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2025-03-31-accounts

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

REGISTERED COMPANY NUMBER: 01202541 (England and Wales) REGISTERED CHARITY NUMBER: 269325

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Nucleus Community Action Ltd

Grant Harrod Lerman Davis LLP Chartered Accountants Statutory Auditors Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Contents of the Financial Statements for the year ended 31 March 2025

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 24

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

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 2025. 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's mission is to educate, inform, and advise users. Our objectives are to combat poverty through education and by providing expert access to advice and assistance in areas of social welfare law.

Our approach involves actively engaging vulnerable clients in assessing their problems, considering their options, advising them on the likely consequences, and supporting them to choose the best way forward. There have been no changes to our objectives or approach during the year.

We believe this approach enables and empowers service users to take a central role in decisions that affect their lives, while also supporting them in creating plans to address both immediate and long-term issues.

The role and contribution of volunteers

Volunteers, including law students and university placements, continue to play a vital role in delivering our services and achieving our goals-particularly in recent years.

We rely on the time, skills, and shared commitment to social justice that volunteers bring to every team and area of our organisation.

Over the past year, more than 100 volunteers have supported our work, contributing alongside paid staff across the charity.

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES Celebrating 50 years of fighting for social justice

This year, we proudly celebrated 50 years of fighting for social justice.

Our guiding principle has always been simple but powerful: to provide the right advice at the right time - delivered by people who understand both the system and the needs of local communities. We don't just respond to urgent problems; we work to tackle the underlying issues that drive poverty and hardship.

To mark our anniversary, nearly 200 partners and community supporters came together to celebrate our shared work and to put our collaborative approach firmly centre stage.

All our services are delivered through partnership - whether with statutory bodies like RBKC Housing Needs or through voluntary networks such as the Ealing Consortium and the Hillingdon Advice Partnership. Together, we create greater impact than any of us could achieve alone.

Much has changed over the past five decades. We have seen the introduction of equality laws and the strengthening of rights for vulnerable and homeless people-hard-won gains that deserve both recognition and protection.

Yet over this same period, the housing situation for Londoners-particularly in Central and West London-has deteriorated dramatically. The cost of housing has soared far beyond affordability, while overcrowding is once again becoming as severe and widespread as it was in the 1960s.

Despite rents reaching record highs, investment in housing has failed to keep pace. Increasing numbers of homes are falling into disrepair-blighted by poor insulation, damp, and in some cases, outright danger. Disturbingly, we are seeing people forced to live in converted garages and outbuildings, with makeshift insulation, unsafe wiring, and inadequate plumbing-a return to living conditions we thought had been left in the past.

Meanwhile, the social welfare system-meant to be a safety net in times of crisis-has grown increasingly unfit for purpose. It is slow to respond, and when it does, the help offered is often too little and too late. Those who rely on it for more than a short spell often find themselves sinking into debt-and, all too often, into deep and persistent poverty.

Our work across west London

We work across West London in partnership with not-for-profit and statutory organisations to improve the lives of the most vulnerable in our communities.

From Uxbridge on the western edge of London to World's End in the heart of Chelsea, we bring housing, debt, and welfare rights expertise to where it's needed most.

Our approach combines:

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

OBJECTIVES AND ACTIVITIES

Hillingdon

This year we joined the Hillingdon Advice Partnership, led by Age UK HHB in collaboration with DASH (Disability Rights), Bell Farm (Migrant Rights), and Nucleus.

We will lead and provide:

Kensington & Chelsea

We pledged, entering our 51st year, to strengthen partnership working. Over the financial year, we have:

Next year: We will prioritise developing new partnerships with grassroots groups on the World's End Estate.

Ealing

Our consortium of 13 charities, lead by Ealing Mencap, continues to deliver vital advice services, including:

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Hillingdon

This year we joined the Hillingdon Advice Partnership, led by Age UK HHB in collaboration with DASH (Disability Rights), Bell Farm (Migrant Rights), and Nucleus.

We will lead and provide:

Public benefit statement

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity's activities.

Financial position

The Statement of Financial Activities showed a net surplus for the year of £62,512 (2024 - surplus of £259,708) and total reserves at the year-end stand at £1,179,713 (2024 - £1,117,201).

At the year end the free reserves carried forward excluding tangible fixed assets totalled to £396,876 (2024 - 393,858) of which £347,000 (2024 - £347,000) was designated to building maintenance, furniture and equipment, staff contingency and computer development.

Restricted funds carried forward totalled to £484,195 (2024 - £358,507).

