Company registration number: 06934839 Charity registration number.. 1137591 Chase NC Limited (A company limited by guarantee) Am]uak RetM)rt and Financial Statements for the Year Ended 31 March 2025 Community Accounting Plus Units l & 2 North Wesi 41 Taltx)t Street Nottingham NGI 5GL
Chase NC Limited Contents Reference and Administrative Details Trustees, Report 2to4 Independent Ex2minefs Report Ststement of Financial Activities BaIance Sheet Notes to the Financial Statements 8t014
Chase NC Lirnited Reference and Administrative Details Trnstees R Bir4 Treasurer Rev A Giles Sheila Jones G Everitt Senior Mgnagement Team Debbie Webster. Manager Charity Registration Number 1137591 Compgny Registration Number 06934839 Registered Offl¢e Neighlx*urhood Centre Robin Hood Chase NOTTINGHAM NG3 4EZ Eva Stevens. employee of Community Accounting Plus Units l & 2 North Wt 41 Talbot Street Nottingham NGI 5GL Independent ExamlDer Page I
Cbase NC Limited Trustees, Report The trustees, who are directors for the purrK)ses of company law. present the annual report together with the financial statements of the charitable compan). for the year ended 31 March 2025. Trustees Ind officers The trustees and officers serving durtng the year and since the year end were as follows: Trusttts.. R Birt Treasurer Rev A Giles Sheila Jones F Sowuuni G Everitt Strn¢ture? governance and management Nothre ofgoverning documenl The charity is a company limited by guarantee and registrred Charity. It is operated Lmder the rules of its memorandum and articles of association dated 16 June 2009 and most recentli. amended 26 July 2011. It has no share capital and the liability of each member in the eN'eni of isinding-up is limited to £10. Recruitment and appointhRI oflru51ees The Irijstees are supported by a management committee.The trustees and members of the management committee are elected to serve for a period of three year after which they must re-elected at the next AGM. AGM nominations are welwme. Objeetives #nd activlties Objects and aifftf To promote the individual and collective wellbeÈn& health and happiness of people livin8 in the St Anns and surrounding areas particularly those suffering Irom social exclusion and tKJverty. • To raise awareness of healthy and sustainable living pwtices and thereby emwwer people to adopt healthier and happier lifestyles. . To tackle worklessness and social exclusion in the community by providing people with the ne¢essary supporL inspiration and infrastructure to become more economically. socially and active citizens. To provid¢ much needed affordable communits, facilities and space where a wide variety of people can gather lo deliver projects. pool experien¢e and best prnetice, fulfilling an Inaluable synergising role, whereby the hole is considerably stronger and more effective than the mere sum of is constituent parts. To act as a resource b&8e 'here 'OrkshOps. presenthtions and exhibitions in a variety of healthy living. personal and social development and eM'emIenI techniques can be facilitated. The purpose of the charity is: . To further the socia] and cultural '¢1[are of the mmunity of St Ann'5. Nottingham. The vision that shapes our annual activities remains the promotion and f05tering of communtty cohesion as well &% introducing others to the exciting multi*ultural enIrOnMent that is St Ann's. We hope to engage the Nottingham City area and display the w>sitive attributes that St Ann's has developed. The charity has the general aim of contributing to the qualit), of life of the people in the St Ann'5 area by expanding their horizons through the pmvision ot" exciting, challenging and accessible community events and professional programmes. Page 2
Chase NC Limited Trustees, Report Public benef The strategies employed to achieve the charity's aims and objectives are to: . Give the community a welcoming atmosphere encompassing a wide range of acttvities for the enjoyment and education of our local community- Offer opportunities for a broad rdnge of people to get involved in activities exploring their Ly)mmuNity, personal wellbeing and lifestyle. Provide facilities for the suppN)rt agencies and companies opernting across the city to hold events, meetings, activities and training. Involving the whole community, young and ol(L in activitie5 to encourdge the integration and preservation of cultures within our community. Celebrate the diversity of cultures within our society by involving the community, $UPPOrt agencies, lo¢al council and businesses in the planning. funding and orche5trdtion of events. To develop our learning and training hub to support rnembe of the community and Clients of the advice centre. towards finaThcial iThclusion through learning. edUtiOn and tKysitive job searching. Provide healthy Thutritional tn¢ais in our community caf¢. The centre relies on grants and the income from rents, room