INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) REGISTERED CHARITY NUMBER . 1040167 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page5 Index Tru8tees Annual Report Independent Examiners Report Statement of Fir7ancial Activities Balance Sheet stalement of Cash Flows 8-13 Notes lo the Accounts (For Management Purposes Only) Detailed Income and Expenditure Account 14
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) Report of the trustees for the year ended 31. March 2025 The trustees present thelr annual report and flnanclal statements of the charlty for the year ended 31 ts1 March 2025. The flnanclal statements have been prepared in accordance wllh the accountlng pollcles set oul In note 1 to the accounts and comply wllh the charlly's Irust deed, the Charltles Act 2011 and Accountlng and Reporllng by Charities,. Statement of Recommended Pracllce appllcable lo charltlos preparlng thelr accounts In gccordance wlth the Flnanclal Repordng Standard Appllcable In the UK and Republlc of Ireland published (FRS 102) (effBclive1 January 2019). Reference and admlnlstratlve Informatlon Charity Name.. Indlan Senlor Cltlzen's Centre (Manchester) Charily Number: 1040167 Trustees Chalr Vlce Chalr Gen. Secretary Treasurer Commllte8 Members Mr Hasmukh Patel Mr Suresh Pat81 Mrs Chhaya Kananl Mr Niranlan Bhall Mrs Mrudula Ghelanl Mrs Ramlla Solankl Mrs Usha Nanda Admlnlstrator Mrs Bhartl Hlndocha Prlnclpal Office Indian Senior Citizen's Centre 16-18 Whalley Road Manchester M16 8AB Independent Examlneys Hilton Jones Ltd Holllnwood Buslness Centre Albert Stregt Oldham OL8 3QL Bankers Barclays Bank plc P,0. Box 357 51 Moslay Stre6t Manchester M60 1AU Structurei governance and management Th8 Charilyls a regl8tered charlly under a conslllulSon dated 20th May 1993 and subsequently updated, on 161h November 2009. Appolntment of trustees New trustees ar6 at lh6 Annual G6neral Meetlng. Notlce Is glven to all members 21 days beforg the meetlng. The trustees should comprlse between 7 and 10 members wllh a mlnlmum of 2 Iruslees being women. The elected member8 nomlnate the officers.
INDIAN SENIOR CITIZEN'S CENTRE {MANCHESTERI The trustees nomlnate onè Honorary President who wlll sGN8 for up to 2 years from amongst former trustee offlcers and may co-opt not more than 3 co-opts where 3peclflG 8klll Is requlred to develop the centre and who shall be full members of the cenlre. All the elected memb8r8 wlll automatlcally retlre after 2 years, but shall be ellglb18 for r8- electlon or belng co-opted. Truste8 Inductlon and tralnlng New trustees undergo a period of induction for on8 week and get skllls tralnlng relèvant to th&m. Objectlv68 and actlvltles "We alm to enhance the quality of Ilf8 and enable Independent Ilvlng of th& Indlan Elderly by provldlng seNlces In support of thelr soclal, medlcal and welfare needs., To promote the relief of elderly people, in partlcular Ihe elderly Indlans, In any manner deemed by law to be charltable within the Clty of Manchester and surroundlng areas wlth whlch tho Centre is contracted. To provlde provlsions to meet baslc and culturally sensltlve needs of the elderly Ilvlng in the bove mentloned areas. To ralse awareness of the speciflo needs of the elderly In order to strenathen Ilnkages and support systems wlth the voluntary and statutory sector. To better utilise and develop under-used community facllllles and buildings In both slatutory and voluntary sectors for usè by elderly In thè abov8 mentloned areas. To provlde culturally sensltlve day resource services, Includlng a luncheon club, recreatlonal facllllles Includlng customary food, soclal acllvities, entertalnment, gamès, outlngs. vlslts and prevenlatlve health care and rehabili18tion facililles i.e. physiotherapy, occupatlonal therapy, chiropody, ex6rclse classes and Indlan dancing classes. To provide a platfomi for the development of mutual self-help. which in turn enÈureB a better quality of life and soclal care for the independent living of the elderly. To Ilaise with statutory and non-8latutory sectors on plannlng, 8doption and