The Charity endeavours to run on a balanced budget in delivering the various activities carried out by Nucleus.

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Principal risks and uncertainties

The Directors and Trustees have identified the major risks to which the Charity is exposed and are confident that appropriate systems are in place to mitigate those risks. The Charity's Organisational Risk Assessment has been reviewed accordingly.

The Charity makes limited use of financial instruments beyond an operational bank account and an investment in a common investment fund. As such, its exposure to price risk, credit risk, liquidity risk, and cash flow risk is not material to the assessment of its assets, liabilities, financial position, or financial performance.

The main risks to our ability to deliver effective services that tackle the root causes of poverty include:

The Trustees and Director have taken proactive steps to address and mitigate these risks.

A key external risk for a small, independent organisation such as ours is over-reliance on grants, contracts, or a single funding source. We are actively working to diversify our income and strengthen strategic partnerships to reduce this vulnerability.

Minimising Risk and Maximising Impact

At Nucleus, we work to minimise risks by:

Staying True to Our Charitable Aims

We believe the key to achieving our charitable aims is:

Valuing People and Building a Strong Team

We recognise that the passion and commitment of our staff and volunteers is central to our success. Retaining good people is an ongoing challenge in the charity sector, and we are committed to doing our part.

We aim to:

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT

Principal Funding Sources

Nucleus receives funding from a diverse range of sources, as detailed in Notes 2 and 3 of the accounts. These include statutory funding, grants from charitable trusts and commercial organisations. The charity also raises funds through a number of sponsored initiatives.

We are proud to have developed a broad funding base to support our activities. Our current funders include:

We extend our sincere thanks to all of the above for their continued support. Without their commitment and understanding of the issues we address, we would not be able to deliver our work.

Investment Powers

Under the Memorandum and Articles of Association, the Charity has the power to invest in any way the Trustees deem appropriate. The Charity endeavours to maximise income through effective use of its free financial resources.

Reserves Policy

The Directors and Trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover the Charity's contractual commitments and provide sufficient working capital. A minimum reserve level of between three and nine months' expenditure has been set. This approach supports our independence by enabling us to: - Underwrite new projects

Staff Remuneration and Emerging Risks

The Directors and Trustees have identified the availability of adequate direct and indirect compensation as a growing risk to service delivery. While Nucleus has traditionally remained competitive by offering indirect benefits-such as flexible working arrangements, particularly around homeworking and caring responsibilities-this landscape is changing.

As a progressive anti-poverty charity, we believe that acting as a model employer is central to our mission. We are committed to continually reviewing and protecting staff rights and remuneration. The Trustees reaffirm their commitment to developing and maintaining fair and sustainable direct and indirect compensation for all staff.

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

STRATEGIC REPORT Future plans

The need for our services is greater than ever.

A recent review of demand over the past three years shows a dramatic rise in the number of people turning to us for help.

This surge reflects a broader trend: far too many Londoners are living in precarious and insecure conditions. Low wages, coupled with high housing costs, mean that housing has become increasingly unaffordable. On average, our clients are spending 40% of their income on housing, with many forced to divert money away from food and heating just to keep a roof over their heads.

Our client feedback tells us that people want to regain control of their lives - not only by accessing support, but often by building the resilience to avoid needing it. What they consistently say they need most is:

Our Commitment for the Year Ahead

In response, Nucleus will continue to grow and adapt our services to tackle poverty and its effects head-on. We are committed to:

Charitable and political donations.

During the year the Charity made no political or charitable donations.

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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

01202541 (England and Wales)

Registered Charity number

269325

Registered office

298 Old Brompton Rd Earls Court London SW5 9JF

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

Trustees

R W Allan C Donkoh C Eder C German J R Hiscock A D Murdie Mrs A Nizam-Poublan (appointed 1.7.2025)

Company Secretary

B Badesha

Auditors

Grant Harrod Lerman Davis LLP Chartered Accountants Statutory Auditors Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Nucleus Community Action Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Grant Harrod Lerman Davis LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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Nucleus Community Action Ltd

Report of the Trustees for the year ended 31 March 2025

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 9/26/2025

........................................................................ Trustee Alan Murdie

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Report of the Independent Auditors to the Members of Nucleus Community Action Ltd

Opinion

We have audited the financial statements of Nucleus Community Action Ltd (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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Report of the Independent Auditors to the Members of Nucleus Community Action Ltd

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Report of the Independent Auditors to the Members of Nucleus Community Action Ltd

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have considered the nature of the company's industry and its control environment, and reviewed the company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company which would be contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with the UK's Companies Act regulations and tax legislation.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We focused on laws and regulations that could give rise to a material misstatement in the company financial statements.

