REGISTERED COMPAINY NUMBER: 02940649 (Englnd nd Wales) REGISTERED CHAIUTY NUMBER: 1042506 Report of tbe Trustees and Audited Financial Statements for the Year Ended 31 M*reh 2024 for The Asian Health Agency (A Company Limited by GM8rAntee) Grant Harrod Lerman Davis LLP Chartered Ac¢ounlants Stathtory Auditor5 1st Floor Healthaid House Marlborough Hill HaOW Middlesex HAI IUD
The Asian Health Agency Contents of the FiAaneial Statemenls for the year ended 31 March 2024 Page Report of the Trustees Report of the Independent Auditors 6 to 9 Statemellt of Financial Activities io Balance Sheet Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statements 14 to 20
The A$i&n H¢8lth Agenry Report of th¢ Trustees for the ye4T end¢d 31 Mgrch 2024 The trustees who are also directors of the charity for the purw)ses of the Companies Act 2006, present their rtport with the financial statements of the charity for the year ended 31 March 2024. The trustee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts ID accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Legg1 Stgtus The Charity is constituted as a company limited by guarantee. and therefore governed by the Memorandum and the Articles of Association. The liability of the Directors is limited to £1. Mi&sion Statement The mission statement of the Charity is to: Serve th¢ different but equ&l needs within our diverse communities. - Address the inequality and injustice within mainstream services and servkce providers. Maintain an anti-racist and anti-discriminatory position. - SEVA (serving the communitie5). Page I
The Asian Health Ageney Report of the Trustees for th¢ year ended 31 March 2024 OBJECTIVES AND ACTIVITIES SigDifieant activities The charity's Senior Management Team (SMT) led by the Chairperson and including ihe Director, Finance Officer and Senior Registered Car¢ Manager continued io meet regularly to implement strategie5 and actions to identify and overcome the ongoing challenges and to ensure organisational sustsinability including: Maintsining robust financial controls and systems including budget reviews and cashflow monitoring particularly within our Parvaaz Service, our largest income generating se1¢¢ - Staff employment and retention matters The charity continued lo makc efforts lo address and monitor thc perennial problem of outstanding historical payments well as late payments from Slough Borough Council and their adverse impact on the charity cashflow. During the year the charity Ivas receiving payments within a reasonable tirne frdme. However, in respect of the historical 'atTears'. the charity had no option but to 'write off a significant proportion of the money due to difficulties in tracking historical records and the PToblems within Slough Council. restructuring resulting in the Childrens SerYi¢¢s becoming an ind¢pendent Provider, changes in personnel and recrniting and difficulties in retrieving historical records and evidence. The charity continued its partnership with HKM Care Limited to develop a new 2¥hour 7 days a week respite care support service for children, adults and older people in Slough. During th¢ year the charity applied to register this L(ication in Taplow as a Service Localion along with an application to register a new Registered Manager for this lo¢ation with th¢ Care Quality Commission. The Charity experienced problems and delays in CQC processing our applications and a de¢ision on these two application5 was slill pending as at the end of the financial year. During the year the charity's Director worked 2 days per week. The charity kept under review the work of ils biggest income generating and flagship setvice, its Parvaaz service in Slough and mad¢ efforts to address the challenges particularly around tlle sustainability of providing free transport 5ervi¢e for people with disabililles as part of its caT¢ SUPPOrt packages. The charity 5uccessfiJlly made an application Io secure 8 work pennits to recruit care staff under the Governments Work Permii for Overseas workers scheme but Continued to experience problems with using the Govvs online portal and ¢0 date th¢ ¢harity has been unable to overcome the techniral problems with submitting all the documenls via the online portal to finalis¢ confirniations. The charity withdrew as a member of Project Advisory Group of Mael Gael. based in Southall and managing a volunteer run gardening project in Southall, due to a totsl change in Mael Gael's management structrjre and personnel managing this project. The charity supported the work of Communities4Change and its successful application from The Big Lottery Fund's Awards For All grants programme and will Continue to support its work through the charity's Ashra oifice in Southall. The charity continues to retain it5 aecreditation from Care Quality Commission (C.QC) for its registered Personal Care service5 for older people in Ealing and also continues its Parvaaz service as a CQC Registered Service for provision of Personal care service to childTen and young people in Slough. During the year the following 5ervices/ projects were managed directly by ihe Charity: Support4Carers EAling