People Purpose Passion
Registered Charity Number - 1059460 Company Number - 03227383
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
NUBIAN LIFE RESOURCE CENTRE LIMITED
( A Company Limited by Guarantee )
Contents
| Pages | |
|---|---|
| Legal & Administrative Information | |
| Trustees Report | 1-8 |
| Independent Examiner’s Report | 9 |
| Statements of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12-16 |
| The following page does not form part of the | |
| Statutory Accounts | |
| Detailed Income and Expenditure Account |
NUBIAN LIFE RESOURCE CENTRE LIMITED
( A Company Limited by Guarantee )
COMPANY INFORMATION
| Company Number | 3227383 |
|---|---|
| Registered Charity Number | 1059460 |
| Trustees | Sonia Stewart - Chair |
| Karlene Stewart - Treasurer | |
| Marica Clack | |
| Bevan Powell MBE | |
| Board Advisor | David Mark MBE |
| Company Secretary | Jazz Browne |
| Registered Office | 50 Ellerslie Road |
| London | |
| W12 7BW | |
| Bankers | |
| Lloyds Bank | |
| 21-25 King Street | |
| Hammwrsmith | |
| London , W6 9HW | |
| Governing Documents | Memorandum and Articles of Association |
NUBIAN LIFE RESOURCE CENTRE LIMITED
( A Company Limited by Guarantee )
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF NUBIAN LIFE RESOURCE CENTRE
I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 10-16
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
For the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. The Charity gross income exceeded £250,000 and I'm qualified to undertake the examination by being qualified member of Institute of Financial Accountants
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charity Act 2006; and
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to prepare accounts which accord with the accounting records and to comply with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Anwar Jorgis- AFA-AAIA-- MIPA-ACIPP Jorgis Accountants Ltd 3 Cressage Close Southall Middlesex UB1 2XP
31/12/2021
9
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted Funds Funds Notes 2021 2021 £ £ Incoming resources Incoming Resources from charitable activities Grants receivable 2 22,977 313,022 Incoming Resources from generated funds Voluntary Income Interest income 12 Total Incoming resources available for charitable application 22,989 313,022 Resources Expended Charitable Activities 6 (1,291) 301,977 Governance Costs Total Resources Expended -1,291 301,977 £ Net Incoming/(outgoing) resources before transfers 24,280 11,045 Fund balances at 01 April 2020 141,230 Fund balances at 31 March 2021 165,510 11,045 |
Total 20121 £ 335,999 12 336,011 300,685 300,685 35,325 141,230 176,555 |
Total 2020 £ 286,308 290 |
|---|---|---|
| 286,598 | ||
| 299,508 | ||
| 299,508 | ||
| (12,911) | ||
| 141,230 | ||
| 128,320 |
All recognised gain and loss are included in the Statement of Financial Activities. All transaction are derived from continuing activities
The notes on page 12-16 form part of the Financial Statements
10
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
BALANCE SHEET
AS AT 31 MARCH 2021
| Note FIXED ASSTS Tangible assets Current Assets Debtors 4 Cash at bank and in hand Current liabilities Amount falling due within one year 5 Net current assets Total assets less current liabilities Funds Restricted Fund Unrestricted Fund 6 Total Funds |
£ 80,385 132,427 |
2021 £ - 176,557 176,555 17,041 159,514 176,555 |
£ 52,615 96,232 |
2020 £ - 141,230 |
|---|---|---|---|---|
| 212,812 36,255 |
148,847 7,616 |
|||
| 5,996 135,234 |
||||
| 141,230 | ||||
| 141,230 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) For the period ended 31/03/2019 the company was entitled to exemption under section 477 of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with the section 476 of the Act. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of financial year and of its profit or loss for the financial year in accordance with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
The Notes on page 12-16 form part of the Financial Statements.
Approved by the Board on 31/12/2021
Sonia Stewart Chair
Registered Company Number - 03227383
11
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
Notes to the financial statements For the year ended 31 March 2021
1 Accounting policies
- a) The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.
The financial statements have been prepared in accordance with Accounting and Reporting by The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
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b) In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required. The transition date was 1 April 2014. No restatements were required.
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c) Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information
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d) Grants are recognised in full in the statement of financial activities in the period in which they are received or receivable whichever is earlier. Grants received which are clearly specified for a future accounting period are shown as deferred.
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e) Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation of fixed assets purchased with such grants is charged against the restricted fund. Where a fixed asset is donated to the charity for its own use, it is treated in a similar way to a restricted grant.