hite and service charges to eover its operating costs. Affordability and accessibility. is key to our aims and is reflected in our pricing wlicy. We endeavour to encourage all within our community to take part in our activiti¢5 and to attend our Centre. The trustees confirni that they have complied with the requirements of 5edion 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achi¢vemeDts performsnee The cafe has continued to attract residents and ivorkers in the area by providing healthy and affordable dishes at a reasonable cost. We have employed tsyo staff to ensure the cafe can be open all through the day. We ran 'Wami Hub, this winter on Wednesday evenings. It Was extraordinarily suc$ful with residents enjoying free hot meals, activities such as bingo and the chance to socialise. We also had adi'isors atten& to support 1th benefit issues and energy etTiciency matters. Christmas is always a busy time with an eldevs luncheon, children'5 parties and over 40 Christm&8 hampers to deliver to those residents, individua15 1 families in the community that were not in receipt of any knefits. The Charity has Continued to invest in making the building safe and accessible. We have also had the back decking reinstated and secured fimding to restore the wooden floorin8 in the cafe are and hall badi to its original Condition. We have repled chairs and thbles in the cale and installed new doors front and back. The team and volunteers have committed lots of time and effort to ensure the Centr¢ is able to provide a community space for r¢5idents and others, acros5 the city. We have been able to develop an My of exc¢lleTht resources with the corntinued help and &ssistance of the St Ami's Advice Group. the Renewal Trust. Small Steps Bi8 Changes (SSBC). Familv Mentoring Service. Nottinghani City Council through our local councilot3 (NCC) the UK Shared Prosperity Fund. Communities and Place, and the local community. We have a resolute team of volunteers that support the Centre. who are actively involved in decision making. We ar¢ confident that next year will see a fiuther increase in provision and usage of the centre. Flllaneial review Content with funding although it is always a priority piece of Nvork for the CEO. Policy on reserves The Trustees have estsblished a w)licy whereby th¢ unrestricted fun(ts not committed or invested in tangible fixed assets ('the free r¢serves') held by the charity should be three months of the total resour¢es. At this level, the Board feel that they iyould be able to wntinue the currcnt activities of the charity in the event of a signkficant drop ITh income. Page 3
Chase NC Limited Trnstees, Report Prlncipal riskn and unetrtainlies The café run5 at a loss and i5 currently subsidised by the St Anns Advice Group. Statement of Responsibilities The trustees {who are also the directors of Chase NC Limited for the purposes of company law) are responsible for preparing the tNstees' report and the financial statements in accordance applicable law and United Kingdom Accounting Standards (United Kingdom Generallv Accepted Accounting Prnctice}. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial siatements for each financial year. Under company law the trustees must not approve the financiaI statements unless they are satisfied that they give a true and fatr view of the State of affairs ol the charilable company and of the incoming re50urce3 and application of resources, including ils income and expendtture, of the Charitable company for that period. In prepartng these financial statements. the truste¢s are required to.. select suitable accounting policies and apply them consi5t¢ntly: observe the methods and principles in the Charities SOIiP; make judgements and estimates that are reasonable and prudent. State ivhether applicable accounting standards. comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financia] statements. and prepare the financi statements on the going concern basis unless it is inappropriaie to presume that the haritable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accurncy at any lime the financial position of the charitable company and enable them io ensure that the financial statrments comply with the Companies Act 2006. They are also responsible for safeguardÉn8 the assets of the charitable mpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Th¢ trustees are responsible for the maintenance and integrity of the COr)rate and financial infomiation included on the charitable company's website. Legislation governing the preparation and dissemination of financiat statements may differ from legislation in other jurisdictions. Small companies provision ststtmeDt This rep)rt has been prepared in accordance with the small companies regime under the Companies Act 2006. The arUal report was approved by the trustees of the charÈty oa . . and signed on its behalf by: Rev A Giles Trustee Page 4
