Company registration number.. 01732131 Charity registration number.. 515776 Nottingham Law Centre Limited (A company limited by guarantee) Annual Report and Financial Statements For the Y¢ar End¢d 31 March 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
INottingham Law Centre Limited Contents Reference and Administrative Details Truslees, Report 2to6 Independent Examinels Report Statement of Financial Activities 8t09 Balance Sheet Statement of Cash Flows Notes to the Financial Statements 12to23
INottingham Law Centre Limited Reference and Administrative Details Trustees Andrew Wesley. Chair Ben Talbot. Treasurer Maggic CJTimshaw Simon Leach Judy Tate Mark Keeley Callum Scott Dr Elizabeth Cutran Senior Management Team Sally Denton, Senior Solicitor Adam Corbett, Finance Manager. from 01104123 Principal Offjce 119 Radford Road Hyson Green Noiiingham NG7 5DU Company Registration Number 01732131 Charity Registration Number 515776 Bankers Unity Trust Bank plc Nine Brindleyplace Bimiingham BI 2HB Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Notlingham NGI 5GL Page I
INottingham Law Centre Limited Trustees. Report The triistees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. Trustees and officers The trustees and otyicers serving during ihe year and since the year end were as follows: Trustees: Andrew Wesley, Chair Ben Talbot. Treasurer Maggie Grimshaw Simon Leach Sandra Pink (resigned 20 May 2024) Judy Tate Mark Keeley Callum Scott Dr Elizabeth Curran Struetllre, governanee and management Nature ofgoverning doeumént The charity is a company limiled by guarantee and registered charity,. It is operated under the rules of its memorandum and articles of association dated 15th June 1983 and most recently amended 25th May 1995. It has no share capital and the liability of each member in the event of 'IndIng-Up is limited to £1. Recruitment and appointment oftrustees The Board of Trustees, Members are recrnited and appointed in order to link Nottingham Law Centre with the community and to bring addilional expertise to the staff team. Vacancies are advertised through NCVS. Induction ond training of trustees All new members receive an induction and any training deemed necessary. Arrangement.sfor.sethng key managementpersonnel remuneration The Board of Trustees determine the pay and remuneration of the charity's key management personnel. Organisational struLlure Ultimate responsibility for running the charity and decision making rests with the Board of Trustees, with day to day responsibility delegated to the Senior Solicitor. Page 2
INottingham Law Centre Limited Trustees. Report Major riskn and management ofihose nsk5 Main risky As a charity Nottingham Law Ccntrc is rcliant on a numbcr of funding strcams. The principal risk is that Nottingham Law Ccntrc will lose onc of its fundcis. For this reason, the Board of Truslees work to identify other funding streams and to ensure that the charity maintains adequate reserves. Objectives and activities Objects and oims To provide a free, accessible, accountable and effective specialist service in areas of law that have the greatest impact on disadvantaged sections of the community. Services are particularly targeted towards vulnerable sections of society whose access to legal advice is often limited or T]on-existeT]t. Objectives, strategies and oclivities To provide legal services. advice and represenlation on housing. welfare benefits. debt and immigration for those living within Nottinghamshire. To provide all in-house legal Services OT] the above at no cost to the client- To encourage and ernpower users to become involved in the Laiv Centre's decision making processes- To break d0Th barriers to the legal system that have prevented many people from having acce5S to the law. To lobby, on behalf of users, on legislation or legislative change5 which are unjust or will result in rther hardship. To work pro-actively to infomi and educate people about their legal Tights and responsibilities and any individual or eolleLtive action that they can take. This includes work with community. residents and tenanL8; to attend local groups i.e. financial iesilienee. homeless siakeholdeis. new and emerging communities to better underst1d th¢ wid¢r ¢onl¢xt in which w¢ deliver advic¢ and also to influence on b¢halCofour ¢li¢nls. Public benefil Nottingham Law Centre Limited has ensured thai the Chariiies Commission guidance on public benefit has been complied '1th by ensuring that its advice and representation services are accessible and available to the general public and that this service is offcrcd frcc of chargc. The company's activilies benefit the public in the following ways= Through the