ent fimd. Il also includes oth¢r incomc such as gal￿8 on dis￿1$ ol tangible fixed assets. EXPEI4DITURE All expenditurc is account￿ for Lm an a¢¢ruals b85l5 and has been classified uthder headings that aggregatc all costs related to Ihe c&iegory. Expcnditure IS F¢cognised where there is a le8al or constructive obligation to make pa)ments lo thiid partles, LI is probable that the b¢iil¢menl will be Tequired and the amousjt of Ihe obligation can be m&9sUr￿ reliably. It is cat¢gWiS￿ undcr the fDllothing heading5= Costs of rglslD# lu*d$ includes txpenses directlyrelated to ￿ftd raising. such as advertising a fiwdraising ev¢ni', Expendlturt eharltable activltlts includ¢5 cxp¢nses involvcd in th¢ njnning of cb?rit8ble projects, such as Staff salari¢5; and Otlxer expenditsre represent5 those items falling into the c4te8orie5 above. Irre¢overablc VAT is charged a5 an exp¢nse againsi the ?¢livity for vthich expendi￿re ar05e. TANGIBLE FIXED ASSETS Tangible fixed assets are stalcd al e05t (or d¢emed cosil or valuation less a¢cwnulated depr¢ciation and a¢¢wnulaied impaimeni 108se5. Cost includcs Cltsts dir¢dly attributable to making the #s5¢t capable of ow4tin8 as intended. Depftx2ation is provided on all tattgible fixd a55et$, at rates calculated to write off the ¢wi, less e5timhteil residual walue, of each asset on a systernati¢ basi$ over Its cxpe¢ied usefvl life as follow6:_ Fr¢¢hold prop¢rty l•/0 5tr*lghl Illle Page 28 continuejj... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS- contID￿ed FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- rontiNued TAF4GIBLE FIXED ASSETS Si Nick's Nursery & TTainiEJg Centre Sl Leonards Childr¢n's C¢nlre Fixture5. flttings & equipment Computer equipmcnt Motor vehi¢l¢$ l /• $trAiglLt line ¥Jnd IIV/• 8trAlght itne IOO/• Str*lght Ilne 20•/• StrAlght line 33.33•/• Straight Ilne 25¥J/• 8tr8lght line A property, The Robsack Centre, is managed by the charitable eompony. It is leased from Hsstings Borough C(>uncil. on a 30 yfaT lease endin8 on 18 Jani￿rY 2033, in order lo enable the charity to fi]rther d¢velop th¢ cffecliv¢ness of its cbaritabl¢ work. TAXATION Th¢ charity 1$ art ex￿llp1 ehariiy within the meaning of schedule 3 of the Charities Art 2011 and is consideted to pass the t¢5t5 Set out in Paragraph I S¢hedule 6 Finance Act 2010 and thertforc it meet$ th¢ d¢finition of charitable company for UK corporatlon tax purpos¢s. FUND ACCOUNTING Unr¢stri¢tcd funds are ovailablc for usc at the discretion of the irustees in furtheranee of the general obj¢¢tiv¢s of th¢ charily and whi¢h have not been designated for other purposes. Designaied funds compose unrestricted fvnd5 that have b¢¢n sd aside by the trllste¢s for particular purp05C5. The aim and ￿$¢ of each designxied fijnd is sel out in the note5 lo ibe fill8n¢ial stal¢Jnents. Restri¢t¢d are fimds vthich arc to be used in ac¢ordattce with Specific r¢siri¢tions imposed by the th>nors or whi¢h have Eeen raised by the charity for particular purpos¢s. The cosl ofrasing aDd admini$L¢fLll¥ such funds are cliarged a¥21nst the specific fund. The aim and usc of each spccifiG fund is set i)ut iu the notes to the financial Stalunents.. PEIYSION COSTS AND OTHER POST-RETIREMENT BEF4EFITS Th¢ charitablc company opu&t¢s a dcfined contt1butl￿ pension scheme. Contributions payable to the ¢haritablc companls pension wh¢mt arc chwgcd to the Statcmcnt