2022-03-31-accounts

Financial Statements Newground Together

For the year ended 31 March 2022

Company No 02501885 Charity number 702800

Newground Together Financial statements for the year ended 31 March 2022

Company information

Company registration number	02501885
Registered charity number	702800
Registered office	193 Bolton Road
	Blackburn
	BB2 3GE
Banker	Barclays Bank PLC
	3 Hardman Square
	Spinningfields
	Manchester
	M3 3HF
Solicitor	Wrigleys LLP
	19 Cookridge Street
	Leeds
	LS2 3AG
Auditor	BDO LLP
	3 Hardman Square
	Spinningfields
	Manchester
	M3 3AT

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Newground Together

Financial statements for the year ended 31 March 2022

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 2022

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 2022.

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:

Lesley Burrows (appointed 22 June 2022) Alan Cotton (resigned 22 June 2022) Colin Davies (appointed 22 June 2022) Jane Fowler (appointed 7 July 2021) (resigned 10 April 2022) Gwynne Furlong Martin Gore (appointed 22 June 2022) Thomas Hague (appointed 22 June 2022) Malcolm Harrison (resigned 22 June 2022) James Hartley Zaffer Khan Kevin Leith (resigned 22 June 2022) John Townsend (resigned 22 June 2022)

3

Newground Together Financial statements for the year ended 31 March 2022

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.

Organisation

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

An element of the charity’s direct operations are 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. Newground CIC is overseen by its own board of Executive Directors.

In addition, the charity’s objects are furthered by the awarding of commissions to third parties to deliver key activities in priority locations where the charity does not have an in-house delivery capability. A community grant programme provides small grants to community groups to deliver projects in their local neighbourhoods.

Newground Together is a member of Together Housing Group a registered social landlord managing over 36,000 properties in the North of England. The Chair of the Newground Together board is a member of the Together Housing Group board.

Newground CIC has 100% ownership of the following dormant companies – The Compliance People Limited, The Flood Hub Limited and Groundwork Pennine Lancashire Limited.

Appointment of trustees

There are up to 8 Trustee positions. At 31[st] March 2022 the Charity had no vacant Trustee positions. Trustee appointments are for a fixed term of no longer than 3 years. If a Trustee has completed 3 terms of continuous service on the board of the charity, they shall not be eligible for re-appointment. Following a recruitment process four new Trustees were appointed in June 2022, due to Trustees reaching the end of their tenure.

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

Trustee induction and training

New members take part in an induction day and also undergo a series of induction meetings to help them understand the organisation and their roles and responsibilities as Trustees. 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 on a regular basis. Electronic Board Packs provide Trustees with an information resource. A Trustee appraisal process is in place.

4

Newground Together Financial statements for the year ended 31 March 2022

Report of the Trustees Continued

Objectives and activities

Newground Together aims to empower people to create sustainable communities that are connected, resilient, healthy and prosperous to achieve our ambition: better lives and opportunities for our communities.

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;

• (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 help make the North of England more sustainable and to improve the social conditions of those living and working there.

Public benefit is achieved both through direct delivery, commissions and through an open community 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 projects completed in 2021/22 are detailed in the achievements and performance section.

5

Newground Together Financial statements for the year ended 31 March 2022

Report of the Trustees Continued

Strategic Report

Achievements and performance

The main strategic goals of Newground Together in 2021/22 were to:

• Ensure that funds were allocated appropriately during 2021/22.

• Implement a board recruitment programme to support succession plans.

• Ensure that appropriate governance was in place and maintained.

• Access funding from a range of funding sources

• Maintain a flexible approach to project activity, taking into account covid restrictions

• Promote the activities of Newground Together.

In the 12 months to 31 March 2022 Newground Together has allocated funding to a value of £1,413,563.

Activity was focused on three key themes;

• To support people into employment or to enhance their work position

• To engage people in the local environment

• To create opportunities for people to thrive in their communities

Through driving investment in activities and projects that enhance our neighbourhoods, connect people to the natural environment, enrich social inclusion, and create employment and skills opportunities, our goal is to strengthen our communities by cultivating a sense of local pride in the places where people live, learn, work and play. When people feel empowered, confidence increases, and they feel a sense of control enabling them to influence positive change, creating sustainable communities that are connected, resilient, safe, healthy and prosperous.

