Charity registration number 11375911England and Wales)
Company reglstration number 06934839
CHASE NC LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
,lllllllThll
*ADTjS￿y￿
0410112025
COMPANIES HOUSE
A7
20

CHASE NC LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr G Everitt
Ms S Jones
Mr R Bird
Rev A Giles
Ms M Lindsay
Ms F Abiodun Sowunmi
Cliarlty number
1137591
Company number
06934839
Prlnclpal address
Chase Neighbourhood Centre
Robin Hood Chase
St Ann's
Nottingham
NG3 4EZ
Reglstsred offlc•
Chase Neighbourhood Centre
Robin HoL)d Chase
st Ann's
Nottingham
NG3 4EZ
Independent examiner
HSKS Gfeenhalgh Ltd
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG16EE
Bankers
Unlty Trust Bank PLC
4 Brindley PlaGe
Blrmingham
812JB

CHASE NC LIMITED
CONTENTS
Page
Trustees report
Statement ol trustees Tesponslbilrties
Independent exarninefs Teport
statement of financial adivrties
Balance sheet
Notes to the financial statements
8-16

CHASE NC LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordan￿ wrth the accounting policies set out in note 1 to the
financial statements and comply with the charty's goveming document. the Companies Act 2006 and "Accounting
and Reporting by Charrties.. Statement of Recornmended Pradice applicable to charrties preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS
102)" (effective 1 January 2019).
ObJeclbvM and actlvlllos
The purw)se of the charity is..
To further the social and cultural welfare of the communlty of St Ann's, Nottingham.
The vislon that shapes our annual activities remains the promotion and fostering of communty cohesion as well a8
introducing others to the exciting multi-cuftural environment that is St Ann's. We hope to engage the Nottingham
Cty area and display the positive attributes that st Ann's has developed.
The charty has the general aim of contributing to the quality of life of the people in the St Ann's area by expanding
their horizons through the provision ol excrting.- challenging and accessible community events and professional
programmes.
In shaplng OUT objectives foT the year and plannlng our actlvities, the Irustees have consldeTed the Charrty
Commission's guidance on public benefrt, including the guidance 'public benefft.. running a charty (P82)'.
The ￿ntre relies on grants and the income from rents, room hire and seNice charges to cover Its operating costs.
Affordabilty and aGcessibilty is key to our aims and is reflected in our prlcing policy.
We endeavour to encourage all within our communty to take part in our activities and to atterrfl our Centre.
The strategies employed to achieve the charlty's aims and objectlves are to..
Give the community a welcomlng atmosphere encompasslng a wlde fange of actlvftles for the enjoyment
and educats'on of our local community.
Offer opportunities for a broad range of people to get invotved In activities exploring thelr communty.
personal wellbeing and lifestyle.
Provide facilities for the support agencies and companies operating across the city to hold events.
rneeting8, aGlivities and trainlng.
Involving the whole community, young and old, in activltie5 to encourage the integration and preskntion of
cultures V￿1h1n our communty.
Celebrate the diversity of cultures within our society by involvlng the community, support agencies, local
council and businesses in the planning. fvnding and orchestration of events.
To develop our learning and training hub to support membets of the communty artd client8 of the adviee
centre, toward5 financial indusion through leaming, education and positive job searching.
Provide hea￿hY nutritional meals in our communty cafe.

