Charity registration number 1059353 Company r•gistration numhr 3279108 (England and Wal•s) APNA GHAR 1995 LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
APNA GHAR 1995 LIMITED LEGALAND ADMINISTRATIVE INFORMATION TrusteeslDlrector3 Mr M I Saddal Mrs T Pattni Mr K Singh Mr R Jessop {Appoint8d 1 February 2024) Secratary Mr M I Sadd81 Charlty number 1059353 Company number 3279108 Prlnclpal address 21122 Clev8don Road Balsall Healh Birmingham B12 9HD R•g18tornd offlce Old B8nk Chambers 582-586 Klngsbury Road Erdlngton Bimingham West Midlands B24 9ND Audllor LMH Accountsnts LlmFied TIA Trevor Jones & Co Old Bank Chambers 582-588 Kingsbury Road Erdington 8iTmingham B24 9ND
APNA GHAR 1995 LIMITED CONTENTS Pagg Trustees report Statement of trustees responsibilities Independent auditorfs report Statement of financlal actEvltles 9-10 Balance she8t 11 Notés to the financial statements 12-23
APNA GHAR 1995 LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The TruSteaDIreCtOrS present their annual reFK>t and financial ststem8nts for the year 8nd8d 31 March 2024. The accounts have been prepared in accordance with the accounting Fdicies set out in note 1 to the accounts and comply with the charity's Memorandum and AJ11d8s of Association, applicable law and both the Companies Act 2006, the Stalement Of Recommended Practi and new public benefft reporting requir8ments. ObJe¢tlve8 and actlvttles The charity was incorporat8d on 15 Nov8mber 1996 (No. 3279108) arrfl is reglstered In England. The company obtained registered charity status on 21 November 1996 (No. 1059353). The principal trading address is 21-22 Clevedon Road, 88lsall Heath, Bimiingham. B12 9HD. Apn8 Ghar (meaning our hous8), was inltially set up to meet the physical, cultural and psychologlc41 needs of south Asian Elders. Apna Ghar is a day centr8 providlng day care for south Asian men and women who ar8 physically disabled and frail.11 offers a high standard of speciallsed Care. comfort and support, with its main objectlves belng to provid8 a bright and attractive environment. to devise a support plan In conjunclion with the individual attendee lo meet assessed needs, lo provide a variety of activltles within the centre and the community taking into account Individual pref8ren¢es, to monitor the effectiv8n8ss of activities by consultstion wlth 8tt8ndees and siaff and to 8nLx>urage attendees to be Involv8d in the running ol their services. Apn8 Ghar is a multl-failh centrè providing day care to the 8lderfy, disabled. critical and vulnerable peopl8 from the community. The Centre was initially established by hirlng premises on Clrfton Road in Balsall Heath and was run by volunteers. Later the Local Authority stsrted providing financial assistance to meet part of the running expenses. Due to financlal restralnts imposed by the local authority fundlng has been substanttally rèduced over the years. The Management of the centre has been required to find alt8mative methods of 98nerating income in order for the charfty to continue. Future fundSng Is uncertain glven both Govemment and Local Authority cuts, tharitles In this sector were tdd that they should be self funding as soon as possible and so Apna Ghar have been explorlng ways of dev81oping addltlonal Income streams. we are now selllng food to individuals and organlsations at minlmaS profit. Followlng demographlc changes in soclety the Centre Is now mulli faith and there is no discrimlnalon on racial. cultural or gender grounds. People With no religious beliefs a also welcomed. We offer a speciallsed range of servlc88 to support and encourage peopl8 of faiths and cullure to mingle and integrat8 Wlth each other. This will encourage harmony behveen different faiths, cultures and genders. On numerous occasions the centre has been praised for our outreach projects. We tailor Ihe requirements to the indivbdual's ability and our staff are multilingual and so Can converse in various south Asian languages. Apna Ghar provides outstanding ffals using freshly prepared ingredients whlch enable us to provide halal non vegetsrian. vegetarian and any special requlrements. The cll8nts are encouraged to converse with each other, share thelr experfences and nostslgia. Thls assists to alleviate loneliness of the users who live on thelr own. The users are also encouraged to take part in various activities, Includlng physical activities. The Cont is a prevention entity and Involvement in physical activities does not only sustsln their mobility but also assists in improving their h8alth.ln collaboration wlth other Organisations, the Centre has inlroduced sitting Yoga and group dancing for the dients. We have also started a meal delivery service to people who are nol our ¢llents. Tho majorfty of our dients are critical and vulnerable and are referred to us by Blmiingham Social Service Department or by other local authorilS8s such as Solihull. There are other dients who are privatg Citizens and they come to the C9ntre on a walk in basis. Dovelopmont The Centre is und8r an obligation to provld8 qualty s8Nice and facilities. For Ihis purpose y are sffivlng to develop the Organlsatlon, and we propose to ¢Ary out following plans subject to availability of funds..
