2021-03-31-accounts

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Financial Statements Newground Together

For the year ended 31 March 2021

Company No 02501885 Charity number 702800

Newground Together Financial statements for the year ended 31 March 2021

Company registration number	02501885
Registered charity number	702800
Registered office	193 Bolton Road
	Blackburn
	BB2 3GE
Bankers	Barclays Bank PLC
	6thFloor
	One Snowhill
	Snowhill Queensway
	Birmingham
	B4 6GB
Solicitors	Wrigleys LLP
	19 Cookridge Street
	Leeds
	LS2 3AG
Auditor	BDO LLP
	3 Hardman Square
	Spinningfields
	Manchester
	M3 3AT

Index to financial statements

Report of the trustees	3
Independent auditor's report	11
Consolidated statement of financial activities (incorporating consolidated
income and expenditure account)	15
Charitable company statement of financial activities (incorporating
charitable company income and expenditure account)	16
Consolidated statement of financial position	17
Charitable company statement of financial position	18
Consolidated statement of cash flows	19
Notes to the financial statements	20

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees

The Trustees, who are directors of the charitable company for the purposes of company law, present their report together with the financial statements for the year ended 31 March 2021.

Directors and trustees

The directors of the charitable company (the charity) are also its trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees serving during the year and up to the date of approval of the financial statements were as follows:

James Hartley Kevin Leith Laurence Loft (Resigned 9 December 2020) John Townend Alan Cotton Malcolm Harrison Zaffer Khan Gwynne Furlong Jane Fowler (appointed 7 July 2021)

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

Structure, governance and management

Governing document

Newground Together is a company limited by guarantee governed by its Memorandum and Articles dated 14 May 1990 and amended to allow for current governance arrangements on 26 November 1998. The Memorandum and Articles were further amended on 15 December 2009, 5 February 2010, 21 July 2010 and 26 June 2013 (incorporating the expansion of Newground Together’s objects to cover the North of England).

The charitable company has no share capital and is limited by guarantee, whereby each member undertakes to contribute £1 to the assets of the company in the event of winding up.

Appointment of trustees

At 30 March 2021 the Charity had one vacant Trustee position following the resignation of Laurence Loft, a recruitment process was undertaken and Jane Fowler was appointed on 7 July 2021. Trustee appointments are for a fixed term of no longer than 3 years. If a Trustee has completed 9 years’ continuous service on the board of the charity, they shall not be eligible for re-appointment.

The Trustees do not receive any remuneration or benefits from the Charity.

Trustee induction and training

New members take part in an induction day. As the members may not necessarily have been Charity Trustees before, briefings on the duties of a Charity Trustee and Charity Law are provided for all Trustees. New guidance and good practice information from the Charity Commission is relayed to Trustees as a regular part of quarterly board meetings. Electronic Board Packs are in place, providing Trustees with an information resource. A Trustee appraisal process is in place.

Organisation

The charity is administered by the board of Trustees. The board meets quarterly. The operations of the charity are managed by the Newground Managing Director, to whom the members have delegated all operational matters.

An element of the charity’s direct operations is carried out by its wholly owned Community Interest Company, Newground CIC. The unique features of a Community Interest Company ensure that all surpluses generated benefit the community. In addition, the charity’s objects are furthered by the awarding of grants to third parties who can demonstrate that they are able to deliver projects which meet the charity’s objects.

Newground CIC is overseen by its own board of executive directors.

Newground Together is a member of Together Housing Group. The Chair of Newground Together is a member of the Together Housing Group Board.

Risk management

The members have a risk management register in place which identifies the major risks to which the charity is exposed and this is reviewed and, where necessary, updated at each board meeting. The members regularly review the systems established to mitigate those risks.

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

Risk assessments are carried out within the charity and CIC. The outcomes of the assessments are included in the risk assessment register. The Newground Managing Director identifies new risks and monitors existing risks which are reported to the Trustees.

The Together Housing Group Risk Management and Audit Committee is responsible for oversight and scrutiny of the Newground Together risk register on behalf of Together Housing Group.

Financial risk management objectives and policies

The charity has a reserves policy in place to cover unforeseen risks and monitors expenditure and committed funds at each meeting to ensure that funding commitments do not exceed the value of donations that have been committed.

Funding allocations are normally staged and paid on evidence of receipts and meeting agreed criteria. In most cases the final 10% is retained until an acceptable evaluation report has been submitted at the end of the project.

Although the charity will continue to consider and pursue grant-funding opportunities that bring real benefit to the charity, it will continue to minimise its exposure to potentially onerous financial restrictions that certain forms of grant funding can entail.

Going Concern

The Covid-19 pandemic impacted on Newground Together and its activities throughout 2020/21. Activities were reviewed against local and national lockdown guidelines, resulting in changes in the way we operate in order to protect our staff and clients. Activities were adjusted to meet the emerging needs of the communities in which we operate.

The 2020/21 Newground Together Business Plan was done in June 2020 this was revisited throughout the current financial year with no changes being made. The Trustees and senior management team continued to monitor the Business Plan throughout the year. The Trustees have reviewed the 2021/22 Business Plan and the organisation will continue to operate as a going concern with the Board and Senior Management Team continuing to monitor the Covid-19 position throughout the year and take steps to mitigate any emerging risks.

Objectives and activities

The objects of the Newground Together Charity are:

(1) To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment anywhere in the North of England.
(2) To promote for the benefit of the public urban or rural regeneration in areas of social and economic deprivation anywhere in the North of England by all or any of the following means:
(a) the relief of financial hardship;
(b) the relief of unemployment;
(c) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience;
(d) the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help: (i) in setting up their own business, or (ii) to existing businesses;

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

(e) the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms;
(f) the maintenance, improvement or provision of public amenities;
(g) the protection or conservation of the environment;
(h) the promotion of health, welfare and personal development opportunities for persons living within those areas; and
(i) such other means as may from time to time be determined subject to the prior written consent of the Commission.
(3) To promote the provision of facilities for recreation or other leisure time occupation for individuals in the North of England who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public generally in the North of England in the interests of social welfare and with the object of improving their conditions of life.
(4) To advance in life and relieve the needs of young people in the North of England through: (a) the provision of recreational and leisure time activities provided in the interests of social welfare designed to improve their conditions of life;
(b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
(5) To advance education (including training) in such ways as the directors think fit.

