Colnpany registrdtion T)umber.' 00371615 Charity registration number.. 208446 The Fellowship of St Nicholas (A company limited by guara]Jt¢e) Annual Report and Financial Statements for the Year Ended 31 March 2025 Mannitigtons 39 High Street Battle East Sussex TN33 OEE The Fellowship of St Nicholas Contents Reference and Admiiiistrative Details Trustees, Report 2to20 Strategic Report 15 dependent Auditor8, Report 21to23 Statement of Financial Activities 24to25 Balance Sheet 26 Statement of C28h Flows 27 NDtes to the Financial Statement$ 28to46 The Fellowship of St Nieho12S Reference and Admlnlstrative Detsils Chairman Cllr. Judy Rogers, Chair Trustees RichaTd Cuff, Vice Chair John French, Treasurer Rev'd Martin Harper Janet Wyatt Dr Roger Elias Geoff Longmire Mary Osma Hayley Thott￿$ igel Lloyd Datiielle SeAlgwick 208446 ChArity Registration Number Company Registration Number 00371615 The ¢hartty is incorpordted in England and Wales. St Nicholas C¢rJtr¢ 66 London Road St L¢onaTds on Sea East Sussex TN37 6AS Reglstered Offi¢e Princlpal Office St Nicho135 Centre 66 London Road St Leonards on S¢a Fast Susscx TN37 6AS Auditor ManningtODS 39 High Str¢et Battjt East Sussex TN33 OEE Solicitor5: Herington5 l Upper Lake Battle Sussex TN33 OAN Banker5 Lloyds Hastings Chelmsford Legg St Osc l Legg Street Chelmsford Essex Cmi IJS Page I The Fellowship of St Nicholas Trustees, Report The trustees, who are directors for the purpos¢s of company law, PTEsent the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2025. Objectives alld ActivitÉts Principal a¢tivitie5 and reyiew Df business FSN'S principal activities are based on its pury)ose to.. 'Aim to provide effective and professional cating action without discriminatioll and favour foT chllthen and young people 5uffeting ihe effects of poverty, disadvantage, neglect and abuse.. FSN'S mission statement.. 'CrealiDg space where Children. young people End familie5 are illspired And supported to flourisb" FSN'S core offer is.. Children and Young PeopSe Health and Wellbeing . Fajnilies . Training and Learning Summary of Servl¢e Dellvery FSN'5 Commitment to early years was strengthened further in the last year the review and restructure of St Nick's NuTsery and the staff training and embedding of inclusive pia¢ti¢e a¢ross all three nurserie5. Both of these strategses ensured that FSN'S aims and objectives to support those I￿pacted by poverty and disadvantage were rooted in the plans and children were able to access quality learning experiences. The positive strength in the charity is the ability to work across sectors, joining up the dots between different servi¢es both within the ststutory and volulltary organis&tion5 ill the County. This has been particularly evident in the plallning of the Integrated Conununity T¢am in Hastings, the planning for tbe Neighbourhood Boards iIi Hastings and Bexhill vrith a focus on young people 2nd the work to develop Anti-Povetty sttategy for Ha5tings alongside tbe Local Autbority and partners. The importance of ensuring young people are able to engage and have their views listened to whilst also able to ac¢ess &c¢redited awards has been a focus 2n the last year. With incredible outcomes for young people in B&Yhill and plan5 to replicate the WOTk in rural areag in Rother in the future. The 5UPPOrt of young people is also prevalent ID FSN'S offer to local Colleges and Universities for work placemeThts, resulting in employment in our nurseries a￿d a positive placement for a trdinee Social Worker in the TA H￿b. The extetnal #lld ￿UCh of tbe internal works to the bllilding w¢re successfully concluded ill the last year and in titne for FSN'S 85tb anniversary celBbt%tioDs. Page 2 The Fe]lowship of St Nicholas Trustees, Report Staff TrainiDg and Support FSN is cornn]itted to ensure that staff 3re supported both wofessiottally and personally rcsultillg in a workforce thai provides quality seTrices for the childretl youug p¢ople alld families that ac¢E5S our projects. As an organisatioJL FSN sUccessfi￿Y achieved the reaccreditttion of the Bronze Wellbeing in the Workplace award tbrough Fast Suss¢x County Council and IMS a commitment to achieving the Silver Award in the coming financial year. Working towards this Award, FSN c￿rIed out a Health and WelIbeing Survey as part OF the annual staff survey ID January, with the following results.. 879/0 of strdff Teported that they felt able to Speak to their rftanager about stress. aDxi¢ty, depression and other Tllental health concems . 680/D of stsff fe¢1 they are in good health . 70/0 of staff fccl t1￿ they ai¢ listelled to and their employer 8upJx>rts their nThtaL btAIth and w¢llbeing Feedback included.. "By far the most supportive empltsyer I bave ever Trvorked for" With 790/D of staff r¢portittg that they eat less than five portions of frnit and veg¢table5 per day, FSN has started to provide free fruit for all staff and in the last year. in response to the needs of staff. thc charity invested in th¢ Mindful Employer Pl￿ Employee A55È5tance Programme, givitig 24_hour access to telephorLe supporL Staff training is a key ¢lement of development of indiYidual.% aud tearns. Ill the last ycar, as well as rnaudatory traiThu￿. the following qualifications w￿¢ achieved by st&ff members.. 4 Professiorlal Qualification ill Early Yearg Leaduship . Functional skn.lls . L2 Childcare . NCFE L2 worjung with people mentsl health n¢eds With a fo¢us on equalty. diversity and inclusion the teams acrosg the 3 FSN Nurserie* accessed 2 training days with thc %ectsnd training day giving all opportunity for staff to share Mith their peers and Trustccs how they havE embedded inclusiv¢ practice. Other staff te8ms look pth ix Cultural Cornp¢t¢n¢e training at the December training day. Nursery statr feEdba¢k.. "I haye really enjoyed braitistorrthg idea8" "Good to See how the other nurseries work and layout of nursery" Page 3 The Felloivship of St Niebolas Trustees, Report HILDREN UNGP PL Early Yeors With tbe introduction of the tLew Govern[[￿￿t cbildcare policy, FSN were one step ahead in the re-development of St. Nick's N￿￿try to meet the deD]and for places for working parents, wkn.lst also ensuring that there wag still an offer for disadvantaged chilctren would have equal &cce5S to quality eatly learning and educatioTh. WoTks were catried out on the build]ng, Creating 'home' and learning spaces upstairs, with downstsits offering 5pa¢e with free acce55 to the outdoors. A Forest School approach was introduced as well as embedding in¢lusive practice both througb the eTJviromnent alld the Staff team. Durin8 the year. 300 ¢hildreTh attended the three nuTsEnes. Of these childrerl.. . 57 had English as an Additional Lallguage (L9/o), at St Nick's Nursery it is 33 /0 56 had additiollal needs (19/01 113 were eligible foi the Early Years Pupil Pten)ium (38¢/o)- a rise of IO¢/o Oll the previous year . 77 were in receipt of 2-year old low incorae fullthng (260/01 All three nurseries regularly ieceive fee£lback from patentslcarer5 and the Children.. "F has grown so much 5in¢e beADg here. She love$ Coming in alld talks AbDlIt ¥4ll the staff at home all of the ti￿¢., NURSERY PARENr really ]ike pla)ryllg #t nursery* With lots of new toys and lots of things to play wlth" CHILD'S COMMENT CAse Study F started at nut5ery in September 2023. l&Tren they started, Murn was very 8nxiou5 as Dad had not wanted F ai ttursery due to his own bad childhood experience in education and refused io have anything to do with the Dursery. A150 F had never been away from Murn and was non-verbal. It took a little while for both F and Mum to settle into nur5eryy but with consistent 5UPPOrt Mum beCa￿e more secure in leaving F who started to be mole confident alld outgoillg and Dad could See the positive effect that nursery was having oll F. F is due to start school in September and with Support fro￿ llursery F was successfully refeThed to ISEND and llow has a diagnosis of ASD aud global developJDental delay. F is now talkillg and can use the nursery com￿u￿1¢at10n systems with confidenee. The Nutsery also gave mum a copy of the sigll5 and s)Thbols and choice boards that are used witb F, and they are able to follow Toutine and manage changes in ioutitie in the home. Page 4 The Fellowship of St Nicholas Trnstees, Report Enhanced Indusive Practice (EIP) This y￿￿, the EIP project whi¢h focused OD the transition for chiIdren who had not had a SEND diagrLQSiS, sa its first cohtsrt of children su¢ces5fi]lly transition froTr Nursery to Reception cla55es of the two schools tbat were part of the proj¢ct. Parents l¢aNing the Nutsery said: "Nursery alTrYays values the views, wishes and fe¢Jillg$ of pareA)ts of chSIdTen with SEND" I would alw#ys recommend my chiJd'5 nursery to otller parent5 of children witb SEND*> Between O¢tober aDd December, following the transition, tbe l¢ad practitioner caftied out a follow up evaluation with parents who had tsken part in the projecl as well as tbe two schools. -she i$ doing re#lly well and meeting the teachers nvdde n)e feel ]ikt I kneiv She would be OK *t gehooI ' Intsrvention Inforthatioll and 5ehool readÉDe5s infonnatioo w#s produced from the nurseries, th1$ allowed t¢a¢hers to best support ch¥JdreN" SCHOOL LEAD The fnal year of the pioject will focus on eMb￿dIng the work across the Durseries sustsitiing best pra¢ti¢e after the project ends. Ment#1 Health and BtreavemeDt With the n)erger of th¢ Dragonfiies My Tirne teams embeddeiL the work in the last year fDcuEed OD the delivery of the services as well &% a pilot project in wpporting neuro divcr5¢ children's transition from Primary to 8econKlary school. During the yetr 266 childyen and young peopl¢ completed menial health and bereavement support groups. Dragonnies Usillg the Childhood Bereavement Network evaluation tool. 940/D of &ttendces reported incrwed resilience, impToved communication and seifoonLept. Case Study M was referred to Dragonfiies following the death L)f his father. The family were refvgees fleeing a Wdr torn county and at risk. M presented at the first ses8ioJ), not UDderstanding why he was there, flitting from one subject to another as be tthd. At the session, the lead worker ensured that M received th¢ I:1 support in tht group, helping hiEn to process his thougbts and self-regulate. As the sessio￿S progressed. M was able to explore hi5 emotions and Share his story as he heard other childre do and also appeared cabner in his iThteractions. worki￿tt with M, the ￿e￿nber of staff was told thai the family had no ac¢esS to pens and pen¢ils at home. FSN was able to share this