The impacts of the covid pandemic on mental health and wellbeing, social isolation and people’s financial situation left many with low levels of confidence and often not sure where or who to turn to for help. Building trust and supporting people to take the first steps offered vital support.

As the post-covid landscape evolved throughout the year, understanding the local labour market conditions and recruitment challenges facing employers has enabled us to tailor our support; offering vocational learning opportunities alongside mentoring support to provide training and re-training to give people the best chance of securing work in priority sectors including health and social care, warehousing and manufacturing, retail and hospitality.

Many people we work with struggle to access traditional, college-based learning provision for a whole host of reasons; negative experiences of school, fear of the college and classroom environment, large group sizes, travel, and the challenges of attending around home and family commitments. This year Newground Together has developed a community-based learning team to sit alongside our existing employment programmes to provide access to learning opportunities to support participants into work and remove barriers to living healthy and financially sustainable lives.

Our activities supported 1,254 people with employment advice and training, with over 1,230 training outcomes achieved, resulting in 339 people securing employment.

During the year Newground Together was well placed to respond to local needs and hardship resulting firstly from the Covid-19 pandemic, followed by the cost of living crisis. Our teams continued to support local foodbanks, while 7,571 emergency fuel vouchers were distributed at a value of £332,937. In Calderdale we supported the local authority to distribute financial support to vulnerable residents.

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Newground Together Financial statements for the year ended 31 March 2022

Report of the Trustees Continued

Our Great Outdoors Team supported volunteers at our community garden project - Offshoots, a central place for volunteering and community sessions, enabling people to get out in the fresh air and reduce the feelings of isolation many of them were experiencing during the pandemic. With normal exercise regimes disrupted, daily walks were the only way for many to get exercise and fresh air. We also celebrated the 20th year of our organised walking groups in East Lancashire. Our walkers became more connected with each other and grew in numbers as more people than ever rediscovered the outdoors, found the joy in engaging with the natural environment and joined the groups for weekly exercise and companionship.

Newground Together’s Youth Team worked in communities, engaging with 1,350 young people to support their personal, social and educational development and enable them to gain a voice, influence and a place in society. Our Youth Workers helped young people to engage positively with their local communities, supporting them to realise their potential and to address life’s challenges. In 2021 we were commissioned by Calderdale Council to deliver Open Access Youth Provision in Halifax, extending our offer for young people with three new Youth Clubs based in communities in Mixenden, Ovenden and Rastrick.

Our community grants programme supported resident groups, grass root community organisations and volunteer-led groups providing financial support to local community-based organisations doing fantastic work in the heart of our communities. These projects included a spring planting project, a food growing and horticulture project and a computer learning programme for young people.

Plans for the future

Newground Together will undertake specified programmes that meet the charitable objects through direct delivery and commissions through its Community Interest Company. A programme of open community grants aimed at local 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.

The key themes remain;

• To support people into employment or to enhance their work position

• To engage people in the local environment

• To create opportunities for people to thrive in their communities

The key objectives for 2022/23 are to:

• Ensure that appropriate governance is maintained

• Ensure that charitable funds are allocated appropriately

• Build our brand, reputation and profile

• Operate in a safe sustainable way

• Secure external funding streams beyond the European Social Fund

• Create a positive work culture and work environment

• Implement robust systems to maintain operational efficiency and quality

Risk management

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

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Newground Together Financial statements for the year ended 31 March 2022

Report of the Trustees Continued

Principle risks identified are;

• Failure to secure external funding streams, limiting the charity’s ability to deliver its objects – minimised through strong relationships with stakeholders, a strong track record of delivery, monitoring of funding opportunities and marketing the charity’s offer.

• Reputational damage from negative publicity – mitigated through policies, processes and procedures.

• Loss of personal data – minimised through policy, procedures, training and data sharing agreements

• Loss of key staff or Trustees – mitigated through succession planning, training and development.

• 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.

Governance Code

The charity recognises the need for effective governance and leadership through compliance with the 7 principles of the Charity Commission’s Governance Code.