of Financial Actiwties in the period ro which th¢y relate. DEBTORS AND CREDITORS REcE1VABLE￿AYABLE Debtors and creditors Ivith no stated in¢erest rate and re¢eivable or payAble within on¢ y¢ar are r￿Orded at Iran8t¢tion Pri￿. Any losses arLsin8 fro]n impairnieni are r¢¢vgDised ill expenditure. CONCESSIONARY LOANS Ci>nees$ionary loans include those payoble to a third party which are int¢r¢5t free or ￿loW market rates and are mdde LO advance ¢haritable pu￿oS08. Whcr¢ th¢ ltyan 15 repayable tnore than one year, the loan is initially measured at fair value and tlJ¢ charity has adopta the poli¢y that no provision is made for impairnient or amortlsaiii)n sulL4¢quently. IMPAtRTr(ENT Pa8e 29 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINAf4CIAL STATEMENTS- eon¢lnued FOR THE YF.AR ENDED 31 MARCH 2•24 ACCOUNTING POLICIES- ¢othtittued Assets not measured at fair value are reviewed for any IJ)Jieation thal the asset may be irnpair¢d ai each balanc¢ Sheet Ltste. If such indi￿lI￿n exists. th¢ recoverable amouni uf the &%ty¢t. or the a55et's cash gcnLYaling unit, 15 ¢stimated and collJpar¢d 10 the carrying iUtLOUDI. Where the earr)ryn8 amouDI ¢xff¢ds its rec4)Yerablc , on in)pairm¢nt loss is recogni5ed in profjt or loss unless the asset is carried at a revalued anicFunt where the impairment loss is a revalu>Jiion decr¢a5¢. LMPLOYEE BEP4EFITS When ¢mployees bave r¢nd¢r¢d smice to th¢ chariiyy shorl term employee knefjls to which the ¢mployLXS are eniitl¢d are recogDis¢d at the undiscoUnt￿ amount expect¢d to bc paid In cx¢hange for that 5ervi¢e. FIXED ASSET INVESTMENTS Fixed ass¢t invr51mcnts arc initially m¢asurLMI at tran$artiott pric¢ cxcluding ¢t#n$8dioo CO5￿ 2nd are subscquer)tIy TTr¢asurryl at fair valu¢ ai cach reportin¥ thtt¢. ch￿Se8 ID fair valu¢ are reco8ni%d itt net in¢4)m&llexpenditure) for the )rar. TTansa¢tion costs are expensed as incurred. )NATION& LEGACIES & CKINTS 21124 2023 Gifts and tncome from Inist$ Lcga¢ies 279J89 530,530 1,000 279,389 531,530 OTHER TRADING ACTIVITIES 2024 2023 Pro1￿[ ftes and renis O¢her trading activities 494.886 46,279 384.162 39.474 S41.165 423,636 Page 30 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE F1Tr4ANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCH 2024 II¥VESTMENT INCOME 2024 2023 Interest- deposits 20.518 7.803 ThCOME FROM CHARITABLE ACTtVJTI£S 2024 2023 Attl￿ty Childure Family Support proje¢ts Grants and contracts Grants and ¢oYJtracts 477,268 327.534 438,031 354,581 804,802 792,612 2024 2023 Childr¢n kn Need ESCC - EYEE F.SCC BSCC- Enhattcing ¢x¢lusivc practice HBC Big tthiery Fund- Dragonflics.. 10340609 ESCC- HOA Big Loiiery Fund- The Hub {TA} 20103816 PNC H¢alth Coach National Lottery Comlnunity Fw]d- RC tmdon and SE RegioTh- R¢f. 20229789 &052 477368 63,575 24343 35.013 438.031 41.007 73.702 62,696 5,983 104.534 31348 106,216 66,456 12,711 14.Y32 Variou5 Othet 31,646 804J02 792.612 RAISINC DONATIONS AND LEGACIES 2024 2023 Administration C.0S15 9,029 10,727 Page 31 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINAtYClAL STATEMEFrfs- contlnued FOR THF. YEAR E[￿￿.1) 31 MARCH 2024 CHARYTABLE ACTIVITIES COSTS Swiport costs {J*¢ Dote 8) Direct Costs T•tAI8 Childcaic Fall)ily 5UPFK)rt proj#t$ 909J05 743.565 29,783 939,088 743,565 1,052,870 29.783 1,682,653 SUPPORT COSTS Suppi)rl costs are Ihose that hssist the work of th¢ chariiy Ix]i th) not