inforn￿tioTh with the ￿Settle[Dent te&n) who were yble to provide th¢ supplies for the family. It w&s ¢lear at thts end of the intetventiorl that M had been able to better regulate and communicate their feelings. He had a better understanding of how to engage wqth his p¢¢rs and his emotional lit¢ra¢y had grow7) through the ad?viti¢s. The school also Teported that they had Aoticed a difftrence in engagellLent and being able to ￿]X with peers. Page 5 The Fellowship of St Nicholas Trustees, Report My Time In the last year, 940/0 of children aud young people reported improvement in tILeir self-¢onfid¢nce, self-esteem. an Increased understanding of mental health, improve]nent in relationships with others attd increased social ellgagtn￿nt. With feedback from the team on the ¢hallenges facing neuro divEfge children in moving illto Secondary education, & pilot proje¢t was developed with a cohort of children from two Primary schools. Peer support group5 were ¢o-ordinated in the surnmer temi with a follow up in the Autumn temi once the children had started Serondary school. The children who attended were able to state what neurodiverse rneant to them. with th¢ following feedback.. . All going aftei me. Sornetimes on outside. treated different . Mind goes blaDk, lack of attention . SoMeti￿es I look like I don't Iksten, but l a￿, n]ainly when I'M tired. . If told to tslk, don't warkt to- feel l]ke I'm 10siiig it The group was flexible, meeting the needs of the children involved and included walk aDd talk sessions and opportunities for the children io journal thES1 experience. At the end of the pilot, IOOO/o of the children involved reported that they had improved Fesilience, confidence, s¢lf-concept aThd con)muoication skills. From the feedback in the 'Me and My Feelings, asses8mellt. one child told u5 that they no longer feel lonely, their sleep llThproved and they were wonying less. To gauge how the My Tilne Se￿te wa8 perceived by loc21 schools, a survey distributed in N0Ve￿ber 2024. 93/D of respondents said that tbey were satisfied with the service and 910/0 said that the service Jnet their expectations and benefits students. Schools told ug, "We are tlappy to be workiDg with your eharity and feel it provides a vital service. Peer to peer Support is good for this age group parti¢ulgrly aDd the vari¢ty of aCti￿tieS really appeal to th¢ ¢hildren brings them to # point where they feel emotxonally SUPPDrted and happy" "My Time has supported eopious 5hTdents. which ha5 provlded them with an invaluable aJ)d beneficial fraJlleworK giving them the tools to thrive in an environment that they previously may have foulld a cball¢nge... Bexhill Youth Project (BYP) The project, which 1$ llow embedded the communiry, deliver5 weekly session5 for referred young people, as well as opportunities for off slte visits including a theatte visit to the local De La Warr Pavilion. Over the last yeai there has been a focu5 on the delivery of accredited awards which ¢u]minated a ceremony in O¢tober 2024 planned and orgarlised by the young people and attended by FSN Trustees Jnd ¢xternal bodies in¢lud]ng the Police. Sin¢¢ the project stsrted. young people have gained over 200 AQA awards wkth 91 achieved in th¢ last year. Witb the AQA focus on practical aud c￿p10ym¢llt related activities such as C.V. wtiting and YolunteeEing. BYP ietains the engagement and young person led principles that underpin youth work. Page 6 The Fellowship of St Nicholas Tru5tees' Report Case study A had been attending the BYP Since 2022 atsd spoke about wanting trj get ready for emplojment the lead youth worker. A was supported in developing a C.V. including their volunteering at a local animal sanctuary attd SUPPOTting a local Pti]nary School acti￿tieS. As A had attended BYP for SO0￿ time, FSN was also able to providc a reference. The C.V. and AQA awards enabled A to secure job intervi¢ws and prospective employers remtrked on the volunteeritLg and conuLuoity activity that A had a¢hieve¢L A is now rdining to be a peer support le&d at B YP, a new ?niti&tive for o]der members of the grollp to enable others to see tlie benefits of engaging with the project, the power of volunteering and seeing the benefit of buildiDg & portfolio of AQA awards. Yollth Vol¢e Following tbe successful ¢onsultstion with yOUDg people in Rother, following a Teview of the feedback in November 2024, pilot work focused ill two Lural arth￿ was undert&kets in Westfield and Camber. The pilot involved six weeks of consultatton ¢ngaging young people through outreach work and building n¢tWDrk5 with key decision m&kErs and stakehoIders in the local uea. At tbe ¥nd of each pilot, ev¢nts and presentstions io th¢ local Parish Coun¢ils were plattncd. Westfield During November - December 2024, early motning outreach vrds e￿PI0Yed, meeting tbe young people at the school bus stop, using a QR code to access the quEStioDn&￿e and usiug the resuLtg at ￿ event to feedba¢k to the young people and local stakeholders. Early feedback fro￿ the young people identifiecE a lack of local opportunities for the￿ in the village and the need for a place to go. Camber Using the sarne strat¢gy as tbe Westfield pilot. the team carried out early morning outreach sessions in JallDary 2025. Althougb more challenging, the te2m petseyered and engaged with local busintsses and parents iti th¢ area. as well as 2ttendEng the local secondary school. The results will be PTesented to the Parish Council in the con]ing year. Feedback Identifi￿ a wEsh for Enore sport related actirrity but led by a youth worker to SUPPDrt engagement. BrtghtPAth In par￿erShIP wÉth East Sussex County Council's contextu￿ SafeguaTdiDg Teorn aDd funded by the Youth Endowllryit Fund ryEF), a project to ¢XplO￿ M•y$ to pr¢vellt cljildren and young people be¢oming involved in exploitation was developed as part of a national initiativ¢. The work involved Couwil Fan)ily Supptsrt Workers and FSN team in delivering a range of a¢tivities both aimed at the whole famlly and 5pEGifirally for young people. includins cookin& pool and football. The project has b¢en extended with an evaluation due in the coming year. Page 7 The Fellowship of St Nicholas Trustees, Report HEALTH AND WELLBEING Health Alld Wellbeing Conullullity Hubs With the ongoillg ¢Dn]mitment ftortt the Sussex Illtegrated Care Board, FSN continued the partnershsp workjng with Education Futures Trust and The Pelham to support the work to support health inequalities in Hastings. The fi￿thng enabled the development of the volunteer co￿rdInator, data collection and the strateg￿C partnership work of the clwity in supporting the wider area5 of impiovemettt of services, r¢t¢rtal routes and closer relat10115hips. Witb the COnt￿Utd support of the local Prirnary Care NetwoiL the mobile derltal unit offeted appointrnents to families U￿able to access local dentists. Over the course of tbe yeat Dentaid provided free delltsl care to 114 individuals. VolunteerfftDg FSN values the sUPPOrt and ¢ommiknent that volunteers gÈvt to the charity, bringing their own experiences and journey into the projects and work that they sUPPOrt, Including the ParLty, Cofft¢ 2nd Chat, Table Sales. Mental Health and Bereavement delivery And as a trained volunteer ill PACT. Ill the volunteei led groups. over 166 ILours of sessions weie held and 54 participallts bellefitted. Ont of the attendees of the Coffee and Chat told u5.. "Coffee and ¢h&t 1$ a friendly place on a Friday. Plea$#Dt eomp&ny and ¢hat. Staff are vtry helpful too." From the amiual volunteer survey in June 2024. from those who responded.. IOOO/o said that they received support when needed and learned from other voluntcers and staff 87O/D felt that they were doing son]ething ￿eall)ngfUl . 620/0 reported incre&8ed self-CODfidence IOO/è felt that their contribution had been valued One volurlteer said.. "FSN #s # whole makes you feel ]Ike a real valued part Df 50eiety and that your work wlth them is really appreciated." In totsl, FSN received the support of 55 volunleer5 in the last year. Page 8 The Felloivship of St Nieholas Trugtee5' Report FSN Pantry tll tbe last year, FSN carried out a review of tbe Pallty B￿d Measures were put in pla￿. gtving fatijilies up to 8 yw foE the service and ¢D$￿ing si8nPOSting and sllpport. In the l&st year on averdge, 40 families a¢ces$ed the Panty each week Ag part of the Food Network itt Hastings. FSN took part in a Feeding Britain national survey. Our data was then broken down with the following results from those who responded to the questio]llRire.' . 840/4 a￿e¢d that they have eat¢n more fresh fiuit and vEgetsble5 since using the service 1 68/0 said they hac( cooked more ￿e￿S at home * 79/0 said th&t theii wellbein(r ljad improved since ac¢¢ssillg tbe service . 53 % said that thcy had o¢edEd to ys¢ the Foodbaok less often On average Panty membe[5 felt that tbey bad saved £14.92 per shop took home ttle equivalent of 5.6 meals. Health and Wellbe5ng Coach¢s The ttvo Health alld Wellbeing Coaches fimded by the local Pri￿ary Care Nettvork are now embedded within the provision of non-clinical supporL The Coachcs facilitate peer support groups and offer 1=1 ¢oa¢hitig to ¢li¢nts ltsokillg to make lifestyl¢ choices to n￿Lage tbeir l¢)ng tern] bealth conditions. In the Last year, the tearn Te¢eived 394 GP refe￿alS for suppon. From this, 98 clients participated iu l-.1 and peer support sessions and thcTe were 268 attendances at work5hop$ 2nd prograrnmes run by the Coa¢hes. 125 clients Completed assessments using the Health Outcome Star with the following olltcomes recorded.. . 87/0 reported a belteT understanding of lifestyle factors 82% Teported improved nutrition 820/0 had incrcased a¢tiwty levels . 8510 had iEJYproved wcllbcing . 