Provision of domiciliary and respite care and support for Asian carers and older people in London Borough of Ealing and partnership with a local consortium. Parvaaz: Children and Young People wilh Disabilities Provision of Personal care, short breaks and support services to enable people with disabilities and complex needs to maintsin and achieve independence and improve independent living skills in Slough, Berkshire Taplow Project 24-hour 7 day a week respite seiCe foT children and adults in Slough run in partnership with HKM Care Limited. This Service is not yet op¢rational and is awaiting CQC accreditation, Partnerships Tlie Charity continued to Work several organisations in Southall, including ConllDunities4Change and The Asian Women's Nehyork on issues and support to diverse con]munities. Page 2
The Asign Health Ag¢nry Report of the Trustees for the year ended 31 M8rch 2024 OBJECTIVES AND AcfiviTIES Public benefil The charity's Parvaaz project provides respite care, support groups and other activity to promote Independent living amongst young adults with disabilities and support for caTer5 and delive the charity'5 obj¢ctives to support people with disabililies and to promote healthy lifestyles and mental and physical wellness. The charity's partnership work particularly tsrgets isolated women and marginalised groups in Southall, contributes to its objectives to engaging rnarginalised individuals, promoting healthy lifestyles and improving mental and physical wellness. STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity is ¢ontrolled by its governing do¢wnent, a deed of trust, and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2006. Organi$8tional structure The Charity is managed by a Board of Trustees ref¢ed lo as th¢ Management Committ¢¢ (MC) which is ultimately The Trustees on the MC are elected annually at the Annual General Meeting of the Charity in ac¢ordan¢e with the Memorandurn and Articles of Association of the Charity which stipulates that at least one third of the longest serving members should retire annually. All decisions relating to the business of the Charlty are made at the meetings of the MC and are recorded. All Trustees receive an Induction al appointhient stage and members of the MC including Chairperson, Treasurer and Secretary and individual MC members have job des¢Tiptions ouilining their roles and responsibilities. The MC is responsible for deciding the membership of the Su¢0mMittee which consist of the members of the MC who Teport directly to the Management Committee. At the end of the financial year 2023-24. there were 5 Management Committee n)embers. During the year the Management Committee made efforts to recruil new members and these efforts will continue to be mad¢. The Trustees do not Te¢¢ive remuneration or derive any other personal benefits from the activities of the charity. The day to day business of the Charity is managed by Balrdj Purewal, its Director, who is supported by a part time Finance Administrator. The Charity organises a risk assessment outlining the key risks within its operations and business and asswiated measures to reduce those risks. which is reviewed regularly. The Charity's head office operates from the Dominion Cenlre, 112 The Green Southall from which its support4Carers Ealing project operates. Its Parvaaz project operates from The Annexe at Rotunda Youth and Community Centre, Northampton Road, Slough. Page 3
The Asi*n Healtb Agency Reptsrt of the Trustees ror the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Il is the policy of the Charity to maintain unrestricted funds at a sufficient level to maintain a positive cash bank balance at all times to ensure tlie prudent day to day finan¢ial management of the Charity. As for the rest of the restricted funds, the surpluses are held over for the subsequent use towards the projects designated for which the funds were origlnally sourced. The Charity has reviewed provisions for tUre redundancy costs. It was decided that the Unrestricted Fund a¢count would be used for the benefit of ihe Charity as follows: D18nated Funds Staff Redundan¢y Operational Fund 32,000 19.552 Total 51,552 Future Developments Th¢ charlty will be focused on registerlng its Taplow service as a IA)cation wilh the Care Quality Commission for the provision of Personal Car¢ with Acwmmodation along with registering a new Registered Manager for this new Servi¢e tsrgeted at ¢hildren and adults with disabilities, including children uith autism, which will be run in partnership with HKM Care Limited over ihe coming year. The chariry will conlinue to prioritize work on securing 8 work perniits and recruiting 8 new care staff under the Governments Work Pem]it s¢heme. The charity will be reviewing its existing respite Care service support packages and service model within its Parvaaz service in Slough and particularly review the provision of ¢entred based service and 5UStainability of provision of free transport to its service users. The Charity will be undertaking a review of the position of Director. The charity will Continue to 5UPPOrt Communities4Change and The Asian Women's Nelwork in their activities including around setting up a community-b&s¢d podcast in Southall. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Company number 02940649 (England and Wales) Registered Charity number 1042506 Regls¢ered office Dominion Centre 112 The Green Southall Middlesex UB2 4BQ Tnjstees A Gebmeskrel Consultant D L Gennan Finance Adminslrator Mrs K K Johal Assistant Director 0-19 Children's Servi Ms K Singh Community Development Officer M Solanki Youth Development Officer A Hussain li Consultsnt Page 4
