Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charty No. 1130886 SUNDERLAND BLACK AND MINORITY ETHNIC NETWORK LIMITED Directors Report and Financial Statements For the period 1st April 2024- 31st March 2025 Company No. 06825908 Charity No. 1130886 Prepared By.. Julie Maywell MICB 11 Edith Street Jarrow NE32 5HS 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 SRI 2QD Company Number: 06825908 Charity Number: 1130886 Officers Kumareswaradas Ramanathas Abu Shama Rachidy Bikaya Lacina Diabate Julia A Wysocka Bankers HSBC Bank 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, March 2025 Principle Activity The object5 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 forthe 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 grve 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 irregulartties. 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 Dirertor Signature .....,. .. Date .... 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"March 2025 Independent Examiners Statement In connection with my examination, no matter has come to my attention: {11 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 Charities SORP {FRS 102) (21 To which, in my opinion, attention should be drawn in orderto enable to proper understanding of the accounts to be reached. Signed Date 0310412025 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 Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 Income and Expenditure Account Period ended 3110312025 2025 Income 112515 Expenditure 97552 Operating Surplus 14962 Interest receivable and similar income Surplus on ordinary activities before taxation 14962 Tax surplus on ordinary activities March 2019 (20%) Surplus of the financial year 14962 Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 ststement of Financial Position period ended 3110312025 2025 2025 2025 2024 Restritted Income £ 107,363 Unrestricted Income £ 3,752 1,400 Income Grant Income Other Income Bank Interest Misc Income Total £ 111,115 1,400 Total £ 84816 1269 Total Income 107,363 5.152 112.515 86085 Pa ments Staff Costs 46,974 46,974 33145 Running Costs 5,083 331 5,414 7404 Governance 450 450 150 Direct Expenses 44,320 42 44,362 46065 Travel and Subs Consultants 252 loo 352 303 Total Payments 97.079 473 97.552 87.067 Net Receipts 10,284 4.679 14,963 -981 Balance at 01/04/2024 13239 13,239 14220 Balance at 3110312024 10.284 17,918 28,202 13,239 Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 Balance Sheet as at 3110312025 2025 2025 2024 2024 Fixed Assets 0.00 0.00 Current Assets Debtors Deposits at Cash and Bank 28,657 13,594 Current Liabilities Creditors: Short Term Prepayments 455 355 455 355 Current Assets less Current Liabilities 28,202 13,239 Total Assets less Current Liabillties 28,202 13,239 Long Term ￿abilItieS Total Assets Less Total Liabilitles 28,202 13.239 Represented By: Balance Bfwd Profit and Loss Account Balance 13,239 14,220 -981 13,239 28,202 For the Financial Year in question, The Company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required The Companyto obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The Direttors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting periods and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102 SORP Approved by the Board for issue on Director Name. Director Signatu Company No. 06852908 Charity No. 1130886 Notes Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 Accounting Policies Accounting Corniention These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 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. Expendlture Expenditure is brought in to the financial statements on the accrua15 basis Tanglble 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 va5ue, over the useful economic life of that asset as follows.. 20% straight line 2 Trading Profit and Losses 2025 Balance B/Fwd 13,239 Profit5 used against trading profits 14,963 28,202 Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 3 Taxation on ordinary activities 2025 Current Tax Tax based on period 31st March 2021 Amount written back from previous period Tax Charge to Income and Expenditure 4 Tangible Fixed Assets Net Book Value on transfer Addttions in period Cost at 31" March 2024 Depreciation Charge foryear Total as at 31" March 2025 Net Book Value At I" April 2025 5 Debtors.. 2025 6 Creditors: falling due in one year 2025 Trade Creditors Accrua15- Accounts Other 450 450 Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 7. Funds Balance at IstApril 2024 Balance at 31st March 2025 Receipts Poyments Tmnsfer Restricted The National Lottery Community Fund- Reaching Communities Northeast and Cumbria HSF111 and IV Northeast BIC 47,479 45,888 13.996 107,363 43,972 40.253 12.853 97,078 3,507 5,635 1,143 10,285 Unrestricted 13.239 5.152 473 17.918 Totsl Funds 13.239 112.515 97.551 28,202 101 Page Sunderland Black and Minority Ethnic Network Limited Company No. 06825908 Charity No. 1130886 Income and Expenditure 2025 Income Restricted Unrestricted Total The National Lottery Community Fund Reaching Communities North East and Cumbria, 47,479 43,131 2,757 13,996 47,479 46,883 2,757 13,996 400 Sunderland City Council HSF ICOS - HSF Underspend North East BIC 3,752 The Angelou Centre 400 Sunderland City Council New Horizon other 1,000 1,000 107,363 5,152 112,515 Direct Expenses Delivery Partners - HSF III IV Delivery Partners - HSF 6 Events Staff Costs (Inc Ni ) Consultants Training Total Direct Expenses 865 39,388 1,650 46,974 2,200 217 9J,294 865 39,388 1,650 46,974 2,242 217 91,336 42 42 Gr05s Profitl(Loss): 16,069 5,110 21,179 Overheads Annua5 Accounts Telephone & Broadband Rent Insurance Fees and Subs Sundries Equipment Professional Fees 450 247 2,746 468 979 643 450 510 2,776 468 979 681 263 30 38 252 loo 352 Total Ovetheads 5,785 431 6,216 Total Expenditure 97,079 473 97,552 Net Profitl(Loss): £10 284 £14 962 111 Page