NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Registration Number:
12879742 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

We are a not-for-profit organisation supporting local businesses and growing the New Forest economy.We bring local businesses together. We host many opportunities throughout the year to help local businesses stay informed and competitive, leading to useful connections and contacts, sharing of ideas, collaboration on projects and opportunities for new business.We host knowledge sharing events to help businesses to grow. Our business support programme helps local businesses to stay informed and competitive. We invite experts in a wide range of topics to share their knowledge.We have a dynamic Board of Directors and Advisory Group who lobby on important issues for local business. Our Advisory Group is made up of representatives from many business sectors. Together we deliver the local economic development strategy and grow the New Forest economy.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

M Lawson
R Dewing
D Lawrence
H Smith
J Thurgood


The director shown below has held office during the period of
1 January 2023 to 18 July 2023

J Willis


The director shown below has held office during the period of
30 August 2023 to 31 December 2023

N Jenkins


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 March 2024

And signed on behalf of the board by:
Name: M Lawson
Status: Director

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 46,861 59,635
Cost of sales: ( 33,541 ) ( 23,938 )
Gross profit(or loss): 13,320 35,697
Administrative expenses: ( 13,477 ) ( 19,431 )
Operating profit(or loss): (157) 16,266
Profit(or loss) before tax: (157) 16,266
Profit(or loss) for the financial year: (157) 16,266

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 50 1,000
Cash at bank and in hand: 24,251 33,384
Total current assets: 24,301 34,384
Creditors: amounts falling due within one year: 4 ( 7,305 ) ( 17,231 )
Net current assets (liabilities): 16,996 17,153
Total assets less current liabilities: 16,996 17,153
Total net assets (liabilities): 16,996 17,153
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 16,846 17,003
Total Shareholders' funds: 16,996 17,153

The notes form part of these financial statements

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 March 2024
and signed on behalf of the board by:

Name: M Lawson
Status: Director

The notes form part of these financial statements

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 50 1,000
Total 50 1,000

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,807
Taxation and social security 3,160
Accruals and deferred income 750 2,234
Other creditors 6,555 7,030
Total 7,305 17,231

COMMUNITY INTEREST ANNUAL REPORT

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Number: 12879742 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACTIn the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. The New Forest Business Partnership (NFBP) is the definitive business forum for the New Forest, representing all local businesses and working in partnership with our local authorities, to provide benefit to the New Forest business community, including all businesses registered within the New Forest.NFBP’s activities during the financial year relate to our aim, which is to grow the New Forest economy, and our objectives: to represent and be the voice of the local business community; to support and connect local businesses and facilitate their growth; and to partner with local authorities and other stakeholders to grow the local economy.During 2023, NFBP responded to the needs of the local business community by providing business support programmes, including online and in person training, events and awards for local businesses, which opened up new opportunities to develop supply chains and access best practice, and by keeping local businesses updated on grant funding, education, local issues and other opportunities.NFBP benefitted the community of New Forest businesses by increasingly bringing together local businesses with each other and with our local authorities post-pandemic in a spirit of mutual support and cooperation and by enabling communication and sharing of issues and concerns with each other, not least through the weekly online New Forest Business Support Hour and the resumption of regular in person events, including our annual Brilliance in Business Awards ceremony in December 2023 to celebrate the achievements of the local business community. NFBP’s communications, including weekly email and social media channels, have also benefitted the local business community by sharing news and issues, as well as promoting local businesses to each other within the local economy.

Consultation with stakeholders

Consultation with NFBP’s stakeholders is fundamental to the purpose of the CIC as a business partnership, supporting local businesses and growing the local economy. The CIC’s stakeholders are our members (local businesses) and partner organisations (including local authorities and sector support groups).NFBP engages with our stakeholders through weekly business support events and activities as well as our twice-weekly email communications and through our social media channels. We engage with our partner organisations on a regular basis through meetings and also our bi-monthly Advisory Group meetings, which bring together business members and our local authorities and partner organisations to discuss issues of economic concern and how we can grow the local economy.NFBP’s Directors met monthly in 2023 and took note of advice and feedback from our members after each event, in response to email and social media communications and on our weekly business support hour, which informs our business support activities and planning – as well as to improve the quality of the business support services we offer.

Directors' remuneration

Two Directors that served during the year (2022- two) provided discounted services from their companies to NFBP, relating to awards and event management, marketing, and communications totalling £12,198 (2022 £13,526). There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for any director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 March 2024

And signed on behalf of the board by:
Name: M Lawson
Status: Director