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|CONTENTS|||Page|
|Charity Reference and|Administrative|Details||
|'Itmstees'
Annual
Report|||3 9|
|Independent
Auditor*s|Repott||I 0- I2|
|Statement ofFinancial|Activities||13|
|Statement ofFinancial|Position||14|
|Statement ofCashflow|||15|
|Notes to Financial
Statements|||I6-24|
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||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|
|Note|Funds
8|Funds|2023
f|2022
I|
|INCOMING RESOURCES|||||
|Incoming resources from|||||
|generating
funds:|||||
|Donations
and Legacies|613,028||613,028|3)322)405|
|Fundraising
Activities
Other Income|154,983
24,265||154,983
24,265|18,750|
|TOTAL INCOMING|||||
|RESOURCES|792,276||792,276|3,341,155|
|RESOURCES EXPENDED|||||
|Costs ofgenerating
funds:|||||
|Fundraising
trading: rost|||||
|ofgoods sold and other|||||
|costs|170,458||170,458||
|Charitable|||||
|activities|323,889||323,889|3,609,152|
|Governance
costs|46,883||46,883|48,605|
|TOTAL RESOURCES|||||
|EXPENDED|541,230||541,230|3,657,757|
|NET (OUTGOING) I|||||
|INCOMING|||||
|RESOURCES FOR THE|||||
|YEAR|251,046||251,046|(316,602)|
|RECONCILIATION
OF FUNDS|||||
|Toml funds brought
forward|2,616,365||2,616,365|2,932,967|
|TOTAL FUNDS CARRIED|||||
|FORWARD|2,867,411||2)867,411|2,616,365|
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|||||2023||2022|
|---|---|---|---|---|---|---|
||||lvtiare||||
|FIXEDASSETS|||||||
|Tangible assets|||||4,372,219|4,354,584|
|CURRENT ASSETS|||||||
|Debtors||||62,189||62)686|
|Cash at bank and in hand||||56,634||55,902|
|||||118,823||118,588|
|CREDITORS: Amounts|falling due within|one|||||
|year|||15|(297,696)||(400,437)|
|NET CURRENT ASSETS/(LIABILITIES)|||||(178,873)|(281)849)|
|TOTAL ASSETSLESS|CURRENT LIABILITIES||||4,193,346|4,072,735|
|CREDITORS: Amounts|falling due after morc||||||
|than one year|||||(1,325,935)|(1,456,370)|
|NET ASSFTS|||||2,867,411|2&616,365|
|FUNDS|||||||
|Restricted funds|||t7||||
|Unrestricted
income funds|||tit||2,867,411|2)616,365|
|TOTAL FUNDS|||||2,867,411|2,616,365|
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|||||2023|2022|
|---|---|---|---|---|---|
|Net cash from operating|activities|||148,576|(758,836)|
|Cash flows from investing||activities||||
|Interest received||||||
|Purchase offixed Assets||||(34,063)|(16,400)|
|Proceeds from sale oftangible fixed assers||||||
|Net cash used in investing||activities||(34,063)|(16,400)|
|Cash flows from financing||activities||||
|Repayment
of bank loans|payable||||(253,901)|
|Repayment
ofother loans|payable|||(106,417)|(2,268,161)|
|Repayment
ofother loans|receivable||||3,344,509|
|Loan interest
payable||||(7,364)|(7,720)|
|Net cash flow from financing
activities||||(113,781)|814,727|
|Net Increase/(Decrease)|in|cash and cash||732|39,491|
|equivalents||||||
|Cash and cash equivalents||at beginning|of|55,902|16,411|
|year||||||
|Cash and cash equivalents||at end ofyear||56,634|55,902|
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||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|
||Funds|Funds|2023|2022|
||f.||f.||
|Donations|554,703||554,703|3,224,811|
|Grant income|0||0|19,400|
|Gilt Aid|58,324||58,324|78,194|
||o13027||613,027|3,322,405|
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|||Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|
|||Funds|2023|2022|
||||I|I|
|Fundraising|Events-Prakash|154,983|154,983||
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|ERINCOME|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total Funds|Total Funds|
||Funds
8|Funds
f|2023
1|2022
f|
|Rental Income|24,265||24,265|18,750|
||24 265||24 265|\ 8,750|
|FUNDRAISING
TRADIN|G: COST OF GOODS SOLD AND|OTHE|R COSTS|||
|---|---|---|---|---|---|