provision of adN'ice, caseivork and represenlation to clients. Through social policy work that seeks to address the underlying causes of people's legal problems by responding to consultations, participating in reviews, publicising cases. raising issues with appropriate statutory bodies and by working to extend the availability of free legal services- - Through training opportunilies, work experience placements and internships. Nottingham Law Centre Limited closely monitors the number of cases opened, the outcomes achieved and any gains secured. The Law Centre seeks feedback from all clients at the conclusion of their case and reviews this feedback regularly. Feedback is also sought from referral agencies especially those who work with specific client groups to ensure that the Law Centre meels their needs and is accessible to them. The tnteeS confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 3
INottingham Law Centre Limited Trustees. Report Aehievements and performance The Law Centre has continued to deliver advice and representation in the areas of Housing, Immigration, Weltare Benefits and Debt. The Law Centre has a contract with the Legal Aid Agency to provide advice in Housing and have the contract to deliver the HLPAS scheme for early advice and advice at court for Nottingham. The company has continued working with other advice providers as a member of the Advice Nottingham consortium. Advice Nottingham is taking a collaborative and co-ordinated approach to the delivery of advice across Nottingham. The consortium has continued to meet the requirements of the contract that has Nottingham & District Citizens Advice as the lead agency, with Nottingham La Centre Limited and four other providers delivering under sub-contracts. Nottingham City Council have cut the funding due to their financial issues and the consortium ha5 worked hard to ensure that funding continues through Public Health and the advice provision continues. The cotnpany has a sub-contrnct with Leicester Community Advice and Law Service to deliver debt advice. The current contract started in October 2014 and covers 1.5 adviser posts. The company has a contract with the British Gas Energy Tnl to deliver e1 debt advice. The current contract startcd in April 2019 and covers onc adviser post. Thc company has sccurcd funding for 2 immigrntion advisers. Overall, the company has continued to consolidale and strengthen its position in the market. The company has retained the Lexcel Quality Mark following a further audit of procedures and casework. Lexcel accreditation is the Laiv Society's internaiional Practice management siandard and is recognised internationally. Maintenance audits take place once a year to ensure that the Law Centre continues to meet the quality mark. The company has a Business Conlinuity Plan (BCP) in place that addresses issues including loss of data, underperfomiance, and loss of key personnel. This will prolde increased resilience and help mitigate the impact should business continuity issues occur. Nottingham IAW Centre used the BCP throughout the COVID-19 pandemic. In the last 12 months we have iaken on 1,933 cases have managed debt of £1.6m and an additional £15,000 e1 debt and have helped clients secure additional benefit entitleinent of £2.2m. We have helped over 750 households avoid eviction. We are aware of the impact of the current Costs of living crisis on our clients and are working hard to secure funding to meet additional demand. Financial revieiTr' The lrnstees are happy that we have generated a surplus again this year. This has enabled us to ensure an increased level ofreserves. The board and senior managemeni have been effective in securing funding 10 ensure all services continue. Whilsi there are always poiential risks associated with funding streams ending w¢ hav¢, to date, managed to secure funding so there has been no reduciion in service delivery. Page 4
INottingham Law Centre Limited Trustees. Report Policy on reserves As part of thc financial management of Nottingham Law Centrc Limited. the Board of Trnstccs have set a long tcmi targct of working towaids accumulating a rcscrvc fund which rcpicsents a miniinum of 25% of the company'% annual Tunning cost%. These reserves will enable the company to deal with the following contingencies: Cash tlow problems when waiting for contract income to be paid or ndIllg cheques to arrive. Staffing shortages due to sicknebs or maternity leave" Cuts in funding- In the event of closure, three months running costs to wind up the organisation and pay redundancies and easehold liabiliiies. This policy is reviewed annually when the Board of Trustees sets the budget for the following