REGISTERED COMPANY NUMBER: 06828970 (EDgland and Wale5} REGISTERED CHARITY NUMBER: 1138132 Report of the Trustees #Thd Uoaudited FioaD¢lal Ststements for the YeaT EDded 31 Mareh 2024 for Nottlngh4m Equal Limhed Brockhur5t Davies Limited I l The Office Village North Road Loughborough Leicestershire LEI I IQJ
Nottillgham Equal Llmiied Colltenls of the FiDancial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report ststemellt of FiDanci41 Activities Balanc¢ Sheet Note5 to the Fln4nelal Statements 7 to 12 Detailed Statement frf Fillancial Activities 13
Nottingbam Equal Limlted Report ofihe Trustees ror the Year Ended 31 March 2024 The trustees who are also director5 of the charity for the purposes of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2019). OBJECTIVES AND AcrtVlTIES Aetivltles Nottingham Equal is an umbrella organisation and provide5 a range of services which includes advocacy on behalf of the visible and non-visible minority ethnic 0UpS, working to widen participation between all minority groups and wider ommunities, facilitating cohesion and develop good relationships. FINANCIAL REVIEW Fillanelal positlo The charity made an overall surplus of £6,023 in the period ending 3 1st March 2024. The charity still has a CLunulalive surplus of £50,280. There is unlikely to be fijnding from Nottingham City Council from 2024125 onwards due to their fanCial position, however the Charity only Spends what it reeeives and has a negligible amount of overheads so it will not tmmediately impact going conrxm due to the surplus held. STRUCTURE, GOVERNANCE AND MANACEMENT Governing document The charity is controlled by its goveming document, the Memorandum and Articles of Association as amended by Spe¢ial Resolution on 25 AugLLSt 2010, and constitutes a limited company, limited by guarantee, as defined by the Compatlles Aet 2006. REFERENCE AM) ADMINISTRATIVE DETAILS Reglstered Company llumber 06828970 (England and Wales) Registered Cbarity numb¢T 1138132 Registered office P.A.r.R.A Inc ACDA Howitt Buildin& Lenton BUsinS Centre, Lenton Bouleyard Nottingham NG72BY Trnstees T Browie Mrs T E Edwards Dr M Hussain M Riasat A S Sangherd Mrs S Sharif Professor C Wright Page I
Nottingham Equ81 Llmit¢d Report of the Trustees for the Year fndtd 31 March 2024 REFERENCE AND ADMINISTRATtV£ DETAILS Independent Examiner BTockhur5t Davies Limited I l The Office Village North Road Loughborough Leicestershire LEII IQJ Approved by order of the board of trustees on 16 December 2024 and signed on its behalf by.. T Browie- Trustee P8ge 2
IndepeNdent Examiner's Report to the Trustees of Nottingham Equal Limited Independent examiner's report to the trustees of Nottingham Equal Limited ('tbe Company,) report to the charity trustees on my examination of the Accounts of the Company for the year ended 31 March 2024. Responsibilities basis of report As the charity's trustee5 of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the account5 in accordance with the requirements of the Companies Act 2006 (*he 2006 Acr). Having satisfied myself that the accounts of th¢ Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your Charitys accounts as carried out under Section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b} of the 2011 Act. IDdependent exgmlner's ststement have completed my examination. I confm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Seetion 386 of the 2006 Act,. or the accounts do not accord with those records. or Ihe a¢counts do not ¢omply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a t and fatT view which is ntst a matter considered as part of an independent examination,. or the accounts have not been prepared in ac£ordance with the methods and principles of the Statement of Recommended Pra¢tice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no Concen and have come across no other matters in connection with the examination to which attention should be drawn in this rep(>rt tn order to enable a proper understanding of the accounts to be rea¢hed. Amanda Bentley Brockhurst Davies Limited I l The Office Village North Road Loughborough Leicestershi LEI I IQI Date.. l G JecLMtw 2oit Page 3
Nottingham Equal Limited Statement of Fin8ncial Activities for the Year Ended 31 March 2024 2024 Total fullds 2023 Total fijnds Unrestricted fund Restricted fimd Notes INCOME AND ENDOWMETrfFS FROM Other tradsng activitie5 84,695 84.695 98.468 EXPENDITURE ON Raising fidS 4J74 4J74 8.548 Charitable activities Community of Identities 73,718 73,718 89,297 Totsl 78,092 78,092 97,845 NET INCOME 6,603 6,603 623 RECONCILIATION OF FUNDS Total funds brought forward 6,108 37,569 43.677 43,054 TOTAL FUNDS CARRIED FORWARD 6,108 44,172 50,280 43.677 The notes fomi part of these financial statements Page 4
