NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Registration Number:
12879742 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

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 2024 to 31 December 2024

M Lawson
R Dewing
H Smith
J Thurgood
N Jenkins


The director shown below has held office during the period of
1 January 2024 to 11 June 2024

D Lawrence


The director shown below has held office during the period of
11 June 2024 to 31 December 2024

D Pestell


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
1 April 2025

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 2024

2024 2023


£

£
Turnover: 64,641 46,861
Cost of sales: ( 60,214 ) ( 33,541 )
Gross profit(or loss): 4,427 13,320
Administrative expenses: ( 16,697 ) ( 12,321 )
Operating profit(or loss): (12,270) 999
Interest receivable and similar income: 250 0
Interest payable and similar charges: ( 1,191 ) ( 1,156 )
Profit(or loss) before tax: (13,211) (157)
Profit(or loss) for the financial year: (13,211) (157)

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,878 50
Cash at bank and in hand: 12,863 24,251
Total current assets: 16,741 24,301
Creditors: amounts falling due within one year: 4 ( 12,956 ) ( 7,305 )
Net current assets (liabilities): 3,785 16,996
Total assets less current liabilities: 3,785 16,996
Total net assets (liabilities): 3,785 16,996
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 3,635 16,846
Total Shareholders' funds: 3,785 16,996

The notes form part of these financial statements

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2024 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 1 April 2025
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 2024

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    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 2024

3. Debtors

2024 2023
£ £
Trade debtors 2,650 50
Prepayments and accrued income 1,228 0
Total 3,878 50

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 12,956 7,305
Total 12,956 7,305

COMMUNITY INTEREST ANNUAL REPORT

NEW FOREST BUSINESS PARTNERSHIP COMMUNITY INTEREST COMPANY

Company Number: 12879742 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

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 2024, 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 2024 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 2024 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 (2023- two) provided discounted services from their companies to NFBP, relating to awards and event management, marketing, and communications totalling £26,404 (2023 £12,198). 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
1 April 2025

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