Going Concern

The Covid-19 pandemic continued to have an impact on Newground Together and its activities throughout the 2021/22 financial year. The pandemic affected the ability to meet people face to face and run group activities from community centres, although new projects and activities were developed to meet emerging needs. The senior management team regularly reviewed financial performance against the business plan and reforecast midway through the year.

The board of Trustees have approved the 2022/23 Business Plan and the organisation will continue to operate as a going concern with the board and senior management team continuing to review performance on a regular basis and taking steps to mitigate any emerging risks throughout the year.

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 £441,360 (2021: expenditure of £310,048). This resulted in accumulated fund balances of £2,642,036 (2021: £2,200,676).

For the charitable company, the statement of financial activities, shows net incoming resources of £161,530 (2021: outgoing resources £332,765) for the financial year. This resulted in accumulated fund balances of £1,342,775 (2021: £1,181,245).

The operating divisions delivered projects during 2021/22;

Business Services had a turnover of £2,583,344 (2021: £2,161,604). The division delivered environmental, health & safety services including subscription services, flood resilience programmes, training and consultancy.

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Newground Together Financial statements for the year ended 31 March 2022

Report of the Trustees Continued

Sustainable Communities had a turnover of £2,131,056 (2021: £949,736). 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 reduced turnover of £359,590 (2021: £7,477,178) due to an internal restructure of its services. The Landscape Services Division continued to deliver a range of projects and services to clients including local authorities, parish councils, community groups, schools and businesses. The division managed the delivery of void property clear and clean services, grounds maintenance and estate services on behalf Together Housing Association until October 2021.

The ratio of current assets to current liabilities on the consolidated balance sheet is 1.9:1 (2021: 1.8:1) while the ratio of cash only to current liabilities is 1.3:1 (2021: 1.3:1).

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 £436,701 (2021: £301,169) and the charitable company had net incoming resources before transfers of £161,530 (2021:£332,765). After transfers this resulted in unrestricted fund balances of £2,422,072 (2021:£2,113,213), with restricted for the group being £219,964 (2021:£87,463) and unrestricted for the company of £2,289,570 (2021:£1,470,222) and restricted with a loss of £946,795 (2021:£288,978 ) for the charitable company.

Financial risk management objectives and policies

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

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 all 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 funding sources or grant programmes.

• To provide cover for any unforeseen down-turn in activity and to allow for generating new replacement activity in pursuit of the charity’s charitable objectives.

• To maintain a positive cashflow.

The Reserves Policy was reviewed in December 2021.

Investment powers and policy

Under the charity’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 which considers the level of acceptable risk and the charity’s position on ethical investment.

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Newground Together Financial statements for the year ended 31 March 2022

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 Gore

Trustee

Date: 7 September 2022

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Newground Together Financial statements for the year ended 31 March 2022

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 2022 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 2022 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 are independent of the Group and the Parent 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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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.

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Newground Together Financial statements for the year ended 31 March 2022

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.

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Newground Together Financial statements for the year ended 31 March 2022

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:

As a part of our audit in accordance with United Kingdom Generally Accepted Accounting Practice; and requirements of the Companies Act 2006 we exercise professional judgement and maintain professional scepticism throughout the audit. Based on our understanding and accumulated knowledge of the Group and Parent Charitable Company and the sector in which it operate we considered the risk of acts by the Group and Parent Charitable which were contrary to applicable laws and regulations, including fraud and whether such actions or non-compliance might have a material effect on the financial statements. These included but were not limited to those that relate to the form and content of the financial statements, such as the Group accounting policies, United Kingdom Generally Accepted Accounting Practice, the UK Companies Act 2006 and those that relate to the payment of employees. All team members were briefed to

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries, management bias in accounting estimates and improper revenue recognition. Our audit procedures included, but were not limited to:

• Agreement of the financial statement disclosures to underlying supporting documentation;

• Challenging assumptions and judgements made by management in their accounting estimates, in particular in relation to recoverability of receivable balances and the completeness of accruals;

• Substantive testing to confirm the existence of revenue;

