**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: - (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 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. - **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 - **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 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**| 16