DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR 31 MARCH 2025 Company Registration Number 3873291 Charfity Number 1088868
DERBYSHIRE LGBT+ COMPANY LIIMITED BY GLARANTEE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2025 Contents Page M¢mbers of the board and professional advisers Trustees, annual report 24 Independent Examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-14
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTE MEMBERS OF THE BOARJ) AND PROFESSIONAL ADVISERS The board of trusteesldirectors J. Rand D. Ashton M. Cart M. Butler D, Goodchild (Appointed 14 March 2025) Company secretary J. Rand Registered office 25 Curzon Str¢et Derby DEI ILH Independent Examiner Mark Newey ACDL4 Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY
DERBYSHIRE LGBT+ LTD COMPANY LIIWTED BY GUARANTEE TRUSTEES, A]YIYUAL REPORT YEAR EIYDED 31 MARCH 2025 The trustees. who are also Directors for the pu05eS of the Companies Act, have pleasure in presenting their report and the unaudited financial statemellts of the charity for the year ended 31 March 2025. OBJECTIVES AND ACTIVITIES To relieve the mentsl and emotional crises suffered by persons who are gay) lesbian, bisexual, transgender or in doubt about their sexual identity or gender identity, by those who may be affected by or involved with such persons. In particular, by giving of advice, counsel and help from members of the company working under direction who are selected and prcpared to give such advice, Counsel and help. This is in accordance with the charity's governing documenE the Memorandum and Articl¢s of Association of 8 November 1999 as amended by specsal resolution dated 2nd Septcmber 2001, certificate of incorporntion upon Change of name, dated 19 July 2003 and special iesolution dated 29 January 2005. SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN LATION TO THESE OBJE IVES In planning our activities for the year we kept in mind the Charity Commissions guidance on public benefit at our trustees meetings. The aim of Derbyshire LGBT+ Ltd is to advise, assist, inforn) and support any person in doubt about their sexual identity or gender identity or experiencing difficulty in their lives relating to their or another person's sexual oreicntation or gender identity. The charity also provides advice, assistancc and support relating to sexual health. J)erbythire LGBT+ Ltd is open to all individuals in Ikne 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. ACHIEVEME]YTS AND PERFORMANCE This year has been both challenging and rewarding as we continue to support LGBT+ communities across Derbyshire. We have experienced a significant incre&se in the number of people seeking our support, much of which has been driven by anxieties around the current political climate. Alongside this. we have seen a continued rise in LGBT+ people seeking asylurn, often under extremely difficult circumstances. These growing demands have corne at a time when funding opportunities are shrinking, and many organisations are stepping back from their Equality, Diversity. and Inclusion (EDI) commitments. Despite these pressures, we have continued to generate income and secure vital support for our work. A major achievement has been securing funding for our LGBT+ Asylum Project, This has not been easy, with multiple applications declined before we fallY secured support. The
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE TRUSTEES) ANNUAL REPORT YEAR ENDED 31 MARCH 2025 funding has enabled us to employ a dedicated worker who now provides one-to-one support. facilitates group sessions, and leads campaigns to advocate for the rights and needs of LGB T+ asylum seekers. We continue to actively pursue further funding to ensure the sustsinability of this much-needed proj ect. We have also introduced a hot lunch service. offering service users a warni, welcoming space with access to hot food and driiths. This initiative has been extremely well received and has significantly increased attendance at our Wednesday drop-ins. Service users have even offered food donations to help sustain the service during funding gaps. which demonstrates both their commitment and how vital this project has become in building community connections. Building on this success, we are hoping to secure funding to expand the initiative into our Chesterfield centre. Another important development has been the establishment of a monthly sexual health clinic for groups disproportionately affected by HIV. This specialist service is helping to break down barrieTS to healthcare, improve accessibility, and contribute to better health outcomes for our cornmunity. Finally, our LGBT+ Accreditation Scheme has continued to go from strength to strength, siipporting organisations across sectors to impTove their practices and demonstrate genuine commitment to inclusivity. Flnancial Revieiv 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-f¢nced moneylgrants to sustain the organisation in the short tern should the funding climate become more difficult. We have a responsibility to have reserves in place to meet out statutory obligations and to run Derbyshire LGB T+ Ltd whilst further funding is sought. STRUCTURE GOVERNANCE AND MANAGEMENr Governing document Derbyshire LGBT+ Ltd is based at 25 Curzon Street, Derby, which is the company's registered office and the principal address of the charity. Derbyshire LGBT+ Ltd is a coinpany limited by guarantee and not having a share capital (company registration No. 3873291) and Registered Charity (No. 1088868). Trustee selection methods The Board of Trustees has up to 12 Tru51ees that can be elected. All are elected on a bi-monthly basis by the membership of Derbyshire LGBT+ Ltd. New Trustees go tbrough an induction process following their appointment or election. The Board meets on a monthly basis.
DERBYSHtRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE TRUSTEES? ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Risk managemeDt policy The Trustees and the Management Committee have examined the key strategic, business and operational risks which Derbyshire LGBT+ Ltd faces and confirnis that systems, policies and procedures have been established to enable regular reports and assessments to be produced so that all the necessary steps can be taken to lessen these and any potential risks. Derbyshire LGBT+ 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 internally and exlernally and policies and procedures adopted to ameliorate any potential risks. Derbyshire LGBT+ Ltd system of int¢rnal controls are designed to provide reasonable, but not absolute assurance against material misstaternent or loss. They include: A strategic plan and an annual budget approved by the Trustees. Regular consideration by the Trustees of financial iesults, variance from budget, non- finaiicial performanc¢ indicators and benchmarking reviews" Delegation of authority and seegatioTr of duties; Identification and management of risks. Independent Examiner Mark h'ewey ACMA of Derby Community Accountancy Service will continue in office as independent examiner for the ensuing year. Small company provlsion5 This report has been prepared in accordance 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 Stre¢t Derby Davina Goodchild Treasurer Date il Z02.)
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GliARANTEE INDEPENDENT EXAMIIYER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2025 Independent Examiner's Report to the Trustees of Derbysbire LGBT+ Ltd I ieport on the accounts of the company for the year ended 31 March 2025 whieh are set out on pages 6tol4. Respective responsibilities of trurtees and examiner The trustees (who are also the directors of the company for ihe purpose5 of company law) are responsible for the preparation of thc 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 examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible foi independent examiT]ation, it is my responsibility to: examine the accounts under section 145 of the 201 l Act" follow the proccdurcs laid down in the general Directions given by the Charity Coinmission (under section 145(5)(b) of the 20 I l Ac( a5 amended); and state whether particular matters have corne to my attention. Basis of Independent examiner's statement My examination was Caled out An accordance with general directions given by the Charity Commission. 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do noi provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether tbe accounts present a "true and fair view" and the report is limited to those matters set out in the stalement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: Which gives me rea51mable cause to believe that. in any material respect, the requirements to keep accounting records in accordance with section 386 of ihe 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 principles of the Statement of Recommended Practice: AOUntIng and Reporting by Charities have not been met; or to which, in My opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. , rJea Name: Mark Newey ACMA Address: Derby Community Accountancy Service, Babington Lodge, 128 Green Lane, Derby.
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Total Funds Year to 31 Mar 2025 Total Fund5 Yearto 31 Mar 2024 Unrestrlcted Funds Restricted Funds Note Income from: Donations Investrnent income Grant receivable Other income 27,888 1,383 26.147 27,888 1,383 204,882 42,670 1,340 188,791 178,735 Total incoming resources 55.418 178,735 234,153 232,801 Ex endlture on Raising Funds Charitable activities 84,951 178,721 263,672 234,201 Total resources expended 84,951 178,721 263,672 234,201 Net incomlnpJ(outgoing) resources before transfers Transfer between funds (29,533) (212) 14 212 (29,519) (1,400) Net movement in funds Funds brought forward {29,745) 107,165 226 11,091 (29,519) 118,256 (1,400) 119,656 Fund$ Carried forward 77,420 IlJ17 88,737 118,256 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 14 form part of these financial statements.
