REGISTERED CHARITY NUMBER.. 508230 Report of the Trustees and Financial Statements For The Year Ended 31 March 2024 for Saffron Lane NEIGHBOURHOOD COUNCIL AIMS Accounlanls for Business Chartered Certrfied Accounts
Saffron Lane Ndghbourhood Council Report of the Trustees For The Yoar Ended 31 March 2024 The trustaes present their report wrth the financlal slalements of the charity for th8 yoar ended 31 March 2024. The trustees have adopted the provlsions of the Statemt of Re(x)mmended Practlce {SORP) 'AGcounting and Reporting by Charities,. REFERENCE AND ADMINISTRATIVE DETAILS. Registered Charlty number 508230 Princlpal addr898 432 Saffron Lane Leiceslor Laicestgrshlro LE2 6SB TruBtQgS Mrs. D Dixon Mr."I Cham)an Mr. P C Dixon Chairperson Treasurer Conimit180 Member Al th8 Annual GÉ)ne.ral Meeling all elected mambers of the commlllaè reslgn and being ellgSble are able lo be re-nomlndl an(1 stand for wlectlon. Dates of n&+V appolntments are shown as well as the resignallon of those CO8sing to b8 cornmlllee members. Accountant AIMS Accountants for Business Chartered Cerilfled Arzounls Bankers The Royal Bonk of Scotland 5 Market Sti'eot Loicos18r LeIstershire LE16DN The tull nanio of the charity Is Saffron Lane Nelghbourhood Council. The charity is also know by the nama Saffron ResouTh C4entre. STRULTURE, GOVERNANCE AND MANAGEMENT Gov¢mlng docuiM@nt Tho charity is cin unlncorrrf)raled charity. Its objects and powers are controlled by lis govemlng document, Consutution, adopt1 on 8th March 1976. as am8nd8d on18th November 1978 and 16th February 2010.
Saftron Lan8 Nelghbourh(x)d Coundl Report of the Trusleos For The Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Objectives and alms A summary of the objects of thg charfty as set out In Its governing document. OBJECTS a) The Council is established for cliaritable'objects and purposesonly. b) In particular, the Council is established to promotè lo the benefll of the inhab'ilants of Saffron Lane Estatè and its environs. wlthout dlstlnction of age, sax, race, poillical or rellgious or an other oplnions, by associallng ihe statutory aulhcyltles, voluntary 0rganlsatio, institutions, businesses and inhabitants.i9 0 common effprt to advance educalion and to provldè fadlilies in th6 Interests of social welfare for heallli, recroation.and lelsure tirri9 oqcupalion, th tbe (A)ject of imptovlng eondllions of life for Ihe inhabitants, 'and lo promte all or-?ny objects for thé beneitl of thè communliy which now or her8aftor may be deemed by law to be charitable. cl In furtherance of the above objects, bul nol further or othewilsè, the Council may.. obtsln, collqc.l and recelve monay and funds by way of contributions, donations, affi1Sallon fees, subscriptions. If9aclos, grants and any Pjher lawful method., affiliate lo or accept affiliation from any charitable body havlng objects simllar lo those of th8 Council-. render admlnislratlon and financi81 services lo other local charitable grpups havlng shnilar objects, arrange ao¢.p.rovj.4e for.or join in arr8nglng and providlng for the holding of exhlbilions, meetings, lectur&s and classes. d) The Saffron Lane Ndghbourhood exists to provide a range of seNlc&s lo support disadvantag¢d rpsid8nts.ofAhe Freeman. Eyres nsel1 and Ay188tone Wards of L8ic8819r to reach their full potentlal, The.nèlgbbourho()d is . rwnlsed as on9 of th9 most deprived In the o)unty and in tlie maln. our servlce users have a wide range of issues associated being in this demographic Including poverty,111 health. unemployment <ind &)w gduFalion?I attalnrnent. The charlty's aims includiry the charges or diff8renGes it seeks l&-make Ihrough its, acknviti8S. Significanl adlvltles Tha financial situation remalns very dlfficutt for tha Thlrd SOr and wlth lh mind th8 charity has completed arK)Iher annual financlal revlew to makg suro funders are receivlng the best value for llialr investments'in the ¢harity.& work The organisalion has pursuad new funding avenues and now owns a large asset that has shwjd 8r£ th8 charlty5 financial stability through a regular Income over the next 125 yoars. Saffron Resource Centre The Saffron Resource Centra is a centrally I(alad tsxnmunity reswrce. provlding IE)gal and welfare rights informallon, advic8 and advocacy, tenancy support, detached youth work. mobility scootw hAro. sexual h¥4lth.and pre unselling, specialist debt advlce. famlly law and careers guidance. Offic& facilltles, intervie-.. and meeting rooms are avallable for hire. Our local Councillors and MP use our prgmises for.th4ir.sufgell8s'. Saffron Acres 'Saffron Acres is an envlronmental project situatéd on a On negl8ded twelve acre site, I$t around Ih""é (xarrier from the Resource Cenlre. This project wtres on food growlng, glvlng opportunltles to allow indtviduals. lo grow themselves out of povety. It Is also the home of the award winnlng and highly succossful Saffron Acres Jam providing real lrfe work opportuniti8s for young adults ¥Mth learniro difficutttes. Saffron Healh The idea of Saffron Healh was born in 2009 OLrt of fruslralionDver the lack of affordable houslng beiro bulll In the area n there was an abundanc8 of disused land. The sror Development Worker spent the next five years developlng partnershlps that allowed tha charity to asset transfèr 13 acres of18nd from Lethsler City Councll lo build 68 affordable rented Eco homes. This £10.5 milllon project not only brought new homes and lobs, but also allowth us to OP8n up 6 acres of new green space for public access. Grant making Saffron Lane Nelghbourhood Coundl do not normally make grants.
