COMPANY REGISTRATION NUMBER: 02463691 CHARITY REGISTRATION NUM8ER.' 1001331 The Council of Asian People (Haringey) Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 BRIAN PAUL LIMITED Chartered Accountants Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF
The Council of Asian People {Haringey) Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial aclivities (including income and expenditure account) Statement of financial position Accounting policies Notes to the financial statements 11
The Council of Asian People (Haringey) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who ar6 also the directors for the purposes of company law, present their report and the unaudited financi81 statements of the charity for the year ended 31 March 2024. Reference and administrative detsils Regislered charity name The Council of Asian People (Haringeyl Charity registration number 1001331 Company reglstration number 02463691 Prlncipal office and reglstered 8 Caxton Road office Wood Green London N22 6TB The trustees Mr J P Agrawal Mr S Kabra Mrs R Nowaz Mr Z Ahmed Mr George MrSINoor Mr J Chakrabarti Mr A K Varma Mr R Gupia Mrs C D Ramdul Peryagh Mrs S Thazhalhayil MrlJButt Mrs I Patel Mr A Leckrazsing (Resigned 24 April 2023) Indapendant examiner Brian Paul Limited Chartered Accountants Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF
The Council of Asian People (Haringey) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fconlinued) Year ended 31 March 2024 Structure. governance and management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 26th January 1990 and registered as a charity on 261h January 1990. The powers of the charitable company are governed under its Article of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appoinlment of new trustees The directors of the company are also charity trustees for the purposes of charity law and under the company's article are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of six years after which they must be re-elected al the nexi Annual General Meeting. In an effort to mainlain a complementary skill mix, members of the Management Committee are required to provide a list of their skills land update it each yearl and in the event of the particular skill being lost due to relirement. individuals are approached to offer th&mselves for election for the Management Commillee. Trustees induction and training Trustees are invited and encouraged to altend short training sessions on a range of governance issues. Trustees are already familiar with the work of the chartty through attending regular events and mèetings throughout the year. Objectlves and activities The charity objective is lo relieve poverty among members of the Asian community living or working in and around Ihe London Borough of Haringey. To promote the preservalion and protection of health of such persons. To advance education among such persons. To provide or assist in the provision of facilities for the recreation or other leisure time occupation of the inhabilants of the London Borough of Haringey and in p8rticu18r members of the Asian community. In the interest of social welfare and with the object of improving their conditions of life.
The Council of Asian People {Haringey) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ontlnued) Year ended 31 March 2024 Achievements and pèrformance The Council of Asian People (Haringey) rebranded the Asian Centre as the Community Hub in 2018 10 reflect the need lo engage a wider local community, but still keeping its heritage as the Asian people were at ils core. Since 2018 we have seen a wider clientele using the s8Nice, from ils Day Care through its open access classes with a wider ethnic and cultural background using its facilities. Loneliness and isolation ar& also key areas identified locally which became a focus for project planning and grant funding applications. bearing fruit in August 2018 with the start of Re-connect. The year 2023 - 24 has seen a re-focusing of the current activity, consolidating its slrenglhs and applying for new trust and foundations grants lo further develop the work of the organisation. The focus on Heallh, Learning and Social activities had developed including dance and keep fit classes, IT for beginners and health workshops. The organisation continued to offer members aclivities, special events, trips out in the minibus as well as encouraging local people to hire the Halls. The biggest standalone community project was the Community Reach project engaged with young women of childbearing age lo promote good heallh care in pregnanGy. This project successfully engaged with 300 lacal women of many ethnic and cultural backgrounds to promote the information and signpost people to ante natal classes and general health information to ensure good pregnancies. Financial review The incorne of the charity for the year ended 31st March 2024 was £128,467 12023: £120,312), whereas the cost of Charitable Activities was £130,612 (2023.. £155,950) and governance costs of £3,564 (2023: £3,300). During the year the overall net assels of the charity decreased from £433,713 to £428,004. The results for the year are set out in detail on pages 5 10 15. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies. exernption. Thé trustees, annual report was approved on 30 January 2025 and signed on behalf of the board of trustees by.. Mr J P Agrawal Chairperson