implementation of effective pollcles. To affiliatg to the Nallonal Federation of Communlty Assoclations and lo other organlsatlons wlth slmllar charltable oblecls. A ravlèw of our achlevements and perfoymance: How our actlvltles dellvered publlc beneflt: Th8 majority of our members are old ao6 pensloners with some sort of dlsabllltyl hèalth problems. However we are continuing wlth current indoor activities like art work, music, 8ingina, card games, exerclse etc. Durlng the year 2-3 days outdoor trips are popular with our members. Flnanclal révlow In the year lo 31 st March 2025 the charity had a total income of £68,59512024 £64,051) and tolal 6xpendlture of £132.859 (2024,. £136,883). This resulted In a net deflclt for the year of £64,264 (2024,. deflclt £72,832) which was funded from our reserves. At the end of the Ilnancial year re8trlcted reserves stood at £81,331 of whlch £79.667 related lo part of the book valu6 of the bulldlna. Al 3181 March 2025 £300,000 was held on flxed term deposlts malurlng In March 2026. Invostment powers and poll¢y It Is our aim that monlos not required for day to day running cost8 are held In Interest bearing flxed term deposlts.
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI Reservos pollcy and golng concern The balance held In unrestricted reserv&s at 31sI March 2025 was £667,903 01 whlch £655,278 are free reserves, after allowing for funds tied up In tsngible fixed assets. The trustees alm lo malnt8in free reserves In unrestricted funds al 8 level whlch equates to approxlmat8ly 24 months of unrestrlcled charitabl8 éxpendltur8. The trustees conslder that Ihls level will provlde sufflclont funds to respond lo appllcatlons for grants and ensure Ihat support and governgnce cogts aro covered. The Trustees conslder. having regard to tha cash deposils and budget for the next twelve months, that the charity Is a golng concern. Rlsk manag¢ment The trustees have conducted a revlew of the malor rlsks to whlch the charlty Is exposed and systems have been establlshed to mltlgate those risks. Plans for Future Perlods: The Management committee Is very concerned at the deficits that have occurred In the last few years. The Management Commltlee has discussed the fin8nclal situation and 18 looking for ways lo ggn8rate Income by hldng out the vgnue etc.. Trustees r85ponslbllltles In relatlon lo the flnanclal statements The eharlty trust6es are respon51ble for preparlng a trustees, annual report and flnanclal stalements In ccordanc6 wllh applicabl& law and Unlled Klngdorn Accountlng Standards (United Kingdom Generally Ac¢epted Accountlng Practlce). The law Applicable to charities in Eng18nd and Wales requires Ihe charity Irustees lo prepar8 flnanclal statements for each year which glve a true and fair vlew of the slate of affairs of the charlty and of the Incoming resources 8nd application of resoure8s, of tho charlty for that perlod. In preparlng the flnanclal statements, th6 trustees aro requlred to: Select sultable accounllng princlples and then apply them conslstenlly., Observe the methods and princlples In the applicable Charilles SORP., Makeludgments and estlmates th81 are reasonable and prudent. State whether appllcable accounllng standards have been followed, subject to any materlal departures that must be dlsclosed and explalned In the Ilnanclal stalements; Prepare Ihe financlal statements on a golng concern basls unless it Is approprlat61o presume that the charlty wlll continuo In busln88s. The trustees are responslble for keeplng proper accounting records that dlsclose wlth reasonablg accuracy al 8ny time the financial position of the charily and to enable them to ensure that Ihe financial statements comply with the Charlties Act 2011, thg applicablg Charities (Accounts and Reports) Regulallons, and the provlslon of the Trust deed, They are also responslble for safeguardlng Ihe assets of the charlty and taklng reasonable steps for the prev8ntlon and detectlon of fraud and other Irregularltles. Approved by the Irustees on 111h December 2025 and slgned on Ih8lr behalf by: Mr Hasmukh Patel Chalr of Trusloes
