Cotnpany ReLllStration Number - 02545434 Charity Registration Number- 1001436 Shaheed Udham Singh Asian Community Centre Ltd Trustee's reports and Accounts Year Ended 31 Mareh 2023 Shaheed Udham Singh Asian Community Centre Ltd Year Ended 31 March 2023 Contents of the Accounts Contents Pages Chariiy information Trnsiees, annual report Independen( examiner's report ¢0 the trustees Siaiemeni of financial aetivitieg Balance Sheet 2to5 7t0 10 Notes to the accounLs 12 10 17 Shaheed Udham Singh Asian Community Centre Ltd Charity information Registered chariiy name .. Shaheed Udham Singh Asian Community Centre Ltd (Known and irading ￿ls A%ian Commuiiiiy Cen(rel Charity registration number '.1001436 IEngl&nd & Walesl Companies house iegistration number.. 02545434 IEngland & Walesl Principal o￿Ace White Han Road Plum.%t¢ad London, SE18 IDG The truqtees served the chgrity durittg the year ended 3110312023 Gurdev Singh Rayal Krishen Kumar Jalli S AhTned Hecr Kirpal Singh The directors served the ehaTity during the year ended 3110312023 Gurdev Singh Ray41t Ms Rosemary Douglas Hadzianni Heer Kirpal Singh Independent examiner Mr Rajcndra Subedi Chanered Accountants For Chanax Associates & Co 103B Island Business Centre 18-36 Wellinglon Streei Woolwich London SE18 6PF Structurey governanee and management The charity operates in accoradance wxth its adopted ¢onstitution and code of conducis. The governing docum¢nts of the Chariiy is ihe Memorandum & Articles of A%qo¢iaiion e%tabili.5hillg ihe company under company legislaiion and the governing document is dated 03 Oc(ober 1990 By operaiion of law all trustees are directors und¢r the Companies Act 2(X)6 and all direciors are trustees under haritics Icgislaiion and have re%ponsibiliiies, as such. under both company and charity legislation and have responsibililies. as such, under bo(h company and charity legisla(ion. The iruste¢% are all individuals. Pag¢-I Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report Year Ended 31 March 2023 Objectives and aetivities of the Charity The purpose of the charity 15 set out in its governing documents. Shaheed Ddhdm Singh Asian Cvmmuniiy Centre was sei up to advance education and io provide facilitieg for recrea(ion and other leisllre-time occupation in (he iniere81% of 8()¢ial welfare with the objec(ive of improving the condition of life for persons resideni in (he Royal Borough of Greenwich land in particular Asian Per%ons} The main aciivi(ies undertaken during ihe year to further the Charity's purpose for (he public benefit. The Cenire provides hail hiring faciliLies both for private users and community organisaiion to hold public meeiings and confcrcnces, culiural and sports aLtivilies such as Bhangra Dance. Gidda Dance and keep fit classes Ihrough the medium of circulatory weight training ctc. The trustees have had regard LO Lhe Charity Commission's guidance on public benefit in managing the day to day dClivili¢s of the Ch￿IlY. The trustees, annual report was approved on 2110212025 and signed on behalf of the board of trustees by.- Gurdev Singh Rayai Trustee & director Page -2 Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year F.nded 31 March 2023 Financial review The financial position of ihc Charity as at 3 1st March 2023 and comparatives for the prior Ftri(xJ. as more fully deiailed in the accounts are summarised as below= 2023 2022 Nei (Expendilurel I Income 91.415 98.396 91,415 J8,396 Unrestricted funds avaliable for the general purpo%e of ihe Charity 1.362.575 1.271.160 DesAgnat¢d funds- Fixed Asseis 811 Total funds 1,363.386 1.271.971 Th¢ tn15tecs consider the financial perfomdnce by the Lh2rity duTing th¢ Ye￿ to have been satisfactory. Policies on reserve5 The reserves will be used in the areas of activities set out Én it% governing documents. Availabilitv and adequacy of assets of each of the funds The.board of tyustecs is satisfied thai Ihe Chariiy's asfjets in each fund are availablc and ad¢quatc to fulfill it obligations in respect of each fund. Page-3 Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year Ended 31 March 2023 Statement of the Trustee'5 Responsibilities The Lrustees of the Charity are respon%ible for