Charity number: 1136057 LANCASHIRE BME NETWORK- TRADING AS INCLUSIVE NORTH (Charitable Ineorporated Organlsatlonl TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Oryanisatlonl CONTENTS Page Reference and administrative details of the charity. its trustees and advisers Trustees, report Trustees, responsibilities statement Independent examinerfs report 10- 11 Statement of financial activi¢ies 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-27
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH Icharitable Incorporated Organisation) REFERENCEANDAOMINISTIIATIVE DETAILS OF THE CIO, ITSTRUSTEES ANDADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees Adam Sidal aroon Asghar Sadar Uddin Zuleka Dala Alina Lord Jordan Richards Company registered number 04865661 Charity registered number 1136057 Registered office Suite 405 Daisyfield Business Centre Appleby Street Blackburn Lancashire BB13BL Accountsnts WAccountanls Limited Chartered Certified AcGountanls The Boulevard Centre 45 Railway Road Blackbum Lancashire BB11EZ Bankers The C¢>operative Bank PIC PO Box 250 Delf House Soulhway Skelmersdale WN86 Page 1
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Truste8s presènt Iheir annual r8POrt tog8th8r with the financial stal8m8nts for th8 1 S8plember 2024 10 31 August 2025. The Trustees Confimi that the Annual Report and financial statements of the CIO ¢omply with the current slatLrtory requirements, the rtquirements of the CIO'S goveming document and the provisions of the Slalement of Recommended Practice ISORPI. applicable to eharities preparing their accounts in accordance wfth the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 Objectives and Activities a. OBJECTIVES In setting objectives and planning for activities, the Trust8&s have given due consideration to general guidan published by the charity commission relating lo public benefit. The objectW8s of th8 charitable company are lo advance the education of the public, primarily bul not exclusively the Asian. African. Caribbean, and other minority ethnic communities Iri the county of Lancashire, by whatever charitable means the board of trustees think fit, wf(h the object of improving the condilions of life of the said beneliciaries. b. ACTIVITIES FOR ACHIEVING OBJECTIVES Th@ following activities are used for aehieving our objectives.. Training Courses Networking rneetings & events Representation & voice Research and consullalion Organisalional development Stralegy development Governance support Partnership working Funding advi Health Equity work Advice and Guidance Capacty Building Employment Support Wellbeing SeNices Ra & Equality work Grant making We would like to thank all of our funders, supporters and stakeholders who have made il possible for us lo d&liv8r our services and activities in the last year. c. VOLUNTEERS LBN had 87 registered volunteers in the year 2024-2025 and they eontributed lo the overall tunning of the org8nisation. Page 2
LANCASHIRE 8ME NETWORK-TRADINGAS INCLUSIVE NORTH (Charitable Incorporated Organisationl TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 Strategic report Achievements and performance a. REVIEW OF ACTIVITIES Chief Officers ReporL' The past year has been one of both progress and change for Inclusive North. We have strengthened our role as a voice for race equality across the region, while navigating a challenging financial climate and making important slruclural changes to support our long-term sustainability. An important milestone was our transition from a registered charity and limited company to a Charitable Incorporated Organisalion ICIOI. This change simplifies governance, reduces administrative burden. and slrenglhens our accounlabilily under a single Charity Commission framework. Sadly, we also Saw the Closure of our Wellbeing Counselling Service in April 2025 due lo lack of sustainable funding. This service played a vital role in supporting racially minorilised communities, and ils loss is deeply felt by all involved. We remain commf(ted to advocating for equitable access to culturally competent mental heatth support and to exploring future opportunities in this area. We continue to face funding challenges alongside growing demand for our work. Despite these pressures, our Gommittnent to race equality remains unwavering. In the year ahead. we will deepen community engagement, expand our training and research capacity, and strengthen partnerships that drive systemic change. I would like to thank our staff, volunteers and supporters for their dedation throughout the year. We will continue to strive for change and a brighter future. Naz Zaman Chief Officer Achievements and Performance Talk Me Happy (Wellbeing Services) This service offers a culturally sensitive, bilingual service. It has 3 primary functions lo provide 1..1 counselling support, provide a befriendinglbereavement seNiee and community inletvenlions such as group therapy which helps lo reduce stigma around the subject matter and lo also