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2025-03-31-accounts

Company registration number: 01732131 Charity registration number: 515776

Nottingham Law Centre Limited

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NGI 5GL

Nottingham Law Centre Limited

Contents

Reference and Administrative Details 1
Trustees’ Report 2 to 5
Independent Examiner's Report 6
Statement ofFinancial Activities 7 to 8
Balance Sheet 9
Statement ofCash Flows 10
NotestotheFinancialStatements 11to23

Nottingham Law Centre Limited

Reference and Administrative Details

Trustees

Andrew Wesley, Chair

Ben Talbot, Treasurer Maggie Grimshaw

Simon Leach Judy Tate

Mark Keeley

Senior Management Team

Callum Scott Dr Elizabeth Curran Sally Denton, Senior Solicitor Adam Corbett, Finance Manager

Principal Office

Company Registration Number

119 Radford Road Hyson Green Nottingham NG7 5DU 01732131

Charity Registration Number 515776

Bankers

Independent Examiner

Unity Trust Bank ple Nine Brindleyplace Birmingham Bl 2HB

Eva Stevens, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Nottingham Law Centre Limited

Trustees' Report

The trustees, 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 2025.

Trustees and officers

The trustees and officers serving during the 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

Structure, governance and management

Nature ofgoverning document

The charity is a company limited 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 winding-up is limited to £1.

Recruitment and appointment of trustees

The Board of Trustees' members are recruited and appointed in order to link Nottingham Law Centre with the community and to bring additional expertise to the staff team. Vacancies are advertised through NCVS. Trustees are invited to attend a meeting (not including confidential elements) and can then be co-opted by majority vote or at the AGM.

Induction and training of trustees

All new members receive an induction and any training deemed necessary.

Arrangements for setting key management personnel remuneration

The Board of Trustees determine the pay and remuneration of the charity's key management personnel.

Organisational structure

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

S

Nottingham Law Centre Limited

Trustees’ Report

Objectives and activities

Objects and aims

1) To relieve poor persons resident in the area of Nottinghamshire by providing such persons with legal services which they could not otherwise obtain through lack of means;

2) To advance the education of the public by the improvement and diffusion of knowledge of the law and the practice of the law and the administration of justice, having regard especially to those areas of the law which are of particular concern to poor people or are directed to the reliefof poverty; 3) To work towards equal opportunities in the provision of that legal service and to work in an anti discriminatory manner in the support of persons using that service; 4) To promote such other charitable purposes as are for the benefit of the community in the designated area.

Objectives, strategies and activities

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 non-existent.

Provision of free legal advice and representation in the areas of Housing, Benefits, Debt and Immigration to assist clients to secure/retain suitable housing, avoid homelessness and avoid poverty and destitution.

Public benefit

The organisation is available to anyone living in Nottingham and Notts. The work of the organisation benefits individual clients and their families in that they are assisted to regularise their immigration status, avoid homelessness, manage debt and secure benefits. This has a positive impact on clients health especially mental health. It benefits their children in terms of educational attainment.

The work benefits the public at large in that it reduces pressure on health professionals, housing, education and social care.

The trustees confirm 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.

Achievements and performance

« We have opened 1969 new cases;

¢ We have represented clients at court and tribunal including 400 clients under the Housing Possession Court Duty scheme;

« We have secured benefits of £6m; ¢ We have managed debts of £2.4m.

Financial review

We made a small surplus in the 2024/2025 financial year which further strengthens our reserves position.

Policy on reserves

We try to achieve 6 months running costs to be held in reserves.

Page 3

:

Nottingham Law Centre Limited

Trustees' Report

Major risks and management of those risks

Main risks

Loss of contracts e.g. Legal Aid or public health.

These risks are minimised by regular meetings with Advice Nottingham and Public Health around the benefits of the service and in terms of legal aid by regular file reviews and supervision of staff. We have a good reputation in the city for good quality advice and representation and are supported in making funding bids by MPs Councillors and other complementary services.

Plans for future periods

Aims and key objectivesfor future periods

We will continue to deliver the core services of Housing, Debt, Benefits and Immigration. We will work with other advice agencies within the Advice Nottingham consortium to map advice needs and ensure that where there are gaps in provision that we secure funding to deliver services to meet those needs; We are looking to extend use of volunteers working with local universities. Looking at placement opportunities to give opportunities for students to experience our work whilst benefitting ourselves from the strength that brings to the team;

We will continue to invest in training paralegal and trainee solicitors to grow legal aid lawyers for the future; We will continue to attend meetings such as the Nottingham Financial Resilience Partnership, the Homeless strategy group etc to promote the work of the Law Centre;

We will continue to raise awareness of legal rights through social media, local radio etc;

We will facilitate referral arrangements with other organisations who work with our client group to raise awareness of our service and promote the need for early advice.

