Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
# **SUNDERLAND BLACK AND MINORITY ETHNIC NETWORK LIMITED**
# **Directors Report and Financial Statements For the period 1[st] April 2020 – 31[st] March 2021**
**Company No. 06825908**
**Charity No. 1130886**
_Prepared By:_
Julie Maxwell MICB 11 Edith Street Jarrow NE32 5HS
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
## **Legal and Administrative**
## **Registered office address**
Sunderland Black and Minority Ethnic Network
30 Tatham Street Sunderland SR1 2QD
## **Company Number: 06825908**
## **Charity Number: 1130886**
## **Officers**
**Rachidy Bikaya - Chair Michal Chantkowski - Secretary Abu Shama – Treasurer**
## **Kamaraeswaradas Ramanathas - Director**
## **Bankers**
HSBC Bank
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 The directors for the purposes of company law have pleasure in presenting their report and the unaudited financial statements of Sunderland Black and Minority Ethnic Network Ltd (The Company) for the period ended 31[st] March 2021
## **Principle Activity**
The objects of The Company are to carry on activities, which benefit the community, and in particular (without limitation)
- To promote the effective use of charitable resources for the benefit of the public and black and minority (BME) charities and voluntary organisations in Sunderland and the North East
- To promote the BME voluntary sector for the benefit of the public in Sunderland and the North East.
## **Statement of trustee’s responsibilities**
The directors for the purposes of company law are responsible for preparing the Directors Annual Report and Financial Statements in accordance with applicable law and UK Accounting standards.
Company Law requires the Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and incoming resources and application of resources, including the income and expenditure, of the company for that year preparing the financial statements the directors are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation
The Directors are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within part 15 of the companies Act 2006.
On behalf of the board
Director Signature …………………………………………………………. Name …………………………………………………..
Date …………………………………………………………………………………
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 **Independent Examiners Report**
I report on the financial statements of The Company for the period ended 31[st ] March 2021.
## **Independent Examiners Statement**
In connection with my examination, no matter has come to my attention:
- (1) Which gives me reasonable cause to believe that, in any material respect, the requirements:
- i. To keep accounting records in accordance with section 386 of the Companies Act 2006; and
- ii. To prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective January 2015);
- (2) To which, in my opinion, attention should be drawn in order to enable to proper understanding of the accounts to be reached.
Date 16/12/2021
Signed
Julie Maxwell – Independent Examiner
MICB 11 Edith Street Jarrow Tyne and Wear NE32 5HS
This page does not form part of the statutory financial statements
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 **Income and Expenditure Account**
## **Period ended 31/03/2021**
|Income
Expenditure
**Operating Surplus**
**Interest receivable and similar income**
**Surplus on ordinary activities before**
**taxation**
Tax surplus on ordinary
activities
3
March 2019 (20%)
**Surplus of the financial year**|**2021**
_£_
70,744
12,812|
|---|---|
||57,932|
||57,932
0|
||57,932|
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 **Statement of Financial Position**
## **period ended 31/03/2021**
|**Income**
Grant Income
Other Income
Bank Interest
Misc Income
Total Income
**Payments**
Staff Costs
Running Costs
Governance
Events
Travel and Subs
Consultants
**Total Payments**
**Net Receipts**
Transfer between funds
Balance at 01/04/2020
**Balance at 31/03/2021**|**2021**
**2021**
**2021**
**Restricted**
**Income £**
**Unrestricted**
**Income £**
**Total £**
40,289
30,454
70,743
0
0
0|**2020**
**Total £**
0
0
100|
|---|---|---|
||**40,289**
**30,454**
**70,743**
7,026
0
7,026
1,382
0
1,382
0
883
883
1,200
0
1,200
262
0
262
2,058
0
2,058|**100**
218
1167
350
1709
35
885|
||**11,928**
**883**
**12,811**|**4,363**|
||**28,361**
**29,571**
**57,932**
**-4,263**||
||**8282**
**-121**
**8,161**|12424|
||**36,643**
**29,450**
**66,093**
**8,161**||
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
|**Balance Sheet as at 31/03/2021**
**Fixed Assets**
**Current Assets**
Debtors
Deposits at Cash and Bank
**Current Liabilities**
Creditors: Short Term
Prepayments
**Current Assets less Current Liabilities**
**Total Assets less Current Liabilities**
**Long Term Liabilities**
**Total Assets Less Total Liabilities**
**Represented By:**
Balance Bfwd
Profit and Loss Account
**Balance**|**2021**
**£**
66,617
350
174|**2021**
**£**
0.00
66,617
524
66,093
66,093
0|
|**2020**
**£**
175
8,336||**2020**
**£**
0.00
8,511
350
8,161
8,161
0|
|---|---|---|---|---|---|---|
|||||350
0|||
||||||||
|||**66,093**||||**8,161**|
|||8,161
57,932||||12,424
-4,263|
|||**66,093**||||**8,161**|
- (A) FOR THE YEAR IN QUESTION, THE COMPANY WAS ENTITLED TO EXEMPTION (UNDER SECTIONS 475 AND 477 OF THE COMPANIES ACT 2006);
- (B) NO MEMBER OR MEMBERS ELIGIBLE TO DO SO HAVE DEPOSITED A NOTICE REQUESTING AN AUDIT WITHIN THE SPECIFIED TIME PERIOD; AND
- (C) THE DIRECTORS ACKNOWLEDGE THEIR RESPONSIBILITIES FOR COMPLYING WITH THE REQUIREMENTS OF THE COMPANIES ACT 2006 WITH RESPECT TO ACCOUNTING RECORDS AND FOR PREPARING ACCOUNTS WHICH GIVE A TRUE AND FAIR VIEW OF THE STATE OF AFFAIRS OF THE COMPANY AS AT THE END OF THE FINANCIAL YEAR AND OF ITS PROFIT OR LOSS FOR THE FINANCIAL YEAR IN ACCORDANCE WITH THE REQUIREMENTS OF SECTIONS 394 AND 395 (DUTY TO PREPARE INDIVIDUAL COMPANY ACCOUNTS AND APPLICABLE ACCOUNTING FRAMEWORK), AND WHICH OTHERWISE COMPLY WITH THE REQUIREMENTS OF THE COMPANIES ACT 2006 RELATING TO ACCOUNTS, SO FAR AS APPLICABLE TO THE COMPANY.