Public benefit

The overall practical purpose of the charity is to aid the North of England in becoming more sustainable and to improve the social conditions of those living and working there.

Public benefit is achieved both through direct delivery and through an open grants programme. In taking this approach, the Trustees confirm that they have had regard to the Charity Commission’s general guidance on public benefit. Outputs secured from direct project delivery and grant funded projects completed in 2020/21 are detailed in the achievements and performance section.

Strategic Report

Achievements and performance

The main strategic goals of Newground Together in 2020/21 were to:

Ensure that funds were allocated appropriately during 2020/21. The Charity did not accept any new grant applications during the first half of the year due to Covid-19 uncertainty. Where projects were at the implementation stage when we went into Covid-19 lockdown a flexible approach was taken with grant recipients, extending project timescales and amending delivery plans to enable projects to continue where possible.
Update and maintain appropriate management systems to allocate and monitor funding. Grant assessment and monitoring systems were maintained in 2020/21 with greater use of digital processes to take into account Covid-19 restrictions.
Ensure that appropriate governance is in place and maintained.
Access a wide range of funding sources. Newground Together has secured significant project funding for projects from European Funding, lottery and other sources, in a number of instances committing resources as match funding to maximise funds spent in furtherance of its charitable objects.

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

Promote the activities funded by Newground Together. A new website was launched during the year and a marketing strategy ensures that news of projects funded by the Charity are regularly fed into local media.

With profits from the Charity’s subsidiary, Newground CIC, gift aided into the Charity, the Charity is able to achieve its ambition – better lives and opportunities for our communities, through both direct delivery and the distribution of grants.

Newground CIC, has ambitious growth plans for its Business Division, through its professional environmental, health & safety and flood resilience services. The Business Division has continued to meet the international standards of ISO 9001 (Quality), ISO 14001 (Environment) and OHSAS 18001 (Health and Safety).

The work of Landscape and Estate Services Division helps to improve the physical appearance of the North of England through green space design and the maintenance of open spaces, often providing training and work opportunities for unemployed people in the process.

The Sustainable Communities Division has continued to deliver employment support, youth and community work and health and wellbeing projects for a range of clients including local authorities, schools and those in the private sector.

In the 12 months to 31 March 2021 Newground Together has allocated funding to a value of £423,673. In order to demonstrate effective delivery and value for money, the Trustees offered funding in return for agreed outputs which further the Charity’s objects.

During the year Newground Together was well placed to respond to local needs and hardship resulting from the Covid-19 pandemic. Our teams supported local foodbanks, delivering 6,930 meals and food parcels to residents, while 2,012 emergency fuel vouchers were distributed at a value of £80,559.

While responding to the emerging Covid-19 challenges we continued to deliver our core programmes; employment and skills provision, youth and community activity and engaging people in the great outdoors.

Our activities supported 5,295 adults, with 651 individuals receiving employment support, resulting in 184 people securing employment.

We also supported 2,895 young people, delivering over 500 activity sessions and providing over 2,200 hours of intensive support.

Plans for the future

The Charity aims to continue to increase the range and level of its activities through direct service provision and by awarding grants and commissions for projects that further its charitable objects.

The key objectives for 2021/22 are to:

Ensure that charitable funds are allocated appropriately
Implement a Trustee succession plan
Ensure that appropriate governance is in place and maintained
Maintain donor support and widen the range of funding sources
Promote activities funded by Newground Together
Support the implementation and reporting on Together Hosing Group’s Social Value Strategy

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

Newground Together will undertake specified programmes that meet the charitable objects through direct delivery and commissions through its Community Interest Company. In addition, a programme of open community grants aimed at residents’ groups will be delivered, with a view to supporting the development of grass roots community activity. In addition, commissions will be developed with partner organisations to further the charitable objects.

As we recover from the Covid-19 pandemic central and local government funding is available to support communities and Newground Together will continue to work with other agencies to coordinate resources and to jointly secure external funding.

The use of Service Level Agreements allows Newground Together to develop a strategic approach to issues that will not be solved by a single grant but will respond well to co-ordinated activity by multiple agencies working together in a planned and measured way.

A framework of outputs will be developed, linked to a performance management framework to effectively record and monitor programme outputs and outcomes.

Financial review

The consolidated statements for the group show the financial affairs of Newground Together and its wholly owned subsidiary Newground CIC.

The statement of financial activities shows that there was net income for the group for the financial year of £310,048 (2020: expenditure of £241,113). This resulted in accumulated fund balances of £2,200,676 (2020 £1,890,628).

For the charitable company, the statement of financial activities, shows net incoming resources of £332,765 (2020: outgoing resources £574,935) for the financial year. This resulted in accumulated fund balances of £1,181,245 (2020: £848,480).

The operating divisions delivered projects during 2020/21:-

Business Services had a turnover of £2,161,604 (2020: £2,161,724). The Business Services Division delivered environmental, health and safety and quality business support through subscription services, training and consultancy.

Subscriptions to Newground’s online Legislation Update Service continued to grow, attracting new subscribers from across the UK.

We have expanded and developed our team of consultants in order to deliver commercial training and consultancy to an increasing client base across an expanding geographical area.

Sustainable Communities had a turnover of £949,736 (2020: £842,001). The Sustainable Communities Division has continued to deliver the charitable objects through employment support, youth and community work, environmental education and health and wellbeing projects for a range of clients including local authorities, Housing Association's, schools and those in the private sector.

Landscape Services had a turnover of £7,477,178 (2020: £4,956,101). The Landscape Services Division has continued to deliver a range of projects and services for both Together Housing Group (THG) and a number of external clients including local authorities, parish councils, community groups, schools and businesses.

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

The division increased its delivery of void property clear and clean services. These are provided to Together Housing Association in Lancashire, with expansion into the Yorkshire area in development. Newground also manage Together Housing Association’s grounds maintenance service including the management of external grounds maintenance contracts.

The ratio of current assets to current liabilities on the consolidated balance sheet is 1.8:1 (2020: 1:9:1) while the ratio of cash only to current liabilities is 1.3:1 (2020: 1.2:1).