increase uptake of mainstream provision. To date over 900 individuals have accessed our services with Ih@ majority reporting an improvement in their emotional and mental wellbeing. The wellbeing setvi¢e is now 0redited by BACP and 15 also commissioned by the NHS lo deliver IAPT services. Unfortunately, this service closed in March 2025 due lo being unable lo secure further funding. Transformatlon- ICB, Spring North Funded by the ICB via Spring North. this project is to transform Communily Mental Health services for SMI (severe mental health issues) clients. This funding has supported an additional 12D clients and Shown improvement for 80% of the clients that have acSSed the service. MPACE {Macmillan Preston Area Cancer Engagement) Funded by Macmillan Cancer Support, this project is aiming to raise awareness and increase access to cancer servi5 particularly for those who identify as BME and live in Preston. Project Managers supporting with recruitment and development of project offKers. Volunteer Coordinator recruited and promotion for volunteer5 is underway. Pag&3
LANCASHIRE BME NETWORK- TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 YEF Iyouth Endowment Fundl- Peer Action collel¥e Consortium-based piojecl. working with Blackburn with Darwen Healthy knving and Child Action Northwest to iclenlify the cause and reduce youth violence in Lancashire through research and social action. Foundation stage research has taken place which revealed 4 key lindlngs that were shared in our stskeholder dissemination event, this will feed into the foundation 80cial action project and the development stsgg r8se8rch. Changemak8r volunteers. recruitment is ongoing. Regenerage Commissioned by Regenerage to develop and disseminate Iheir grants program lo Lancashire based organisalions that work with people with rnemory i5sups. The Grants proGBss including development of applicalior) process. criteria and all social marketing of the grants program was und&rtaken by the t&am and ran 5uccessfulty. StrategicAlliance Wealth Building 2 Community Wealth Building workshops have been deliVed in partnership with CLES in Blackbum and Preston to cover the East and Central Lancashire areas. Atterndan al both workshops generated healthy discus5w)ns around the work VCFSE could gel involved in to build community wealth through targeted work within the comrnunilies they serve and the key stakeholders who hold thè funds and have processes of devo[ng funds to help build community weatth. Pathway Inclusive North has been successful in acquiring the role of Intermediary for the Pathway Fund. A Programme Manager and Project Officer are in post to deliver the Pathway Enterprise Development Grants aimed al small ticket, minori115ed led VCFSE organisalions across Lancashire. This programme is to help the sector develop entrepreneurial approaches to help their sustainability and continuity of support lo tho communities they serve. Egality-D-CYPHR Inclusive North have partnered with Egality to support with increasing the BRM representsli)n In medic81 research. We have held commvnily stalls to increase visibility and continue to support the project by promotion on our socials. Influence and Representation UCLAN- GRACE The University of Central Lancashire IUCLANI ha5 teamed up with Lancashirè BME N&lwork ILBNI in 8 bid to strengthen the support and opportunrties available lo marginalised communtties living in the Gounty. The Phoenix Way Working with our delivery partners in Greater Manchester. Merseyslde and Cheshire, promoti The Phoenix Way, lo address the structural inequalities that Black and racially minorilised communities and communily-led organisalions face in influencing and aGcessing funding. Follong nets0rk meetings and presentations from LBN, we have created increased interest in funding applications from the Northwest. There were 84 appli¢alions for the 2nd round of funding, the 2nd highest after London. Networking events in Lancashire to incr@ase awareness of the project and engaging with community organi5alions to carry out research for influencing a change in grant making. Independent Race & Equality Partnership {IREPI Specialist advtsory body which will Influen slalutorylpublic decision-making and hold public bodies lo &counl. Financlal review a. GOING CONCERN Page 4