CHASE NC LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performanc•
Significant artivit18s and achievements against objectiv8s
The centre has ineAeased rts footfall this past year.
The café has continued lo attrad residents and workers in the area by providing healthy and affordable dishes at a
reasonable cosL We have employed Iwo staff to ensure the café can be open all through the day. We fan a 'Warm
Hub. this winter on a Wednesday evening. It vrds extraordinarily successful with residents enjoying free hot rneals,
activrties such as bingo and the chance to SOGialise. We also had advisors attend, to support with tenefit issues and
energy efficiency matters.
Christmas is alvrays a busy time wth an elderfs luncheon. children's parties and over 30 Christmas hampets to
deliver to those residents. individuals I families in the communty that V￿re not in receipt of any beneffts.
The Charty has continued to invest in making the buildlng safe and accessible.
The team and volunteers have cornm￿ed lots of time and effort to ensure the centre is able to prrNide a communty
space for residents and others, acioss the cty. We have been able to develop an array of excellent resources with
the continued help and assistance of the St Ann's Advice Group, the ReneYRI Trust, Small Steps 8ig Changeg
(SSBC), Family Mentoring Service, Nottingham Cty Council through our local councillors {NCC) the UK Shared
Prosperiiy Fund, Cornrnunities and Place, Henry Smith and the local community. We have a resolute team of
voluntee[5 that support the Centre, v*ho are actlvely invok¥ed in decision making.
We are confident that next yeaT wlll see a fvrther Increase In provlslon and usage ol the centre.
Flnancial revlew
Income received during the year consisted 01 £70,661 charitable income generated by the ¢entre. including rental of
the upstairs office space to St Anns Advice Group and d¢)wDstairs office 8pa(x to SSBC, room hire charges and
income generated by Ihe café.
Grants were received from Nottingham Cty CounGil totalling £500. The Renewal Trust for £625, and various other
8ource8 totalllng £500 to supp.ort events at the centre.
Charrtable re8ource8 expended were made up of £26,336 premises mst and £47,165 communrty actbvity costs,
reSu￿1ng in a deficit for the year of £1.215 (2023 surplus for the year of £604) before transfern, *thich has reduced
the reserves.
ReseNes policy
Reserves pollcy
The Trustees have establlshed a policy vlhereby the unrestrided funds not o)mmitted or invested in tanglble fixed
assets ('the free reseNes'} held by the charity should be three months of the total resources expended (£18.375
based on these financial statements). At thts level, the Board feel that they would be able to contsnue the current
activities of the charity in the evenl of a signfficant drop in income. At present there are free reseNes of £79,636.
Prlclng pollcy
Our pricing policy reflects our strategy of enabling all within our communty. whatever Iheir means. to take part in our
activities and to attend the centre. Our events and education programmes are available lo all, for a srnall fee OT free
of charge. We hope lo obtain further funding, sponsorship arKI voluntary support to enable us to build on the
existin9 activiti'es taking place at our centre while also looking to encourage more.
Major risks
Rlsk fadors
The trustees have conducted their review of the major risks to vthich the charty is exposed. ￿d systems have
been established to mitigate those risks.

CHASE NC LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED)
FOR THE YUR ENDED 31 MARCH 2024
Plans for future perlods
. We wlll continue to work wrth the cty council to get the long-avrdited restoration of the back decking completed. This
will create an extra activty space and be far more aesthetically pleasing. The communty engagement worker will
continue to develop activrties that engage the communty and hold large scale events for the various festivals
throughout the year. WorkeTr will remain hybrid working for the foreseeable future. As always, we w￿1 endeavour to
increase the centres income through room hire.
Structure. governance and management
The charty is a registered charrtable company limited by guarantee. The company vras established under a
Memorandum of Association which established the objectives and powers of the charitable company and 18
governed under ts Artides ol Associatlon.
In the event ol the company bein9 wound up, members are requlred to contribute an amount not exceeding £10.
The trustees, who are also the directo￿ lor the purpose ol cornpany law, and who ser¥ed during the year and up to
the date ol stgnature of the financial statements were..
Mr G Everitt
Ms S Jones
Mr T Farmer
Mr R Bird
Rev A Giles
Ms M Lindsay
M8 F Abiodun Sowunmi
(Resigned 25 July 20241
Recruitment and appointment of trnstees
The trustees are supported by a management committee. The twstees and members of the management
committee are elected to sepie ft>r a period of three Yea￿ after which they must be re-elected at Ihe next annual
general meeting.
The trustees and management committee repiesent a broad base ol skills and experience, and this is continually
monitored. Where possible, irKlividuals witt) specific skills are approached to offer theMse￿eS for eleCt￿n as
tnjstees or to the management commlttee.
Key Management Peisonnel
Debbie Webster
Charity Manager
The trustees re
ort
s approved by the Board of Trustees.
RevA Giles
Trustees
Date..
1.2.-.2v.e. Y

