Company registration number.. 05817797 Cl]arity retioll number.. 1120968 North East Equality & Diversity Limited (A company limited by guarantee) Annual Relrt and FIn¢la1 Statements for the Yw Ended 31 August 2025 W¢llwdy knountallts Limit¢d Borough Hau Wellwuy Morpeth Northumber]and NE61 IBN
North East Equality & Diversity Limited Contents R¢fcr¢nc¢ and Adm]Strative Detai]s Tnlees, Report 2to7 Independent Examiner's R¢port Ststemcnt of FinEncial Activities Balance Sbeel 10 Statement of Cash Flows li Note5 to the Finawial Ststetnent$ 12to22
North East Equality & Diversity Limited Reference and Administrative Detatls Tru$ts¢s R Styring H Pottle P Hignett Se¢retary J Robb Senior Mallagement l Leadershlp J Robb Team Reglstered Office Old Firc Station South Road Alnwick Northwnberland NE66 2PA The charity is AJLCO4)orated in EnglaTJd and Woles. 05817797 CoMpY ReglstrAtlon flumber Charity Registration Tr4umber 1120968 SDllcltory: Ward Hadaway Saodgatr House 102 Qua}Tidc N¢wc4stle upon Tvll TyThe & Wear 3DX Bank¢r8 Lloy(L8 TSB eTrrastle 102 Grey Street NeThTastl¢ LpoD Tyne Tyne & W'rAr NEI 6AG Independent Examiner Wellway Account8llts Limited Boroiigh H&ll Wellway Morpeih Nortbutnb¢rland NE61 IBN Page I
North East Equality & Diversity Limited Trustees, Report The trustees, who aTC dir¢ctors for the purposes of conwany law, present the annual report together th¢ financial statements of the charitabl¢ Company for the year ended 31 August 2025. Objectives a¢dvltles Obj¢cts The object of the cbaritable company is: The pronKJtion of equhlity and diversity lor the publtc bellefit in the North East of England and the Border5 Region by., k) advancing education and rai8ing &wateness in equality a1 div¢rsity b) promoting activities to foster understsndillg betTh'een people from divcrse backUlS ¢) providirtg comprehensive advice and suppon through giviug advic4 representation and advocacy FuRdr&151hg dlselosures The charity do not use a professional fibtthiser or Com[claI partieipator to raise funds. Any monies raised from Ihe public follows all gusdance se¢ out by the Clwities Connnission and UK law in every respecL We respect the privacy and contac¢ prefereoces of all public donors. PAg¢ 2
North East Equality & Diversity Limited Trustees, Report Publlc benef NEED Ltd provides a community transport service to the ilthabitants of the L.nited Kingdom •4rho are in need of these services because of ag¢, sickn¢ss or disability (mental and physical), or povety, or bec&use of a lack of availability of adequate and safe passeng¢r public 5¢ry]c. Thc organisation is wtdely recogniscd for providing excelleni services to our uscrs. This is undoubtedly due to the dediution of our Bo8rd of Directors (Trustees) d staff. Our Private Vehicle Operntor Lic¢nccs hal'o given us th¢ ability to provide trBnsport ill remote xural areas whrte roads are too naffow for larg¢r buses, and in porticul8r access rnTal farnleads. Followillg fro last year. NEED Ltd has omde steady progress in recovering from the aft¢T ¢ffe¢ts of the gov¢rnrn¢nt restrictions illtroduced both nats"onaity and locally to c4)ntrol the pandemic caused by Covid 19. Activities in some areas are back to pre-pandemic level& however, other areas are still recovering slowly. W¢ hFAve continued to work closely with liorthumberland Cowlry Council (NCC) to maintsin ess¢ntial trdUSPOrt s¢rvi¢¢$ ttk schools alld with those dtsadvantaged and Nwlnerable people liiring in isolated c4)mmuniti¢s tlwoughout tb¢ Nortb East of England. especially in Northumberland aud on Tyneside. We hav¢ recentty renegotiated our contract to provide pktient trawort seTrices to and from hospitals and other health care facilities, still providing s¢ryic¢s to tbe Fxorth E&st ATnbulallce Service (NEAS) but through a third-party proYid¢T Fl¢¢t SolutioDs Nortb Fast (FSNE). NEED also continued kn work closely with doctor's GP prncti¢¢s alld dental prartitionets to provtde servictt to tILose people the means to attend vital health ppointments wbo liv¢ in thc tnost rIallY i501ated areas ot h0 are ull2ble to afford ptii'ate or public trnnsport. Although health restrictions have b¢en relaxed dur]Dg the pen0 we bave colltillued to Jnaintain our own very strict Cle down routines of our v¢hicles a regular b&%is. It is to the Staffs credit that they have continued to Ccept the chaikeng¢ with dedicAted profebsion<sm. The corryring of gro$ of passeng¢rs from cate bomes aud other l¢)catioDS for day trips bas Slowly recovered but is yet to reach pre-pand¢mi¢ l¢vcls. Ad hoc traDSPOrt arrallgemeThts, which fornied a significant part of our bwiness prtrcovid, bas largely rwov¢r¢d and there ha5 been a steady increase in individuals and groups using our transport facilities over the ar, Thi5 81ightly lower than hoped for overall recovery has once again had an impact on NEED'S finLry¢ial affairs bu( there are encouragllw sign¥ of tncr&45ed usag¢. The lack of government support during the pandemic l¢ft thc organisation with sigDificBnt debt problen]s' bowever. the orwdnisation is gradually paying back Its bounc¢-back and piivate loans. The Old Fire Station in Alnwick that NEED Ltd pres¢ntly rent5 from Northumb¢rlalld County Coll11 (NCCI, ha5 beets tlie subject of much discussion dwing the y¢ar, the chlty has long held an aspirdtion to purchase the property. Duriug ibe year, NCC decided to sell the site and invited NEED