APNA GHAR 1995 LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Str8tegi8s for achi&w'ng aims and obi8div8S We ¢onllnued to provide outreach servlce to US8rs who cannot attd th8 centre. to them to alleviate thoir loneliness. We are also striving to sell freshly cooked meals and savoury snacks to tsIde organlsations and parsons. Public ben6fft The TrusteesiDirectors have paid due regard to guidance issued by the Charlty Commisslon in deciding what activlties the charity should undertake. Actlvtties The centra will continue to strive to rehabilitate the Asian elders and to d8v8lop their well being, alleviate loneliness and sarve as a prevantion centre. The c8ntre will continue to improve the 8nvironment for its Service user8 by renovating and further developing th8 large facility that the centr8 occupies. 11 will continue to develop the communFtses around it so that the image of care yrk is improved. and to continue to train care workers in order to provide th8 correct care requirements for Its us8r5. Achlov•ments and parfonnanco Signlficant activlties and achievem8nts ag81nst objectives The charlty has worked hard to maintsln rental income from the East Wing unlts to ensure a signlficant fundlng source other than the coundl. Efforts have been made to revTrew overheads and improve collectlon of fund$. Flnanclal revlow The Charity obtain8 the malorfty of its funding from Local Authorities. in parttcular Bimingham City Council. In the year to 31 March 2024 funding has b8en the same as during the last financial year, Altemative funding streams ar8 being sort. The Trustees have worked hard to rnainlain expenditure at a level similar to 2022, whith given th8 Currenl climate ha8 been a great achievement. As the costs associated wilh maintaining and operating the centre are likely to incr8a88 the Trustees made the decision to transfer £200.000 from unrestricted funds to restricted in order to show their commitment to maintaining seNic88. D8spite th8 careful management of funds the charity has seen 8 deficit for the year of £42,000. compared to surplus last y88r of £4,700. The deficlt can be attribuied to a reductk)n in grant from Local Authority. 9radual reduction in number of clients following the pandemic, building work and adjustment of staff salaries. At the time of writing Ihis rep)rt Bim)ingham City Council are In financial crisls. and futur8 funding wlll probably be more critically reviewed. The Govemment were in the process of appointing commisslon8r to overse8 the city ¢oun¢il's affairs. Fortunately. due to the careful management of the Trust888 there are reserves avallable to continue the serilc88 offered. D8SPit8 the financial problems, the centre has managed to provide servi8 to its users. Our main objective remains to allev18te loneliness for cAtizens Ilvlng on their own in the community. This can onty be achieved by selling our services 8nd re¢elving funds from various sources. We are also planning to expand our rAtering business. Leafletsl Flyers about our day care service. catering and hiring facilities heve beèn distributed to varlous Ofganisations including religious places. We have also started meal delNery service. We encourag8 people of different fatths and cultures to integrate Wlth •ach other. This encourages people of various faiths and cultures to live in hamony and nol to discriminate against each other. Reserves policy It is the poli¢y of the charity that unrèstricted funds which hav8 not been designated for a specific use should b8 maintained at a level equivalent to b6hveen three and six month's expenditure. The TrusteeslDireclors consider that reserves at this level will ensure that, in the event of a significant drop in fvnding, they will be able to continue the charity's current activities while wnsideration is given to vMys in whith additional funds may bè raised. This18v81 of r8S6rves has been maintalned throughout th8 year . with further expenditure anticipated on th8 improvement and renovatiC>n of the premises.
