## **SOUTH ASIAN CONCERN CHARITABLE TRUST**
# **Charity Number: 1002270**
**ANNUAL REPORT & FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31ST MARCH 2022**
## **South Asian Concern Charitable Trust Legal and Administration**
## **Current Trustees:**
**Principal Address:**
**Independent Examiner:**
**Bankers:**
Ram Gidoomal Sunita Gidoomal Suneel Shivdasani
7 Mulgrave Chambers 26 Mulgrave Road Sutton Surrey SM2 6LE
M P Fiscal Solutions 71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
HSBC 75-77 High Street Sutton Surrey SM1 1DU
Chair
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ
## **Investment Manager:**
CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET
Page:2
## **South Asian Concern Charitable Trust Trustees Report For the year ended 31st March 2022**
The trustees present their report and financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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). The board of trustees are satisfied with the performance of the charity during the year and the position at 31st March 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
## **TRUSTEES**
The trustees named on page 1 have continued throughout the year.
Appointment of Trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing Trustee, following good practice in accordance with Charity Commission guidelines. New Trustees are invited to attend a short induction session to familiarise themselves with the charity and also their responsibilities under the Charities Act.
The Missions Co-ordinator to whom day to day administration of the charity was delegated by the Trustees is Celia Avinash, working under supervision of the Trustees.
## **INVESTMENT POWERS**
The Trust Deed authorises the Trustees to make and hold investments using the general funds of the charity.
## **CONSTITUTION, OBJECTS AND POLICIES**
The charity is constituted by a Trust Deed dated 31 May 1990 and its objects are to apply funds for charitable purposes in England or elsewhere.
## **PRINCIPAL ACTIVITIES**
South Asian Concern's aim is to encourage, enable and equip followers of Jesus Christ to bring about wholistic transformation of individuals and communities across South Asia and the South Asian Diaspora. In particular our focus in South Asia is on Kachhwa Transformational Ministries in Uttar Pradesh and the School of Biblical Teaching in India and Nepal. Highlights from the past year include:
● Raising funds for an emergency appeal for Oxygen plants and other facilities for Kachhwa Christian Hospital and other hospitals in North India, in face of the crisis caused by the rapid growth of Covid 19 across India, from the beginning of 2021. The original appeal was made in April 2021 for £20,000. In the following weeks we received over £230,000, which was received with much appreciation by our partners in India.
- Bi-monthly news and prayer letter for partners in South Asia
- Quarterly newsletter with articles relating to South Asia and the Diaspora.
- Three online prayer days bringing together believers to pray for the people and countries of South Asia.
- Strengthening links with partner churches in the UK, through video communication with partners in India.
●Continuing research in the Diaspora, particularly in Europe, in order to support cross cultural training, encourage prayer and connec people for effective outreach to South Asians.
- Discussions with the School of Biblical Teaching in India regarding curriculum and training activities.
- Updating of the charity’s safeguarding policy in line with current requirements
The Trustees are satisfied with the results and activities during the year in terms of the objectives of the charity, particularly in the areas of keeping supporters updated regarding the projects in India and encouraging prayer and financial support. The major proportion of the charity’s income consists of restricted donations for partner projects in South Asia.
Page:3
## **South Asian Concern Charitable Trust Trustees Report For the year ended 31st March 2022**
However The Trustees continue to monitor the financial position and work to strengthen the financial basis of the charity, in order to cover the core costs involved in providing our charitable services.
## **PLANS FOR THE COMING YEAR**
In accordance with our aim, our priorities are to support churches, organisations and individuals engaged in wholistic transformation of individuals and communities in South Asia (particularly north India) and the Diaspora. In particular our focus in South Asia is on Kachhwa Transformational Ministries in Uttar Pradesh and the School of Biblical Teaching in India and Nepal. Planned activities include:
- Working with churches and individuals in the UK to raise awareness of the spiritual and practical needs in South Asia. This will be done through online meetings, video communication with partners in India and the Concern newsletter.
- Sending out a bi-monthly prayer diary for wider South Asian issues and projects.
- Organising prayer days (online and face to face) to pray for the people and countries of South Asia.
- Supporting curriculum development for the School of Biblical Teaching in India.
- Continuing to channel relief funds for partners working with those affected by Covid-19 in different South Asian countries, and for other emergencies as they occur
- Developing new partnerships in South Asia and with churches in the UK.
- Offering mentoring to leaders in South Asia and the Diaspora
- Building links between South Asian Christians, churches and fellowships in the rest of Europe as part of the global South Asian Diaspora.
- Co-ordinating research projects on the Diaspora in the rest of Europe, including the Netherlands, Belgium and Portugal.