financial year. Plans for future periods Aims and key objec¢ivesforfutureperiods Continue providing services. Activities planned to achieve aims We will continue to provide free advice and representation in social welfare legal issues lo the residents of Nottinghamshire. We are seeking an increase iT] demand on our services due to C05t of liN'ing and contraction of statutory seTvices. We will continue to triage enquiries and ii-.ork MTlth other organisation5 to ensure that our service8 reaLh the most vulnerable. We will continue to monitor adviLe needs and look to secure additional funding to meet that need. We will continued to lobby for legislative or systems change where these cause hardship. We will continue to evaluate our service and service delivery to ensure that this ineets the need of our ¢on]munity. Funds held as custodian trustee on behalf of others Nottingham Law Centrc Limited has a client account. This account is used lo hold monies on behalf of clients. Thank vou Notlingham Law Centre would like to thank all of ils funders. supporters. volunleers and siaff. Page 5
Nottingham Laiy Centre Limited Trustees, Report Statement of Responsibilities The tr115tees (who are also the directors of Nottingham Law Centre Limited for the piirposes of company law) are responsible for preparinu the trustees, report and the financial statements in accordance with applicable law and Llnited Kingdom Accounling Standards l Llnited Kingdoni Generall). Accepted A¢couiitii)g Practice), iiicludlii FRS 10? 'The Finaticfftal Reporting Standard applicable in the L.K and Republic of Ireland" The report aiid accounts have been prepared in accordwic¢ with the provisTons in the Conipaiiies Ad 2006 relating lo small compani¢s. Company 18w reqtiires the tNstees to prepare fiiiancial statements foi- each finai)cial year. Under coinpan) law the trustees miisl not approve the financial statements unless Ihev. are Satisfied that they give a true and tair view of the state of affairs of the charitable ¢ompan) and of ihe iiicoinino r¢sour¢es )d application of resources, ii)cludiiig its income and expenditure. of the charitsble company for that period. In preparing these financial strLtenients, the Irustees are requ&red to.. select suitable accounting policies and applTr them consisiently- observe th¢ niethod5 and principles ID the Ch3rTrtie5 SORP. make judgem¢nts wid estimates that are re&sonable and prudent- State wlietiier applicable accounting St]dardS, comprisiiio FR5 102 have been followed, subject to any material departures disclosed and explained in the finaiicial statements- and pr¢pare the fiiiancial stateinents 011 the goiiig con¢¢ni basis un1¢55 it 15 inappropriate lo presume that the charitable ¢oinpany will continue in business. Tlie trustees are respoiisible for k¢eping propeT acwuiitiiig r¢¢ords that can disc105¢ Ivith rvdsonable accuracy al any time the fiiiancial position of the charitable company and enable theni lo eiisure tliat the financial statenieiits Coinply ivitli the Coinpanies Art *006. Tlie) are also responsible for saftguarding tli¢ as5els of the charitable coinpaiiy aiid hciicc for taking reasonable steps for the preveiition and detection of fraud ld other irr¢gularilies. Tlie trLlStees are responsible for the maintenance and Inte ity of the ¢ortK)rdte and financial information iiicluded on tlie charitabl¢ companvs webslte. Leuislation governing th¢ preparation and diss¢niinatioi) of finwi¢ial 5tat¢ments mav differ from legislation in other juri5di¢tions. Small companies provision Statement This report has beeii prepared in accordwi¢¢ with th¢ small rompanie5 regim¢ under the Companies Acl ?006. Tlie annual report was approved by the trustees of the charity on . Id signed on its behalf by= Tivstee Page 6
INottingham Law Centre Limited Independent Examiner's Report to the trustees of Nottingham Law Centre Limited ('the Compan) ) Independent exaTniner's report to the trustees of Nottingham Lam Centre Limited {'the Company,) I rcport to the charity trustces on my cxamination ol the accounts of the company for the ycar cndcd 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directo foi the purposes of company law) you are responsible for the preparation of the accounts in a¢¢ordan¢e with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied mysclf that the accounts of thc Company arc not rcquircd to bc audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of ihe Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have tol1o,ed the Directions given by the Charity Commission under section 145(5)(b) ot the 2011 Act. Independent examiner's Statement Since the Cotnpany's gross incon]e exceeded £250,000 YOUT examiner