CHASE NC LIMITED
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the directors of Chase NC Limited for the purpose ol company law. are responsible for
preparing the Trustees Report and the financial statements in accordance ￿ryth applioble law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustee8 to prepare financial statements for each financial year %thich give a tnje and fair
vlew of the state of affairs of the charty and of the incoming resources and application of resources. including the
income and expenditure. of the Charitable company for that year.
In preparing these financial ststements, the trustees are requlred to..
- seled surtable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent.
state whethei applicable UK Accounting Standards have been followed. subjed to any material departures
dlsclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless rt is Inappropriate to presurn that the charty
V￿11 continue in operation.
The trustees are responsible lor keeping adequate accounting records that disclose wth reasonable accuracy at
any time the financlal posrtion ol the charity and enable them to ensure that the financial statements Cornply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking
reasonable Steps lor the prevenllon and detectlon of fraud and other Irregularrtie8.

CHASE NC LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHASE NC UMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024
which a￿ set out on pages 6 to 16.
Responslbllitles and basis of report
As the trustees of the charty land also its directors for the purposes of company law}, you are responsible for the
preparatlon of the financial statements in accordan￿ with the requirements of the Companies Act 20(￿.
Having satisfied myself that the financlal statements of the charity are not required to be audit&d under Part 16 of
the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
charlty's financial statements carried OLrt under section 145 of the Charrties AGt 2011. In carrying out my examination
I have followed the Oirections given by the Charty Commission under sectlon 145(5)Ib) of the Charities Act 2011.
Independent examlnefs statement
I have ￿Mpleted my examination. I confirm that no matters have come to rny attention in connection V*ryth the
examination giving me cause to believe that in any. materlal, respect:
accounting records were not kept in respect of the charrty as requlred by sectlon 386 of the Companles Act
2006.
the financlal statements do not accord wfth those records: or
the financial Statements do not comply with the accounting requirements of section 398 of the CoM￿nieS A
statement of RecommerKled Practice for accounting and reporting by charrties applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard aprAicable in the UK
and Republic of Ireland (FRS 1021.
I have no concems and have come across no other matte15 in connection with the examination to which attention
8hould be dravm in th!8 report In order to enable a proper understanding of the financlal 8tatements to be feached.
kfsis G4 LLF
Phlllp Handley FCA
Institute of Chartere
HSKS Greenhalgh Ltd
3rd Floor
Butt Oyke House
33 Park Row
Nottingham
NG16EE
cix>untants in England and Wale8

CHASE NC LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Unrestrlcled
funds
funds
2024
2023
Restrlcted
funds
2023
Total
2023
Notes
Income from:
Donations and legacie5
Charitable actNities
1.625
70,661
9,015
46,209
27,500
36,515
46,209
Total Income
72,286
55,224
27.500
82,724
Expendltur• on:
Charrtable activities
73,501
54,620
27,500
82.120
Total expendltufe
73.501
54,620
27,500
82,120
Net Incomel(expendltsJre) and movement In
funds
(1.21S)
604
804
Reconciliatlon of lunds:
Fund balances at 1 April 2023
129,374
128,770
128,770
Fund balances at 31 March 2024
128,159
129.374
129,374
The statement of finanThal actlvttles Includes all galn8 and1088e8 recognlsed In the year. All income and expenditure
dertve from continuing activrties.

CHASE NC LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible asset8
10
48.523
59,099
Current assets
Debto
Cash at bank and in hand
11
7,767
94,274
10,042
99,483
102,041
109.525
Credltors: amounts falling due wlthln
one year
12
{22,405)
139.250)
N•t current amets
79.636
70,275
Total assets less curfent Ilablllt
128,159
129.374
The lunds of the charlty
Unrestricted funds
13
128.159
129.374
128.159
129,374
The company is entitled to the exemption from the audrt requlrement contalned in sectlon 477 of the Cornpanies Act
2006, for the year ended 31 March 2024.
The directOTS acknowledge their responsibilities for complylng with the requirements of, the Companies Act 2006
with respect to accounting records and the preparation of finanaal statements.
The rnernbe￿ have not required the company to obtaln an audrt of its financial statements for.the year in question in
accordance with section 476.
These financial statements have been prepared In accordance ￿￿th the provlsions applicable to comFanles suty'ect
to the small companies regime.
The financlal
ZL-12- Yolf
ents were approved bythe trustees on........................
Rev A Giles
Trustees
Company registration number 06934839 (England and Wales)