LANCASHIRE 8ME NETWORK-TIUDING AS INCLUSIVE NORTH {Charitable Incorporated Organisationl TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 After making appropriate enquiries, the Iruslees have a reasonable expectation that the CIO has adequate resources lo continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. RESERVES POLICY The Iiuslees have agreed a reseNes policy to hold the equivalent of approximately six months, operating costs. These reserves are intended lo provide finanGial slabilily and ensure continuity of operations in the ever)t of delays or shortfalls in funding. The purpose gf reserves is lo enable the charity lo mèet Its financi81 obligations. including day-lo-day funning costs, staff salaries, redundancy commitments and ¢onlractual liabilities. whije alternative funding 18 secured or organisalional adjustments are made. Reserves ale held in designated accounts and are reviewed regularty by the trustees as part of financial monitoring and planning. The Iruslees consider the level of reserves to be appropriate given the funding environrnenl, income volatilty and the charity's commltments lo staff, beneficiarie$ and delivery partners. ¢. SURPLUS The CIO made a defiGil of £170,528 to August 2025 {2024 8 deficit of £145,025). These deficits have been planned for the last 2 years. The primary two reasons for these planned deficits was lo fund key projects whlch a5ign with the CIO'S objectives as well as a change in the funding cliwnate over the last few years. Therefore reserves have been ulilised lo bridge the gap in some projeclsl seTvices. P8g8 5
LANCASHIRE BME NETWORK- TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 Structurei governance and management a. CONSTITUTION The charity is registered as a Charitable Incorporated Organisalion {CIOI (charity number 11360571. The organisation was originally established as a chaiitable company limited by guarantee by Memorandum of Association dated 14 January 2010. On 18 September 2013, the Charitable company changed its narne from Lancashire Black and Minority Ethnic IBMEI Pact Ltd to Lanc2shirè BME Network Ltd. The ¢haritable eompany merged with Lancashire Women's Network Icharily nLJmber 10881251 on 31 JU 2014. On 17 Septemb&r 2024, the organisalion Converted from a charbtable Company limited by guarantee lo a Charitable Incorporated Organi5alion ICIOI and continue5 to operat& under the name Lancashire BME Network (TIA Inclusive Northl. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Under the CIO conslilulion adopted on 17 September 2024, charity trustees are appointed by iesolulion of the Board of Trustees for a tetm of three years. The Board ensures that there are no fewer than three and no more than nine Irusle8s al any time. In selecting individuals for appoinlmenl, the trustees consider the skills. knowledge and experienco requiied lo support the effective governance and strategic direction of the organisation. The Board maintain5 a skills matrix and undertakes periodic reviews lo ensure an appropriate mix of expertise, lived experience and independen. Trustee recruitment takes place when vacanci8s arise or where the Board identifies specific skills gaps. Prospg¢live trustees are invited to express interest and may be asked to complete an application and mt wilh existing trustees before appointment. As set out in the CIO conslitulion, the members of the organisation 8re ils chartty tru8tees. and membership cannot be Iiansferred. c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Following appointment. all new Iruslees r8c&iv8 a structured induction aligned with the CIO constitution. This includes provision of the current constitution, the most recent Truste8s' Annual Report and the latest statement of accounts. New trustees are required to complete key governance documentation, including a declaration of inleresls, confidentiality agreement, trustee details form and fit and proper person declaration. Trustees are also asked to confirm a¢ceplance of Ihtr ITuslee role and responsibiltiies. An induction meeting is arranged to familiarise trustees wilh the organisalion's strategy. gov8rnan¢e fram&work, policies, operational activity and regulatory responsibilttie8. Ongoing training and development is provided where required to ensure trustees maintain the skills and knowledge neSSary to fulfil their duties effectively. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity is governed by its Board of Trustees, who are responsible for the overall management, strategic direction and compliance of the CIO. The trustees are also the members of the CIO. The Board exercises all Page 6
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH Charitable Incorporated Organisationl TRUSTEES. REPORT Icontinuedl FOR THEYEAR ENDED31 AUGUST 2025 powers of the organisation iri accordance with the constitution and meets regularly to sel strategy, monitor perfomance, oversee financial management and manage risk. Day-Io&day operational management is delegated to the Chief Officer, who leads the staff team and is responsible fr)r implementing the strategy and decisions agreed by the Board. The trustees may establish sub-groups or delegate specific responsibilities where appropriate, while retaining overall responsibility for governance and d@cision making. e. RISK MANAGEMENT Thè Board of Trustees has overall responsibility for the management of rtsk within the CIO. Trustees regularly review the major risks lo which the oiganisation is exposed and are satisfied that appropriate systems and procedures are in place lo mitigate these risks. Risk management is embedded within strategic planning. financial monitoring and operational oversight. The