The Asian Health Agency Report of the Trustees for the year ended 31 March 2024 REFERENCE Al ADMINISTRATIVE DETAILS Company Seeretsry B S Purewal Auditors Grant Harrod Lemwi Davis LLP Chartered Accouniants Statutory Auditors I st Floor Healthaid Hous¢ MarlbOrou Hill HaOW Middlesex HAI IUD STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustee6 (who are also the directors of The Asian Health Agency for the purposes of company law) are responsible for preparing the Report of the Twstees and the financTal statements in acwrdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢c4)ted A¢¢ounting Pra¢tice). Company law r¢quires the trstee8 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Gharitable company and of the incoming resources and application of resour¢¢s, including the income and expenditswe, of the charitsble company for that period. In preparing those financial statsments, the trustees are required to select suitable accounting policies and then apply them consiskntly. observe the methods and principles in the Charity SORP" make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charttable company will continue in business. The trustses a responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial positi¢)n ofthe charitsble ¢ompany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarditi£ the assets of the charitsble company and hence for laking reawnable steps for the prevention and detection of fraud and other IegularLtsC& In so far as th¢ trustee8 are aware: there is no relevant audit infonnation ofwhich the Charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that infomiation. AUDrfoRS The auditors. Grant Harrod Lemian Davis LLP, will be proposed for rfrappointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strat¢gi¢ reporL approved by order of the board of trustees, as the company directors, on......................................... ... and sigmed on the board's behalf by: B S Purewal. Secretary Page 5
Report tsf the Independent Auditors to the Members of The Asian Health Agen¢y Opinion We have audited the financial statements of The Asian Health Agency (the 'charitable company,) for ihe year ended 31 March 2024 whi¢h comprise the Staternenl of Financial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its iT]coming resources Imd application of resources. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companie5 Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fi]rther described in the Auditors, responsibilities for the audit of the financial statements section of our report. We aT¢ independent of the rharitable compkmy in accordance with the ethical requirements that are relevant to our audil of the financial ststements in ih¢ UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these r¢quirem¢nts. We believe that the audit evidenG¢ we have obtained is suifirient and appropriafr to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have conclud¢d that the trustees, use of the going concern basis of accounting in the preparation of ¢h¢ financial statements is appropriate. Based on the work we have performed, we hav¢ not identified any material uncertainties relating to events or conditions that, individually or collectively, may ¢ast significant doubt on the charitable company's ability to Continue as a going concern for a period of at least ttvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other infomiation comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not ¢oveT the other inforniation and. except to th¢ extenl otherwise expli¢itly stated in OUT report. we do not express any forn] of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other inforniation and. in doing so. consider whether the other inforniation is malerially iT]COllSiStent with the financial statements or our knowledge obtsined in the audit or otherHryse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial ststements themselves. If. based on the work we have perforni¢d. we conclude that there is a material misstatement of this other infonnation. we ar¢ required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Aet 2006 In our opinion. ba5¢d on the work undertaken in the course of the audit: the inf0mtIOn given in the Report of the Trustees for th¢ financial year for which the financial slatements are prepared is consistent with Ihe financial stat¢rnents- and Ihe Report of the Trustees has been prepared in accordance with applicable legal requirement5. Page 6