87 /0 had improved self_care During the year, 17 inforniation 5es$ions 4rre ILeld including women's health Imenopaus£lpeTimenopausel and anagÉllg long remi he￿th conditi(Trns including I1￿10g with diabetes. The s¢ssions had 169 attendallces alld tb¢ Sessio￿ were also supported with taIks by the wider Prnnary Care Network TeattL One Gli6nt said= "CoathiNg ha5 been very helpful to help and ellable me to bring po$itive5 IDto & very hard time in my life and iiTring with chroDiC illrÈess. She (the Health Coath) h#5 helped Ille to find my focus and feel more myself agaill by encouragillg walkillgi eating well and in easy more manageable ways attd encouraging 2nd SllPPDrtlllg self-carelwembeing without feeliug guilty on the bad day5.... Her ¢oachln¥ was very helpful. professionaL approachable aThd holistic 4nd nthde such a dAfference." Page 9 The Fellowship of St Nicholas Trustee5' Report FAMILY SUPPORT The Hub- Temporary ACCOn￿n0d￿tioll ProJe¢t The work of the Hub8 is widely known and iti the last year, FSN has been involved in presentations on the work of the Hub and has had input and influence on the Hastings Housing Strategy both in terms of a str&tegic view and froin fan]ilies with lived expeiience. The bigblLghi for the work of the TA Hub wa5 as a flnalist for a Children and Youllg People Now Award in the Supporting Familie5 category, witb an event in London to ¢elebrate the national fjnalists. Local Counci15 in Hastings and Eastbourne have prioritised housing needs with the Teslllt of laTgei numbers of new properties &vailable for faEnilies livirLE iIl temporary aCcon]￿odall0ll. However, there remains a large number of families without secuie ac¢on)modation alld the Hub contillues to offer the peer support and space for families to acces5 services and guidance. FSN has also beets involved in highlighting the Issue of the iujpa¢t of living in TA on children with Public Health and discussions on how this can best be supported, In the last year, The Hub supported 63 families and 183 individuals either in the group ses510D5, by telephone, outreach sessioEhS, or lunch clubs during ihe holidays. Case Study Family housed very STnall temporary accommodation. Young single Mum struggling with feelings of isolation and confusion over housing proce55. Regular attendance at TA Hub relieved 5en5e of isolation and was abl¢ to acces5 peeT SUPPOrt. Supported ongoing attendance at PACT. Supported Mum to.. Access GP advice around child's developrtjent AtteThded multiple ra￿1]Y learning courses includmg Moving In Moving On (NHS Health Inequalities funded course) Undeistand the housing bidding pro¢¢ss Access vouchets to support budgeting * RefeThed to Pantry to support family finan¢es * Enrolled chkld in llutsery The TA Hub team supported family tILrough multiple ￿0Ve$ of temporary a¢¢ommodatioD 3nd helped Mu lo access War￿ bome funding with CAB. TA Hub tean 5UPPOtted Mum to look &t fitture workillg options. Mums resilience and ￿ental health vastly improved. Child's development progressing well and child Is attending nursery and thtiving. Family are less isolated and engaging in gtoups and activitie5 that support their social skills. Has successfully bid and is moving into petmanent accomn]odaiion. Mum 18 now ac¢essillg education aThd planning to complete English and Maths GCSES to improve their pr05pe¢ts. Page 10 The Fellowship of St Nicholas Trnstees, Report Outcomes were ]nc¥uted using the East Sussex County Council Samily Support Ass¢ss]nent Tool. The tool focus¢s oll 10 themes and tbc TA Hub work supports some oEth¢ themes including. rncrLtsI and physical healtb, good e2rly years development. famity rc12tion5hips and finaucial stsbtlity. Of those Completing the assessments, 9￿/0 reported reduced atixiety and feelings of Isolatio￿ alld 90/u reported Incre￿ed Tesilience. One parent said: "l tan't btlieve all the help we h#Ye had, my child sees the Hub as faTnlly And I have $0 good friends who I wlll still gee in tbe future." The NHS fi￿ded H¢alth tnequaIities fi￿dIng continued io sUPPQrt the delivery of fvIoving ￿ Moving Up, with one fiuther coursc fo¢u5ed fami"]i¢s rnoving into pennanent &c¢omEuodation. One parent said.. "I moved away from the arca during the ¢our5e but continued to rectiye telephone support from thc tutor. Thi¥ helped me to UllderstaDd what l Deeded to do to maintsijj my new tenartcy. She also help¢d me to access a Key Worker for additional support in this llew town where I don't know anyone e15e" Mum of 4 chitdren tl¢¢ing D.A. aDd in TA for 5 years PACT (Parents and Children Together) D￿rItig the year, PACT contittued to offer two strandg to the project. the volunteer peer support training thd the drop-in ￿0up5 for families with pre-s¢hool chilthen. The last year saw PACT recwit 12 parenLlcarers with over 600/4 completin(r the tsxining and gaining their qualification. The su¢¢¢s5 of the course has led tt> thrce of the voluDteers from this year gaining exnploJinenL with another tt4*0 exiyiins volunteers also going iDtD employment and on¢ moving into a different volunteering role. Jn the last yeat 51 familics were supported by PAcf and frorn thosc who attended. 840/D attelld¢d the Panty al 32/0 attellded the Fwnily Learning courscs offetcd by I",SN. The proj¢ct uses the Early Years Outcome Stat to m¢asuT¢ Outcomes for parent1¢￿¢[$ attending PACT and in tbt l&st y¢ar'. . 80Q/o of parents reported reduced feeli7)gs of isolation . 850/0 reixjrted increased emotional wellking • 80/) reported incrw8ed ¢onfideu¢4lresilience FOT the children, paJenUcaTeT5 completed an East Sussex Q)unty Council language che£ker, as well as tbe child dEveloprnent section of the E￿]Y Years Outcome Stsr. 800/¢ of parents reported iEnprovemettt in their child's physical and social developmcut from attending th¢ PACT group sessions. A par¢nt witb a child wiEb additional needs said: '4Vhen l first camt my son wouldn't go up to allyollt, or sit at the table for snack till￿ hut that all chAnged today when he sat at the table wlth the other children. I was $0 happy." Pagell The Fellojvship of St Nicholas Trustees, Report Early Years Sp¢¢ialist FAmlly Support Worker Due to its success, the Fa￿lLY Support pilot which began in February 2024. was exteThded referrals Thot Just fro￿ FSN ￿￿￿trieS, but from our wider servsces includillg PACT and the TA Hubs. OutCo￿e5 were nJeasured u5ll￿ the East Sussex County Council Whole Farnily A55e551neiit tool. In the last year 50 families r¢¢eived support with the following outcomes achieved.. 880/0 reported improved child developTnent . 720/0 reported smproved physical and Tnental health . 260/4 secure housing challenges supported 260/0 fmances IO/D of families referred for issues related to famlly relatior￿lp5 DJanage their situations * 5Q/o of fan]i]ies referred for issues related to dom¢stic abuse - 100 /ll reported feeling safer after support IOO/o reported feeling better able to Fe¢dbaek: On behalf of me aod n]y husband we just wanted to say that the help and 5UPPOrt we have received from has been invaluable at such a tougb time for us. Our son attends the Nursery aTJd ha5 had sevetal hospital appointmeDts d￿rItsg the course of the year. The support worker first contacted u5 when we were eXperienci￿g tuany issues with his physi¢al health (he had previously had two major surgeries). The woikei came round to our h0￿C and we spoke about our son at great lengths and how we were to manage bis ongoing issues. The worker provided us Wlth Ènfotmation on support group5, Sound advice and really helped us highliEbt aTeas we could improve on. She also pul herself o￿t there with our Son's cliThi¢ians and departments that had refused tteattnentlhelp he desperately needed and still does need. To which the consultant agreed and echoed her thoughts. It is because of the worker that our son has had referra15 made and been seen by certain clinicians. She should be viewed as an asset to FSN. She h35 displayed an ernpathetic. caring approach to our unique 8ituation and has ttied her best to guide us accordingly. We thank her for everyttbing. Page 12 The Fellowshlp of St Nicholas Trustees, Report ED CATION A RAINING R¢duced funding opportunitics had an in]pa¢t on the number of courses tbat FSN was able to offer in the Last year. However, Mith more effective links with the Coll¢g¢, FSN is rkow a member of thts Employer Exchange Foruin along with other loc&1 employers. With funding frojn East Sugsex CouDty CouDciI, the Primary CaTe Network. NHS and the Sussex Community Foundation. FSN was able to off¢r 20 cours&% and workshops across the year. . F￿1]lY Leatning - 74 lean)ers accessing courses and workshops vlith IOOO/o gaioing CODfiden¢e in 5upporiing thtii child's dev¢lopmeLi aThd 970/0 reporting improved skills . Multiply - 21 le¢uners accessed the courses gn offer witb 860/0 ryorti￿g improved numeracy skills and 95/ with improved confidence • Adlllt WellbeiDg- 22 adults accessed with 80/0 Teporting improved wellbeing and confidencc . Accredited L&2rning - oThe e￿p10y2b1llty course w&$ delivBr¢d to train volunteers supporting PAcf with 800/0 of leanjers achieving the full qualification 2nd 901b reportillg In￿roved skills Health tn¢qualities - with fl)nd￿llg from the NHS, FSN delivered a course supTh)rting families Iiving in tempordry acco]nll￿datiO￿ to build their persona] development skills itt te2diness for moving ittto pernLqnent aCcon￿Odati0ll. The ¢valuatioTh showed that 809/0 bad improvecl ¢onfidence alld wellbeing Leametg said= -Good Oppor￿nIty for Y￿e #s a volunteer to improve my ¢onfjdeh¢e using Dwnbers, $0 l e4n get a job as admini5tratoF' Multiply learner ' LearThlnE #bout different ways to engage them in stories is greal they don't lakt just 5ittiDg and ItstsAillg. ¢os I'm not very good at reading" Family Learnittg PateDI.. Story Time Adventtwes ¢OUESE "This tourse hA$ really m2de my toufidence grow and I have made some lovejy frlends. I am excited about syhere my TÈew skills will tske me" PACT course participant Skills and LearDRng ill the Community (SLICI the l&st y￿￿, SLIC has fiutber developed its membersl)ip to incEude two local Colleges. East Sussex College Group and Plumpton. with the Latter securing fijnding for capitaL infrast￿¢￿tre to support adult i¢an)ing in Ha5tings and RotheE. Ther¢ is ongoing wrmnith)ent frorn the membcr5 of SLIC in ¢hampTroning the Deeds of those who are fijrthest away from forn)al learning establlsbm￿Jts and to explore and find w&y5 to woik iligether for the benefIt of local people. As part of tbis. SLIC m¢mbers took part in an evaluatii>tt of adult skills as part of thc ESCC skills strategy. sharing their experience and understanding of lo¢al people. Page 13 The Fellowship of St Nicholas Trustee5' Report Fundrai5iDg FSN is registered with the Futhising Regulator and cO￿p1]eS with regulatory standards for funthaising activity, adhering to the relevaTht Code of Practice. FSN did rLOt engage any fundrai5illg service provider5 in the last year. FSN eontinues to operate a low cost Lottery as part of our fi￿draiSIng strategy for our Dragonflies bereavement project. A complaints policy is in place which explains the procedure on how an individual can con)p12in, along with a poli¢y to protect vulneTable people and we received no complaint5 ill regatd to its fundraising efforts in the last year. FSN is also siglled up to the Fundraising Preference Servi¢e to enable individuals to opt out from receiving fu￿￿aiSing