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
Charlty Informatlon
Chase NC Limrted is a private company limrted by guarantee Sncorporated in England and Wales. The
registered office is Chase Neighbourho￿l Centre, Robin Hood Chase. St Ann's, Nottingham, NG3 4EZ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charty's governing document. the
Cornpanies Act 2006. FRS 102 'The Financial Reporb'ng Standard applicable in the UK and Republic of
Ireland. (°FRS 102") and the Charrties SORP "Accounting and Reporting by Charrties.. Statement of
Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republi¢ ol Ireland (FRS 102y' {effeclive 1 January 2019). The
charity is a Public Benefit Entty as defined by FRS 102.
The financial statements are prepared in sterling, %thich is the functional currency of the charty. Monetary
amounts In these financlal statements are rounded to the nearest £.
The financial statements have been prepared under the hbstorical cost convention. The principal accounting
pollcies adopted are set out below.
1.2 Golng concern
At the time of approving the financial 8tatements, the tru8tees have a reasonable expedalion that the charlty
has adequate resources to continue in operational existence for the foreseeable future. Thus the tnstees
continue to adopt the golng concem basis of a￿ountIng in preparlng the finanaal statements.
1.3 Chailiable funds
Unrestrlcted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives. .
Designated funds {￿MPT￿Oe funds which have been set aside at the discretion of the trustee5 for 8peciflc
purposes. The purposes and uses of the designated funds are set out in the notes lo the financial statements.
Restricted funds are subject to specific conditions by donot5 or grantors as to how they may be used. The
purposes arxl uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entrtled to it aller any performan￿ conditions have been met,
the amounts can be measured reliably, and it is probable thal income will be received.
Cash donations are recognised on recelpt. Other donations are recognised once the charity ha8 been notified
of the donation. unless performance Conditior￿ require deferral of the amount. Income tax recoverablé in
relation to donations received under Gift Aid or deeds of ￿venant is re¢ognised at the ts'me of the donation.
1.5 Expenditure
Expendrture is recognised once there is a legal or constructive obligation to transfer econornic benefit to a
third paty. it 15 probable that a transfer of economic benefrts will be required in settlement. and the amount of
the obligation can be measured reliably.
Expenditure is classfied by adivty. The costs of each activty are made up of the total of dir&t costs and
shared costs, including support costs involved in undertaking each activty. Direct Gosts attrrbutaL4e to a single
activity are allocated directly to that activity. Shafed costs Kthich contribute to more than one ath'vity and
support costs which are not attributable to a single acttvty are apportioned between those activities on a basis
consistent with the use of Yesources. Central staff Gosts are all¢y2ted on the basis of time spent, and
depreciats'on charges are allocated on the portion of the assevs use.

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
AGcountlng Wicle8
(Continued)
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at Cost and sutAsequentty rneasured at ￿st or valuation, net of
depreciation and any impairment losses.
Depreciation is rec<)gnised so as to Vlrrte off the cost or valuation of assets le&8 their residual values over their
useful lives on the following base8'.
Leasehold land and buildings
Plant and equipment
10% straight line
15% straight Ine
The gain or loss arising on the disposal of an asset is determined as the difference bet￿een the sale proceed5
and the carrying value of the asset, and is recognised in the statement of financial activrties.
Individual fixed assets costing £SOO or rnore are caprtalised al cost.
1.7 Impolfmenl ol flxed avaets
loss (If any).
1A Cash and cash equlvalents
Cash and cash equivalents Include cash in hand. deposlts held at call with banks. Other short-term Ilquid
Investments with original maturities of three month5 or less, and bank overdrafts. Bank overdrafts are sho*
wrthin borrowings in current liabilities.
1.9 Flnanclal Instruments
The charlty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Flnancial Instruments are recognised in the charlty's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilrties are offsel, with the net amounts presented In the financial statements, ￿en
there is a legally enforceable right to set off the recognised arnounts and there is an Intention to settle on a net
basis or to realise the asset and settle the liabilrty simultaneously.
Baslc flnanclal assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised ￿st using the effective
interest method unless the arrangement constitutes a financing transaction. vthere the transaGtion is
measured at the present value of the future receipts discounted al a market rate of Interest. Financial assets
classified as receivable within one year are not amortised.

