2024-03-31-accounts

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 2024

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
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 2024, 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

(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

9

NUBIAN LIFE RESOURCE CENTRE LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Funds Funds Notes 2024 2024 £ £ Incoming resources Incoming Resources from charitable activities Grants receivable 2 28,752 334,828 Incoming Resources from generated funds Voluntary Income Interest income Total Incoming resources available for charitable application 28,752 334,828 Resources Expended Charitable Activities 6 6,595 269,487 Governance Costs Total Resources Expended 6,595 269,487 Net Incoming/(outgoing) resources before transfers 22,157 65,341 Fund balances at 01 April 2023 90,617 (19,671) Fund balances at 31 March 2024 112,774 45,670	Total 2024 £ 363,580 - 363,580 276,082 276,082 87,498 70,950 158,448	Total 2023 £ 235,132 -
		235,132
		275,168
		275,168
		(40,036)
		70,950
		70,950

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 2024

----- Start of picture text -----
|||||| |---|---|---|---|---| |Note|2024|2023| |FIXED ASSTS|£|£|£|£| |-|-| |Tangible assets| |Current Assets| |Debtors|4|10,000|-| |Cash at bank and in hand|166,740|49,293| |176,740|49,293| |Current liabilities| |Amount falling due within one year|5|18,292|18,379| |Net current assets|158,448|30,914| |Total assets less current liabilities|158,448|30,914| |Funds| |Restricted Fund|96,968|17,897| |Unrestricted Fund|6|61,479|13,016| |Total Funds|158,448|30,914|

----- End of picture text -----

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 31/03/2024 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 19/12/2024 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 2024

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.

• 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

• 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.

• 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.

• 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 ac

• 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 2024

2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

	**Unrestricted **	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2024	2024	2024	2023
	£	£	£	£
LBHF Adult Social Care		285,665	285,665	187,300
RBKC - Clients Affairs		3,672	3,672	-
University of West London Partnership Independent Age Consultancy Income 2,290 Fulham Good Neighbours Sobus 5,300		16,741 28,751	16,741 - 2,290 28,751 5,300	1,907 - 318 15,000 3,000
Bank interest and Investment	844		844	972
Donations	-		-	2,345
Rental Income	925		925	-
Activities and Service Fees	19,393		19,393	24,289
	~~28,752~~	~~334,828~~	~~363,580~~	~~235,132~~

13

NUBIAN LIFE RESOURCE CENTRE LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Resources Expensed Wages and Salaries HMRC Costs Pensions 4 Debtors Due within one year Service fees LBHF	2024 121,390 8,847 3,158 133,396 2,024 - - 10,000 10,000	2023 117,049 3,919 3,158
		124,126
		2023 - - -
		-

14

NUBIAN LIFE RESOURCE CENTRE LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Creditors - Amount falling due within one year: Trade creditors Utilities Services- LBHF SpirIT UK LBHF- Rent Accountancy Fees Accruals Deferred income	2023 £ - 16,042 - 1,250 1,000 18,292	2022 £ 7,729 2,677 1,250 1,000
		12,656

6 Movements in Funds Restricted funds: RBKC - Clients Affairs University Of West London Partnership Fulham Good Neighbours Day Opportunities- LBHF ASC Power to Change Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds Total Funds	At 1.04.2023 - 31,627 - 481 32,108 38,841 38,841 70,950	Incoming resources Outgoing resources Transfer At 31.03.2024 3,672 3,672 16,741 3,813 12,927 28,751 8,822 51,556 285,665 256,852 28,813 (481) -
		334,828 269,487 (481) 96,968
		28,752 6,595 481 61,479
		28,752 6,595 - 158,448
		363,580 276,082 - 158,448

15

NUBIAN LIFE RESOURCE CENTRE LIMITED

(A Company Limited by Guarantee)

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

INCOMING RESOURCES LBHF Adult Social Care Rental Income Bank Interest and Investment Donation & Fundraising Service Fees RBKC -Clients Affairs University of West London Partnership Consutlancy Income Fulham Good Neighbours Sobus Total income RESOURCES EXPENDED Employment Costs Temporary Staff and Recruritment Staff Costs Office Costs Insurance & Legal fees Staff Training Business Rates & Rent Utilities House Keeping Refuse, cleaning and repairs Small Equipment & Computer costs Telephone, Internet & IT Photocopying, Stationery & Postage Storage Catering Transport Clients Activities Subscritption & advertising Consutlancy and Management HR- Legal fees Trustees & AGM Expenses	Restricted Unrestricte 2024 2024 285,665 925 844 - 19,393 3,672 16,741 2,290 28,751 5,300
	340,128 23,452
	133,396 192 400 2,454 1,655 23,044 16,042 1,509 1,749 3,215 938 255 11,974 66,814 9,426 5 837 827

16

Independent Examination Fees 1,350 Total expenditure 273,905 2,177 Surplus/ (Deficit) carried forward 66,223 21,275

16

Total Funds
2024	2023
	£
285,665	187,300
925	-
844	972
-	2,345
19,393	24,289
3,672	-
16,741	1,907
2,290	318
28,751	15,000
5,300	3,000
363,580	235,132

133,396	124,126
-	1
192	-
400	-
2,454	2,683
1,655	786
23,044	39,821
16,042	7,879
1,509	-
1,749	1,838
-	-
3,215	2,821
938	539
255	2,470
11,974	16,595
66,814	64,301
9,426	7,385
5	-
837	1,150
-	888
827	538

16

1,350	1,350
276,082	275,168
87,498	(40,036)

16