APNA GHAR 1995 LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Major risks The direclors have assessed the major risks lo which Ihe charity is exF¥)sed, and are satisfied that systems are In place to mitigate exposure to Ihe major risks. The directors conducl an annual revlew of the risks the tharfty may face and implement procedures designed to minimis8 any potenll81 impact on the charity should those risks materlalis8. Structurn, gov•man¢e and management The charity Is a company limited by guarantee and does not have a share capital. the extent of the liabilty of each member on a wlnding up is limFt8d to £1. The oblects are to relieve the elderly, primarily those of Aslan and other origin or descent living in the Biryningham area, by the provislon of a Day Care Centre. Also the advancement of education of carer5 and to provide training to individuals and organisations who are al the point of delNering r2r8 to Asian elderty people.The Centre welcomes clienls from other races and all usefs are treated equally irrespective of race, colour, religion and gender. Designated funds comprise unrestricted funds Ihat have been set aside by the trustees for particular purposes. The aim of each fund is set out in the notes lo the financial ststements. Restri0 fvnds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. The cost ol ralsing and administering such funds are charged against the speafic fund. Birmingham City Council require that under the condrtions the Day Car8 Centre Grant advanced from the City should be treated as a restricted fund. Monio Vlrdee was the centre manager and is in charge of thé day to day activities of the day centre. The TwsleeslDirectOfS, some of whom are directors who served during the year were: Mr M I Saddal Mrs T Pattni Mr K Singh Mr R Jessop (Appointed 1 February 2024) Re¢ruitment and appointmenl of Irustees As slated in the conslitulion of Apna Ghar (1995) Limtted ther8 will be b8tsY88n 4 to 10 trustees, from whlch the ¢onsullation committ88 will appoint 4 as m6mbers of the management committee. New trustees undergo an 0rf8ntation day to brief them In their legal obligallons under Charity and company law, the ¢onlent of the Memorandum and Artides of Association, the committee and decision maklng processes, th8 business plan and r8C8nt financial p6rfomiance of the charity, during the Induction day they meet key employees and other trustees. Trustees are encouraged to attend approprfate 6Xtem81 training events where th8S6 will facllitat8 the undertaking of Iheir role. Organisational structure The charity is a single organisation. Th8 truslees have considered the most appropriate policy for investing funds and have found the Business Resery8 account meets their requirements to generate income and yet still have ready acc8SS to fvnds. Audltor A resolution proposlng Ihat LMH Accountants Lirnited Tla Trevor Jones & Co be reappointed as auditors of the centre will be put to Ihe members.
APNA GHAR 1995 LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Disclosure of inforniation to audrtor Each of the Tntee5ID1TcI¢YS has confiryned that there is no infomation of which they are awa which is relevant to Ihe audit. but of which the auditor is unawar8. They have fvrther ¢onfifmed that they have taken appropriate steps to identify such relevant information and to 8stsblish that the auditor is aware of such infomiation. The truslees report was approved by ihe Board of TrusteeslDireGtors. Mr M I Sadd81 Dlrector Date,.