the preparation of (he accounts in accordance with the terms of the Companies Aci ?006, (he ch￿Ille5 Aci 2011 and ihe Chariiies (Accounis & Repurt8) Rcgulaiions 2008. Notwithstanding (he explicit requirement in the exteni slatuiory regulaiions,(he ¢haritieb (Accounis & Reports) regulations 2008. LO prcpare Ihe fiiiancial SLatemen(s in dLLorddncc wilh ihe SORP2005, in view of (he fJLi that the SORP 2(K)5 has been wi(hdrawn, the truEte¢% determined io inierprei this responsibility as requiring them to follow currcni besi prac(ice and prePd￿ th¢ accounts according 10 the PTrS 102{Siatement ol. R¢cominended Prnc¢ice (SORPI for Accouniing and Reporting by Charities)2015las amended by th¢ Bulletin issiied in F¢bruary2016) In panicular.the companies act 2006 and charity law require the Board of Trustees (o prepare financidl sthtement% for each financial year whi¢h give a truc and fair view of the state of affairs ol the charity as at the end of the tinancial year and of the Su￿lUS or deficlt of the ch￿ily. In preparlng those financiaf statemenls ¢he Board Is required: a) Lo prepare the accounts in accord4n¢c with Uniied Kingdom Generally Accepted Ac¢ouT)ing IUKGAAP) Pracfice (Lniied Kingdom AcLounting Siandard and appiicabie law) bl to Seleci suitable accounting policies and apply them consistently ¢1 to make judgetnents and esiima¢¢s that are reasonable and prudeni dl to prepare the financial sthtements on the going concern basis unless ic is inappropriate to presume that Ihe chari(y will conLinue in business; e) 10 stale whether appliLdble ￿c0unilng sldndards and siatement% of r￿QMMended practice ISORPI have been followed, subject io any material departure% disclosed and explained in the findnLldl stalemtnts. The law requires thai Ihe Trusieeg must not approve the accounis unless they are satisfied Ihat they giv¢ a true and fair view of the sthte of affairs of the charity and of the surplus or deficit of ihe chariiy for the year. The Trusiees are responsible for maintaining adequate accouniing records which disclose with rcasondble accuracy at any lime Ihe financial po.%ilion of ¢hc eharity and which are sufficieni io show and explain ihe chariiy's transaciions and enable thetn to ensure that the financial siatemenis comply wilh the Companies Aci 21X)6 and comply WiLh regulations made under the Charities Act. Trustees ￿e also responsible for safeguarding (he asseLs of Lhe charity and taking reasonable .%teps for the prevention and detection of fraud and other irregularities. The tru51ees are also responsible for the cont¢nls of the trustees, repott, and Ihe sLaiuLory responsibility of Lhe llldependeni Examiner in relation to thc trust¢¢s' r¢port is limited to examining the repon and ensuring thai on the face of (he report. there are no maierial incon5iStencies with the figures disclosed in Lhe I'inancial staiements. Method of Prep2ratloJ) of Accounts- Small Company Provisions The financial staieinents are ¥¢t vul on pag¢5 7 to 17 The financial 5tatemenis have been prepared implementing the FRS 102 Siaiemeni of ReLommended Praclice for Accounting 2nd R¢poning by Charities (SORP)2015 (a5 amended by The Bulletin issued in Febrnary 2016) and in accordance with the Financial Reporting.standard 102 {erreciive l %[ January 2016). Page-4 Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year Ended 31 Mareh 2023 These financial statemenis have be¢n prepared in accordance with the provisions in Pan 15 of the Companies Aci 2006. applicable to companies subject to the STna15 companies regime. This report wa5 approved by the board of trustees on 2110212025. Gurdev Singh Rayat Director and truste¢ Page-5 Shaheed Udham Singh Asian Community Centre Ltd Independent Examiner's Report to the Trustees Year Ended 31 M#rLh 21)23 I retK)rt to Ihe trusiees on my exatnination of the accounis of Shaheed Udham Singh Asian Community Centre Lid ('(he chari(y ) for the Year Ended 31 March 2023 Responsibilities and basis of report As Lhe trusiees of the charity you are responsible for the preparation of Ihe accounis in a¢cordance with the requirements of the Chdrities Act 2011 I'Lhe Act'l. I report in respeci of my exaEnination of ihe charily's