- Continuing to develop our website (www.southasianconcern.org) and social media links to share information and encourage prayer
## **RESERVES POLICY**
The Trustees have developed a policy which aims to distribute income in the form of support to programmes of work. It is anticipated that any surplus income, at the close of the year, would be distributed during the following year while retaining sufficient funds to meet the charity’s stated or planned commitments.
We have two categories of reserves:
The Restricted Funds represent amounts subject to specific conditions imposed by donors.
The Unrestricted General fund represents amounts that we aim to maintain as reserves to cover a contingency fund of six month’s costs to cover the Trust’s expenditure for the next financial period. This policy is reviewed annually.
## **THE CHARITY AND OTHER RELATED PARTIES**
The charity is related to the Winning Communications Partnership Limited by deed of covenant. There are no other related parties.
## **FREEHOLD PROPERTY**
Freehold property is situated at 50 Grove Road, Sutton, Surrey SM1 4BT and has an estimated current market value on 31 March 2011 of between £180,000 and £220,000 .
## **PUBLIC BENEFIT**
We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives of the charity and are confident that our activities during the past year have been for the public benefit.
Page:4
## **South Asian Concern Charitable Trust Trustees Report For the year ended 31st March 2022**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing these financial statements the Trustees are required to
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **KEY CONTROLS USED BY THE CHARITY**
The charity follows good practice guidelines appropriate to charities of its size. These include
## Governance
- Annual planning by the Trustees, with key aims, objectives and priorities.
- Regular reporting on performance
- Regular meetings of Trustees with reports and minutes
Finance
Trustees are responsible to
- monitor budget setting and controls, with regular reporting.
- ensure adequate reserves policy and review annually.
- ensure a range of income sources including individuals, churches, trusts, business support.
Compliance with the law and regulations.
The trustees ensure up-to-date knowledge of charity requirements, employment laws and taxation requirements.
## **INDEPENDENT EXAMINER**
MP Fiscal Solutions were appointed as the charity’s examiners during the year.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the Charities Act 2016.
## **RAM GIDOOMAL**
Chairman 7 Mulgrave Chambers 26 Mulgrave Road Sutton Surrey SM2 6LE Date: Nov 06 2022
Page:5
## **Independent Examiner's Report to the trustees of South Asian Concern Charitable Trust**
I report on the accounts of South Asian Concern Charitable Trust for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Respective responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
member of the Association of Chartered Certified Accountants
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Umesh Punjabi ACCA M P Fiscal Solutions 71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Page:6
## **South Asian Concern Charitable Trust Statement of Financial Activities**
## **(including Income and Expenditure Account) For the year ended 31st March 2022**
|**Notes**
**Income and endowments from:**
Donations and legacies
Donations and collections at service
Other trading income
5
Investment income
6
**Total income and endowments**
**Expenditure on:**
Raising funds
Charitable activities
Donations, activities, staff salaries
and volunteer expenses
**Total expenditure**
Net Income/ (Expenditure) before
gains and losses on investments
Net gains/(losses) on investments
9
Net Income/ (Expenditure) for the year
Net gains/(losses) on the revaluation
of fixed assests
**Net movement in funds**
**Reconciliation of Funds**
Fund balances brought forward at
1st April 2021
Fund balances carried forward at
31st March 2022|**Unrestricted**
**Funds**
**£**
25,550
229
41,627
67,406
2,106
34,146
36,252|**Restricted**
**Funds**
**£**
319,849
319,849
273,099
273,099
46,750
46,750
46,750
154,109
200,859|**Total**
**2022**
**£**
**345,399**
**229**
**41,627**
**387,255**
**2,106**
**307,244**
**309,350**
**77,905**
(2,717)
75,188
-
**75,188**
**363,536**
**438,724**|**Total**
**2021**
**£**
113,642
231
32,084|
|---|---|---|---|---|
|||||145,957|
|||||147
94,380|
|||||94,527|
||31,154
(2,717)
28,438
-
28,438
209,427
237,865|||51,431
972|
|||||52,402
-|
|||||52,402
311,134|
|||||363,536|
All transactions are derived from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
Page:7
## **South Asian Concern Charitable Trust Statement of Financial Activities**
# **(including Income and Expenditure Account) For the year ended 31st March 2021**
|**Notes**
**Income and endowments from:**
Donations and legacies
Donations and collections at service
Other trading income
5
Investment income
6
**Total income and endowments**
**Expenditure on:**
Raising funds
Charitable activities
Donations, activities, staff salaries
and volunteer expenses
**Total expenditure**
Net Income/ (Expenditure) before
gains and losses on investments
Net gains/(losses) on investments
9
Net Income/ (Expenditure) for the year
Net gains/(losses) on the revaluation
of fixed assests
**Net movement in funds**
**Reconciliation of Funds**
Fund balances brought forward at
1st April 2020
Fund balances carried forward at
31st March 2021|**Unrestricted**
**Funds**
**£**
28,939
231
32,084
61,254
147
33,135
33,282|**Restricted**
**Funds**
**£**
84,704
84,704
61,245
61,245
23,459
23,459
23,459
130,650
154,109|**Total**
**2021**
**£**
**113,642**
**231**
**32,084**|
|---|---|---|---|
||||**145,957**|
||||**147**
**94,380**|
||||**94,527**|