Chase NC Limited Independent ExamiDer's Report to the trustees of Chase NC Limited ('the Company,) IndependeDt examiner'$ report to the tnisttes of Cb#se NC Limited {'the CompaDy') I report to the charity trustee5 on mv examination of the accounts of the company for the year ended 3 1 March 2025. Responsibilities and basi5 of report As the charity's tnte¢S of the Company (and also its directors for the purseS of company law) you are responsible for the preparalion of the aunts in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that th¢ accounts of the Company are Thot required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my ex3mination of your charity's accounts a5 carried out under s¢ction 145 of the Charities Act 2011 ('the 2011 Act.). In Ing out my xamination I have followed the Directions giveTh by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent ¢xaminer's st#tement I have completed my examination. I confm that no matters have come lo my atlention in connection with the examination giving me use to believe in any material respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 ACL or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirernents of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view thich is not a matter considered as part of an iThdependenl examination: or 4. the accounts have not been prepared in a¢cA)rdance with the methods and principles of the Statement of Recommended Prnctice for accounting and reporting by charities [applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable ITh the UK aThd Republic ol Ireland (FRS 10211- I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the acwwits to be reached. Eva Stevens. BSC, CPFA, etnplovee of Community Accountin8 Plus member of the Chartered Institute of Public Finance and Accountancy (CIPFA) Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page 5
Chase NC Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrtstrirted funds Total 2025 Total 2024 Note Ineome and EndoTrvmeDts from: Donations and legacies Charitsble activities 8,575 75,377 8,575 75.377 1.625 70,661 Total income 83,952 83.952 72,286 Expenditure OD: Charitable activities (88.161} (88,161) (73,501) Totsl expendire Net expenditure Net movement in funds ReconeiliatioD of funds (88,161) (88.161) (73.50 L) (4.209) 4.209) 1.215) (4.209) (4209) (1,215) Total funds brought fonvard Total fimds wried forward 128,159 128,li9 129.374 123,950 123.950 128,159 Ail of the charity's activities derive from continuing operntions during the above two periods. The fimds breakdown for the period is shown in note . The notes on pages 8 to 14 fom an int¢graE part of these financial statements. Page 6
Cbase NC Limited Olegistration llUD]ber: 06934839) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible as5e¢s 38.090 48,523 Current assets Debtors C&sh at bank and in Iwid 4.556 98,124 7.767 94.274 102,680 102.041 Creditors: Amounts falling due Trithin one year io (16,820) {22,405) Net current assets 85,860 79,636 Net assets 123,9iO 128.159 Funds of the Charity: Unrestricted income funds Unrestricted funds 123.950 128,159 Total fuDd$ 123.950 128.159 For the financial vear ending 31 March 2025 the charity entitled to exemption from audit under section 477 of the Companies Act 2006 relating small companies. DirectOTS' responsibilities: The members have not required the ¢harity to obtain an audit of its accounts for th¢ year in question in accordance with section 476. and The directors acknowledge their reswynsibilities for complying with the requtrements of the Act with respe¢t to accounting rewrds aThd the preparation of aw)unts. These financial statements have been Prepar in accordance with the special provisions lating to wmpanie5 subject to the small companies re8ime within Part 15 of the Companies Act 2006. ancial statements on pages 6 to 14 were approved by the trUe5. and authorised for issue on . aThd signed on their behalf by". Rev A Giles Trustee The notes on pages 8 to 14 form an integral part of these fmancial ststements. Page 7
Chase NC Limited Notes to the Financial Statements for the Year Ended 31 Marcb 2025 l Accounting policies Summary of significant accounting policies and key accounting estima¢es The principal accounting policies applied in the preparation ot" these financial statements are sel out below. These policies have been con5iStenily applied to the years presented, uThless otherwise stated. S¢atement of complianee The financial statements have been prepared in accordance M'ith Aceounting and Reporting by Charities: Statement of Recommended Practice (applicable to Charities preparing their &ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 20191 (Charities SORP {FRS 102)), the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. B45is of preparation Chase NC Limited meets the defmition of a public benefit