Ltd, along wtth othe, to make a sealed bid application. The NEED Ltd bid Wds acrKpted. Thc charity is now progressing the legal process to purchase the site. NEED Ltd has been in discus5É0fA for a f¢w y¢ars now with various other cl)aritable secknr organisation5 to ¢ the building to its nK)St mutually beneficial extent. The intention, when the purchkse is ompl¢te, is to renovate and refuTbish the property provide affordable office space and facilities for vse as a ommunity hub by some of the other Yoluntary sector cotDn)unity organisatiolls and social ent¢riS¢S that hav¢ been in collts¢t 1th the organisation. NEED Lrd i5 once again indebted to NCC for its paticncc and tolerat¢ in taking into a¢¢oullt our fjDallcÈal pligbt througlThout the previo$ years. NE,ED Ltd i5 1000/0 tslly sustainable atsd a self-sufficient orgAtii58tion usitig its contracts with NCC and FSNE (NEAS) to 8ubsidise the charity"s oth¢r &ctivities tD disadvantaged ate&s. The charity is looking fonvard to the new chjllenges ahead ov¢r the next l? Mots. As chair, l M".ould like to forn]ally fhatsk all NEED Ltd staff, drivers, passenger assistants, alld board [[er5 for tbeit continued coll]n]itn]ent to the org8nisation. The tLUStees Conf that hav¢ ¢omph"¢d with the requirements of seetion 17 of the Ciwities Act 2011 to have due regard to the public b¢n¢fit gllidan¢¢ pthlish¢d by th¢ Charity Con]mis$ion for England and Wales. Page 3
Nortb East Equality & Diversity Limited Trustees, Report Us6 tsf vol#ftt*¢rs NEED Ltd is fortunate to havc a nLunber of voluntcers Thqlling to give their time freely trt provide g0vennCe for the Organisatioll. This colltribution is greatly valu¢d by Staff, sen'icc users and myself &8 Chairnt of NBED Ltd. I would ther¢fore like to tske this opportunity to record my appr¢ciation to these dedicated pcople. Going Concern llie preparation of the 1st Septeber 2024 to 31st Aug 2025 Annual Accounts has been att &ie4)urngittg task Th¢ relax&tioD of th¢ rcstrictions iD]posed due to the recent Covid-19 pandemi¢ across Unitcd Kingdom b2$ helped to irnprove the fmatL¢ia] perfomjance alld fjJuTre planning of the ch8ritsble organisation. In p&rti¢uLar there is increasillg evidell¢¢ tbat ¢aT¢ home5 attd con]muniry gtoups Jre srarting to recover their ¢onfid¢n¢¢ and wiUingne5S to travel, and in usiug NTrED Ltd.'s services. There has been a continued and noticeabl¢ rise in fanCIal perforuLuce sinG¢ these restricLiOllS were eased in ¢be early part of 2022 but regul tTiP8 for our historio groups are still Dot quite back to pre-pandemic levek NEED Ltd has operated &t J minimum staffing level throwghout the fiwcial year 8nd bas also eonsiderably rethKd its vehicle mainte1lleg expelldltu by covering &u appreciable allut of work ho¢. In the Igst couple of year& the unfores¢¢n iDcrea5es in the cost of vebicle parts, their avaiiabiliry and also the availability of vehicle mhnICS in garages has resulted in long downtimes of vehicles, ne£essitating th¢ use of expensive short terni lease vehicles. ThaDkfidly, the organisation h&8 still retThgined resilienL mainly due to the contitwing NCC contracts requiring the orgallisation to provide tranSrt for Childr to Rttend h0O1. This anchor lias resulted in the fina0cl stability of the organisatio The stabilisation of fiTel prices al the redu¢¢d volatility of natiotttl attd international ecollomies h&ve reduced the fjnancial disruption of th¢ organisation. NEED Ltd has succcs5fully maintain¢d its ISO 9(M)l eertifieation, a requirullent of NCC ¢ontrdCts. We have also maintailled our prefea COntrlOr ststus with NCC, onee again acbieving the highest score of 98•/• in their c4)mpliance audit. The new 5-yrar whool contracts. reviewed at 12 tnoT]thly intervals. have bedded in well. Th¢se 13 contracts hav¢ been running since Aprit 2024 ad are irL addition to the existing 5 SEN contracts that wer¢ not out for t¢Ddcr last y¢ar. The nEW contra¢ts are on a mucb Ore flexible basks for NELJD Ltd whe compared to the previous fixed pric¢, fix terni 5-ye8r no]k-reviewdbl¢ coDtsBcts and give a rnh more realistic and stable ettviroftment. Our contract with North East Ambulanc¢ S¢rYioe (NEAS) to provide patient trallsport to hospitals has continued throughout the period, alb¢it for athninistrative PUO$c5, thtougb a third-party provider FSNE. There have been unforeseen minor intemiptions but NEED Ltd has conti1ed to provide a r¢gular service, this has been parti¢ularly benefici&l to those patients on dialysis. We are confLdeDi that the leNel of travel for a nwnber of p$ attd iThdividuals will colltittue to increase in tbe next few montbg. LargEr bu5 Golljpatiies with their econornic difficultieg find Èt difficu]t to sernice remote isolated areas using their larger buses. The number of route miles eoTrLYed by NEED Ltd continues to show an ittcreastng trend, particularly in isolated e8s. W¢ a]so continu¢ to withess an increasing llumber of enqutries from the commuuity sector. tn tiJnE, this will undoubtedly incr¢a5¢ the in¢(Trm¢ of tbe organisation and provide ev¢n ore stabilised groTArtlL NEED Ltd bas ¢ontiuu¢d to adopt a 51igbtly a tnore relaxed final87 apprh to its op¢rations, ¢ompor¢d to th¢ pr¢vious year. Ne. NCC School 5-year contracts have been se¢TJred and w¢ are ¢onfident that transport arrang¢tnents for car hOt al ¢otDmUtitty work will continue to recover to neaT previous historic leY¢ls, this we feel bodes w¢ll for th¢ fulll. Pagc 4