Saffron Lane Neighbourhood Council Detailed Statement of Flnancial Activities F(ff The Year Ended 31 March 2024 31.3.24 31.3.23 Support costs Human resourcas Wages Social security Pension 236.268 13,710 5,428 255,406 175,147 10,693 4,078 189,918 Totsl re80urces expended 310,320 256,214 Net Income l (expendlture) 23.484 35.846 17
Saffron Lane Neighbourhcx)d Council Detailed Slalerllent of Flnanclal Activilios For The Year Cnded 31 March 2024 31.3.24 J1.3.23 INCOMING RESOURCES Voluntary incomè Donallons tsrBnls ?.30,838 2,80,838 191,506 191,506 Actlvities for generatliig fuiids F.èes.and produce sales .Qlhpr'incom6 and rent rethived 93.076 93.860 1nvp.stllnt Income Cnt account interest ,880 6,694 ,' TotaL'.Incorning Mources 333.804 29?.,06a RESOURCES EXPENDED Charitab16 actlvlt508 Otherknp6ratlng leasps, inc rents payable Rat8 water IFlsiiro11( L.Ight and hoat T.f)lophone Pogtago arid statlonery Advrirtrslny & websi18 Sundfiss Activi11, ine Saffron 14eath "rrdVEg1 & subsistence Premlges repairs & ronawals SiJbsCI'iptloris Hedllm & safety costs LSF fées CléanFng and waslo di.sposal L[j77&S & refreshmei Ils Hoithxltural dev61opmLinl Leasehold depreciation Plant..and ma¢hinery depreciatron PallY Bahk £h¥Argo% 6,128 88 1.685 6.117 4,120 3,500 540 5,22?. 4,764 4,547 3.661 7.245 126 2,416 1,884 12.541 2,458 1.U92 4,182 5,525 2.473 1,13 1,338 1,378 556 1,925 6,928 4,986 5.396 2.00 205 57,324 Govornanco costs Elt)okkaeping & adminisltElion Cort¥iJliancy Aw.ounlrinl's reryiuneration Volunteer fwense 'rralllling & welfare 743 152 810 2,,373 81U 2,375 4,080 2,806 13,972 16
Saffron Lanè Nelghbourhood Coundl Notes lo tha Flnancial Statements - continued For The Year Ended 31 March 2024 12 TANGIBLE FIXED ASSETS Freetv)Id Prowty 31.3.24 Plant and rnachinory 31.3.24 Total Total 31.3,24 31.3.23 COST At 1 Aprtl 2023 Addlllons Grants At 31 March 2024 121.218 3,345 121,219 3,345 118,920 2.299 124,583 124,564 121,219 DEPRECIATION At 1 Aprll 2023 Cliarge for year At 31 March 2024 99,633 99.6&3 94,237 5,396 99,633 104,619 104,619 NET BOOK VALUE At 31 March 2024 19,944 19,945 21,586 At 31 March 2023 21,585 21,586 '13 FIXED ASSET INVEsTMErs 31.3.24 31.3.23 14 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade dt3btors 15.565 10,605 Other dabtors 14.101 29,666 2.900 13.505 15 CREDITORS", AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31,3.23 Trade creditors Taxation and social serity Othèr creditor6 8,&)0 21,269 29.769 4,902 5,200 10,182 14
Saffron Lan6 Neighboufhood Coundl Notes lo the Financial Statements - ntInUed For'fhe Year Ended 31 March 2024 3 VOLUNTARY INCOME 31.3.24 31.323 Donations Grants 230,838 230.838 191,506 191.506 Grants recaived or receivable, ihcludèd In Iha abt)ve, are as foll., 31.3.24 31.3.23 NLCF- Reaching Communiti8s - Sustainable Saffron LRCF LeIster Money Advice NLCF - Reaching Communllles - Beati1 Hardstllp NLCF- Raachlng Communit188 - Chalenglng Hardshlp NLCF- Reaching Communltles- BBBCL Other grants 24,707 43,748 79.486 41,315 2.250 230,838 230.838 191,506 4 ACTIVITIES FOR GENERATING FUNDS 31.3.24 31.3.23 Lèicp.sier city council Room hire Ground rent Fe8S Other income 35,1)JO 13,7 42,169 28,150 58.830 1.738 4,358 93,076 2.706 93,860 5 INVESTME INCOME 31.3,24 31.3.23 Current & deposit account interest 9.890 6.694 6 CHARITABLE ACTIVITIES COSTS Direct costs Support Costs Tota18 (See iiote n Resource Cantrè & SAP 50,834 255.406 306.240 50,834 255,406 306,240 12