dircctly rcpresent charitsble activitie5 ?nd includ¢ offi¢¢ ¢osls, governance Costs. administrati￿ pa)Toll Costs. They ar¢ inCu￿ed diredly in Suppori of expenditure on rhe objects of th¢ ehariry and knclude Proje￿ mana8eJnent &￿ie{l our at h¢adquarters. SUPPOrt Costs cannot be dircctly attributd tu particular headings they have beets all(*ated io cost of rajsing fvnds and cxpenditurc oll charktable activities on a bdSi$ consisieni with use of resources. Pi¢mises ovcrheads have becn all￿ated by a ¢al¢ulaiion based on the amount of iirne that art a¢tivity uses a facility and other ovcrhcads havc been allo￿ted oll a slatThours basis. Fllttd-raising costs are those incurred in $e¢kimg voluntary contributiODS and do not include the ¢osts of di&S¢￿Inating information irt Support of the charitsble activiiies. Thc analysis of the￿ ¢olls is included in Dot¢ 7. NET INCOmEI(EXPEI%D￿UHE) incom&(¢xpenditurc) 15 slatcd after chargingl{crediting).- 2024 21123 Dcprc¢iation- 0￿ed assets Auditors, rttnuneration 29,783 5,6(10 33,151 5,340 Pag¢ 32 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS- coDtiThued FOR THE YEAR ENDED 31 MARCH Z024 io. TRUSTEES, REMUNERATIOIY AI¥D BEIYEFITS There were no tn]5tee8' r¢mun¢ration or oth¢r b¢n¢fi¢s f(w th¢ y¢ar ¢nd¢d 31 Marrh 2024 n(Y for the )rar ended 31 Martb 2023. TRUSTEES, EXPEf4sES During th¢ year no tDJStecs [c￿1VLx4 ¢xpens¢s (Nil in 2023). 11. STAFF COSTS 2024 2023 Wagcs and vlari¢5 Social wurity e05t8 Other pension costs 1,061.631 61026 1&429 937.212 56.291 16.130 1.141086 1,009.633 The avuage monlhly number Of employees during ihe year was as follows.. 2024 71 2023 69 Staff No cmploycu rcceived ¢moluThfflts tn exe¢ss of £60,000. Key nwiagement personn¢l r￿nU￿tratiOll the y¢ar totalled £79,510 {2023- £89,03A). 12. EX GILITIA PAYMENTS Rthdancy paym¢nts ID the year totalling £Nil (2023.. Nill. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrt5trltted fu￿d5 Restricted Totsl funds INCOME AND EP4DOWMENTS FROM Donations, legacies & granrs 34,688 496,842 531,530 Ch*ritable 2¢tlvldes Childcare Family supp)rt projects 438,031 352,081 438,031 354.581 2,500 Other tradi￿8 octivities Inv¢stm¢nt inc4>me 411,081 7,803 12,555 423.636 7.803 Tot*1 456,072 1,299,509 1,755,581 Page 33 ¢ontLnued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FIFIAIYCIAL SfA TEMENTS- continued FOR THE YW AR ENDFD 31 MARCH 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continue UDreslricled Re$trlel¢d funds fwids Total fund¥ EXPF.NDITURE ON R*l$lng funds Raisin8 dollations 4￿d l¢gacies 1.516 9,211 10,727 1.516 9,211 10,727 Ch#ri¢¥ble activitiey Childcare Family suppon projects 192.891 193.397 495,818 677,267 688.709 870,064 Total 387.804 1,182,296 ,570,100 Net gain￿(10S9¢SI on investments 15,865} (5,865) NEI. INCOME 62,403 117,213 179,616 RECONCILIATION OF FUNDS Total funds brought forward ,202,351 536.269 ,738,620 TOTAL FUNDS CARRIED VORWARD ,264,754 653,482 1.918,236 14. TANGIBLE FIXED ASSETS Improvemtnts Fiitsre$ and Ilttings Fr¢¢h￿Id property property Cost At l April 2023 and 31 March 2024 902J611 S87,983 63,468 Deprecl*tlo At l April 2023 Charge foT y¢ar 443.746 7,050 73,024 9.671 63,468 At 31 Match 2024 450,796 82.695 63,468 Net book val￿¢ At 31 March 2024 451,564 505.288 At 31 March 2023 458,614 514.959 Page 34 continutyL.. THE FELLOWSHJP OF ST NICHOLAS IYOTES TO THE FINANCIAL STATEMENTS- contlku¢d