• Identifying and testing journal entries, in particular any journal entries posted with specific keywords, manual journals to revenue and cash, and review of journals posted to least used accounts;

• Discussions with management; including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;

• Review of minutes of Board meetings throughout the year;

• Obtained an understanding of how the Group and Parent Charitable Company is complying with those legal and regulatory frameworks by making enquiries to management and those responsible for legal and compliance procedures. We corroborated our enquiries through our review of board minutes and other evidence gathered during the course of the audit;

• Obtaining an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group and Parent Charitable Company’s internal control; and

• Evaluated the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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Newground Together Financial statements for the year ended 31 March 2022

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

22 September 2022

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

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Newground Together Financial statements for the year ended 31 March 2022

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

Note Income Donations and legacies 2 Other trading activities Business services Landscape services Other income Investments 2 Charitable Activities Sustainable communities Total income Expenditure Other trading activities Other expenditure 4 Business services 4 Landscape services 4 Support costs 6 Charitable activities Sustainable communities 4 Grants payable 5 Total expenditure 4 Net income for the year before tax Taxation 7 Movement in funds for the year Total funds brought forward at 1 April 2021 Total funds carried forward at 31 March 2022 14	Unrestricted general funds £ 317,698	Restricted funds £ -	Total 2022 £ 317,698	Total 2021 £ 428,035
	317,698 - - - 214	- 2,583,344 359,590 75,944 186	317,698 2,583,344 359,590 75,944 400	428,035 2,161,604 7,477,178 178,084 732
	214 -	3,019,064 2,131,056	3,019,278 2,131,056	9,817,598 949,736
	317,912	5,150,120	5,468,032	11,195,369
	- - - (25,172)			(507,399) (1,357,300) (7,163,345) (124,045)
	(25,172) - 16,119			(9,152,089) (1,660,099) (82,012)
	16,119			(1,742,111)
	(9,053)			(10,894,200)
	308,859 -	127,842 4,659	436,701 4,659	301,169 8,879
	308,859 2,113,213	132,501 87,463	441,360 2,200,676	310,048 1,890,628
	2,422,072	219,964	2,642,036	2,200,676

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

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Newground Together Financial statements for the year ended 31 March 2022

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

Note Income Donations and legacies 2 Investments 2 Sustainable communities Other - gift aid receivable from subsidiary 3 Total income Expenditure Expenditure on charitable activities Sustainable communities Other – support costs 6 Total expenditure 4 Net incoming/(outgoing) resources for the year Total funds brought forward at 1 April 2021 Total funds carried forward at 31 March 2022 14	Unrestricted general funds £ 317,698 214 - 788,098	Restricted funds £ - - 494,256 -	Total 2022 £ 317,698 214 494,256 788,098	Total 2022 £ 317,698 214 494,256 788,098
	1,106,010	494,256	1,600,266
	(261,491) - (25,171)	- (1,152,074) -
	(286,662)	(1,152,074)	(1,438,736)	(1,245,535)
	819,348 1,470,222	(657,818) (288,977)	161,530 1,181,245	332,765 848,480 1,181,245
	2,289,570	(946,795)	1,342,775

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

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Newground Together Financial statements for the year ended 31 March 2022

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	2022 £ 196,925 1,726,398 3,469,921	2021 £ 288,794 1,153,072 3,151,752
	5,196,319 (2,724,250)	4,304,824 (2,361,325)
	2,472,069	1,943,499
	2,668,994 (26,958)	2,232,293 (31,617)
	2,642,036	2,200,676
	219,964 2,422,072	87,463 2,113,213
	2,642,036	2,200,676

The accompanying notes form part of these financial statements.

The financial statements were approved by the Board on 7 September 2022.

M Gore Director

Company Registration Number: 02501885

17

Newground Together Financial statements for the year ended 31 March 2022

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	2022 £ 906 5	2021 £ 1,359 5
	911 2,758 1,975,684	1,364 152,465 1,773,976
	1,978,442 (636,578)	1,926,441 (746,560)
	1,341,864	1,179,881
	1,342,775	1,181,245
	1,342,775	1,181,245
	(657,818) 2,000,593	(288,977) 1,470,222
	1,342,775	1,181,245

The accompanying notes form part of these financial statements.