Report of the Independent Auditors to the Members of The Asian Hulth Agency Malters on which we are required to rert by eJ¢eption In the light of the knowledge and understanding of the charilable ¢ompany and its environment obtained in the course of the audil, we have not identified material mi5ststements in the Report of the Trustees. We have nothing to report in respect of the following matters wh¢T¢ th¢ Companies Act 2006 requires us to report to you "f, in our opinion: adequate a¢¢ounling records have not been kept or returns adequate for our audit have not been received from branches not Vl5it¢d by us,. or the financial ststements are not in agreement with the a¢UntIng records and returns. or certatn disclosures of tru5tees' remuneration specified by law are not made. or we have not received all the inforn]ation and explanations we require for our audit. Responsibilities of trustees As explained more fully in ihe Statement of Trustees. Responsibilities, the tnte¢S (who Are also the dir¢ctOTS of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal wntrol as the trustees det¢miine is necessary to enable the preparation of financial statemenls that are free from material misstatement, whether due to fraud or ermr. In Preparing the financial statements. the tswstees are responsible for assessing the Charitable company's ability lo continue as a going concern, disclosing. as applicable, matters related to gotng concern and using the going concern basi5 of accounting unless the trnstees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do so. Page 7
Report of the Independent Auditors to the Members of The Asian Health Agenry Our responsibilities for the audit of the financiv41 statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee ihat an audit conducted in acwrdance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered mp4terial if, individually or in the aggregate, they could reasonably be expected to influen¢e the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. To identify risk5 of material misstatement due to fraud ("fraud risks") we assessed events or conditions that could indicate an in¢entive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment pro¢edures in¢lud¢d: Enquiring of trustees and inspection of policy documentation as to the Charity's high-level policies aTtd procedures to prevent and deted fraud, as well as whether they have knowledge of any actual, suspethed or alleged fraud. - Reading Board minutes. - Using analytical procedures to identify any unusual or unexp¢cted relationships We Communicated identified fraud risks ihroughout ihe audi¢ team and remained alert to any indications of fraud throughout the audit. As required by auditing standard5, we perfom procedures to address the risk of manp¥gemevJt override of controls. in particular Ihe risk that management may be in a position to make inappn)priat¢ a¢counling entries. On this audit we do not believe there is a fraud risk related to revenue recognition because the Chariws revenue transactions are simple and low value with few. if any, judgmental aspects to revenue recognilion. W¢ are not aware of any incentives or pressures linked to revenue recognition. We did not identify any additional fraud risks. In d¢tennining the audit pro¢edures, we took into account the results of our evaluation and testing of the operating effectiveness of fraud risk management controls. We also perforn]ed procedures including identifying journal entries and other adjustments to test based on risk ¢riteria and comparing the identified entries to 5UPPOrting documentation. These included those posted to unusual accounts. Identifying and responding lo rlsks of material misstatement due to non-compliance with laws and regulations. W¢ identified areas of laws and regulations that could reasonably be expected to have a material effect on ihe financial statements from our generdl commercial and sector experience, and through discussion with the dtreclors and other management {as required by auditing standards), and discussed with the directors and other management th¢ policie5 and priKedures regarding compliance with laws and regulations. We communicated id¢ntified laws and regulations throughoul our team and remained alert to any indicalions of non-compliance throughout the audit. Conlext of the ability of the audit to detect fraud or breaches of law or regulation. Owing to the inherent limitations of an audil. there is an unavoidable risk that we may not have dete¢ted some material misstatements in the financial statements, even though we have properly planned and perfornled our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial stalements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition. as with any audit, there remainea a higher risk of non-detection of fraud, as these may involve collusion, forgery, int¢ntional omissions, misrepresentalions, or the oveThide of internal controls. Our audit PTo¢¢dures ar¢ designed to dete¢t material misslatement. We are not responsible for preventing non-compliance or fraud and cannot b¢ expected to detect non-compliance with all laws and regulations. Page 8