tnust be a member of a body listed in s¢¢tion 145 of th¢ 2011 A¢1. I ¢onfirni that I am qualified to undertak¢ the exainination because I am a m¢mb¢r and F¢llow of th¢ Association of Charity Ind¢p¢nd¢nt Examin¢rs, Ivhi¢h is on¢ of th¢ list¢d bodies. I have ¢ompl¢i¢d my examination. I confimi (hai no maii¢rs hav¢ Come to ms1 attention in conn¢¢tion with th¢ examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requiiements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matier Considered as part of an ind¢pend¢nl examination; or 4. the accounls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper underslanding of the accounts to be reached. rien MSC, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independeni Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date.. 2811112024 Page 7
INottingham Law Centre Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 310.281 339,091 8,775 310,281 574,484 8,775 239,507 672,839 235,393 Total Income 658,147 235,393 893,540 912,346 Expenditure on: Charitablc activities (541.518) (264.130) (805,648) (822,307) Total Expenditure (541.518) (264,130) (805,648) (822,307) Net incomel{expenditure) Transfers between funds 116.629 {11,254) (28.737) 11,254 87,892 90,039 Net movement in fimds 105,375 (17,483) 87.892 90,039 Reconciliation of funds Tothl funds brought forward 571,475 22,424 593.899 503,860 Total funds carried fonvard 13 676,850 4.941 681,791 593,899 All of the charity's activities derive from continuing operations during the above two periods. Th¢ funds breakdown for the period is shown in note 13. The notes on pages 12 to 23 forni an integral pan of these fmancial statements. Page 8
INottingham Law Centre Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previous accounting period and are included for comparative purposes Unrestricted Restricted Total funds funds 2023 Note Income and Endowments from: Donations and legacies Charitable aciivities 239,507 406,064 239,507 672,839 266,775 Total income 645,571 266,775 912,346 Expenditure on: Charitable activities (613,649) (208,658) (822,307) Total expenditure (613,649) (208,658) (822.307) Net income Transfers b¢iw¢¢n funds 31,922 51,412 58.117 (51,412) 90,039 Net movement in funds 83,334 6.705 90,039 Reconciliation of funds Total funds brought forward 488,141 15,719 503,860 Total funds carried forward 13 571,475 22.424 593,899 The notes on pages 12 to 23 forni an integral pan of these fmancial statements. Page 9
Nottingh2m Law Centre Limited (Registration number: 01732131) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible 3ssets 12 3,443 3,117 Current assets Stocks Debtors Cash at bank and in hand 235,392 86.442 503,524 257,675 117,952 311,357 io 825,358 686,984 Creditors: Amounts falling due within one year (147,010) {96,202} Net current assets 678.348 590,782 Net assets 681,791 593,899 Funds of the charity: Re5tri¢ted ineome funds Resiricted funds 13 4,941 22,424 UJ)restricted income funds Unrestricted funds 676,850 571,475 Tot#1 funds 13 681,791 593.899 For the financial year ending 31 March 2024 the chartty was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to srnall companies. Directors, responsibilities: The members have not required the chartty to obthin an audit of its accounts for the year in question in accordance with section 476- and The directoTs acknowledge their Te5ponsibilities for complying with tbe requirements of the Act with respect to accounting records and ihe prepardtion of accounts. These financial statements have been prepared ITJ accordance with the special provisions relating to companies subject lo the small cornpxnies regime within Part 15 of ihe Companies Act 2006. Th financial statements on pages 8 10 23 were approved by the trustees, and authorised for issue on éi.Uj/oataT]d signed on their behalf by: Ben Talbot TTUSiee The notes on page5 12 to 23 fomi an integrdl part of these financial stalements. Page 10
INottingham Law Centre Limited Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating activities Net cash income 87.892 90,039 Adjustments to cash flows from non-cash items Deprecialion Investment income 1,671 {8,775) 777 80,788 90,816 Working capital adjustments Decrcascl(increase) in stocks DecTcasc in debtors 22.283 31.510 (18.859) 69.667 (3,350) 43,271 (38,714) 5,500 DecTease in Creditors IncTease in deferred income Net cash flows from operating aclivities 185,389 97,523 Cash floTh's from investing activities Interest receivable and similar income Purchase of tangible fixed assets 8,775 (1,997) 12 (676) Net cash flows frotn investing activities 6,778 (676) Net increase in cash and cash equivalents 192,167 96,847 Cash and cash equivalents at l April 311,357 214,510 Cash and cash equivalents at 31 March 503,524 311,357 Reconciliation of net cash flow to movement ID net funds Increase in cash 192,167 96,847 Net fund5 at l April 2023 311,357 214.510 Net funds at 31 March 2024 503,524 311,357 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 12 to 23 forni an integral pan of these fmancial statements. Page 11