The financial statements were approved by the Board on 7 September 2022.

M Gore Director

Company Registration Number: 02501885

18

Newground Together Financial statements for the year ended 31 March 2022

Consolidated statement of cash flows

Cash flows from operating activities Net income for the financial year Adjustments for: Depreciation of tangible assets Profit on sale of fixed assets (note 2) Interest received Corporation tax (credit)/charge (Increase)/decrease in trade and other debtors Increase 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 in cash and cash equivalents Cash and cash equivalents at the beginning of year Cash and cash equivalents at end of year	2022 2021 £ £ 441,360 310,048 90,783 82,165 - (19,384) (400) (732) (4,659) (8,879) (573,326) 55,088 364,011 637,499
	317,769 1,055,805 - 317,769 1,055,805 - 20,500 - (41,422)
	- (20,922) 400 732
	400 732 318,169 1,035,615
	3,151,752 2,116,137
	3,469,921 3,151,752

The accompanying notes form part of these financial statements.

19

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

1 Accounting policies

Company information

Newground Together is a charity (No: 702800) and a registered company limited by guarantee (No. 02501885) whose registered office is Bob Watts Building, 193 Bolton Road, Blackburn, BB2 3GE.

Newground CIC is subsidiary of Newground Together and is a Community Interest Company (CIC), a company registered in England and Wales (No: 2584952), which operates as a social enterprise, delivering programmes of work that improve the local environment and the lives of the people who live and work there. Any surpluses made from these programmes are transferred to the charity and reinvested in further programmes of improvement.

Newground Together will distribute those funds which will be awarded to community projects throughout the North of England which will help to regenerate local communities and tackle issues of deprivation in line with the company objects.

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 Covid-19 pandemic continued to have an impact on Newground Together and its activities throughout the 2021/22 financial year. The pandemic affected the ability to meet people face to face and run group activities from community centres, although new projects and activities were developed to meet emerging needs. The senior management team regularly reviewed financial performance against the business plan and reforecast midway through the year.

The board of Trustees have approved the 2022/23 Business Plan and the organisation will continue to operate as a going concern with the board and senior management team continuing to review performance on a regular basis and taking steps to mitigate any emerging risks throughout the year.

20

Newground Together Financial statements for the year ended 31 March 2022

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.

21

Newground Together Financial statements for the year ended 31 March 2022

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.

22

Newground Together Financial statements for the year ended 31 March 2022

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.

23

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

2 Incoming resources

Investment income

The Group

Investment income comprises income from:

Bank deposits The Charitable Company	2022 2021 £ £ 400 732

Investment income comprises income from:

Bank deposits Voluntary income The Group and Charitable Company Voluntary income comprises income from: Other donations Donation received from Together Housing Association to further social Profit on sale of fixed assets Proceeds Cost Profit	2022 £ 214	2021 £ 607
	2022 £ 317,698	2021 £ 428,035
	317,698	428,035
	value work. 2022 £ - -	2021 £ 20,500 (1,116)
	-	19,384

24

Newground Together Financial statements for the year ended 31 March 2022

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.

2022 £ Turnover 4,883,013 Cost of sales (3,436,145) Gross profit 1,446,868 Other operating income 75,944 Administration costs (459,730) Gift aid payable (788,098) Bank interest receivable 185 Taxable profits 275,169 A summary of the balance sheet of the trading subsidiary is set out below. 2022 £ Fixed assets 196,021 Current assets 3,217,875 Creditors: amounts falling due within one year (2,087,672) Provisions (26,958) Total net assets 1,299,266 Share capital and reserves 1,299,266	2022 £ 4,883,013 (3,436,145)	2021 £ 10,548,458 (9,452,859)
	1,446,868 75,944 (459,730) (788,098) 185	1,095,599 148,018 (507,399) (767,937) 124
	275,169	(31,595)
		2021 £ 287,437 2,659,581 (1,895,961) (31,617) 1,019,440
	1,299,266	1,019,440