APNA GHAR 1995 LIMITED STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The TrusteeslDirectors, who are also the directors of Apna Ghar 1995 Limited lor the purpose of company law, are responsib18 for preparing the Trusle@s Report and the financial statom6nts in accordan with applicable 18w and United Kingdom Accounting Standards (United 'ngdoM Generally Accepted Accounting Practice). Company Law requlres the TrusteeslDlreclors to pr8P8re financial statements for &ach financial ygar whlch give true and fair vlew of the stste of affairs of the charity and of Iha incoming f8sour¢e8 and applicatlon of r&source3. including th8 income and expenditure, of Ihe charitable company for Ihat y8ar. In pr8parlng these financial ststemenls, the TnJstee8lDlr6ctors are r8quir8d to: select sultsble accountlng pollcies and then apply them con81st8ntly; - observe the m6thods and prlnclples In Ihe Charill8s SORP., - mek8 judgements end estimat83 that afe reasonable and prudent,, stste whether appllcable UK Accountlng Standards h8V8 boen followed, subject to any matarial departur88 disclosed and exp18ined In the flnancial ststements: and pr8P8re the flnancial statements on Ihe going concern basls unless It Is Inappropriat8 to presume that the charlty wlll contlnu8 In opar811on. Thg TrtssteeslDlractors are responsSblé for keeping adequate accountlng records that dlsd0s8 Wlth reasonabla accuracy at any tlm8 the flnanclal posltlon of the ch8rlty and en8ble them to ensure that the financial statements comply with the Companies Act 2006. They ore also responslble for safeguarding the assets of the charlly and hence for taklng raasonab5e steps for the pr8vention and dete¢tlon of fraud and other IagularItIes,
APNA GHAR 1995 LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF APNA GHAR 1995 UMITED Oplnion W6 have audited the financial statements of Aa Ghar 1995 Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of finanaal activities, the balance sh8et and notes to the financial staiem8nts, including significant accounting policies. The financÉal reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. induding Financial Reporting Standard 102 The Financial Reporting Standany applicable in tho UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statem8nts: give a true and fair view of the state of the charitable companls affairs as at 31 March 2024 and of its incoming resources and application of resources. induding its income and expenditure. for the year then ended: have been properly prepared in accordance ith United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordan(x with the requiremants of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Slandards on Auditing (UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities ft)r the audit of the financial statements section of our reporL We are indndent of the charity in accordan the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical standard, and the prowsions available for small entities. We believe that the audti evidence we have obtained is sufficlent and appropriate lo promde a basis for our opinion. Concluslons rolatlng to golng concom In auditing the financial stslements. we have ruded that the trustees use of the going conc8m basis of accounting in the preparation of the financial statements appropriate. Based on the work we have performed. we have not identified any Material un¢ertainti8s relating to events or conditions that. individually or collectively. may cast signffjcant doubt on the ch8rrtys ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the TrusteesDirectors with respect to going concem are described in the relevant sections of this report. Other infonnation The other infomiation comprises the information induded in the 8nnual report other than the financial ststements and our audltorfs report thereon. The TrusteeslDirectOfS are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other infomlation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance ¢ondusion thèreon. Our responsibility is to read the other inforniation and, in doing so, consider whether the other infomation is materially inconsistent wÈth the financial stements or our knowledge obtained in th8 course of the audit, or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent rnaterial misstatements, we are required to determine whether this gives rise to a material misststement in the financial stalements themselves. If, bas8d on the work we have performed. we condude that there is a material misstat8m8nt of this other information. we are required to report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of our audit: the infonnation given in the trustees report for the financial year for which the financial statements are prepared, which includes the directors. report prepared for the purposes of o)mpary law. is consistent with the financial ststements., and the dir8Ctors' report included wilhin the trustees report has been prepared in accordance with applicable legal r8quir6m8nts.