charity maintains a risk register which is reviewed periodically and covers key risk aieas including govemance, finanGial suslainabiliiy, complian, operational delivery 8nd external environment. The trust$ work closely with the Chief Offic&r to identify emerging rÉsks and implement mitig81ion actions. Vvhere appropriate. specific pleS of work may be delegated lo sub-groups or time-limiled task and finish groups, while the Board retains overall responsibility. Key risks identrfied include.. Govern8nce- ensuring clear strategic direction, effective oversight and sliong decision making * Financial suslainabilily- managing dependency on limited income sources and maintaining adequate reserves Mitigation actions include Strateg planning, diversification of income. financial moniloring, reseNes management, stakeholder engagement and regular review of policies and procedures. Plans forfuture periods a. FUTURE DEVELOPMENTS The trustees recognise the continuing demand for Sustained ¢apacity-building support fcir frontline organisations working with iacially minDrilised communities across Lancashire. Building on learning from current programmes. the chaiily will focus on strengthening ils organisalional offer to better support grassroots and Community-led organisations lo develop resilience, sustainability and influence. A key priority for the coming period is the development of a structured Pacity-bU11di Dff&r aimed at frontline organisalions. This will inclLtde organisalional development support, governance strengthening, a¢¢èss lo funding advice. peer learning opportunities and practical too15 that enable organisations to grow and sustain their impact. To support this work, the charity will priorilise securing longer-term fundlng of between threè and fiv@ year5. Mulli-year investment will enable the organisalion lo plan straleglcally. provide conlinuiiy of support to the seOr and scale activity in response to need. Alongside this, the organisation will invest in upskilling its staff team and contributing lo the development of skills across the wider voluntary, communty and SOGial enterprise sector. This will include training, knowledge sharing, leadership development and 5peGialist support aligned with sector n@8ds. The trustees will also lead the development of a refreshed organisalional strategy with a clear and explicit focus on race equity. This strategy will strengthen the organisalion's role as an infrastructure and influencing body, ensuring that lived experien, community voice and equity are embedded across programmes, partneTships ané decisiorFm8king. Page 7
LANCASHIRE BME NEfwoRK. TRADING AS INCLUSIVE NORTH (Charitable Incorporated OrganEsationl TRUSTEES. REPORT Icontinued) FOR THE YEAR ENDED31 AUGUST2025 These priorities are intended to slr8ngthen organisalional sustainabilty, dèepen impact and position the charity to respond effectively lo emerging ¢hallenge5 facing racially minoritised communities and the organisations that support them. In preparing this report. the Trustees have taken advantage of the 8mall companies èxemptions provided by section 415A of the Companies Act 2006. This reportwas approved by the Trustees. on and Signed on their b8h81f b. Trustee Trustee Jordan Richards Adam Sidat Page 8
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH Icharltable Incorporated Organisationl TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST 202S The Trustees (who are also directors of Lancashire BME Network for the purposes of company law) are responsible for preparing the Trustees, report and the finanGial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they giv@ 8 twe and fair view of Ihe slate of affairs of the charitable ctrmpany and of the incoming resources and application of resources, including the income and expenditurè, of the charitable company for that period. In preparing these financial slalements, the Trustees are required lo.. s818cl suitable accounting policies and then apply them consistently., observe the methods and principles oflhe Charities SORP. makejudgments and accounting estimates that ale reasonable and prudent- slate whether appliGable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalements., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will wnlinue in operation. The Tru51ees are responsible fDr keeping adequate accounting reGords that are sufficient lo show and &xplain the charrf(able company's transactions and disclose with reasonable accuracy al any lime the financial position of the charitable company and enable Ihem to ensure that the fin8nci81 Statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of the chaiilable company and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities. The Trustees are responsible for the maintenance and integrty of the cotporale and financial inforrnalion included on the charitable company's website. LegFslation in the Unrfced Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Page 9
