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2023-03-31-accounts

NILAARI AGENCY FINANCIAL STATEMENTS

31 MARCH 2023

Charity Number 1080555 Company Number 3785177

NILAARI AGENCY

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

CONTENTS PAGE
Legal and administration details of the charity and its
advisors 1
Trustees annual report 2 to 4
Independent Examiner’s report to the Trustees 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 to 15

NILAARI AGENCY

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2023

Trustees/Directors

The directors of the charitable company (“the charity”) are its trustees for the purposes of the charity law and throughout this report are collectively referred to as the trustees.

The Trustees who served during the year and since the year end were as follows:

G Ramsay (Chair) E Wride (Vice Chair) B Martin (Treasurer) L Gordon (resigned 4 April 2022) N Pascal R Veira V Watkis

Registered Office

184 Stapleton Road Easton Bristol BS5 0NZ

Bookkeepers

Mendip Accounting Solution Ltd 187 Mendip Road Yatton Somerset BS49 4ET

Independent Examiner

David Baptiste ACPA Linden Accountants Limited 21 Sevier Street St Werburghs Bristol BS2 9LB

Bankers

Unity Trust Bank PLC Birmingham B1 2HB Charity Registration No. 1080555

Company Registration No. 03785177

- 1 -

NILAARI AGENCY

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Structure, Governance and Management

The company is governed by its memorandum and articles of association, which also dictate the procedures for the appointment of trustees.

Objectives and Activities

Nilaari offers a comprehensive range of services and support to people from Black & Minoritised Communities (BMC). Our unique interventions are culturally responsive, and individually tailored & tackle the entrenched stigma and discrimination experienced by the BMC. Interventions include 1 2 1 Talking Therapies, 1 2 1 Key working, Structured group work programs & Peer support groups

Achievements and Performance

It is a great privilege that I can report, on behalf of the Board, that Nilaari continued to deliver high-quality, needs-led, culturally responsive services throughout the year, and that we have met all our key targets. Although things have been challenging it was important for us to pause, reflect, and celebrate what we have been able to achieve during such unprecedented times and acknowledge our collective strength and resilience.

Our Vision: Black and marginalised people access equitable mental health treatment

During this time like many organisations, we had to pivot and adapt the way we work and refocus our overall offer to funders, partners, and stakeholders. This time provided opportunities as well as challenges and gave us the chance to reflect and shape the overall direction of our organisation. During the past year, we have delivered an increased number of projects and achieved some amazing outcomes that have had a positive impact on the lives of individuals.

Our main focuses are

Our fundraising efforts enabled us to meet the ever-increasing demand for services. For their continued support, we want to thank Lloyds Foundation, Nisbet Trust, Giffgaff, the Integrated Care Board (ICB), Avon & Wiltshire Partnership NHS Trust (AWP), Second Step & the Alliance and Bristol City Council as well as the local firms and individuals for their donations.

Lloyds Foundation once again supplied consultants to support senior management and Board members in reviewing several management organisation policies and procedures.

The charity maintained its reserves within the guidance provided by the Charity Commission and re-engaged the services of Linden Accountants based in St Werburghs Bristol.

- 2 -

NILAARI AGENCY

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

Funding Policies

Restricted funds

This represents resources that have been received and are to be expended solely for particular projects.

Unrestricted funds

This represents resources that have been received which can be spent at the discretion of the directors in furtherance of the agency’s objectives.

During 2022/23 the unrestricted reserves increased by £34,862 and at 31 March 2023 the reserve stood at £539,962.

Reserve policy for the year 2022/23

The board feels that it should hold a prudent hedge against fluctuations in income of the equivalent of six month’s salaries and running costs in liquid assets to meet any unforeseen circumstances, this takes account of good practice guidance provided by the Charity Commission. This currently equates to approximately £201,523. The reserves are made up of:

Fixed assets £388,899 Current assets £403,958 Total £792,857

Responsibilities of the Trustees

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the applicable law, regulations and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

- 3 -

NILAARI AGENCY

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2023

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) issued in July 2014.