Nottinghgm Equal Limited BalaDce Sheet 31 March 2024 2024 Total funds 2023 Total fiu]d5 Unrestricted Restrlcted fimd Not¢5 FIXED ASSETS Tangible assets 458 458 ,213 CURRENT ASSETS Debtors C&sh at bank 9,330 9J30 44,172 1,863 79.510 44,172 9,330 44,172 53,502 81.373 CREDITORS Amounts falling due within one year (3,680) (3,680) (38,909) NET CURRENT A&SETS 5,650 44,172 49,822 42,464 TOTAL ASSETS LESS CURRENT LIABILITIES 6,108 44.172 50,280 43,677 NET ASSETS 6.108 44,172 50,280 43.677 FUNDS Unrestricted funds Restricted ftjnds 6.108 44,172 6,108 37.569 TOTAL FUNDS 50.280 43,677 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company lo obtsin an audit of its financial statements for the year ended 31 March 2024 in accordance with Se¢tion 476 of the Companies Act 2(M)6. The trustees 2cknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with SectEons 386 and 387 of the Companies Act 2006 and preparing fuiancial statements which give a true and fair view of th¢ state of affairs of the charitable company a5 at the end of each fmancial year and of its surplus or deficit for each fllJan¢ial year in accordance with the r4uirements of Sections 394 and 395 and which otherwise comply with the requiTements of the Companies Act 2006 relating to financial statements, 50 far as applicable to the charitsble company. (bl The notes fomi part of these financial statements Page 5 continued...
Nottingham Equal Limited Balanet Sheet- contined 31 March 2024 These financial statements have been prepared in accordance with the provision5 applicable to charitable co]npanies subject to the small companies regime. The fmancsal statements were approved by the Board of Trustees and authorised for issue on 16 December 2024 and were signed on its behalf by.. T Browne- Trustee Th¢ notes forni part of these financial sthtements P&ge 6
Nottingham Equal Lim5ted Notes to the FinaD¢ial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared tn accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chaTjties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard app]ib]e in the UK and Republic of Ireland, and the Companie5 A¢t 2006. The financial statements have been prepared under the historical cost convention. IMcome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is pr(>bable that the income will be received and the amount Can be measured reliably. Expenditure Liabilities are reCOlSed as expenditure as soon as theTe is a legal or constrnetive tsbligation committing the charity to that expenditure. it is probable that a transfeT of economic benefits will be required in settl¢ment and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on 8 basis consistent with the use of resources. Grant5 offered subjeet to CO[ltIonS which have not been met at the year end date are noted as a commitment but not ae¢Thed as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usetul life. Plant and machinery 25Q/y on cost Taxation The charity is exempt from cotyoration tax on its charitable activities. Fund aecountlng Unrestricted funds be used in accordatjce with the charitable objectives at the dtscretion of the tn]stees. Restricted fjjnds can only be used for particular restricted pujposes within the objects of the charity. Restrietions arise when specified by the donor or when fi]nds are raised for particular restricted putposes. Further explanation of the nature and pUoSe of each fut]d is included in the note5 to the fmancial statements. Page 7 ¢ontinued...
Nottingham Equal Limittd Notes to the Financi81 Statements- ¢oDtinued ror the Year EDded 31 March 2024 OTHER TRADING ACflVtTIES 2024 2023 Grants Sponsorships 84,69S 97.468 1,000 84,695 98.468 RAISING FUNDS Investment management eosls 2024 2023 Rent and rates 418 1,000 INCOMEI(EXPEf+4DITURE) Net incomellexpenditure) is 5t8ted after chargingl(crediting): 2024 2023 Deprlation- owned assets 755 755 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustee5' expenses There were no trustees, Gyenses paid for the year ended 31 March 2024 nor for the year ¢nded 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted fijnd Restricted fund Total fiuJds INCOIVIE AND ENDOWMETrUS FROM Oth¢r trading 2Ctivitie5 98.468 98,468 EXPENDITURE ON Raising funds 8,548 8,548 Charit4ble activitie5 Community of Identitie5 89297 89,297 Total 97,845 97,845 NET INCOME 623 623 Page 8 continued...
