Company Registered number 11560800
Charity Number 1184205
## Neighbourhood Resource Centre
Report of the Trustees and Unaudited Financial Statements for the Year Ended
31 March 2023
## **Neighbourhood Resource Centre Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Report of the Trustees|2|
|Accountants' report|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the accounts|7|
## **Neighbourhood Resource Centre Company Information**
## **Directors**
S Rahman H Rahman G Miah
## **Accountants**
Brothers Accountants Ltd Chartered Certified Accountants 441 High Street North London E12 6TJ
## **Registered office**
Neighbourhood Resource Centre C/O Prestige Hall Ventnor Street Bradford BD3 9JP
**Registered number** 11560800
**Charity number** 1184205
1
**Neighbourhood Resource Centre Registered number: 11560800 Report of the Trustees**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
1. S Rahman 2. H Rahman 3. G Miah
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
NRC Trustees have complied with duty as outlined by the 2006 charities Act. A dedicated trustee has been responsible for presenting up to date information to the board in regards to Charity Commission Guidance, Public Benefit.
A dedicated trustee has also been responsible for looking at risk assessments and health and safety whilst delivering NRC activities.
The Charity is run by the trustees as listed on the legal and administrative information page.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
The charity's objects are to advance and deliver community projects based around education, health, sports, environment, equalities and other charitable needs.
To focus on meeting the needs of local people and to help the community to form action for positive change.
Neighbourhood Resource Centre (NRC) is a community centre which, aims to work together with voluntary and community organisations in a common effort to advance education, to provide facilities in the interest of social welfare and for recreation along with other leisure time occupations with the objects to improving the conditions of life of local people.
## **FINANCIAL REVIEW**
2
**Neighbourhood Resource Centre Registered number: 11560800 Report of the Trustees**
The charity received income of £131,550 (2022: £299,701) during the year. After payment of outgoing expenses of £114,216 (2022: £224,009), the charity was left with a net income of £17,335 (2022: £75,692).
This report was approved by the board of trustees on 16 April 2024 and signed on its behalf.
S Rahman Trustee
3
Neighbourhood Resource Centre
IndfrpBndent Examinert5 Report to the Trustees of
Ne*3htourhood Resource Cenire
I report on Ihe a¢counls lor the year ended 31 March 2023 sel out on pages four lo eight.
Respective responsibililie$ of trustees and examiner
The charllls Iiustees Iwho are also the director5 lor the purposes of company lawl are responsible lor the
preparal'on of the accounts. Th8 charit15 trustees )nSider that an audit is not required for this year
(under Section 144121 of the. Chariknes Act 2011 Ilhe 2011 Aclll and that an in¢Jep&ndenl examinaiion is
required.
Having satisfied myself ihat Ihe charity is not subje¢t to audit under company law and is eligible for
examine the accounls under Section 145 of the 2011 Act
lo follow the procedures laid down in the General Directions given by the Charity
lo stale whether partscular matt8rs hava corne to my 8ttèntion.
Basls of the Independent examlnÈr'$ report
examination was carried out in accordan wth Ihe General Directions given by Ihe Charity
Cornmissn. An exan7inalion indudes a review of the accDvnting records kept by the charity and a
comparison of thè accounts prèsèntèd with thos8 r8cords. It also includ85 considgrstion of any unusual
iierns or (Jisdosures in the accounts. and seeking xplanat'ons from you as trustees concerning any such
matters. The procedures undertaken do not provide all the evidence th8t wodd be required in an audit,
and onsequenly no opinion Is given as to whether the accounts present a 'true and lair ' and the
repoil is limited to those matter5 set oul in the slalgrnents bdow.
IDdependent examlnerfg Statem¢nt
In connection wrth my gxamination, no matt8r has corno lo my attention..
111 Which gives me reasonable cause lo believe Ihal. in any material respect. the requirements
E to keep accounting record5 in accordance with Section 386 and 387 of the Compani85
I to prepare accwnts which accord with the accounting records, CoMY with the
accounting fyquirements of Saclions 394 and 395 of the Companies Aci 2006 anij
wilh methods and principles of the Statement of Recommended Practice..
Accountino and Reporting by Charities have not been rnet., or
121 to which, In my opinion, att8nlion should be drawn in order to enable a proper
understanding ol the acLounts to be reached.