FOR THE YEAR ENDED 31 MARCH 2024 14. TANGIBLE FLXED ASSETS- eODtinDed Motor vehieles ComputeT equiprnent Totals At l April 2023 aud 31 March 2024 57.634 44,706 1,656.211 Depreciation At l April 2023 Charge for y¢ar 31,451 8,967 37,7116 4,095 649.39S 29,783 At 31 March 2024 40,418 41,801 679,178 Net b￿￿ v#luE At 31 March 2024 17,216 977,033 At 3 1 m￿Ch 2023 26,183 7.060 I,IM)6,816 The freehold pr•perty coD5i5ts 0f:_ 66 EA)ndot) Road. St Leonards on S¢a- which is mainly used lor charitsbl¢ purposes but also hous¢s thini5trativ¢ offices. St Leonards Childt¢n5 Ccntre is Situat￿ on the grounds of 66 Lonikn Road, Si Lconard5 on S¢a. The building and adjoinin8 play are a180 used for charitable purposes. Sl Nl¢k'5 Nursery & Tr#ining Centre Nur$¢ry and tsaining facility- Th¢ St Nick's Nursery and Training Centr¢ ¢onsists of a nursery and outdoor play &r¢a, adjacen( io ihe nursery. on the grounds of 66 Londi>n Road, St Leonards on Sea.The building and play area are used sol¢ly for charitable pu￿0￿. Othtr property'.- Robsack Conu))unity Ccnlre. St Leot)#rds on Sea- The ¢haiit4ble company also manage$ th¢ Robsack Communtty C¢ntre which is leas&1 from HastiD88 Borough CouDciI ai no w5t aDd i$ used for charitable pujposcs. No rent is ehargcd by thc wjncil and ) hotiijnal rcnt of £37,500 is chaTged lo the SOFA. An wual amouot is sh4)wn in in¢orne as a dthjaiion. Other flxtd a55¢t$'.- Motor vehicles are used solely for charitable purposes. Computers and offi¢¢ equipmcnt ar¢ us¢d (or charitable and adminJ5tratiYe purpos¢s. Page 35 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMEPfTS- continued FOR THF. YEAR Ef4DED 31 MARCH 2024 15. FIXED A&SET INVESTMENTS Llsled illvestm¢Dts Market value At l April 2023 Rcvajuations 90,113 (1,646) A¢ 31 March 2024 88,467 et b{￿k v#ln¢ At 31 March 2024 88,467 At 31 March 2023 90,113 Th¢r¢ were no inve51m¢nt assets oulside th¢ UK. Cost or VOI￿atiOn at 31 March 2024 is repyesenied by.. Listed Investments Market value a5 at 31 March 2023 Valuation in 2024 911,113 {1,646) 8&467 Thc inc4Jmc. ￿penseS, n¢r gains and net losses attTibutabl¢ io the Charitys fjnancial instruments are 5ummaris¢d as follows.. 2024 21123 Financial #s$¢ts measured at fair value through net income (Gain1{￿$$) (1.6461 {5,805) Page 36 coniinued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS- coDtIDlled FOR THE YEAR ENDED 31 MARCH 2024 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade delxor5 21b,158 24,093 17, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade tredilors Oth¢r ¢r¢ditor5 A¢¢ruals and dcfcrrcd incomc 29,481 8,771 7.084 18.077 6.IK13 41330 24,080 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 21123 Other loans (s¢e oote 19) 40,IIMI 40,000 It ha% come to the attention of FSN after the balance sheet dai¢ that it is unlik¢ly that the Lojn Thill need repayitig. Further infonnation will b¢ kno}￿ ID due eollrs¢. J9. LOANS All attaliEis of the maturity of ltsans 15 giv¢D bclov. 2024 21123 Amounts fallin8 due in more than five years.. Rep¥yable otherwis¢ than by Ins￿]me￿ts.' Oth¢r loaos mut¢ Syr5 non-insi 40.000 Page 37 cimtinu¢d... