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 2025
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 2025, 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:
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(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
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9
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted Funds Funds Notes 2025 2025 £ £ Incoming resources Incoming Resources from charitable activities Grants receivable 2 40,864 200,250 Incoming Resources from generated funds Voluntary Income Interest income Total Incoming resources available for charitable application 40,864 200,250 Resources Expended Charitable Activities 6 43,791 185,612 Governance Costs Total Resources Expended 43,791 185,612 Net Incoming/(outgoing) resources before transfers 2,927 - 14,638 Fund balances at 01 April 2024 61,479 96,968 Fund balances at 31 March 2025 58,552 111,606 |
Total 2025 £ 241,114 - 241,114 229,403 229,403 11,711 158,448 170,159 |
Total 2024 £ 363,580 - |
|---|---|---|
| 363,580 | ||
| 276,082 | ||
| 276,082 | ||
| 87,498 | ||
| 158,448 | ||
| 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 2025
| Note | 2025 | 2024 | |||
|---|---|---|---|---|---|
| FIXED ASSTS | £ | £ | £ | £ | |
| Tangible assets | - | - | |||
| Current Assets | |||||
| Debtors | 4 | 11,247 | 10,000 | ||
| Cash at bank and in hand | 175,138 | 166,740 | |||
| 186,385 | 176,740 | ||||
| Current liabilities | |||||
| Amount falling due within one year | 5 | 16,226 | 18,292 | ||
| Net current assets | 170,159 | 158,448 | |||
| Total assets less current liabilities | 170,159 | 158,448 | |||
| Funds | |||||
| Restricted Fund | 111,606 | 96,968 | |||
| Unrestricted Fund | 6 | 58,552 | 61,479 | ||
| Total Funds | 170,159 | 158,448 |
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 31/03/2025 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 29/01/2026
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 2025
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 about
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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 activ
- 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 2025
2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| **Unrestricted ** | **Unrestricted ** | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| LBHF Adult Social Care RBKC - Clients Affairs University of West London Partnership Consultancy Income Fulham Good Neighbours Sobus Bank interest and Investment |
800 716 |
215,474 4,416 - 3,360 |
215,474 4,416 - 800 3,360 - 716 |
285,665 3,672 16,741 2,290 28,751 5,300 844 |
|
| Donations | - | - | |||
| Rental Income | - | - | 925 | ||
| Activities and Service Fees | 16,348 | 16,348 | 19,393 | ||
| ~~17,864~~ | ~~223,250~~ | ~~241,114~~ | ~~363,580~~ |
13
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 3 Resources Expensed Wages and Salaries HMRC Costs Pensions 4 Debtors Due within one year Service fees LBHF |
2025 118,769 8,157 2,844 129,770 2,025 - 1,247 10,000 11,247 |
2024 121,390 8,847 3,158 |
|---|---|---|
| 133,396 | ||
| 2024 - - 10,000 |
||
| 10,000 |
14
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 5 Creditors - Amount falling due within one year: Trade creditors Utilities Services- LBHF SpirIT UK LBHF- Rent Accountancy Fees Accruals Deferred income 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 1.04.2024 3,672.00 12,927 51,556 28,813 - 96,968 61,479 61,479 158,448 |
2025 £ - 14,976 - 1,250 - 16,226 Incoming resources Outgoing resources 4,416 4,839 - 805 3,360 215,474 179,968 |
2024 £ 16,042 - 1,250 1,000 18,292 Transfer At 31.03.2025 3,249 12,122 54,916 (23,000) 41,319 - - |
|---|---|---|---|
| 223,250 185,612 |
(23,000) 111,606 |
||
| 17,864 43,791 |
23,000 58,552 |
||
| 17,864 43,791 |
- 170,159 |
||
| 241,114 229,403 |
- 170,159 |
15
NUBIAN LIFE RESOURCE CENTRE LIMITED
(A Company Limited by Guarantee)
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| 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 Independent Examination Fees Total expenditure Surplus/ (Deficit) carried forward |
Restricted UnrestricteTotal Funds 2025 2025 2025 2024 £ 215,474 215,474 285,665 - - 925 716 716 844 - - - 16,348 16,348 19,393 4,416 4,416 3,672 - - 16,741 800 800 2,290 3,360 3,360 28,751 - - 5,300 |
|---|---|
| 223,250 17,864 241,114 363,580 |
|
| 129,770 129,770 133,396 - - 551 551 192 385 385 400 2,620 2,620 2,454 216 216 1,655 15,921 15,921 23,044 14,976 14,976 16,042 639 639 1,509 2,212 2,212 1,749 - - 2,465 2,465 3,215 392 392 938 - 255 8,405 8,405 11,974 46,875 46,875 66,814 3,370 3,370 9,426 184 184 5 - 837 - - 423 423 827 - 1,350 |
|
| 228,980 423 229,403 276,082 |
|
| (5,730) 17,441 11,711 87,498 |
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