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 2022
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 |
| Bevan Powell MBE | |
| Marica Clack | |
| 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 2022, 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:
-
to keep accounting records in accordance with section 130 of the Charity Act 2006; and
-
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
31/12/2022
9
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Restricted Funds Funds Notes 2022 2022 £ £ Incoming resources Incoming Resources from charitable activities Grants receivable 2 26,435 209,175 Incoming Resources from generated funds Voluntary Income Interest income Total Incoming resources available for charitable application 26,435 209,175 Resources Expended Charitable Activities 6 2,314 256,958 Governance Costs Total Resources Expended 2,314 256,958 £ Net Incoming/(outgoing) resources before transfers 24,120 (47,783) Fund balances at 01 April 2021 66,497 28,112 Fund balances at 31 March 2022 90,617 (19,671) |
Total 2022 £ 235,610 0 235,610 259,273 259,273 (23,663) 94,609 70,950 |
Total 2021 £ 336,103 66 |
|---|---|---|
| 336,169 | ||
| 306,547 | ||
| 306,547 | ||
| 29,621 | ||
| 94,609 | ||
| 124,230 |
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 2022
| 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 |
£ - 83,606 |
2022 £ - 70,950 70,950 32,108 38,841 70,950 |
£ - 130,867 |
2021 £ - 94,611 |
|---|---|---|---|---|
| 83,606 12,656 |
130,867 36,255 |
|||
| 28,113 66,497 |
||||
| 94,611 | ||||
| 94,610 |
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 31/03/2022 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 03/01/2023
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 2022
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.
-
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 about their contribution
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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 2022
2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| LBHF Adult Social Care Urban Partnership Group Furlogh Grant -JRS Power to Change Independent Age Consultancy Income 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 2022 2022 2022 2021 £ £ £ £ 187,300 187,300 187,300 - 12,000 - 2,282 - 49,998 - 11,943 3,478 3,478 2,000 - - - - - 7,996 21,875 21,875 16,076 - 25,708 30 30 66 900 900 1,154 - 2,068 22,027 22,027 17,578 |
|---|---|
| 26,435 209,175 235,610 336,169 |
13
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 3 Resources Expensed Wages and Salaries Social Security Costs Pensions 4 Debtors Due within one year Service fees LBHF |
2022 2021 126,166 116,865 4,651 8,901 3,334 3,457 134,151 129,222 2,022 2021 - - - - - - - |
|---|---|
14
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 5 Creditors - Amount falling due within one year: Trade creditors Other creditors Utilities Services- LBHF Trade creditors Spirit Uk Accountancy Fees Accruals Deferred income |
2022 £ 7,729 2,677 1,250 1,000 12,656 |
2021 £ 6,030 18,325 10,000 900 1,000 |
|---|---|---|
| 36,255 |
6 Movements in Funds
| Restricted funds: Urban Partnership Group 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 1.04.2021 - 9,752 17,879 481 28,112 66,497 66,497 94,609 |
Incoming resources Outgoing resources Transfer At 31.03.2022 - - 21,875 31,627 - - 187,300 256,958 (51,779) - - 481 |
|---|---|---|
| 209,175 256,958 (51,779) 32,108 |
||
| 26,435 2,314 51,779 38,841 |
||
| 26,435 2,314 - 70,950 |
||
| 235,610 259,273 - 70,950 |
15
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| INCOMING RESOURCES Unrestricted income LBHF Adult Social Care Rental Income Bank Interest and Investment Donation & Fundraising Furlough- JRS Activities and Service Fees Restricted income Urban Partnership Group Power To Change Independent Age Consutlancy income 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 Service and management fees 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 Refund Bank Charges Trustees & AGM Expenses Donation/Fundraising Independent Examination Fees |
Restricted Unrestricted Total Funds 2022 2022 2022 2021 £ 187,300 187,300 187,300 - 2,068 30 30 66 900 900 1,154 - 2,282 22,027 22,027 17,578 - - 12,000 - 49,998 - 11,943 3,478 3,478 2,000 - - 7,996 21,875 21,875 16,076 - 25,708 |
|---|---|
| 209,175 26,435 235,610 336,169 |
|
| 134,151 134,151 132,780 - - 58 58 712 2,099 2,099 3,350 - 826 19,314 19,314 24,067 9,138 9,138 5,402 - - 2,786 807 807 2,151 - 126 91 91 315 4,346 4,346 27,461 115 115 380 - 2,686 15,480 15,480 16,096 49,866 49,866 17,214 9,657 9,657 58,095 - 5 - 4,500 6,337 6,337 5,192 - - 5,500 5,500 64 64 1,000 1,000 1,054 - - 1,250 1,250 1,350 |
|
| 256,958 2,314 259,273 306,547 |
~~16~~ Surplus/ (Deficit) carried forward (47,783) 24,120 (23,663) 29,622