S.afli()ii Lane Nelghbvurhood Louncil Bdlaiice Sl)eel At 3.1 IAarrh rt.0?4 Unrestricted .4e.stilcted funds Tolal funds Totsl Nc)tas FIXED ASSF.TS TBncJlble ass8ls InveslmenL 12 13 21,586 19,945 cuItRENI" kn•SFTQ Llpbtb'rs ,(3li-.at bank and in hancl 14 2,9,666 29,666 1,2'13,24 1.24k.,914 1,213,248 1,2,13.248 1.1 FJ4,e97 1.198,20?. 29.666 CREDITORS '.th¢inIS falllng due within one.yoar. (29.769) (29.7691 {10,182> ET.'CURRENT AoDSI-rs/{l_IABILITIES) . 1,219.248 1,1J8,020 TOI'AL. A?>SETS LE,8S CURRENT L1AElfjli ITIES 1,213,241J 19,842 1.209.606 16 .. ljnreslricled funils esfA¢led funds q,213.248 19.842 1,145,31I1 Ttfj'iIL FUNtJs l.J.33,09 Iw't bank baldnce Yeflects the resorves whlLh are roqiffl¥od, aiid rojocts, Bea note 16 for details. esignal'ed fun for fuui'Lh The. finanLial 8ldtimonls K*re approved by the Board of Trusteé 01) ?.71h Jurie 2024 rJl)d weio slgned on Its behall by.. Mro D Uixon -Trusle8 10
Saffron Lan8 N8ighbouthood Council Report of the Tnjsteos For The Year Ended 31 March 2024 Rewrt of tho Indapendent Examlnsrs ReÈ)ort on the Acwunts Saffron Lane Nelghbourhood CouncAI The tharity's trustees are responsible for the pr8par911on of the aOnIS. Th8 charity's Irust80s consider th* an audik Is not requlred for Ihls year under stIon 14412} of tho Charltigs Act 2011 {the Charities Act) and that an independent examlnatlon is need. It is my responslblllty lo,, ex¢iinine the accounts under sectlon 145 of the Charities 2011 Act, to follow the procedures laid down in thc4 gen8fdl Dlr8ctlons given by the Charily Commisslon (under . and section 145(5)Ib) of the Charlties Act, and lo state whether partlcular matters have come to my atteiitlon. My oxamlThallon was ¢arrip.d out in acrA)rdanc8 wllh dlreclions glven by Ihe Charity Commisslon. An examindlion includos a revldftt of the accounting records kept by tlie charity and a (¥Jmparison of tha accounts presented with those records. 11 also includes conslderallon of any unusual i18ms or disclosures in Ihe ac(J)unts, and seeking 8xplanatior from the trustees coricerning any 8uch mattars. The procdures undertaken do not provide all the evidencé tItwOuld bo rgqulred in an audll, and consequently no opln'ion Is given as to thlh8r tha counts present a 'true and fairf view and the report ib limited to those matters set out in the statement b810w. In connecllon wlth my 8xamlnallon, no matter has eom81(J my allenllon which gives me reationabl8 cause to believe that In, any material respect, th8 r8quiremenls- lo kaèp ac(K)unllng rewrds in accordan( $tIOn the Charilies Act., and lo prgpam accounts whlch acwrd wllh the accounting re(x)rds and comply wltli tho methods and princlplas of the Statémeril of Recomr(Ip.nded Praclice: AcrA)untlnq and Reporting by Charities 2. to lCh, in my DpinK)n. attontlon stiould be drawn in order to enabla a proper understanding of the accoLints to be reached. AIMS Accountants for Business chart8 Cortlled Accounts 27th Juno 2024