4 Analysis of total resources expended

The Group

Sustainable Communities Business Services Landscape Services Other Management of the subsidiary (see note 6) Governance costs (see note 6) Grants payable (see note 5) Total	Cost of generating funds £ - 1,566,341 148,219 459,730 761 - -	Charitable expenditure £ 2,847,988 - - - - - (16,119)	Governance costs £ - - - - - 24,411 -	Total 2022 £ 2,847,988 1,566,341 148,219 459,730 761 24,411 (16,119)	Total 2021 £ 1,660,099 1,357,300 7,163,345 507,399 71,945 52,100 82,012
	2,175,051	2,831,869	24,411	5,031,331	10,894,200

25

Newground Together Financial statements for the year ended 31 March 2022

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 £ £ £ 277,608 1,152,074 - 25,172 - - (23,100) - - 6,981 - - 286,661 1,152,074 -	Charitable Activities Generating funds Governance costs £ £ £ 277,608 1,152,074 - 25,172 - - (23,100) - - 6,981 - - 286,661 1,152,074 -	Charitable Activities Generating funds Governance costs £ £ £ 277,608 1,152,074 - 25,172 - - (23,100) - - 6,981 - - 286,661 1,152,074 -	Total 2022 £ 1,429,682 25,172 (23,100) 6,981	Total 2021 £ 1,012,358 151,165 (5,000) 87,012 1,245,535
	286,661	1,152,074	-	1,438,735

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

2022 2021 £ £ 21,615 18,000 90,783 82,165 45,174 45,174 2022 2021 £ £ 13,957 11,600 453 631

26

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

5 Grants payable

The Group and Charitable Company

The following projects were funded by the Charity in 2021/2022 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 2022:

Project Name	Grants to Institutions
	Total amount
	£
Newground CIC 2021/22	277,608
CommunityGrants	6,981
LESS funds returned fromprioryears	(23,100)
Expenditure on charitable Activities - Unrestricted Reserves - the charitable company	261,489
Payments made from NT to NGCIC	(277,608)
Total for the charitablegroup	(16,119)

27

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

6 Support cost allocation

The Group

Salaries and wages External audit Legal General office and administration	Management of subsidiary £ 1,012 - - 2,545	Governance costs £ - 21,615 - -	Total 2022 £ 1,012 21,615 - 2,545 25,172	Total 2021 £ 87,914 18,000 450 17,681
	3,557	21,615		124,045

(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 £ 1,012 - - 10,484 11,496	Governance costs £ - 13,676 - -	Total 2022 £ 1,012 13,676 - 10,484	Total 2022 £ 115,034 11,600 3,088 21,442
		13,676	25,172	151,164

(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

28

Newground Together Financial statements for the year ended 31 March 2022

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 Reconciliation of Tax Group net income for year Expenditure not subject to tax Profit subject to tax Profit on ordinary activities by rate of tax 19% (2021:19%) Fixed asset differences Expenses not deductible for tax Amounts charged directly to equity of otherwise transferred Adjustment in respect of prior periods – deferred tax Other permanent differences Remeasurement of deferred tax for changes in tax rates Total tax credit 8 Staff costs The Group Wages and salaries Social security costs Other pension costs Recharged wages	2022 £ (4,659) (4,659)	2021 £ (8,879)
		(8,879) 2021 £ 301,169 435,172 736,341 139,905 2,001 - (151,016) - 231 - (8,879) 2021 £ 2,514,262 222,679 201,710 681,572 3,620,223
	2022 £ 436,701 626,567 1,063,268
	202,021 1,891 - (216,087) 1,046 - 6,470
	(4,659)
	2022 £ 2,961,986 259,402 248,590 (335,319)
	3,134,659

29

Newground Together Financial statements for the year ended 31 March 2022

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	2022 No 113 3	2021 No 86 5
	116	91

During the year, total full-time equivalents for all staff amounted to 108 (2021: 84).

Total key management personnel emoluments totalled £253,236 (2021: £307,466) of which £nil (2021: £71,889) was recharged from fellow parent company. Key management personnel is defined as the senior management team.