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH ICharitab18 Incorporated Organtsationl INDEPENDENT EXAMINER'S REPORT FOR THE YEARENDED31 AUGUST2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASHIRE BME NEfwoRK- TRADING AS INCLUSIVE NORTH Ithe'eharitable company'l I report lo the charity Trustees on my examinallon of the accounts of the Charitable company for the year ended 31 August 2025. This report is made solely lo the CIO'S Trustees, as a body, in accordance with Part 4 of the Chariiies (Accounts and Reports) Regulations 200B. My work has been undertaken so that I might stste lo the CIO'S Trustees thosè mallers l am required to state tD them in an Independent exarninerfs report and for no other purpose. To the fullest extent petrnitted by law, I do not a¢¢epl or assume responsibility to anyone other than the CIO and thé CIO'S Trustees as a body, for my work or for this report. RESPONSIBIUTIES AND BASIS OF REPORT As the Trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the . Having satisfied myself that the accounts of the CIO are not rèqulred lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of th& CIO'S accounts carried out under section 146 of th8 Charities Act 2011 Ilhe 2011 Act'l. In carrying out my examination I have followed the DirelOn$ given by the Charity Commission under section 14515llb} of the 2011 Act. Page10
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl INDEPENDENT EXAMINER'S REPORTlcontinuedl FOR THE YEAR ENDED 31 AUGUST 2025 INDEPENDENT EXAMINER'S STATEME Since the CIO'S gross income 8xceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member ol Association of Chartered Certrfièd Accountants. which is one ofthe listed bodies. I have completed my examination. I can confirm that no matters have come lo my attention in connection with the examination olving me cause lo believe.. accounting records were not kept in respect of the charitable company a8 ruired by section 386 of the 2006 Act.. or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 20C6 Act other than any requirement that the accounts give a 'lrua and fair, view whi¢h is not a matter considered as part of an indepenclenl examination., or the aecounls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 10211. I have no con¢ems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. CrI Signed.. Datd.. 2310612026 Courtney Wright BA FCCA For and On Behalf of CW Accountants Limttsd Chartered Certified Accounlanls The BouEev8rd Centre 45 Railway Road Blaekbum Lancashire BB11EZ Page11
LANCASHIRE BME NEfwoRK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisatlon) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tol81 funds 2024 Note INCOME FROM: Charitable actNitie8 359,397 49,307 408,704 470,477 TOTAL INCOME 359,397 49,307 408.704 470,477 EXPENDITURE ON: Charitable aclivfcies 499,1L 80,126 579.232 615.502 TOTAL EXPENDITURE 499.106 80.126 579,232 615.502 NET EXPENDITURE 8EFORE TRANSFERS Transfers between Funds (139,709} 130,8191 {$91 1170,5281 (745.025J 10 NET EXPENDITURE BEFORE OTHER RECOGNISED GAINS AND LOSSES 1139,6SOI 130.878} {170,528) {145,025J NET MOVEMENT IN FUNDS {139.6501 130,8781 (170,528} (145,025) RECONCILIATIONOF FUNDS: Total funds brought forward 162,449 224,223 386,672 531,697 TOTAL FUNDS CARRIED FORWARD 22,799 193.345 216.144 386,672 The note5 on pages 15 10 27 form part of these financial statements. Page 12
LANCASHIRE BME NETWORK- TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl REGISTERED NUMBER: 04865661 BALANCE SHEET ASAT 31 AUGUST2025 2025 2024 Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 1.468 224,519 10,417 392.6Q7 225,987 403.024 CREDITORS: amounlsfalling due y¥ithin on8 year {9,843} (16,352) NET CURRENT ASSETS 216,144 386,672 NET ASSETS 216,144 CHARITY FUNDS Restricted funds Unrestricted funds 10 10 22,799 193,345 162,449 224,22J TOTAL FUNDS 216.144 386, 67 The charitable company's financial 51alemenls have been prepareol in accordance wf(h the provisions applicable lo companies subject lo the small ¢omp8nies regime. The Trustees consider that the charitable company is èntitlèd to exemption from the requirement to have an audit under the provisior)s of section 477 of the Companies Act 20061"Ihe Act l and members have not required the charitable company to obtan an audit lor the year in question in accordance with section 476 ofthe Act. The Trustees acknowledge their re5ponsibililiès for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prepaTalion of financial statements. The financial 51atemenls have been prepared in acGordance with the provisions applicable to small Gompanies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Starard for Smaller Enlilies (effective April 20081. The financial statements We approved and aulhorised for issue by the Trustees on signed on their behalf. by.. ££/oG/£o£G and Trustee JJIlA Trustee The notes on pages 15 to 27 form part of these financial slalemenls. Page13