North East Equality & Diversity Limited Trustees, Report In order io gustain the fthancial liability of the organisation thJriDg the current aud subsequent Yr$ the following measures have already been t&ken'.- We retrdined two of our drivers to provide in-house trainin . W¢ have ¢nt¢r¢d into an 8Trangom¢nt with an ¢xt¢rnal organisation trj provide fijtther ]nIng that cannot prestutly be delivered by our own stsff. . We've maiutsined a v¢ry mu¢h slimnw staffing strn¢tttre. However. we realist that the present office staff structure of a single post with part time support crI¢S & significant level of risk and vultterabiliiy. Therefore we have introduc¢d Mechanisn that mitigate this risk by providing more additional support when r4uired: this we feel provides built-in resilience. The Board of TtreeS PTovide5 a 5trat¢gi¢ ov¢rvi¢w and also shares in so¢ of the day-to-day decision making wheTe e$sary. . Office staff have a wide Tange of skius that allows them to tsk¢ any of the cU¢Tht posts givitig si8titficallt flexibility. . A review of all sthff training has been collducd to ensur¢ that 411 p¢rsoDll¢l m¢¢t th¢ rwuir¢eThts of their posts and continue to develop and eend their skills. • We've conducted a thorough review of all of our contracts to ensure we fu]ty Ver costs optimis¢ income. . We%Te rationalised the types of vehicles within our fleet ro be more 'fit foT purpose.. . NEAS continue to require us to oper&te using 'Ambulanc¢' standard bus¢s that ar¢ Asi¢r to ¢1¢8n down. . We have made savings by investing in garage equipment which enables us to wry out some ¢xpensiv¢ routi¢ serN'icing and testing of our vehicles ill ho. • We're svstematically engaged in marketing alld networknng to atlTact new bvsin¢sS. The Trustees believe that these measures will create a sustainable and resitient organisation c&pabl¢ of rising to the challenge of this most difficult recovery perlod and wi]] maintain its viability, even in the eveut of worseDiug trading conditions. Structur< Etsv¢rDan¢e nd NU£ ofxoverning North East Equality and Diversity Lilted INBED Ltd.) is coL8tituted a5 a registered charity and a company wider guardntee in accordance IL8 Mellmjtalldum al Articles of As%)ciation dateAJ 16 May 2006 and last 8cled 25 March 2010. Inductiutt undtraining oflrusle¢s New ttU5tees undergo an indiictioll process to brief thejll on their legal obligatioDS under charity and company Ikw, the content of the Memoralldu alld Articles of Association. the con]n]ittee and decision-making process, the busilleis plan a1 recent flllaTLcl performallce of the c]Jarity. Truste are encouraged to attend appropriate ¢xEernal training cvents. OYganisadoAd151niciure Day to day anage£t is vest¢d iti th¢ T8)rt Manager of the charity, who meets with the B0d of Tru5tres th¢ fowtb Friday of ¢v¢ry r[nth. Th¢ TraDSPOrt Matsager n)eets regullY with the ChaiT (i addition to th¢ forrnal m¢¢ttngs) and appraises him of any sigDifi&qllt i&gues th&i arise betweett meetings. PAge 5
North East Equality & Diversity Limited Truste, Report Mujor risks tsnd management of those nwks Riyk Policy The Trustees are responsible for assessing ttLe rnajor risks to which the clwitabl¢ company is exposed and for establishing systems to mittgate those risks. They have cottsidered risks 14thi¢b ¢ould hav¢ a negative effect on the chitabLe Company's ability to pursue its aims, both in of th¢ lik¢lihood of thesE occurring and the probable itllpact of such evets. Th¢ tryst¢es contitnEe to review and tllonitor these and Any new risks and tbe adequacy of the wntrol 5ySt¢nts iti plac¢ to r¢du¢e thenL FIacial In%trumettts ObJEedves (tndpolicies The clwity's uctiyities expose it to a aumb¢r of financial risk5 iThcluding creth"t risl cash flow risk and liquidity risk. The se of finoncial derii'atives is govern¢d by the char]"ty's po]icies approved by tbe board of trnstees which provide writtm principles on the use of financial d¢rivattves to those risks. The clwity does not use financial instruments for s¢latiV¢ purposes. Cashflo¥v Mk The charity's activities expos¢ it to primarily to the finan¢i21 risks of Changes in foreigll currency exchange rat¢$ and interest rates. The charity wes f0T¢l eKhaDg¢ fonvard ¢onttacts and interest Tale swap contracts to hedg¢ these exp05ures. Interest bearing assgts and liabilities are held fixed Tate to ensure certainty of casb flows. Credit rifk The charity's principle flltancial assets are bank balances and ca5b, trade and other receivables, and investments. The charity's credit risk t5 pritikqrily &ttribu¢able to its tradc rctcivabl¢s. The amoullts prcsenied in the balance sheet are net of altowaCeS for doubtful receivables. An allowanc¢ for iinpairnicnt 15 n]adc wbere there is att identified Ioss ¢vent based previo9 eXpIence, is evidence of a rcduction in the recoverabiliry of the cash flows. The credit risk on liquid and derivative financial instrwnents is limited b¢cau6¢ th¢ ¢ount¢rpArties are banks with hj'gh ¢rcilit-ratiDg5 assigtied by international CTedit-rating agencies. The clMTity has no sigllificant concentration of credrt risk with ex[SUre spread over a large of ¢outtterp&rttes al custow¢rs. Lwuidity risk In order to maintain liquidity to ensure that sufficieni llds available for ODgoing op¢rations al futhre developments, th¢ charity uses a tnixtute of long-terni and short-tern debt finaDCe. Furiber details r¢gardillg liquidity risk can be foulld ill the Statement of Accounting Polici ill th¢ financial statements. Statement of tru5tees' responslliiIities The trLL8tees (who are also the dir¢ctors ofNorth Easl Equality & Diversity Lin]ited for the purEX)ses of company law) responsible for preparing the tnt¢' r¢port and the financial statenKllts in e0rd)nce with appIlble law and Utsittd Kingdom Accounting Standards Iunited Kingdo Getterally Accepted Accounting Practice). including FRS l(r2 Yhe Fijkancial ReportAng Stsndard applicable in the LX alld Republic of Ir¢land" Page 6