Con￿￿nicatiO￿S. Pub]ic Benefit FSN have referred to the Charity Commission's public benefit guidattce when reviewing its aims and in planning futute activities to ensure it is supporting disadvantaged children, young people and families by prcTrviding funded and free activities and services. The tmst¢es confjrni that they have cofflplied with the requirements of se¢tion 17 of the Charities Act 2011 to bave due regard to the public be]Jefit guidaTLce published by the Charity CorDmission for Engla1￿ and Wales. Page 14 The Fellowship of St Nitholas Trustees, Report Strategit Report for the Year Ended 31 Mar¢b 2025 The trustees. who are directors foT the putyoses of company law. present their sttategic report for the year ended 31 March 2025, in ¢ornpliance Mryth s414C of the Companxes Act 2006. Tran58ctions and Fillaneigl Position The Statement of Financial Activities on 24 sknws that eKpeDditLUE of Unrestricted Funds met by income arjd in litie with the ]nanagement policy adopted by the Tn]stees. Tangible Fi¥¢d Assets ofthe Charity The TrM)vement in fixed assets during the ycar is Show￿ Page 40. Pob¢y on Reseryes The Trnstees have examined the requirerncnts for free reserves which are those Un￿S￿l£ted funds not invested in r￿ed &88ets. The aim of FSN'S work is for all projects to be sustainable, includiJJg an allow20¢e for th¢ cost of relevant core staff time. The cost of projects is JLODitored on a Tegular basis tbrou8h a d¢railed cash flow foIecast up to 51 roonths ill advau¢e. The poli¢y of th¢ Trustees is to build reserve5 to a%sist tOW2rds new projects and to cover atty ￿￿Oreseen expenditure by means of prudent managejnent of invegbnent asset5 to erjsure there is sufficient liquidity available to fiDan¢e the charity's work at tim¢s. A5 at 3 1st March 2025, the gener￿ (free reserves) amounted to £56.186 whilst other designated regcrves amowited to £457 J42 aThd reglri¢tEd fuDd8 to £255,141 total]ing £768.669. Page 15 The Fellowship of St Nichola$ Trustees, Report Strategic Report for the Year Ended 31 Msreh 2025 Future Plans Using f¢edback from service users, families, voluntecrs and staff, the Trustees work to ellsure tbat FSN continues to be 'one step ahead, in meeting the ¢hanging needs of the community. In the coming year. the following areas of work have been agreed.. Review and development of 5ervi¢es which support chddren, young peDple and adults impacted by adveT5e childhood experiences i Outreach and l..1 support for familiES in Temporary Ac¢ommodatiOiI . AChieve￿Ent of the East Sussex Wellbeing at Work Silver Awatd . Embeddillg the Roth¢r youth strategy Involvement ill the development of the ESCC Earlser Intervelltioll strategy • Celebrating 20 years of Drngollfiies beieavement project With the challenge5 in the fimding pictLtre nationally, both thTough gtanis and comrnissioning, FSN will need to prioritise the funth.ng strategy to ensure continued delivery of the nllch needed service5 to sllpport childrerl, young people and fanjilies the corning year. The importatjce of pa￿lership woiking will be patarnount at this tiThe to ensure that oppor￿￿1ticS are maxinllzed. Following the annourkcelljent of the retireTnent of the current CEO, Tru5tEes will also be recrniting to a new Chief Executive for th¢ charity. Aithoygh acknowledging the change foi the organis&tiOtt, a new lead¢r who brings their unique experience5 and plans is all exciting prospect. etksuring that FSN ¢ontinue5 to thrive and flex with the changing lleeds and Ca￿ develop the charity thtough the rlext 5t#ge of its jOu￿eY ID the delivery of quality service5 for childten, young people and faJnilie5. Page 16 The Fellowship of St Nicholas Trustees, Report Governance xlld MgnggemeDt FSN reviews its ai]J)s, objectives and adi￿tt¢S each ye2r. The review look5 al what h&s been a¢hieved and the outcomes of the work in th¢ previous 12_nJonth pertod. The review also h¢lps to ensure FSN'$ &ims and obje¢tives remain focused on the stated purw)se, The B(wd of Trustees rrriews prO￿eSS against the 3-year business plan quarterly. ensuring potential issues are addressed in a timely and appropriaie maDner. This last year, FSN has been slAghtly impacted in a few areas by the ¢hallen8¢s on funding FJatioJM]ly, these hav¢ been addressed through revjsiolls to th¢ methods of providing seTvices. To 5UPPOrt this, Ttu$tee5 have undertakell visits to the major]ly of projects and services over the last year, speaking to staff and providing reports to the Board along with any reconllnendations. Trustees additiondly rnonitor the tsrgets of the ¢hotity against our three-year strdtegy. In the East year TrLtstees agreed that the$¢ had beett progressed eff¢btively and currently FSN is on tra¢k to achieve thc strategic goals. AS at 3 1st Mar¢h 2025. FSN has a Board of I l Ttustees who have experience and knowledge in areas such as early years. research, GovellLaLce, iaK chAn"ty ￿cOUnts, equalitiES alld safeguarding. The Board meet bi-montbly and hold an annual strategic planlling day. Tn]stee$ expetKence and interest also att6nd Sub-committee meetings for FiJ]an¢e and Pcr$Dnncl matters. sU￿C0￿MIttees have delegated a￿thority from the Boaid to make decisions in support of the orgaDisation. Major risks aDd management of those r15ks kmanasement FSN hold8 a comprehensive risk management plan which is reviewed a ￿gUlar basis. This plan considers risks associated with the provision of operational delivery, fiDatkciat m20age]nent, Hu]nan Resource, complianc4 tecl)nology and 2reas of uncertainty. Financial finStn￿￿ts Objectives and pollcles The charity's activities expDse it to a nurnber of finan¢i41 risks including credit risl cash flow risk az￿ liqutdity risk. The use of financial d￿1vativeS is govemed by the charity's policies approved by the board of trllgtees, whi¢h provide Mritten principles i)D the use of financial derivatives to manage tbese risks. The ch&Tity does use derivative financial instnmients for specuEativt puTroses. Cash flow risk The ch&Tity's a¢tivities expose it priM￿llY to tbe financial risks of changes in foreign currency exchsnge rntes and interest rates. Th? charity uses foreign exchange forW￿d contracts and interest rate swap conttatts to hedge these exposures. Illt￿eSt be￿Ing assets and liabiliti¢$ held at fLKed rate to ensure certairlty of cash flo￿$. Fage 17 The Fellowship of St Nicholas Trustee$, Report Credit risk The charity's principal f￿￿n¢T￿l asset5 are bank balances and C￿h. trade and othei re¢eivables. and investments. The ¢hariry's credit risk is primarily attributsble to Its trade receivables. The amounts presellt￿ ill the balance sheet are net of allowances for doubtful receivable5. An allowance for Ampairn)ent js made where theie is an identified loss event which, based ott previous experien¢e, is evidence of a reduction in the recoverabi]ity of the cash flows. The credit Ti5k on liquid funds and derivative f2nancial instnllnents is limited because the counterpartie5 are baDks with high credit-¥ating8 assigned by intertlattottal credit-rating &gencies. The charity has no Signifi&￿t concentration of credit risk, with exposure spr¢ad oveT a large number of counterparties alld customers. Liquidity risk In oidei to maintain liquidity to ensure that sufficient fLmds are available foT ongoing operations and future developments, the charity uses a mixture of long-tenn alld short-tem debt finance. Further details r¢gardiLg liquidity tisk can be found in the Ststement of accounting policies in the finantial statement5. Page 18 The Fellowship of St Nicholas Trustees, Report Trustees and Dffi¢ers The trust¢&% and officers serving during the year since th¢ year e[￿ wtre ag follow5.' Chairman: Cllr. Judy Rogers, Chair Richard Cuff, Vice CbaiT Jo]m FrenGh, Treasurer Rev'd Martin H￿er Janet Wyatt Dr Roger Elias Geoff IA>Thgmire Trustees: Hayley Thon Dr AJ)ne Austen (resi￿ed 28 January 2025) Shireen Smith (appointed 23 September 2024 and iesigned 6 Jat)u8ry 2025) Nigel Lloyd Dawelle Sedgwick (appointed 23 September 20241 Tracey Rose, Secrttary (resigned 16 May 2025) FSN President- Mollie Green MBE FSN Patrons= . Andrcw Blatkntsn Lord Li¢utenant of East Su&scx Baroness Fookes DBE DL . The Right ReveTenO Dr. Martin Warn¢r fvL4 PbD M¥llJagement of the Charity is delegaTrd to the Chief Executive who is also the Secretary for the Board and the staff team. FSN employs.. 17 full time staff • 47 part_tijne $￿ff Dyring the ye8r FSN received support from 55 volunteers. StatcmeTht of trust¢e5' respott$ibilitie5 The tnL8tees (who are also tbe directors of The Fellowship of St Nidykla5 loi the puTroses of conjpany law) ate respollsible for preparing tbe thL8tee8' report alld tbe financial statements in accordancc with applicable law and United Kingdom Accounting Stand2rds (United Kingdom Generally Accepted Accoullting Practice), including FRS 102 "The Financial Reporting Standard appli¢able in the UK and Republic of Ireland" Page 19 The Fellowship of St Nicholas Trustee5' Report Compatty Law requires the tNstee5 to prepare financial Statements for ea¢h financial year. Under company law the trustees must not approve the financial statements unless they are sat15fi¢d that they give a twe and fair view of the state of affairs of the Charitable co]npany and of the in¢Dming resources and application of resources, illcluding its income and expettditure, of the charitable company for that period. In preparing these financial statemellts. the ts￿stees are reqU￿¢d to.. Select suitable accounting policies and apply them con515tently* observe the methods and principles in the CILarities SORP; make judgements and estjmates that are Teasonable and prl￿t￿l,, State whether applicable accounting standards, Co￿p[l57￿B FRS 102 have been followed, subje¢t to any material departures dis¢los¢d arLd explained in the financial ststements. and prepaEe the financial statements on the going concerll basis unless Li is inappropriate to presume that the charitable cO￿p￿Y will contsnue bLtsiness. The trnstees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable theEn to en5UTe that the financial 5tatemerLts comply witb the Companies Act 2006. They are aLso Tesponsible for safeguardillg the assets of the charitable co￿panY and hence for taking reasonable steps for the prevention and detection of fraud and other i￿gularitics. The tru5tee5 iesponsible for the maintenance and iniegrity of the corporate and f￿￿[1¢1&] Inforniation included on the charitable eompany's website. Legislation governinE the piep)ration and di55eminatiott of financial statements n)ay diffei from legislation in