- (D) THESE FINANCIAL STATEMENTS HAVE BEEN PREPARED IN ACCORDANCE WITH THE SPECIAL PROVISIONS FOR SMALL COMPANIES UNDER PART 15 OF THE COMPANIES ACT 2006 AND WITH FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES
Approved by the Board for issue on ___________________
Director Name ………………………………………………………. Director Signature …………………………………………………….
Company No. 06852908
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 Notes
## **1. Accounting Policies**
## **1.1 Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008)
## **1.2 Income**
Income from fees is recognised in the accounts when invoiced unless it relates to future accounting periods, in which case it is deferred and included in creditors
Grants / Income receivable are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate specifically to a future accounting period, in which case, they are deferred.
Where a grant is received relating to a future accounting period, the profit and loss account shows the gross amount together with the changes in the amount deferred to future accounting periods. Deferred grant income at the year-end is included in creditors.
## **1.3 Expenditure**
Expenditure is brought in to the financial statements on the accruals basis
## **1.4 Tangible fixed assets and depreciation**
Fixed Assets are initially recorded at cost
Depreciation is calculated so as to write off the cost of the assets, less its estimated residual value, over the useful economic life of that asset as follows:
20% straight line
## **2 Operating Profit**
**2021 £** Operating profit is stated after charging: 57,932 Depreciation of owned fixed assets 0
Operating profit is stated after charging: 57,932
57,932
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
## **3 Taxation on ordinary activities**
**2021 Current Tax £** Tax based on period 31st March 2021 0 Amount written back from previous period 0 Tax Charge to Income and Expenditure 0 **4 Tangible Fixed Assets** £ Net Book Value on transfer 0 Additions in period 0 Cost at 31[st] March 2020 0 Depreciation Charge for year 0 Total as at 31[st] March 2021 0 Net Book Value At 1[st] April 2021 0 **5 Debtors: 2021** £ 0 £ 0 **6 Creditors: falling due in one year 2021 £ Trade Creditors** Accruals - Accounts 350 Other 174
## **4 Tangible Fixed Assets**
**----- Start of picture text -----**
524
**----- End of picture text -----**
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
## **7. Funds**
|**Restricted**
UK Community Found
Sunderland Culture
Big Lottery
BLF City Without Barriers
**Unrestricted**
**Total Funds**|**_Balance at 1st_**
**_April 2020_**
**_Receipts_**
**_Payments_**
**_Transfer_**
**_Balance at 31st March_**
**_2021_**
19,974
1,823
18,151
10,975
984
9,991
9,340
839
8,501
8,282
8,282
0|
|---|---|
||8,282
40,289
11,928
0
36,643
-121
30,454
883
0
29,450|
||8,161
70,743
12,811
0
66,093|
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Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886
## **Income and Expenditure Account 31/03/2021**
|**Income**
Charities Aid Foundation (CAF)
100.00
Sunderland City Council
5,741.00
UK Community Found
19,973.80
Sunderland Culture
10,975.00
Big Lottery
9,340.00
Sunderland City Council
24,613.00
**Direct Expenses**
Staff:
Development Worker
0.00
Outreach Worker
0.00
Healthy Steps
1,200.00
Other Staff
7,026.41
Consultants
2,057.80
**Gross Profit/(Loss):**
**Overheads**
Annual Accounts
700.00
Travel and Subs
262.00
Marketing
398.80
Telephone & Broadband
649.12
Rent
0.00
Insurance
0.00
Fees and Subs
275.89
Photocopying and Printing
7.40
Awards of All Events
0.00
Healthy Steps Events
0.00
Stationery
0.00
Volunteer Expenses
0.00
Sundries
51.24
Governance
0.00
Professional Fees
183.00
Evaluation
0.00
**Net Profit/(Loss):**|**70742.80**|
|---|---|
|||
||**10284.21**|
||**60458.59**|
|||
||**2527.45**|
||**57931.14**|
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