account% carried out under section 145 of the 2011 Act & in C4Jrrying out my exaininaiion I have followed all the applicable Directions given by th¢ Ctwity Commission under *¢¢iun 145(511bl of the Ac(. Independent examiner's statement I hai'e completed rny ¢xamination. I confirni ihat no matcrial matiers have come 10 my aiiention in connection with the examination giving mc cause to believe thdi in material respecl= a) accounting records were not kepi in respect of the charity r¢quired by section 130 of (he Aci: or bl the accout]ts do not accord with those records; or the accounts do not comply with the applicable requiremen(s concerning the forni and con￿n( of accounts et out tn the Chariiies (Account% dnd Report%) Re¥uldiions ?008 other Ihan any requiremcnt Ihai the accounts give a'true and fair, view which is not a maiter considered as pllri of an independent examination. I have no conLerns and have come across no o(her mailers in conneLlion with the examindiion to which atien(ion hould be drawn in this repon in order to enable a proper undersunding of the aLcuunts lo be redched. Independent Examiner Rajendr ubedi , FCCA. ACA For Chartsses is not required as this statement includes all recognised (Yains and lu%%es. All ￿tIvIte% derive from coniinuing operatiOJLS. The notes at¢ached on pages 12 to 17 form integral part of these account5.. Shaheed Udham Singh Asian Community Centre Ltd ststement of Financial Activities for the Year Ended 31 March 2023 Comparatives Year F.nded 3110312022 Unresificled Rcstricted funds funds SORP Ref Income & Endowments from Donations & legacies Other charitable a¢tivilie To￿1 funds Al A3 12.1100 153.347 12,IK 153.347 Total Income 16_fj,-347 16.5.347 Expenditure on Charitable activites B2 66.951 66.951 Total expendiiure 66,951 66.951 Nei Sllrplus 1{Defi¢iil Transfers belween the funds Net movements in funds 98,396 98,396 98.396 98.396 Reconciliation of Funds Total funds blfd 1.173.575 1,176,012 Tothl funds clfd 1,271 ()71 1.274.408 The SORP Ref indicated abovc IE the classification of income set out in the fornial SORP documenis. As required by paragraph 4.60 of the SORP. the brought forward and carried forwart funds above have been agreed to lh¢ Balance Sh¢et. A separaie Statement of Total Recognised Gains and Losses is not required as this staTrment includ¢% all recognised gains and losses. All activitel derive from continuing operations. The notes attaehed OD page$ 12 to 17 form an integrgl part of these accounts.. Pilge - 8 Shaheed Udham Singh Asian Commllnity Centre Ltd Statement of Financial Activitie5 for the Year Ended 31 March 2023 Icontd.) Resources applied in ihe Year Ended 31 March 2023 towards fixed assets for Charity 3110312023 3110312022 91,415 Funds generaied in th¢ year as dctail¢d in SOFA Resources applied on fullciional fixed asseis Net resources available to fund chari(able activities 91,415 The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals. Movements In revenue athd capital fuDds for the Year Ended 31m312023 Year Ended 3110312023 Year Ended 3110312022 Unres(ricied funds 1,271,971 91,415 Re.%liicted funds Total funds Total funds 1,271,971 1.173,575 91,415 913,396 Accunulalcd fund5 b/fd Re£ogniscd gains and Ilosse%} 1,-363.-386 1,363.-386 ,271.971 Summary of funds Ac¢umul&t¢d funds 1,363.386 1,363,386 1.271,971 The notes attached on pages 12 to 17 form an integral part of these accounts. Page-9 Shaheed Udham Singh Asian Community Centre Ltd ststement of Financial Activities for the Year Ended 31 Mgrch 2023 Income and expenditure account (as required by the Companies Act 2(K)61 Incoming resources Income from operaiions Grant - Royal Borough of Greenwich 3110312023 31m312022 201.204 153.347 12,0(K> Gross income in Ihe year 201,204 165,347 Expenditures Charitable expense8 (Excluding Idepreciation & amonisaiionl Deprecialion and amorusation Governance costs Realised losses on disposals of social investments which are programme related Totsl expendilure in the year 105.278 62,829 2.831 1,680 2.682 1,440 109,789 66.951 Nei surplusl(10ss} before in finan¢ial year 91,415 98,396 Retained sU￿[uS for the financial year 91.415 98,396 In accordance with the provisions of the