Approved by the board of Trustees and signed on their behalf by:

.............................................................................. G Ramsay - Chair

Date: 21[st] December 2023

- 4 -

NILAARI AGENCY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2023 I report on the unaudited accounts for the year endèd 31, March 2023 set out on pages 6 to Resp8ctlve rèsponsibilities of trustses and examiner As the charity's trustees are also its directors for the purposes of company law, you are responsible for the preparation of the accounts in accordan￿ with the Companies Act 2006 I'the 2006 Acl'l Having Satisfied myself that the accounts of Nilaari Agency are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sedion 14515llb) of the 2011 Act. 8asis of Indopendent examinevs report Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the C8rtified Public Accountants Association, which is a listed body. I have completed my examination. I confirm that no matters have come to my attention in ¢onnection with th6 examination giving me cause to believè.. 1. Accounting records were not kept in resp8Ct ofthe Company as required under Se￿lOn 386 of the 2006 Act., or 2. The accounts do not accord with those records,. or 3. The accounts do not comply with the accounting r8quirèmenls under section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of my independent examination., or 4. The accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommend Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 102}. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Baptiste ACPA Linden Accountants, Scrapstore House, 21 Sevier Street, St Werburghs, Bristol, BS2 9LB Date . 2023

NILAARI AGENCY

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 31 MARCH 2023

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
Grants
3
Service level agreements
4
Earned income
5
Other income
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE ON:
Charitable activities
6
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Gains on revaluation of fixed assets
8
Total funds at 1 April
Total funds at 31 March
12		 Unrestricted
Funds
£
8,332
82,250
-
126,474
-
217,056
182,194
182,194
34,862
260,308
497,687
792,857		 Restricted
Funds
£
-
54,828
160,534
-
-
215,362
230,833
230,833
(15,471)
-
15,471
-		 Total Funds
2023
£
8,332
137,078
160,534
126,474
-
432,418
413,027
413,027
19,392
260,308
513,157
792,857		 Total Funds
2022
£
12,382
111,413
194,847
63,126
-
381,769
361,993
361,993
19,776
-
493,382
513,157

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 8 to 15 form part of these financial statements

____________________

6

NILAARI AGENCY

BALANCE SHEET

YEAR ENDED 31 MARCH 2023

Note
FIXED ASSETS:
Tangible assets
8
CURRENT ASSETS:
Debtors
9
Cash at bank and in hand
CURRENT LIABILITIES:
Creditors: falling due within one year
10
Deferred income
NET CURRENT ASSETS:
NET ASSETS:
FUNDS
Unrestricted funds
12
Revaluation reserve
12
Restricted funds
12
Building funds
12		 2023
£
388,899
33,448
394,453
427,901
(23,944)
-
403,958
792,857
539,962
255,102
-
(2,207)
792,857		 2022
£
135,900
68,115
319,428
387,543
(10,286)
-
377,257
513,157
497,687
-
15,471
-
513,157

For the year ending 31st March 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsiblities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the directors and authorised for issue on 21st December 2023

and are signed on their behalf by:

Company Registration Number: 03785177

The notes on pages 8 to 15 form part of these financial statements

____________________

7

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

NILAARI AGENCY

1 ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) issued in July 2014, and applicable UK Accounting Standards and the Charities Act 2011.

Funds structure

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal.

Income

All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of income can be measured with sufficient reliability.

Income from donations is included when these are receivable, except as follows:

i) When the donors specify that the donations given to the charity must be used in future accounting periods; ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Income from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that agree all costs related to the category. Support costs have been allocated 100% towards the charitable activities of the charity.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.

Governance costs

Governance cost include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its independent examination fees and costs linked to the strategic management of the charity including trustee expenses.

Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Corporation tax

As the company is a registered charity no provision is considered necessary for taxation on income that is exempt under Corporation Tax legislation and that is applied to the charitable objects.

____________________

8

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

Tangible fixed assets and depreciation

All items are stated in the accounts under the historical cost accounting rules, with the exception of the revaluation of freehold property.

Depreciation is calculated so as to write off the cost or revalued amounts of the following tangible fixed assets by equal annual instalments over their estimated useful lives at the following rates:

Asset category

Annual rate

Freehold Property 2%

Depreciation is also provided on the reducing balance method to write off other fixed assets over their useful lives at the following rates:

Asset category

Annual rate

Furniture & fittings 25%
Office Equipment 25%

2 DONATIONS AND LEGACIES

Donations - For the benefit of clients Unrestricted
Funds
£
8,332
8,332		 Restricted
Funds
£
-
-		 Total Funds
2023
£
8,332
8,332		 Total Funds
2022
£
12,382
12,382

