REGISTERED COMPANY LYUMBER: 02092920 REGISTERED CHARITY NUTrIBER: 518376 Report olthe Trustees and Unaudited Financial Statements for the Year Ended 31 Mirch 2025 for PATRA Incorpor4ting ACDA Limited
PATRA Incorporating ACDA Limited Conteftts of the Finincill Statements for the Year Ended 31 March 2025 Page Report of the Trustees I to 2 Ind¢p¢ndent Exlminer's Report Statement of Flnanclal Aetivities Balance Sheet Notes to the Flninclal Stitements 7 to 12
PATRA Incorporating ACDA Limited Report of the Trustees for the Ye4r Ended 31 MArch 2025 The trnstees who are also directors of the charity for the pu4)oses of the Companies Act 2006, present their report with the financial statetnents of the charity for the year ended 31 March 2025. The trustees have adopted the provisions or Accounting and Reporting by Charities.. Statement ot Recommended Practi¢e applic&blc to charities pryaring their aCcots irn accordance with the Financial Reporting Standard 4)plicable in the UK and RepubLic of Irelarld (FRS 102) (etTective I January 2019). OBJECTIVES AND ACTIVITIES Objective5 and aims The prEncipal objective of th¢ urganisation is to provide eEnployment and training for people predominantly from the BMF. community. The objects are to improve the employability of peoplc. primarily from the BME community. Thi5 is a recognition that people from the BME romrnunity are not always represented in lemis of employment within the public scctor. The organisation opeiates primarily with Nottingham City and Cuunty. Principal #ctivities Th¢ principal activities are as follows.. a) Work strategically with training providers and other parlners. b) Maintain links with local. regional and national training networks and governmenc bodies. ) Enhance the support services for training by introducing indifvidual tailored 8UPPOrt plans alld life Skills. d) Aspir¢ to a ViSiOLI of society in wbich youDg black and minority ethnic (BME) peopl¢ OT¢ 8ble to competr for employment. e) comnllty engagement to address issuas of inequality. FINANCIAL REVIEW Investment policy and ObjtiveS The Articles of the orgatiisation authoris¢ the ITUStees to make and hold investments using the general funds of the charity. bul no such investtnents are presently held. Going concern cU¢tlY fitsIllg has b¢en Sourced for 2025126. Funding is pending for 2026127 with numerous organisations. FirruRE PLANS Thc organisation continues lo provide training and employment opportunities for young people aged 16-18 as well as supplying apprenticeships for Ihosc aged 16_24. In adth"tioll tackling the employment ne¢d5 of young people, the organisation s¢eks kn illflucnce to engage wtth young people and their communities to tackle all forn ofincquality. STRUCTURE, GOVERNANCE AND MANAGEMELYr Governing do¢utnertt The clwity is controllcd by its governing docwnent. a deed of trust, and CODStitu*s a limited Company, lirniled by guarni¢e, as defin¢d by tbe Compatiies Act 2006. The ttustees monitor the rnajor straTrgic. business and operational risks which the Ckwity faces to ¢nsure that systetns are ad¢quat¢ ¢0 mitigate these risks. The tte¢S delega dL¢ day-to-day responsil)ility for managing the proje to the clll'ef executive and statT. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02092920 (Not specifi¢dlOth¢r) Page I
PAT114 Ineorpornting ACDA Limited Report of the Trustees for the Year Ended 31 March 2025 Registered Charity number 518376 Registered office 27-31 Carlton Road Nottingham NG3 2[ Trnstees M Crosdale OBE R Taylor Henry Ms R Pennant Bishop J Sthpleton OBE W Stewart Professor C Wright Ms P Hunter Company Secretary Ms P Hunter Bankers Barclays Bank PIC 2 High Street Nottingham NGI 2EW Approved by order of the board of trustees on 3 December 2025 and signed on its behalf by: Qoi "*/~ R Taylor- Trnstee Page 2
Independent Examiner's Report to the Tru$te¢s of PATRA Incorporating ACDA Lllldted Independent examiner'$ report to the trustees of PATRA Incorporating ACDA Llmlted {'the Company I report to the charity trustees ott tny examination of the accounts of the Company for the year ended 31 March 2025. RespoAslbllldes and ba$ls of report As the chartty's trustecs of the Company (and also its dircctors for the purposes of company Law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Ac(2006 {'the 2006 Act). Having satisfied myself that tbe accounts of the Company are not wuired to bc auditcd under Part 16 of the 26 Act and are cligiblc for indcpendent examinatiotL I report in respect of my examination of your charity's accounts &$ caThicd out under Section 145 of thc Charities Act 2011 ('the 2011 Act). In carying oul rny examinauon I have followed Ibe Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attetTrts'on irA ¢onnection with the examination giving me cause to believe: accounting record5 were not kept in respecl of the Company as required by Section 386 of the 2006 Act" or the accounts do not accord with those rewrds. or the accounts do not comply with th¢ accounting requtrements of Section 396 of the 2006 Act other than any requirnent that the CoUnt8 give a true and fair view which is not a matter considered as paLI of an independent exatnination. or the accounts have not been prepared in accordance with the methi)ds and principles of the Statement of Reconunended Practice for accountirtg and rertIng by ch*rities (applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns atld have come acn)ss no othcr mattcrs in connection with the examination to which attention sbould be drawn in this report in order to enable a proper undersL2nding of the accounts to be reached. 1¥O¥-J Amanda Bentley on bebalf of Brockhurst Davies Limited The stitUte of Chartered Accountallts in England and Wales Page 3