eompartie8 act 2(X)6, the heading% and subheading% us¢d in the income and expenditure account h¢lVC bc¢n adapted ¢0 r¢fi¢Lt ihc spccial natur¢ ol th¢ charily'5 aclivitics. The notes attached pages 12 to 17 forni an integral part of these accounts. Pag¢- 10 Shaheed Udham Singh Asian Community Centre Ltd Balance Sheet as at 31 March 2023 Note SORP ref 31m312023 31M3n022 Fixed Assets Tangible &%sets 611,006 610,409 Current Assets Debtors Cash at bank and in hand Total Current 115seLS B2 B4 B5 3,044 754,888 757,932 662.445 665,489 t£ss: Creditors falling due <1 Year io ci (5.5521 13,927) Nei current asseis D=B5-Cl 752.380 661.562 Total net Assets of the ¢hari¢y E=A+D 1,363,386 1,271.971 The toial net asseis of the charity arc fund¢d by the funds of thc LhaTity ￿ Follows: 31103121123 3110312022 Restricted funds Restricted revenue funds Unrestricted funds Unrestricted revenue funds 14 D2 811 811 14 D3 1362575 1.271,160 1,363.386 1.275,971 The 'SORP Ref indicated above is the classification of Balance Sheei items as set ou( in the fornial SORP diKumenis. As required by paragraph 4.60 of ihe SORP. Lhe brougfii forward and carried forward funds above have been agreed to (he SOFA. The diie¢iors and m¢mbers arc satisfied that the Company is enlitled to exemption from the r¢quir¢men¢ to obtain an audit under %ection 476 of the Companieg Act 2(K)6. The direciors acknowledge their responsibililies for complying with the requirements of ihe Cotnpanies Act 2[￿ with respeci to accounting records and the preparation of accounts. The chariiy is subject to Independent Examination under charity legislation and the repori of the Independent Examiner is on page 6. Thc financial statcments have been prepared in accordance with ihe provÈsions iii Part 15 of the Cornpanies Act 2￿)0 applicable to companies subject io the small companies regime. Approved by the board of tnIS￿eS on 2110212025. Gurdev Singh Rayat Direcior and truslce The notes attached on pages 12 to 17 forni an integral part of these accounts. Page- 11 Shaheed Udham Singh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2023 11 Accounting polieies Policies relaiing LO the productiopn of ihe accounis Basis of prep2ratÉon und accounting Convention Th¢ accounts have been prcpared on the accrua]s bysis, under the histori¢ai Lost convcntion, and in acLordance with the Financial Reporting Standard 102. (effective 1st January 20161 and FRS 102 SORP Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) PLibli%hed by (he Chart(y Commission in England & Wales (CCEW), effective Jdnuary 2016. (The SORP), and in acrorda- nce with all applicable Idw in ihe ch#rity's juri%diciion ol regi%tratron. excepi thai the ¢hariiy prepttrcd th¢ financial siaiemenis in accordance with Lhe FRS 102 {SiaTrmen( of ReLommended PraciiLe ISORP) for Accounting and Reporting by Chariiiesl 2015 (as amended by Lhe Bulleiin issued in February 20161 in prefere- nce to the previous SORP. the SORP 2005, whiLh has been withdrawn the SORP 2005, notwiih%ldnding the faLt Ihai the exiant slaiuiory regulaiions.the Chari(ies {Accounis and Reports) Regulaiions ?008 refer expliciLly 10 Ihe SORP 2(X)5.This has been done io accord with curreni besi praciice. Polfieies relating to eategories oc income and income recognition. Accounting for defe￿ed income and income reeeived in advance Where tertns and conditions relaiing io income have no( been mei or uncertainity exists as to whether (he Ch￿iEY can meet terms or conditions oiherwise wiihin lis control. incon)e is noi recognised bui is deferred as a liability until it is probable (hal ihe ￿nn5 or condiuons imposed can be mei. Any grant that is subject to perfortnance-related conditions received in advance of delivering the good5 and 5ervicc5 required by that condi(ion.or is subjeci (o unmei conditions wholly outside ihe conlrol of ihe recipient chariiy, iy accounted for as a liabiliiy and shown on Ihe balance sheei as deferred income. Deferred incoTne is released io iT)corne in the reporting period in which the perfonnance-related or other condiiions that litnii recognition are met. Poticles relating to expenditure on goods and services provided to the charity. Ro¢ognition of