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS- tontiDued FOR THE YFAR ENDF.D 31 MARCH 2024 20. ANALYSIS OF NET ASSETS BETWEEN FUIYDS 2024 Ttht•l fmnds 2023 Total fuThds UDre$trl¢ted funds Restricted fulldi Fixed a$s¢t$ Investments Current ass¢is Current liabilities IAJng lerm liabiljties 762,928 88,467 529,908 (45J36) (411.1100) 214,105 9TI,1133 88,467 890,618 (45,336) (411,000) 1,006,8L6 90,113 885,387 {24,080) {40,000) 36ffj710 1.295,967 574.815 1070,782 1,918,236 21. MOVEMENT IN FUNDS Net n)(bvemeDt In funds TrY4n5fers between funds At 31.3.24 At 1.423 Unrestricted funds General fund Pr%)perry fund Projcct devclopment fimd IIR R¢%¢rve Early Years Fund loo.000 1,064.754 50,000 47.230 (16,017} (35,000) 112,230 1.048,737 5U,000 ioooo 2&000 25,1100 1,264,754 31,213 1.295,967 Res¢rl¢ted tund$ Restrict 653,482 178.6671 574,815 TOTAL FUNDS 1.918,236 (47,454) ,870,782 Page 38 continued... THE FELLOWSHJP OF ST f41CHOLLS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR FNDED 31 MARCH 2024 21. MOVEMENt IN Fuf4DS- continued Net rnov¢ment ID fimds in¢luded in the above are as follows.. Incoming resources Resourees expended G#ltt$ •nd Iw$es Movement im fund5 Unrestricted Gcncral ￿nd Prop¢rty fijnd 553,672 1504,796) {16,1117) (1.646) 47,23 {1&0171 553,072 {520,813) {1.646> 31,213 Restrl¢t¢d furtdg Restric￿￿1 1,1192.202 {1,170.869) (71667) TOTAL FUNDS 1,645,874 (1,691,682) (1,646) 147,454) Comparatives for movement fullds Net ovement In fund$ Tr*n$f¢r between funds At 31.3.23 At 1.4.22 Unrutrl¢ted fuDdJ Gm¢ral fimd Property fund Projec¢ develupm•xl fund HR R¢5¢rve 90,298 1.062,053 50,000 73.990 (11,587) (64,288) 14,288 Iw,000 1,0fv1,754 so,000 50,0(10 50,IKIO 1,202,351 62,403 1.264,754 R¢$trlded funds Restricted 536,269 117,213 653,482 TOTAL FUNDS 1,738,620 179.616 1,918,236 Page 39 CL)ntinu¢d... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENTS- eontlDued FOR THE YEAR F.NDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- fA)Dtinued Cofflpatativt nti niov¢m¢nt in SJnd5. illrludtd itt thc urc a5 follows.. InefymiDg res0￿r¢e$ Re50urce5 txpekded Galns And Movement in funds Unre5tric¢¢d (￿ndS Gcneral fimd Prop¢rry filnd 456,072 {376,2171 (11.587) 15,865} 73,990 {11.587) 456.072 1387,8041 {5,865) 62,403 Re5trirtÉd fryttds Restricted 1.299,509 {1.182,296) 117,213 TOTAL FUNDS 1,755,581 {1,570,100) (5,865) 179,616 A cwreDt year 12 monih$ and prior i¢aT 12 months combiJ]ed position is as follows: Net movemeffjt In fund8 TraD5fer$ behveen At 31.3.24 At 1.4.22 Unre5tritted fund5 General lund Properly fvnd Project dfftlopm¢nt fund HR Re5ervc EarlyYc&rs FuDd 90,298 1,062,053 50,000 121.220 (27,604) {99.2881 14,288 112.230 1,048,737 50.000 60.000 25,000 60.000 25,OIK> 1,202,351 93.616 1,295.967 Restrlcted fund$ Restii¢ted 536,269 38,546 574,815 TOTAL FUNDS 1,738.620 132,162 1.870.782 Page 40 continued... THE FELLOWSHIP OF ST NICHOLAS NOTES TO THE FINANCIAL STATEMENI8- ¢ontiDued FOR THE YEAR EL¥DED 31 MARCH 2024 21. MOVEMENT IN FUIYDS- ¢•tttittuÈd A current year 12 months and prii)r y￿r 12 months rombin¢d net movemcnt in fimds, included in the aFx>v¢ are as follows". In¢omlllg r¢sources R¢sour¢es exp¢nded GgirJJ #nd 1055e5 Movement in funds Unrestricted funds General fvnd Property fut)d 1,009,744 1881.0131 127,6041 (7,511) 121,220 127.