PATRA Incorporatlng ACDA Limited Statement of FiDanclal AetlTrities for the YeAr Ended 3l March 2025 2025 I'otal funds 2024 Total Unrestricted Restrictcd Notes INCOME AIYD ENDOWMENTS FROM Donations alld legacies 179,088 179,088 273.049 EXPENDITURE ON Raising funds 39,434 39,434 22,844 Charitable activities Charitable Activities Governance costs 199,075 5246 199,075 5246 207.784 3,rH)9 Totsl 243,755 243,755 233.637 NET INCOMEI(EXPENDITURI) (64,667) {64,667) 39,412 RECONCILIATION OF FUNDS Total fimds brought forward 121.158 &487 129,645 90233 TOTAL FUNDS CARRIED FORWARD 56,491 8.487 64,978 129.645 The not¢s fonn part of these financiat statements Pag¢ 4
PATIL4 IncorporAting ACDA Limited Balance Sheet 31 Ltrlar¢h 2025 2025 Total funds 2024 Total Unrestricred fund Restricted fund Notes FIXED A&SETS Tangible assets iJ73 lJ73 6.491 D¢btors Cash at bank and in hand 87,292 21 87,292 8,508 97,307 43,151 &487 87J13 8,487 95,800 140,458 CREDITORS AmoLmts falling due within one year (32,195) (32,195) (17,304) NET CURRENT ASSETS 55,118 8,487 63.605 123,154 TOTAL ASSETS LESS CURRENr LIABILITIES 56,491 8,487 64978 129,645 NET ASSETS 5fi491 8,487 64,978 129.645 10 Unrestricted funds Restricted funds 56,491 8,487 121,158 8.487 TOTAL FUNDS 64,978 129,645 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2(M)6 for the year ended 31 March 2025. The members kav¢ not required the Company to obtain an audit of its fwancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The tnLStees acknowledge their responsibilities for (a) ensuring that the clMritable company keeps accounting recor¢ls that comply with Sections 386 atLd 387 of the Companies Act 2006 and pr¢Fwing financial slalements whtch give a true and fair view of the stste of affairs of th¢ ¢haritsble company as at the end of ¢a¢h financial year and of tts surplus or deficit for each fuwcial yvar in accordance with the requirements of Sections 394 and 395 and which othenvis¢ comply with the requiren)¢nts of the Companies Act 2006 relatsng to fuwicial statements, so far &$ applicable to the Cltable company. (b) The notes forn] patt of these kncial statemet Page 5 continued...
PATRA IncorporAting ACDA Limited Balance Sheet- condnued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicabl¢ to Charitable companies subject to the small comFdnies regime. The fin?la1 ststements were approved by the Board of Trustees and authorised for issue on 3 December 2025 and were signed on its behalf by. R Taylor- Trustee The notes forni part of these fuwicial statellts Page 6
PATRA Incorporating ACDA Limlted Notes to the Flnanclal Ststements for the Year Ended 31 Mxrch 2025 ACCOUNTING POLICIES Basls of preparlllg the fill#ncial Statements The financial statements of the charitable cornpany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AOunt1llg and Reporting by Charities: Statement of Recommended Prdcti¢e applicable to charities preparing their a¢counts in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland (FRS 102) (effective l January 20191,, Financial Reporting Stsndard 102 The Financial R¢porting Standard applicable in the UK and Republic of Ireland, and the Comyames Act 2006. The fjtwicial ststements have been prq)ared under the hlstorical cost conYentLOn. Ineome AIL income is recognised in the Statement of Financial Activities once the elwity has entitlement to the funds. it i5 probable that the income will be e1Ved and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure a5 soon 85 there is a legal or consttuclive obligation cotnmitting the Chlty to that ex[d1'tUr¢. Ll is probable tknt a transfer of economic benefits will be required in settlement and the an]ount of th¢ obligation can be rneasured reliably. Expendittwe is accounted for on acffjials b&sis and has been classified under headings that awegate all cost related to the ¢atgory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis ¢onsist¢llt with the use of resources. Tangible fixed a$8ets Depr¢ciation is provided al the following amiual rates in order to write off each asset over its estinted useful life. tmprovemffllts to property Fixtures and fittings OtTice EquipmetLt I/0 on reducing balan¢¢ I/0 on reducing balance reducing balance Taxation The clwity is exempt from corporation t&x on its charitable activities. Fund accountlnE Unrestricted fiEnds can be used in ¢0rdnCe with the charitable obj'ectives at the discretion of the trust¢es. Rti]rted funds can only be used for particular restricted pury)oses within th¢ objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular ra8tricted purposes. Further explanation of the nature and purpose of each fund is in¢lud¢d in the notes to the financial statements. Pensioll to$ts and other post-retirement benefits The charitable company operates a defmed contribution pension scheme. Contributions payable to the charitable ompangs pension scheme are charged to the Statement of Fitwicial Activi¢ies in the period lo which they relate. Deferred income Income from spoL%oring employers is Jefr¢d overthe length of the contract. Page 7 continued...