liabilitics and expendiiure A liability, and Ihe relai¢d expendiiure, is recognised when a legal or constructive obligalioi? exists as a resuli of a past event, and when it is more likely than no( Ihat a iransfer of economic benefiis will be required in seitlemeni. and when thc amouni of ihe obligaiion can be measured or reliably estimated. Liabiliti&4 arising from fulure funding commitmellts alld construciive obligaiions. including performance relaied grants, where the liming or the amount of ihe fuiure expendiiure required io se(tle Ihe obligalion are uncertain, give rise to a provision in the dccounts, which is reviewed ai Ihe accounting year end. The provision is increased lo reflect any increaseg in liabiliiies. and 58 decreaqed by ihe Uiilisaiion of any provision within the period,dnd reversed if any provision is no longer required.These movements charged or credited to the re¥peclive funds and aciiviiies to which the provision reldles. Volunteers In acLurddnLe wtih th¢ SORP, and in reLogniiion of the dirriculues in placing a monetary value on ihe from volunteers, the contribution of volunteers is not included within the income of ihe charity. However, the irustees value the signiftcant contribution made to the activities of the charity by unpaid voluniccr5 and ihis 15 dcscrl￿d more fully in Noie 5. Tanglble fSxed Tangible fixed assets are measured at their original cost value, or subsequent revaluaiion, or if donated, described dbove.cosi value iFiLludes all COSLS expended in bringing the assei inio ils intended working condition. Page- 12 Shaheed Udham Singh Asian Community Centre Ltd Notes to the Aecounts for the Year Ended 31 March 2023 (Contd) Depreciation has been provided at the following raies in order to write off the assets to their antlcipated re%idual V&Llue or estiTt)aled useful lives. Freehold premises Nil Plani & equipmen( 20% reducing balance basis Debtors Deblors are measured at their re¢overabl¢ amounts at ihe balance sheet date. 21 1.iability to taxation The Trustees consider ihat th¢ Charity satisfics the Legts s¢i out in Paragr¢iph I Schcdulc 6 of thc Fin￿Ce Ac(2010 for UK COr￿ratiOn (Lx purposes. Aecordingly. the Charity is potentially exetnpt from taxation in respect of income or capital gains received withiii categorie5 covered by chapier Ipart I l of the Corporaiion T&x Aci 2010 or Seciion 256 of the Taxation of Chargeable Gains Aci 1992, lo the extent thai such income or gains are applied exclusively on lh¢ specific charitdble objects of the chdrity dnd for no other purpose.Value Added is nol recoverabl¢ by th¢ charily, and is ih¢r¢for¢ includcd in th¢ relcvani cost5 in th¢ Stdtcment of FinancÉal Activities. 3] Winding up or di&solution of the charity If upon winding up or dissolu(ion of the charity (here remain any a%%ets, af(er the saii8faciion of all debig and liabiliiies, the assets repreSen￿d by the accumulaied fund shall be (ransferred LO some oiher L￿￿1(able budy or bodies having similar charitable objects. 4] The net (deficit)Isurplus before tax in the financigl year The net Ideficit)Isurplus before Lax in Ihe financial year is staled aher charging:. 3110312023 3110312022 2.831 2.682 Depreciation of own fixed assets 51 The contribution of volunteers The ch￿IlY depends on the support of its volun(eers, which is much appreciated. Expenses reimbursed to ihe volunLeers for expenses Incu￿ed these amounts h¢Lve been reLognised in the s￿lement of Financial Aciivilies (SOFAI. The volunteers and th¢ ¢harity accept and agree thai no contraci of employment is created by ihese arrangemenis. 61 Remuneration and payments to Trnstees and person5 connected with them No tTusiees or persons connecied with them received any remuneraiion from ihe chariiy. or any related entiiy. The wages for the care taker is disclosed sepra(ely in (he accoun(s (Noie Number 20). 71 Deferred income - Unrestricted and Designated I'unds Opening Deferrals Released Received of PNor Year in the Year Defcrred at Year End Advance deposils 3110312023 3110312022 These deferrals ￿ included in creditor5.however, there were no deferred incomes as .5uLh to b¢ di¥lcosed sn Ihe accounts. All ihe advance dep05ils were materialised as 8