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTKR) REGISTERED CHARITY NO. 1040167 T i'eport on the accounts of the chai'ity, foi. the Yeai. Ended 31 sl March 2025 which are set out on pages S to 13. Respective Responsibilities of Trustees and Examiner The charity's trustees are i'esponsible foi. tlie pi'epai'ation of the accounts. The chai'ity tiust¢es considei. that an audit is not i-equii'ed foi. this yeai- und¢i' section 144(2) of the Chai'ities Act 2011 (the 201 l Act) and that an independent examination is needed. The charity is prepaiing acciued accounts and I am qualified to undei'lake the examination by being a qualified membey of the Association of Chai'tei'ed Cettified Accounts. It is my responsibility to.. Examine the accounts under section 145 of the 201 l Act: Follow the pi'ocedui'es laid down in tlie geiieral Dii-ections given by the Charity Commissioii under section 145(5)(b) of the 201 l Act. aiid To state whetlier paiticular matters have come to iny attention. p Basls of Independent Examiners Report My exainination was carried out in accordance with the General Directions given by the Chai'ity Commission. An examination includes a review of the accoiinting recoi'ds kept by the charity and a compai'ison of the accounts presented with those i-ecoi'ds. It also includes considei'ation of any unusual iteins or disclosui-eb in tlie accoiints, and seeking explanations from you as trustees concerning any such Inattci-s. Th¢ procedui-es iindcrlaken do not provide all thc evidence thilt would be reqllll'ed in an aiidit, and consequently no opinion is given as to whether the accounts pi'esent a tiue and fair view" and the repoi't is limited to tliose mattel-s set out below. Independent Examiner's Statement In connection with my ex(Imination, no matter has come to my attention: (l) whicli gives me rcasonablc cause to believe th(It in any matei'ial respect the requii-ements: to keep accounting i'ecoi'ds have in accoi'dance with section 130 of the 2011 Act. and to prepar¢ accounts which accoi'd with the accounting i'ecoi-ds and to comply with the accounting i-equiremcnts of tlie 201 I Act, have not b¢¢n inet.. or (2) to which, in my opinioii, attention should be di'awn in order to enable a proper undei'standing of the accounts to be reached. Signed.. .Tames M Hiltoii-joiies FCCA th Date.. I l D¢ceinber 2025 Hiltoii Joiies Ltd Holliiiwood Business Ceiitre Albeit Street Oldham OL8 3QL
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Notes Unrestrlcted Restrlctad Funds Funds Total Funds 2025 Total Funds 2024 INCOME FROM,, Donations & Legacle8 Charitabl8 Income Income from Tradlng Acllvllles Bank Interest Olhgr Incomg TOTAL (21 (3) 141 9,942 30.645 9,680 3,260 305 53,832 9,942 45.408 9,680 3,260 305 68,595 10.755 41,603 7,398 4,050 245 64,051 14,763 14,763 EXPENDITURE ON: Charltablè Actlvltles 151 1114,839) 118,0201 (132,859) 1136,8831 114,839 18.020 132,859 136,883 TOTAL NET INCOME (EXPENDITURE} TRANSFER BETWEEN FUNDS (61,007) 13,257) 164,264) (72,832) 112) RECONCILIATION OF FUNDS Total Funds Brought Forward 728,910 84,588 813,498 886,330 Total Funds Carrfed Foard {d3) 667,903 81,331 749,234 813.498 Th& statemenl of financlal acllvllles Includes all galns and losses In the year. All Incomlng resources and resources expended derlve from contlnulng actlvilles. The notes on pages 8 10 13 fortn part of th8$9 accounts.
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) BALANCE SHEET A8 AT 31 MARCH 2026 2026 2024 Notes FIXED A88ETS Tangible Fixed Assets (91 93,956 100,053 CURRENT A88ETS Debtors Bank Deposits Cash at Bank and in Hand 1101 5,669 300.000 352,400 5,040 100,000 610,523 658,069 715,563 LIABILITIES: Amounts falling due within on& year {11} 655,278 713,445 NET CURRENT ASSETS 749.234 813.498 ACCUMULATED FUND8 R&stricted Unrgslricted 112} 112) 81,331 667 903 749 234 84,588 728 910 813 498 Approved and signed on behall of the Trustees Management Committee Chair Mr Hasmukh Palel rgasurer Mr Nlr4njan Bhall Dat8: The notes on pages 8 to 13 form part of Ihgse accounts.