The group and charitable company funds fall into the following categories:

Other unrestricted funds of the group and the charitable company represents funds held for day to day running of the Trust. The Group had net incoming resources before transfers for the year of £301,169 and the charitable company had net incoming resources before transfers of £332,764. After transfers this resulted in unrestricted fund balances of £2,113,213 (with restricted for the group being £87,463) and unrestricted for the company of £1,470,222 (and restricted with a loss of £288,978 ) for the charitable company.

Investment powers and policy

Under the Trust’s Memorandum and Articles of Association, the charity has the power to invest in any way the trustees consider appropriate. The trustees have adopted an investment policy in line with Charity Commission guidelines. The policy addresses the need for the charity to retain sufficient resources to carry out its present and future activities, the level of acceptable risk and how it is managed and the Charity’s position on ethical investment.

Reserves policy

The Trustees of the Charity recognise the need to hold a level of unrestricted reserves to secure the Charity's future viability and that these should be maintained for the following reasons:

To provide for the orderly winding down of any or part of the Charity's operations in the event of a significant adverse event that is outside the Charity’s control which might include the loss of major contracts or sources of charitable funding.
To provide cover for any unforeseen downturn in activity and to protect essential services to beneficiaries namely the enhancement of neighbourhoods, fostering employment and promoting health and wellbeing and to allow for generating new replacement activity, in each case in pursuit of the Charity's charitable objectives.

Governance Code

The Charity is best placed to achieve its ambitions and aims through complying with the 7 principles of the Charity Governance Code. This is done through the appointed board members who meet regularly.

Newground Together Financial statements for the year ended 31 March 2021

Report of the Trustees Continued

Trustees’ responsibilities statement

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial statements are published on the Together Housing Group website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the charity’s website is the responsibility of the trustees. The trustees’ responsibility also extends to the ongoing integrity of the financial statements contained therein.

Auditors

All of the Trustees as at the date of this report have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The Trustees are not aware of any relevant audit information of which the company's auditor is unaware.

ON BEHALF OF THE BOARD

M Harrison

Director

Date: 23 September 2021

Newground Together Financial statements for the year ended 31 March 2021

Independent Auditor’s Report to members of Newground Together

OPINION ON THE FINANCIAL STATEMENTS

In our opinion, the financial statements:

give a true and fair view of the state of the Group’s and of the Parent Charitable Company’s affairs as at 31 March 2021 and of the Group’s incoming resources and application of resources and the Parent Charitable Company’s incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

We have audited the financial statements of Newground Together (“the Parent Charitable Company”) and its subsidiary (“the Group”) for the year ended 31 March 2021 which comprise the consolidated statement of financial activities, Parent Charitable Company statement of financial activities, the consolidated statement of financial position, the Parent Charitable Company statement of financial position, the consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remain independent of the Group and Parent Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

CONCLUSIONS RELATED TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and the Parent Charitable Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Newground Together Financial statements for the year ended 31 March 2021

OTHER INFORMATION

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The other information comprises the report of the Trustees. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OTHER COMPANIES ACT 2006 REPORTING

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Trustees’ Report, which includes the Directors’ Report and the Strategic report prepared for the purposes of Company Law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors’ Report, which are included in the Trustees’ report, have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the Group and the Parent Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatement in the Strategic report or the Trustee’s report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion;

adequate accounting records have not been kept by the Parent Charitable Company, or returns adequate for our audit have not been received from branches not visited by us; or
the Parent Charitable Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group’s and the Parent Charitable Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the Parent Charitable Company or to cease operations, or have no realistic alternative but to do so.

Newground Together Financial statements for the year ended 31 March 2021

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Group and Parent Charitable Company and the sector in which they operate, we identified that the principal risks of non-compliance with laws and regulations related to their registration with the Charities Commission, and we considered the extent to which non-compliance might have a material effect on the Group and Parent Charitable Company Financial Statements or their continued operation. We also considered those laws and regulations that have a direct impact on the financial statements such as compliance with the Charities Statement of Recommended Practice and the UK Companies Act 2006.

In addition the Group is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: data protection and health and safety legislation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the board members and other management and inspection of regulatory and legal correspondence if any.

We have made an assessment of the susceptibility of the Group’s financial statements to material misstatement, including how fraud may occur. In addressing the risk of fraud through management override of controls we have tested the appropriateness of journal entries and other adjustments, in particular any journals posted by senior management, privileged users or with unusual account combinations.

Audit procedures capable of detecting irregularities including fraud performed by the engagement team included:

Discussions with management, including consideration of known or suspected instances of noncompliance with laws and regulations and fraud;
Reading minutes of meetings of those charged with governance, internal audit reports, reviewing correspondence with regulators to identify any actual or potential frauds or any potential weaknesses in internal control which could result in fraud susceptibility;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Procedures to test incoming resources including agreement of incoming resources recognised to supporting documentation on a sample basis;

Newground Together

Financial statements for the year ended 31 March 2021

Identifying and testing journal entries identified as potentially unusual. This testing included, but was not limited to, any journal entries posted with specific keywords, journals posted by unexpected users, and journals posted to least used accounts;
Reviewing items included in the fraud register for any potential weaknesses in internal control which could result in fraud susceptibility;
Challenging assumptions made by management in their significant accounting estimates and judgements in particular in relation to the following:
Whether indicators of impairment exist
Recoverable amount of accounts receivable
We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
We updated our understanding of the Group’s current activities, the scope of its authorisation and the effectiveness of the Group’s control environment.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council’s (“FRC’s”) website at:

https://www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the Charitable Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Hamid Ghafoor (Senior Statutory Auditor) For and on behalf of BDO LLP, statutory auditor Manchester, UK

24 September 2021

BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).