Report of the Independent Auditors to the Member5 of The Asian Health Agency A thrther description of our responsibilitles for the audit of the financial statements is located on the Financial Reporting Council's web51te at ww.frc.org.uWauditorsT¢sponsibilities. This description fomis part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's memb¢rs those matters we are required to state to them in an auditors, report and for no other purpos¢. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable Company and the haritable company's members as a body, for our audit WOTk, for this report, or for the opinions we have fornled. Jeremy Harrod FCCA (Senior Statutory Auditor) for and on behalf of Grant Harrod Lernian Davis LLP Charlered Accountant5 Statutory Auditors 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD Date: i* Page 9
The A5i4n H¢4lth Agency Statement of Financial Activities for the year ended 31 March 2024 2024 Totsl funds 2023 Total funds Unrestricted nd Restrioted funds Notes INCOME AND ENDOWMENTS FROM Charitable a¢tivities Charitabl¢ 1,074 589,111 590,185 647,403 EXPENDITURE ON Charitable activities Charitable 47,032 589,111 636,143 720.317 Other 8,462 8.462 9.718 Total 55,494 589,111 644.605 730.035 NET IIYCOMEI{EXPENDrruRE) (54.420} (54,420) (82,632) RECONCILIATION OF FUNDS Total funds brought fon¥ard 105,972 105,972 188,604 TOTAL FUNDS CARRIED FORWARD 51,552 51,552 105.972 The notes forni part of these financial statements Page 10
The Asian Health Agen¢y Balance Sheet 31 March 2024 2024 Total funds 2023 Totsl funds Unrestricted fund Restrtct¢d funds Notes FIXED ASSETS Tangible assets 15.008 15,008 23,470 CURRENT ASSETS D¢btors Cash at bank io 60.443 35,815 60,443 35,815 95.887 41384 96,258 96.258 138.271 CREDITORS Amounts faIltng due wrythin one year (59.714) (59,714) (55.769) NET CURREiYf ASSETS 36,544 36,544 82,502 TOTAL ASSETS LESS CURRENT LIABILITILS 51.552 51,552 105,972 NET ASSETS 51.552 51.552 105.972 FUNDS Unstrided fund8 12 51.552 105,972 TOTAL FUNDS 51.552 105,972 The finan¢ial statements were approved by the Board of Trust¢es and authorised for issue . and were signed on its behalf by: on K K Johal - Trustee The notes forni part of these fuwicial ststem¢nts Pagell
The A$i4n Heglth Agency C4$h Flow Statement for the year ended 31 March 2024 2024 2023 Notes Cash flows from operating attivities Cash generated from operations (6.569) (54,689) Net cash used in operating activities (6,569) (54,689) Cash flow5 from investing activities Sale of tangible fixed assets 339 Net cash provided by invesling activities 339 Change in cash and CAsh equivalent$ in the reporting period Cash and cash equivalenls at the beginDing of the reporting period (6.569) (54,350) 42,384 96,734 Cash and cash equivalents at the end of tbe reporting period 35,815 42,384 The notes fomi part of these financial statements Page 12
The Asian Health Agency Notes to the CAsh Flow Ststem¢nt for the year ended JI March 2024 RECONCILIA TION OF NET EXPENDrruRE TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 2024 2023 Net expenditure for the reporting period (as per the S¢*tement of Financial Activities) Adjustment$ for: Depreciation charges De¢rease in debtor5 Increase in creditors {54,420) (82,632) 8,462 35,444 3,945 9,718 16.726 1,499 Net eash used in operation5 (6,569) (54.689) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net Cash Cash at bank 42,384 (6,569) 35,815 42,384 (6,569) 35,815 Tot#1 42.384 (6,569) 35,815 The notes forni part of these financial statements Page 13
Th¢ Asian Health Agency Notes to the FinaDci#I Statements for the year ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the finan¢ial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting aT]d Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective l January 2019),. FinanciMI Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once ihe charity has entitlement lo the funds. it is probable that the income will be r¢¢eived and the amount ¢an be measured reliably. Expenditure Liabilities are recognised as ¢xpenditUTe as soon as there is a legal or constructive obligation Committing the harity to i11 expenditure, it is probable that a transfrr of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relat¢d to the category. Where ¢osts cannot be directly attributed to particular headings they have been allocated to activities on a basis consi5tenl with the use of resources. Tangible fixed assets Depreciation is provided at the folloiving annual rates in order to wrile off each Se1 over its estimated usefi]I life. Fixtures and fittings Motor vehicles Straight line over 3 years 25 % on reducing balance Taxation Th¢ charity is exempt from corporation tax on its charitable artivities. Fund accounting Unrestricted funds can be used An accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrirtions arise when specified by the donor or when fimds are raised for particular r¢stricted purposes. Further explanation of the natur¢ and purpose of ea¢h fund is included in the notes to the financial statements, Pension costs and other post-retirement benefits The charitable company operates a defined contribulion pension scheme. Contributions payable to the charitable companls pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 14 ¢ontinued...