Funds held as custodian trustee on behalf of others

Nottingham Law Centre Limited has a client account. This account is used to hold monies on behalf of clients.

Thank you

We would like to take this opportunity to convey our enormous thanks to all of our funders, donors and supporters. All of the grants and donations, of all sizes and kinds, are gratefully received and meana lot to us here at Nottingham Law Centre. Thank you so much.

Page 4

The annual report was approved by the trustees ofthe charity on................... 12/12/2025 and signed on its behalf by:

Dates. 17/12/2025 cccseeseeeeneeneee

Nottingham Law Centre Limited

Statement of Financial Activities for the Year Ended 31 March 2025

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Total Total
Unrestricted Restricted 2025 2024
Note £ £ £ £
Income and Endowments from:
Donations and legacies 2 240,784 # 240,784 310,281
Charitable activities 3 334,879 241,309 576,188 574,484
Investment income 13,024 - 13,024 8,775
Total Income 588,687 241,309 829,996 893,540
Expenditure on:
Charitable activities 5 (557,021) (250,639) (807,660) (805,648)
TotalExpenditure (557,021) (250,639) (807,660) (805,648)
Net income/(expenditure) 31,666 (9,330) 22,336 87,892
Transfers between funds (4,389) 4,389 - -
Net movement in funds 27,277 (4,941) 22,336 87,892
Reconciliation offunds
Total funds brought forward 676,850 4,941 681,791 593,899
Totalfundscarriedforward 13 704,127 - 704,127 681,791

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 13.

The notes on pages 11 to 23 form an integral part of these financial statements. Page 7

Nottingham Law Centre Limited

Statement of Financial Activities for the Year Ended 31 March 2025 (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 2024
Note £ £ £
Income and Endowments from:
Donations and legacies 2 310,281 - 310,281
Charitable activities 3 339,091 235,393 574,484
Investment income 8,775 - 8,775
Total income 658,147 235,393 893,540
Expenditure on:
Charitable activities 5 (541,518) (264,130) (805,648)
Total expenditure (541,518) (264,130) (805,648)
Net income/(expenditure) 116,629 (28,737) 87,892
Transfers between funds (11,254) 11,254 -
Net movement in funds 105,375 (17,483) 87,892
Reconciliation offunds
Total funds brought forward 571,475 22,424 593,899
Totalfundscarriedforward 13 676,850 4,941 681,791

The notes on pages 11 to 23 form an integral part of these financial statements. Page 8

Nottingham Law Centre Limited

(Registration number: 01732131) Balance Sheet as at 31 March 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£| |Fixed|assets| |Tangible|assets|12|2,461|3,443| |Current|assets| |Stocks|8|191,402|235,392| |Debtors|9|159,820|86,442| |Cash|at bank|and|in|hand|10|480,276|503,524| |831,498|825,358| |Creditors:|Amounts|falling|due within|one year|11|(129,832)|(147,010)| |Net|current|assets|701,666|678,348| |Net|assets|704,127|681,791| |Funds|of the|charity:| |Restricted|income|funds| |Restricted|funds|13|-|4,941| |Unrestricted|income|funds| |Unrestricted|funds|704,127|676,850| |Total funds|13|704,127|681,791|

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For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

\11/12./20.2§TheBee. andstatementssigned on theiron pages behalf7 by:to 23 were approved by the trustees, and authorised for issue on

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Ben Talbot _
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Trustee

The notes on pages 11 to 23 form an integral part of these financial statements. Page 9

Nottingham Law Centre Limited

Statement of Cash Flows for the Year Ended 31 March 2025

2025 2024
Note £ £
Cash flows from operating activities
Net cash income 22,336 87,892
Adjustments to cash flows from non-cash items
Depreciation 982 1,671
Investment income (13,024) (8,775)
10,294 80,788
Working capital adjustments
Decrease in stocks 8 43,990 22,283
(Increase)/decrease in debtors 9 (73,378) 31,510
Decrease in creditors 11 (17,178) (18,859)
Increase in deferred income 11 - 69,667
Net cash flows from operating activities (36,272) 185,389
Cash flows from investing activities
Interest receivable and similar income 13,024 8,775
Purchaseoftangible fixed assets 12 - (1,997)
Net cash flows from investing activities 13,024 6,778
Net (decrease)/increase in cash and cash equivalents (23,248) 192,167
Cash and cash equivalents at 1 April 503,524 311,357
Cash and cash equivalents at 31 March 480,276 503,524
Reconciliation of net cash flow to movement in net funds
(Decrease)/increase in cash (23,248) 192,167
Net funds at 1 April 2024 503,524 311,357
Netfundsat31March2025 480,276 503,524

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 11 to 23 form an integral part of these financial statements. Page 10

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Nottingham Law Centre Limited meets the 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 statements 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 conditions that may cast significant doubt 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 are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Page 11

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent 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 costs.