The full-time equivalent staff (including Directors) who received emoluments including employer pension contributions (excluding employers national insurance contributions);

		2022	2021
		No	No
£60,001	to £70,000	1	1
£70,001	to £80,000	1	1
£80,001	to £90,000	-	1
£90,001	to £100,000	1	-

The Group Director is the highest paid member of staff. His total emoluments including pension contributions equated to £90k (2021: £80k) made up as salary £82k (2021: £73k) and pension £8k (2021: £7k). He is an ordinary member of the pension scheme and no enhanced or special terms apply.

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	2022 £ 761 - -	2021 £ 82,709 3,541 1,517
	761	87,767
	2022 No -	2021 No 1

During the year, total full-time equivalents for all staff amounted to nil (2021: One).

There were no employees receiving remuneration on a full-time equivalent basis (2021: One in the range of £70,000 - £80,000).

No trustee received remuneration in the year from the charity (2021: £Nil).

Expenses were reimbursed to the trustees during the year amounted to £53 (2021: £Nil).

Total key management personnel totalled £Nil (2021: £59,341).

30

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

9 Tangible fixed assets

The Group

Leasehold improvements £ Cost At 1 April 2021 26,627 Adjustment - At 31 March 2022 26,627 Depreciation At 1 April 2021 25,737 Charge for year 453 At 31 March 2022 26,190 Net book value At 31 March 2022 437 At 31 March 2021 890	Leasehold improvements £ Cost At 1 April 2021 26,627 Adjustment - At 31 March 2022 26,627 Depreciation At 1 April 2021 25,737 Charge for year 453 At 31 March 2022 26,190 Net book value At 31 March 2022 437 At 31 March 2021 890	Motor vehicles £ 8,755 -	Project and office equipment £ 574,149 (1,086)	Total £ 609,531 (1,086)
	26,627 25,737 453	8,755 8,650 104	573,063 286,350 90,226	608,445 320,737 90,783
	26,190 437	8,754 1	376,576 196,487	411,520 196,925
	890	105	287,799	288,794

The Charitable Company

Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge in year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021	Office equipment £ 1,244 -	Leasehold improvements £ 26,627 -	Total £ 27,871 -
	1,244	26,627	27,871
	1,067 -	25,445 453	26,512 453
	1,067	25,898	26,965
	177	729	906
	177	1,182	1,359

All tangible fixed assets are used for charitable purposes.

31

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

10 Investments

The Charitable Company

Cost at 1 April 2021 and 31 March 2022

£ 5

At 31 March 2022 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%
Flood Hub Ltd (Previously Sustainable
Business Hub Ltd)	Ordinary	100%

Newground CIC holds 100% of the allotted share capital of Groundwork Limited and Groundwork Contract Services Limited. 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 2022 2021 £ £ 940,210 654,999 - 87 - - 585,924 236,090 200,264 261,896 1,726,398 1,153,072	The Group 2022 2021 £ £ 940,210 654,999 - 87 - - 585,924 236,090 200,264 261,896 1,726,398 1,153,072	The Charitable Company 2022 2021 £ £ - - - - - 145,970 - - 2,758 6,495 2,758 152,465	The Charitable Company 2022 2021 £ £ - - - - - 145,970 - - 2,758 6,495 2,758 152,465
	1,726,398	1,153,072	2,758	152,465

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

32

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

12 Creditors: amounts falling due within one year

Trade creditors Other taxation and social security Amounts owed to fellow group undertakings Accruals and deferred income	The Group 2022 2021 £ £ 166,624 242,181 206,528 - 426,743 188,532 1,924,354 1,930,612 2,724,249 2,361,325	The Group 2022 2021 £ £ 166,624 242,181 206,528 - 426,743 188,532 1,924,354 1,930,612 2,724,249 2,361,325	The Charitable Company 2022 2021 £ £ - - - - 426,743 281,196 209,834 465,364 636,577 746,560
	2,724,249	2,361,325

Accruals and deferred income include pension contributions paid after the year end amounting to £nil (2021: £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 2021 Charged to profit and loss At 31 March 2022	£ 31,617 (4,659)
	26,958

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 2021 £ 87,463 2,113,213	Income £ 5,150,120 317,912	Expenditure £ (5,017,619) (9,053)	Balance 31 March 2022 £ 219,964 2,422,072 2,642,036
	2,200,676	5,468,032	(5,026,672)