LANCASHIRE BME NEfwoRK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated OTganisation) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2026 2025 2024 Note Cash flows from operating activltles Net cash used in operating activities 12 1168.0881 (138,306J Change in cash and eash equivalents in thè year Cash and cash equivalents broughtf¢Jward 1168.0881 392.607 {138,306J 530,913 Cash and cash equivalents carriad forward 13 224.519 392,6Q7 The notes on pages 15 to 27 forn part of these financial slatemenls. Page 14
LANCASHIRE BME NETWORK-TRADINGAS INCLUSIVE NORTH (Charitable Incorporated Organisationl NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES 1.1 Basts of preparation of financial statements The financial stslemenls have been prepared in accordance with Accounting and Reporting by Charities: Slalemenl of Recommended Pra¢li¢e applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 {Charities SORP {FRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl 20C6. Lancashire BME Netwoik Trading as Inclusive North meets the definition of a public benefit entity under FRS 102. Assets and liabilf(ies are initially recognised al historical c051 or fransaGtion value unless otherwise slated iri the relevant accounting policy. 1.2 Reconciliation with previous Generally Accepted Accounting Practice In preparing these accounts, the Trustees have considered wh8lh&r in applying Ihe accounting policies required by FRS 102 arbd the Charities SORP FRS 102 the restslement of comparative items was required. No restatements were required. 1.3 Income All income is regniSed once the CIO has entitlennI lo the income, il is probable that the income will be recèived and the amount of income receivable can be measured reliably. For legacies. entitlement is tak8n as the earlier of the date on which either.. Ihe CIO is aware that probate has been gTanled. the estste has been finalised and nolificalion has been made by the execulorlsl to the Trust that a distribution will be made, or when a distribution is ieceived from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measurèd reliably and the CIO ha5 been notified of the executor's intention to make a distribution. Where legacies have been notified lo the CIO, or the CIO is aware of the granting of probate, and the criteria for income recognition have not been mel, then the Iggacy is tr@ated as a conlingenl assel and disclosed if rrbaterial. Donated services or fa¢i5ities are Tecognised when the CIO has control over the item, any condilions associated wilh the donated item have be@n met, the receipt of economic benefit from the LJSe of the CIO of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer lime of the Friends is not recognised and refer to the Trustees. report for more information about Ih8ir contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gfft lo the CIO which is the amount the CIO would have been willing to pay lo obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Page15
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Iwntinuedl 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic beneff( lo a third party, il is probable that a transfer of economic beneff(s will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lola1 of direct costs and shared costs, including SLJPPOrt costs involved in Ljndertaking each a¢livily. Dire¢l costs attribLJlable lo a single a¢livily are allocated directly lo that a¢tivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those a¢livilies on 8 basis conslstent with the use of resour5. Centra1 staff costs are allocated on the basis of time spent, and depreciation charges alloGated on the portion of the asset's use. Governance costs are those incurred in connection with adminislralion of the charitable company and compliance with constituttonal and statutory requirements. Charitable activities and Governance costs are costs incurred on the CIO'S educational operations, including support Gosls and costs relating lo the governance of the charitable company apportioned to charvtable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to Conditions which have not been mel a the year end are noted as a commitment, but not accrued as expenditure. 1.5 Cash flow The financial statements do not include a Ststemenl of c8sh flows because the charitable charf(able Company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Enlilies (effective April 20081. 1.6 Tangible fixed assets and depreciation All assets costing more than £1,DOO are capilalised. A review for impairment of a fixed asset 18 carried out rf events or changes in circumstsnces indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activtiies incorporating income and expenditure account. Tangible fixed assets are carried at ¢osl, nel of depreciation and any provision for impairment. Depreciation is provided al rates calculated lo write off the cost of fixed assets, less their estimated residval value, over their expectèd useful lives on the following bases.. Office equipment- unreslricled Office equipment- reslricled 250A reducing balance 25 /0 Straight line Page 16
