NILAARI AGENCY FINANCIAL STATEMENTS 31 MARCH 2024 Charlty Number 1080555 Company Number 3785177
NILAARI AGENCY FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Legal and administration details of the charity and its advisors Trustees annual report 2to4 Independent Examinerfs report to the Trustees Statement of financial activities Balance sheet Notes to the financial statements 8t015
NILAARI AGENCY LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 TrusteeslDirectors The directors of the charitable company {he chariv) 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 (resigned April 2023) N Pascal R Veira V Watkis K Ujah (Treasurer) O'oined May 2023) Reglstered Offlce 184 Stapleton Road Easton Bristol BS5 ONZ 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 B12HB Charity Registration No. 1080555 Company Registratlon No. 03785177
NILAARI AGENCY TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Structure Governance and Mana ement The company is govemed by its memorandum and articles of association, which also dictate the procedures for the appointment of trustees. Ob"ectives and Activities At Nilaari, our policy of treating everyone who walks through our doors including staff, volunteers, visitors, and clients with dignity and respect ensures that we engage with people as human beings capable of healing, rather than merely as problems to be solved. We offer more than just talking therapies, signposting, or group work; our approach is marked by patience, continuity, and genuine warmth. This embrace goes beyond conventional service provision, addressing the gaps through which so many of our clients have fallen. Our mission is to fulfill our clients, hopes for a more sustainable future built on self-help and resilience. Our success lies in our ability to evolve continually in response to client needs and changes in health and social care policy. As an agency, we do not merely adapt to change - we embrace it, ensuring our long-term survival and meeting the expectations of those v serve. The diversity of our team empowers us to effectively connect with individuals often labeled as 'hard to reach., This inclusivty strengthens our ability to build trust, foster meaningful connections, and create lasting positive outcomes for our clients and our community. Achlevements and Perfom)an Nilaari continued to deliver high-quality, needs-led, culturally responsive services throughout the year, successfully meeting all key targets. Despite the challenges faced, it was important for us to pause, reflect, and lebrate our achievements during such unprecedented times, acknowledging our collective strength and resilience. Our Vision: Black and marginalised people access equitable mental health treatment. During this period, like many organisations, we had to pivot and adapt our working methods. refocusing our overall offer to funders, partners, and stakeholders. This period brought both opportunities and challenges, giving us the Chan to reflect and shape the strategic direction of our organisation. Over the past year, we have delivered an increased number of projects and achieved remarkable outcomes that have positively impacted indtviduals, lives. Our Main Focus Areas: Delivery of quality. culturally appropriate, and safe services Ensuring adequate resources to operate effectively Maintaining Complian with all regulations Collaborating with key partners to deliver impactful services Sustaining organisational efficiency and effectiveness Supporting and developing our staff Our fundraising efforts have been instrumental in meeting the ever-growing demand for services. We extend our gratitude to Lloyds Foundation, the Integrated Care Board (ICB), Avon & Wiltshire Partnership NHS Trust (AWP). Second Step & the Allian, Bristol City Council, and the many local fimis and individuals who generously contributed. The Lloyds
NILAARI AGENCY TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Foundation once again provided consultants to support senior management and Board members in reviewing several organisational policies and procedures. The charity also maintained its reserves in line with the Charity Commission's guidance and re-engaged the services of Linden Accountants based in St Werburghs, Bristol. Looking ahead, Nilaari remains committed to delivering exceptional services, advocating for equitable mental health treatment, and fostering resilience wrthin our community. Fundin Policies Restricted funds This represents resources that have been received and are to be expended solely for particular projects. Unrestrlcted 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 2023124 the unrestricted reseNes increased by £84.622 and at 31 March 2024 the reserve stood at £624,584. Reserve pollcy for the year 2023124 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 circumStans, this lakes account of good practice guidance provided by the Charity Commission. This currently equates to approximately £279,206. The reserves are made up of: Fixed assets Current assets Total £379,790 £492,483 £872 273 Responsibilities of the Trustees Law applicable to charFties 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.. select suitable accounting policies and then apply them consistently; make judgmpnts and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charty will continue in operation.