otherjuTi5di¢tions. Di5tlosMre of information to auditor Each trustee has taken steps that they ollght to have taken as & ttustee in order to ￿￿ke theTrselves aware of any relevant audit info￿￿tion alld to establish that the charity's auditor is aware of that infottnation. The trustees ¢onfirni that there is no relevant infortllation that they know of alld of wkn.ch they know the auditor is unaware. Auditors A￿dItorS are appointed at FSN'S AGNI. In 2024. the AGM wag held on Motjday 23Td September where it was agreed to tender for the Auditor for the charity. The new A￿lItOr wa8 appOI￿ted in December 2024. FSN'S 2025 AGM will be held on Monday L5th Septen]ber. The annual re ort was approved by the trustees of the charity on.. ... and gigned on its behalf by.. Cllr. Chai dy Rogers Page 20 The Fellowship of St Nicholas Independent Auditor's Report to the Members of The Fellowship of St Nicholas Opinion We have audited the fiJ)an¢ial gtatements of The Fellowship of St Nicholas (the 'chaTity) for the year end¢d 31 Marth 2025, which comprise the Statement of Financial Activities. Balance Sheet, Statejnent of Cth Flows. and Notes to the Fillancial Ststements, In¢lUdll￿ a sumrw of significant a¢coullting policies. Th¢ tinancial reporting framework that has been applied in tbcir prepar&tioJ is United Kingdom A¢coullttng Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard app]icable iti tbe UK &nd RepubIic of Irelalld, and applicable law (United Kingdom Generally Accepted Accounting Pr8¢ticel. tn our opinion the fiD￿cial 8iateEnents.' give a true and fair view of the stat¢ of tbe dI￿lty,$ affaiTS as at 31 Mar¢h 2025 and of Lis iiiti)IrisDg resour¢es and application of resources includin8 its incomc and expenditur¢, for the year then ended.. have b¢en pmperly prEpa￿d in accordance witb United Kingdom Generally Accepted Ac¢ounting Pra¢ti¢e; have becn prepared in accordau¢e with the requirements o£the Cornpani¢s Act 2006. Ba51$ for opinio We cgndu¢ted our audit in accordance with tnternational Standards OD Auditing (L￿) (ISAS (UKI) alld applicable law. Our iesponsibilities under thDSÈ Standards are further des¢ribed in the auditDI responsibiIities for the audit of the finaD¢ial MJt¢ments section of our repon. We are independent of the clwity in 2¢¢0f¢Jan¢e with the ethical requ]rernEnt5 that are relevant to our audit of the fin8n¢ial statements in thc UK, including tht FRC'S EthicaI Standard. and we have fuif7llEd our other ethical re$ponsibiliti6s accordance with these rcquirements. W¢ belIeve that the audit ¢viden¢e we have obtained Is siKffiGient and appropriate to provide a basis for our opinion. CDntluslons reladng to going coneer In auditing thc financial statements. we have concluded that the truytees ust of the going concem basig of accounting in the prq)aration of th¢ financial statemeThts is appropriate. Based on the work we have perfor￿e4 we have not idents.fied any TratEri￿ uncertainties relating tt> events or conditions that. individually or collectively, may ¢ast significant doubt on the charity's &bility to contirlue as a goiDg concern for a PeTiod of at least hvelve tt)onths from when tbe origind r]nollcial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the levant sections of this report. Other ijrformatio The ttustees are Eesponsible for the other inforntstion. Th¢ otb¢r inf0m￿tio￿ comprises the Info￿atIOn includ¢d in the aDnual report, other t]￿1 the fiEwicial ststements and our auditor's report th¢reon. Our opinion on tbe financial stst¢ments does not cover the oth¢r iThfomution alld, except to the extent otknryse expLtcitly srated iti our repor¢ we do J)ot express any folln of assurance conclusion thereon. In tonne¢tion with our audit of the financial Statements, our responsibility is to Tead the other infornlation and, in doijjg so. couthder whether the other infornlatton is materially incon5iStent wth the finaD¢i&l staternents or ourknowledge obta7Ded in th¢ audit or othernryse appeaT5 to be materially misstated. If we identify such tr￿terIal incongistencies or apparetst mat￿la1 ￿15s￿tt￿tDts. we are requir¢d to d¢terniine whettker there Rs a rnaterial misststetnent in the financial st&tcnJcllts or a matetitl misstatemeut of tbe otber infornation. 1£ based on the work wc have perforned, we conclude thai there is a material misstatcment of this otb¢r lufDllllatiO￿ we are required to report tbat fact. We have nothing to report in this regard. Pag¢21 The Fellowsbip of St Nicholas Independent Auditor's Report to the Members of The Fellowship of St Nicholas Opinion oll other nvarter prescribed by the CompAnies Act 2006 In our opinion, based orl the work undenaken in the course of the audit.. the ]nfOrn￿tioTh given in the Strategic Report and Trustees, Report for the fmancial Ye￿ for which tbe f11￿￿cial statements are prepared Is consistent with the financial statemerlts., and the Strate￿C Report and Tru5tees' REPOtt have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptio In the Light of our knowledge and llnderstanding of the charity 2nd its enviroDment obtsilled in the course of the audit, we have not identified ￿aleft￿l misstatements in the Str&tegic Report and the Trustees, Report. We have nothing to report in respect of the following matters wbere the Companies Act 2006 requires us to report ttk you if. in our opinion.. adequate accounting records have not beerl kept. or returns adequate for our audit have ttot been received from branches Ilot Trisited by us,. or the financial ststements are not in agreement with the accountthg records and retutns: or cert&in disclosures of tNstees remuJeratioll specified by law are not made,. or we have Jot received all tlLe iDfollnation and explanations we Tequire for out audit. Respon5ibilitie$ of trustees As explained more thlly in the Staterllent of trustee5' responsibilities (set out on pagt 19 and 201, the tn]stees are tesponsible for the preparation of the financial staten]ellts and for being satisfied that they gsve a true and fair view, alld for such intemal control as the trustees detennine i5 necessary to enable the prep&ratioll of financial statem¢￿t5 tILat ate free fro￿ umterial n]i5Statement, whether due to fraud or error. Ill preparing the financial siateJnerLts, the trustees responsible for a5se55ing the charity's ability to continu¢ as a going concern, diselosing, as 3pplicable, n]atters related to going concen) and using the going concern bas15 of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic Iternative but to do 50. Allditor respoDsibilities for the audit Of the financial state￿ents We have been appointed a5 auditors under Section 144 of the Charities Act 2011 alld report in accordance with the Act and relevant regulations made or having effect tbereundei. Our objective5 are to obtain reasonable assurance about whether the flnancial statemellts as a whole are free from material n]is5tatemenL whetheF dut to fraud or error, and to issue an auditor'8 report that includes our opinion. Reasonable assurance is a high level of a8SUTan¢e, but is noi a guararltee that an audit conducted in accordance with ISAS (UK) will always detect a material ￿15StateMent whett st exists. Misstateinents can aTise froTn fraud or ¢rror and ar¢ considered material if. individually or in the aggTeg2te, they could reasonably be expected to infiuence the econoEDiC deei8iODS of users taken on the ba515 of these finth¢sal statements. The extent to which our procedure5 are capable of detectitig irregularities, including fraud is detailed below.. Page 22 The Fellowship of St Nicholas Independellt Auditor's Report to the Members of The Felloivship of St Nicholas The detection of fraud 3nd I￿¢g￿laritieS is a primary ¢onsideEation of the audit planning and is carritd througb to the audit completion stsgc. A ti5k ass¢sstnent and prelirninary analytical Teview is uLdtrt3ken at th¢ planDl￿g stage and aTeas of concern are then built into the audit strategy at￿ t£$ting to ell5ll￿ sufficient proeedure5 and evidence is obtsined to giYE cornfort that material irregularities and potential instaDces of fraud are detectcd where possible. The audit tearn is bri¢fed regarding any areas or concern. th¢ potential audit risks attd cons4uential impact. The audii teaTn remained vigilant throughout their work and made enquiiits of key management peisonnel throughouL The Fellowsbip of St Nicholas key mattagejnent were consult¢d on any kno￿Th or suspected breaGhe8 in laws and regulatioJ)s along with m15appropiiation of fundg at both the planning ￿ completion stages of the audil. Due consideration given to tbe possible use of management oveEride alld this built into audit Strategy. The I￿lt￿al risk assessment highiLgbted a potential show stopper beitig of non-compliance Ofsted. The Fellowship of St Nicholas last had an Ofst¢d inspection in 2022 for all nuTseri¢s. There has beett rLQ sub$¢qvential exewtioos or report% to indicate thT5 has cbang¢d. Th¢ purpose of the prelimitmry at￿l￿1¢al review of the fllwicial Statell￿nts is to highlight any possible arth8 of concern to investigate whether the VOTiance 18 expected or unexpected, based on the Inforn￿tion obtained as part of the planning process md tbe CUErent climale the cbarity is operating under. Relevant audit tcsts had then been planned to obtain SUPPOTting documentation to ensure that Lhey 3Te vritlain th¢ chaTit&ble objectives and no isappropriation of funds by way of fia[￿, or misstateme))is. Latest acCO￿ts di5¢105ure checkli$ts available also completed tt> ensure tht accounts Comply witb the litest reporting framework tbat is appliccible to the charitable comp￿Y. Th￿e are aspects of the audit which are deIiber&tely uwedictable to assist in the detection of i￿egUl￿1ties, such as varying how we test ltell￿ which are rnore susceptible to fraul year on year alld by incorpornting systematic sampling ovcr the populatioll5 tested. Use of our report This report is made solely tr> the cknitable company's trustees, as & body. in accordance with Chapter 3 ofpart 16 of the Companies Act 2006. Our audit work been urldertaken so that we m￿g￿t state to the chaiity's trustcc% tho%e D]atters we aTe required to srate to them in auditor's report alld fDr no other purpose. To the Ilest extmt pcrmittcd by law, we do nDt accept or assume responsibi]ity to anyone other than the ¥h￿l￿blE company and its thJste¥ as a body, for our audit wotL for this report, or for the opini(>DS we have formed. Rowena Walsh FCCA (Senior Statutory Auditor) For and on behalf of Matinillgtons, Sta￿tOry Auditor 39 High Street Battle Eayt Su$s¢x TN33 OEE Date.. ..25..Q.9.,25........ Pase 23 The Fellowship of St Nichola$ Statement of Financial Activities for the Year Ended 31 March 2025 Uncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Note Ineome aDd Ertdowments froJD: Donattons, legacies and gtallts Cboritable activities ve5ttnent income Other tsading acts"vities 11.955 250.873 30,646 224,688 77,186 1.171,133 89.141 1.422,006 30,646 250,958 26,270 Total income 518,162 1,274,589 1,792,751 Eipenditure on: Raising funds Charitable ￿tiVitIeS (1.9591 1492.4291 (7.207) 11,396.1831 19,1661 (1,888.6121 Total expenditure Ga￿￿l09$es on irlvestment assets 1494,388) 3,780 (1.403.390) (1,897.7781 3,780 Net inCo￿e/(C￿peuditur6I 27,554 1128,8011 1101,247} Net movement in fund5 27,554 1128,8011 1101,247) Re¢on¢kliAtion of futsd$ Total funds brought forward 1.295,967 574,816 1,870,783 Total fuThds canied foThTard 21 1.323.521 446,015 1,769.536 The notes on pages 28 to 46 forni an integral part of these financial statema)ts. Page 24 The Fellowship of St Nichola$ Statement of Financial Actlvities for the Year Ended 31 March 2025 (IncludAng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Totsl 2024 Trlote Income #nd Elldownients from: Donation$. legacies and Charltable aetivities Investment income Other trading activities 12.788 267,784 20,517 252,582 266,603 798.801 279,391 1,066,585 20.517 279,381 26,799 Tolal in¢ome 553,671 1,092,203 1.645,874 Expendiknre on.. Raising fimdy Charitable activities (2209) 1518,6041 (6,8201 1,164,049) 19,029) 11,682.653} Totsl eKpenditurt Gainsllosses on inveltrnent assets 1520.8131 1,646) (1.170.869) 11,691.6821 (1,646) Net incornellexpet)ditLUE) 31,212 178,6661 {47,454) Net ￿0verneDt in funds 31212 (78,666) (47,454) R¢¢on¢iliation of funds TotaI fimds brought fonvard Total funds ¢aNied forward 1,264,755 653,482 1.918237 21 1295,967 574.816 1,870,783 All of the charity's activities derive from COnti￿UlA8 opttatiorjs duxittg the aiK>ve two periods. The funds breakdowll for 2025 and 2024 is shown in note 21. The notes ott pages 28 to 46 form an integral part of these finaTLcial statements. Page 25 The Fellowsbip of St Nicholas (Registration number: 00371615) Balance Sheet as at 31 March 2025 2025 2024 Not¢ Fixed assets Tangible assets tnvesth)ents 14 15 948.620 92.247 977.032 88,467 1.040,867 1.065,499 Current fissets Debtors Cash at bank and in hand 16 14,966 801,206 20,159 870,460 816,172 890.619 Creditors: Amounts falling due withill one year 17 (47,5031 145,335} Net current assets 768.669 845,284 Total assets les$ current liabilities 1,809,536 1,910,783 Creditors: Amount5 falliDE due after more than one year 18 140,0001 (40,0001 Net assets 1,769,536 1,870,783 Funds of the charity: Restricted ineome funds Restricted 21 446,015 574,816 Unrestricted income fullds Unrestricted knds 1,323.521 1,295,967 Total funds 21 1,769,536 1,870,783 The finan¢ia] ststements on pages 24 to 46 were approved by the trustees. and authorised for issue on IS.I.fiAa-S.... 8nd sign¢d on their behalf by.. Cllr. Cha ogers The notes on pages 28 to 46 foTrn an integral part of these fJnan¢ial State￿eThts. Page 26 The Fellowship of St Nieholas Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating aetivitits Net cash expellditEwe Adjustments to cash flows from non4a%h Èterns D¢pre¢iation Revaluation of invcstmeTyts (101.2471 {47,454) 28,412 (3,7801 176,6151 29,783 1,646 (16,025) Working tspitsl adjustments Decrease in dcbtr>rs Increas¢ in ¢r¢ditors 16 E7 5,193 2.168 3,935 21,256 Net cash flows from operatitig actiTritie$ 169,254) 9.166 Net (deeieasellincrease tn cash and ¢ash eqwvalents Cash and cash equivalents at l April (69,254) 870,460 9,166 861,294 Cash and cash wivalents at 31 March 801,206 870.460 All of the cash f[0￿ are den.ved from contitiuing operatious during the above two p￿10d$. The notes on pages 28 to 46 forn an intrgral part of these financial statements. Pag¢ 27 The Fellowship of St Nieholas Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity status The Charity is limited by guarantee, inco￿orated in England and Wales. and ¢onsequently does not have sh￿e capital. Each of the trustees is Liable to contribute an amount not exceeding £1 towards th¢ assets of the charity in the event of liquidation. The addres$ of its registered office is.. St Nicholas Centre 66 London Road St Leonard5 on Sea East Sussex TN37 6AS 2 Accounting po￿¢1¢$ SLtmrnary ofsigDifJcant accounting polieies and key accounting estimate5 The ptincipal accoulltsng policies applied in the preparatiotk of these finallcial siaiejnents are set out below. These policÈes have been consistently applied tD all tbe years presented, unLe8s other￿￿Se stated. Statemellt of collhpliance The finallcial ststemerlts have been prepared in accordance with Accounting and Reporting by Charities-. State￿ent of Reconunended Practice (applicable to charities preparing their accounts ITh accordance with the Financial Reporting Standard applicable in the UK and Republic of ]reland IFRS 102)) (issued llJ October 2019) (Charities SORP (FRS L021), the Financial Reporting Standard appljtable in the UK and Republic of Ireland (FRS 1021 aud the Companies Act 2006. Basis of preparatio The Fellowship of St Nicholas meets the definition of a public benefit entity undei FRS 102. Assetg and Isabilities are initially retognised at historical c05t or transaction value unless otherwise Stated in the relevant accounting policy notes. Going collcer The trustees consider that there are no material uncertaintie8 about the charity's ability to continue as a going concern nor any significant areas of un¢ertainty that affect the carrying value of assets held by the charity. IDcome alld endowment5 All in¢ome resources are itkcluded in the Statement of Financial A¢tivittes ISOFAI when the charity is legally entitled to the income after ally perfomian¢e Conditions have been met. the alnouut can be ]nea5ured reliably atjd it is probable that the Incotne wll be ieceived. Page 28 The Fellowsbip of St Nicholas Notes to the F5n&ncial Statements for the Year Ended 31 March 2025 Donat10115 and legacies For donations to be recognised the ¢kkarity will have been llottfied of the amounts ￿}d the settlement date in Titing. If tbere are conditions attached to th¢ don&tioo and this rÈquires a level of performance before entitlement can be obtained then the income 18 deferred until those conditions are thlly met or the fislfihnetLt of those conditions is within the Control of the clmity aod it is probable that they will be fi]Ifilled. For legacies, cntitlernent is the ¢￿]ler of the charity being notified of an impendiug distribution or the legacy being received. At this point incorne 15 recognised. On occasion lega¢ies will be notified to the charity however it is not POSSI￿le to measure the amount expeded to be distributed. On these occasions, the legacy is treated 85 a contingent asset and th"sclosed. Grallts receivable The charity re¢eives loca] goverrjmellt grattts in respect of the provision of ¢hildcare facilitith th¢ome from local government and other grants are Tecognised at fair y￿UC when the chaTity bas entitlement after any performance ci>nditiO]1s have been meL it is probable that the income will be re¢eiY¢d and the amount can he mwuted Eeliably. If ¢ntitl¢nient is not met then these amounts are defetted. Glfts In kind Where practicabl¢. ￿fi$ in kind donated for distribution to the b¢nefi¢iaties of the Ch￿lty are tticluded in stock and donations in the finkncial statements up)rn receipt. If it is impActiGablc to assess th¢ fair value at receipt or if the costs to undertake such a valuatiDn Outweigh any benefjts. then the f&it value is rtcogn15td as a component of donations when it is distributed and an equivaE¢nt amount recogDisEd as ¢haritabl¢ expenditurc. Gifts in kitid dollatEd for resate are imcluded at fair value, being the expected proc¢¢ds from sale less the expected Costs of Sale. Where estinJatillg the fair value is Pr￿[cable upoll receipt it is recogtLised in stock and 'irJcome from other trading activities,. Upon sale, the value of the stock 15 charged agaiost 'in¢ome froln other trading actiwties, 2nd thc proceeds are reco￿lSed as 'income from other trading aCti￿tIcS,. Where it is ilnpracticable to faiy value the ittrns due to th¢ voltune Df low value items they are not Eecognised in the financi￿ ststements until they are sold. Thi5 income is reco￿lSed within 'in¢ome from other tr2ding activities,. Fixed asset gifts in kind &re retognised when reeeivable and are included at fair value. They ￿e not deftrred over the lifB of the asset. Dongted serriees alld facilÉtie5 DoDated fa¢ilities and donated professional seEvices are rwognised income at th¢ir fair value when their economi¢ bencfit is probable. it ran be measured reliably and the chaTity ha5 contsol over the itern. Fair value 15 det¢miined on the basis of the valu¢ of the brft to the GhaTEty. For ex2rnpl¢ the amount the charity would be willing to pay kn the open market for such facilitie5 and s¢ryi¢¢s. A Corresponding amount is recognised expeudityre. No 2]nount is included in the fiDanciaI stat¢m¢nts for volunteer time in iine with the SOIPP (FBS 102). Further detail is given in the TnLStees' Amiual Report. Investment income Inveslment income is earned througb holding asscts for investsllent putposes such as shares and propety. It includes diTridellds. interest 2nd rerlt. it is not practicable to identify invcslment matsagement costs incurred wttbin & 8¢heme with reasonable a¢¢uracy the Envestment itjcorlle is reported net of these ¢osis. it is included when the amount call be measured reliably. tnt¢r¢st in¢ome is recowsed using the effective interest method and dividend and rent incoll￿ is recognised as the ¢lMn"ty's light to receive payment is estsblishe(L Page 29 The Fellowship of St Nicholas Notes to the Financial Statements for the Year Ended 31 March 2025 Charitable actlTrryties Income from tsding activities includes incorne earned from fuDdraising events and trading actLYLties to raise fi]nds for the charity. I[L¢0￿¢ is received in exchange for supplying goods alld services in order to raise fund5 and Is recowsed when entitlement has o¢¢urred. Othtr income Other 1￿con]e includes the Conversion of elldowment funds into income which arises wben capital funds aTe r¢l¢8sed io an 1￿come fur￿ from expendable endowments or when a cl￿rIty lJas authority to adopt a total return approach to its pemianent endownent fund. It a150 includes other incorne such as gains on disposals of ta￿gible f￿¢￿ a55ets. Expenditure All expendituie is accounted for on an accruals basis and