entity UEthr FRS 102. Assets and liabilities are initially recognised at historical cort or transaction vatue unless otherwise stated Én the relevant accounting policy no*s. Going con¢ern The financial statements hav¢ been prepared on a going con¢em basis. The Iru51ees assess Ivhether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or coThdilions that mav cast significant doubt on the ability of the charity to continue as a going Concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Exemption from preparing a eash flow statement Under the exemption available to smaller charitie5 the Board of Trustees h&8 chosen not to include a Ststement of Cash Flows within the financial statements. Income gnd endowments Voluntary income including donations, gifts. l¢gacies and grdnts that provide core fimding or are of a general nature is recognised when the charity has entiilement the incom< it is probable that the income will be received and the amount can be medsured ivith sutTicient reliability. Dondhons and leg4cl£s Donations are recognised when the charity h&% been notified in TItIng of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance by the charity before the charity 15 entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly '1th1n th¢ control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivablé Grants are recognised when the charity has an entitlement to the lund8 and any conditions linked to the grants have been met. Where perfomance conditions are attached to the grani and are yet to be tneL the income is recogni5ed as a liability and included on the balance sheet as deferred income to be released. Page 8
Chase NC Limited Notes to the FiDancial Statements for tbe Year Ended 31 March 2025 Expelldltsre All expenditure is r¢cognised once there 15 a legal or constructive obligation to that expenditur4 It is probable settlement is required and the amount can be rnured reliably. All costs are allocated to the appli¢able expenditure heading thal aggregate similar costs to that category. Where costs winot be directly attributed to particular headin8s they have been allocated on a basis wnsistent with the use of resources. with central stsff costs allocated OTh the basis of time spen4 and depreciation charges allocated on the portion of the asset's use. Other support costs are allo¢ated based on the spread of stsff costs. Charltable aclivilie¥ Charitsble expenditure comprises those costs in¢urred by the charity in the delivery of its activitie5 and servi¢es for its beneficiaries. It includes EK)th costs that Can be allocated directly to such activities and those costs of an indirect nature necessary to suptKJrt them. Government gr*nts Govemment grants gre recogni5ed based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recogni5ed ITh income over the period in which the related costs are recognised. Grants relating to a55ets are recognis¢d over the expected useful life of the &8set. Where part of a grant relating to an asset is deferre4 it is reco8nÉsed as deferred income. Tax4ilon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it rneets the definition of a ¢harilable company for UK corporation tsx purw)ses. Accordingly. the charity is potentially exempt from t&xation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corpordtion Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purpK)ses. Tangible fixed assets Individu&l red assets costing £500.00 or more are initially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Depreciation aDd amortisatioD Depreciation is provided on tsngible fixed assets SO &S to write off the cost or valuation. less any estimated residual value. over their expected useful economic life as follows: Asset class Leasehold improvements General equipment Depreciation method aDd rate IOO/• straight line 15Y• straight line Tr4de debtors Trade debtors are amounts due from customers for merchandise sold or serviees perfornied in the ordinary Course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measur&1 at amortised cost Using the effectii'e interc5t Ineth0 lcss provision for impairnient. A pmvision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tern]s of the receivables. Page 9