NILAARI AGENCY , TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Trustees are responslble for keeplng proper accountlng records whlch dlsclose With o.:*. reasonable accuracy the finsnclal posStion of the charity and whlch enable them to ensure ? that the financlal statements comply wltli the appllcable law, r8gulatlons and trust deed. They 4&Y are also responsible for safeguarding the assotg of the charlty and hence for taking reasonable steps for the prevention 8nd detection of fraud and other irregularlties. This report has been prepared in accordance wlth the Statement of Recommended Practice: Accounting and Reporting by Charltles (FRS 102 SORP) issued in July 2014. Approved by the board of Trustees and slgned on thelr behalf by: G Ramsay - Chair t Date 1310112D
NILAARI AGENCY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 I report on the unaudited accounts for the year ended 31, March 2024 set out on pages 6 to 15. Respective responsibilities of trustees 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 accordance with the Companies Act 2006 ('the 2006 Act,) 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 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Basis of independent examinerfs 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 to undertake the examination because l am a member of the Certified Public Accountants Association, which is a listed body. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. Accounting records were not kept in respect of the Company as required under section 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 requirements 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 Statement of Recommend Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns 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 IG . 2025
NILAARI AGENCY STATEMENT OF FINANCIAL ACTIVITIES (Including Incorne and Expenditure Account YEAR ENDED 31 MARCH 2024 Unrestrictsd Funds RestTiCt¢d Funds Totsl Funds 2024 Total Funds 2023 Nots INCOME FROM.. Donations and legacies Charitable actsvilies Grants Service level agreements Earned Income Other income 1,666 8,332 87.730 360,991 217,841 448.721 217,841 75,300 1,S90 137,078 160,534 126.474 75,300 1,590 TOTAL INCOME AND ENDOWMENTS 166.286 578,832 746,118 432,418 EXPENDITURE ON.. Charitable activities 86,870 471.545 568,415 413.027 TOTAL EXPENDITURE 86,870 471.545 668,415 413,027 NET INCOMEIIEXPENDITURE) 7g.416 107.287 186,703 19,392 Galns on revaluatlon ol Ilxed assets 260,308 Total lund8 at 1 Aprll 792,857 792,867 513,157 Total fund8 at 31 March 12 872.273 107,287 979,560 792,857 The charlty has no re¢ognl$ed galns or108ses other than the results for the yoar a8 80t out above. All of the activit*s of the charity are dassed as ccnlinuing. The notes on pages 8 to 15 fonn part of these finanaal statements
.8ALANCE SHEET . YEAR ENDED 31 MARCH 2024 2024 2023 Not• FIXED ASSETS: TangSble assets 388,899: 379,790 CURRENT ASSETS: . Debtors Cash at bank and In hand 113,731 517,015 630,746 33,448 394,453 427.901 CURRENT LIABILMES: Creditors: falling due withln one year Deferred incorne 10 130,976) (23.944) Nyf CURRENT ASSETS: 599,770 403.958 979,560 792.857 FUNDS Unrestrscted funds , Ravaluation rosarv6 ' ,Restrirtod funds 18uildlng fvnds 12 12 12 12 624.584 249,896 107,287 (2,207) 539,962 255,102 . ' {2.207) 979,560 792.857 For tha yaar ending 31st March 2024. the company was entitled to exemption from audit under section 477 of the Companl ' wrelating to small o)rnpanies. Tha members have rnt required the company to obtain an audit of its accounts for the year in quèstion in a(rdance witr The dlre(Xors adfflowledge their responsiblities for complying with the requirements of the Act with respect to acty)unting These accounts have been prepared In acGordance wlth the provlsions applicable to companies subject to the small com . regtme. These financial statsments were approved by the dlrector8 and author18ed lor18sua on 01 and ara signed on their behalf by.. , ¢omDaftv Raaistratlon Nurribar..03765177
