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:
- Partnership working - building networks between advice agencies, grassroots groups, and statutory providers.
- Specialist expertise - providing in-depth housing and debt advice to help people overcome crisis and secure stability.
- Community focus - tailoring our services to the needs of marginalised groups in each borough.
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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:
- Expert triage and front-of-house assessment.
- Access to specialist benefits, housing, and debt advice for local residents.
- 755 DWP or Housing Benefit/Support appeals against non-awards or overpayments.
- 938 debt advice cases, including Debt Relief Orders and bankruptcies.
- Distributed £175.000 in emergency funds and direct utility arrears payments.
- Partnered with over 20 community organisations to improve access to advice and early intervention.
- Delivered services in seven major community hubs across West London.
## **Kensington & Chelsea**
We pledged, entering our 51st year, to strengthen partnership working. Over the financial year, we have:
- Led the development of inter-agency referrals and in-depth housing and debt casework through the new Kensington Advice Partnership.
- Built on partnerships with community organisations embedded in local settings, including Clement James Centre and NOVA.
- Delivered homelessness prevention advice sessions with RBKC Housing Needs, focusing on children's centres in North Kensington and World's End.
- Responded to the cost-of-living crisis by administering an emergency fund and fuel cost support.
- Continued the partnership with Kensington & Chelsea Foundation, providing emergency cash or direct payments to clear utility arrears.
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:
- Expert triage and front-of-house assessments.
- A Specialist Benefits Appeals Team.
- Coordination of the A2D Community Hub at the Lido Centre, West Ealing, bringing together services to tackle poverty - including housing prevention, food share, form-filling, and digital inclusion.
- Housing and debt specialists based at the Lido Centre to ensure quick, joined-up support.
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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:
- Expert triage and front-of-house assessment.
- Access to specialist benefits, housing, and debt advice for local residents.
## **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:
- Failing to effectively communicate the damaging impact of poverty on individuals and communities.
- Not developing imaginative, accessible, and responsive services.
- Loss of skilled and experienced staff.
- A decline in the quality and consistency of our service standards.
- Failure to manage costs or control expenditure.
- Losing the support of key funders.
- Not putting clients at the centre of everything we do.
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:
- Diversifying our funding base and making marginal costing work for us.
- Focusing on the needs of both clients and funders, while drawing on best practice and professional expertise.
- Staying grounded in our charitable aims and actively challenging ourselves to remain effective and relevant.
## **Staying True to Our Charitable Aims**
We believe the key to achieving our charitable aims is:
- Keeping user needs central to how we co-design and develop services.
- Ensuring user input is embedded across the organisation by engaging local communities and encouraging regular feedback.
- Maintaining a transparent, collaborative approach in all our work.
## **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:
- Pay fair and reasonable wages, striving to match market levels, embrace hybrid working to support staff wellbeing and enable a healthy work-life balance.
- Ensure that all staff are paid at least the London Living Wage.
- Continually improve terms and conditions to attract and retain people from diverse backgrounds who can help us deliver our mission.
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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:
- The Royal Borough of Kensington and Chelsea
- The Campden Charities
- The London Borough of Ealing, including via consortium lead Ealing Mencap
- Money and Pensions Advice Service (Debt Free Advice)
- London Legal Support Trust
- K+C Foundation
- Henry Smith Charity
- City Bridge Trust
- Hillingdon Advice Partnership
- GLA Mayor's Fund
- Julia and Hans Rausing Trust
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
- Protect existing services
- Provide initial funding ("pump priming") for future work
## **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:
- Affordable housing
- A decent income or wage
- Freedom from debt
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:
- Delivering a holistic advice service that integrates housing, debt, and welfare benefits support
- Building strong partnerships and consortia across the statutory and voluntary sectors
- Improving outcomes for people facing complex challenges, especially those with mental health conditions
- By working collaboratively and focusing on people's real needs, we aim to help our clients move from crisis to stability - and towards a more hopeful future.
## **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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Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **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).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **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:
- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;
- Enquiries of management
- Reading minutes of meetings of the Board;
- In addressing the risk of fraud though management override of controls, testing the appropriateness of a sample of journal entries and other adjustments; and
- Assessing whether the judgements made in making accounting estimates are indicative of a potential bias;
- Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
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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## **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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## **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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Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957
## **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
Page 17
Docusign Envelope ID: A7280FCF-2433-4051-BE5C-5BBF82535957
**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...
Page 18
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**
**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...
Page 19
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**
## **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...
Page 20
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**
|**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