2021-03-31-accounts - Indian Senior Citizen's Centre (Manchester)

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INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

REGISTERED CHARITY NUMBER: 1040167

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Pages Index

1-4 Trustees Annual Report

5 Independent Examiners Report

6 Statement of Financial Activities
7 Balance Sheet
8 Statement of Cash Flows
9-14 Notes to the Accounts
(For Management Purposes Only)
15 Detailed Income and Expenditure Account

INDIAN SENIOR CITIZEN’S CENTRE (MANCHESTER)

Report of the trustees for the year ended 31°' March 2021

The trustees present their annual report and financial statements of the charity for the year ended a1" March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 102) (effective 1 January 2019).

Reference and administrative information

Charity Name: Indian Senior Citizen’s Centre (Manchester) Charity Number: 1040167

Trustees Honorary President (non trustee) Mr Harridutt Seth Chair Mr Niranjan Bhatt Vice Chair Mr Madanlal Gupta Gen. Secretary Mr Suresh Chandra Patel Treasurer Mr Hasmukh Patel Member Dr Mrs Saraswati Sinha Member Mrs Jasuben Modi Member Mrs Kashiben Patel

Admin Assistant

Mrs Bharti Hindocha

Principal Office

Indian Senior Citizen’s Centre

16-18 Whalley Road Manchester M16 8AB

Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick Manchester M11 3TQ

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Bankers
Bank of India Bank of Baroda State Bank of India
182 Soho Road 50 Swan Street Carlton House, 18 Albert Square
Handsworth Manchester Manchester
Birmingham B21 9LP M4 5JU M2 5PE
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Structure, governance and management The Charity is a registered charity under a constitution dated 20" May 1993 and subsequently updated, on 16'" November 2009.

INDIAN SENIOR CITIZEN’S CENTRE (MANCHESTER)

Appointment of trustees

New trustees are at the Annual General Meeting. Notice is given to all members 21 days before the meeting.

e The trustees should comprise between 7 and 10 members with a minimum of 2 trustees being women.
e The elected members nominate the officers. e The trustees nominate one Honorary President who will serve for up to 2 years from amongst former trustee officers and may co-opt not more than 3 co-opts where specific skill is required to develop the centre and who shall be full members of the centre.
e All the elected members will automatically retire after 2 years, but shall be eligible for reelection or being co-opted.

Trustee induction and training

e New trustees undergo a period of induction for one week and get skills training relevant to them.

Objectives and activities

“We aim to enhance the quality of life and enable independent living of the Indian Elderly by providing services in support of their social, medical and welfare needs.”

e To promote the relief of elderly people, in particular the elderly Indians, in any manner deemed by law to be charitable within the City of Manchester and surrounding areas with which the Centre is contracted.
e To provide provisions to meet basic and culturally sensitive needs of the elderly living in the above mentioned areas.
e Toraise awareness of the specific needs of the elderly in order to strengthen linkages and support systems with the voluntary and statutory sector.
e To better utilise and develop under-used community facilities and buildings in both statutory and voluntary sectors for use by elderly in the above mentioned areas.
e To provide culturally sensitive day resource services, including a luncheon club, recreational facilities including customary food, social activities, entertainment, games, outings, visits and preventative health care and rehabilitation facilities i.e. physiotherapy, occupational therapy, chiropody, exercise classes and Indian dancing classes.
e To provide a platform for the development of mutual self-help, which in turn ensures a better quality of life and social care for the independent living of the elderly.
° To liaise with statutory and non-statutory sectors on planning, adoption and implementation of effective policies.
© To affiliate to the National Federation of Community Associations and to other organisations with similar charitable objects.
A review of our achievements and performance: How our activities delivered public
benefit:

Unfortunately the United Kingdom was under lockdown from March 2020 and because we primarily deal with vulnerable elderly people we could not take the risk of opening up for any kind of activities.

