Company Registration Number - 02>45434 Charity Registration Number - IIK11436 Shaheed Udham Singh Asian Community Centre Ltd Trustee's reports and Accounts Year Ended 31 March 2024
Shaheed Udham Singh Asian Community Centre Ltd Year Ended 31 March 2024 Contents of the Accounts Contents Pages Charity inforntIon Tru5tees' annual report Independent examincr's report to the trustces Statement of financial activilies Balance Sheet 2105 7tolO Noles to the accounts 12to 17
Shaheed Udham Singh Asian Community Centre Ltd Charity infornlation Registered charily name . Shaheed Udham Singh Asian Communily Centre Ltd (Known and irading as Asian Community Centre) Charity registration number . IIX)1436 IEngland & Walesl Companies house registration number: 02545434 [England & Wales] Principal olCe While Hari Road Plumsiead London, SE18 IDG The trustees served the charity during the year ended 3110312023 Gurdev Singh Rayat Krishen Kumar Jalli S Ahmed Heer Kirpal Singh The directors served the charity during the year ended 3110312024 Gurdev Singh Rayat Ms Rosemary Douglas Hadzianni Heer Kirpal Singh Independent examiner Mr Rajendra Subedi Chartered Accountants For Chartax Associates & Co 103B Island Business Centr¢ 18-36 Wellington Street Woolwich London SE18 6PF Structure? governance and management The charily operates in accoradance with ils adopted consiiiuiion and code of conducts. The governing documents of the Charity is the Memorandum & Articles of Association estabilishing the company under company legislation and the governing document is dated 03 October 1990 By operation of law all trustees are directors under the Companies Act 26 and all directors are trustees under charities legislation and have responsibiliiies. a5 such. under boih company and Charity legislation and have responsibilities. as such, under both company and charity legislation. The trustees are all individuals. Page-l
Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report Year Ended 31 March 2024 Objectives and activities of the Charity The purpose of the charity is set out in its governing documents. Shaheed Udham Singh Asian Communily Cenire was sei up to adv(Ince educalion and to provide facilities for recreaiion and other leisure-time occupation in ihe interesis of social welfare wilh the objeciive of improving the condition of life for persons resideni in (he Royal Borough of Greenwich (and in parLicular Asian Persons) The main activities undertaken during the year io further the Chariiy's purpose for Ihe public benefil. The Centre provides hall hiring facilities both for private users and community organisation to hold public meetings and conferences, culiural and sports activiiies such as Bhangra Dance. Gidda Dance and keep fil classes through the medium of circulatory weight training etc. The truslees have had regard io the Charity Commission's guidance on public benefit in managing the day to day activities of the clwity. The trustees, annual report was approved on 2510212025 and signed on behalf of the board of trustees by: ei, Singh Rayat TDJslee & director Page -2
Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year Ended 31 March 2024 Financial review The financial position of the Charity as ai 3 Ist March 2024 and comparatives for ihe prior period. as more fully detailed in the accounts are summarised as below: 2024 2023 Nei (Expenditure) I Income 102,025 91.415 102,025 91,415 Unrestricted funds avaliable for the general purpose of the Charity 1,464.6(K) 1,362.575 Designated funds - Fixed Assets 811 Total funds 1.465,411 1,363.186 The trustees consider ihe financial perforniance by the charity during the year to have been saiisfaclory. Policies on reserves The reserves will be used in the areas of aciivities set oul in its governing documents. Availability and adequacy of &ssets of each of the funds The board of irustees is satisfied thai the Charity's assets in each fund are available and adequaie to fulfill ils obligations in respect of each fund. Page - .3
Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year Ended 31 March 2024 Statement of the Tntee'S Responsibilities The trustees of the Charity are responsible for the preparation of the accounts in accordance with the ternis of the Companies Act 2006, the Charities Aci 2011 and the Charities (Accounts & Reports) RegulaLions 2008. Notwithstanding the explicit requirement in the extent statuiory regulations.the charities (Accounts & Reports) regulations 2008, to prepare the financial statements in accordance with ihe SORP2005, in view of the fact that the SORP 2005 has been withdrawn. Ihe trusl¢¢s determined to interpret this responsibility as requiring them to follow current best practice and prepare ihe accounts according to