North East Equality & Diversity Limited Trnstees, Report Company IRW requires the trustees to prepare financi&l ststements for eaeb fitwicial year. Under con]pany law th¢ trustees mllst not approye the fillanwial statemet]ts unless they are satisfied that they give a trne and fair view of the 5tat¢ of affairs of the charitable colnpany and of the illtomillg reS0CeS and application of resources, including its income a[ ¢xpenditwe, of the eblritable ¢ompally for that period. In preparlng tbese fllW)cial statenLents, the trustees e r¢quir¢d 10.. s¢le¢t suitabl¢ acUntIng policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that 8r¢ wson8bl¢ aDd prud¢nL state wh¢th¢r applicable accountiDg staTLdards, comprising FRS 102 have been followel subject to any aterial departur¢s disclos¢d and explaitied ID the fill&ncial stateents. aTLd prepare the Iillancial $tat¢llJ¢ntS OD the going concern basis uoless it ts itiappropriate to presume that the haritable company Fill Continue ill business. The truste¢s ar¢ responsible for keeping proper accounting Tecords that Can disclose with reason&bl¢ wouracy at ally t1£ th¢ fillall¢ial positioTh of the charitable conwy and enable them io ensure that the financial stat¢m¢nts Comply with th¢ Companies Act 2006. They are also responsil)le for safeguarding tbe assets of the charitsble ompany and hence for taling rwoDable steps for tbe prevention alld deetion of fraud gnd other irregularitie5. The trnsteeg are responsible for the maintenall and integrity of the corporate and financial inforntio itLcluded on the chatttable companys websi. Legislation governing the preparation and disserJJination of fuvdncial statements snay differ from legislation in other juti5diction& The Ennual report was approved by the trustees of the clJaTity on 23 Januory 2026 and 9iglled on its behrby. Trustee Page 7
North East Equality & Diversity Limited
Independent Examiner's Report to the trustees of North East Equality & Diversity
Limited ('the Company,)
I report to the chlty trtss DO othermatt¢rs io coDn¢¢tion wtth th¢ ¢xamitiOn to which attention
sbould be drawn in thi8 repori in order to ¢nable 8 proper understanding of thc accounts to b¢ r¢ach¢d.
Qfv4
R Thon)pson
ICAEW
FCA BA(Hons) AtFP
Boroijgb Hall
Ivellway
fvlorpeth
Northumberland
NE61 IBN
23 January 2026
Page 8
North East Equality & Diversity Limiled Statement of Financial Activities for the Year Ended 31 August 2025 {Ineluding Income and Expenditure Account and Statement of Total Reeogllfised Gafins and Losse5) Unrestrieted nds Tot 2D25 Iyote Jncome Endowmellts from: Donations and legacies Charitable activities Other income 70,139 894.895 625 70,139 894.895 625 Total inco¢ 965.659 965,659 xpertditure on: Charitable activities (910,9161 (910,916) Tot21 expendibjre (910,9161 (910.916) Net illcome 54,743 54,743 N¢t mov¢tn¢nt Tn fvttd8 54,743 54,743 Reeonclllation fllttds Total funds brought fortFard (221,07 166,334 221,077 Total funds corried forword 18 166,334 Tot&l 2024 LIDrestricted funds Note Income Endowmtnts frorn: Donations and legacies Charitabl¢ activitits Other in¢om¢ 26,886 831,674 1,041 26,886 831,674 1,041 Total incon 859,601 859,601 Expenditure ott: Charitable xtivities (922,540) (922.540) Total expenditure Nct Gxp¢nditure Net movem¢llt in fiuKIs (922,540 9?2,540 162,939 62,939) (62,939) (62.939) Retonciliation of funda Total fimds brought forward (158,138) (158,138) 221,077 Total funds Carried fonyard All of th¢ charitys activities deriye from continuing operations during the above two p10d. The funds brvakdowll for 2024 is sholvn in note 18. The notrs on pages 12 to 22 forni an integral part of th¢se fjllancial sta*mcThts. Page 9
North East Equalfity & Diversity Limited (Registration number: 05817797) Balance Sheet as at 31 August 2025 2025 2024 Note Fixed Assets Tangibl¢ &8s¢ts 13 95.493 137,626 Current assets Debtors Cash ai batsk and An 1 14 15 13,926 35,626 22,451 50 49,552 22,501 Creditorg: Amounts fallkng due within one year 16 (268J89) 317,150) N¢t ¢yrr¢nt lixbilit$ {218,837 294,6491 Total assets less current Ilabi]itle8 (123J44) (42,990) 166,J34) {157,023) 64,054) Credltori: Aollts falliDg due #fter tttore one year 17 F4et liabilities {221,077 Funds of the charity: Drestricted incowe funds Unrestricted funds (166,334 221,077 Total funds 18 166,334 221,077 For the fin8n¢ial year ending 31 August 2025 the charity wds entitled to exemption from audit under section 477 of the Conwatiies Act 2006 relat(ng to small companies. Directors, respon8ibit1ti.. The rnernbe haye not required the charity to obtain an audit of its a¢counts for the year ID question in accordance with secu¢)n 476. and The dire¢tors knOw1¢dg¢ th¢ir r¢sponsibiiitie5 for con]plyillg with the requirements of the Act with respect to accounting records aDd tb¢ pr¢paration of a¢ts. The financial statements on pages 9 to ?2 were approved by tbe tLUStees, and authorised for issue on 23 JaThuary 2026 and siged on their bebavby.. R Styrfftng Tte¢ The notes on pages 12 to ?a forni an integral part of these financial ststements. Page 10