Financial review

In the year to 31° March 2021 the charity had a total income of £44,803 (2020 £76,177) and total expenditure of £65,959 (2020: £105,258). This resulted in a net deficit for the year of £21,156 (2020: deficit £29,081). At the end of the financial year restricted reserves stood at £114,750 of which £93,523 related to part of the book value of the building. At 31° March 2021 £751,605 was held on fixed term deposits maturing between 2021 and 2022.

INDIAN SENIOR CITIZEN’S CENTRE (MANCHESTER)

Investment powers and policy

Monies not required for day to day running costs are held in interest bearing fixed term deposits.

Reserves policy and going concern

The balance held in unrestricted reserves at 31° March 2021 was £855,956 of which £795,102 are free reserves, after allowing for funds tied up in tangible fixed assets. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately 24 months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.

The Trustees consider, having regard to the cash deposits and budget for the next twelve months, that the charity is a going concern.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.

Plans for Future Periods:

For the future plans of successfully carrying out the activities of the centre the Management Committee will have regular talks with the current members. The Management committee is aware that a large population of the Indian community in Manchester is getting older and the committee is looking at ways and means to attract them to the centre. Since the local councils have sharply cut the funding for day centres like ours we find it very difficult to provide services to our members. However, we the management committee is not going to give up and find different ways and means to raise funds for our routine activities and engage our members.

INDIAN SENIOR CITIZEN’S CENTRE (MANCHESTER)

Trustees responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

e Select suitable accounting principles and then apply them consistently; e Observe the methods and principles in the applicable Charities SORP;
e Make judgments and estimates that are reasonable and prudent;
e State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
e Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 27" September 2021 and signed on their behalf by:

—_— =eee Mr Niranjan Bhatt Chair of Trustees

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INDIAN SENIOR CITIZEN’S CENTRE (MANCHESTER) REGISTERED CHARITY NO. 1040167

I report on the accounts of the charity, for the Year Ended 31 ST March 2021 which are set out on pages 6 to 14.

Respective Responsibilities of Trustees and Examiner The charity’s trustees are responsible for the preparation of the accounts. The charity 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. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

e Examine the accounts under section 145 of the 2011 Act; e follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
e To state whether particular matters have come to my attention.

Basis of Independent Examiners 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 below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention :
(1) which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records have in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act, have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding

of the accounts to be reached.

Signed: ie Gone OVA 0 E.L Anderson MA FCA CTA Date: 27" September 2021 The

Community Accountancy Service Ltd The Grange, Pilgrim Drive, Beswick, Manchester, M11 3TQ

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

				Year	Year
				Ended	Ended
				31.3.21	31.3.20
	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
INCOME FROM:
Donations & Legacies	(2)	190	-	190	5,323
Charitable Income	(3)	-	30,183	30,183	58:315
Income from Trading Activities	(4)	800	-	800	256
Bank Interest		13,630	-	13,630	7,108
Other Income - surplus on disposal ofvehicle		-	-	-	5175
TOTAL		14,620	30,183	44,803	76,177
EXPENDITURE ON:
Raising Funds Charitable Activities	(5) (6)	(410) (23,749)	- (41,800)	(410) (65,549)	(410) (104,848)
TOTAL		(24,159)	(41,800)	(65,959) _(105,258)
NETINCOME (EXPENDITURE)		(9,539)	(11,617)	(21,156)	(29,081)
TRANSFER BETWEEN FUNDS	(13)	-	-	2	cs
RECONCILIATION OF FUNDS Total Funds Brought Forward		865,495	126,367	991,862	1,020,943
TotalFundsCarriedForward	(14)	a —855,956 114,750 970,706__991,862,

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 9 to 14 form part of these accounts.