The Asian Health Agency Not¢s to the Financial Slatements- continued ror the year ended 31 lllarch 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 ActiTrryty Charitable Grants 590.185 647,403 Grants received. included in the above, are as follows: 2024 2023 IA)ndon Borough of Ealing Oieferred clients) Dementia Concern Slough Borough Council (Children Services) Slough Borough Council (CTPLD Adult Services) London Borough of Ealing (DP} Slough Borough Council (DP) Mael Gael 8,456 13,907 232,763 319,485 9,964 27.813 222,529 339,485 14.200 14.500 32,425 589,111 646,416 CHARrrABLE ACTivrrIES COSTS Support cost5 (see note 4) Direct Costs Totals Charilabl¢ 631,143 5.000 636.143 SUPPORT COSTS Governance Costs Charitable 5,000 NET INCOMEI(EXPENDITURE) Net in¢ornel(expenditur¢) is statsd after chargingl(crediling)- 2024 2023 Auditors, remuneration Depreciation - owned assets 5,000 8.462 5,000 9.718 Page IS ontinued..
The Asi*D Health Agency Notes to th¢ Financial Statements - continued for the yegr ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There w¢re no tru5tees' remuneration or other benefits for the year ¢nded 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the yeaT ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security ¢osIs Other pension costs 518.349 519.037 35,649 6,924 518,349 561,610 The average monthly number of employees during the year was as follows: 2024 34 2023 34 Direct staff No employees received emoluments in excess of £60.0¢10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fi]nd Restricted funds Total nds INCOME AND ENDOWMENTS FROM Charitable activities Charitable 987 646,416 647,403 EXPELYDITURE ON Charitable gctivities Charitable 36,781 683.536 720,317 Other 9,718 9,718 Total 46,499 683,536 730,035 NET INCOMEI(EXPENDITURE) Transfers between funds (45.512) (26,183) (37.120) 26,183 (82,632) Net movement in funds (71,695) (10,937) (82,632) RECONCILTATION OF FUNDS Total Funds brought forward 177,667 10.937 188,604 TOTAL FUNDS CARIUED FORWARD 105,972 105,972 Page 16 ontinued...
The Asian Health Agency Notes to the Financial Statements- continued for the year ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures Motor vehi¢les fittings Totals COST At l April 202) and 31 March 2024 56,095 33,640 89,735 DEPRECIATION At l April 2023 Charge for year 46,343 5,032 19,922 3,430 66,265 8,462 At 31 March 2024 51,375 23.352 74,727 NET BOOK VALUE At 31 March 2024 4,720 10.288 15,008 At 31 March 2023 9,752 13,718 23,470 io. DEBTORS: AMOUKfS FALLING DUE IVITHIN ONE YEAR 2024 2023 Trade debtors 60,443 95,887 CREDITORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 2024 2023 Trade creditors Social security and other taxe5 Other creditors Accruals and deferred income 6,500 5,963 13,451 33,800 15,251 1,525 24.493 14,500 59,714 55,769 12. MOVEMEiYf JN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricled fuDds G¢neral fund 105.972 (54,420) 51,552 TOTAL FUNDS 105,972 (54,420) 51,552 Page 17 continued...