Newground Together Financial statements for the year ended 31 March 2021

Consolidated statement of financial activities (incorporating a consolidated income and expenditure account)

Unrestricted general funds £ 428,035	Restricted funds £ -	Total 2021 £ 428,035	Total 2020 £ 200,000
- - - - 607	- 2,161,604 7,477,178 178,084 125	428,035 2,161,604 7,477,178 178,084 732	200,000 2,161,724 4,956,101 4,100 5,302
607 -	9,816,991 949,736	9,817,598 949,736	7,127,227 842,001
428,642	10,766,727	11,195,369	8,169,228
- - - (124,045)			(534,411) (1,353,136) (4,718,811) (135,033)
(124,045) - (82,012)			(6,741,391) (1,545,487) (92,025)
(82,012)			(1,637,512)
(206,057)			(8,378,903)
222,585 - -	78,584 - 8,879	301,169 - 8,879	(209,675) - (31,438)
222,585 1,890,628	87,463 -	310,048 1,890,628	(241,113) 2,131,741
2,113,213	87,463	2,200,676	1,890,628

The statement of financial activities includes all gains and losses recognised in the year. The accompanying notes form part of these financial statements.

Newground Together Financial statements for the year ended 31 March 2021

Charitable company statement of financial activities (incorporating a charitable company income and expenditure account)

Unrestricted general funds £ 428,035 607 - 767,937	Restricted funds £ - - 381,721 -	Total 2021 £ 428,035 607 381,721 767,937	Total 2020 £ 200,000 4,938 - 395,072 600,010 (1,007,716) - (167,229)
1,196,579	381,721	1,578,300
(423,673) - (151,164)	- (670,698) -	(423,673) (670,698) (151,164)
(574,837)	(670,698)	(1,245,535)	(1,174,945)
621,742 848,480	(288,977) -	332,765 848,480	(574,935) 1,423,415 848,480
1,470,222	(288,977)	1,181,245

The statement of financial activities includes all gains and losses recognised in the year. The accompanying notes form part of these financial statements.

Newground Together Financial statements for the year ended 31 March 2021

Consolidated statement of financial position

Note Fixed assets Tangible assets 9 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Provisions 13 Net Assets Income funds: Restricted funds Unrestricted funds: General charitable funds Funds 14	2021 £ 288,794 1,153,072 3,151,752	2020 £ 330,653 1,208,159 2,116,137
	4,304,824 (2,361,325)	3,324,296 (1,723,825)
	1,943,499	1,600,471
	2,232,293 (31,617)	1,931,124 (40,496)
	2,200,676	1,890,628
	87,463 2,113,213	- 1,890,628
	2,200,676	1,890,628

The accompanying notes form part of these financial statements.

The financial statements were approved by the Board on 23 September 2021.

M Harrison Director

Company Registration Number: 02501885

Newground Together Financial statements for the year ended 31 March 2021

Charitable company statement of financial position

Note Fixed assets Tangible assets 9 Investments 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets Income funds Restricted funds Unrestricted funds: General charitable funds Charity funds 14	2021 £ 1,359 5	2020 £ 1,990 5
	1,364 152,465 1,773,976	1,995 6,100 1,163,841
	1,926,441 (746,560)	1,169,941 (323,456)
	1,179,881	846,485
	1,181,245	848,480
	1,181,245	848,480
	(288,977) 1,470,222	- 848,480
	1,181,245	848,480

The accompanying notes form part of these financial statements.

The financial statements were approved by the Board on 23 September 2021.

M Harrison Director

Company Registration Number: 02501885

Newground Together Financial statements for the year ended 31 March 2021

Consolidated statement of cash flows

Cash flows from operating activities Net income/(expenditure) for the financial year Adjustments for: Depreciation of tangible assets Profit on sale of fixed assets (note 2) Interest received Corporation tax (credit)/charge Decrease/ (increase) in trade and other debtors Decrease in trade creditors and other creditors Cash from operations Taxation Net cash provided by operating activities Cash flows from investing activities Proceeds from sale of tangible assets Purchases of tangible assets Net cash used in investing activities Cash flows from financing activities Interest received Net cash provided by financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of year Cash and cash equivalents at end of year	2021 2020 £ £ 310,048 (241,113) 82,165 83,336 (19,384) - (732) (5,302) (8,879) 31,438 55,088 (296,157) 637,499 234,942
	1,055,805 (192,856) - - 1,055,805 (192,856) 20,500 - (41,422) (81,991)
	(20,922) (81,991) 732 5,302
	732 5,302 1,035,615 (269,545)
	2,116,137 2,385,682
	3,151,752 2,116,137

The accompanying notes form part of these financial statements.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

1 Accounting policies

Basis of preparation

These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with:

Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP);
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued September 2015;
Charities Act 2011.

The charitable foundation constitutes a public benefit entity as defined by FRS 102.

Parent company disclosure exemptions

In preparing the separate financial statements of the parent company, advantage has been taken of the disclosure exemption available in FRS 102 and no cash flow statement has been presented for the parent charitable company.

Going concern

The 2020/21 Newground Together Business Plan was done in June 2020 the Business Plan was revisited throughout the current financial year and no changes were made. The Trustees and senior management team continued to monitor the Business Plan throughout the year. The Trustees have reviewed the 2021/22 Business Plan and the organisation will continue to operate as a going concern with the Board and Senior Management Team continuing to monitor the Covid-19 position throughout the year and take steps to mitigate any emerging risks.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

1. Accounting policies (continued)

The Report of the Trustees includes the group’s objectives, policies and processes for managing its capital; its financial risk management objectives; details of its financial instruments and its exposures to credit risk and liquidity risk.

After making enquiries, the Trustees have a reasonable expectation that the charitable company and the group have adequate resources to continue in operational existence for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Basis of consolidation

The group financial statements consolidate those of the charitable company and of its subsidiary undertaking. Intra–group transactions are eliminated on consolidation and all figures relate to external transactions only.

Income

Voluntary income comprises all incoming resources from donations, gifts and core funding grants. It is recognised upon receipt.

Donations and gifts

All monetary donations and gifts are included in full in the statement of financial activities when receivable, provided that there are no donor–imposed restrictions as to the timing of the related expenditure, in which case recognition is deferred until the pre–condition has been met.

Intangible income is valued and included in income to the extent that it represents goods or services which would otherwise be purchased. An equivalent amount is charged as expenditure. Voluntary help is not included as income.

Donations under Gift Aid together with the associated income tax recoveries are credited as income when the donations are received.

Grants receivable

Revenue grants are credited as incoming resources when they are receivable provided conditions for receipt have been complied with, unless they relate to a specified future period, in which case they are deferred.

Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation on the fixed assets purchased with such grants is charged against the restricted fund.

Grants and related income subject to pre–conditions for use have been deferred to be released to the statement of financial activities as the pre–conditions are satisfied.

Investment income

Investment income, including associated income tax recoveries, is recognised when receivable.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

1. Accounting policies (continued)

Charitable trading income

Charitable trading income represents amounts receivable for carrying out projects and programmes of work with non–grant aided funding.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of resources. Central overhead costs are allocated to operational functions on the basis of their use of central support services.

Governance costs are the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with charitable activities. Included within this category are costs associated with the strategic as opposed to day to day management of the charity's activities.

Support costs, which include executive and development, finance, ICT, external audit, legal, marketing, general office and administration, are allocated across categories of charitable expenditure, governance costs and the costs of generating funds. The basis of the cost allocation has been explained in note 6 to the accounts.

Irrecoverable VAT is charged as a cost to the statement of financial activities.

Grants payable

Grants payable are accounted for in full as liabilities of the charity when approved by the Trustees and the charity has created a valid expectation in other parties that the charity will discharge its obligations.

Fund accounting

Restricted funds are to be used for specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objectives of the charity.

Designated funds are unrestricted funds which have been designated for specific purposes by the Trustees.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Depreciation is calculated to write down the cost of all tangible fixed assets by equal annual instalments over their expected useful economic lives. The rates generally applicable are;

Leasehold improvements	20% on cost
Motor vehicles	20% on cost
Project and office equipment	20% on cost

Investments

Investments are included at cost, subject to any provision required for a permanent diminution in its value.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

1. Accounting policies (continued)

Leased assets

Rental costs payable under operating leases are charged to the income and expenditure account on a straight-line basis over the lease period.

Pension costs

Defined contribution scheme

The pension costs charged in the year represent the amount of the contributions payable to the scheme in respect of the accounting period.

Long term contracts

The attributable surplus on long–term contracts is recognised once their outcome can be assessed with reasonable certainty. The surplus recognised reflects the proportion of work completed to date on the project.

Full provision is made for deficits on all contracts in the year in which the deficit is first foreseen.

Gift Aid Policy

Gift Aid payments are recognised once there is a commitment as to the amount payable. This is at the point payment is made. Such payments, and the associated tax relief, are presented as movements in equity.

Significant judgements and key areas of estimation uncertainty

Directors consider there to be no items in the financial statements where they have had to make significant judgements in the process of applying the group’s accounting policies or key sources of estimation uncertainty.

Net debt

The activities of the group are funded through cash received from the operations of the group.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

2 Incoming resources

Investment income

The Group

Investment income comprises income from:

Bank deposits

2021	2020
£	£
732	5,302

The Charitable Company

Investment income comprises income from:

Bank deposits

2021	2020
£	£
607	4,938

Voluntary income The Group and Charitable Company

Voluntary income comprises income from:

Other donations	2021 £ 428,035	2020 £ 200,000
	428,035	200,000

Donation received from Together Housing Association to further social value work.

Profit on sale of fixed assets

Proceeds Cost Profit	2021 £ 20,500 (1,116)	2020 £ - -
	19,384	-

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

3 Operations of trading subsidiary

A summary of the results of the trading subsidiary is set out below. Turnover below includes intercompany amounts which are consolidated for the group position and resulting unrestricted funds.

Turnover Cost of sales Gross profit Other operating income Administration costs Gift aid payable Bank interest receivable Taxable profits A summary of the balance sheet of the trading subsidiary is set Fixed assets Current assets Creditors: amounts falling due within one year Provisions Total net assets Share capital and reserves 4 Analysis of total resources expended The Group Cost of generating funds Charitable expenditure £ £ Sustainable Communities - 1,660,099 Business Services 1,357,300 - Landscape Services 7,163,345 - Other 507,399 - Management of the 71,945 - subsidiary (see note 6) Governance costs (see note 6) - - Grants payable (see note 5) - 82,012 Total 9,099,989 1,742,111	Turnover Cost of sales Gross profit Other operating income Administration costs Gift aid payable Bank interest receivable Taxable profits A summary of the balance sheet of the trading subsidiary is set Fixed assets Current assets Creditors: amounts falling due within one year Provisions Total net assets Share capital and reserves 4 Analysis of total resources expended The Group Cost of generating funds Charitable expenditure £ £ Sustainable Communities - 1,660,099 Business Services 1,357,300 - Landscape Services 7,163,345 - Other 507,399 - Management of the 71,945 - subsidiary (see note 6) Governance costs (see note 6) - - Grants payable (see note 5) - 82,012 Total 9,099,989 1,742,111	Turnover Cost of sales Gross profit Other operating income Administration costs Gift aid payable Bank interest receivable Taxable profits A summary of the balance sheet of the trading subsidiary is set Fixed assets Current assets Creditors: amounts falling due within one year Provisions Total net assets Share capital and reserves 4 Analysis of total resources expended The Group Cost of generating funds Charitable expenditure £ £ Sustainable Communities - 1,660,099 Business Services 1,357,300 - Landscape Services 7,163,345 - Other 507,399 - Management of the 71,945 - subsidiary (see note 6) Governance costs (see note 6) - - Grants payable (see note 5) - 82,012 Total 9,099,989 1,742,111	2021 2020 £ £ 10,548,458 8,883,759 (9,452,859) (7,625,675) 1,095,599 1,258,084 148,018 36,296 (507,399) (534,411) (767,937) (395,072) 124 364 (31,595) 365,261 out below. 2021 2020 £ £ 287,437 328,665 2,659,581 2,163,914 (1,895,961) (1,409,927) (31,617) (40,496) 1,019,440 1,042,156 1,019,440 1,042,156 Governance costs Total 2021 Total 2020 £ £ £ - 1,660,099 1,545,487 - 1,357,300 1,353,136 - 7,163,345 4,718,811 - 507,399 534,411 - 71,945 66,869 52,100 52,100 68,164 - 82,012 92,025 52,100 10,894,200 8,378,903	2021 2020 £ £ 10,548,458 8,883,759 (9,452,859) (7,625,675) 1,095,599 1,258,084 148,018 36,296 (507,399) (534,411) (767,937) (395,072) 124 364 (31,595) 365,261 out below. 2021 2020 £ £ 287,437 328,665 2,659,581 2,163,914 (1,895,961) (1,409,927) (31,617) (40,496) 1,019,440 1,042,156 1,019,440 1,042,156 Governance costs Total 2021 Total 2020 £ £ £ - 1,660,099 1,545,487 - 1,357,300 1,353,136 - 7,163,345 4,718,811 - 507,399 534,411 - 71,945 66,869 52,100 52,100 68,164 - 82,012 92,025 52,100 10,894,200 8,378,903	2021 2020 £ £ 10,548,458 8,883,759 (9,452,859) (7,625,675) 1,095,599 1,258,084 148,018 36,296 (507,399) (534,411) (767,937) (395,072) 124 364 (31,595) 365,261 out below. 2021 2020 £ £ 287,437 328,665 2,659,581 2,163,914 (1,895,961) (1,409,927) (31,617) (40,496) 1,019,440 1,042,156 1,019,440 1,042,156 Governance costs Total 2021 Total 2020 £ £ £ - 1,660,099 1,545,487 - 1,357,300 1,353,136 - 7,163,345 4,718,811 - 507,399 534,411 - 71,945 66,869 52,100 52,100 68,164 - 82,012 92,025 52,100 10,894,200 8,378,903
	9,099,989	1,742,111	52,100	10,894,200	8,378,903

