DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR 31 MARCH 2024 Company Registration Number 3873291 Charity fqumber 1088868
DERBYSHIRE LGBT+ COMPANY LIMITKD BY GUARANTEE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2024 Contents Page Members of the board and professional advisers Trustees, annual report Independent Examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-14
DERBYSHtRE LGBT+ LTD COMPANY LIMrrED BY GUARANTEE MEMBERS OF THE BOARD AIYD PROFESSIONAL ADVISERS The board of truste&sldirectors th D. Merrison (Resigned 18 March 2024) J. Rand D. Ashton M. Carter M, Butler (Appointed 18th September 2023) Company secretary J. Rand Registered office 25 Curzon Street Derby DEI ILH Independent Examiner Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees, who are also Directors for the purposes of the Companies ACL have pl¢asure in presenting their report and the unaudited fmancial statements of the charity for the year ended 31 March 2024. OBJECTIVES AI¥D ACTIVITIES To relieve the mental and emotional crises suffered by persons who are gay, lesbian, bisexual, transgender or in doubt about their sexual identity or by those who may be affected by or involved with such persons. In particular, by giving of advic¢, counsel and help from members of the company working under direction who are selected and prepared to give such advice, counsel and help. This is in accordance with the charity's goveming document, the Memorandum and Articles of Association of 8 November 1999 as amended by special resolution dated 2 September 2001, certificate of incorporation upon change of name, dated 19 July 2003 and special re501ution dated 29 January 2005. UMMARY OF THE MATN ACTIVITIES UNDERTAKEN FOR T IN N TO THESE OBJECTIVES LIC BENEFIT In planning our activities for the year we kept in mind the Charity Commissions guidance on publi¢ benefit at our trustees meetings. The aim of Derbyshire LGB T+ Ltd is to advise, assist, infonn and support any person in doubt about their sexuality or experiencing difficulty in their lives r¢lating to their or another person's sexuality. I"he charity also provides advice. assistance and support relating to sexual h¢alth. Derbyshire LGBT+ Ltd is open to all individuals in line with the Equality Act 2010. It operates principally within Derby and Derbyshire although it is becoming recognised as the leading LGBT+ provider throughout the East Midlands. CHIEVEMENTS AND PERFORMANCE 2023-2024 has been another successful year for Derbyshire LGBT+. We have continued to rebuild our reserves and managed to fund our services for another year, in difficult fingncial times for the voluntary sector. We have invested in creating a Kitemark that organisations can achieve to show they understand LGBT+ people and their needs. This is a paid service and has helped to finance the organisation and improve services for LGBT+ people within the businesses that sign up. We have gained fLmding and recruited a family's worker, who is supporting LGBT+ families in the many challenges that they may face and to create parent champions, who can advocate on behalf of LGBT+ families. W¢ continue to be the only LGBT+ organisation that has two
DERBYSHtRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE TRUSTEES, AIYNUAL REPORT YEAR ENDED 31 MARCH 2024 dedicated centres within our County. We are diversifying our income streams by renting out space, our accreditation scheme. and building on our training packages. Financial Review Reserves Policy The Trustees and Management are working towards rebuilding our reserves over the next two years. This will allow us to use non ring-fenced money/grants to sustain the organisation in the short terni should thc funding climate become more difficult. We have a responsibility to have reserves in place to meet out statutory obligations and lo run Derbyshire LGB T+ Ltd whilst further funding is sought. TRUCTURE GOVERNANCE AND MANAGEME Governing document Derbyshire LGBT+ Ltd is based at 25 Curzon Street, Derby, which is the company's registered office and the principal addr¢ss of the charity. Derbyshire LGBT+ Ltd is a company limited by guarantee and not having a share capital (company registration No. 3873291) and Registered Charity (No. 1088868). Trustee selection methods The Board of Trust¢¢s has up to l 2 Trustees that can be elected. All are elected on a bi-monthly basis by the membership of Derbyshire LGBT+ Ltd. New Trustees go through an induction process following their appointment or election. The Board meets on a monthly basis. Risk management policy The Trustees and the Management Cornmittee have examined the key strategic, business and operational risks which Derbyshire LGBT+ Ltd faces and confinns ihat systems, policies and procedur¢s have been established to enable regular reports and assessments to bc produced so that all the necessary steps can be taken to lesscn these and any potential risks. Derbyshirc LGBI"+ Ltd as part of its development work addresses risks (including Financial) to the viability of the organisation and is subject to six monthly review as per our governance arrangements. Risks have been identified both intemally and externally and policies and procedures adopted to ameliorate any potential risks. Derbyshire LGB T+ Ltd system of internal controls are designed to provide reasonable, but not absolute assurance against material misstatement or loss. They include: A strategic plan and an annual budget approved by the Trustees. Regular consideration by the Trustees of financial results, variance from budget. non- financial performance indicators and benchmarking reviews. Delegation of authority and segrcgation of duties; Identification and management ol risks.