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

BALANCE SHEET AS AT 31 MARCH 2021

		2021		2020
	Notes	£		£
FIXED ASSETS
Tangible Fixed Assets	(10)		154,377	179,282
CURRENT ASSETS
Debtors	(11)	35,316		30,036
Bank Deposits		751,606		748,907
Cash at Bank and in Hand		30,654		42,560
		817,576		821,503
LIABILITIES:
Amounts falling due
within one year	(12)	(1,247)		(8,923)
			816,329	812,580
NET CURRENT ASSETS			970,706	991,862
ACCUMULATED FUNDS
Restricted Unrestricted	(13) (13)		114,750 855,956 970,706	126,367 865,495 ___991,862,

Approved and signed on behalf of the Trustees Management Committee

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VAN ROY ¢ -) Chair
a > Mr Niranjan Bhatt
Afiw / W4y]ie ce» w+)<< Treasurer Mr Hasmukh Patel
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Date: 27th September 2021

The notes on pages 9 to 14 form part of these accounts.

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST MARCH 2021

Reconciliation of net movement in funds to net cash flow from operating activities

	2021	2020
	£	£
Net movement in funds	(21,156)	(29,081)
Add back depreciation	25,674	23,050
Deduct investment income	(13,630)	(7,108)
Deduct profit on sale of fixed assets	-	(5,175)
Decrease/(increase) in debtors	(5,280)	(6,498)
Increase/(decrease) in creditors	(7,676)	(4,323)
Netcash used in operating activities	(22,068)	(29,135)
Cash flows from investment activities:
Interest	13,630	7,108
Sale of Fixed Assets	-	Sia Wa]
Purchase of fixed assets	(769)	(35,107)
Netcash provided by investing activities	12,861	(22,824)
Increase/(decrease) in cash and cash equivalents during	(9,207)	(51,959)
the year
Cash and cash equivalents brought forward	791,467	843,426
Cashandcashequivalentscarriedforward	782,260	791,467

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. 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 January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

(b) Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There are 2 restricted funds at the year end. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion have created a fund for a specific purpose. Further details of each fund are disclosed in note 13. (c) Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

(d) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below. (e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(f) Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on staff time and facilities used in each activity. The allocation of support and governance costs is analysed in note ts

(g) Charitable Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 6.

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

(h) Tangible fixed assets and depreciation

Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost (valuation for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:Buildings 2% on cost Building Improvements 10% on cost Vehicles 25% on cost Computers 25% on cost Furniture & Equipment 25% on cost

The charity, being a public benefit entity, does not consider that it holds the buildings as an investment. The building was purchased using a grant from the National Lotteries Charity Board (Community Fund) and is stated at cost less depreciation.

(i) Taxation

The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The Charity is not currently registered for VAT.

(j) Pensions

The charity contributes to a defined contribution pension scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employee's contributions.

(k) Contingent liabilities A contingent liability is identified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees’ control.

(I) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(m) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of the funds to a third party and the amount due to settle the obligation can be measured of estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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Unrestricted Restricted Total Unrestricted Restricted Total
2 DONATIONS & LEGACIES Funds Funds 2021 Funds Funds 2020
£ £ £ £ = £
Donations 180 - 180 3,454 596 4,050
Gift Aid 10 - 10 1,273 - 1,273
190 - 190 4,727 596 5,323
3 INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2021 Funds Funds 2020
£ £ £ £ raf a
Manchester City Council - - - - 137 137
CJRS - 6,504 6,504 - - -
Stockport MBC - - - - 3,492 3,492
Manchster Well Being - 500 500 - - -
Age UK Trafford - - - - 11,250 11,250
Bury MBC - 2,920 2,920 - 19,284 19,284
National Lottery Covid - 10,000 10,000 - - -
NHS - 10,259 10,259 - 10,081 10,081
Members Meals - - - 3,507 - 3,507
Members Holidays & Trips . - - - 2,413 2,413
Membership - - - 2,540 2,540
Members Transport Service - - - 5,611 = 5,614
- 30,183 30,183 11,658 46,657 58,315
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INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