DERBYSHIRE LGBT+ LTD COMPANY LLWTED BY GUARANTEE BALANCE SHEET 31 MARCH 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 10 8,180 105,898 8,846 110.633 114,078 119,479 Creditors: amounts falling due within one year 11 25,341 1,223 Net Current assets 88,737 118,256 Total assets less current liabilities 88,737 118,256 Net assets 88.737 119,656 Funds Restricted Unrestricted - general reserves Unrestrtcted - designated reserves 12 12 12 11,317 7,384 70,036 11,091 35,980 71,185 TOTAL FUNDS 88,737 118,256 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Acl 2006 relating to small companies. Directors responsibilities: (i) The members have not required tbe cornpany lo obtsin an audit of its accounts for the year in question in accordance with seclion 476. and (li) The 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 ommittee and are signed on their bebalf by: D. Goodchild Director Date il 202b Company Registration Number: 3873291 The notes on pages 8 to 14 form part of these financial statements.
DERBYSHIRE LGBT+ LTD COMPAJ)W LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEKENTS YEAR EIYDED 31 MARCH 2025 Accounting pojicies The principal accounting policies adopted, judgements and key sources of estiination uncertainty in the preparation of the financial statements are as follows: Company information Derbyshire LGBT+ Ltd is a company limited by guarantee not having a share capitsl. The company's registered office is, 25 Cur20n Street, Derby, DEI ILH. At the end of thc year there were 4 Trustees. each of whom, under the ternts of the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £1 in the event of a winding up of the company. 1.1 A¢counting convention These accounts have been prepared in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), "Accounting and Reporting by Charities" the Statement of Recommendcd Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounls are prepared in Sterling which is the functional cuencY of the company Monetary amounts in these financial statements to the nearest £. The accounts have been prepared 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 2025 prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Irelaiid. The date of transition lo FRS 102 was l April 2015. 1.2 Going concern At the titne of approving the accounts. th¢ directors have a reasonable expectation that the charity has adequate resources to continue in opeTational existence for the foreseeable fvture. Thus the Trustees continue to adopt the going concern basis of accounting in-preparing the accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the tTUStees in fvrtherance of the general objectives of the charity. Designated funds are unrestricted funds eamiarked by the trustees for particular purposes. Restricted fvnds are subjected to restrictions on their expenditure imposed by the donor or through the ternts 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 th¢ financial statements for services donated by volunteers.
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headiiigs that aggregate all costs relating to the category. Wbere costs cannot be directly attributed to ptIcUlar headings they have been allocated to activities on a basis consistent with use of the resources. Fundraising costs are those inCued in seeking voluntary contributions and do not include the costs of disseminating inforntion 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 equivalents Cash and cash equivalents include cash in hand, dq)osits held at call with banks, other short- terni liquid investments with original maturities of threc months or less, and bank oveIdTafts. Bank overdrafts are shown within borrowings in cU¢t liabilities. 1.8 Creditors and provisions Creditors and provislons are rccognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. 1.9 Flnanclal finstruments The charity has fmancial assets and financial liabilities of a kind that qualify as basic financial instrnments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Derecogrtilion 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 ale received. Termination benefits are recognised immediately as an expense when the company is demonstrdbly committed to terminate the employment of an employee or to provide termination benefits. 1.11 Taxation The charity is exempt from tax on incorne 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 at cost and are depreciated over their 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 MARCH 2025 Asset category Equipment Fixtures and Fittings Annual rate 2. 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 canying amount of assets and liabilities that are not readily apparent from other SOUTces. The estimated and assocxated 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 2025 Total Funds Yearto31 Mar 2024 Unrestricted Restrlcted Funds Funds Donations and fundraising 27,888 27,888 42,670 27,888 27,888 42,670 4. Incorning resources from the charitable Actlvitles TotAI Funds Unrestricted Restricted Year to 31 Funds Funds Mar 202S Total Funds Yearto31 Mar 2024 National Lottery Cornrnunity Fund Derbyshire Voluntary Action Derbyshire Community Health Service Children in Need Ercwash Voluntary Action Community Action Derby Platforn] Housing Charites Trust Derbyshire Couniy Council Police and Crimc Commission 137,800 137,800 480 18,906 27,016 410 16J19 120.250 480 18,906 18,806 41,780 27,016 410 2,400 13,919 6,560 500 45 850 51 1,400 2,500 51 1,400 2.500 26,147 178,735 204,882 188,791 Interest receivable Year to 31 Mar 2025 Yearto31 Mar 2024 Bank interest receivable (unrestricled) 1,383 1,340 10~