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f) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.
- g) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life. The depreciation rates in use are as follows:
Computer equipment 33.33% (straight line) Fixtures, fittings and equipment 20% (straight line)
Items of equipment are capitalised where the purchase price exceeds £750. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.
12
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| LBHF Adult Social Care Urban Partnership Group Power to Change Indepentage Cardiff University Hammersmith United Charity Rafiki W12 Together National Lottery Community Fund Race Equaltiy Foundation Bank interest and Investment Donations Rental Income Activities and Service Fees |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 187,300 187,300 216,981 12,000 12,000 - 49,998 49,998 11,943 11,943 2,000 2,000 - - 7,996 7,996 16,076 16,076 16,076 25,708 25,708 12 12 290 1,454 1,454 784 2,068 2,068 - 19,455 19,455 52,466 |
|---|---|
| 22,989 313,022 336,011 286,599 |
13
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 3 Resources Expensed Wages and Salaries Social Security Costs Pensions 4 Debtors Due within one year Service fees LBHF |
2021 136,990 8,901 3,457 149,347 2,021 - 5,000 75,385 80,385 |
2020 154,647 7,186 3,176 |
|---|---|---|
| 165,009 | ||
| 2021 - 509 52,106 |
||
| 52,615 |
14
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 5 Creditors - Amount falling due within one year: Utilities Services- LBHF Trade creditors Spirit Uk Accountancy Fees Accruals |
2021 £ 6,030 18,325 10,000 900 1,000 36,255 |
2020 £ 5,716 900 1,000 |
|---|---|---|
| 7,616 |
6 Movements in Funds
| Restricted funds: Urban Partnership Group Cardiff University National Lottery Community Fund Rafiki -W12 Together Day Opportunities- LBHF ASC Race Equality Foundation Independent Age Power to Change Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds Total Funds |
At 1.04.2020 - 5,996 - 5,996 135,234 135,234 141,230 |
Incoming resources Outgoing resources Transfer At 31.03.2021 12,000 12,001 (1) 2,000 - 2,000 16,076 12,196 9,876 7,996 7,996 - 187,300 182,821 4,479 25,708 25,708 - 11,943 11,943 49,998 49,310 - 688 |
|---|---|---|
| 313,022 301,977 - 17,041 |
||
| 22,989 (1,291) - 159,514 |
||
| 22,989 (1,291) - 176,555 |
||
| 336,011 300,685 - 176,555 |
15
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| INCOMING RESOURCES Unrestricted income LBHF Adult Social Care Rental Income Bank Interest and Investment Donation & Fundraising Activities and Service Fees Restricted income Urban Partnership Group Power To Change Independent Age Cardiff University W12 Together National Lottery Community Fund Race Equality Foundation Total income RESOURCES EXPENDED Employment Costs Staff Costs Office Costs Insurance & Legal fees Staff Training Business Rates & Rent Utilities Refuse, cleaning and repairs Small Equipment & Computer costs Travel and Subsistance Telephone, Internet & IT Photocopying, Stationery & Postage Storage Catering Transport Clients Activities Subscritption & advertising Consutlancy and Management HR- Legal fees Volunteers Costs Bank Charges Trustees & AGM Expenses Donation/Fundraising Independent Examination Fees Surplus/ (Deficit) carried forward |
Restricted Unrestricted Total Funds 2021 2021 2021 2020 £ 187,300 187,300 216,981 2,068 2,068 - 12 12 290 1,454 1,454 784 19,455 19,455 52,466 - 12,000 12,000 - 49,998 49,998 11,943 11,943 2,000 2,000 7,996 7,996 16,076 16,076 16,076 25,708 25,708 |
|---|---|
| 125,722 210,289 336,011 286,599 |
|
| 149,347 149,347 165,009 - - 624 624 109 2,025 2,025 3,594 826 826 - 6,180 6,180 30,721 5,716 5,716 5,716 2,239 2,239 1,791 126 126 - - 364 19,634 19,634 5,536 365 365 373 2,686 2,686 2,705 16,100 16,100 20,955 16,161 16,161 45,200 67,555 67,555 6,041 5 5 720 4,500 4,500 3,900 5,192 5,192 5,400 - - 1 1 54 54 115 - - 1350 1,350 1,260 |
|
| 300,684 1 300,685 299,508 |
|
| 174,963 - 210,288 35,325 (12,909) |
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