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2025 Reconclllatlon of net movement In funds to net cash flow from operating activities 2025 2024 Net movement in funds Add back depreciation Deduct investment income Decreasellincreasel in debtors Incre8selldecreasel in creditors 164,264) 6,097 {3,2601 16291 673 172.832) 14.098 14.0501 5.273 11431 Net cash used In operating actlvltles 61.383) 157,654) Cash flows from investment actlvitles: Interest Purchase of fixed assets Net cash provided by investlng activitles 3.260 4.050 3,260 4,050 Increaselldecrease) in cash and cash equivalen15 during the year {58.1231 153.604) Cash and cash equivalents brought forward 710.523 764,127 Cash and cash equlvalents carried forward 652,400 710,523
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES lal Basis of preparation and assessment of golng concern The accounts (financial slatemenls} have been prepared under the historical cost conventlon with items recognised al cost or transaction value unless otherwise slated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. AoUntIng and Reporting by Charities preparing their accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 7021 issued January 2019 and the Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland IFRS 1021 and the Charllles Act 2011. The charity conslilules a pvblic benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability lo continue as a going concern. Ibl Funds structure Restricted funds are funds which are lo be used in accordance with 5peclfic restrictions Imposed by the donor or trust deed. There are 2 reslricled funds al the year end. Unrestricted income funds comprise those funds whlch the Iruslees are free lo use for any puipose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees. at their dlscrelion have created a fund for a specific purpose. Further details of each fund are disclosed in note 12. Icl Income recognition All income is recognised once the charity has entillemenl 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 boen notified in writing of both the amount and selllement date. In the event that a donation is subject lo conditions that requirè a level of perfolmance before the charity is enlilled lo the funds, the income is deferred and not recognised until either those conditions are fully mel, or the fulfilment of those condilions is wholly within Ihe control of the eharily and il 15 probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit 15 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. Idl Expendlture Recognition Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the charity to that expenditure. it is probable that settlement will be required and the amount of the obligatlon 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 lo the applicable expenditure headings. For more information on this attribution refer to note If) below. le) Irrecoverable VAT Irrecoverable VAT 15 charged agalnsl the expendlture heading for whlch It was incurred. (fl 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 ils compliance th 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 charilable activities have been apportioned based on Staff lime and facilities used in each aclivily. The allocation of support and governance costs is analysed in note 6. {gl Charltablp Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 5.
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 {hl Tangible flxed assets and depreclatlon Fixed assets are included in the accounts at nel book value. Additions of a single item or a group of similar assets exedIng £500, are capilalised 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 eslimaled useful lives as follows'.- Buildings 20/0 on cost Building Improvements 1 OOA on cost Vehicles 25Vo on cost Computers 25¥0 on cost Furniture & Equipment 25¥0 on cost The charity, being a public benefit enlily. does not consider that it holds the buildings as an inveslm8nt. The building was purchased using a grant from the National Lollerios Charity Board {Communily Fund) and is slated at cost less depreciation. 