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REGISTERED NUMBER: 03691518 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

FORGE COMMUNITY PARTNERSHIP

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORGE COMMUNITY PARTNERSHIP

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023







DIRECTORS: Michael Sanderson
Robin Franklin
Helen Reckless
Paul Reckless
Peter Clarney
Tim Shepherd



SECRETARY: Neil Spencer



REGISTERED OFFICE: 30 A Hoyland Road
Hoyland
Barnsley
South Yorkshire
S74 0PB



REGISTERED NUMBER: 03691518 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Barclays Bank Plc
10 - 18 Queen Street
Barnsley
South Yorkshire
S70 2AJ

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

BALANCE SHEET
30 MARCH 2023

30.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,362 18,940
Investments 5 2 2
15,364 18,942

CURRENT ASSETS
Debtors 6 28,386 26,835
Cash at bank 456,421 436,125
484,807 462,960
CREDITORS
Amounts falling due within one year 7 284,127 177,013
NET CURRENT ASSETS 200,680 285,947
TOTAL ASSETS LESS CURRENT LIABILITIES 216,044 304,889

PENSION LIABILITY - (515,000 )
NET ASSETS/(LIABILITIES) 216,044 (210,111 )

RESERVES
Retained earnings 216,044 (210,111 )
216,044 (210,111 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

BALANCE SHEET - continued
30 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





Robin Franklin - Director


FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

1. STATUTORY INFORMATION

Forge Community Partnership is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company has availed itself on Paragraph 3 (3) of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of its activities.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Forge Community Partnership as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No adjustments have been made in the process of applying the below accounting policies that have had the most significant effect on the amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at fair value of the consideration received or receivable.

Management fees
Management fees are included in incoming resources in the period to which they relate.

Grants receivable
Income from grants, including capital grants, is included in incoming resources when these are receivable and allocated appropriately between unrestricted and restricted income depending upon restrictions imposed.

Interest receivable
Interest is included when receivable by the company.

Rental income
Income from rents is included in incoming resources in the period to which it relates.

Revenue Grants
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - over the unexpired lease term
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Furniture & equipment - 10% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation.

Cost includes all costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost.








.

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The company operated a defined benefit plan for the benefits of its employees. No assets or liabilities have been recognised in the financial statements at 31 March 2023.. In January 2023 the company was informed that exit liabilities of the scheme would be subsumed by BMBC and the company has no further obligations to pay contributions to the fund in respect of its former employees.

Historically, the net change in the net defined benefit liability was recognised as the cost of the defined benefit plan during the period. Pension plan assets were measured at fair value and the defined benefit obligation was measured on an actuarial basis using the projected unit method.

Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds are unrestricted funds earmarked by the management committee for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income and gains are allocated to the appropriate fund.

Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 5 ) .

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Furniture
property fittings vehicles & equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 30 March 2023 37,163 42,009 13,295 21,997 114,464
DEPRECIATION
At 1 April 2022 24,236 42,009 8,855 20,424 95,524
Charge for period 2,020 - 1,110 448 3,578
At 30 March 2023 26,256 42,009 9,965 20,872 99,102
NET BOOK VALUE
At 30 March 2023 10,907 - 3,330 1,125 15,362
At 31 March 2022 12,927 - 4,440 1,573 18,940

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 April 2022
and 30 March 2023 2
NET BOOK VALUE
At 30 March 2023 2
At 31 March 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Other debtors 28,386 23,178
Prepayments and accrued income - 3,657
28,386 26,835

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Trade creditors - 456
Other creditors 321 5,233
Accruals and deferred income 283,806 171,324
284,127 177,013

8. RELATED PARTY DISCLOSURES

Entities over which the company has control, joint control or significant influence

31.3.23 31.3.22
£ £
Management charge income received 5,000 11,800
Amounts due to related parties - 2,049
Amounts due from related parties 28,385 23,178
Donations made to related parties 5,000 -


Other related parties

31.3.23 31.3.22
£ £
Management charge income received - 3,000
Donations made to related parties - 16,000
Amounts due to related parties - 2,833

9. POST BALANCE SHEET EVENTS

In January 2024 the company was informed of the results of a cessation valuation that had been undertaken for its share of the defined benefit pension scheme. At the cessation date, the valuation of the share of assets was less than the share of liabilities.

As BMBC acts as guarantor for the employer, the exit liabilities will be subsumed by BMBC. The company has no further obligations to pay contributions to the fund in respect of its former pension obligations.

As such, no assets or liabilities in respect of the pension scheme have been recognised in the 31 March 2023 balance sheet.

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

10. RESERVES

Included within reserves are the following fund balances:


2023 2022
£    £   
General funds 15,629 102,174
Designated funds 200,415 202,435
Restricted funds - 280
Pension reserve funds - (515,000 )
216,044 (210,111 )

FORGE COMMUNITY PARTNERSHIP (REGISTERED NUMBER: 03691518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

11. SUMMARY OF RESTRICTED AND DESIGNATED FUNDS

Included within reserves are the following restricted amounts:

1 Apr 22 Income Expenditure Transfers 31 Mar 23
£ £ £ £ £
BMBC Grant - Mower 280 - (280 ) - -
Total restricted funds 280 - (280 ) - -

These funds are used in accordance with the terms of application and terms imposed by the donor.

The BMBC Grant for the Mower relates to monies received to purchase a mower for use by the company. Yearly expenditure relates to the depreciation of the capital item.

Included in reserves are the following designated amounts:

1 Apr 22 Income Expenditure Transfers 31 Mar 23
£ £ £ £ £
Leasehold property 12,927 - (2,020 ) - 10,907
Redundancy reserve 124,508 - - - 124,508
Contingency reserve 65,000 - - - 65,000
Total designated
funds

202,435

-

(2,020

)

-

200,415

The property designated fund relates to grant monies received for the purchase of leasehold property and the yearly expenditure relates to depreciation of capital items.

The Directors have set aside reserves held by the company to cover all staff redundancy costs, calculated to be in the region of £124,508 should the liability arise. This includes all aspects of the Forge employees regardless of the projects they are employed to work on.

The Directors have set aside a separate contingency fund to cover unexpected costs that may arise to enable the company to continue to deliver activities in the short term.