Chase NC Limited Notes to the FillaDcial Statements for the Year Ended 31 March 2025 Cash and $h equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tern) highly liquid investments that are readily convertible to a kJK)wn amount of cash and are subject to an insignificant risk of change in value. Tr*de creditor5 Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are ¢la55tfied &% current liabilities if the charity doe5 not have an unconditional righL at the end of the rewrting period to defer settlement of the creditor for at least twelve months after the reporting date. If there is an uncondttional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilitie5. Trade creditors are recognised initially at the transaction price and subsequently measur¢d at amortised cost using the effe¢tiv¢ interest method. Fund structure Unrestricted income funds are general funds that are available for use at the tntees. discretion in furtherance of the objectives of the charity. 2 Ineome from donations and leg4cies Unrestricted funds General To¢al 2025 Total 2024 t)onations and legacies- Donations from companies. trusts and similar proceeds Grants. including capital grants" Governmeni grants 8,575 8,575 1,125 500 8.57) 8.575 1,625 3 lll¢ome from charitable activities urestrICted fujjds General Total 2025 Total 2024 Cafe InMe Rental income Events income 23,349 50,380 1,648 28.856 41.805 50,380 1.648 75.377 75.377 70.661 Page 10
Chase NC Limited Notes to the Financial Statements for the Year Ended 31 March 2025 4 Expenditure on charitable activities Unrestricted runds General Totsl 202) Total 2024 Staff costs Depreciation Cafe supplies Event costs Rates and water Insurance Light and heat Repairs and maintenance Waste & cleaning Sundry expenses Telephone Volunteer expenses Legal & professional Bank charges Training Recharges 15,866 15,866 10,433 10,419 3,391 2,561 ,576 15,229 23,694 ,566 243 158 15,000 10,576 14,235 3,869 328 2,997 12,135 9,175 1,701 186 429 80 2,790 10,419 3,391 2,561 1,576 15,929 23,694 1,566 158 1,577 402 184 ,577 402 184 88,161 88,161 5 Iyet incomingloutgoing resources Net outgoing resources for the year include: 2025 2024 Depreciation of fixed assets 10,576 6 Staff Costs The aggregate pa)ToII costs were a5 lolloH's- 2025 2024 Starrcosts during the year were: Wages and salaries 15,866 15,000 The salary costs detailed above are recharged from St Anns Advice Group. Key management personnel did not receive any remuneration in the year. Key management personnel are employed by St Anns Advice Group on a full-lime basis. Pagell
Chase NC Limited Notes to the Financial Statements for the Year Ended 31 March 2025 No employee received emoluments of more than £60,000 during the year. 7 Tangible fixed assets General equipment Leasehold improvements Totsl Cost At l April 2024 l.(W6 104,322 105,368 At 31 March 2025 1,046 104,322 105,368 Depreciation At l April 2024 Charge for the year 1,045 55.800 56,845 At J l March 2025 1.046 66,232 67,278 Net book value At 31 March 2025 38,090 At 31 March 2024 48,522 8 Debtors 202) 2024 Trade debtors Prepayments 3,392 1,164 405 7,362 4,556 7,767 9 Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 100 98,024 loo 94,174 98,124 94,274 10 Creditor5: amount5 falling due within one year 2025 2024 Trade creditors Other creditors Accruals 528 6,382 12,991 15,212 1.080 16,820 22,405 Page 12
Chase NC Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I I Charity status The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 12 Commitments Other financial commitments On J February 2010. the charity enlered into a 25 year lease on a property, The rent was set at a peppercorn rent, which has not yet been demanded, The charity is responsible for the repairs and maintenance of the property and responsible for the insurance costs. The totsl amount of other flnancial commitments not provided in the fmancial statements was £NAI (2024 - £Nil). 13 Analysis of net assets behveen funds Unrestricted 2025 Total funds General Tan(Jible fixed assets Current assets Current liabilities 38,090 109,680 (16,820) 38,090 102,680 (16,820) Total net assets 1 ?3,950 12J,950 Unrestricted 2024 Total funds General Tangible fjxed assets Current assets 48,523 102,041 (22,405) 102,041 (2?,405) Current liabilities Total net assets 128,159 128,159 14 Fees payable to independent examiner During the period, the fees payable (excluding VAD to the charitv's independent examiner Community Accounting Plus are analysed as folloM'5- 2025 2024 Independent examination 900 900 Page li
Chase NC Limited Notes to the Financial Statements for the Year Ended 31 March 2025 15 Taxation The charity is a registered charity and is therefore exempt from corporation taxation. 16 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 17 Related party transactions During the year the charity made the following related party transactions: St Anns Advice Group Throughout the year, the following trustees of St Amis Advice Group have also been directors of Chase NC Limited G Everitt Rev A Giles R Bird F Sowunmi During the year Chase NC charged SAAG rental of £11,856 (2024: £11,856) per annum and service charges of £4,876 (2024= £4,876) SAAG recharged Chase NC wages 2025.. £15,866 (?0?4: £15.000). The charity provided was provided with a loan from SAAG to refurbish the kitcheT], wages and other expenses. The amount outstanding at the year end was £11,967 (2024- £11.967). The loan is interest free and is repayable on demand At the balance sheet date the amount due to St Anns Advice Group was £15,212 (2024 - £12,991). Page 14