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Summary of significant accounting policie5 and key accounting estimates The principal accounting policies applied in the preparation of ihese financial 5tatemeT]ts are set out below. These policies have been conslstently applied to all the years presented, unless Othenvise stated. Statement of cotnpliancc The financial slat¢m¢nts hav¢ b¢¢n pr¢par¢d in a¢¢ordan¢e with Accounting and Reporting by Chariti¢s'. Statemcnt of Rccommcndcd Praclicc (applicable to chatities preparing their accounts in accordancc with the Financial Rcporting Standard applicablc in Ihc UK and Republic of Ircland (FRS 102)) (issucd in October 2019) (Charitics SORP (FRS 102)). the Financial Rcporting Standard applieablc in the UK and Rcpublic of ITcland (FRS 102) and thc Companic8 Aet 2006. Basis of preparation Nottingham Law Centre Limited meets ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statemenls have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or condilions thal may cast significant doubi on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or aTe of a general nature is recognised when the charity has entitlement to the income, it is probable that the incorne will be received and the amount can be measured with Sufficient reliability. Granls receivable Grants are recognised whcn thc charity has an entitlcincnt to the funds and xny conditions linked to thc grants have been rnet. Where pcrformance Conditions arc attached to thc grant and are yet to be met, the incomc is recognised as a liability and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts receii'ed for future periods and is released to incoming resource5 in the period for i¥hich, it has been receii'ed. Such income 15 only deferred when- Thc donor spccifics that thc grant or donation must only bc uscd in futurc accounting pcriods- or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Inveslmenl income Dividends aTe recognised once the dividend has been declared and notification has been received of the dividend due. Page 12
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Expenditure All expendire is recognised once there is a legal or constructive obligalion to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to ihat caiegory. Where costs cannot be directly attributed (o partlLular headings they have been alloLaied on a basis consislent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff cosls. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both cosis ihal can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Government grants Governinent grants are recolSed based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt frotn taxation in respect of incon]e or capital gFains received within categJories covcred by Chapter 3 Part I l of the Corporation Tax Act 201 O or Scction 256 of thc Taxation of Chargeable Gains Act 1992. 10 ihe ¢xt¢nt ihat such incom¢ or gains ar¢ applied exclusively to ¢haritabl¢ purposes. Tangible flxed assets Individual fixcd asscts costing £500.00 or more arc initially rccordcd al cost, less any subscqucnt accumulated dcprcciation and subsequent accumulated impairnlcnt losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as lo ivriie off th¢ cost or valuation, less any estimal¢d residual value, over their expected useful economic life as follows= Asset class Leasehold land & buildings Fixtures & fittings IT equipment Depreciation method and rate 20.0 % straight line 15.00/0 reducing balance 33.3 10 straigbt line Stoek Work in progress is calculated at a rate of s/0 of the red fee receivable for all on-going cases. Legal Aid Certificate work is valued at 80% of chargeable costs. Page 13
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method. less provision for impairment. A prolS1On for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business frorn Suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting peri(Kl. to defer settlemeT]t of the creditor for at least twelve months after the reporting date. If there 15 an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as noT]-current liabilities. Trade Lreditors are recognised initially at the transaction price and Subsequently measured at amortised cost using the effective interest method. Fund structure Unr¢stri¢i¢d incom¢ ndS ar¢ g¢neral funds thai are availabl¢ for us¢ at th¢ trust¢¢s' discretion in rth¢ranCe of the objcctivcs of the charity. Restricted income fund5 are th¢)se grants for use in a particular area or for specific pury)oses, the use of which is restricted to ihat area or purpose. Pensions and other p05t retirement obligations The cotnpany operate5 a defined contribution scheme for the benefit of its evnployees. The costs of contributions are Itten off against prolits in the year they are payable. Page 14