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

4 Analysis of total resources expended (continued)

The Charitable Company

Grants made payable to subsidiary (see note 5) Support costs (see note 6) Funds returned Grants payable Total	Charitable Activities Generating funds Governance costs £ £ £ 341,661 670,697 - 124,045 - 27,120 (5,000) - - 87,012 - - 547,718 670,697 27,120	Charitable Activities Generating funds Governance costs £ £ £ 341,661 670,697 - 124,045 - 27,120 (5,000) - - 87,012 - - 547,718 670,697 27,120	Charitable Activities Generating funds Governance costs £ £ £ 341,661 670,697 - 124,045 - 27,120 (5,000) - - 87,012 - - 547,718 670,697 27,120	Total 2021 £ 1,012,358 151,165 (5,000) 87,012	Total 2020 £ 915,691 167,229 (6,142) 98,167 1,174,945
	547,718	670,697	27,120	1,245,535

The Group

Total resources expended include :
Auditors remuneration:
Fees payable to the group's auditor for the audit of the group's annual
financial statements
Depreciation:
Tangible fixed assets, owned
Other operating lease rentals
The Charitable Company
Total resources expended include:
Auditors remuneration:
Fees payable to the charitable company's auditor for the audit of the
company's annual financial statements
Depreciation:
Tangible fixed assets, owned

2021
2020
£
£
18,000
17,500
82,165
83,336
45,174
44,174
2021
2020
£
£
11,600
11,300
631
702

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

5 Grants payable

The Group and Charitable Company

The following projects were funded by the Charity in 2020/2021 in furtherance of Charitable Objectives (these objectives are listed in full on page 6). The value shown is the total grant allocated to the project which is generally for a 12 month period and may therefore extend beyond March 2021:

Project Name	Grants to Institutions
	Total amount
	£
Newground CIC 2020/21	341,661
WorkingWardrobe	7,500
The HUB@StJames	5,000
COMM GRANT 20/21	4,512
Offshoots Development	70,000
LESS funds returned fromprioryears	(5,000)

Expenditure on charitable Activities - Unrestricted Reserves - the charitable company	423,673
Payments made from NT to NGCIC	(341,661)
Total for the charitablegroup	82,012

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

6 Support cost allocation

The Group

Salaries and wages External audit Legal General office and administration	Management of subsidiary £ 84,373 - - 17,681	Governance costs £ 3,541 18,000 450 -	Total 2021 £ 87,914 18,000 450 17,681 124,045	Total 2020 £ 102,343 13,560 1,680 17,450
	102,054	21,991		135,033

(see note 4 Management of the Subsidiary and Governance Costs).

The Charitable Company

Salaries and wages External audit Legal General office and administration	Management of subsidiary £ 111,493 - - 21,442 132,935	Governance costs £ 3,541 11,600 3,088 -	Total 2020 £ 115,034 11,600 3,088 21,442	Total 2021 £ 134,539 13,560 1,680 17,450
		18,229	151,164	167,229

(see note 4 Support Costs).

Basis of support costs allocation Central support costs are allocated as follows:

Salaries and wages, estimated time spent on generating funds and governance
External audit, calculated expenditure spent on governance
Legal, calculated expenditure spent on governance
General office and administration, estimated expenditure spent on generating funds and governance

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

7 Taxation on net incoming resources

Major components of tax (credit)/expense

Deferred tax Origination and reversal of timing differences UK current tax (credit)/expense Reconciliation of Tax Group net income/(expenditure) for year Expenditure/(income) not subject to tax Profit subject to tax Profit on ordinary activities by rate of tax 19% (2020:19%) Fixed asset differences Expenses not deductible for tax Amounts (charged) directly to equity of otherwise transferred Adjustment in respect of prior periods Other permanent differences Adjust opening deferred tax to 19% Total tax (credit)/expense	2021 £ (8,879) (8,879)	2020 £ 31,438
		31,438 2020 £ (209,675) 970,007 760,332 144,463 1,874 799 (146,268) 26,398 - 4,172 31,438
	2021 £ 301,169 435,172 736,341
	139,905 2,001 - (151,016) - 231 -
	(8,879)

8 Staff costs

The Group Wages and salaries Social security costs Other pension costs Recharged wages	2021 £ 2,514,262 222,679 201,710 681,572	2020 £ 2,395,614 210,503 190,099 656,982
	3,620,223	3,453,198

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

8 Staff costs (continued)

The average number of employees during the year was as follows:

Direct charitable expenditure Management and administration of charity	2021 No 86 5	2020 No 87 5
	91	92

During the year, total full-time equivalents for all staff amounted to 84 (2020: 86).

Total key management personnel emoluments totalled £307,466 (2020: £303,946) of which £71,889 (2020: £10,419) was recharged from fellow parent company. Key management personnel is defined as the senior management team.