PATRA Ifteorpor&ting ACDA Limited Note5 to the Financial Statements- conlinued for the Year Ended 31 March 2025 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2025 2024 Accountancy Depr¢ciation- owned setS Deficit on disposal of fixed assets 2,220 998 4,753 3,000 3,157 TRUSTEES, REMU)ERATION AND BENEFITS There were tNstee8' remuneration or other benefits for the year ended 31 March 2025 DOT foT the year ended 31 Mareh 2024. Trustees, expeD5es There were no expenses paid to the Tn¢S in the year. STAFF COSTS The average monthly number of employees during the year was as follows: 2025 io 2024 io Administrdtioll No employees received emoluments in excess of £60,0(K>. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVtTIES Unrestricted fimd Restricted fund Total funds tNCOME AND EIYDOWIKEJTS FROM Donations 8nd legacies 273,049 273,049 EXPENDrruRE OIN Raistng fimds 22,844 22,844 Charitsble activities Chartlable Activities Govemallce costs 207,784 3,009 207,784 3.009 Totsl 233.637 233,637 I¥ET INCOME 39,412 39,412 RECOIYCILIATION OF FUNDS Total fvnds brought forward 81,746 8,487 90,233 Page 8 continued...
PATIL4 IncorporAting ACDA Limitsd Notes to the Financlal Statements- contlnued for the Year Ended 31 .Mareh 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Eiestricted rtd fund Total fimds TOTAL FUNDS CARRIED FORWARD 121,158 8,487 129,645 TANGIBLE FIXED ASSETS Fixtures Improvements lo proikny Office Equipment fittings Totals COST At l April 2024 Additions Disposals 6,649 50,185 131,635 632 (114,164) 188,469 632 (16&577) (6,649) (47,764) At 31 March 2025 2,421 18,103 20524 DEPRECIATION At l April 2024 Charge for year Eliminated on disposal 6,610 47,443 106 (45,449) 127,925 892 (111,766) 181,978 998 (163025} (6,610) At 31 March 2025 2,100 17,051 19,151 NET BOOK VALUE Al 31 March 2025 321 1,052 lJ73 At 31 March 2024 39 2,742 3.710 6,491 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Pr¢payments and accrued income 75,036 10,627 1,629 85,036 8.203 4.068 87292 97,307 Page 9 continued...
PATIL4 IncorporatlDg ACDA Llmlted Ntstes to the Financial Statements- eontinued for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see nofr 9) Trade cr¢ditors Social security and other t¢S Other Greditors Accruals and defeTTed income &818 3,655 16J72 828 2,522 4,839 6236 229 6.0(K) 32,195 17,304 LONs An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand: Bank overdtaIls' 8018 io. MOVEMENT IN FUNDS Net movement in fvnds At 1.4.24 At 31.3.25 Unrestricted funds General fund 121,158 (,607) 56,491 Restricted funds Restricted Fund 8,487 8A87 TOTAL FUNDS 129,645 {64,067 64,978 Net movement in funds. inCI]ed ID the above are as follows: Incoming Resources expended Movement ITL fillS Unrestrlcted funds Grra1 fund 179,088 (243,755) (64,667) T(yfAL FUNDS 179,088 (243,755} {64,667) Page 10 ntinued...
PATRA In¢orporatinK ACDA Limited Notes to the Flllancial Statements - contlnued for the Year Ended 31 MArch 2025 MOVEMENT IN FUNDS - continued Comparatives for movemellt In funds Net movement in fimds AL 1.4.23 At 31.3.24 Ullrestricted funds General lld 81,746 39.412 121.158 Rtrilled (unds Restricted Fund 8,487 8,487 TOTAL FUYDS 90233 39,412 129,645 Comparative net movement in fimds, included in the above are as follows: Incorning resources Resou¢S expended Movement in funds Unrestricted funds General fiu)d 273,049 (233,637) 39,412 TOTAL FUNDS 273,(M9 (233,637) 39,412 A current year 12 months and prior year 12 Months combined position is as follows: Net movement in funds At 1.4.23 At 31.3.25 Unrestricted funds Genetul Fuud 81.746 (25,255) 56,491 Restricted fullds Restiicted Fund 8,487 8,487 TOTAL FUNDS 90233 (25,255) 64,978 Page 11 ontinu¢d...
PATRA Incorporating ACDA Limited Notes to the nancIAl Statements- conthiued for the Year Ended 31 March 2025 io. MOVEMEIIry IN FUNDS - contlnued A current year 12 months and prior year 12 months ¢ombincd n¢1 movement in fid5, included in the above ar¢ as follows: Incoming resources Resources expended Movemenl in fimds Unrestrlcted funds General fimd 452,137 (477,392) (25,255 } TOTAL FUNDS 452.137 {477,392) (25.255) ii. REL4TED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 12