APNA GHAR 1995 LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF APNA GHAR 1995 LIMITED Mattern on whlch wo are requlred to report by exceptlon In the Ilghl of the knowledge and und8rstanding of the charity and ils envlronment obtained In the course of trie audit. we have not identified material mlsStatement5 in the dir8Ctors' r8port Inciudéd wlthin tha trustees report, We have nolhlng to report In r8sp8Ct of the followlng matters In rel8tion to which the Companies Act 2006 requir6S UB to report to you If, in our opinion,, adequate accounting records have not been kept. or retums adequate for our audtt have not been recelved from branches not vlslted by us., or the financial statements are nol in agreement with the accounllng records and retums. or certain disclosures of trustees, remuneration sp8cifI8d by law are not made-, or we hav& not r8celved all the infomiatlon and 8xplanations we requlre for our audit. or the Tru8leeslDirectors were nol entided to pr8pare the financial Statements in accordance with the small companl8s regime and take advantage of the small companies, exèmplions in preparing the trustees report and from the requirement to prepare a strategic report, Rospon$lbllltl88 of Tru8t8eslDITaCtors As explained rnoffj fully in the statement ol trustees responslbllitles, the Tru$te8sIDiractors. who ere 8150 the directors of the charity for the purpose of company law, are responsible for Ihe preparatlon of the financial ststemenls and for being satislled that they glve 8 true 8nd falr vSew, and for such Intemal control as the Tfuslee81 Dlredors determlne is necessary to enable the preparallon of flnan¢ial slalements that ar8 free from malerlal misst8tement, whether du8 to fraud or error. In preparing the fSnanclal ststements, the TwsleeslDirectors are respon$lble for assessing the charlty's ability to contlnue a$ a going ¢oncem, dlscloslftg, as appllcable, matter8 related to going concem and using the going concem basis of accoL¢nting unless the TrusteeslDir8ctors 6ithor int8nd to Ilquidale the charit8bla Company or to ceas8 oper8tlons, or h8V8 no reallstlc 81temative but lo do so. Audltorfg respon$lbllltle8 for Ihe audlt of th8 fin•nclal statement• Our objectlves ar8 to obtain reasonable 8ssuran¢e about whether the flnancial statements 88 a whole 8re free from material misststement, whether due to fraud or error, and to Issue an audllorfs report that includes our opinlon. Reasonable assurance is a high level of assuranco but Is not a gu8rante8 that an audil Conducted in accordance wlth ISAS (UK) wlll always del8Ct a material misstat6m8nt when il exists, Mlsstatements can arlse from fraud or error and are consldered material If, indivldually or In the aggregate, they could reasonably be expected to influence the economlc decislon5 of users taken on th8 basls of these financial statements. The extent to whlch our pro¢edur8s are capable of detectlng Irr8gularttles, includlng fraud, is detslled below. A further descrlplion of our rgsponsiblllties is avallable on the Financial Reporting Councll's wèbsite at,. https'.11 ¥ww.frc.org.uklaudltorsresponsibllitio8. Thls descrlptlon fomis part of our audltorfs report. U$• Of our report Thls report Is made solely to the charitablo company's members, as a body, In accordance wlth Chapter 3 of Part 18 of the Companies Act 2006. Our audlt work has been undertaken so that we might state to the ¢h8rltable company's members those matters we are required to state to them in an audltor's report and for no other purpose. To the fijllest extent permitted by law, we do not acc8Pt or assume responsiblllty to anyone olher Ihan Ihe Charitable company and th8 charitable company's members as a body, for our audit work, for this report, or for the opinlons we have formed.
