2025-03-31-accounts

Charity Registration No. 1046057

OXFORD ASIAN CULTURAL ASSOCIATION TRUSTEES’ REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

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OXFORD ASIAN CULTURAL ASSOCIATION

CONTENTS

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Trustees’ Report	1-2
Independent Examiner’s Report	3
Statement of Financia! Activities	4
Balance Sheet	5
Notestotheaccounts	6-7	°

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OXFORD ASIAN CULTURAL ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr M Altaf-Khan - Chairman

Mrs Anjum Ahmed - Secretary

Mr Zaheer Qureshi - Treasurer

Mr Masood Ahmed Mr Manavar Anwar

Mrs Farzana Aziz

Mr Mirza Maqbool Hussain

Imam Monawar Hussain DL MBE

Mr M Jawaid Malik

Mr Mohammed Mumtaz Khan

Mr Khalid Sharif Dr Mrs Fozia Tenvir Mr Nawaz Khan Mr Shamiel Hasan Ms Mariam Ahmed .

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Charity Number 1046057

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OXFORD ASIAN CULTURAL ASSOCIATION

TRUSTEES’ REPORT :

FOR THE YEAR ENDED 31 MARCH 2025 : The trustees’ present their report and accounts for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and the Statement of Recommended Practice (FRS 102). 4

Structure, governance and management

The charity was established by a charitable trust deed on 21 August 1994 as amended on 15 December 2002.

The trustees’ who served during the year were:

Mr M Jawaid Malik - Chairman (Resigned 22 December 2024) Mr M Altaf-Khan — Chairman (Elected 22 December 2024) Mr M Arif Khan - Vice Chairman (Resigned 22 December 2024) ° Mrs Anjum Ahmed - Secretary (Re-elected 22 December 2024) Mr Zaheer Qureshi — Treasurer (Re-elected 22 December 2024) Mr Masood Ahmed Mr Manavar Anwar Mrs Farzana Aziz Mr Mirza Maqbool Hussain Imam Monawar Hussain DL MBE ; Mr Mohammed Mumtaz Khan Mr Khalid Sharif Dr Mrs Fozia Tenvir Mr Nawaz Khan Mr Shamiel Hasan Ms Mariam Ahmed

Under clauses 6 and 7 of the Association’s constitution, four officers are elected at alternate AGMs while some trustees are appointed by their respective community organisations who are affiliated to the Association. Others are co-opted from various walks of life having special skills and interests.

The trustees are responsible for developing the strategic direction of the charity and monitoring performance against the strategies developed. The charity’s employees are responsible for delivering those strategies.

The trustees have assessed the major risks to which the entity is exposed and confirm that systems have been established to enable regular reports to be produced in order that the necessary steps can be taken to mitigate such risks.

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OXFORD ASIAN CULTURAL ASSOCIATION

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities The charity’s objects are

• e to promote the benefits of the inhabitants of the City of Oxford, particularly the Asian community, by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and promote cultural and social understanding.

• e to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of the said inhabitants.

• eto establish the Asian Cultural Centre and to maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of the centre, for activities promoted by the association and its constituent bodies in furtherance of the above objectives.

The charity’s major activity and source of unrestricted revenue is the hire of the centre. The trustees have paid.due regard to guidance issued by the Charity Commission in deciding what activates the charity should undertake.

Achievements and performance

During the year, the Centre has been steadily progressing to realise its potential following recent troubled times. The post-Covid landscape has thrown unique and unfamiliar challenges for the voluntary sector and the Centre is not immune from these, However, the hiring income, as well as the activities and services of the Centre, have been improving steadily. Low Traffic Neighbourhoods (LTNs) have continued to hinder further developments as some groups find it hard to visit the Centre ona regular basis.

Financial review The results for the year are shown on the Statement of Financial Activities.

• The members of the association have established a policy whereby: The unrestricted funds not committed or invested in tangible fixed assets, the free reserves shall be applied to further the objects of the association and for no other purpose, and the management committee shall use its best endeavours to ensure that sufficient funds are available to the association before sanctioning transactions involving expenditure.

Assessment of need and risk and forecast of future income levels reinforce this policy. The levels of reserves are monitored on a regular basis. At present free reserves amount to £16,000.

On behalf of the board of trustees

Mr Zaheer Qureshi — Treasurer

Date: 22 December 2025

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OXFORD ASIAN CULTURAL ASSOCIATION

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF OXFORD ASIAN CULTURAL ASSOCIATION

| report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 4to7.

Respective responsibilities of trustees and examiner

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The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

• {i) examine the accounts under section 145 of the Charities Act, (ii) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(b) of the Charities Act, and

• (iii) to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

independent examiner’s statement

In connection with my examination, no matter has come to my attention:

• (a) which gives me reasonable cause to believe that in, any material respect, the requirements:

• (i) to keep accounting records in accordance with section 130 of the Charities Act 2011; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011; have not been met; or

• (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Mr Hamdan Niaz Abbasi FCCA