The Asian Health Agency Notes to the Financial Stalements- continued for the year ended 31 Mgrch 2024 12. MOVEMEKf IN FUNDS- Continued Net movemenl in fjjnds, included in the above are a5 follows- Incoming resources Resources expended Movement in funds Unrestricted fmnds General fund 1,074 {55,494) (54,420) Rtricted funds Parvaaz DP Ealing Consortium Parvaaz Block 333,985 22,363 232,763 (333.985) (22,363) (232.763) 589.111 (589,111) TOTAL FUNDS 590.185 (644,605) (54,420) Comparatives for movemenl in funds Net movement in thds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds GeneTal fund 177,667 (45.512) (26,183) 105,972 RestrACted funds Parvaaz DP yOh Investment Fund Other Inwming resources Ealing Consortium Parvaaz Block Parvaaz Spol Taplow Ma¢1 Gael 222,261 (9,739) (222,261) 9.739 (10.937) (2.917) 38,899 191,153 23.788 (1,281) 10.937 2.917 {38,899) (J91,153) (23.788) 1,281 10,937 (37,120) 26,183 TOTAL FUNDS 188.604 (82,632) 105,972 Page 18 continued...
The Asign He4lth Agency Notes to tbe Financial Statements- continued for the year ended 31 March 2024 12. MOVEMEIYT IN FUNDS - eontinued Comparative net movement in funds, included in the abov¢ are as follow5- Incoming resources Resources ¢xpended Movement in funds Unrestricted funds General fund 987 (46.499) (45,512) Restricted funds Parvaaz DP Youth Investment Fund Ealing Consortium Parvaaz Block Parvaaz Spot Taplow Macl Gae 339,485 (117.224) (9,739) (49,060) (261,428) (191,153) {23,788} (31,144) 222,261 (9.739} 2,917 (38.899) (191.153) (23,788) 1,281 51,977 222,529 32.425 646.416 (683.536) (37,120) TOTAL FUNDS 647.403 (730.035) {82,632) A current year 12 months and prior year12 months combined position is as follow5.. Net movement in funds Transfers betsveen fvnds At 31.3.24 At 1.4.22 Unrestricted funds General fund 177.667 (99.932) (26,183) 51,552 Restricted funds Parvaaz DP Youth Investment Fund Other Incoming resouTces Ealing Consortium Parvaaz Block Parvaaz Spot Taplow Macl Gael 222,261 {9,739) (222,261) 9,739 (10,937) (2,917) 38,899 191,153 23.788 (1,281) 10,937 2.917 (38,899) (191,153) (23.788) 1.281 10.937 (37,120) 26,183 TOTAL FUNDS 188,604 (137.052) 51,552 Page 19 continued...
The Asian Health Agency Notes to the Fillgneial Statements- continued for the )'ear ended 31 March 2024 12. MOVEMENT IN FUNDS- ¢ontinued A current year 12 months and prior year 12 months combined net movement in nds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 2,061 {101.993} {99,932} RrIcted hnds PaNaaz DP Youth Investment Fund Ealing Consortium Parvaaz Block Parvaaz Spot Taplow Mael Gael 673.470 {451,209) (9,739) (71,423) (494,191) {191,153) (23,788) (31,144) 222,261 (9,739) 2,917 (38,899) {191,153) {23,788} 1,281 74,340 455,292 32.425 1,235,527 (1.272.647) {37,120} TOTAL FUNDS 1,237,588 (1,374,640) (137.052} 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 14. LIABILITY OF MEMBERS The charity is Conslituted as a company limited by guarantee. In the event of the charity being wound up members are required to contribute an amount not exceeding £1. 15. APB ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the fmancial stat¢m¢nts. Page 20