North East Equality & Dii'ersity Limited Slatement of Cash Flows for the Year Ended 31 August 2025 2025 2024 Flfjte Cash flows from Dperating activities Net cash Incor/{¢xpCndtUre) 54.743 (62.939) Adjustments to cash t]ows from nOD•caJh Iten Depreciation 42,133 96.876 46,919 116,020} Worklllg cApltsl adJustmets Decreasel(]ncree) iti debtors (D¢w¢&5e)liu¢rease iu creditor8 14 16 8,525 (2,578) (4,670) 43.236 Net cash flows from op¢rdting activiti¢s 102,823 22,546 Cash flows from investing #ctivitles PuTchase of tanble fixed assets 13 (49,925) C#5h flows from activities Rep&yment of loatts and m)18S RePall¢llt of capital ¢lem¢nt of fitwice lea8¢s and HP ¢ontra 16 (33,639) (22.659) 8,615 9,108 N¢t ¢ash flows from financing athivities 56,298 17,723 N¢1 iucreasel(decrease) in cash aAd ¢&sh equivalellts 46,525 (9,6561 1,243 Cash and cash equiv&lents at I September {10.899) Cash aud c&8b equivalents at 31 August 35,626 10,899 All of the cash flows are dcrived from coDtswillg operntioL8 durillg the abov¢ two pcriods. Tbe notes on p&ges 12 to 22 forni att part of these frncial stat¢m¢nts. PAgell
North East Equality & Diversity LInted Note5 to the Finaneial Statements for the Year Ended 31 August 2025 I Charlty statu5 The chgrity 15 limited by guarantee, in¢orporated in England and Wales. and consequenily does not Iiave Share capitF41. Bach of th¢ truste¢s is liable to contribute all amount not exc¢cding £1 towards thc ass¢ts of the charity in the event of liquidation. The address of it8 registered office is- Old Fire Station South Road Alnwick Northumberland NE66 2PA These fjtwicial statsmellts were Authorised for issue by th¢ tnJst¢¢s on 23 Janw 2026. 2 Accounting pfrlkcies Sunlmary of 55gnffleAnt aecowitlng pDlicies and key ac¢ountlllg estlmate5 The principal a¢¢owiting policic5 applicd ill the preparatioll of these fu¢la1 statements are set out bclow. These policies have been consistently appli¢d to all the >tars presented. unless otherwise stated. Statement of eotnp]iaDee Tl)e financial ststemeDts have been pr¢par¢d in aceordance Accouniitig and RepLirtillg by Chariti¢s'. Statement of Recommended Prnctice lapplicabl¢ to chl(leS preparing their accounts in aecordmce with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102)) (issued in Octob¢r 2019) - (Charities SORP (FRS 102)). the Finallcial Reportillg Stsndard applicable iu the UK aMI Republic of tr¢]and (FRS 102) ond the Companies Act 2006. Basis of preparation North East Equality & Diversity Litntted meets the definition of& public benefit entity under FRS 102. Assets and liabilities are itiits.ally recognised at his1oTi1 wst or lE5Cli0 value uLle&8 otherwise slated in the relevt accounting policy notes. Going ¢oDcern The finallcial statemellts have been prepared on a going coern bL8is. The trngtees assess whether the use of going concern is appropriatr i.¢. wh¢th¢r th¢r¢ ar¢ aDy material uncertainties related to events or conditions that mas cast significant doubt on the ability of the charity to contillue Lg a Roing Concern. The trustees this &wssrn¢nt r¢spryt of a p¢riod of on¢ yw from th¢ date of approval of the fiThancial statemeuts. Income and endowmellts All income is r¢cogllised once th¢ charity lths entitlement to the income, it is probable that the i]wA)me Thryll b¢ received and the anLount of the income r¢c¢ivable canbe measured reliably. Page 12
North East Equality. & Diversity Llmited Notes to the Financial Statements for the Year Ended 31 August 2025 Donations are reco8ni5ed th¢ charity has been notified in Myiting of both th¢ amouut and settlement date. In the evetst that a donation 15 subject to conditiorL8 thai require a level of perforn)ance by the charity b¢fore thE harity is ettiitled to the funds. the income is dcf¢rrcd and not reeognised until either those conthtions are fully n]et, or the fulfilment of those conditior15 18 wholly within the control of the chaTity and it is probable th&t these ondition8 will be fulfilled in the reporting period. Glfi aid Incomitig resources from tax reclainL8 are included in the Statemetst ofFillancial ActiYit¢s at the tillie as the gift to wkn.ch they relate. Churitsble achvlli&s lttcome from contrdcts for supply of seryicw is rewguised witb the delivery of the traCted $ervi¢e. This is classxfied as ullrestricred fvnds imless there is a contractual Tequirement for it to be spent on A particular purpose and retumed if unspent, in which ca5¢ it regarded as restricte Other theome Vehicle8 donated in kind are TNognised as voluutary income tbere is evidence of entitlement to the gill reIpt is probabl¢ attd th¢ amount ean be nKasured religbly. The vehicle is ¢apitalised as a tattgible fixed asset using the cost value (which is ¢quivalent to the income recognised). Where there is a restriction of purpose or U8e on80ing, then the irLcOo and th¢ asset are rec08lled wlthin Testricted fiuth. Income from donated gcM)ds is mcasurcd at the fair value of the goods ullIe this is ITllpra£tiC to measure reliably, in which cas¢ thc value derived fro the cost the donoT or th¢ ¢stillted Tesale valu#. Donated facilities And