NILAARI AGENCY STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash used in operating octlvltles Net movement Sn funds Adjuslmenls for.. Depreciation charges Dividends. interest and rents from Invesknents DeC8$e I lincreasel In debtors Increase I Idecreasel in ¢dItorS < 1 year In¢8$e I Idecreasel in credrtors > 1 year 186,576 19,392 11,014 9,981 181,713) 8,689 33,663 14.662 10 Net cash provlded by I lusod In) operntlng acllvltles 124,466 77,698 Cash flows from Investlng actlvltle8 Dividends, Interest and rents from Investments Purchase of tangible fixed assets 11.9041 12,6731 Net cash provldfrd by I lused In) Inve•tlng actlvltSe8 11,9041 12,6731 Incr¢a$¢ I Ide¢reasel In cash and cash equlvalents In the year 122,662 75,025 Cash and cash equivalents al the beginning of the ypar 394.463 319,428 Cash and cash equlvalents at the end of the year 617,016 394,453 All of the cash flows are derived from continuing opefalions during the above t4¥0 periods. The charity has not provided an analysis of changes in net debt as it does not have any long temi financing arrangements. The notes on pages 8 to 15 fom part of these ffinancial stalements
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Accounting conventlon The financial statements have been prepared under the historic cost convention. The finanual $18temenls have been prepared in accordance wiltt the Statement of Recommended PraCte.. Accounting and Reporb"ng by Charities IFRS 102 SORPI issued in July 2014, and applicable UK Accounting Slandards and the charits Act 2011. Funds structure Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in fvrtheran of the charitable objects. Unrestricted funds indude designated funds where the trustees. al their discretion, have set aside resourt%s for a Specific purpose. Restricted funds a funds which are to be used in accordance with speofic trictiOnS imposed by the donor or the tems of specific appeal. Income All Income is recognised once the charity has entrtlement to the resources, rt is rtain that the resources will be received and the monetary value of income can b8 measured with suffent reliabilty. Income from donations is included when Ihese are re1Vable. exp1 as follo.. il When the donors speafy that the donations given to the charity must be used in fvlure accounting periods., ill When donors impose conditions which have to be fulfilled before the charity becomes entitled to Use such income, the income 1$ deferred until the pre-conditions have been mel. Income from grants. where there are perfomian¢% or service delNerables required by Ihe lemis of the grant, are accounted for as the charity earns the nght lo payment through its perfornance. Expendlturn Liabilities are recognised as expenditure as scon as there is a 18gal or constructive obligation Comm1ng the charity to the expenditure. All expenditure is acuunted for on an a¢xruals basis and has been classified under headings that agree all costs related to the category. Support costs have been allocated 100% towards the thartab adivits'es of the charity. Charltable actlvlties Charrtable expenditure comprises those costs inujrred by the charity in the delivery of rts activities and seryices for it8 beneficianes. 11 includes both the direct pay arKI rn-paY costs and support $ts relaling lo those activities. Governan¢e Costs Govefnance cost include those costs associated wtth meeting the constrtutional and stalulory requirements of the charity, and Indude 11$ independent examination fee5 and costs linked to the strategr management of the charity including trustee expenses. Penslons The charity operates a defined contribution pension stheme and the pensM)n charge represents the amounts payable by the charity lo the fund in respect of the year. Corporation tax As the company is a registed charity no prOViOn is considered neossary for taxation on income that is exempt under Corporation Tax legislation and that is applied to the charitable objects.