HNA Accountants Ltd Sandford Gate

East Point Business Park Oxford OX4 6LB

Date: 22 December 2025

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||||||||| |---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Notes|funds|funds|2025|2024| |:|£|£|£|£| |Incoming|resources| |Donations,|subscriptions|and|fundraising|-|944|944|80| |Investment|income|3|-|1,175|1,175|1,103| |Grants|received|-|-|-|-| |Hire|of Asian|Cultural|Centre|-|27,630|27,630|24,624| |Project income|-|-|-|322|-| |Total incoming resources|-|29,749|29,749|26,129| |Costs|of generating funds| |Fundraising|activities|4|-|80|80|21| |Charitable|activities|5|-|26,597|26,597|27,540| |Governance|costs|6|-|500|500|450| |Resources expended|-|27,177|27,177|28,010| |Transfers|between|funds|-|-|-|-| |Net incoming/ (outgoing)|resources|-|2,572|2,572|(1,881)| |Funds brought forward|-|90,663|90,663|92,544| |Movement|between|funds|-|-|-|-| |Funds|carried forward|-|93,235|93,235|90,663|

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OXFORD ASIAN CULTURAL ASSOCIATION BALANCE SHEET ‘ FOR THE YEAR ENDED 31 MARCH 2025

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OXFORD ASIAN CULTURAL ASSOCIATIONASIAN CULTURAL ASSOCIATIONCULTURAL ASSOCIATIONASSOCIATION BALANCE SHEETSHEET ‘ FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2025MARCH 20252025	OXFORD ASIAN CULTURAL ASSOCIATIONASIAN CULTURAL ASSOCIATIONCULTURAL ASSOCIATIONASSOCIATION BALANCE SHEETSHEET ‘ FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2025MARCH 20252025	OXFORD ASIAN CULTURAL ASSOCIATIONASIAN CULTURAL ASSOCIATIONCULTURAL ASSOCIATIONASSOCIATION BALANCE SHEETSHEET ‘ FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2025MARCH 20252025	OXFORD ASIAN CULTURAL ASSOCIATIONASIAN CULTURAL ASSOCIATIONCULTURAL ASSOCIATIONASSOCIATION BALANCE SHEETSHEET ‘ FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2025MARCH 20252025	OXFORD ASIAN CULTURAL ASSOCIATIONASIAN CULTURAL ASSOCIATIONCULTURAL ASSOCIATIONASSOCIATION BALANCE SHEETSHEET ‘ FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2025MARCH 20252025
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			2025	2024
	Notes	£	£ £	£
Fixed assets
Tangible assets	7		2,736	3,702
Current assets
Cash at bank and in hand		91,170 $6,961
Net current assets			91,170	86,961
Accruals			(671)	-
Total assets lesscurrent liabilities			93,235	90,663
income funds			;
_Restricted funds			-	-
Unrestricted funds			93,235	90,663
:			93,235	90,663

The accounts were approved by the Trustees on 22 December 2025

Mr M Altaf Khan Chairman

Mr Zaheer Qureshi Treasurer

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OXFORD ASIAN CULTURAL ASSOCIATION NOTESTOTHEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 nr

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1.1 Basis of preparation
The accounts have been prepared under the payments and receipts method.
The accounts 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 July 2014
and the Charities Act 2011.
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1.2 Incoming resources
1.2.1 Income is inctuded in the Statement of Financial Activities (SOFA) when it is received,
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• 1.2.2. The hiring income was severely affected as the Centre was closed throughout the year due to the Covid-19 pandemic.

• 1.2.3 The grants include £9,800 from Oxford City Council. The rest of the grant was from HMRC to support staff wages on the furlough scheme.

• 1.3. Resources expended Governance costs include the preparation and examination of statutory accounts, the costs of trustees meetings and any legal advice to trustees on governance or constitutional matters.

• 1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful economic life, as follows:

• Equipment 25% reducing balance Fixtures & fittings 20% reducing balance

• 1.5 Unrestricted funds These are funds which can be used in accordance with the charitable objects at the discretion of trustees.

• 1.6 Restricted funds These are funds that can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

1.7. Taxation

• The Oxford Asian Cultural Association is a charitable institution with exemption from UK taxation.

• 2 Trustees None of the trustees (or any persons connected with them) received any remuneration during the year.

• 3 Investment income

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2025 2024
£ £
interest Receivable 1,175 1,103
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4	Fundraising Activities	a	==	Restricted	Unrestricted	Total	2024
	Printing, Postage and	Stationary		-	80	80	21
				-	80	80	21

5 Charitable Activities

Charitable Activities
	Restricted	Unrestricted	Total	2024
Staffcosts	-	11,286	11,286	10,145
insurance	-	671	671	661
Repairs and renewals	-	4,320	4,320	1,635
Telephone	-	690	690	687
Heat& light	-	5,666	5,666	10,466
Water rates	-	1,843	1,843	1,759
General rates	-	222	222	208
Depreciation Projects costs	- -	966 934	966 934	§=©1,079 900
	-	26,597	26,597	27,540

6 Governance Cost

Governance Cost
	Restricted	Unrestricted	Total	2024
Legal and professional costs	-	500	500	450
	~	500	500	450_
Tangible Fixed Assets
	Equipment	Fixtures&	Total
		fittings
Cost
At 1 Apri! 2024	36,025	22,178	58,203
Additions	-	-	-
Disposals At 31 March 2025	- 36,025	- 22,178	- 58,203
Depreciation At 1April 2024	32,643	21,858	54,501
Eliminated on disposals	-	-	-
Charge fortheyear	902	64	966
At 31 March 2025	33,545	21,922	55,467
Net bookvalue At 31 March 2025	2,480	256	2,736
At31March2024	3,382	320	3,702

7 Tangible Fixed Assets

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