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 2 Income from donations and legaeies Unrestricted funds Ceneral Total 2024 Total 2023 Grants, including capital grants. Government grants Gran15 frorn other charities Other income from donations and legacies 135,000 174,604 677 135,000 174,604 677 45,000 190,913 3,594 310,281 310,281 239,507 3 Income from charit2ble aetivities Unrestricted fund5 General Restricted funds Total 2024 Total 2023 Lcgal aid income CJrants & donaiions 236.239 236,239 235,393 49.244 257,622 266,775 31,389 20 81.215 35,818 235,393 Di8bur8ements 49,244 Other income Costs awarded Conira¢ts 15.292 38,316 15.292 38.316 339,091 235,393 574,484 672,839 Page 15
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 4 Grants & donations Ullrestricted funds Restricted funds Total Money Advice Centre National Lottery Community Fund The Tudor Trust Community Advice & Law Service St Ann's Advice Feeding Britain Home Office Institute of Money Advisers JN Derbyshire Trust Citizens Advice Nottingham City Council AB Charitable Trust Access to Justice Foundation Smaller grants & donations 60,220 49,948 39,000 35,810 18,640 18,000 8,144 3,631 2,000 60,220 49,948 39,000 35,810 18,640 18,000 8,144 3,631 2,000 145,516 135,000 20,000 9,088 677 145,516 135,000 20,000 9,088 677 310,281 235,393 545,674 Page 16
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 5 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Wages, NI & pension Depreciation Disbursements Telephone, broadband & postage Tnsurance Books & periodicals Stationery & office suppli¢s Travel & %ub8i%tence Training courses Prof¢ssional f¢¢s Fr¢elan¢¢ workers Subscriptions Healing, lighting & watcr Equipment & IT costs Repairs, maintenance & cleaning Rent & rates Sundry expenses Bank charges Irrecoverable VAT Bad debts & provision for bad debts Recruitment Accountancy, payroll & bookkeeping fees Internal overheads Delivery partners Grants paid 284.152 1.230 110,468 23.613 4,635 1,169 1.457 2,988 1,190 5,090 23.946 16.339 6,105 2,376 14,271 25,126 55 208,580 492,732 1,671 10,828 24,738 4,635 ,169 11,666 3,008 1.190 5.838 23.946 16.339 6,105 12.357 14.271 29.626 55 454,125 777 130,840 21,499 3,473 363 8,427 1,402 2,077 10,302 10.829 13,405 13,145 10,241 27,456 28,051 812 536 360 ,125 209 20 748 9.981 4.500 478 478 14.890 14.890 13.932 719 2,155 4.606 {35.166) 22,500 4.606 3,371 35,166 3,000 25.500 47,495 16,875 541,518 264,130 805,648 822,307 6 Net incomingloutgoing resources Net incoming resources for the year include: 2024 2023 Depreciation of fixed assets 1,671 777 Page 17
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 7 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff Costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 428,846 26.024 37.563 299 388,142 30,160 35,823 492,732 454,125 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows= 2024 2023 Average number of employees 19 17 16 (2023 - 15) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £37,563 (2023 - £35,823). During the year, the charity made redundancy andlor termination payments which totalled £299 {2023 - £Nil). The total employee benefits of the key management personnel of the charity were £76,725 (2023 - £67,360). 8 Work in progress 2024 2023 Work in progr¢ss 235,392 257,675 Page 18
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 9 Debtors 2024 2023 Trade debtors Prepayments Accrued income 62,701 22,447 1,294 82,244 20,501 15,207 86.442 117,952 10 Cash and cash equivalents 2024 2023 Cash at bank 503.524 311,357 I I Creditors: amounts falling due within one year 2024 2023 Tradc crcditors Other taxation and social security Other creditors Accruals Deferred income 17.413 19.737 6,940 11.253 91,667 45,310 21,478 3,509 3,905 22,000 147,010 96,202 12 Tangible fixed assets Leasehold Land and buildings Fixture5 & ritting5 IT cquipmcnt Total Cost At l April 2023 Additions 5,000 13,437 27.796 1,997 46,233 1,997 At 31 March 2024 5,000 13.437 29,793 48,230 Depreciation At l April 2023 Chargc for thc ycar 5,0 10.952 373 27,164 1.298 43,116 1,671 At 31 March 2024 5,0(K) 11.325 28.462 44,787 Net book value At 31 March 2024 2,112 1,331 3,443 At 31 March 2023 2.485 632 3,117 Page 19