The Charitable Company Wages and salaries Social security costs Other pension costs The average number of employees during the year was as follows: Management and administration of charity	2021 £ 82,709 3,541 1,517	2020 £ 85,854 6,791 5,975
	87,767	98,620
	2021 No 1	2020 No 2

During the year, total full-time equivalents for all staff amounted to one (2020: two).

There was one employee receiving remuneration (on a full-time equivalent basis) in the range of £60,000 - £70,000 (2020: One).

No trustee received remuneration in the year from the charity (2020: £Nil).

Expenses were reimbursed to the trustees during the year amounted to £nil (2020: £311).

Total key management personnel totalled £59,341 (2020: £65,722).

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

9 Tangible fixed assets

The Group

Leasehold improvements Motor vehicles Project and office equipment £ £ £ Cost At 1 April 2020 26,627 70,500 532,727 Additions - - 41,422 Disposals - (61,745) - At 31 March 2021 26,627 8,755 574,149 Depreciation At 1 April 2020 24,812 69,049 205,340 Charge for year 925 230 81,010 Disposals - (60,629) - At 31 March 2021 25,737 8,650 286,350 Net book value At 31 March 2021 890 105 287,799 At 31 March 2020 1,815 1,451 327,387 The Charitable Company Office equipment Leasehold improvements £ £ Cost At 1 April 2020 1,244 26,627 Additions - - At 31 March 2021 1,244 26,627 Depreciation At 1 April 2020 1,067 24,814 Charge in year - 631 At 31 March 2021 1,067 25,445 Net book value At 31 March 2021 177 1,182 At 31 March 2020 177 1,813	Leasehold improvements Motor vehicles Project and office equipment £ £ £ Cost At 1 April 2020 26,627 70,500 532,727 Additions - - 41,422 Disposals - (61,745) - At 31 March 2021 26,627 8,755 574,149 Depreciation At 1 April 2020 24,812 69,049 205,340 Charge for year 925 230 81,010 Disposals - (60,629) - At 31 March 2021 25,737 8,650 286,350 Net book value At 31 March 2021 890 105 287,799 At 31 March 2020 1,815 1,451 327,387 The Charitable Company Office equipment Leasehold improvements £ £ Cost At 1 April 2020 1,244 26,627 Additions - - At 31 March 2021 1,244 26,627 Depreciation At 1 April 2020 1,067 24,814 Charge in year - 631 At 31 March 2021 1,067 25,445 Net book value At 31 March 2021 177 1,182 At 31 March 2020 177 1,813	Motor vehicles £ 70,500 - (61,745)	Motor vehicles £ 70,500 - (61,745)	Project and office equipment £ 532,727 41,422 -	Total £ 629,854 41,422 (61,745)
26,627 24,812 925 -		8,755 69,049 230 (60,629)		574,149 205,340 81,010 -	609,531 299,201 82,165 (60,629)
25,737 890		8,650 105		286,350 287,799	320,737 288,794
	1,815	1,451		327,387	330,653
					Total £ 27,871 -
	1,244		26,627		27,871
	1,067 -		24,814 631		25,881 631
	1,067		25,445		26,512
	177		1,182		1,359
	177		1,813		1,990

All tangible fixed assets are used for charitable purposes.

Newground Together Financial statements for the year ended 31 March 2021

£ 5

Notes to the financial statements

10 Investments

The Charitable Company

Cost at 1 April 2020 and 31 March 2021

At 31 March 2021 the company held 20% or more of the allotted share capital of the following:

		Proportion of
	Class of	nominal
	share capital	value
	held	held
Newground CIC	Ordinary	100%
The Compliance People (Previously ELUS Ltd)	Ordinary	100%
Groundwork Pennine Lancashire Ltd	Ordinary	100%
Sustainable Business Hub Limited	Ordinary	100%

Newground CIC holds 100% of the allotted share capital of Groundwork Limited, Groundwork Contract Services Limited and Sustainable Hub. All of these subsidiaries are dormant. The registered office is the same as Newground Together.

11 Debtors

Trade debtors Other debtors Amounts owed by subsidiary undertaking Amounts owed by fellow group undertakings Prepayments	The Group 2021 2020 £ £ 654,999 785,494 87 - - - 236,090 192,265 261,896 230,400 1,153,072 1,208,159	The Group 2021 2020 £ £ 654,999 785,494 87 - - - 236,090 192,265 261,896 230,400 1,153,072 1,208,159	The Charitable Company 2021 2020 £ £ - - - - 145,970 - - - 6,495 6,100 152,465 6,100	The Charitable Company 2021 2020 £ £ - - - - 145,970 - - - 6,495 6,100 152,465 6,100
	1,153,072	1,208,159	152,465	6,100

Amounts due from group undertakings are due on demand and are not subject to interest.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

12 Creditors: amounts falling due within one year

Trade creditors Amounts owed to fellow group undertakings Accruals and deferred income	The Group 2021 2020 £ £ 242,181 158,767 188,532 98,105 1,930,612 1,466,953 2,361,325 1,723,825	The Group 2021 2020 £ £ 242,181 158,767 188,532 98,105 1,930,612 1,466,953 2,361,325 1,723,825	The Charitable Company 2021 2020 £ £ - - 281,196 11,721 465,364 311,735 746,560 323,456
	2,361,325	1,723,825

Accruals and deferred income include pension contributions paid after the year end amounting to £nil (2020: £nil) for the group. Amounts due to group undertakings are repayable on demand and are not subject to interest.

13 Provisions

The Group

At 31 March 2020 Charged to profit and loss At 31 March 2021	£ 40,496 (8,879)
	31,617

Deferred tax provisions relate to timing differences in the accounting and taxation for fixed assets.

14 Income funds

Income funds are analysed as follows:

The Group

Restricted Other restricted reserves Other unrestricted funds	Balance 31 March 2020 £ - 1,890,628	Income Expenditure £ £ 10,646,833 (10,559,370) 428,642 (206,057) 11,075,475 (10,765,427)	Income Expenditure £ £ 10,646,833 (10,559,370) 428,642 (206,057) 11,075,475 (10,765,427)	Transfers £ - -	Balance 31 March 2021 £ 87,463 2,113,213
	1,890,628	11,075,475	(10,765,427)	-	2,200,676

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

14 Income funds (continued)

Restricted funds

Restricted funds represent grants received from funders that have not yet been spent on specific projects for which the funds were advanced.