4	INCOME FROM TRADING ACTIVITIES	INCOME FROM TRADING ACTIVITIES
		Unrestricted	Restricted				Unrestricted	Restricted
		Funds	Funds	Total	2021		Funds	Funds	Total 2020
		£	£	£			£	£	£
	Raffles	-	-			-	166	-		166
	Room Hire	800	-			800	90	-		90
		800	-			800	256	-		256
5	EXPENDITURE ON RAISING FUNDS
		£	£	£			£	£	£
	Employment Costs	410	-			410	410	-		410
		410	-			410	410	-		410
	EXPENDITURE ON	Unrestricted	Restricted				Unrestricted	Restricted
6	CHARITABLE ACTIVITIES	Funds	Funds	Total	2021		Funds	Funds	Total	2020
		£	£	£			£	£	£
	EmploymentCosts	-	10,961	10,961			1,142	10,287	11,429
	Freelance & Sessional Work	992	-			992	1,384	12,453	13,837
	Meals & Food	-	-			-	2,278	1,232		3,510
	Physiotherapy, Chiropody, Exercise Classes etc	-	238			238	587	5,280		5,867
	Travel&Transport	-	-			-	18	164		182
	Vehicle Costs	3,022	-			3,022	889	8,004		8,893
	Volunteer Expenses Members Holidays & Trips Festivals Members Donation - Kerala Fund	- - - -	- - - -			- - - -	3 - 273 -	30 2,592 2,461 596		33 2,592 2,734 596
	Support Costs Governance Costs	17,168 2,567 23,749	30,601 - 41,800		47,769 2,567 65,549		21,084 246 27,904	31,626 2,219 76,944	52,710 2,465 104,848
7	ALLOCATION OFGOVERNANCEAND
	SUPPORT COSTS
		General Support £	Governance £	Total £		2021	General Support £	Governance £	Total	2020 5
	EmploymentCosts Premises Costs	6,924 8,282	1,228			8,152 8,282	6,622 10,717	1,168	7,790 10,717
	Legal Fees Day Care Costs* Repairs & Maintenance Telephone & Post Printing & Stationery Insurance Minor Equipment Television Services Depreciation Sundries BankCharges Accountancy& Payroll	4,450 (4,827) 3,273 356 297 1,945 470 780 25,674 145 - - 47,769	1,339 2,567		4,450 (4,827) 3,273 356 297 1,945 470 780 25,674 145 - 1,339 50,336		- - 7,548 4,232 323 4.532 789 706 23,050 74 117 ~ 52,710	- - 7,548 1,232 323 1:532 789 706 23,050 74 Wg 1,297 1,297 2,465 55,175