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies
Icontlnued)
Impalrnient of financlal assets
Financial assets, other than those hetd at fair value through income and expendtture, are assessed for
indicators of impairment at each reporting date. Financial assets are impaired vrfhere there is objective
evidence that, as a result of one or more events thal occurred after the inrtial recognition of the financial asset,
the estimated future cash flov￿ have been affecled.
If an asset is impaired. the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted at the asset's ortginal effecttve interest rate. The impairment loss
18 recognised in net incomel{expendrture) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment vrfas
recognised, the impalrment Is reversed. The reversal is such that the current carryin9 amount does not
exceed what the Garrying amount would have been. had the impairment not previously been recognised. The
impairment revefsal is recognised in net incomel(expenditurel for the year.
Derecognition of financlal assets
Financial assets are derecognised only when the contractual rights to the cash flows from Ihe asset expire or
are settled. or when the charty transfe￿ the financial asset and sut6tantially all the risks and rewards of
ownership to another entlty. or 11 some shjnlficant rlsks and rewards of ownership are retained but control of
Basic financial liabilities, including creditors are initially recognised at transadion price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
ol the luture payments discounted at a market rate of inlerest. Financial liabilrties classrfied as payable v+rthin
one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effertive interesl rate meth¢>J.
Trade Creditors are obligations to pay for goods or seNices that have been acquiTed in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilrties if payment is due within one
year or less. If not. they are presented as non-current liabilrties. Trade creditor5 are recognised in￿lalIY at
transaction price and subsequently measured at amortised cost uslng ihe effedive interest method.
Derecognltlon of flnanclal IlablllUes
Financial liabiltties are derecognised vthen the chaitys contractual obluations expire or are discharged or
cancelled.
1.10 Employee benefits
Payments to defined contribution retirement benefrt schemes are charged as an expense a8 they fall due.
10-

CHASE NC LIMITED
NOTES TO.THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donatlon8.and legacles
Unrestricted Restricted
funds
funds
2024
2024
Tolal Uniestricted Restricted
funds
fund8
2023
2023
Total
2024
2023
Donations and gifts
Grants receivable
500
1.125
500
1,125
9,015
27,500
36,515
1,625
1,625
9,015
27,500
36,515
Donatlons and glfts
Donation tovrdrds
Christmas event
Nottingham Clty Council
200
200
Giants recelvable for cA>re actlvltles
Nottingham City Council
500
The Henry Smith Charty
Renevral Twst
The Julia and Hang
Rausing Trust
500
6,915
6.915
27,500
27.500
625
625
2.100
2,100
1.125
1,125
9,015
27,500
36,S15
Income from charitable activitles
UnrestriGtod Unrestrlcted
fund8
fund8
2024
2023
Charltable Income
Sale of goods
Charitable rental income
28.856
41.805
10,485
35.724
70.661
46,209
11

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendllure on chailtable aclivitles
Charltable
Charltablg
expendltuie expendlture
2024
2023
Dlrect costs.
Staff costs
Depreciation and impairment
Cafe supplies
Event C08ts
Rates and vRter
Insurance
Light and heat
Repairs and mairrtenance
Waste removal
Clean￿9 and hygiene
Sundry expenses
Telephone
Volunteer expenses
15,000
10,576
14,235
3,869
328
2,997
12,135
9.175
1.682
19
42.500
10,590
2,645
651
4,412
884
12,207
3,689
2.449
58
429
80
182
115
70,711
80.382
Share of 8upport and gov•rnanco costs (see note 5)
Govemance
2,790
1,738
73.501
82,120
Analysls by fund
Unrestricted funds
Restrided funds
73.501
54,620
27,500
73,501
82.120
Support Costs allocated to actlvitle8
2024
2023
Govemance costs
2,790
1,738
Analysed between:
Charitable expenditure
2,790
1,738
12-