has been tlassified under heading5 that aggregate all costs related to the category. Expenditure is re¢ognised where there is a legal or ¢onstrllctive obligation to mthe payments to third parties, it ts piobable that the settlement wkll be required and the amount of the obligation call be Jneasured reliably. It is categorised undei the followstig headillgs.. Raising funds 2ncludes expenses directly related to fuDd raising. such a5 advertising a fi]ndraising event. Ch#rlt#ble Attirfdes includes expenses involved in the rl￿n]llg of charitsble projects. Such AS Staff salaries,. aod Other expenditure represents tbose item8 flot falling into the categoriES above. Taiation The chatity is ¢on5ideted to pass the tests set out in Paragraph I Scbedule 6 of the Finance Act 2010 2nd therefore it meets the definition of a Gharitable coTrpany for UK co]poration tax purposes. Accordingly, the charity is Potelltially exempt from taxation in respect of incorne or tapital gains received within categories covered by Chapter 3 Part I l of the Cotporation Tax Act 2010 or Se¢tiott 256 of the Taxation of Chargeable Gain5 Act 1992, to th¢ extent that such inco￿¢ or gains 2te applied exclllsively to charitable purpose5. Tgngible fixed assets Tangible fjxed assets are stated at cost lor deerned costl or valuation less accumulated depreciation and accumulated impaim)ent losses. Cost includes costs directly attributable to making the asset capable of operating a8 intended. Page 30 The Fellowship of St Niehol25 Notes to the Financial Ststements for the Year Ended 31 March 2025 Depre¢latioD aDd amortisation Depreciation is provided on tangible fixed assets 50 as to ￿11¢ off the cost OT valuation, IE5S any estin)at¢d residllal value. over th¢ir expected usefiJ] econon)i¢ ]ife a5 follows- Asset ¢las$ Freehold Property St Nick's NU￿ery & T￿Ining Centre St Leon￿dS Children's Centre Fixtures, fittings and equipment co￿puter equipment MoEoT vehicles Depreciation method and rate l /tr straight line l /ts straight line and IOD/o straight ]ine 10% gtraight line 200/0 straight ]ine 33.33 /0 straigbt line 25 /ll Strdigbi line A pyoperty, The Robsa¢k Centre, is managect by the cI￿ltable con)pany. It Is leased from Hastiw Borougb Coun¢il. a 30 year lease cnding on 18 January 2033. in order to enabl¢ the ¢hatity tts further develop the eff¢cttYeness of its charitable work. l)npairnient of fixed assets Assets not measiired at fair val￿e are revicwed for any indication that the asset may be ]rn￿1red at each balance sheet date. If Such indication exists, the recoverable amount of the asse¢ or the agset's cash gell¢r&ting unit. is estimated and cornparcd to thc carrying amount. Wbere the carryryng arnount exceells its reooverable amount , an impairmellt Ioss is Eecognised in profit or loss unless the &5SCt is carricd at a revalued amount wheie the irnpairrnent loss is & revaluatioll decrease. Flxed 4s$et investJn¢nts Fixed asset investments, other thall programme related inveslment8 aTe included at market value at the balance $h￿t d&te. Rca]i8ed gains and Ioq8e8 on investyettts are calculat¢d as the difference betrATeell sales proceeds and their market value ai the start of tbe year, or their subsequent cosL and are chargcd or credited to the stat￿nellt of Financial Activities in the period of dLsP05￿. unr￿liSed gains and losses rtprestnt the movement in Tnarket values duF]ng the year and are uedited or ¢harg¢d to th¢ Ststein¢nt of Financial Activiti¢s based on the rnar1￿ value at the year end. Trade debtors TEade debtors are arllounts duc from cu5torners for mercEwidise 501d or services perfomed in the ordinary course of bussntS5. Trade debtors are re¢ognised initially at the transwtioD price. They are subsequently meastrf at amortised cost using the effective intErtst rn¢thod. less ptoNissDn for impairment. A provision for the impairn)¢t)t of trad¢ debtOTS is established when there is obje¢tive evidence th&t the ¢haTity will not be able to colle¢t all amounts du¢ according to tbe origjnal terms of the receivables. Cash and eash equivalents Cash and cash equivalenis comprise cash on h3nd and call deposits. and other sbort-term higbly liquid ]rLvestD￿its that aEe Ieadily convertible to a known arnount of cash are subject to an Insig￿lfiCant risk of change in value. Page31 The Fellowship of St Nieholas Notes to the Financial Statements for the Year Ended 31 March 2025 Trade creditor5 Trade ¢reditors are obligations to pay for goods or services that have been acquired in the ordinary course of busines5 froTn 5uppli¢rs. A¢¢ounts payable are classified a8 current liabilitie5 if the ¢hznty does not have an unconditional right, at the end of the reponing period, to defer settlemellt of the creditor for at lettst twelve M)Thths after the reporting date. If there is an unconditional right to defer settle]nent for at least twelve months after the reporting date, they are presented a5 110Th-current liabilities. Trade creditors are recog￿sed initially at the transaction price and subsequetjtly measured at amortised cost ing the effective interest method. BorroTrYings BoTFowryngs C]￿5]ried a5 current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Concessionary loans include those payable to a third paty which are interest free or below market rates alld are Djade to advance charitable purposes. IWTrere the loaJJ is repayable more than pne year, the loan is initially measured at value and the clwity ILas adopted tbe policy that no pr0TrTr5ioll is made foi iD]pa]mient or aTtLOrtis&tioTh subsequently. Employee benefits When employees have rettdered gervice to the charity. short terin en]ployee benefit5 to which the ernployee5 aTe entitled are recognised at the undtscounted amount Expected to be paid in exchange for that sepvTrCe. FllDd stru¢tllre Unrestricted fullds are available for use at the di5cietion of the trustees furtberance of the general objective5 of the charity and which have not been designated for other purposes ut)restri¢ted income fijnds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the ¢harity. Designated filnds cojnpose ujjrestritted fund5 that have been set aside by the trustees for particul￿ purposes. The aiD] and use of each destgnated fund is SEt out in the notes to the financial statements. Restricted fiulds fund5 which are to be used in accordance with specific iesth¢tiolls i￿posed by the donor5 or which have been raised by the charity for particulat pu￿0$¢$. The c05t of iasing and adtllini5tering such fund5 are charged against the specific fund. The aim and use of each specific fi]nd is set out in the notes to the fi]wicÈal statements. Pensions and other post retlrement oblTrgatiDD5 The charity operates a defined contribution pension scheme which is a pe)sion plan under wbich fLKed contributions are paid into a pension fund and the Chatity has no legal 01 constructive obligatLOIi to pay further contributions even rf the fithd do¢5 not hold sufficiellt assets to pay all employee8 the bettefitg relating to employ¢t service in the current and prior periods. Contiibutiolls to defined contribution plats are recognised in tbe Statement of Financial Activities when they are due. If contribution payments exceed the conttibutiorL due for seryi¢e, the excess is recO￿ls¢d as a prepayn]ent. Page 32 The Fellowship of St Nicholas Notes to the FRnan¢ial Statements for the Year Ended 31 March 2025 3 Income Irom donations and legacies Uorestricted nds General Restricted fund$ Total 2D25 Donatitsng and legacies,. Dollalions fro]n compatiies. trusts and similar proc¢eds 11,955 77,186 89,141 11,955 77,186 89.141 Unrestricted fullds General Restritted funds Total 2024 Don￿long and legacies; Donations companies. trt]sts and similar pro¢eeds 12,788 266,603 279,391 12,788 266,603 279,391 Page 33 The Fellowship of St Nicbola$ Notes to the Financial Statements for the Year Ended 31 March 2025 4 IDcoEthe frotll charit4ble activities Ullre5trÉ¢ted fullds General Re$tri¢ted funds Total 2025 Private Fees 249,801 249,801 721,136 143,071 27273 so.000 99,367 66.456 ESCC - EYEE ESCC ESCC - ELlJan¢ing Exclusive Practice ESCC - Rejuvellate PCNICCG PCN Health Coach National Lottery Com]nunity Fund- Eic London & SE Region- Ref.. 20229789 Vatious other 721.136 143.071 27.273 50.000 99,367 66.456 60,764 3,066 60,764 4,138 1,072 250,873 1,171,133 1,422,006 Unrestricted fullds Gener#} Restricted funds Totgl 2024 Private Fees 261,784 261.784 477,268 63,575 24,243 8,052 31,348 106,216 66,456 ESCC- EYEE ESCC ESCC- Enhancing Exclusiv¢ Practice Children In Need Big Lottery Fund- Dragotjflies.. 10340609 Big Lottery Fund- The Hub (TAI 20103816 PCN Health CoaclL National Lottery Con]munity Fulld - RC London & SE liegion - Ref.. 20229789 Various other 477,268 63,575 24,243 8,052 3L,348 106,216 66,456 12,711 8,932 12,711 14,932 6,000 267,784 798,801 1,066,585 Page 34 The Fellowship of St Nieholas Notes to the Financial Statements for the Year Ended 31 March 2025 5 IDvestment income Unrestricted fund5 General Total 2025 Total 2024 Interest recejvable and 5imiEar incL)Jn¢' Interest receivable on bank deposits Other income from fixed agset investrn¢nts 25,147 5,499 25.147 5.499 15,292 5,225 20,517 30,646 30,646 6 Other trading activitie5 ithcome Unrestrlcted fuDds General Rtstrlttrd funds Total 2025 Project ftes and rents Otbpr trading activities 204,506 20,182 204,506 46,452 26.270 224,688 26.270 250,958 Unrestricted fund5 Geuerxl Restrieted ds Total 2024 Project fees and rents ()ther trading activities 223.502 29.080 9,600 17,199 233.102 46,279 252,582 26,799 279.381 Pag¢ 35 The Fellowship of St Nicholas Notes to the Financial Statements for the Year Ended 31 March 2025 7 Expenditure on rAi$ing funds al Other ¢o$t$ of generating donation5 and legacie5 Unrestricted fund5 GenerAI Re5tricttd funds TotAI 2025 CDSts of generating donations and legacies- administration costs ,959 7.207 9.166 Ullre5tricted f￿ndS Gener81 Restricted fund5 Total 2024 CDSts of generating cLonatlDns and legacies- administration costs 2.209 6.820 9.029 Page 36 The Felloivshlp of St Nicholas Notes to the Finanti21 Statements for the Year Ended 31 March 2025 8 ExpeDdlthre on thxritable activities Unrestricted funds Deslgnated GenerAI Restrictsd fwllds Totsl 2025 Note Running expen5e5 StsiT¢osts DepIeciation of tsngible fix¢d assets 271.490 192,S26 280,314 1,115,869 551,804 1,308,395 12 16,721 11.692 28,413 1,888,612 16,721 475,708 1,396.183 Aetivity I￿￿ertaken d1￿ctlY Aetlvity Support costs 2025 Total &KpendEturc 1,806,040 28.413 1,834,453 Uurestricted fvnds DesigDatsd C¢DÈral Restrietsd funds Totsl 2024 Nots Running expensey Staff costs DepreGiation of iatigibl¢ fixed &ssets 238.959 249,862 271,825 892,224 510.784 1,142.086 12 16,721 13.062 29,783 l6.721 501.883 1,164,049 1,682,653 Activity ndertaken directly ACtI￿ty sllpport eogts 2024 Total expenditure l.652.870 29,783 1.682.653 9 An21y5is of 5UPPOrt costs Support costs are those that assist the work of the ch￿lty but do I￿t dir￿tlY represent charitsble activities include offi¢e costs, goveTnance G05ts, adrniThistrative payroll costs. They are incurred dire¢tly in SUPFOrt of ¢Kpenditure on the objeet$ of the charity and iac2ude projcd management ¢attied out at headquarte￿. support costs eannot be direotly atiTibuted to particular headings they haye beell allDcated to cost of raising funds and expellditure on charitable activities on a basis consistent with use of iesources. Premises oyerheads have been allocated by a calcvlatiou based on the a7nouTht of tirne that aD activity uses a facility and oth¢r overheads have been allocated on a staff hourg basis. Fund-raising cost5 are those incurred in seeking voluntary contiibutioDS and do not illclude the costs of disseminating information in support of th¢ Charitsble a¢tiNities. The allaly5is of these costs 15 included in note 7. Page 37 The Fellowship of St Nicholas Notes to the Financial Statements for the Year Ended 31 March 2025 10 Net illcomingloutgo5ng resource5 Net outgoing resources for the year include.. 