Other unrestricted funds comprise funds generated by Newground CIC and general unrestricted charitable funds as follows:

Balance at 1 April 2020 Net movements in the year Amounts from restricted Balance at 31 March 2021	Total Restricted General charitable funds Funds generated by Newground £ £ £ £ 1,890,628 - 848,481 1,042,147 222,585 - 332,763 (110,178) 87,463 87,463 - -
	2,200,676 87,463 1,181,244 931,969

The Charitable Company

Other unrestricted funds Other restricted funds	Balance 31 March 2020 £ 848,480 -	Income £ 1,196,579 381,721	Expenditure (incl. tax) £ (574,837) (670,698)	Balance 31 March 2021 £ 1,470,222 (288,977)
	848,480	1,578,300	(1,245,535)	1,181,245

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

15 Analysis of net assets between funds

The Group

Fixed assets Current assets Provisions Current liabilities Total net assets	Unrestricted funds £ 288,794 4,217,361 (31,617) (2,361,325)	Restricted funds £ - 87,463 - -	Total funds £ 288,794 4,304,824 (31,617) (2,361,325)
	2,113,213	87,463	2,200,676

The Charitable Company

Fixed assets Investments Current assets Current liabilities Total net assets	Unrestricted funds £ 1,359 5 1,926,441 (457,583)	Restricted funds £ - - - (288,977)	Total funds £ 1,359 5 1,926,441 (746,560)
	1,470,222	(288,977)	1,181,245

16 Financial commitments

The Group

The future minimum operating lease payments are as follows:

Operating leases which expire: within one year within two to five years	Land and buildings £ 45,174 56,500	2021 Other £ 1,382 -	Land and buildings £ 44,174 134,000	2020 Other £ 1,382 - 1,382
	101,674	1,382	178,174

17 Retirement benefits

The group operates a defined contribution pension scheme for the benefit of the employees. The assets of the scheme are administered by the trustees in a fund independent from those of the group.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

18 Related party transactions

As a parent company of Newground CIC, the charitable company is exempt from the requirements of Financial Reporting Standard 102, to disclose transactions with Newground CIC.

Year ended 31 March 2021

Year ended 31 March 2021
	Sales made by	Purchases
Related party	the	made by the	Owed to the	Owed by the
	group	group	group	group
	£	£	£	£
Together Housing Association	7,853,341	5,281,603	188,532	236,091

Together Housing Association is a fellow subsidiary of Together Housing Group, Together Housing Group is the ultimate controlling party of Newground Together.

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

19 Restricted and unrestricted funds

Restricted and unrestricted funds for the group and charity for prior year are detailed below:

Unrestricted general funds £ 200,000	Restricted funds £ -	Total 2020 £ 200,000
200,000 - - - 4,938	- 2,161,724 4,956,101 4,100 364	200,000 2,161,724 4,956,101 4,100 5,302
4,938 - -	7,122,289 - 842,001	7,127,227 - 842,001
204,938	7,964,290	8,169,228
- - - (135,033)	(534,411) (1,353,136) (4,718,811 -	(534,411) (1,353,136) (4,718,811) (135,033)
(135,033) - (92,025)	(6,606,358) (1,545,487) -	(6,741,391) (1,545,487) (92,025)
(92,025)	(1,545,487)	(1,637,512)
(227,058)	(8,151,845)	(8,378,903)
(22,120) (218,993) -	(187,555) 218,993 (31,438)	(209,675) - (31,438)
(241,113) 2,131,741	- -	(241,113) 2,131,741
1,890,628	-	1,890,628

Newground Together Financial statements for the year ended 31 March 2021

Notes to the financial statements

All funds were unrestricted in the parent charity.

Unrestricted general funds £ 200,000 4,938 395,072	Restricted funds £ - - -	Total 2020 £ 200,000 4,938 395,072 600,010 (1,007,716) (167,229)
600,010	-
(1,007,716) (167,229)	- -
(1,174,945)	-	(1,174,945)
(574,935) 1,423,415	- -	(574,935) 1,423,415 848,480
848,480	-

Financial Statements Newground Together

For the year ended 31 March 2021

Company information

Index to financial statements

Report of the Trustees

Directors and trustees

Report of the Trustees Continued

Structure, governance and management

Governing document

Appointment of trustees

Trustee induction and training

Organisation

Risk management

Report of the Trustees Continued

Financial risk management objectives and policies

Going Concern

Objectives and activities

Report of the Trustees Continued

Public benefit

Strategic Report

Achievements and performance

Report of the Trustees Continued

Plans for the future

Report of the Trustees Continued

Financial review

Report of the Trustees Continued

Investment powers and policy

Reserves policy

Governance Code

Report of the Trustees Continued

Trustees’ responsibilities statement

Auditors

Independent Auditor’s Report to members of Newground Together

OPINION ON THE FINANCIAL STATEMENTS

BASIS FOR OPINION

Independence

CONCLUSIONS RELATED TO GOING CONCERN

OTHER INFORMATION

OTHER COMPANIES ACT 2006 REPORTING

RESPONSIBILITIES OF TRUSTEES

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Extent to which the audit was capable of detecting irregularities, including fraud

Use of our report

24 September 2021

Consolidated statement of financial activities (incorporating a consolidated income and expenditure account)

Charitable company statement of financial activities (incorporating a charitable company income and expenditure account)

Consolidated statement of financial position

Charitable company statement of financial position

Consolidated statement of cash flows

Notes to the financial statements

1 Accounting policies

Company information

Basis of preparation

Parent company disclosure exemptions

Going concern

Notes to the financial statements

1. Accounting policies (continued)

Basis of consolidation

Income

Donations and gifts

Grants receivable

Investment income

Notes to the financial statements

1. Accounting policies (continued)

Charitable trading income

Resources expended

Grants payable

Fund accounting

Tangible fixed assets and depreciation

Investments

Notes to the financial statements

1. Accounting policies (continued)

Leased assets

Pension costs

Defined contribution scheme

Long term contracts

Gift Aid Policy

Significant judgements and key areas of estimation uncertainty

Net debt