()04} 1,009,744 (908,6171 (7.511} 93,616 Res¢rlcted fund8 Restricled 2,391,711 12,353,165} 38.546 TOTAL FU]YDS 3,401.455 (3,261,782) 132,162 Pa8e 41 ¢ontinuciL.. THE FELLOWSIUP OF ST NICHOLAS NOTES TO THE FINANCL4L STATEMENTS- contl*ued FOR THE YEAR F.M)F.D 31 MARCH 2024 21. MOVEMENT IN FUNDS- continwed Balanee at31 Mar¢h 2024 13,569 B*]anre at l April 2023 l 13,432 R¢$trRcted fuDds PACT Greenway Nursery St Nieks Nursery My Time St Nitbolas Centr¢ Robsack C.entT¢ Silverdale Nursery Dragonflies Childcare Fund Millennium Committee Nurserylmprovement Fund (:ore TA Project Mcnial Health & BereaYem¢nt Enballcing Inclusiv¢ Ptadise Youth c￿lm￿nity Learning c.apital account Holiday Space Ineome Exp¢ndltyr¢ 199,863} 1127,977) (199.138) (58,466) 1176,820) 127,977 199,138 36,981 176,294 21,485 30,000 29.474 9,6 J74.307 52.470 1.250 (174,307) {51,582) (687) 139,130 1.572 15.486 140.018 2,135 15,486 183,285 183.285 87,385 151.216 (148.064) 90,537 36,800 (36.800} 24,243 73.917 28.010 (14,624) (58,364) (18,182) 9,619 63,453 ,9,827 7,811 47,900 7.811 5,996 15,996) Tot 6S3,482 1,092,201 1,170,868 574.815 The Dragonflies futtd r¢lates to donations received to support th¢ Ix)going sustainability of the Dra8onflies Proj￿¢ prffiryditsg $4JPPOrt to children and their families exp¢ri¢n¢fftn8 bereavement and pr¢ b¢reavemenl. The Childcare fimd can bc used to alleviate short tern) cfftcts of dishdv8ni&ge and poverty for familie5 a￿¢55]￿g FSN projects. The Millennium Committee is a designat￿ to bc used to support FSN5 work. The NuTSery Improvement Fund relat¢s to rApifal thai was rai8¢xI for the nursery building in 2015, this has t reduced ca¢h year since by d¢preciatii)n. The fvnd balÈn¢es carried fvTward for 'My Time,, 'Core' and 'Capitals Accounts, Br¢ all rut)ning costs ihat will be spent wiihin the 2024125 finan¢ial year. Th¢ designaicd propcrty fvnd held within ullrestricted fijnds is ￿ be used for works required io th¢ buildings FSN or l¢a5e. Page 42 continucd... THE FELLOWSHIP OF ST NICHOLAS r40TES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 22. EMPLOYEE BENEFIT OBLIGATIONS Defined eontriblltiott pension plans Th¢ charity i)perat£% & defined contribution pcnsiott plan for it's crnployecs. The amount rLxognised as an eAPCta5 in the y¢ar was £18,429 {2023 - £16.130). 2J. RELATED PARTY DISCLOSURES Durin8 the year on¢ w mi)Te Trustees have made donations withoul ¢imditiims tolalling £400 (2023.. £450). Page 43 THE FELLOWSHIP OF ST NICHOLAS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR F.NDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Don#tlon$ legA¢ies & grant5 Gifts and incomc from tn￿ts Legacies 279,389 530.530 1,000 279,389 531,530 Other tr*dlng fiedvltles Project f¢es and rents Other tradin8 activitie5 494.886 46,279 384,162 39.474 $41,165 423,636 Invertment Income Jnter¢st - deposits 2(1,518 7.803 Cbarit*blt leil￿tIeS Grants and contracts 81M,802 792,612 Tot*1 Ineomlng re5ource$ 1.645,874 1.755,581 EXPENDITURE Raising Itgacies Admittistratim C4)Bts 9,029 10.727 Ch4rit*ble a¢dvAtAes Wage5 S(Kial security Pensions Runjjing expenses 1,061,631 62,026 18,429 510.784 937.212 56,291 16,130 516,589 1,652.870 1,526222 Support e05ts Mana%ement D¢pr¢ciatii>n on pr(4)erty Mthor vchicles Carried fonvard 16,72] 8,967 25,688 16.721 8.727 25.448 This pa8¢ doe5 noi forn) part of th¢ ststuiory financial Statem￿t$ Page 44 THE FELLOWSHIP OF ST NICHOLAS DETAILED STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 ManagemeDI Brousht forwdrd Computer ¢quipmeni 25,688 4,095 25,448 7,703 29,783 33,151 Total re50urG¢5 cxp¢nded 1.691,682 1,570,100 Net lexpenditsreyiDCOJDÈ {4S,808) 18S,481 This pag¢ does not forni part of th¢ Statutory financial 5tatem¢llts Pog¢ 45