111 Taxatlon The organisation is exempt from income lax by reason of its charitable status. Income lax suffered on investment income is reclaimed in full. The Charity is not currently registered for VAT. lil Pensions The charity contributes lo a defined contribution pension scheme. The charity has no liability beyond making its contributions and paying 8cross the deductions for the employee's contributions. Ik) Contlngent Ilabllities A conlingenl 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 Ijncertain future events not wholly wllhin the trustees, control. {11 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 arby trade discounts due. Im) Creditors and Provlsions Creditors and provisions are recognised where the chaiily has a present obligation resuliing from a past event that will probably result in the transfer of the funds lo a third party and the amount due lo settle the obligation can be measured of eslimaled reliably. Creditors and provisions are normally recognised al their setllem8nl amount afler allowing foi any trade discounts due. Unrèstrlcted Rèstricted Funds Funds Unrestricted Funds 2 DONATIONS & LEGACIES Restrictèd Funds 2025 2024 Donations Gift Aid 8.718 1,224 9.942 8.718 1,224 9.942 7,315 1,569 8,884 1,871 9,186 1.569 10,755 1,871 3 INCOME FROM CHARITABLE ACTIVITIES Unr85tricted Restricted Funds Funds Unreslrieted Restricted Funds Funds 2025 2024 Bury MBC NHS Manchester CCG Members Meals Members Holidays & Trips Membership Members Transport Sorvice 1,500 11.032 1,500 11,032 18,589 2.225 3,221 5,036 41,603 11.098 11.098 22,129 3,665 4,345 4,171 45.408 22,129 18,589 3,665 2.225 4.345 4,171 30.645 3,221 5,036 26,846 14,763 14,757
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER} NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 4 INCOME FROM TRADING ACTIVITIES Unrestricted Restrlcted Funds Funds Unrestricted Restricted Funds Funds 2025 2024 Room Hire 9.680 9,680 9,680 9,680 7,398 7,398 7,398 7,398 CHARITABLE S ACTIVITIES Unrestrlcted Restrlcted Funds Funds Unrestricled Reslricted Funds Funds 2025 2024 Employment Costs Freelance & Se55ional Work Staff Training D8S Checks Volunteer Expenses Meals & Food 32,963 5,817 38,780 31,869 2,026 76 46 2,777 357 61 34,646 2,383 137 54 204 36 240 23,278 23,278 21,509 683 22,192 Physiotherapy, Chiropody, Exerclse Classes elc Travel & Transport Vehicle Costs Members Holidays & Trips Celebration & Events Support Costs Governance Costs 2,848 198 12,955 502 35 2,286 2,878 307 5,978 181 18,020 3,350 233 15,241 2,878 2,048 44,997 1,814 132,859 2.529 205 6,594 446 2.975 36 241 1.164 7,758 1.795 1,795 382 2,547 11.743 60,060 210 2,095 19,662 136.883 1,741 39.019 1,633 114.839 2,165 48,317 1,886 117.221 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS tsenerai Support Governance (ieneral Support Govemance 2025 2024 Employment Costs Premises Cosls Website Legal Fees Repairs & Maintenance Printing. Stationery & Post Insurance Television, Telephone & Internet Depreciation Sundries Software Costs Bank Charges Accountancy & Payroll 10,970 13,812 919 2,234 5.544 529 2.715 1.533 6,097 610 566 11.536 13,812 919 2,234 5,544 529 2.715 7.533 6,097 610 10,763 8,940 59 6,632 13,968 474 3,115 1,329 14.098 544 60 78 566 11.329 8,940 59 6.632 13,968 474 3,115 1,329 14,098 544 60 78 34 34 1,248 46.811 1.248 1,814 1,529 2,095 44,997 60,060 62,155