DERBYSHIRE LGBT+ LTD COMPANY LIKtTED BY GUARANTEE TRUSTEES) ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Independent Examlner Mark Newey ACMA of Derby Community Accountsncy Service will continue in office as independent examiner for the ensuing year. Small company provisions This report has been prepared in accordanc¢ with the special provisions for small companies under Part 15 of the Companies Act 2006. Registered office: Signed on behalf of the trustees 25 Curzon Street Derby Jim. Rand Treasurer Date 0( /11/202
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO TRUSTEES YEAR ENDED 31 MARCH 2024 Independent ExamÉner's Report to the Trustw of Derbyshire LGBT+ Ltd I report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 6tol4. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent ¢xamination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for indepcndent cxatnination, it is my rcsponsibility to: examine the accounts under section 145 of the 2011 Act. follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 ACL as amend¢d)' and stat¢ whether particular matters have Come to my attention. Basis of independent examiner's statement My examination was catried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustces concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: Which gives me reasonable caus¢ to believe thaL in any material respec¢ the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principlcs of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met" or to which, in my opinion, attention should be drdwn in order to enable a proper understanding of the accounts to be reached. olir)12 Name: Mark Newey ACMA Address: Derby Community Accountancy Service, Babington Lodge. l28 Green Lane, Derby.
DERBYSHIRE LGBT+ LTD COMPANY LtMrrED BY GUARANTEE STATEMENT OF FINANcL ACTIVITIES YEAR ENDED 31 MARCH 2024 Total Funds Year to 31 Mar 2024 Total Funds Yearto 31 Mar 2023 UnrtrICted Funds Restricted Funds Note Income from: Donations Investment income Grant receivable Other income 42,670 1,340 20,201 42,670 1,340 188,791 33.087 258 125,812 507 168,590 Total incoming resourc 64,211 168,590 232,801 159,664 enditure on Raising Funds Charitable activities 59,853 174J48 234,201 214,997 Total resourees expended 59,853 174,348 234,201 214.997 Net incomingl(outgoing) resources before transfers Transfer between funds 4?58 (5,758) (1,400) (55,333) Net movement in funds Funds brought forward 4,358 102,807 (5,758) 16,849 (1,400) 119,656 (55,333) 174,989 Funds carried forward 107,165 11,091 118,256 119,656 The charity has no recolSed 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 14 form part of these financial statements.
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARAIYTEE BALANCE SHEET 31 MARCH 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 10 8,846 110,633 5,124 148,630 119,479 153,754 Creditors: amounts falling due within one year 11 1,223 34,098 Net current assets 118,256 119,656 Total assets less current liabilities 118,256 119,656 Net assets 118256 119,656 Funds Restricted Unrestricted - general reserves Unrestricted - designated reserves 12 12 12 11,091 35,980 71,185 16,849 1,865 100,942 TOTAL FUNDS 118256 119,656 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities: (i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. and (li) "I'he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. These financial statements were approved and authorised for issue by the members of the committee and are signed on their behalf by: J. Rand Chair Date 01/1 I/ZL)LLt Company Re8lStration Number: 3873291 The notes on pages 8 to 14 form part of these financial statements.
DERBYSHIRE LGBT+ LTD ColANy LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEiYrs YKAR ENDED 31 MARCH 2024 Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Company information Derbyshir¢ LGBT+ Ltd is a company limited by guarantee not having a share capital. The company's registered office is, 25 Curzon StreeL Derby, DEI ILH. At the end of the year there were 4 Trustees, each of whom. under the ternis of the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £ l in the event of a winding up of the company. 1.1 Accounting convention These accounts have been prepared in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ircland" ("TrRS 102"), "Accounting and Reporting by Charities" the Ststement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it apples from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterling which is the functional currency of the company Monetary amounts in these financial statements to the nearest £. The accounts have been pr¢pared on historical cost convention apart from freehold property that is carried at market value. The principal accounting policies adopted are set out below. These are accounts for the year ended 31 March 2024 prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was l April 2015. 1.2 Going concern At the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. 1.3 Charitable Funds Unrestricted funds att available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the trustee5 for particular purpos¢s. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the tern]s of an appeal. 1.4 Incoming resources All incoming resources are included in the SOFA when the charity Is legally entitled to the income and the amount Can be quantified with reasonable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been aljocated to activities on a basis consistent with use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in the support of the charitable activities. 1.6 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash and cash equiv8Ients Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- tenn liquid investments with original maturities of thrcc months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabililies. 1.8 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in th¢ transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at iheir settlement amount after allowing for any trade discounts due. 1.9 Financial instruments The Charity has financial assets and fjnancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Derecognilion offinancial liabililies Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The Cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. T¢rmination benefits are recogniscd immediately as an expense when the company is demonstrably committed to tern)inate the employrnent of an employee or to provide termination benefits. 1.11 Taxation The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 1.12 Depreciation Individual fixed assets are capitalised al cost and are depreciated over th¢ir estimated useful economic lives on a reducing balance basis as follows:_