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Icontinuedl 1.7 Interest receivable Interest on funds held on deposit is included when receThiabl& and thè amount can be measured reli8bly by th8 charitable company,. this is normally upon notification of the interest paid or payable by the Bank. 1.8 Debtors Trade and other debtors are reGognised al the selllement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at Bank and in hand Cash al bank and in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.10 Liabilities and provisions Liabilities are recognised when there is an obligation al Ihe Balance sheet dale as a re5utt of a past event. il is probable that a transfer of economic benefit will be required in setllemenl, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the CIO anlicipales il will pay to settle the debt or the amount il ha5 received as adv8nced payments for the goods or services il musl provide. Provisions are measured al the best estimate of the amounts required lo sellle the obligation. Where the effe¢l of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specrfic to the liability- The unwinding of the discount is recognised within interest payable and similar charges. 1.11 Taxation The CIO is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Financ8 Act 2010 and therefore il meets the definition of a Charitable company for UK corporation tax purposes. Accordingly, the C50 is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income 01 gains are applied exclusively to charitable purposes. Page 17
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH Icharitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Icontinu8d) 1.12 Fund accounting General funds are unrestricted funds which are available for use at the discrelK)n of the Trustees in furtherance of the general objective8 of the ¢h8rilable company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slalements. Reslricled funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The Costs of raising and administering such funds are charggd against the specific fund. The aim and use of each S1Cted fund is set out in the notes to the financial statem8nts. INCOME FROM CHARITABLE ACTIVITIES Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Charitable activit5 359,397 49.307 408.704 470,477 Total 2024 470,477 470.477 Page 18
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Consultancy MH Transfomiation Fur Macmillan CHARIS Age Concern- CLOG DVVP Lancashire EnGounler Global Fund for Children Egalty NHS Carers Focus Groups GMCVO Better sIety Capital Youth Endowment Fund RaGe Equalty Foundation The Pathway Funcl UBELE Sale of Equipm8nt Refunds 35,328 11,932 75,000 t25,235 9,000 18,ODO 3,023 3,5L 45,293 8.800 1,038 6,300 qO.031 353 136.5q1 194,948 362 13, 177 10,000 167,500 1.310 1,602 Total 408,704 41Q,477 GOVERNANCE COSTS Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Accountancy fees Legal and ProfessK)nal 620 7.171 9,316 9,316 10.161 10,161 1, 791 Page19
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH (Charitable Incorporated Oryanisation} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE staff Gosts Other costs 2025 2025 Total 2025 Totsl 2024 Charitable actNIt9 Expendi(ure on governance 292,261 276,810 10.161 569,071 10,161 607,711 7,791 292.261 286,971 579,232 615,? Total 2024 335.294 28Q,208 615,502 ANALYSIS OF CHARITABLE EXPENDITURE 2025 2024 Staff salaries including dundancY Staff employers national insuranc8 Staff @mployers pension costs Travel and subsisten Project Costs Renl, Rates and Utilities Telephone and fax Slalionery. printing and photocopying Insurance Sundry expenses Website development and IT costs NeOrkIng and events VolunlEer expenses Promotional ¢osls Equipment purchase and repairs Subscriptions 276.549 6.352 9.360 3.732 230.548 18,507 297.986 24,802 12,506 6,054 221.667 20,345 2,661 4212 3,038 304 12,204 1,683 2,796 6,602 11.068 820 165 731 932 Totsl 569.071 6Q7, 771 Page 20
LANCASHIRE BME NEfwoRK-TRADING AS INCLUSIVE NORTH Icharitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 NET INCOMEIIEXPENDITUREI This is slal8d after charging.. 2025 2024 Pension costs 9.360 12.506 During the year, no Trustees receivod any r¢muneralion12024 - £NILI. During the year. no Trustees re¢eNed any benefits in kind12024- £NILI. During the year. no Trustees received any reimbursement of expenses12024- £NIL}. STAFF COSTS Staff costs were a5 follows.. 2025 2024 Wages and salaries Soci21 security costs Other pension costs 276,549 6,352 9,360 297,986 24.802 12,506 292,261 335,294 Included in the figure above is £2,876 in redundancies. The number ol staff are broken down as per the below., 202S 2024 No. Chief Officer Prc4ect Officer PAC Leads Admin and Finance officer Apprentice 10 12 10 24 No employee received remuneration amounting lo more than £60.000 in ef(her year. Page21