||27,972
972
28,943
-
28,943
180,484
209,427||**51,431**
972|
||||52,402
-|
||||**52,402**
**311,134**|
||||**363,536**|
All transactions are derived from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
Page:8
## **South Asian Concern Charitable Trust Balance Sheet at 31st March 2022**
|**Notes**
**Fixed Assets**
Tangible assets
7
Investments
Investments
8
Programme related investments
9
**Current Assets**
Debtors and prepayments
10
Cash at bank and in hand
**Creditors: Amounts falling due**
**within one year**
11
**Net Current Assets**
**Net Assets**
**Funds**
13
**Restricted funds**
**Unrestricted Funds**
**Revaluation reserve**|**2022**
**£**
15,545
57,046
22,723
263,309
286,033
(900)|**2022**
**2021**
**£**
**£**
81,000
15,538
72,591
59,763
11,784
195,458
207,242
(1,507)
285,133
438,724
200,859
240,582
(2,717)
438,724|**2021**
**£**
82,500
75,301
205,735|
|---|---|---|---|
||||363,536|
||||154,109
208,456
972|
||||363,536|
Nov 06 2022
Approved by the trustees on ________ and signed on their behalf by:-
_____________ _____________ Chair Trustee
Ram Gidoomal
Sunita Gidoomal
Page:9
## **South Asian Concern Charitable Trust Statement of Cash Flow for the year ended 31st March 2022**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Decrease in trade and other receivables
Increase in trade and other payables
**Net cash used in operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
Net cash from financing activities
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2022**
**£**
75,188
1,500
(41,627)
2,710
(10,939)
(607)
26,225
41,627
67,852
-
67,852
195,458
263,309
263,309
263,309|**2021**
**£**
52,402
1,500
(32,084)
(990)
(270)
607|
|---|---|---|
|||21,166
32,084|
|||53,250|
||||
|||-|
|||53,250
142,208|
|||195,458|
|||195,458|
|||195,458|
Page:10
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022**
## **1 Accounting Policies**
## **Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements are denominated in Sterling and rounded to the nearest £.
The Trust constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **Going Concern**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2023, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives.
Designated funds are amounts which the Executive Committee have decided at their discretion to set aside for use for a specific purpose.
Revaluation funds are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for specific purpose. The cost of raising and administering such funds is charged against the specific fund.
## **Incoming recognition**
Income represents the total income receivable during the year comprising grants, donations and gifts, merchandise and publications, and investment income. Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period.
Page:11
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022 (Continued)**
- **1**
## **Accounting Policies (continued)**
Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.
In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.
If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.
The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made. The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock.When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations'. Goods donated for resale are included in 'Income from other trading activities'.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.
Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.The value of any volunteer help received is not included in the accounts.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probably that a settlement is required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure includes VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of raising funds comprise the fundraising costs and publicity activities incurred seeking donations and grants for the charity and their associated support costs.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activity. It includes donations made to organisations and costs incurred in the operation of projects and programmes together with their associated support costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance, premises, marketing and general office costs. Governance costs are those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Page:12
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022 (Continued)**
## **1 Accounting Policies (continued)**
## **Pension Costs**
The charity makes payments to personal pension plans of certain employees. The costs are charged to the Statement of Financial Activities for the period to which they relate.
## **Tangible fixed assets and depreciation**
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives
Freehold property 1% on cost Office equipment & fittings 25% per annum on reducing balance
## **Leases**
Rentals under operating leases are charged to the Statement of Financial Activities as they fall due.
## **Financial Instruments**
## **Investments**
Fixed Asset Investments
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
## Social Investments
Any realised gains or losses on any programe related investment assets are included in the Statement of Financial Activities (The SOFA). All gains on other social investments, whether realised or unrealised, are included in the Statement of Financial Activities
## **Cash and cash equivalents**
Cash and cash equivalents include cash at bank and in hand and short term deposits with a maturity date of three months or less.
## **Debtors and creditors**
Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the represent value of the expected future receipts or payment discounted as a market rate
## **Critical accounting estimates and areas of judgement**
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements.