Our tests included, but were not limited to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Report of the Independent Auditors to the Members of

Nucleus Community Action Ltd

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jeremy Harrod FCCA (Senior Statutory Auditor) for and on behalf of Grant Harrod Lerman Davis LLP Chartered Accountants Statutory Auditors Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX 9/26/2025 Date: .............................................

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Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Statement of Financial Activities for the year ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Charitable activity
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
Charitable activity
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
34,940
247,522
9,604
292,066
355,242
(63,176)
758,694
695,518		 Restricted
funds
£
-
718,345
-
718,345
592,657
125,688
358,507
484,195		 2025
Total
funds
£
34,940
965,867
9,604
1,010,411
947,899
62,512
1,117,201
1,179,713		 2024
Total
funds
£
249,158
782,635
11,429
1,043,222
783,514
259,708
857,493
1,117,201

The notes form part of these financial statements

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Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Prepayments and accrued income
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
298,642
24,650
36,152
415,652
476,454
(79,578)
396,876
695,518
695,518		 Restricted
funds
£
-
-
-
484,195
484,195
-
484,195
484,195
484,195		 2025
Total
funds
£
298,642
24,650
36,152
899,847
960,649
(79,578)
881,071
1,179,713
1,179,713
695,518
484,195
1,179,713		 2024
Total
funds
£
305,828
17,109
5,786
877,306
900,201
(88,828)
811,373
1,117,201
1,117,201
758,694
358,507
1,117,201

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 9/26/2025

............................................. Trustee Alan Murdie ............................................. Trustee Roy Hiscock

The notes form part of these financial statements

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Nucleus Community Action Ltd

Cash Flow Statement
for the year ended 31 March 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
18,037
Net cash provided by operating activities
18,037
Cash flows from investing activities
Purchase of tangible fixed assets
(5,100)
Interest received
9,604
Net cash provided by investing activities
4,504
Change in cash and cash equivalents in
the reporting period
22,541
Cash and cash equivalents at the
beginning of the reporting period
877,306
Cash and cash equivalents at the end of
the reporting period
899,847		 2024
£
150,496
150,496
-
11,429
11,429
161,925
715,381
877,306

The notes form part of these financial statements

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Nucleus Community Action Ltd

Notes to the Cash Flow Statement for the year ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease in creditors
Net cash provided by operations		 2025
£
62,512
12,286
(9,604)
(35,554)
(11,603)
18,037		 2024
£
259,708
9,130
(11,429)
29,072
(135,985)
150,496

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank 877,306 22,541 899,847
877,306 22,541 899,847
Total 877,306 22,541 899,847

The notes form part of these financial statements

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Nucleus Community Action Ltd

Notes to the Financial Statements for the year ended 31 March 2025

1. 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 in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement 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 a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost Computer equipment - 50% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

2025 2024 £ £ Donations 34,940 249,158

continued...

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Nucleus Community Action Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2025
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Charitable activity
Grants received, included in the above, are as follows:
Garfield Weston - grant
Mayor's Fund
GLA Mayor's Fund
Income from Room Hire
Student Placement
Donations
Performance related grants
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activity
910,292
6.
SUPPORT COSTS
Charitable activity
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets

continued...

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Nucleus Community Action Ltd

Notes to the Financial Statements - continued for the year ended 31 March 2025

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Advice
Administration		 2025
£
667,094
667,094
2025
16
2
18		 2024
£
632,588
632,588
2024
15
2
17
The number of employees whose employee benefits (excluding employer pension costs) exceeded The number of employees whose employee benefits (excluding employer pension costs) exceeded The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2025 2024
£60,001 - £70,000 1 1
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies - 249,158 249,158
Charitable activities
Charitable activity 396,863 385,772 782,635
Investment income 11,429 - 11,429
Total 408,292 634,930 1,043,222
EXPENDITURE ON
Charitable activities
Charitable activity 305,505 478,009 783,514
NET INCOME 102,787 156,921 259,708
RECONCILIATION OF FUNDS
Total funds brought forward 655,907 201,586 857,493

continued...