seryices ar¢ recognised in the aceouDts when received. if the value call be reliably tneasured. No aolltS are included for thc CODtribution of gencral volutttee. Expenditure Ail ¢XP¢llditure is itcogtiised once there is a l¢ga] or eonstructive obligation lo that expendityr¢, it is probable s¢ttleD]ettt is required and the amount can be m¢asured reliably. All costs are allouted to the applieable ¢xpenditure headllig that aggregate similar costs to that categtsry. costs cannot b¢ directly attTibuted to particular headings tbey haNe been allocated on a basis consisiellt witb the use of resourc¢s, TritlL ¢¢ntral staff costs allocated on tlje basi5 of time steni. and depreciatioo ¢harg¢s allocated oll the portion of th¢ 8s$¢t's us¢. Other 5UPPOrt costs &r¢ ailoGated based on tILe spThd of stsff ¢osts. Charifable qdivlti Charitable expenditure eomprises those costs incurred by th¢ charity ill the delivery of its activities and services for its bencficiaries. It includes Ik)ib costs that Can be aUoc&ed dir¢ctly to such activities and thos¢ ¢osts of an indir¢ct nature n¢ce&8ary to support them. Support tosts Support costs include ¢entrdl fiCtionS I]e been allocated aclivity &t categories on a basis Consistent with the use of resourccs, for example, allocating property costs by floor ar¢as, or peE capitrd, Staff sts by the time spent and other costs by thcir usage. Goverll*nce costs Thes¢ in¢lude the costs attributable to the clwity's compliallec with constitutional and 5tstytory rwUir¢ryThts, including audit, strateC tDana8ement and trteeS nKrtings and reiMbrSCd expell. P&ge 13
North East Equydlity & Diversity Limited Notes to the Financial Stalements for tbe Year Ended 31 August 2025 Taxation The charity is ¢OrLf1d¢d tt) p&s5 tb¢ tests set out in Paragraph I Schethlle 6 of the Firlance Aet 2010 attd therefore it meets the definition of a ¢1]bI¢ company for UK ¢(Trrpgration tax pvrpo?tes. Accorditigly, the charity is potentially exempt from taxation in respcct of incorn¢ or capital gains received within eategtsries covered by Chapter 3 Part I l of the Corporauon Tax Act 2010 01 S¢£tion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains ate applied exclusiv¢ly to c]Jaritable pwposes. T4Dgible fiied ll$5ets llldividual fixed assets costing £250.00 or more initially rexorded at cost. Depreciation and 4mortis4tion D¢prexiation is provided ott tangli )le fixed &8sets so ks to wrile off the cost or Valuatio 14ss any ¢stinled f¢51dU v8lu¢, over their expEGttd useffijl economic life as follows: A$get ela88 Motor vehicles Plant and nwbinery Offi¢¢ equipment Deprttiation method and rate Ov¢r 7 yeaTS straight lille OY¢r 5 years straight line Over 5 years straight line Imp*irment of f¢ 4ssets A r¢view for indicalDrs of impainnent is catrted out at each ryrtillg date. with the recoY¢rdble amount being stitnated where such indicators exist. Where the ca18 value exceeds the recoverable anioun¢ th¢ ass¢t is irnp&ired Cordingly. Trade deblors Trade debtors are atnounts due frojn GustonS for merchalldise sold or services perfornl in the ordinary OUE5e of bu8in£SS. I'rad¢ d¢btor8 are recogDi5ed initi&lly at the trdnsactioll price. Try are subsequently megsured &t amortis¢d cost usiug th¢ ¢ffective interest method, le&g pr0I75ion for illwairnJenL A provigiott for the impaimient of trade debtors is established when there is objective evidence thai the clwity wll not be able to collect all anM)unts due according to the OTInal tenns of tbE reeciY&bles. C#5h And eash equlvalents Cash and cash eqwival¢llts ¢ompEise cash on hand and dcposits, and other sbort-terni highly liquid investments that a readily coDv¢rtibl¢ to a known of casb ar¢ subject to att insigtiificallt risk of change in value. Pxge 14
North East Equalilv & Diversity Limited Notes to the Financial Ststements for the Year Ended 31 August 2025 Borrosvithgs Interest-bearing borrowings are initially Jvcorded at fair value, net of tractIon costs. Intc$t-bEarIng borrowings are subsequently carried at an1$¢d rosu wtth th¢ differellcc between the proceeds, n¢t of trdnsactioll cogts, and tbe amount due on redenJpiion being rxognis¢d as a oharge to the Statement of Financi Activities over the period of the releVt borrowing. Intercst cxp¢ns¢ 18 reCo)Ised on the basis of the efftive Inte8t method and 15 included in illtertst payable gnd similar charges. BotTowings arc c]assified as cumt liabilities unlek the charity on unconditional rigbt to dtfer settletnent of tbe Itability for at Ic&st twclve montlL4 After the rertill8 date. Fund %tructure Unrcstricted income ffijnds are gcncrol fid5 that are available for se at the ttustees discretioll in fiutheraucc of the objectives of the charity. Pen51on5 gnd other post retirement obli£atlons A defined contribuiioll plan is a pension plan under whieh fixed contributions are paid into a pension fid and the company hag tto legal or constrnctive obligation to pay fitrther Contributions even if the fiTnd does not hold sufficient ets ta ply all employees the benefits r¢latiug to ewloy# s¢Tri¢e ID tbe eurrent alld prior periods. Contributiotts to defined contribution plans arg re001$¢d &$ employ¢e benefit expense wtLen they du¢. If Gontributionpayrnents exceed the contribution due for s¢tviee. the ¢xc¢55 is re¢ogtiised as a prepairynellt. 3 InconK don&tions gnd legaeies Unr¢ytri¢tsl Totsl 2025 Tot 2024 G¢nerg1 Donations and legacies" Donations individuals R¢gular giving alld eapitsl donations 500 26,386 70.139 70,139 70,139 70,139 26,886 4 Jncome from ehgritable Activlties LTnrestritted Total 2025 Tot81 2024 General Income from charitable activiti&4 894,895 894,895 831,674 Page 15