The Council of Asian People (Haringey) Company Limited by Guarantee Independent Examinerfs Report to the Trustees of The Council of Asian People (Haringey) Year ended 31 March 2024 I ieport to the trustees on my ex8min2tion of the financial stalements of The Council of Asian People (Haringey) ('the charity,) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the company (and its directors lor the purposes of company law) you are responsible for the preparation of the financial sialements in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act'l. Having satisfied myself that the accounts of the company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of My examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Acl'l. In carrying out my examinalion I have followed the Directions given by th8 Charity Commission under section 145{5llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matlers have come to my attention in Connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Art., or the financial ststements do not aGcord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thal the accounts give a 'true and fairf view which is nol a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Irelan(5 {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which altention should be drawn in this report to enable a proper understanding of the accounts to be reached. Brian Paul Limited Chartered Accountants Independent Examiner Chase Green House 42 Chase Slde Enfield Middlesex EN2 6NF 25
The Council of Asian People (Haringey) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Other income 2,141 126,326 2,141 126,326 5,274 115,038 Total income 128,467 128,467 120,312 Expenditure Expenditure on charitsble activities Total expenditure 134,176 134,176 (134.176) {159.250) 159,250 (134,176) Net expenditurè and net movement in funds (5,709) (5.7091 (38,9381 Reconciliation of funds Total funds brought fomard Total funds carried forward 422,062 11,651 433,713 472,651 416,353 11,651 428,004 433,713 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from Gontinuing activities. The notes on pages 11 to Errorl Bookmark not defined. fom part of these financial statements.
The Council of Asian People (Haringey) Company Limited by Guarantee Statement of Financial Position {eontinued) 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 12 368,013 367,023 Current assets Debtors Cash at bank and in hand 13 9,525 75,292 4,545 83,900 84,817 88,445 Credilors: amounts falling due within one year Net current assets 14 24,826 21,755 59,991 66,690 Total assets less current liabilities 428,004 433,713 Net assets 428,004 433,713 Funds of the charity Restricted funds Unrestricted funds- Revaluation reserve Other unrestricted incoma funds 11.651 11,651 150.000 266,353 150,000 272,062 Total unrestricted funds 416.353 422,062 Total charity funds 16 428,004 433,713 For the year ending 31 March 2024 the charity was enlitled to exemption from audit under section 477 ofthe Companies Act 2006 relaling lo small companies. Directors, responsibililies: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. Thè directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The notes on pages 11 to EOr4 Bookmark not defined. fomi part of these financial statements.
The Council of Asian People {Haringey) Company Limited by Guarantee Statement of Financial Position (continued) 31 March 2024 These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by= Mr J P Agrawal Trustee MrlButt Trustee The notes on pages 11 to Errorl Bookmart( not defined. forni part of these financial statèments.
The Council of Asian People (Haringey) Company Limited by Guarantee Accounting Policies Year ended 31 March 2024 Basis of preparation The financial statements have been prepared on the histortcal cost basis. The financi81 ststements are prepared in sterling, which is the functional currency of the enttty. Going eoncern There are no material unrtaintieS about the charily's ability to continue. Judgements and key sources of estimation uncertainty In producing these accounts, the directors have considered accounting policies & relevant estimates. In the directorfs opinion and to the best of their knowledge signtficant accounting entries are based upon facts. However. these accounts do include estimates in relation to useful life of assets, deferred lax provision and immaterial prepayments and accruals. Fund accountlng Unrestricted funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricted funds earmarked by the tNstees for futuré project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources Voluntary income including donations and gifts is recognised as income as soon as it is prudent and practicable to do so. Intangible voluntary income or donations -in-kind are not included in the Financial Stslements as their values are often impossible to quantify. Grants from Govemmenl and similar grants are dealt with in accordance with the terms under which they are given. Where no special terms are attached, they are dealt with on a receivable basis.
The Council of Asian People (Haringey) Company Limited by Guarantee Accounting Policies (conlinued) Year ended 31 March 2024 Resources expended Expenditure is recognised on an accruals basis as a liability is incued. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which il relales.. •expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities, and the sale of donated goods. •expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that furlher ils charitable aims for the benefit of its beneficiaries, including those support Gosts and costs relating Éo the governance of the charity apportioned to charilable activities. •olher expenditure includes all expenditure that is neilher related to raising funds for Ihe charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs are apportioned behveen the activities they contribute lo on a reasonablè, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequendy stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as follows.. Fixtures and fittings Motor vehicles 100/0 Straight line 25°/o Straight line Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instrumenls, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slatements, when there is a legally enforceable right lo set off the recognised 8mounts and there is an intention to settle on a net basis or lo realise the asset and settle Ihe liability simultaneously.