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 TrtARCH 2024 Asset category Equipment Fixtures and Fittings Annual rate Critical accounting estimates and judgements In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 3. Donations Total Funds Year to 31 Mar 2024 Total Funds Yearto31 Mar 2023 Unrestricted Restricted Funds Funds Donations and fundraising 42,670 42,670 33,087 42,670 42,670 33,087 4. Incoming resources from the Charitable activities Total Funds Unrestricted Restri¢ted Year to 31 Funds Funds Mar 2024 Total Funds Yearto31 Mar 2023 National Lottery Community Fund Derbyshire Voluntary Action Derbyshire Community Health Service Children in Nc¢d Erewash Voluntsry Action Community Action Derby Platfonn Housing Charites Trust Derbyshire County CouncAI 120,250 120,250 65,000 4,437 19,498 31,877 5,000 18,806 18,806 41,780 41,780 6,560 6,560 500 45 850 500 45 850 20201 168,590 188,791 125,812 Interest receivable Year to 31 Mar 2024 Yearto31 Mar 2023 Bank interest receivable (unrestricted) 1,340 258 10-
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2024 Total resources expended Staff costs Travel costs Rent, rates & insurance l-Ieat and Light Fees Postage, stationery & telcphone Maintenance & renewals Project costs Office equipment Hospitality Training Sundries Fundraising Accountancy fees Returned grant Direct Direct Direct Direct Direct 161,471 6,419 33,672 4,088 8,229 148,063 5,718 34,339 3,694 8,156 Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct 3,387 8,755 732 1,871 717 4,195 2,430 723 2,054 615 95 4.065 2,647 1,213 1,000 850 234,201 214,997 Expenditure on charitable activities was £234,201 (2023: £214,997) of which £174.348 was restricted (2023 £137,510) Net {expenditure)/income Net (expenditure)/income for the year is stated after chargingl(creditin8): 2024 2023 Independent Examiner's Fees 1.000 850 8. Directors and key management personnel During the year trustees did not receive remuneration. The key management peysonnel of the charity consist of the trustees. the Chief Executive Officer and other members of the senior management team. The total employment benefits of the key management personnel were £47,215 (2023: £44,115) 11
DERBYSHtRE LGBT+ LTD coTrtPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEiYrs YEAR EI¥DED 31 MARCH 2024 Employees No employee earned more than £60.000 annum. No trustees were reimbursed for expenditure. The average nulnber of staff employed by the charity during the financial year amounted to: Year to 31 Mar 2023 Year to 31 Mar 2024 Direct Charitable Staff Governance The aggregate payroll costs Ivere: Year to 31 Mar 2024 Yearto31 Mar 2023 Wages and salaries Social security costs Pension costs 144,063 12,369 5,039 131,533 11,327 5,203 161,471 148,063 10. Debtors 2024 2023 Derbyshire County Council Ashbrook Infant & Nursery School Derby University Derbyshire Community Health Service Ingeus UK Ltd Other 400 500 200 6,269 792 1,250 500 240 3,134 8,846 5,124 12-
DERBYSHlllE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEwrs YEAR ENDED 31 MARCH 2024 11. Creditors: Amounts falling due Ivithin one year 2024 2023 Deferred income National Lottery Community Fund 32,500 Trade creditors 1223 1,598 1223 34,098 12. Statement of funds At l April 2023 Incoming Outgoing Transfers At 31Mareh 2023 General reserve Designated reserve 1,865 100,942 64,211 (56,472) 26,376 (3,381) (26,376) 35,980 71,185 Total unrestricted funds 102,807 64211 (59,853) 107,165 The National Lottery Community Fund - Trans Project The National Lottery Community Fund Children in Need National Heritage Lottery Feeling Connected Erewash Voluntary Action - Joined Up Care Community Action Derby 237 (237) 3,342 120250 3,852 41,780 1,500 2,918 (128,570) (34,629) {4,978) 11,003 1,500 (2,918) 5,000 (5,000) (2,994) 6,560 3,566 Total restricted funds 16,849 168,590 (174,348) 11,091 Total funds 119,656 232,801 (234201) 118,256 Designated Funds Derby Centre improvements Chesterfield Centre Refurbishment IT upgrade Contingency Reserve TOTAL 8,264 6.732 7,689 13-
DERBYSHtRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Restricted Funds The National Lottery Community Fund- New Frontiers- This funding is for the core costs of running our centres to support the LGBT+ comrnunity of Derbyshire The National Lottery Community Fund - Trans Project - Was for organisational costs for the trans group. Children in Need - Core funding to run youth groups across Derbyshire National Heritage Lottery/Other Stories - This funding is used to research LGB T+ peoples stories from the past and the present and develop oral histories and exhibitions Feeling Connected- This funding is to create and run social groups to reduce isolation in Chestcrfield. Community Action Derby- The funding was for a family project. 13. Analysi5 of net assets Tangible fixed assets Other net assets Tot21 Unrestricted funds General reserve Designated Funds 35,980 71,185 35,980 71,185 Restricted funds The National Lottery Community Fund Children in Nccd National14eritage Lottery Community Action Derby (4,978) 11,003 1,500 3,566 (4,978) 11,003 I,soo 3,566 Total restricted funds 11,091 11,091 Total funds 118,256 118,256 14. Related party transactions The charity had no related party transactions that required disclosure. 14-