North East Equalitv & Diversity Limited Notes to the Financial Statement5 for the Year Ended 31 August 2025 5 Other income Llnrestricted funds Gener41 Totsl 2025 Total 2024 Other tradtng inco¢ 625 625 1,041 6 Expendltmre on charitable attivldes Unrestricted Total 2025 Total 2024 General Note Community transport services Staff costs Allocated support costs Governance costs 331,41hS 518.295 51,297 9,918 331,406 518.295 51,297 9,918 397.252 478,940 38,744 7,604 922,540 910,916 910,916 In addition to tbe eXpellditrc whalysed above. there are also governanc¢ costs of £9,918 {2024 - £7,604) which relate diftctly Éo CIltable actiTrities. Ste tle 7 fot fijrtber derail5. 7 Analysis of g&YerD4nce costs Goverttsnee eost$ fllnd$ Gener41 Totsl 2025 Total 2024 Indepelldent examiner fees Examination of the financial ststements L£gal fces 3.450 6,468 3,450 6,468 3,450 4,154 9,918 9,918 7,604 Pag¢16
North East Equality & Diversity Limited Notes to the Financial Statements for the Year Ended 31 August 2025 8 Net incomingloutgoing resources Net (in¢oming)loutgoiug s5our for the y¢ar include.. 2025 2024 Operating leases - other assets Depreciation of fixed assets 4,907 42,133 7,513 44,928 9 Trnsttt5 remuDerstion &Dd ¢xp¢Dses No trustees, nor ally persons connected with the have rKe]v1 ally r¢ttllmetJtion from the clwity during the 10 Staff costs The &ggregat¢ payroll Costs were as follows: 2025 2024 staff costs during the year wer¢: Wages and salaries Social security costs Pension Costs Other staff costs- pension arrears 474.919 27,429 6,183 9,764 453.737 20,082 5,121 518.?95 478,940 Included in 8taff costs is a pat of £9,764 for peDsion arrears dating back as far as 2016, which had be¢n onunitted frLTrm previous fit)anci81 statemeots uDtil the charity w&$ mftde aware of the arrcars and $¢ttled th¢ balkmce with the pension provider. Th¢ monthly average number of petsoDs (including senior maDagement I Icad¢rship team) employed by the clwity during the year expre&8ed as time equivalents vras as follows: 2025 No 2024 No Staff Employed 35 36 No employ¢c re¢¢iY¢d ¢molwnents of more £60,IMX) durng the year. 11 Independent eiamirter'8 remuneratio 2025 2024 ExaminatioTh of thc financial stat¢ments 3,450 3,450 Page 17
North East EquaIity & Dii'ersity Limited Notes to the Finan¢irdl Statements for the Year Ended 31 August 2025 12 Taxktlon The chariiy is a registered charity alld is therefore exempt from ti]0n. 13 Tangible fixed a95ets Furniture and equipment M&tor vehlcles Totsl C05t At I Septemlxr 2024 7,886 520,598 528,484 At 31 August 2025 7.886 520,598 528,484 DepreciatAon At I September 2024 Cbarge for the year 384,768 40,941 390.858 42,133 1.192 Ai 31 August 2025 7282 425.709 432,991 Net hfjok vallle At 31 August 2025 604 94,889 95,493 At 31 Augv5t 2024 1.796 135,830 137,626 Page 18
Nortb East Equality & Diversity Limited lotes to the Financial Statements for the Year Ended 31 August 2025 A$set5 held under fin&Dce leases hir¢ purchxse rontr8¢ts The llet carryittg amount of tattgible a3sets includes tbe followiti8 amounts ID respect of assets held undEr fjnance leasES attd hire purcb&se colltracts: 2025 2024 Motor vehicles 47,999 57,197 14 Debtors 2025 2024 Trade debtors Prepajrynents Other debtors 12,424 950 552 11,2 1,035 10,124 22,451 13.926 15 Cash ush eqValettts 2025 2024 Cash ott hatsd Ck)th at bank 50 35,576 50 35.626 511 BaDk overdrat 10,949 C&8h and c&8h ¢quival¢nts ill 5tateJn¢ut of ¢ash flows 35,626 10,899 16 Credltors: Amounts f*llillg due wlthln one year 2025 2024 Bank overdrallg BaDk loalls Othcr loans Hire purclLase and fiLance leases Other t&Kation alld sla1 sccwity VAT repavable Other creditots ACenlS 10,949 5.956 131,426 22,660 160,674 {23.198) 5,956 103,744 15,108 144.873 (11,4391 147 io.o(x) 8,682 317,150 268.389 Bank borrowittgi Bounce bAck loan is denominated in with a nominal interest rate of 2.5Y. (2024- £3), and the fillal illstahnent is due on 30 Jllne 2030. The catrylng amount at year end is £28,788 (20J- £34,744). Page 19
North East Equalitv & Diversity Limited Notes to the Financial Statements for the Year Ended 31 August 2025 Other borrowing& North Stsr loan eIllg Amount of £Nil (9024- £5,682) is denornited in & nojninal intrrest rate of 6/0 (2024- 6/.). The ftnal instalment is due on 28 Febnw 2025. 17 Creditors: 4mounts falling due &fter year 2025 2024 Bank loaDS Hire Purchase and finance leascs 22,831 20,159 28,788 35,266 42,990 64,054 Tncludcd in thc ¢T¢ditors th¢ folEowiDg amounts due afier more than five years: ?025 2024 After more thall five years by italents 18 Funds SeptemlKr 2024 Incoming resour¢es Resources expended B&lance 9t 31 August 2025 Unrestriet¢d fvnds General 221,077 965.659 (9AO,916 166,334 Balance at I September 2023 Rcsour¢45 expended BalAtteÈ #t31 August 2024 rfsour¢4¥ Unrestritted fun G¢ller 158,138 859,601 (922,540 (221,077) 19 A Tralysis of net 85sets betwee funds Page 20