the FRS 102{Stalemeni of Recommended Practice {SORP) lor Accounting and Reporting by Charities)2015{as amended by the Bulletin issued in February 2016). In particular.the companies act 2006 and charity law require the Board of Trustees to prepare financial staiements for each financial year which give a tru¢ and fair view of the state of affairs of the charity as at che end of the tinancial year and of the surplus or d¢ficlt of the charity. In preparing those financiaf statemenls the Board is required: a) to prepare the accounts in accord4nce wilh United Kingdom Generally Accepted Accouning (UKGAAP) Pracfice {United Kingdom Accounting Standard and appiicabie law) b) to select suitable accounting policies and apply them consisiently c) to make judgemenis and esiimaies thai are reasonable and prudenl d) to Prepare the financial siaiements on the going concern basis unless it is inappropriate lo presume that the charily will coniinue in bu5iness-, e) to state whether applicable accounting standards and ststemenis of recommended practice (SORP) have been followed. subjeci io any maierial departures disclosed and explained in the financial siaiemenis. The law requires that the Trusfres musl not approve the accounts unless they are satisfied that they give a true and fair view of the stat¢ of affairs of the charity and of the surplus or deficit of the charity for the year. The TrUseS are responsible for maintaining adequaie aLcounting records which disclose with reasonable accuracy at any time ihe financial position of the chariiy and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charitie5 Act. Trustees are also responsible for safeguarding the a55ets of the charity and taking reasonable steps for the prevention and detection of fraud and other iegularties. The trustees are also responsible for the conients of the trustees. report, and the statutory responsibility of the Independent Examiner in relation io the trusi¢es' report Is limited to examining the report and ensuring that on Ihe face of the report. there are no maL¢rial InconsisnCieS with the figures disclosed in ihe financial statements. Method of Preparation of Accounts - Small Company Provisions The financial statements are set out on pages 7 10 17 The financial statements have been prepared implementing the FRS 102 Statement of Recommended Praclice for Accouniing and Reporting by Charities (SORP)2015 (a5 amended by The Bulletin issued in February 2016) and in accordance wilh the Financial Reporting Sdard 102 (effective I st January 2016). Page-4
Shaheed Udham Singh Asian Community Centre Ltd Trustees, Annual Report (continued) Year Ended 31 March 2024 These financial Statemen have been preped in accordance with the provisions in Part 15 of the Companies Aci 2006. applicable lo companies subject to the small companies regime. This report was approved by th¢ board of tTUSt¢es on 2510212025. Gurdev Singh Rayat Director dnd trusiee Page-5
Shaheed Udham Singh Asian Community Centre Ltd Independent Examiner's Report to the Trustees Year Ended 31 March 2024 I report to the trustees on my examination of the accounts of Shaheed Udham Singh Asian Community Centre Ltd ('the charity,) for the Year Ended 31 March 2024 Responsibilities and basis of report As the truslees of the charity you are responsible for the preparation of the accounts in accordance wilh ihe requirements of ihe Charities Act 2011 ('the Act.). I report in respect of my examination of the charity's accounls carried oui under seciion 145 of the 2011 Aci & in carrying out my examination I have followed all the applicable Directions given by the Chariiy Commission under section 145(5)(b) of (he Act. Independent examiner's statement I have completed my examination. I confirni ihat no material matters have come to my attention in connection with the examination gÉving me cause 10 believe ihai in any maierial respect- a) accounting records were not kepi in respect of the charity as required by section 130 of the Act: or b) the accounts do not accord with those records. or c) the accounts do nol comply wilh the applicable requirements concerning the fonn and content of accounts sei out in the Charities (Accounts and Repons) Regulalions 2(K)8 oiher than any requiremen( thac the accounts give a'true and fair, view which is nol il matter considered as part of an independent examination. I have no concerns and have come across no other maiters in conneclion wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of ihe accounls lo be r¢ach¢d. tndependent Examiner Rajendra Su . FCCA, ACA For Chartax Associates Ltd 103B Island Business Centre 18-36 Wellington Street Woolwich. London SE18 6PF Date: 2110212025 Chartax Associates & CO ed Cerlified Accountants + 1s.and Business Centre ?C Wellington Street Woolivich, London SC18 6PF Tel 020 J620 5814 Page-6