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 costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised 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 1 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 from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Leasehold land & buildings 20.0% straight line Fixtures & fittings 15.0% reducing balance IT equipment 33.3% straight line

Stock

Work in progress is calculated at a rate of 50% of the fixed fee receivable for all on-going cases. Legal Aid Certificate work is valued at 80% of chargeable costs.

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Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed 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 provision for the impairment 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 terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term 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 from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

Page 13

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

2 Income from donations and legacies

Unrestricted
funds Total Total
General 2025 2024
£ £ £
Grants, including capital grants;
Government grants 30,166 30,166 135,000
Grants from other charities 210,479 210,479 174,604
Other income from donations and legacies 139 139 677
240,784 240,784 310,281

3 Income from charitable activities

Unrestricted
funds Restricted Total Total
General funds 2025 2024
£ £ £ £
Legal aid income = - - 236,239
Grants & donations = 241,309 241,309 235,393
Disbursements 35,705 - 35,705 49,244
Costs awarded 25,182 - 25,182 15,292
Contracts 273,992 - 273,992 38,316
334,879 241,309 576,188 574,484

Page 14

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4
Grants & donations
Unrestricted Restricted
funds funds Total
£ £ £
Community Advice & Law Service 720 101,379 102,099
National Lottery Community Fund - 51,811 51,811
The Tudor Trust = 41,000 41,000
Community Money Advice = 20,479 20,479
StAnns Advice Centre - 18,640 18,640
Feeding Britain - 8,000 8,000
Citizens Advice 109,759 - 109,759
Access to Justice Fund 100,000 - 100,000
Ministry ofJustice 20,402 - 20,402
Home Office 8,014 - 8,014
University ofNottingham 1,750 - 1,750
Sundry donations 139 - 139
240,784 241,309 482,093

Page 15

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5 Expenditure on charitable activities

Unrestricted
funds Restricted Total Total
General funds 2025 2024
£ £ £ £
Wages, NI & pension 391,786 161,481 553,267 492,732
Depreciation 982 - 982 1,671
Disbursements 77,673 - 77,673 110,828
Telephone, broadband & postage 22,444 951 23,395 24,738
Insurance 4,939 - 4,939 4,635
Books & periodicals 1,076 - 1,076 1,169
Stationery & office supplies 9,667 - 9,667 11,666
Travel & subsistence 2,603 - 2,603 3,008
Training courses 3,757 - 3,757 1,190
Professional fees 5,696 4,386 10,082 5,838
Freelance workers 3,000 3,000 23,946
Subscriptions 16,129 288 16,417 16,339
Heating, lighting & water 7,150 - 7,150 6,105
Equipment & IT costs 13,235 30 13,265 12,357
Repairs, maintenance & cleaning 35,222 = 35,222 14,271
Rent& rates 24,013 4,350 28,363 29,626
Sundry expenses 109 - 109 55
Bank charges 527 - 527 478
Irrecoverable VAT 10,889 - 10,889 14,890
Recruitment 110 - 110 -
Accountancy, payroll &
bookkeeping fees 4,502 - 4,502 4,606
Marketing& publicity 665 - 665 -
Internal overheads (79,153) 79,153 - =
Delivery partners - - - 25,500
557,021 250,639 807,660 805,648

6 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets

2025 2024 £ £ 982 1,671

Page 16

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Staff costs

The aggregate payroll costs were as follows:

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Staff|costs|during|the|year|were:| |Wages|and|salaries|471,677|428,846| |Social|security|costs|30,882|26,024| |Pension|costs|42,708|37,563| |Other|staff costs|8,000|299| |553,267|492,732|

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The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

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|||||| |---|---|---|---|---| |2025|2024| |No|No| |Average|number|of employees|20|19|

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20 (2024 - 16) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £42,708 (2024 - £37,563).

During the year, the charity made redundancy and/or termination payments which totalled £8,000 (2024 - £299).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £79,643 (2024 - £76,725).