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 7 STAFF COSTS 11 2025 2024 Wages and Salaries Employers National Insurance Pension Costs 50,316 45,975 50,316 45,975 The eharily considers its key management personnel comprises the Iruslees. The lolal employment benefiis. including employer pension contributions of the key management personnel were £nil. No employee has benefits in excess of £60,000 The charily employed 5 people during the year (full lime equivalent of 2 people). The average number of employees, working on a part lime or sessional basis. analysed by function was.. Client Care Services Management & Administration 8 TRUSTEES. REMUNERATION AND EXPENSES No remuneration wa5 paid directly or indirectly out of the funds of the charity lo any Iruslee or to any persons known lo be connected with them. No reimbursement of expenses has been made or is due lo be made lo any of the trustees in respect of the period. Security, Computer Furniture & Equipment Equipment 9 FIXED ASSETS COST As al 1 April 2024 Additions Dlsposals As al 31 March 2025 Buildings Improvetnenls Vehicles Total 202,200 700,265 35,107 25.368 129,329 1,092.269 202,200 700.265 35,707 25,368 129 329 1 092,269 DEPRECIATION As al l April 2024 Charge for year Disposals As al 31 March 2025 105,144 4,044 698,464 1.454 35,106 25.367 128,135 992.216 597 6,097 109 188 699.918 25.368 128 732 998 313 NET BOOK VALUE As al 31 March 2025 93,012 347 597 93,956 As at 31 March 2024 97.056 1,801 1,194 100.053 10 DEBTORS 2025 2024 Other Debtors Accrued Income Prepayments 3.328 358 1,819 2,863 5,040 2.341 5,669 In 2024 and 2023 debtors all relate lo unrestricted funds. 11 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other Creditors Accruals 515 2,276 2,791 313 1,805 2,118
INDIAN SENIOR CITIZEN'S CENTRE IMANCHESTERI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 12 12 MOVEMENT IN FUNDS OF THE CHARITY Balance 1 April Incoming 2024 Balance 31 March 2025 Transfers Outgoin9 Restrlcted Funds.. NHS Manchesler CCG Members Holidays & Trips 11,098 3,665 14,763 111.0981 2,878 13,976 1,457 1.457 2,244 2.244 Restricted Capltal Funds.. Buildlng 83.131 83,131 84.588 83.131 83,131 85,375 TOTAL 14,763 Unrestricted Funds.. General Unrestricted Capital Funds TOTAL 711,988 16,922 728,910 813.498 52.968 1133.7711 631,185 4,044 137,815 151,791 52,968 67,731 644,063 729.438 Previous Year Balance 1 April 2023 Ba12nce 31 March 2024 Incoming Transfers Outgoing ReslTlCted Funds.. Bury MBC NHS Manchester CCG Donations Members Holidays & Trips 1,500 11,032 1,871 {1,500) 111.032) {1.871 } 1,795 16,198 1,027 1,027 1,457 1,457 16,628 Restricted Capital Funds.. Community Fund - building 86,595 86,595 87.622 3,464 3.464 19.662 83,131 TOTAL 16,628 84,588 Unrestricted Funds.. General Unrestricted Capital Funds TOTAL 771,152 27,556 833,333 923 948 47,423 1106,5871 711,988 10.634 77,962 110,233 43,337 72,615 798 708 886,330 Details re funds.. Restricted Revenue Funds.. NHS Manchester CCG Capital Funds Contribution Towards.. towards PTeenlalive social and health servicès this represents the book value of fixed assels still to be d8preci8ted
INDIAN SENIOR CITIZEN'S CENTRE (MANCHESTER) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 13 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Flxed Assets Net Currgnt Asgets 2025 Total Fixed Assets Net Currènt Assets 2024 Total RESTRICTED FUNDS.. 2,244 2,244 1.457 1,457 RESTRICTED FUNDS ICAPITALI.. Bullding 79.087 79,087 79,087 83.131 UNRESTRICTED FUNDS: General Deslgnated 65S.278 631,185 711.988 711,988 12,878 12,878 16.922 655.278 844,063 711 988 728.910 TOTAL FUNDS 12,878 657,622 725,394 100,053 713,445 813,498 14 CAPITAL COMMITMENTS 2025 2024 Maintenance work contracted but not provided for 15 GOING GONCERN The Gharily's maln source of Income is grant fundlng and investment income. The trustees conslder, havlng regard to reserves that it is appropriate lo prepare Ihe accounts on a golng concern basis and, cons8quenlly, the accounts do not include any adjuslmenls that would be neGessary if the funding income should cease. 16 POST BALANCE SHEET EVENTS The Truslees do not conslder that there havè been ahy events slnce the balance sheet date that slgnlficanlly lrnpacl on the flnancial slatemenls. 17 FINANCIAL INSTRUMENTS The charity only has financial assets and financial Ilabllltles of a kind thal qualify as basic Ilnanclal Instruments. Baslc financial Instruments are initially recognised al transaGtion value and subsequently measured al their settlement value.