*Day care costs discharged by family of beneficiary

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

NOTES	NOTES TO THE ACCOUNTS FOR THE YEAR	NOTES TO THE ACCOUNTS FOR THE YEAR	ENDED 31 MARCH 2021	ENDED 31 MARCH 2021								12
8	STAFF COSTS								2021			2020
									£			£
	Wages and Salaries								19,523			19,499
	Employers National Insurance									~		=
	Pension Costs									e		130
									19,523			19,629
	The charity considers its key management		personnel comprises the trustees.
	The total employment benefits, including employer pension contributions ofthe key management
	personnel were £nil. No employee has	benefits in excess of£60,000			.
	The charity employed 3 people during the year (full time equivalent of				1 person).
	The average number ofemployees, working on a part time or sessional basis, analysed by							function was:
	Client Care Services										2	3
	Management & Administration										1	1
								ee:
9	TRUSTEES' REMUNERATION AND EXPENSES
	No remuneration was paid directly or indirectly out of the funds ofthe				charity	to
	any trustee or to any persons known to be		connected with them.
	No reimbursement of expenses has been made or is due to be made				to any
	of the trustees in respect ofthe period.
									Security,
10	FIXEDASSETS	Buildings		Building Improvements	Vehicles		Computer Equipment		Furniture & Equipment			Total
	COST		£	£	£		E		£			£
	As at 1st April 2020		202,200	700,265	121,523		24,599		129,400			1,177,987
	Additions		-	-		-		769		-		769
	Disposals As at 31 March 2021		- 202,200	- 700,265	- 121,523		- 25,368		- 129,400			- 1,178,756
	DEPRECIATION
	As at 1st April 2020 Charge foryear		88,968 4,044	664,246 12,661	91,492 8,777		24,599 192		129,400 -			998,705 25,674
	Disposals As at 31 March 2021		- 93,012	- 676,907	- 100,269		- 24,791		- 129,400			- 1,024,379
	NET BOOK VALUE
	As at 31 March 2021		109,188	23,358	21,254			577		-		154,377
	As at 31 March 2020		113,232	36,019	30,031			-		-		179,282
11	DEBTORS								2021			2020
									£			£
	Other Debtors									-		4,128
	Accrued Income								32,950			23,402
	Prepayments								2,366 35,316			2,506 30,036
	In 2021 all prepayments and debtors relate to unrestricted funds. In 2020 £4,128						ofotherdebtors	debtors	related	to	restricted
	funds.
12	LIABILITIES: AMOUNTS FALLING DUE		WITHIN	ONEYEAR					2021			2020
									£			£
	Other Creditors									137		7,011
	OtherTaxes & Social Security Costs Accruals									- 1,110 1,247		421 1,491 8,923
	Allliabilitiesrelatetounrestrictedfunds.

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

NOTES	NOTES TO THE ACCOUNTS FOR THE YEAR ENDED	31 MARCH 2021						13
13	MOVEMENT IN FUNDS OF THE CHARITY	Balance						Balance
		1 April Incoming		Transfers		Outgoing		31 March
		2020						2021
	Restricted Funds:	£	£	£			£	£
	Manchester City Council	29,347	-				(8,153)	21,194
	ManchesterWell Being	-	500				(500)	-
	National Lottery Covid	-	10,000				(10,000)	-
	CJRS	-	6,504				(6,504)	-
	Bury MBC	-	2,920				(2,920)	-
	NHS	-	10,259				(10,259)	.
	Members Holidays & Trips	33	-				:	33
		29,380	30,183		-		(38,336)	21,227
	Restricted CapitalFunds:
	Community Fund - building	14,569	-				(520)	14,049
	Insurance Claim - building	82,418	-				(2,944)	79,474
		96,987	-		~		(3,464)	93,523
	TOTAL	126,367	30,183		-		(41,800)	114,750
	Unrestricted Funds:
	General Unrestricted Capital Funds TOTAL	783,200 82,295 865,495	14,620 - 14,620		- - -		(2,718) (21,441) (24,159)	795,102 60,854 855,956
		991,862	44,803		-		(65,959)	970,706
	Previous Year	Balance						Balance
		1 April	Incoming	Transfers			Outgoing	31 March
		2019						2020
	Restricted Funds:	£	£	£			£	£
	Manchester City Council StockportMBC Age UK Trafford BuryMBC NHS	55,395 - - - -	137 3,492 11,250 19,284 10,081				(26,185) (3,492) (11,250) (19,284) (10,081)	29,347 - - - -
	Members Donation - Kerala Fund	-	596				(596)	-
	Members Holidays & Trips	2412 55,607	2,413 47,253		-		(2,592) (73,480)	33 29,380
	Restricted Capital Funds: Community Fund - building Insurance Claim - building	15,089 85,362 100,451	- - -		- - -		(520) (2,944) (3,464)	14,569 82,418 96,987
	TOTAL	156,058	47,253		-		(76,944)	126,367
	Unrestricted Funds: General Unrestricted Capital Funds TOTAL	798,111 66,774 864,885 1,020,943	28,924 - 28,924 76,177	(35,107) 35,107 - -			(8,728) (19,586) (28,314) (105,258)	783,200 82,295 865,495 991,862
	Details re funds:	Contribution Towards:
	RestrictedRevenue Funds:
	Manchester City Council ManchesterWell Being	- towards carers grant and day care - towards day care and wellbeing
	National Lottery Covid CJRS	- towards Covid-19 support - towards employment costs		during	Covid	19
	Bury MBC NHS	-towards employment costs during Covid 19 -towardsrehabilitationandpreventionservices