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||||| |---|---|---|---| |8|Work|in|progress| |2025|2024| |£|£| |Work|in progress|191,402|235,392|

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Page 17

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

9
Debtors
2025 2024
£ £
Trade debtors 57,567 62,701
Prepayments 19,812 22,447
Accrued income 82,441 1,294
159,820 86,442
10 Cash and cash equivalents
2025 2024
£ £
Cash atbank 480,276 503,524
11 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 5,456 17,413
Other taxation and social security 21,943 19,737
Other creditors 1,461 6,940
Accruals 9,305 11,253
Deferred income 91,667 91,667
129,832 147,010

12 Tangible fixed assets

12 Tangible fixed assets
Leasehold
Land and Fixtures &
buildings fittings IT equipment Total
£ £ £ £
Cost
At 1 April 2024 5,000 13,437 29,793 48,230
At 31 March 2025 5,000, 13,437 29,793 48,230
Depreciation
At 1 April 2024 5,000 11,325 28,462 44,787
Charge for the year - 317 665 982
At 31 March 2025 5,000 11,642 29,127 45,769
Net book value
At 31 March 2025 - 1,795 666 2,461
At31March2024 - 2,112 1,331 3,443

Page 18

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

13 Funds

Balance at
Balance at 1 Incoming Resources 31 March
April 2024 resources expended Transfers 2025
£ £ £ £ £
Unrestricted funds
General
General fund 676,850 588,687 (557,021) (4,389) 704,127
Restricted funds
East Midlands Money
Advice Project = 85,140 (85,140) - ~
Fuel Poverty Project - 18,640 (22,617) 3,977 -
TudorTrust Immigration
Project - 41,000 (35,216) (5,784) -
Immigration - 36,718 (41,205) 4,487 -
ITUpgrade 4,941 - - (4,941) -
PIP project - 51,811 (58,461) 6,650 -
Food projects - 8,000 (8,000) - -
Total restricted funds 4,941 241,309 (250,639) 4,389 -
Totalfunds 681,791 829,996 (807,660) - 704,127

The transfer from the Tudor Trust Immigration fund to the General fund reflects the release of any restrictions on the use of these funds.

The transfers from the General fund to the PIP Project, Fuel Poverty Project and Immigration funds are to cover the deficit on these activities.

The transfer from the IT upgrade fund to the General fund relates to activities which have ceased, and the release of any restrictions on the use of these funds.

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Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

The specific purposes for which the funds are to be applied are as follows:

The East Midlands Money Advice project is to fund the provision of debt advice. The Fuel Poverty Project is funded by the British Gas Energy Trust for the provision of fuel debt advice. The Tudor Trust Immigration Project is funded by the 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 team/function. The IT Upgrade is funded by the Law Centres Federation to improve the IT systems. 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.

Funds that ended in the previous year: The European Union Settlement Scheme is to fund the provision of advice and assistance under the Home Office's Settled Status scheme. The funding from JN Derbyshire Trust was to support people impacted by the pandemic, particularly those from abroad.

Page 20

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Balance at
Balance at 1
April 2023
Incoming
resources
Resources
expended
Transfers 31 March
2024
£ £ £ £ £
Unrestricted funds
General
General fund 571,475 658,147 (541,518) (11,254) 676,850
Restricted
EU Settlement Scheme = 8,144 (8,144) - -
East Midlands Money
Advice Project - 63,851 (63,403) (448) -
Fuel Poverty Project - 18,640 (21,729) 3,089 #3
Tudor Trust Immigration
Project - 39,000 (39,000) - -
Immigration 7,574 35,810 (43,384) - -
IT Upgrade 14,850 (9,909) 4,941
PIP project - 49,948 (58,561) 8,613 -
Food projects - 18,000 (18,000) - ~
JN Derbyshire Trust - 2,000 (2,000) - -
Total restricted funds 22,424 235,393 (264,130) 11,254 4,941
Total funds 593,899 893,540 (805,648) - 681,791
14 Analysis of net assets between funds
Unrestricted
2025
General Total funds
£ £
Tangible fixed assets 2,461 2,461
Current assets 831,498 831,498
Current liabilities (129,832) (129,832)
Total net assets 704,127 704,127
Unrestricted
2024
General Restricted Total funds
£ £ £
Tangible fixed assets 3,443 = 3,443
Current assets 820,417 4,941 825,358
Current liabilities (147,010) - (147,010)
Totalnetassets 676,850 4,94] 681,791

Page 21

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

15 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

(restated)
2025 2024
£ £
Land and buildings
Within one year 17,500 17,500
Between one and five years 70,000 70,000
After five years 11,123 28,623
98,623 116,123
Other
Within one year 5,500 5,131
Between one and five years 18,250 22,000
After five years 208 1,958
23,958 29,089

Other lease commitments are for a Franking Machine and a Photocopier. The Franking Machine lease is for 6 years from September 2024 and the Photocopier is for 5 years from July 2024.

16 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner are analysed as follows:

2025 2024
£ £
Independent examination 1,665 1,600
Other financial services 2,597 3,006
4,262 4,606

Page 22

Nottingham Law Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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 reimbursed expenses or any other benefits from the charity during the year.

18 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

19 Taxation

The charity is a registered charity and is therefore exempt from corporation taxation.

20 Related party transactions

There were no related party transactions in the year.

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