Shaheed Udham Singh Asian Community Centre Ltd Statement of Financial Aetivities ISOFA) for the Year Ended 31 March 2024 Statemeni of Financial Activities (including the Income & Expenditure Account for ihe Year Ended 31 March 2024 as required by the Companies Aci 2(K)6) Year Ended 3110312024 Unreslricted Restricted funds funds Year Ended 3110312023 SORP Ref Income & Endowments from Donaiions & legacies Other charitable activities Total funds Total funds Al A3 241,820 241,820 201.204 Total Income 241.820 241.820 201,204 Expenditure on Charitable aclivites B2 139.795 139.795 109.789 Total expendiiure 139.795 139,795 109.789 Net Surplus /{Deficit) Transfers beiween the funds Net movemenis in funds 102.025 102.025 91,415 102,025 102.025 91,415 ReconciliatlOD of Funds Total funds blfd 1.363.386 1,363,386 1,271,971 Total funds clfd F- D+E 1.465,411 1.465.411 1.363,-386 The SORP Reference indicaied above is the classification of income sei oui in the fonnal SORP documents. As required dy paragraph 4.60 of the SORP. the br()ught forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statemeni of Total Recognised Gains and Losses is not required as this sthiement includes all recognised gains and loss¢s. All activites derive from continuing operaiions. The notes attached on pages 12 to 17 forni an integral part of these accounts.. Page-7
Shaheed Udham Singh Asian Community Centre Ltd Statement of Financial Activities for the Year Ended 31 March 2024 Comparatives Year Ended 3110312023 L."nrestricted Restricied funds funds SORP Ref Income & Endowments from Donations & legacies Other charitable aclivities Total funds Al A3 201.204 201.204 Total Income 201,204 201,204 Expenditure on Charitable aclivites B2 109.789 109,789 Total expenditure 109,789 109,789 Net SuryTrlus l(Deficii) Transfers between the funds Net movemenis in funds 91.415 91.415 91,415 91.415 Reconciliation of Funds Total funds blfd 1.271,971 1.271,971 Total funds clfd 1.363.386 1.363,386 The SORP Ref indicaied above 15 the classification of income set out In the fornial SORP documents. As required by paragraph 4.60 of the SORP. the broughi forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Total Recognised Gains and Losses is nol required as this sialement includes all recognised gains and losses. All aciivites derive from continuing operations. The notes attached on pages 12 to 17 forni an integral part of these accounts.. Page-8
Shaheed Udham Singh Asian Community Centre Ltd Statement of Financial Activities for the Year Ended 31 March 2024 (Contd.) Resources applied in the Year Ended 31 March 2024 towards fixed asseis for Charity 3110312024 3110312023 102.025 91.415 Funds generated in the year a5 detail¢d in SOFA Resources applied on functional fixed assels Net resources available to fund charitable activilies 102,025 91,415 The Tesources applied on fixed assets for charity use represents the cosi of addilions less proceeds of any disposals. Movements in revenue and capital funds for the Year Ended 3110312024 Year Ended 3110312024 Year Ended 3110312023 Unrestyicied funds Restricted funds Total funds Tolal fund8 1.363.386 1,271.971 102,025 91,415 Accunulated funds blfd Recognised gains and (losses) 1.363,386 102.025 1,465.411 1,465.411 1,361,386 Summary of funds Accumulated funds 1.465,411 1.465.411 1.363.386 The notes attached on pages 12 to 17 forni an integral part of these accounts. Page-9
Shaheed Udham Singh Asian Community Centre Ltd Statement of Financial Activities for the Year Ended 31 March 2024 Income and expenditure account (as required by the Cojnpanies Act 2{6) Incoming resources Income from operations Grant - Royal Borough of Greenwich 3110312024 3110312023 241,820 201,204 Gross income in the ye 241.820 201,204 Expenditures Charitable expenses (Excluding (depreciaiion & amortisation) Depreciation and amortisation Governance costs Realised losses on disposals of social investments which are programme related Tolal expenditure in the year 135.850 105,278 2.265 1.680 2.831 1.680 139,795 109,789 Net surplus/{loss) before tax in financial year 102,025 91.415 Recained surplus for the financial year 102,025 91.415 In accordance with ihe provisions of the companies aci 2006. the headings and subheadings used in the income and expenditure account have been adapted to refleci the special nature of the charity's aclivities. The notes attached on pages 12 to 17 forni an integral part of these accounts. Page- 10