In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
## **2 Net Movement in Funds**
|**Net Movement in Funds**
The net movement in funds is stated after charging:
Depreciation
Independent Examiner's fees|**2022**
**£**
1,500
900|**2021**
**£**
1,500
900|
|---|---|---|
Page:13
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022 (Continued)**
## **3 Employees and Staff Costs**
|**Employees and Staff Costs**
In aggregate the number of full and part time persons
employed during the year was:
Staff members
Staff costs were as follows:
Salaries and wages
National insurance
Pension scheme|**2022**
**Number**
1
**£**
14,300
-
572
14,872|**2021**
**Number**
1
**£**
11,500
-
460
11,960|
|---|---|---|
No employee received in excess of £60,000 during the year (2021-£nil).
## **4 Trustees Remuneration and Reimbursed Expenses**
No members of the Executive Committee received remuneration for their services during the year (2021 - £nil). One member of the Executive Committee received £264 in meeting expenses reimbursement during the year (2021 - £nil).
## **5 Other trading income**
|**5**
**Other trading income**
Sale of books, cassettes and compact discs
**6**
**Investment income**
Rents received
Bank Interest received
**7**
**Tangible Assets**
**Cost**
At 1st April 2021
Additions
Disposals
At 31st March 2022
**Depreciation**
At 1st April 2021
Charge for the year
At 31st March 2022
**Net Book Value**
At 31st March 2022
At 31st March 2021|**Freehold**
**Building**
**£**
150,000
150,000
67,500
1,500
69,000
81,000
82,500|**2022**
**£**
229
229
**2022**
**£**
41,584
43
41,627
**Office**
**Equipment**
**and Fittings**
**£**
3,798
3,798
3,798
3,798
-
-|**2021**
**£**
231
231
**2021**
**£**
32,000
84
32,084
**Total**
**£**
153,798
-
-
153,798
68,298
1,500
69,798
81,000
82,500|
|---|---|---|---|
Page:14
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022 (Continued)**
|**8**
**Investments**
Cash deposits
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
**9**
**Programme related investments**
**Market value**
At 1 April 2021
Revaluations
At 31 March 2022
**Net book value**
At 31 March 2021
At 31 March 2022
**10**
**Debtors**
Sundry debtors
Prepayments
**11**
**Creditors: Amounts falling due**
**within one year**
Sundry creditors
Accruals and deferred income
**12**
**Analysis of Net Assets between Funds**
Tangible assets
Investments
Net Current assets
Total net assets|**Unrestricted**
**Funds**
**£**
81,000
-
156,865
237,865|**2022**
**£**
15,545
15,545
**Equity**
**£**
59,763
(2,717)
57,046
59,763
57,046
**2022**
**£**
22,011
712
22,723
**2022**
**£**
0
900
900
**Restricted**
**Funds**
**£**
72,591
128,268
200,859|**2021**
**£**
15,538|
|---|---|---|---|
||||15,538|
||||**Totals**
**£**
59,763
(2,717)|
||||57,046|
||||59,763|
||||57,046|
||||**2021**
**£**
10,587
1,197|
||||11,784|
||||**2021**
**£**
607
900|
||||1,507|
||||**Total**
**Funds**
**£**
81,000
72,591
285,133|
||||438,724|
Page:15
## **South Asian Concern Charitable Trust Notes to the Financial Statements For the year ended 31st March 2022 (Continued)**
## **13 Analysis of Funds**
|**Restricted Funds**
Conferences Fund
Bible Teaching & Training programmes
Education Programmes for slum children
Special Appeals - COVID-19
Small restricted projects
**Unrestricted Funds**
General Funds
Fixed assets
**Unrestricted Funds**
Holistic Outreach programmes inc
healthcare & education|**Balance at**
**01st Apr.**
**2021**
**£**
15,517
44,101
70,034
10,170
5
14,282
154,109
**Balance at**
**01st Apr.**
**2021**
**£**
126,927
82,500
209,427|**Incoming**
**Resources**
**£**
-
10,395
45,385
5,043
227,499
31,527
319,849
**(Deficit)/**
**Surplus**
**for the year**
**£**
29,938
29,938|**Expenditure**
**£**
(589)
(980)
(12,530)
(6,750)
(222,358)
(29,891)
(273,099)
**Transfers**
**£**
-|**Transfers**
**£**
-
**Utilised/**
**Realised**
**£**
(1,500)
(1,500)|**Balance at**
**31st Mar.**
**2022**
**£**
14,928
53,516
102,889
8,463
5,145
15,919|
|---|---|---|---|---|---|
||||||200,859|
||||||**Balance at**
**31st Mar.**
**2022**
**£**
156,865
81,000|
||||||237,865|
The fixed asset fund represents the net book value of the fixed assets.
## **14 Related Party Transactions**
During the year 2021/22, there were no related party transactions to report
Page:16