33

Newground Together Financial statements for the year ended 31 March 2022

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 2021 Net movements in the year Amounts from restricted Balance at 31 March 2022 The Charitable Company Other unrestricted funds Other restricted funds	Balance 31 March 2021 £ 1,470,222 (288,977)		Total £ 2,200,676 441,360	Restricted £ 87,463 132,501	General charitable funds Funds generated by Newground £ £ 1,181,244 931,969 161,530 147,329
			2,642,036	219,964	1,342,774 1,079,298
			Income £ 1,106,010 494,256	Expenditure (incl. tax) £ (286,662) (1,152,074)	Balance 31 March 2022 £ 2,289,570 (946,795) 1,342,775
	1,181,245		1,600,266	(1,438,736)

34

Newground Together Financial statements for the year ended 31 March 2022

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 £ 196,925 4,976,355 (26,958) (2,724,250)	Restricted funds £ - 219,964 - -	Total funds £ 196,925 5,196,319 (26,958) (2,724,250)
	2,422,072	219,964	2,642,036

The Charitable Company

Fixed assets Investments Current assets Current liabilities Total net assets	Unrestricted funds £ 906 5 1,978,442 21,240	Restricted funds £ - - - (657,818)	Total funds £ 906 5 1,978,442 (636,578)
	2,000,593	(657,818)	1,342,775

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 £ 58,674 174,500	2022 Other £ - -	Land and buildings £ 45,174 56,500	2021 Other £ 1,382 - 1,382
	233,174	-	101,674

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.

35

Newground Together Financial statements for the year ended 31 March 2022

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 2022

Year ended 31 March 2022
	Sales made by	Purchases
Related party	the	made by the	Owed to the	Owed by the
	group	group	group	group
	£	£	£	£
Together Housing Association	978,305	-	-	159,180

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

36

Newground Together Financial statements for the year ended 31 March 2022

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:

Income Donations and legacies Other trading activities Business services Landscape services Other income Investments Charitable Activities Sustainable communities Total income Expenditure Other trading activities Other expenditure Business services Landscape services Support costs Charitable activities Sustainable communities Grants payable Total expenditure Net (expenditure) for the year before tax Transfer between funds Taxation Movement in funds for the year Total funds brought forward at 1 April 2020 Total funds carried forward at 31 March 2021	Unrestricted general funds £ 428,035	Restricted funds £ -	Total 2021 £ 428,035
	- - - 607	2,161,604 7,477,178 178,084 125	2,161,604 7,477,178 178,084 732
	607 -	9,816,991 949,736	9,817,598 949,736
	428,642	10,766,727	11,195,369
	- - - (124,045)	(507,399) (1,357,300) (7,163,345) -	(507,399) (1,357,300) (7,163,345) (124,045)
	(124,045) - (82,012)	(9,028,044) (1,660,099) -	(9,152,089) (1,660,099) (82,012)
	(82,012)	(1,660,099)	(1,742,111)
	(206,057)	(10,688,143)	(10,894,200)
	222,585 - -	78,584 - 8,879	301,169 - 8,879
	222,585 1,890,628	87,463 -	310,048 1,890,628
	2,113,213	87,463	2,200,676

37

Newground Together Financial statements for the year ended 31 March 2022

Notes to the financial statements

Income Donations and legacies Investments Sustainable Communities Other - gift aid receivable from subsidiary Total income Expenditure Expenditure on charitable activities Sustainable Communities Other – support costs Total expenditure Net (outgoing) resources for the year Total funds brought forward at 1 April 2020 Total funds carried forward at 31 March 2021	Unrestricted general funds £ 428,035 607 - 767,937	Restricted funds £ - - 381,721 -	Total 2021 £ 428,035 607 381,721 767,937 1,578,300 (423,673) (670,698) (151,164)
	1,196,579	381,721
	(423,673) - (151,164)	- (670,698) -
	(574,837)	(670,698)	(1,245,535)
	621,742 848,480	(288,977) -	332,765 848,480 1,181,245
	1,470,222	(288,977)

38