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 13 Funds Balance at 31 March 2024 Balance at I April 2023 Ineoming resourees Resources expended Transfers Unrestricted funds General Gencral fund 571,475 658,147 (541,518) (11,254) 676,850 Restricted funds EU Seitlement Scheme East Midlands Money AdTrice Project Fuel Poverty Project Tudor Trust Immigralion Project Immigration IT Upgrade PIP project Food projects JN Derbyshire Trust 8,144 (8,144) 63,851 18,640 (63,403) (21.729) (448) 3,089 39,000 35.810 (39,000) (43,384) (9,909) (58,561) (18.000) (2.000) 7.574 14.850 4,941 49,948 18,000 2.000 8,613 Total restricted fund5 22.424 235,393 (264,130) 1,254 4,941 Total funds 593,899 893,540 {805,648) 681,791 The transfeT from the PIP project and East Midlands Money Advice funds to the General fund represents the net book value of fixed asscls. thc usc of w'hich is not subjcct to any restriction. The transfer from the General fund to the PIP project and Fuel Poverty funds are to cover the deficits on these activitie%. Th¢ sp¢cifi¢ purposes for which th¢ funds are io be applied ar¢ as follows: The European Union Settlement Scheme is lo fund the provision of advice and assistance under the Home Office's Settled Status scheme. The East Midlands Money AdNice project is to fund the provision of debt advice. The Fuel Poverty Project is funded by the British Gas Energy Trust for Ihe prOlS1On of fuel debt advice. The IT Upgrade is funded by tbe Law Cenlres Federation to improve ihe IT syslems. The Tudor Trust Immigration Project is funded by ihe Tudor Trust to support immigrants. The Immigration fund is funded by the Law Centres Federation to support the salaries and on-costs relating to a staff member of the Immigration tean6function. The PIP project is funded by the National Lottery Community Fund PIP Project to support the salaries and on-costs relating to a staff member of the Benefits team. The Food projects is funded by Feeding Britain to support the salaries and on-costs of an advice worker within food projects within Nottingham. The funding from JN Derbyshire Trust was to support people impacted by the pandemic, particularly those from abroad. Page 20
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at I April 2022 Incoming resources Resources expended Transfers Unrestricted funds General General fund 488,141 645.571 (613,649) 51,412 571,475 Restricted EU Settlement Scheme East Midlands Money Advice Project Fuel Poverty Project Tudor Trust Immigration Project Imrnigrntion IT Upgrade 134,918 (102,484) (32,434) 77.453 22,904 (58,475) (22,904) (18,978) 869 16.500 15.000 (17,369) (7,426) 7,574 14,850 14,850 Total restricted funds 15,719 266,775 (208,658) (51,412) 22,424 Total funds 503.860 912,346 (822,307) 593,899 14 Analysis of net a55et5 bet'een funds Unrestricted 2024 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 3,443 820,417 (147,010) 3,443 825,358 (147,010) 4,941 Total net a55ets 676,850 4,941 681,791 Unrestricted (restated) Restricted 2023 Total funds General Tangible fixed assets Current assets Current liabililies 3,117 662,560 (94.202) 3,117 686,984 (96,202) 24.424 (2,000) Total net assets 571.475 22,424 593,899 Page 21
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 15 Obligations under leases and hire purehase contracts Operating lease commitments Tothl futUTe minimum lease payment5 under non-van¢ellable operating leases are as follows: 2024 2023 Land and buildings Within one year Bctwccn one and five years Aftcr Iivc ycaTS 17,500 70,000 11.123 17,500 70,000 28,623 98.623 116,123 Other Within one year Between one and five years After five years 5.131 22.000 1,958 3,732 1,090 29,089 4,822 Other lease commitments are for a Franking Machine and a Photocopier, both leases hai'e been renewed since the year-end. The new Franking Macbine lease is for 6 years from September 2024 and the Photocopier is for 5 years from July 2024. 16 Fees pavable to independent examiner During the perio(L the fee5 payable (excluding VAT) to the charity's indepeT]dent examiner aTe analysed as follows- 2024 2023 Independent examinalion Other financial services 1,600 3,006 1,460 2,189 4,606 3,649 Page 22
INottingham Law Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2024 17 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any Teimbursed expenses or any other benefits from the chaTity during the year. 18 Charity statu5 The charity is a company limiied by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount noi exceeding £1 towards the assets of the charity in the event of iquidation. 19 Taxation The charity is a registered charity and is therefore exetnpt from tsxation. 20 Related party transactions There were no related party transactions in the year. Page 23