LANCASHIRE BME NFfwoRK-TRADING AS INCLUSIVE NORTH (Charitable Incorporaled Oryanisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 TANGIBLE FIXED ASSETS Office 8quipm8nt C05t At 1 September 2024 and 31 Auousl 2025 34059 Depreciation Al 1 September 2024 and 31 August 2025 34,059 Net book value At 31 August 2025 Al 31 August 2024 DEBTORS 202S 2024 Trade debtors Prepayments 350 1.118 8.950 1.467 1.468 10,417 CREDITORS- Amountsfalling duewithin on¢ year 2025 2024 HMRC lax and national insurance Pension contribulions Accruals and deferred income 2,621 7.222 8,660 7,Of2 620 9,843 16,352 Page 22
LANCASHIRE BME NETWORK-TRADINGAS INCLUSIVE NORTH (Charitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. STATEMENT OF FUNDS STATEMENTOF FUNDS-CURRENTYEAR Balance at Balance at 31 August 2025 September 2024 Income Expendmure Transfers Designated funds Designated Fund 1 43.376 43.376 General funds General Funds 180,847 49.307 180.126) 159} 149.969 Total Unrestricted fijnds 224,223 49.307 180,1261 59) 193,345 RtrIcted funds The Phoenix Way Spring North- MH Transformation 2 The Pathway Fund The Phoenix Way- Second Phase Macmillan Pace YoLElh Endowment Fund - PAC 52,550 44.869 152.6091 144.8691 1162,247 111,4751 136,1091 1191,7971 59 167,853 9,740 45.293 136.Sq1 S.606 11,7351 2,733 16,195 16,451} 71,481 162.449 3S9,397 {499.1061 59 22,799 Total of funds 386,672 408.704 1579,2321 216,144 Desi nated Funds Designated Fund 1 This is for 6 months running and redundancy Costs as explained in the reserves policy. General Funds General funds are unrestricted funds which are available for use at the discretion of thè Trustees in furtherance of the general objectives of the charitable Company and which have not been designated for other purp05e5. This also include5 unrestricted project funds. Restricted Funds. IPlease refer lo the activities of the year In the trustees report for furth&r details o each funder under the review of aeilivlties section) Page23
LANCASHIRE BME NETWORK- TRADING AS INCLUSIVE NORTH (Charitable Incorporated Organisationl NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 10. STATEMENT OF FUNDS Icontinuedl STATEMENT OF FUNDS- PRIOR YEAR Ealance al I September 2023 Balance al 31 August 2024 Income Expenditure Designated Fund 1 General Funds 43,376 43,376 18Q,847 257,588 75,295 (t52.036J Restricted funds The Phoenix Way Spring North- MH Transformation 2 hllacmillan Pace Spring North- MH Transfotmalion 1 Youth Endowment Fund- PAC 192,205 (139,655) (30, 131) (118,217J (24,647) (150,816) 52.550 44.869 (6.451) 75,000 125,234 (13,468J 24.647 27.349 194,948 71,481 230. 733 395, 182 (463,466) t62,449 SUMMARYOF FUNDS- CURRENTYEAR Balaneè at Balance al 31 August 2025 September 2024 Income Expenditure Transfers Desnated fvnds Gener81 funds 43,376 180.847 43.376 149,969 49.307 180.1261 ($91 224.223 162A49 49.307 359.397 {80.126) 1499.1061 1591 59 193,345 22.799 Reslricled funds 38S,672 408.704 1579.2321 216,144 Page 24
LANCASHIRE BME NETWORK-TRADING AS INCLUSIVE NORTH {Charitable Incorporated Organisationl NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. STATEMENT OF FUNDS Icontinuedl SUMMARYOF FUNDS- PRIOR YEAR Balance al I September 2023 Balancg at 31 August 2024 Income Expenditure Designated funds General funds 43.376 257,588 43,376 180.847 T4295 (152,036) 300,964 230, 733 75,295 39&182 (152,036) (463,466) 224.223 162,449 Reslricled funds 531,697 470,477 (615,502) 38S,672 11. ANALYSISOF NET ASSETS BETWEEN FUNDS ANALYSISOF NEfASSETS 8ETWEEN FUNDS-CURRENT YEAR Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Current assets Credilors due within one year 22,799 203,188 19,8431 225,987 19.8431 22.799 193,345 216,144 ANALYSISOF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Restncled Unresliicted funds fvnds 2024 2024 Total fvnds 2024 Current assets Creditors due within one year 162.44g 240,575 (16.352) 403,024 (16.352J 162,449 224,223 386,672 Page 25
LANGASHIRE BME NEf4VORK-TRADING AS INCLUSIVE NORTH (Charltable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net expendSture forthe year las per Statement of Financial Activiiiesl 1170,5281 (145,025) Adjustment for: Decreasel(increasel in debtors {D¢¢reasellin¢rease in creditors 8,949 16.5091 (6.303) 13,022 Net cash used in operating activities 1168,0881 {138,306J 13. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hd 224.519 392,607 Total 224,519 392,607 Page 26
LANCASHIRE BMENETWORK-TRADING AS INCLUSIVE NORTH {Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 14. PENSION COMMITMENTS The CIO contributed to personal pension plans in 2025 15. OPERATING LEASE COMMITMENTS At 31 August 2025 the total of the Charity's future minimum lease paym&nts und8r non-c8ncellable operating leases was: 2025 2024 Amounts payable: Within 1 year Between 1 and 5 years 7.380 2,145 10, 148 2,849 Total 9,525 12,997 16. RELATED PARTY TRANSACTIONS There have been no related patytransactions throughout the financial y&ar. 17. POST BALANCE SHEET EVENTS Thère have been no signrficanl events affecting the company Sin the Year-d. 18. CONTROLLING PARTY The CIO is ¢onlrolled by the Trustees listed on page one of the accounts. Page 27