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Tangible fixed assets and depreciallon All items are stsled in the accounts under the historical cost attounting fu, wilh the exception of the revaluatson of freehold property. Depreciation is calculated so as to wnte off the cost or revalued amounts of the folk>wng tsngIb fixed assets by equal annual instalments over their estimated usefiJl lives at the followng rates.. Asset category Annual rats Freehold Property Depreciation is also provided on the reduung balan method to write off other fixed assets over their useful lives al Ihe following rates.. Asset catsgory Annual r•to FtJrniture & fittings Offi¢e Equipment 25% 25% DONATIONS AND LEGACIES Unrestrict Funds Restrlcted Funds Totsl Fun 2024 Total Funds 2023 Donations - For the benefit of clkrynts 1,666 8,332 1,666 8.332 INCOME FROM CHARITABLE ACTIVITIES GRANTS Unrnstrl¢t•d Funds Re$trl¢ted Fund8 Totsl Fundi 2024 Total Funds 2023 Ageing Better Project Bristol City Council - Advice & Mental Hei Age UK Wazee Project Barton Hill Project Quartet Foundation DAA Project NHS ICB Community Workers Partnersh NHS ICB SMI Project DMCS - Lloyds Foundation ti) Missing Link Ikl REND- Research WECA Communrty Support Fund CRF Caprtal Funding 32,875 21,953 29,C0 29,075 50,1KJO 4,940 160,264 50,312 29,000 29.075 so.000 4,940 160.264 60,312 25,000 62.730 20,000 50,IJXJ 25,(K)O 62,730 27,250 20.fKiO 5.000 17.400 17,400 87.730 360.991 448.721 137,078 10
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES SERVICE LEVEL AGREEMENTS Unrestrlcted Funds Restrl¢ted Fund$ Total Funds 2024 Totsl Funds 2023 AWP - Funded Placements Second Steps 217.841 217,841 126,654 33,880 217.841 217,841 160,534 INCOME FROM CHARITABLE ACTIVITIES EARNED INCOME Unr•strlcted Funds Re8trl¢ted Funds Total Fund• 2024 Total Funds 2023 Professional services Provision of training Room hire 70.015 70,015 116,524 2,130 7,820 5.285 5,286 75,300 75,300 126,474
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 DIRECT CHARITABLE EXPENDITURE Charitable Activltie$ Unrostrl¢ted Funds Restricted Funds Totsl Funds 2024 Total Funds 2023 NHS COVID-19 Crisis Response activity NHS ICB Community Link Wort(ers Costs Quartet Foundation DAWA Project cost Barton Hill Project costs Wazee Project costs CRF Capital costs Salaries and wages Pension costs Recruitment CQSts Staff supervision and training Volunteer expenses Dona110n5 paid lo clients 43,000 13,000 60,CKM) 60,000 800 15,000 25 93.249 333,862 7.056 407 7,632 1.398 200 15,OCH) 25 93.249 302,227 31,635 7.056 407 7.632 1,363 200 302,662 6.968 10,385 1.114 35 Premises. rent and ulilitieg Bookkeeping Repairs & renewals Stationery. print, post, IT Subscriptions Travel expenses Staff enlertainm&nt HR Support Legal & professional fees Bank Charges Bad debt written off Depreciation Sundnes Insurance Governance Costs 3,847 3,183 4.944 7,230 160 2,432 310 3,847 3.183 4.944 7.230 160 2.432 310 2,120 2,791 6,185 5,855 125 2,066 507 88 161 18311 11,014 2,318 3,067 1.260 141 151 1831) 11.014 2.196 3.057 9.981 1.060 2,366 1,438 122 86,870 471,545 668,415 413,027 12
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 2023 The aggregate payroll ¢osts were.. Wages & salanes Social securrty costs Pensions 314,506 19,687 6,725 340,919 288,909 13.754 6.968 309.630 Partlculars of employees: The average number of staff employed by the Chanty dunng the finanaal year amounted to.. 2024 No. 2023 No. Project Staff Support staff 21 18 22 19 No employee ffjceived emoluments of more than £60,OCM)12023. Nil) The average number of fvll-time equivalent employees durirKJ the year was 1812023.. 161 No trustee received remuneration, and no trustees reclaimed expenses12023.. Nill. The charity operates a defined contrth)ution penSn stheme. 14 Staff are members of the Scheme 13