North East Equality & Diversity Limited Notes to the Financial Statements for the Year Ended 31 August 2025 Unrestricted fuDds General Total funits V¢t 31 August 2025 Tangible fjxed assets Current L%sets Current liabi]iti¢s Creditors over l year 95.493 49,552 (268,389) 42,990 95.493 49,552 (268,389} {42,990) Total net assets 1166,334 166,334 Unrestrcted fllnds Geners] Totsl funds At JI August 2024 Tangible fixed assets Current assets Current liabilities Creditors over l year 137,626 22,501 (317.150) 64,054 137.626 22,501 (317,150) 64,054) (221,077) Totsl uet assets (221,077) 211 AnglysÉs of net fuDd$ Atl September 2024 FitiAneittg cash At 51 Augu$t Ilows 2025 Cash at baTJk and in hat Bank overdraft 50 (10,949) 110,8991 (137,382) {28,787) 50 35,576 35,626 1109,701) (22.831) 35,266 46325 46,52) 27,681 5.956 Debt due within one year D¢bt due after re tllln one y¢ar Financ¢ l¢ases and hir¢ pu&¢ contrdcts Net debt (234,9941 102,82? (132.172) Ati September 2023 FInring cash Ilows NeTV fin8nce leues At 31 August 2024 Cash at bank and in Illd Bank overdraft 50 .293} 50 10,949 19,656) (1 ?43) (118,089} (39.46n (9,656) (19293) 10.680 (10,899) {137,382) (28,787) Debt due within one year Debt due utler more than one year Finallce le&ses attd bite purch&s¢ ntra¢ts 48,818) 34,080 143,188) 57,920 (234,994 N¢t debt (207,61 15.811 (43,188 Page21
North East Equality & Diversity Limited Notes to the Financial Statements for the Year Ended 31 August 2025 21 Related party tr4ns8ctions During th¢ year tlie ¢h4rity made the folloryD8 r¢lat¢d paty transactions.. VETRA Llmited Th¢ charitable compttny is the only nmber of VEfRA Limtted. a conwany ]imited by guarantee. VBTRA Limited remained dorrn&Dt througknt tbe fjnalleial petiod. Payments oll behalf of VETRA Limited were m&d¢ of £192 in the period120?4- £nil). At th¢ balance sheet date the amowit thie from VETRA Limited w&8 £552 (2024- £360). C W4t50n During th¢ finattcial peri(xl, thc fornLcr Finallce Officer has given the clmitable company interest free loans of £tiil (2024- £nil) alld been repaid loans of £nil (2024- £nil). Th¢ loall8 ar¢ itrterest free atd repable ott demalld. At the balan¢¢ sheet date the alnoutst due to C Watson was £9.091 (2024- £9,091). J Robb During the fttwicial period, the employee given the charitsble company intrrut free loBns of £llil (2024 - £150) and been iepaid loans of £tiil (2024- £llil). The loans ar¢ in¢St free and repayzble on denwid At the balance shect date the amount due lo J Robb was £4(KI (2024- £400). R Styring During the financial perio(L the Chairnjan has given the charitable company ititttest free loans of £20,OLN) (2024 - £34,908) and been repaid loans of £42.IKM) (2024- £15.000). The loans are interest free and repayable on demand. At the balance Bheei date the amount due to R Styriug £94254 (2024- £116254). Page 22
North East Equality & DiTr'ersity Limited Detailed Statement of Financial Activities for the Year Ended 31 August 2025 Total 2025 Total 2024 lJt¢ome and Elldojvments from: Donations and legacies (alIT¢ below) Charitable activities (analysed below) Oth¢r Éncome latulysed below) 70.139 894,89) 625 26.886 831,674 1,041 Tot&1 income 965,659 859,601 Expenditure on: Charitable activities (analys below) (910,916 922,540) Total expettditure Net incomellexpendittwe) N¢t nwvEm¢llt itt funds (910,916) 922.540 54,743 {62,939 54,743 {62,939) Reeoneiliation funds Total funds bn)ught forward 221,077 158,138) (221,077) Total funds carried forward (166,334) This page does not form part of the sttory fiD&neial st&tements. Page 23
North East Equality & Diversity Limited Detailed Statement of Financial Aclivities for the Year Ended 31 August 2025 Total 2025 Total 2024 Donations andlegaci ApplS alkd donatioDS Subscripti0115 SponsoIsbip 500 2,118 24.268 1,646 68,493 70,139 26,886 NCC s¢hool contract Brokerage income NEAS contract Dial a Ride Ne¢d&C Conununity Transport 771,489 685,498 9,700 93.259 31.625 3,761 7,831 79,592 19,997 4,925 18.892 894,895 831,674 Oth¢r incom¢ Other iDCOttLe 625 1,041 625 1,041 Chari¥4ble &¢livili Depreciaiion of motor vebicles Wages and salaries Staff NIC (Employers) Staff pe]]sioDs (Defilled colltribution)- pension scheme I Staff pensioris (AJr¢ars)- P¢lJSiOD ¢[¢ I StAff iraining Voluttteer expeLqes Rent and Tates (40.94I) (474,919) (27,429) (6,183) (9,7641 (801 (1.106) (8289) (14,022) (8,636) (1,698) (45,727) (453.737) (20,082) (5,121) (645) (788) (4,675) {4.571) {2,145) (2,262) (192) (12,5(M)) (1,622) (8551 (7.513) (8,916) (91,951) (42,806) (120,307) Light, heat and pow UTance Repairs and Jnaintenance Repairs and renewals Telcphonc And compiit¢r costs Office erpenses Trnde subscriptions HI of other &ss¢ts (Operdtillg leases) Motor expenses Petrol or die1 Motor insurance Motorr¢pair$ and r¢newals {11,575) (1,030) (667) (4,907) (13.778) (76,563) (40,613) {131,947) This page does not fonn part of the statutory fit]2ncial statements. Pag¢ 24
North East Equality & DiversAty Limited Det¥4ited Statement of Financial Aetiviti&8 for the Year Ended 31 August 2025 Totsl 2025 Totsl 2024 Car hire and leasing expenses {Spothire) TraY¢l and subsistence Advertising Legal and profelOal fees Bad debts written off Bank inler¢5tpayable Other interest payable Hir¢ purchase illterest Depreeiation of plallt and maehinery Loan illterest Independent examiner's fee Legal and professional fees (504) (1,302) (31D (7.728) {46,956) (4,154) (6,608) {6,740) (3,456) (10.421) {7,072) (1,192) (1.922) (3,450) (4,154) (922,540 (1,140) (8.694) (5,016) (1,192) (958) (3.450) (6,468) 910,916) This page does not form part of the statutory fmancial statcm¢nts. Page 25