Shaheed Udham Singh Asian Community Centre Ltd Balance Sheet as at 31 March 2024 Note SORP ref 3110312024 3110312023 Fixed Assets Tangible assets 608.742 611.006 Current Assets Debtors Cash at bank and in hand Total current assels B2 B4 B5 861.615 864,659 754,888 757,932 Less: Creditors falling due < l Year 10 ci (7.990) (5,552) Net current assets D-B5-Cl 856,669 752.380 Total nei assets of the charity E-A+D 1.465.411 1,363.386 The iotal net assets of the chariiy are funded by the funds of the charity as follows: 3110312024 3110312023 Restrieted funds Restricted revenue funds Unrestricted funds Unrestricled revenue funds 14 D2 811 811 14 D3 1,464,6(X) 1,362,575 1,465,411 1.363,386 The 'SORP Ref indicated above is the classification of Balance Sheet items as set out in ihe fonnal SORP documents. As required by paragraph 4.60 of ihe SORP. the brougfit forward and caTried forward funds above have been agreed to the SOFA. The directors and M¢mr5 are satisfied that the company is enlitled io exemption from the requirem¢nl Lo obtain an audit under section 476 of the Companies Act 2(N)6. The directors acknowledge iheir responsibilities for complying wilh the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislaiion and the report of the Independent Examiner is on page 6. The financial statemenis have been piepared in accordanc¢ wilh the provisions in Part 15 of the Companies Act 2006 applicable io companies subjeci to the small companies regime. Approved by the board of trustees on 2510212025. Gurdev Singh Rayat Direclor and trustee The notes attached on pages 12 to 17 forn] an integral part of these accounts. Page-11
Shaheed Udham SRngh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2024 1] Accounting policies Policies relating to the prixluctiopn of the accounts Basis of preparation and accounting convenlion The accounis have been prepared on the accruals basis. under (he hisiorical COSL conveniion, and in accordance with the Financial Reporting Standard 10? (effective I si January 2016) and FRS 102 SORP Practice for Accounting and Reporting by Charities) 2015 (as amended by ihe Bulleiin issued in February 2016) published by ihe Chariiy Commtssion in England & Wales (CCEW). effeciive January 2016. (The SORP), and in accorda- nce with all applicable law in the charity's jurisdiclion of registralion, excepi that the charily has prepared the financial statements in accordance with the FRS 102 (Sialelnent of Recommended Practice (SORP) for Accounting and Reporting by Charilies) 2015 (as amended by the Bulletin issued in February 2016) in prefere- nce to the previous SORP, the SORP 21X)5. which has been withdrawn the SORP 2(X15, noiwiihslanding the faci Ihat the exiani slatuiory regulations,Ihe Charities (Accounts and Reports) Regulaiions 2(X)8 refer expliciily to the SORP 2005.This has been done to accord with current best practice. Policies relating to categories of income and inconie recognition. Accounting for deferred income and income reeeived in advance Where tenns and conditions relating io income have not been mei or uncertainiiy exists as to wheiher ihe charity can mee( any ternis or conditions otherwise within lis control. income is not recognised but is defeed as a liability until it is probable thai the ternis or conditions Imposed can be met. Any grant that is subject to performance-related conditions received in advance of delivering the goods and Services required by that condition.or is subjecl to unmel condilions wholly outside the conlToI of the recipient charity. is accounied for as a liability and shown on the balance sheei as deferred income. Deferred incom¢ is released to income in the reporting period in which the perfonnance-relaled or other conditions that limit recognition are met. Potieies relating to expenditure on goods and services provided to the charity. Rocognition of liabilities and expenditure A liability, and the related expenditure. is recognised when a legal or constructive obligalion exisis as a result of a past event. and when il is more likely than not thai a transfer of economic benefits will be required in settlement. and when the amount of the obligation can be measured or reliably estimaLed. Liabilities arising from future funding commiiments and constructive obligaiions, including performanc¢ related grants. where the Limino or the amount of the fulure expenditure required to setlle the obligalion are uncertain, give rise lo a provision in the accounts, which is reviewed ai the accounting year end. The provision is increased to reflect any increases in liabilities. and is decreased by the utilisation of any provision within the period,and reversed if any provision is no longer required.These movements are charged or credited Lo the respective funds and activities to which the provision relates. Volunteers In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the from volunteers, the contribution of volunieers is not included within the income of the charity. However, the truslees value the stgnificant contribution made to the activilies of the chariiy by unpaid volunteers and this is described more fully in Note 5. Tangible fixed Tangible fixed assets are measured at their original cosl value. or subsequent revaluation, or if donated. as described above.cost value includes all cosls expended in bringing ihe asset into its intended working Condition. Page- 12