Nottingham Equal Limited Notes to the Fin&ncial Stgtements- eoDtinued for the Year Ellded 31 M*r¢h 2024 COMPARATJVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fid fimd Total fLtnds RECONCILIATION OF FLTrIDS Total fid5 brLiught forward 6,108 36,946 43,054 TOTAL FUNDS CARRIED FORWARD 6.108 37.569 43,677 TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2023 and 31 March 2024 DEPRECIATION At l April 2023 Charge for year 4,288 3.075 755 At 31 March 2024 3,830 NET BOOK VALUE At 31 March 2024 458 At 31 March 2023 1,213 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and dNed income 8,899 431 1,399 464 9a30 1,863 Page 9 continued...
Nottingham Equ41 Llmited Notes to the Flnanelal Statements- continued for the Year Ended 31 Mareh 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts {see note 10) Trade cieditors Social security and other taxes Other ¢reditors Accruals and deferred income 2,162 16 14 37,393 1,500 I,soo 3,680 38,909 io. LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amount5 falling due within one year on demand.- Bank overdrafts 2,162 ii. MOVEMENT IN FUNDS Net movement in fimds At 1.4.23 At 31.3.24 Unrestrlcted fulld$ General fvnd 6,108 6,108 Restrieted funds Restricted Funds 37,569 6.603 44,172 TOTAL FUNDS 43.677 6,603 50380 Net movement in flds, included in the above are as follows.. Incoming reSoue5 Resowces expended Movement in funds Restrleted funds Restricted Funds 84,695 (78,092) 6,603 TOTAL FUNDS 84,695 (78,092) 6,603 Page 10 continued...
Nottingham Equal Limlted Notes to the Finant131 Statements- contlllued for the Ye8r Ended 31 Marclt 2024 MOVEMENT IN FUNDS- continued Comparatlves for movement in funds Net movement in funds At 1.4.22 At 31.3.23 Unrestricted fuDd5 Gen¢ral fimd 6,108 6,108 Restricted funds Restricted Funds 36.946 623 37,569 TOTAL FUNDS 43.054 623 43,677 Comparative net movement in fimds, included in the above are as follows.. Incoming r¢sourc¢s Resources expended Movem¢nt in funds Restricted funds Restricted Funds 98,468 (97,845) 623 TOTAL FUNDS 98.468 (97,845) 623 A wrrent year 12 months and prior year 12 months combined position is as follows.. Net movement in fvnds At 1.4.22 At31.3.24 Unrestrffitted fullds General fund 6,108 6,108 Restricted funds Restricted Funds 36,946 7,226 44.172 TOTAL FUNDS 43,054 7226 50,280 Pagell continued...
Nottlnghatm Equal Llmited Notes to the Financial St8t¢mtllts- continued for the Year Ended 31 Mareh 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement lll funds, included in the above aTe as follows: Incoming Te50urces liesources expended Movement in funds Restrleted funds Restricted Funds 183,163 (175,9371 7,226 TOT AL FUNDS 183,163 {175,937) 7.226 12. REIATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. LIABILITY OF MEMBERS 13. The liability of the Jnembers is limited. Every member of the charity promises, if the charity is dissolved while he or she or it is a member or within 12 mgnths after she of he or it ceases to be a member, to contribute surh sum (not exceeding £10) as may be demanded of him or her or it towards the payment of the debts and liabilities of the ¢harity incurred before he or she or it ceases to be a metnber, and of the costs charges and expenses of winding up, and the adjustments of the rights of the contributories among them5¢1ves. Page 12
Nottingham Equal Limlted Detailed Statement of Financial Aetivities ror the Yegr Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Other tradlDg aetivities Grants Sponsorships 84,695 97.468 1,000 84,695 98,468 Total incoming resources 84,695 98,468 EXPENDITURE Other trading activlties Consultancy fees 3,956 7,548 Investment management eosts Rent and rates 418 1,000 Charltable 8Ctivltles Postage and stationery Grants to institutions 30 81,240 67,446 67,446 81,270 Support Costs Other Insurance Sundries & special events Plant and machinery 824 3,193 755 615 5,157 755 4,772 6,527 Governxnce eosts Accountancy and legal fee5 1,500 1,500 Totsl resources expended 78,092 97,845 Net illcome 6,603 623 This page doe5 not fotTh part of the statutory financial statements Page 13