Restricted Capital Funds: Community Fund - grant towards the purchase of premises for the project. Insurance Claim - towards restoring the fabric of the property

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

	Fixed	Net Current	2021	Fixed	Net Current	2020
	Assets	Assets	Total	Assets	Assets	Total
	£	£	£	2	£	£
RESTRICTED FUNDS:	-	21,227	21,227	-	29,380	29,380
	-	21,227	21,227	-	29,380	29,380
RESTRICTED FUNDS (CAPITAL):
Community Fund - building	14,049	-	14,049	14,569	-	14,569
Insurance Claim - building	79,474	-	79,474	82,418	-	82,418
	93,523	-	93,523	96,987	-	96,987
UNRESTRICTED FUNDS:
General Designated	- 60,854	795,102 -	795,102 60,854	- 82,295	783,200 .	783,200 82,295
	60,854	795,102	855,956	82,295	783,200	865,495
TOTALFUNDS	154,377	816,329	970,706	179,282	812,580	991,862

15 GOING CONCERN

The charity's main source of income is grant funding and investment income. The trustees consider, having regard to reserves that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary if the funding income should cease.

16 POST BALANCE SHEET EVENTS

The Trustees do not consider that there have been any events since the balance sheet date that significantly impact on the financial statements.

17 FINANCIAL INSTRUMENTS

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER)

DETAILED INCOME AND EXPENDITURE ACCOUNT

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||||||||| |---|---|---|---|---|---|---|---| |(for|management|purposes|only)| |2021|2020| |INCOME|£|¢| |Donations|180|3,454| |Gift|Aid|10|1,273| |Special|Donations|-|Kerala|Fund|=|596| |Grants:| |Manchester|City|Council|-|137| |Stockport|MBC|-|3,492| |Manchester|Wellbeing|500|-| |National|Lottery|Covid|10,000|-| |Trafford|MBC|(Marple|Partnership)|-|11,250| |Bury|MBC|2,920|19,284| |CJRS|Grant|6,504|-| |NHS|10,259|10,081| |30,183|44,244| |Members|Meals|&|Meal|Donations|-|3,507| |Membership|-|2,540| |Members|Transport|Service|-|5,611| |Bank|Interest|(incl.|matured|deposits)|13,630|7,108| |Surplus|on|Sale|of Van|-|5,175| |Hall|Hire|800|90| |Raffle|.|166| |Trips|-|2,413| |44,803|76,177| |EXPENDITURE| |Employment|Costs|19,523|19,499| |Pensions|-|130| |Freelance|&|Sessional|Work|992|13,837| |Meals|&|Food|-|3,510| |Physiotherapy,|Chiropody,|Yoga,|Exercise|Classes|etc|238|5,867| |Day|Care|Costs|(4,827)|-| |Travel|&|Transport|-|182| |Vehicle|Costs|3,022|8,893| |Volunteer|Expenses|-|33| |Members|Holidays|&|Trips|-|2592.| |Festivals|-|2,734| |Premises|Costs|8,282|10,717| |Repairs|&|Maintenance|3,273|7,548| |Telephone|&|Post|356|1,232| |Printing|&|Stationery|297|323| |Insurance|1,945|1D oe| |Minor|Equipment|470|789| |Television|services|780|706| |Legal|Fees|4,450|-| |Depreciation|25,674|23,050| |Sundries|145|74| |Donation|-|Kerala|Fund|-|596| |Bank|Charges|-|117| |Accountancy &|Payroll|1,339|1,297| |65,959|105,258| |Surplus|(Deficit)|for the|Year|(21,156)|(29,081)|

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