Shaheed Udham Singh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2024 (Contd) Depreciation has been provided at the following rafrs in order to write off the assets to their anticipated restdual value or esiimated useful lives. Freehold premises Nil Plant & equipment 20% reducing balance basis Debtors Debtors are m¢asured at their recoverable amounls at the balance sheet date. 2] Liabllity to tsxation The Trustees consider that the ChtY salisfies the tests set out in Paragraph I Sch¢dul¢ 6 of th¢ Finan¢¢ Act 2010 for UK corporation tax purposes. Accordingly, the Chariiy is potentially exempt from taxation in respeci of income or capital gains received wiihin calegories covered by chapier 3 part I l of the Corporation Tax Aci 2010 or Section 256 of the Taxaiion of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.Value Added Tax is noi recoverable by the charily, and is therefore included in the relevant costs in the Statemenc of Financial Aclivities. 3] Winding up or dissolution of the charity If upon winding up or dissolution of the chariiy there remain any assets. after the satisfaction of all debis and liabiIilies, the assets represented by the accumulaied fund shall be transferred to some other charitable body or bodies having similar charitable objects. 4] The net (defRcit)Isurylus before tax in the financial year The net (deficit)Isurplus before tax in Ihe financial year is stated aher charging:_ 3110312024 3110312023 2,265 2,831 Depreciation of own fixed assets 5] The contribution of volunteers The charity depends on the support of its volunieers, which is much appreciated. Expenses reimbursed to the volunteers for expenses incurred and these amounts have been recognised in the Statement of Financial Activities (SOFA). The volunteers and the charity accept and agree that no contract of employment is created by these arrangements. 6] Remuneration and payments to TrStee$ and persons connected with them No truste¢s or persons connected with them received any remuneration from the charity. or any related entity. The wages for the care taker is disclosed seprately in the accounts (Note Number 20). 7] Deferred income - Unrestricted and Designated funds Opening Deferrals Released Received of Prior Year in the Year Deferred at Year End Advance deposits 3110312024 3110312023 These deferrnls are included in creditors.however. Ihere were no deferred incomes as such to be dislcosed in the accounts. All the advance deposiis were maierialised as sales. The deferrals included in creditors relate lo advance deposils. received for fuiure hall hire which will be undertaken in Ihe 202412025 accounting year. However. all the deposits including the brought forward Irom previous year were fully settled during the year. Page- 13
Shaheed Udham Singh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2024 (Contd.) 8] Tangible fixed assets Land and Buildings 599.681 Plant and Machinery 174.909 Toial Cost blfd on 01 April Additions during the year 774.590 Total as at 3110312024 599.681 174.909 774.590 Depreciation depreciation blfd Depreciation charge for the year 163,583 2.265 163.583 2.265 Totsl as at 3110312024 16i,848 165.848 Net book value as at 31103124 Net book value as at 31103123 599,681 599.681 9.061 11.326 fA)8.742 611.007 9] Debtors 3110312024 3110312023 Prepayments and accrued income 10] Creditors falling due withln one year 3110312024 3110312023 Accruals Trade Creditors Deferred Income - Unrestricted and designated funds 5.120 2.870 513 7,990 5,553 Ilj Income and expenditure account summary 3110312024 3110312023 As at 1st April Net surplusl(Deficit) after tax for the year 1.363.386 102,025 1,465,411 1,271.971 91,415 1,363,386 121 No related party transactions There were Tho transaciions with related parties in the year, except with regard to trustee's remuneration. trustees expenses and transactions with subsidi8Jies which are fully disclosed. 13] Analysis of net assets betweeD the funds As at 3110312024 Year Ended 3U0312024 Unrestricled Designated Reslricted funds funds funds Total funds Tangible fixed assets Curreni assets Current liabilities 607,931 864.659 (7,990) 811 608,742 864,659 (7,990) Total fund5 1,464,600 811 1,465.411 Page- 14