Md Kaykubad Adil Chowdhury. FCCA
Broth&rs Accountants Ltd
Chartered C8rtifi8d Accounlants
441 4igh Street North
Lon(JDn
E126TJ
16 Apnl 2024
Brothers Accountants Ltd
Chartered Certified Ac¢ountants
441 High street North, London, E12 6TJ
Teiilax.. 02085481QOO 4Aob'. 07741289667
## **Neighbourhood Resource Centre Statement of Financial Activities for the year ended 31 March 2023**
|**Notes**
**Incoming Resources**
**Incoming resources from generated funds**
**Activities for generating funds**
1
**Total Income**
Interest receivable
**Total incoming resources**
Resource expended
Governance and other costs
**Net Incoming / (outgoing) resources**
Reconciliation of funds
Total funds brought forward
Total funds carried forward|**2023**
**£**
131,551
131,551
-
131,551
(114,216)
17,335
114,796
132,131|**2022**
**£**
299,701
299,701
-
299,701
(224,009)
75,692
39,104
114,796|
|---|---|---|
5
**Neighbourhood Resource Centre Registered number:** 11560800 **Balance Sheet as at 31 March 2023**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
6
**Net assets**
**Funds**
Unrestricted funds
**Total funds**|**2023**
**£**
470,000
88,851
88,851
(53,366)
35,485
505,485
(373,354)
132,131
132,131
132,131|**2022**
**£**
-
167,442
167,442
(52,646)
114,796
114,796
-
114,796
114,796
114,796|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
S Rahman Trustee Approved by the board on 16 April 2024
6
**Neighbourhood Resource Centre Notes to the Accounts for the year ended 31 March 2023**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings No depreciation charge
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
7
## **Neighbourhood Resource Centre Notes to the Accounts for the year ended 31 March 2023**
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
|**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
**4**
**Creditors: amounts falling due within one year**
Other creditors
**5**
**Creditors: amounts falling due after one year**
Loans (Community Building Project)|**2023**
**Number**
1
**Land and**
**buildings**
**£**
-
470,000
470,000
-
-
-
470,000
-
**2023**
**£**
53,366
53,366
**2023**
**£**
373,354
373,354|**2022**
**Number**
1
**Total**
**£**
-
470,000
470,000
-
-
-
470,000
-
**2022**
**£**
52,646
52,646
**2022**
**£**
-
-|
|---|---|---|
8
## **Neighbourhood Resource Centre Notes to the Accounts for the year ended 31 March 2023**
## **6 Other information**
Neighbourhood Resource Centre is a private company limited by guarantee (not having a share capital) and registered charity which is incorporated in England. Its registered office is: Neighbourhood Resource Centre Ventnor Street Bradford BD3 9JP
9
## **Neighbourhood Resource Centre Detailed Statement of Financial Activities for the year ended 31 March 2023**
_This schedule does not form part of the statutory accounts_
||Notes||**2023**|**2023**|**2,023**|**2022**|
|---|---|---|---|---|---|---|
||||**Unrestricted**|**Restricted**|**Total**|**Total**|
||||**Funds £**|**Funds £**|**Funds £**|**Funds £**|
|**Incoming resources**|||||||
|**Activities for generating funds**|||||||
|Grants||3|18,055|57,465|75,520|133,189|
|Venue hire- Pretige Hall||4|-|49,731|49,731|48,866|
|Office rent||4|-|5,900|5,900|5,400|
|Other income||5|-|400|400|112,246|
|**Total incoming resouces**|||**18,055**|**113,496**|**131,551**|**299,701**|
|**Resouce expended**|||||||
|**Expenses**|||||||
|Cleaning|||-|3,731|3,731|4,390|
|Sports equipment|||-|-|-|14,211|
|Equipment|||-|155|155|-|
|Utility cost|||-|9,901|9,901|2,547|
|Advertisement|||-|-|-|343|
|Accountancy|||-|1,570|1,570|-|
|Insurance|||-|-|-|1,814|
|Repair & maintenance|||-|20,089|20,089|7,412|
|Event catering and management fee|||-|2,486|2,486|-|
|Activity cost|||-|1,300|1,300|8,923|
|Business rates|||-|960|960|570|
|Marketing|||-|2,580|2,580|-|
|Meals|||-|5,782|5,782|-|
|Project delivery|||-|12,155|12,155|25,289|
|Staffing|||-|30,427|30,427|33,824|
|Telephone/Internet|||-|860|860|-|
|Venue hire|||-|3,500|3,500|-|
|Rent|||-|16,075|16,075|12,427|
|Refurbishment|||-|-|-|15,198|
|Running cost|||-|-|-|214|
|Security cost|||-|-|-|6,227|
|Covid loan repayment|||-|-|-|30,000|
|Interest on covid loan|||-|1,970|1,970|185|
|Legal costs|||-|675|675|435|
|Community building project|||-|-|-|60,000|
|Total resouce expended|||-|114,216|114,216|224,009|
||||||||
|**Net Income/ (expenditure)**|||18,055|(720)|17,335|75,692|
10