||Vmestricted|Total|Funds|Total|Funds|
||Funds||2023||2022|
||||8|||
|Prakash|170,458||170,458|||
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|ALLOCATION|OF CHARITABLE ACTI|VITIES|||
|---|---|---|---|---|
|||Unrestricted|Total Foods|Total Funds|
|||Funds|2023|2022|
||||f||
|Support Costs
Overseas Donations|Paid|323.889
tl|323,889
0|264,643
3,344,509|
|||323,889|323,889|3,609,152|
|ALI,OCATION|OF SUPPORT COSTS||||
|ALI,OCATION OF SU|PPORT COSTS||||
|---|---|---|---|---|
|||Unrestricted|Total
Funds|Total Funds|
|||Funds|2023|2022|
|||||f|
|Salaries and wages (including|social security costs)|74,592|74,592|66,473|
|Premises costs||222,674|222,674|179,857|
|Bank Charges and Loan Interest||8,000|8,000|8,487|
|Deprecralion||16,431|16,431|10,680|
|Sundry||2,192|2,192|(854)|
|||323,889|323,889|264,643|
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|GOVERNANCE COSTS|||||
|---|---|---|---|---|
|||Unrestricted|Total Funds|Total Funds|
|||Funds|2023|2022|
|||||I|
|Bookkeeping 8.Accountancy|fees|37,308|37,308|21,800|
|Audit fees||4,200|4,200|4,200|
|Legal dt Professional||5,375|5)375|22,605|
|||46,883|46,883|48)605|
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||||2023|&il22|
|---|---|---|---|---|
|||||'|
|||||J.|
|Depreciation|||to,430|Il).ruttt|
|Auditors'|remuneration:||||
|—audit|of the financial|statements|4,200||
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|Total s|taff costs we&e as follows:|||
|---|---|---|---|
|||2023|2022|
|||8||
|Wages|and salaries|72,185|63,498|
|Social|security costs|695|1,230|
|Pension|Costs|1,712|1,746|
|||74,592|66,473|
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|TANGIBLE FIXED AS|SETS||||
|---|---|---|---|---|
||Freehold||Fixtures gr||
||property|Equipment|Fittings|Total|
||r.||||
|COST|||||
|At
1 April 2022
Additions|4,337,818|174,594
19,063|301,675
15,000|4 814087
34,063|
|Disposal|||||
|At 31March 2023|4,337,818|193,657|316,675|4,848,150|
|DEPRECIATION|||||
|At l April 2022
Charge for the year||158,126
12,382|301,375
4,048|459)501
16,430|
|At 31March 2023||170,508|305,423|475,931|
|NET BOOK VALUE|||||
|At 1April 2022|4,337,818|16,468|300|4,354,584|
|At 31March 2023|4,337,818|23)149|11,252|4,372,219|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||Amounts
owed by related||parties (Note 20)||||
||Othtn|debtors|||62,189|6'2,686|
||||||62,189|62,686|
|15.|CREDITORS: Amounts||faBing due within|one year|||
||||||2023|2022|
||||||5|I|
||Bank|loans and overdrafts|||0||
||DFE|Loan|||36,000|11,980|
||Taxation and social security||||0||
||Other|creditors|||248,346|363,346|
||Accruals||||13,350|25,111|
||||||297,696|400,437|
|CREDIT|ORS: Amounts
falling due after more than o|ne year||
|---|---|---|---|
|||2023|2022|
|||1|t|
|DFELoan||224,068|248,088|
|Amounts|owed to related parties (Note 20)|759,649|761,063|
|Loans From Trustees (Note 20)||342,218|447,218|
|||1,325,935|1,456,369|
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|RESTRICTED INCOME VUNDS||1,325,93|5
1,456,369|
|---|---|---|---|
||Balance at|Movement
in|Balance at|
||1 Apr 2022|the year|31Mar 2023|
|||8|1|
|Restricted Funds||||
|UNRESTRICTED INCOME FUNDS||||
||Balance at|Incoming|Balance at|
||1Apr 2022|resources|31Mar 2023|
||1|4||
|General Funds|2,616,365|251,046|2,867,411|
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||||2023|2022|
|---|---|---|---|---|
|Net incoming|resources for the year||251,046|(316,602)|
||||251,046|(316,602)|
|Adjustnrent|for:||||
|Depreciation|ol tangible fixed assets||16,430|10,679|
|Loan interest|||7,364|7,720|
|Changes in:|||||
|(Increase)/
Decrease||in trade and other debtors|498|(44,774)|
|(Increase)/ Decrease||in trade tmd othei creditors|(126,762)|(415,859)|
|Cash generated
from operations|||148,576|(758,836)|