Shaheed Udham Singh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2024 (Contd.) As at 3110312023 (Comparatives) Year Ended 3110312023 Unrestricied Designaied Restricted funds funds funds Total funds Tangible fixed assets Current assets Cuent liabilities 610,195 757.932 (5.552) 811 611,006 757,932 (5,552) Total funds 1.362,575 811 1,363,386 14] Movements in total funds [ as shown in Note 13 above] Movemenis Transfers in funds in'24 beiween the Funds CIFd [NO-15] funds to 2025 Opening Balance Unrestricted and designated funds Unrestricted Revenue Funds 1.362.575 102,025 1.464.600 Total unrestricted and designaied funds 1.362.575 102.025 1,464.600 Restricted funds LBG Arts and Culture 811 Total restricted funds 811 811 Total funds of the charily 1,363,386 102,025 1,465,411 15] Analysis of movements of funds over the year &s shown in Note 14 Other Gains Movement in & losses funds 102.025 Incom¢ 241.820 Expenses (139,795) Unrestricted & designated funds 16] The purpose for which the funds are detailed ID note 14 are held by the charity are: Unrestricted and designated funds: These fund5 are held to meet the charitable objeciives of the chariiy and to provide funds for the future charitable aclivities in accordance with the legislation of the charity. These funds are re from all types of restrictions on their use. Restricted funds . These funds must be used in the specific areas . therefore. reslricted to use only in the specifi¢d charitable activies. Page- 15
Shaheed Udham Singh Asian Community Centre Ltd Notes to the Accounts for the Year Ended 31 March 2024 (Contd) 17] Ultimate controlling party The chariiy is under the control of its legal members. Every member of the Charity is obliged to contribute such amouni as may be required nol exceeding £1 to the asseis of the company in the event of its winding up while he or she is a member, or within one year after he or she ceases ta be a member. Detailed analysis of income and expanditure for th¢ year ended 3110312024 as required by the SORP 2015. The analysis is classified by conventional nominal descripiions and not by activity. 18] Donations and legacies Year Ended 3110312024 Resiricied funds Ye2r Ended 3110312023 Total funds Unrestricted funds Toial funds Revenue grants Royal Borough of Greewnich Tocal public sector revenue grant Total donations & legacies [Al ] 19] Income from hall hire facilities and other non charitable trading 2ctivities Year Ended 3110312024 Restricted funds Year Ended 3110312023 Total funds 201,204 Unrestricted funds 241.820 Total funds 241.820 Hall hire facilities income Total from other activiiies [A3] 241,8?0 241.820 201,204 Total income 241.820 241.820 201,204 20] Expenditure on charitable activities - Direct spending Year Ended 3U0312024 Restricted funds Year Ended 3110312023 Total funds 21,747 21,747 Unrestricied funds 29,654 29,6)4 Total funds 29,654 29,654 Contracted out services (care taker) Total direct spending Notes to the Accounts for the Year Ended 31 March 2024 (Contd) 21] Expenditure on charitable activities - Cbaritsble trading Year Ended 3110312024 Restricted funds Year Ended 3110312023 Total Unrestricied funds 108.461 Total funds 108,461 Reallocated from Support costs [B2b] 86,362 Page- 16
Shaheed Udham Singh Asian Community Centre Ltd Note8 to the Accounts for the Year Ended 31 March 2024 (Contd) 221 Support costs for charitable aetivities Year Ended 3110312024 Restricted funds Year Ended 3110312023 Total funds LTnrestricied funds Tolal funds Premises Expenses Rates and water charges Light heat and power Cleaning and waste management Premises repairs and renewals Security alanns Property insurance Professional fees Administrative expenses Telephone. fax and internei Printing and staiionery Travelling & subsis(ence Legal Fee Sundry expenses Bank charges Depreciation Amortisation Support costs before reallocation Less: Support costs reallocated to speciflc activites Total charitable trading costs Total support costs 27,228 5,554 57,954 6,1(K) 4.049 27.228 5,554 57.954 6.1(X) 4.049 19,507 9.410 44,828 571 3.654 1,840 1.157 2.671 1.157 2.671 2,697 572 279 1.204 2.265 279 1,204 2.265 452 2.831 108.461 108,461 86.362 (108,461) (108,461) (86,362) The basis of allocalion of costs between activties is described under accounling policies. 23] Other expenditure - Governance costs Year Ended 3110312024 Restricied funds Year Ended 3110312023 Unrestricted funds 1.680 1.680 Tolal funds 1,680 1,680 funds 1,440 1,440 Independent examiner's fees 24] Totsl charitable expenditure 3U0312024 Resiricted funds 3110312023 Total funds 21.747 86,362 Unrestricted funds 29,654 108.461 Total funds 29,654 108.461 Total direct spending [B2a] Total charitable trading costs {B2b] Total support costs [B2dl Total governance costs l [B2e] Total charitable expenditure 1,680 139,795 1.680 139,795 1.680 109,789 Page-17