2025 2024 Alldit fees Depreciation of fixed a5SEts 9,600 28,413 5,600 29,783 11 TTusÉees remuneration and expen5e5 No tru5tee5, llol any persons ¢onne¢t¢d witb have received any remuneraiion from the charity duzing the year. No trustees have received any reimbursed expeDses or any other benefits from the charity dursng the year. Page38 The Fellowship of St Nicholas Notes to the Financial Statement5 for the Year Ended 31 March 2025 12 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Stsff Costs during the year were: Wages and salaries Soci&] security tosts Pension costs Other staff costs 1,204.740 76,007 20.896 6.752 1,056,341 62,026 18,429 5.290 1.308,395 1,142,086 The monthly &verage nuTnbeT of p¢r50ns {including senior rtthnagem¢nt I leadersbip team) employed by tbe charity during the y¢ar expressed a5 fi]11 time equivalents as bllows.. 2025 No 2024 74 70 No employet received emoluments of more tIMI £60.000 during the year. Key managernent perso1￿e1 remuneration in the yw totalled £93.793 (2024- £79,510). Employee benefit oblxgations Definetl ¢ontribution p¢]tsion plans The charity operates & defjned contribution pension plan for ivs einployees. Th¢ arnO￿t recognised as an expeJ)se in the year wag £20,896 (2024_ £18,429). Pag¢ 39 The Fellowship of St Nicholas Notes to the Financial Statements for tbe Year Ended 31 March 2025 13 T#xation The charity is & reyster¢d ch&rity and is therefore exempt from Corporation tax. 14 Tangible fixed a5set5 Improvemellts Furniture to and property equipment Freehold property Illotor vehicles Computer ¢qU￿p￿ent Tot21 Cost At l April 2024 DisP05als 902,360 587,983 63.468 57,634 (22,724) 44,766 1,656,211 22,724) At 31 Mar¢h 2025 902.360 587,983 63,468 34,910 44.766 1,633,487 Depreciation At l April 2024 Charge for the year Elitninated on disposals 450,796 7,050 82.695 9.671 63,468 40.419 8.727 122,724) 41.801 2.964 679,179 28,412 122,7241 At 31 March 2025 457.846 92,366 63,468 26.422 44,765 684.867 Net book volue At 31 March 2025 444.514 495,617 8.488 948.620 At 3 1 March 2024 451.564 505.288 17,215 2,965 977,032 Page 40 The Felloivship of St Nicholas Notes to the Finaneial Statements for the Year Ended 31 March 2025 15 Flxed asset Énvestments 2025 2024 Other investtnents 92,247 88,467 Other illvest￿ellts Listed invÈ$tments Total CDst or V4luAtion At l April 2024 Reva]uation 88,467 3,780 88,467 3,780 At 3 1 March 2025 92.247 92247 Net book value At 3 1 March 2025 92,247 92,247 At 31 March 2024 88,467 88,467 The market valuE of the Iisted investments at 31 March 2025 w £92,247 (2024- £88,467). There were no investsnet)t assets outsid¢ of th¢ UL The Encorne, expenses, net gains and losses attributable to the charity's finanacial instnJm¢llls &r¢ sunjmthsed as follow8= Financial assets ￿easUrEd at fair value through net income 2025- £3.780 gain {2024- (£1.6461 loss). 16 Debtors 21125 2024 Trade debtors Prepayments Otber debtors 10,881 4.085 20,158 14.966 20.159 Page 41 The Fellowship of St Nichola5 Notes to the Financial Statements for the Year Ended 31 March 2025 17 Creditors- amounts faIling due withlb one year 2025 2024 Trade creditors Other creditors Accruals and defE￿d iticom¢ 26,607 11,296 9,600 29,481 8,769 7,085 47.503 45.335 18 Credltors: amounts falling due after one year 2025 2024 Other loans 40,000 40,000 Included in the GTeditots are the following amounts due after more tha￿ five years.. 2025 2024 After more than five years not by instal￿ents 40,000 40.000 Other loan$ gfter five years It has come to the attention of FSN afteT the Balance Sheet date that it is unlikely that the loan will ever n¢ed repaying. Furtber information wiIl be know ill due Course. 19 PensRon and other 5cheme5 Defined ¢ontribution pension scheme The charity operates a def]ned contiibution pension schetne. The pension cost Ch￿ge for the year represents contributions payable by tbe cI￿lty to the scheElle and amounted to £20,89612024- £18.4291. 20 Related party transaetions During the year Trllstees bave Djade donations wlthout co]th"tions totalling £440 (2024- £400). Page 42 The Fellowship of St Nicholas Notes to the Flnaneial Ststements for the Year Ended 31 March 2025 21 Funds Balance gt l April 2024 Other Balan¢e xt recognistd 31 M2rth Tr4nsfers gainslOos5e51 2025 Incoming Resourees res0￿rceS expellded Unrestricted ￿ndS Generol General Fwjd 112229 518,162 (477.667) (39,296) 3,780 117,208 De5i¥n4ted Property Fund Project Developme]Lt Fund HR Reserve Early Years FutLd 1.048.738 (16,7211 (704) 1,031,313 50.000 60.000 25.000 50,000 loo,000 25,000 40,000 1,183.738 (16.721) 39,296 1,206.313 Total unrestricied fund5 1,295,967 518.162 494388) 3,780 1,323,521 Restricted f￿ndS PACF Gttellway Nursery St Nick5 Nursery StNicholas Centre RobsaGk Centre SilveTdale Nurscry Dragonllies Childcare Fund Millennium CoTnTnittec Nutsery knprovenmlt 13,569 99.367 249,913 268,294 167,079 (S8.6461 (248,927) (265,709) (194.671) 19.600) 1224,739} 24.290 986 2,585 1,882 15,996) 29,474 9,600 5.996 227,939 1,277 833 3,200 115,676 2,260 IS.486 155,410 2.135 15,486 (41,011) (7081 183,285 90,537 183285 41,445 TA Project Ments] Hcalth & Bereavemtnt EJ]banci]Jg bJGlvsive Prdctise Youth Community Leaming Capital Account Holiday Space RejuveJ)ate 94,302 (143.394) (15.392) 62.761 (88.380) 41.011 9,619 63,454 9.828 7.811 5,996 27,273 6,201 19.350 (34,844) (51,018) (29,178) 2,048 18,637 (5.996) .815 5,996 26.424 50.000 (23,5761 Total restricted funds 574.S16 1.274.589 (1.403.390) 446,015 Total fullds 1.870.783 1.792.751 (1.897.778) 3,780 1,769,536 Page 43 The Fellojvship of St Nichola5 otes to the Financial Statements for the Year Ended 31 M4r¢h 2025 B#laDce At l April 2023 Other Balfjllce At Incomillg Resources recognised 31 March resources expetsded Tran5fer$ E3insl{I055e5) 2024 Unrestricted funds Generol General Fund 100,000 553,671 (504,7961 (35,000) (1.6461 112,229 Designaled Propetty Fund Project Development Fund 1,064.755 (16,0171 1,048,738 50,000 50,000 50,000 60,000 25.000 HR Reserve Early Years Fund 10,000 25,000 1,164,755 (16.0171 35,000 1,183,738 Total unrestricted fund5 1,264.755 553,671 (520.8131 (1,6461 1,295,967 Restricted PACT 113.432 199,8631 (127,9771 {205,1341 (58,4661 1176,8201 13,569 Gieenway Nursery St Nicks Nursery My Time St Nichola5 Centre Robsack Cerltre Silverdale Nursery Dragonflies Child¢are Fund Millennium ConJnJittee Nursery I￿provement Fund TA Project Mental Health & Bereav¢ment Enhancing Inclusive Practise Youth ConunuDity Leatning CapÈtal Account Holiday Space 127.977 199.138 36.981 176.294 9,600 174,307 52,470 1,250 (5,996) 21,485 30,000 29.474 9.600 (174,3071 136,1901 16871 139.130 1,572 15.486 155.410 2,135 15.486 183,285 87,385 183,285 90,537 151,216 (148,064} 36.800 (52,1921 (15,392) 24.243 73,917 28,010 (14,6241 (58.3631 {18.1821 9,619 63,454 9.828 7,811 5,996 47,900 7,811 5.996 Total restricted fund5 653.482 1,092,203 11,170,869) 574,816 Totsl fund5 1,918.237 1,645.874 1,691,682) {1,646) 1,870,783 Page 44 The Fellowship of St Nicholas Notes to the Financial Statements for the Year Ended 31 March 2025 The Dragonflies flmd relates to donations receTved to support the ongoit)g $ustain&bility of the D￿g￿nflieS projeetproviding support to children and dLeir families eXperienci￿(r b¢reavernent and pre bcrtavcllLent. The Clu'ldw¢ frJrLd eao be used to alleviate short tern efftcts of disadvantage and povety for fazllilies accessing FSN projects. The Millenuium Committee is a designated fiujd to be used to Support FSN'S work The Nursery Improvem¢nt Ful￿ relates to capitsl that was raised for the nursery building in 2015, tl)is has be reduced each year stll¢e by depreciation. The fund balan¢es carried forward for 'My Time,, 'Wor&aDg to Capacity. 'Cor¢' and 'Capitals Accounts, are all tunning costs that will be Spe￿ withLn the 2023124 financial year. The desigttated property fi]nd held ullr¢stricted fitth is to bc used for works requiTed to the buildings FSN owns or lease. 22 Analysis of net assets betweeD funds Total fund5 at 31 March 2025 UBre5tricted funds Gtn¢rnl DÈ*ignated Restriettd llds Tangible fixed assets Fixed asset investm6nts Current assets Cllrrent liabi]ities Creditors over l year 8.775 92,247 103,689 (47.5031 (40,0(K)I 117,208 748,971 190,874 948,620 92,247 816,172 (47.50)) 140.000) 1,769,536 457,342 255,141 Total net assets 1,206,313 446.015 Total funds at 31 Msrch 2024 Unre$tri¢tsd fund5 GeneraI Designat¢d Rtstricted fuDd5 Tangible fixed assets Fixed asset investm¢nts CuTrent assets Current liabilities credito￿ over l year 9,926 88,467 99,171 (45,3341 (40,0001 753,000 214,106 977.032 88,467 890.618 (45,3341 (40,0001 1,870,783 430,737 360.710 Total Aet &8sets 112,230 1.183.737 574,816 Page 45 The Fellowship of St Nicholas Notes to the Financial Statement5 for the Year Ended 31 March 2025 23 Analysis of net fllnds AtIApr 2024 FiDall¢ing cA5h flows At 31 Mareh 2025 Cash at baok and hand Debt due afier D￿re than one year 870,460 {40,000 169.254) 801,206 40,000) Net debt 830,460 (69,2541 Flllancing e8sh At 31 March now5 2024 761,206 At l April 2023 Cash at bank and in hand Debt due after mole than one year 861,294 40,0001 9,166 870,460 140,0001 Net debt 821,294 9,166 830,460 Page 46