3 INCOME FROM CHARITABLE ACTIVITIES

GRANTS

Unrestricted
Funds
£
Ageing Better Project
-
Bristol City Council - Advice & Mental Hea
-
Bluebird Trust
-
Bristol City Council - Covid Health & Wellb
-
Bristol Impact Fund - Jabari Project
-
Bristol Impact Fund - Weaver Bird Project
-
ICB Culturally Responsive MH Project
50,000
DMCS - Lloyds Foundation (h)
27,250
Tudor Trust - Yellow Bird
-
WECA Community Support Fund
5,000
82,250		 Restricted
Funds
£
32,875
21,953
-
-
-
-
-
-
-
-
54,828		 Total Funds
2023
£
32,875
21,953
-
-
-
-
50,000
27,250
-
5,000
137,078		 Total Funds
2022
£
-
-
10,000
49,044
10,034
7,335
-
25,000
10,000
-
111,413

____________________

9

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

4 INCOME FROM CHARITABLE ACTIVITIES

SERVICE LEVEL AGREEMENTS

AWP - Funded Placements
Second Steps		 Unrestricted
Funds
£
-
-
-		 Restricted
Funds
£
126,654
33,880
160,534		 Total Funds
2023
£
126,654
33,880
160,534		 Total Funds
2022
£
160,931
33,917
194,847

5 INCOME FROM CHARITABLE ACTIVITIES

EARNED INCOME

Professional services
Provision of training
Room hire		 Unrestricted
Funds
£
116,524
2,130
7,820
126,474		 Restricted
Funds
£
-
-
-
-		 Total Funds
2023
£
116,524
2,130
7,820
126,474		 Total Funds
2022
£
52,474
10,652
-
63,126

____________________

10

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

6 DIRECT CHARITABLE EXPENDITURE

Charitable Activities

Unrestricted
Funds
£
NHS COVID-19 Crisis Response activity
27,529
ICB Culturally Responsive MH Project cos
13,000
Salaries and wages
87,300
Pension costs
6,968
Recruitment costs
-
Staff supervision and training
10,385
Volunteer expenses
1,114
Donations paid to clients
-
Support costs
Premises, rent and utilities
2,120
Bookkeeping
2,791
Repairs & renewals
6,185
Stationery, print, post, IT
5,855
Subscriptions
125
Travel expenses
2,066
Staff entertainment
507
HR Support
-
Legal & professional fees
1,260
Bank Charges
141
Bad debt written off
-
Depreciation
9,981
Sundries
1,060
Insurance
2,366
Governance Costs
1,438
182,194		 Restricted
Funds
£
15,471
-
215,362
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
230,833		 Total Funds
2023
£
43,000
13,000
302,662
6,968
-
10,385
1,114
-
2,120
2,791
6,185
5,855
125
2,066
507
-
1,260
141
-
9,981
1,060
2,366
1,438
413,027		 Total Funds
2022
8,000
-
309,053
6,645
35
11,403
800
240
2,171
2,509
544
7,344
125
1,577
772
-
1,205
161
-
4,798
635
3,181
796
361,993

____________________

11

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

7 STAFF COSTS

STAFF COSTS
The aggregate payroll costs were:
Wages & salaries
Social security costs
Pensions		 2023
£
288,909
13,754
6,968
309,630		 2022
£
292,170
16,883
6,645
315,698

Particulars of employees:

The average number of staff employed by the charity during the financial year amounted to:

Project Staff
Support staff		 2023
No.
18
1
19		 2022
No.
16
1
17

No employee received emoluments of more than £60,000 (2022: Nil)

The average number of full-time equivalent employees during the year was 16 (2022: 16)

No trustee received remuneration, and no trustees reclaimed expenses (2022: Nil).

The charity operates a defined contribution pension scheme. 14 staff are members of the scheme

____________________

12

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

8 TANGIBLE FIXED ASSETS

COST:
At 1 April 2022
Additions
Revaluations
At 31 March 2023
DEPRECIATION:
At 1 April 2022
Charge for the year
At 31 March 2023
NET BOOK VALUE:
At 31 March 2023
At 31 March 2022		 Freehold
Property
£
214,692
-
260,308
475,000
79,990
9,500
89,490
385,510
134,702		 Fixtures &
Fittings
£
-
-
-
-
-
-
-
-
-		 Office
Equipment
£
44,710
2,673
-
47,383
43,512
481
43,993
3,389
1,198		 Totals
£
259,402
2,673
260,308
262,075
123,502
9,981
133,483
388,899
135,900

All assets are used directly for charitable purposes. Freehold property was revalued in 2022 by Hunters Estate Agents Limited on the basis of present condition and usage. The historical cost of the freehold property included in the valuation of £475,000 was £233,288.