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Freehold Property Flxtures & Flttings Offi¢e Equipment Totsls COST: At 1 April 2023 Additions Revaluations 475,000 47,383 1.904 522.383 1,904 Al 31 March 2024 475,000 49,286 524,286 DEPRECIATION: Al 1 April 2023 Charge for the year 89.490 9.500 43,993 1.514 133,483 11,014 Al 31 March 2024 98,990 45.507 144,497 NET BOOK VALUE: At 31 March 2024 376,010 3.780 379,790 At 31 March 2023 385,510 3.389 388,899 All assets are used directly for charitable purposes Freehokl property was revalued in 2022 by Hunters Eslale Agènts Limited on the basis of present condrtion and usage. The historical cost of the freehold property induded in the valuation of £475.000 was £233,288. DEBTORS 2024 2023 Debtors Prepayments 111,496 2,236 113,731 32,156 1,293 33,448 10 CREDITORS: amounts falllng due wlthln one yr 2024 2023 Trade credrtors Accruals Taxation and soaal $e¢urity Other creditors Bad debt provision 27,663 780 2,643 17,890 1,560 599 831 23,944 30,976 14
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Re$trl¢ted Funds Total Funds 2024 Fixed Asset5 Current Assets Current Liabslities 379,79) 523,459 130,9761 379.790 630.746 130,9761 107.287 872,273 107,287 979.560 12 TOTAL FUNDS Analysis of Fund movements Balan¢• In¢ome Expendlture Transfern Fund clfwd Unrestrlctsd funds: General lunds Revaluation reserve Designated funds Building funds 539,962 255.102 166,286 181,6641 15,206) 624,584 249,896 12.2071 12,2071 792,867 166,286 186,8701 872,273 Restrlcted funds: Balance bllwd Incom• Expendlture Tran8f•r• Fund AWP - Funded Plarnents (al Age UK Wazee Project Ibl Barton Hill Project Icl BCC Debt & Mental Health Project Id) Quartet Foundation DAWTA Project lel NHS IC8 Communily Workers Partnersh NHS IC8 SMI Projecl Igi REND- Research Ihl CRF Capital Funding {il 217.841 29.075 50,000 29.000 1217,841) 129.0751 136,1811 {29,OCNJI 18001 160.OCQI 13,819 4,140 100.264 50.312 14.602 175,8491 160,264 50.312 20,000 17.400 {5,39BI {93.2491 678,832 471.545 107,287 Total 792.857 745.118 1558.4151 979,560 lal 8ristol Mental Health Overseen by the Bristol Clinul Commwioning Group and led by Avon & Wirtshire Mental Heallh Partnership NHS Trusl, Nilaari along with several other publi¢ ano 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 indivKluals lo build $[lieft and improve wellbeing Ibl Age UK Wazee Project - Delivering taik)red mental heatth ellbeing sessions lo senior members from racially minoritised Icl Barton Hill Project - A partnership Sed by Nilaari in collaboratn with Bristol Bla( Carers Project and the Somali Resource Cenlre. offering culturally responsive and linguisli¢ally appropriate mental heatth and wellbeing support to residents affected by the fear of being uprooted from their homes due to structural problems with their flats. 15
NILAARI AGENCY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12 TOTAL FUNDS (Continued) Idl BCC Debt & Mental Health Project- In partnership wrth Sl Paul's Adwce Centre, this project aims to make a lasting impact on individuals from racially minorilised cLJMmunrtS by fostering $111en and equipping them wrth tools to manage mental health and financial wellbeing. lel Quartel Foundatlon DAwfA Projecl - Creating a fftabve space for transracially adopted and BMC fostered adults lo support mental health and prevent social and cultural isolation. 111 NHS IC8 Communlty Workers Partnershlp - TaetIng Inner Cty & East's most marginalised populations, this seNic8, delivered in partnership with the Somali Resour Centre and Black car$ Project, aims lo Improve accEss to main$tarn Igl NHS ICB SMI Project Addressing disparities in health checks. this project collaborates with local health ntre$ to provide tailored support. tackling healltt Inequalrties and enhanring the VlIbeIng of individuals from Blad( ethnicities wlh Severe Mental, Ihl REND Research - Community engagement research involvement. Ill CRF Capllal Fundlng - Community Resilience Fund to support the buikling inner renovation work. Ill Lloyds Foundatlon - A hvtryear grant of £50.0(X) from Lh)yds Bank Foundation supports the charity in addressing the needs of the most vulnerable and marginalised people. Ikl Ml88lng Llnk - During the COVID pandemic. there was a notable increase in referrals from women within Asian communities, to domestic and sexLtal violence organisalions such as Next Link. In spOnse we collaborated with Next Link to provide therapy and support. As a result we saw Strong engagement and retention which coukl be attributed lo the cultural relevan¢X of the 16