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Total resources expended Staff costs Travel costs Rent, rates & insurdnce Heat and Light Fees Postage, stationery & telephone Maintenance & renewals Project costs Office equipment Hospitaliry Training Sundries Fundraising Accountancy fees Returned grant Direct Direct Direct Direct Direct 191,598 6,052 32,731 5,530 7J58 161,471 6,419 33.672 4,088 8.229 Direct Direct Direct Direct Direct Direct Direct Dircct Direet Direct 3,467 3,830 lJ26 3,646 987 222 3,684 2,341 900 3,387 8,755 732 1,871 717 2,647 1,213 1,000 263,672 234,201 Expenditure on charitable activities was £263,672 (2024: £234,201) of which £178,721 was restricted (2024 £174,348) 7. Net (expendfiture)lincome Net (expenditure)lincome for the year is stated after chargingl(crediting): 2025 2024 Indcpelldent Examiner's Fees 900 1,000 Directors and key management personnel DuTing the year tnistees did not receive remuneration. The key rnanagement personnel of the charity consist of the trustees, the Chief Executive OfficeT and other members of the senior management team. The total employment benefits of the key management personnel were £49,273 (2024: £47,215) 11-
DERBYSHIRE LGBT+ LTD COMPANY LIM]TED BY GUARANTEE NOTES TO THE FJNANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2025 Employee5 No employee earned more than £60.000 per annum. No trustees were reimbursed for expenditure. The average number of staff employed by the charity during the financial year amounted to: Year to Year to 31 Mar 31 Mar 2025 2024 No Direct Charitable Staff Governance 10 11 The aggregate payroll costs were: Year to 31 Mar 2025 Yearto 31 Mar 2024 Wages and salaries Social security costs Pension costs 170,537 14,833 6,228 144,063 12.369 5,039 191,598 161,471 10. Debtors 2025 2024 Derbyshire County Council Derby City Council Ashbrook Infant & Nursery School Derby University Derbyshire Cornmunity Health Service Ingeus UK Ltd University Hospitals Other 400 1,800 400 500 200 6,269 792 600 3,134 528 1,499 219 685 8,180 8,846 12-
DERBYSHIRE LGBT+ LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 I l. Creditors: Amounts falling due within One year 2025 2024 Deferred income National Lottery Community Fund 24,375 Trade creditors 966 1.223 25,341 1,223 12. Statement of funds At l April 2024 Incoming Outgoing Transfers At 3JMY4rch 2025 General reserve Designated reserve Total unrestrlcted funds 35,980 71,185 55,418 (83,802) (1,149) (212) 7,384 70,036 107,165 55,418 (84.951) (212) 77,420 The National Lottery Community Fund Children in Need National Heritage Lottery Community Action Derby Children in Need 2024-27 The National Lottery Community Fund Asylum Fund Total restricted funds (4,978) 104,000 11,003 1,500 3,566 (117,063) (11,215) (18,041) 212 I,soo 742 3,469 13,919 27,016 (16,743) (23,547) 33,800 (10,153) 23,647 11,091 178,735 (178.721) 11,317 Total funds 118,256 234,153 (263,672) 88,737 Designated Funds Dcrby Centre improvements Chesterfield Centre Refurbishment IT upgrade Contingency Reserve TOTAL 7.574 6,273 7,689 13-
DERBYSHIRE LGBT+ LTD COMPANY LIIMJTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Restricted Funds The National Lottery Community Fund- New Frontiers- This funding is for the core costs of running our centres to support the LGBT+ community of Derbyshire Children in Need - Core funding to run youth groups across Derbyshire National Heritage Lotterylother Stories - This funding is used to research LGBT+ peoples stories frorn the past and the present and develop oral histories and exhibitions Commwiity Action Derby- Th¢ funding was for a family project. Children in Need 2024127 money h&8 been spent on salaries for our youth worker and sessional workcrs, room hire and equipment & resources. The National Lottery Asylum money was spent on the salary of the Project officer who runs the project, 13. Analysts of net assets Tanglble rixed assets Other net assets Total Unrestrficted funds General reserve Designated Funds 7J84 70,036 7,384 70,036 RestrACted funds The National Lottery Community Fund Children in Need National Heritage Lottery Community Action Derby The National Lottery Community Fund Asylum Fund (18,041) 3,469 1,500 742 (18,041) 3,469 1,500 742 23,647 23,647 Total restricted funds 11,317 11,317 Total funds 88,737 88,737 14. Related party transactions The charity had no related party transactions that required disclosure. 14-