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Nucleus Community Action Ltd

Notes to the Financial Statements - continued for the year ended 31 March 2025

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
TOTAL FUNDS CARRIED FORWARD
758,694
11.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 1 April 2024
486,757
104,222
Additions
-
-
At 31 March 2025
486,757
104,222
DEPRECIATION
At 1 April 2024
180,929
104,222
Charge for year
9,736
-
At 31 March 2025
190,665
104,222
NET BOOK VALUE
At 31 March 2025
296,092
-
At 31 March 2024
305,828
-
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 - continued
Restricted
funds
£
358,507
Computer
equipment
£
-
5,100
5,100
-
2,550
2,550
2,550
-
2025
£
22,297
2,353
24,650
2025
£
4,507
12,861
30,539
31,671
79,578		 Total
funds
£		 Total
funds
£
1,117,201
Totals
£
590,979
5,100
596,079
285,151
12,286
297,437
298,642
305,828
2024
£
7,004
10,105
17,109
2024
£
12,255
13,027
21,837
41,709
88,828

continued...

Page 21

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Notes to the Financial Statements - continued for the year ended 31 March 2025

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Debt free London/Tonybee Hall
Money project - City BridgeTrust
Specialist Housing/advice/LLST
Redundancy
Debt counselling/Campden
Access to justice
Kensington + Chelsea foundation
National Lottery
LBE/Ealing HSG
GLA Ealing Housing
Kensington + Chelsea Foundation
London Borough of Ealing Fuel Grant
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Debt free London/Tonybee Hall
Money project - City BridgeTrust
Specialist Housing/advice/LLST
Debt counselling/Campden
Kensington + Chelsea foundation
LBE/Ealing HSG
GLA Ealing Housing
Kensington + Chelsea Foundation
London Borough of Ealing Fuel Grant
TOTAL FUNDS		 At 1.4.24
£
758,694
41,600
24,569
14,449
857
145,611
4,642
9,356
9,601
-
12,611
45,706
49,505
358,507
1,117,201
Incoming
resources
£
292,066
182,592
49,742
39,762
77,268
255,891
9,171
24,533
55,238
24,148
718,345
1,010,411		 Net
movement
in funds
£
(63,176)
74,343
849
8,071
-
4,026
-
18,687
-
9,171
24,533
6,863
(20,855)
125,688
62,512
Resources
expended
£
(355,242)
(108,249)
(48,893)
(31,691)
(73,242)
(237,204)
-
-
(48,375)
(45,003)
(592,657)
(947,899)		 At
31.3.25
£
695,518
115,943
25,418
22,520
857
149,637
4,642
28,043
9,601
9,171
37,144
52,569
28,650
484,195
1,179,713
Movement
in funds
£
(63,176)
74,343
849
8,071
4,026
18,687
9,171
24,533
6,863
(20,855)
125,688
62,512

continued...

Page 22

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Notes to the Financial Statements - continued for the year ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Staff contingency fund
Building maintenance
Furniture and equipment
Computer development
New office fund
Restricted funds
Debt free London/Tonybee Hall
Money project - City BridgeTrust
Specialist Housing/advice/LLST
Redundancy
Debt counselling/Campden
Access to justice
Kensington + Chelsea foundation
City of london
National Lottery
GLA Ealing Housing
Kensington + Chelsea Foundation
London Borough of Ealing Fuel Grant
TOTAL FUNDS
Comparative net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Money project - City BridgeTrust
Specialist Housing/advice/LLST
Debt counselling/Campden
GLA Ealing Housing
Kensington + Chelsea Foundation
London Borough of Ealing Fuel Grant
TOTAL FUNDS		 At 1.4.23
£
308,907
185,000
85,000
12,000
20,000
45,000
655,907
41,600
817
-
857
122,906
4,642
9,356
11,807
9,601
-
-
-
201,586
857,493
s follows:
Incoming
resources
£
408,292
13,525
16,900
496,683
12,611
45,706
49,505
634,930
1,043,222		 Net
movement
in funds
£
102,787
-
-
-
-
-
102,787
-
11,945
14,449
-
22,705
-
-
-
-
12,611
45,706
49,505
156,921
259,708
Resources
expended
£
(305,505)
(1,580)
(2,451)
(473,978)
-
-
-
(478,009)
(783,514)		 At
31.3.24
£
411,694
185,000
85,000
12,000
20,000
45,000
758,694
41,600
12,762
14,449
857
145,611
4,642
9,356
11,807
9,601
12,611
45,706
49,505
358,507
1,117,201
Movement
in funds
£
102,787
11,945
14,449
22,705
12,611
45,706
49,505
156,921
259,708

continued...

Page 23

Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957

Nucleus Community Action Ltd

Notes to the Financial Statements - continued for the year ended 31 March 2025

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 24