9 DEBTORS

Debtors
Prepayments
CREDITORS: amounts falling due within one year
Trade creditors
Accruals
Taxation and social security
Other creditors
Bad debt provision		 2023
£
32,156
1,293
33,448
2023
£
17,890
1,560
3,064
599
831
23,944		 2022
£
66,374
1,741
68,115
2022
£
1,840
780
6,207
628
831
10,286

10 CREDITORS: amounts falling due within one year

____________________

13

NILAARI AGENCY

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets
Current Assets
Current Liabilities
12
TOTAL FUNDS
Analysis of
Balance
Fund movements
b/fwd
£
Unrestricted funds:
General funds
497,687
Revaluation reserve
-
Designated funds
-
Building funds
-
497,687
Restricted funds:
Balance
b/fwd
£
AWP - Funded Placements (a)
-
Second Steps (b)
-
Ageing Better Project (e)
-
Bristol City Council - Advice And Mental H
-
NHS COVID-19 Crisis Response (g)
15,471
15,471
Total
513,157		 Balance
b/fwd
£
497,687
-
-
-		 Unrestricted
Funds
£
388,899
427,901
(23,944)
792,857
Income
£
217,056
260,308
-
-		 Restricted
Funds
£
-
-
-
-
Expenditure
£
(179,987)
-
-
(2,207)		 Total Funds
2023
£
388,899
427,901
(23,944)
792,857
Transfers
Fund
c/fwd
£
£
5,206
539,962
(5,206)
255,102
-
-
-
(2,207)
497,687 477,364 (182,194) -
792,857
Income
£
126,654
33,880
32,875
21,953
-		 Expenditure
£
(126,654)
(33,880)
(32,875)
(21,953)
(15,471)		 Transfers
Fund
c/fwd
£
£
-
-
-
-
-
-
-
-
-
-
15,471 215,362 (230,833) -
-
513,157 692,726 (413,027) -
792,857

(a) Bristol Mental Health - Overseen by the Bristol Clinical Commissioning Group and led by Avon & Wiltshire Mental Health Partnership NHS Trust, Nilaari along with several other public and voluntary sectors mental health service providers, employ three Recovery Navigators, in three geographic assessment and recovery teams across the city. These teams provide local psychosocial interventions, focusing on supporting individuals to build resilience and improve wellbeing.

____________________

14

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

NILAARI AGENCY

12 TOTAL FUNDS (Continued)

(b) Golden Key Program - In partnership with Second Step, we have been working with the Independent Futures advisory group (IF Group): people with personal experience of prison, homelessness, long-term mental health problems and drug and alcohol dependency. The IF group’s vision, ideas and feedback have guided the project from design and delivery to review. We have worked to enable clients who are struggling and feel locked out of services to find new ways to get the help they need to build on their strengths, pursue their hopes and change their lives.

(c) NHS COVID-19 Crisis Response - Through BNSSG’s COVID-19 Business Case, funding has been identified (£50,000) to increase the provision of culturally informed and BAME-led mental health services for people across BNSSG. Funding is allocated to lead partner Nilaari and the funds then divided equally with partners Bristol Black Carers and the Somali Resource Centre.

(d) Lloyds Foundation - Two-year grant of £50,000 from Lloyds Bank Foundation to support the charity to respond to the needs of the most vulnerable and marginalised people affected by the COVID-19 crisis.

(e) Ageing Better Project - Through Healthier Together’s Ageing Well fund, Age UK Bristol works in partnership with Nilaari, to deliver group well-being sessions to Minoritised community groups in Bristol and South Gloucestershire. The Wazee Wellbeing project, Wazee meaning ‘Elders’ in Swahili, runs culturally sensitive sessions tailored to meet the needs of individual groups. A variety of topics are covered, including managing anxiety, self-care, sleep hygiene, coping with loss, and advice on how to stay well.

(f) Bristol City Council - Advice & Mental Health Project - Advice and Mental Health Project aims to increase community mental health support for Black, Asian, and Minoritised Ethnic people experiencing financial issues and poor mental health

____________________

15