The Council of Asian People (Haringey) Company Limited by Guarantee Accounting Policies (conlinuedj Year ended 31 March 2024 Defined contribution plans Contributions to defined contribulion plans are recognised as an expense in the period in which the related service is provided. Prepaid conlribulions are recognised as an asset to the extent Ihat the prepayment will lead to a reduction in future payments or a cash refund. 10
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefil entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 8 C8xlon Road, Wood Green, London, N22 6T8. Statement of compllance These financial statements have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. Limited by guarantee In the event of the company being wound up members are required to contribute an amount not exceeding £1. Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 2,141 2.141 5,274 5,274 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 126,326 126,326 115,038 115.038 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Day care activities Local sustainability fund Support costs 95,765 34,847 3,564 95,765 34,847 3,564 120.120 35,830 3,300 120.120 35,830 3,300 134,176 134,176 159,250 159,250 11
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds Gosts 2024 Total fund 2023 Staff costs Employers Nl Contribution Defined pension Gontribution Rent, ratés & water Light and heat Repairs and maintenance Insurance Molor expenses Telephone and inlernel Office and activity costs Legal and professional fees Depreciation Govemance costs 89,516 89,516 106.510 1.676 1,426 3,021 3,525 3,759 3,293 2,272 6,744 14,914 1,092 7,718 3,300 881 4,011 4,570 6,242 1,553 1,579 4,498 7,959 1,168 8,635 881 4,011 4,570 6,242 1,553 1,579 4.498 7,959 1,168 8,635 3,564 130,612 3,564 134.176 159,250 Net expenditure Nat expenditure is stated after chargingllcrediling).. 2024 2023 Depreciation of tangible fixed assets 8,635 7,718 Independent examlnatlon fees 2024 2023 Fees payable lo the independent examiner for.. Independent examination of the financial statements 3,564 3.300 10. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contriblrtions to pension plans 89,516 106,510 1,676 1,426 881 90,397 109,612 The average head count of employees during the year was 6 (2023.. 71. The average number of full-time equivalent employees during the year is analysed as follows- 2024 No. 2023 No. Number of staff 12
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 No employee received employee benefits of more than £60,000 during the year {2023.' Nill. 11. Trustee remuneration and expenses There were no tnjstees or employees whose annual remuneration was £60,000 or more. 13
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements leontinuedj Year ended 31 March 2024 12. Tangible fixed assets Long leasehold Fixtures and property fillings Motor vehicles Total Cost Al 1 April 2023 Additions 331,268 111,180 9,625 35,339 477,787 9,625 Al 31 March 2024 331,268 120,805 35,339 487,412 Deprecialion At 1 April 2023 Charge for the year At 31 March 2024 86,026 5,101 24,738 3.534 110,764 8,635 91,127 28,272 119,399 Carrying amount At 31 March 2024 331,268 29,678 7,067 368,013 At 31 March 2023 331,268 25,154 10,601 367,023 13. Debtors 2024 2023 Other debtors 9,525 4,545 14. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Social security and other taxes Olher creditors 7,760 617 16,449 8,628 935 12.192 24,826 21,755 15. Pensions and olher post-retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £881 {2023- £1,426). 14
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 16. Analysis of charitable fund5 Unrestricted funds At 1 April 2023 At Income Expenditure 31 March 2024 General funds Unrestricted fund 85.062 337.000 128,467 {134,176) 79,353 337,000 422.062 128,467 {134,176) 416,353 At 1 April 2022 At Income Expenditure 31 Maroh 2023 General funds Unrestricted fund 124,000 337,000 120.312 1159,250) 85,062 337,000 461,000 120.312 1159,250) 422,062 Restricted funds At 1 April 2023 At Income Expenditure 31 March 2024 Restricled Fund 11.651 11.651 Al 1 April 2022 At InGome Expenditure 31 March 2023 Restricted Fund 11,651 11,651 15
The Council of Asian People (Haringey) Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2024 17. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets 368.013 48.340 368,013 59,991 11,651 Net assets 416,353 11,651 428,004 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets 367,023 55,039 367,023 66,690 11,651 Net assets 422,062 11,651 433,713 16