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movernent In funds
2024
2023
The net movemenl in funds ks stated after chargingl(creditingl'.
Fees payable for the independent examination of the chartyb financial
statements
Depreciation of owned tangible fixed assets
2,106
10.576
1.186
10,590
Trustees
None of the trustees lor any persons connected vAth them) received any remuneratlon or benefrts frorn the
charity during the year, nor were any trustees, expenses reimburned during the year.
Employees
The average monthly number of employees during the year was:
2024
Numbor
2023
Number
Employment costs
2024
2023
Wages and salaries
15.000
42,500
The salary costs detailed above are recharged from St Anns Advice Group.
There vRre no employees ththose annual remuneratlon was more than £60.000.
Remuneiatlon of key management personnel
Key management personnel did not re￿1ve any remuneration in the year. All key management personnel are
employed by St Anns knice Group on 8 full-time ba8bS.
Taxatlon
The charlty is exempt from taxation on ts activrties because all Its income is applied for charrtable Purposes.
13-

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Tangible flxed assets
Plant aml
Total
land aml
Imlldlngs
Cost
At 1 April 2023
104,322
1,046
105,368
At 31 March 2024
104,322.
105.368
Depreclallon and impalrmgnt
Al 1 April 2023
Depreclation charged In the year
45.367
10.433
46,269
10,576
143
At 31 March 2024
55,800
1,045
56,845
Carrylng amount
At 31 March 2024
48.522
48,523
At 31 March 2023
58,955
144
59,099
11 Debtors
2024
2023
Amounts falllng due wlthin one year:
Trade debto
Prepayments and accrued income
405
1.732
8.310
7,767
10.042
12 Credltors.. amounts falllng due wlthin one y￿r
2024
2023
Trade creditors
other creditors
Accruals and deferred income
7,407
11.966
3,032
22,691
11,966
4,593
22,405
39,250
14-

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Unrestricted funds
The unrestricted fvrKls of the charity comprise the unexpended balances of donations and grants wllich are
not subj'ect to specific conditions by donors and grantors as to how they may used. These include
designated funds vh)ich have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2023
Incomlng
Resources At 31 March
resources . expended
2024
General fund8
129,374
72,286
{73.501)
128,159
Prevlous year..
At 1 Aprll
Incomlng
2022 Te8ouices
Resources At 31 March
expended
2023
General fundB
128,770
55.224
(54,820)
129.374
14 Flnanclal commitments, guarantees and conllngent Ilabilltles
On 03 February 2010. the charity entered into a 25-year lease on a property. The rent was set at a peppercorn
rent, v*hich has not yet been demanded The Charty ts responsible for the repairs and maintenance ol the
property and respork8ible for the property insurance costs.
15-

CHASE NC LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Related party iransaclions
Transacllons with related partles
Throughout the year. the following directors of Chase NC Limrted have also been trustees of St Anns Advice
Group, a registered chanty (chanty number 1163512):
Mr Grant Everrtt
Ms Monica Lind8ay
Rev Anthony Giles
Mr Trevor Farmer
Mr Robert Bird
Ms Sheila Jones
Ms Fola Shalom
Durlng the year. Chase NC Ltd charged St Anns Advice Group an arm's length rental of £11,856 {2023'.
£11.856) and a seDiice charge of £4,876 (2023.. £4,876). At 31 March 2024. £1.732 (2023. £1.7321 was
outstanding.
During the year, the Sl Anns,Advice Group recharged £2.929 (2023.. £2.042) ol insurance costs. and £15,000
of staff salary o)sts. At 31 March 2024. £8,715 {2023.' £22,691) was 0￿Ed to St Anns Advice Group.
The charty vrds provided wth a loan from St Anns Advice Group regarding various expenses. The amount
outstanding as at the year-end was £11,966 (2023.. £11,966). The loan is interest free and is repayable on
demand.