APNA GHAR 1995 LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF APNA GHAR 1995 LIMITED Steph•n Lewls (Senlor Statutory Audltor for and on behalf of LMH Accountants Llmlt•d TIA Trnvor Jones & 17 Co .i.z Chartared Accountants Statutory Audltor (Jd 8ank Chambers 582-586 Kingsbury Road Erdington Blmlngham B24 9ND
APNA GHAR 1995 LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfcted Deslgnated Restrlcted funds Funds funds Total Unrestrfcted Do8lgnated Restrlcted funds Funds funds Total 2024 2024 2024 2024 2023 2023 2023 2023 Incomé and endowmonts from: Don8lions and legacjes Cheritsble activitles Investment income Other income 512 40,532 3,049 512 40,532 51,895 61,695 488 64.373 47,288 80,319 64,373 48.846 61.695 46,294 80,319 Total Income 44,093 110.541 154,634 65.855 126,613 192.468 Expondlturo on: Charltable activitles Othèr expenditure 237 196.558 196,795 2.074 185,642 187,716 10 Totsl expondlturo 237 196,558 196,795 2,074 185.645 187,719 Net Incomell•xpondlturo) 43.856 (86.017> (42,161) 63.781 (59,032) 4,749 Transfers between funds (86.017) 86,017 {259,032) 200,000 59,032 Other Tocognisgd galns and10$5o8: Revaluation of tangible fixed assets (61.604) (61.604) 1.265,140 1,265,140 Net movemènt In funds {42.161) (61.604) (103.765) {195,251) 200,(K)0 1,265,140 1,269,889 Reconciliallon of funds: Fund balances at 1 April 2023 286,364 200.000 1.754.709 2.241.073 481,615 489,569 971,184
APNA GHAR 1995 LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Fund balance8 at 31 March 2024 244.203 200,000 1,693,105 2,137,308 286,364 200,000 1,754,709 2,241,073 The statem8nt of financlal actlvlties Indud8s all gains and losses recognised in the year. All Income and exp8nditure derive from continulng activitla8. 10-
APNA GHAR 1995 LIMITED BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Notes Flxed assots Tangible assets 12 1.999,574 2,086,879 Currnnt ass•ts Debtors Cash at bank and In hand 13 20,675 239,626 18,978 273,463 260.301 292,441 Credllors: amount8 falllng due wlthln one year 14 (11,937) (22,574) Not ¢urrnnt a880ts 248.364 269.867 Total a88Ot81•88 current Ilablllt1•8 2.247,938 2,356,746 Crodltor•: amounts falllng du• aft•r moro than ono year 15 (110,630) (115,673) N•t asuts 2,137,308 2.241,073 Th• funds of th• charlty Restrided income funds Unrestrtded fvnds . general Unrestricted fijnds - deSnated fund 17 19 18 1,693.105 244,203 200,000 1,754.709 286,364 200,000 2,137,308 2.241,073 The financial statements were approved by the TrusteeslDIrecto on Mr M I S8dd81 Dlroctor Company registration number 3279108 (Eng18nd and Wales> 11
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Informatlon Apna Ghar 1995 Limited is a private company limited by guarantee incorporated in England and Wales. The reglstered offlce Is Old Bank Chambers, 582-586 Kingsbury Road, Erdington, Binningham. West Midlands, B24 9ND. 1.1 A¢¢ountlng conventlon The accounts have been prepared in accordance with the charity's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practic8 applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounting periods commencing from 1 January 2016), The charlty is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare 8 Ststement of Cash Flows. The financial statements are prepared In sterling, which is the functlonal currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accountlng pollcies adopted are set out below. 1.2 Golng conc•rn At the time of approving the financial statements, the Tru5teeslDirectors have a r8asonable expectstlon that the charity has adequate resources to contlnu8 in operational exlstgnce for the fore8e88ble future. ThLSS tho Trust8eslDlr8Ctors continue to adopt the going concern b8sls of accounting In preparing the flnanclal ststemenls. 1.3 Charltabl• lund$ Unrestricted funds are available for use at the discretion of the Tru8te8sIDlrectors In furtherance of their charltable objectives. Restrlcted funds are subl8Ct to SP8clflc condltlons by donors as to how they may be used, The purposes and uses of the restTiCted fvnds are set out In the notes to the accounls. 1.4 Incom• Inc0rn8 is recognised when the charfty is legally entlued to It after any perfomiance conditions h8ve been met, the amounts Can be measured reliably, and it is probable that In¢ome will be received. Cash donatlons are recognised on receipt. Other donations are reo)gnis8d once the charity has been notffied of the donalion, un18ss performance conditions require deferral of th8 amount. Incom8 lax recoverable in relation to donations received under Gift Aid or deads of covenant Is recognised at the time of th8 donation. Logacies are recognlsed on r8colpt or otherwlse if the charity has been nollfted of an impending dlstribution, the amount is kr¢own, and r8CelPt is expected. If the amount is not known. the legacy is treated as a contingent asset. Grant income is recognised in the period to which it relat8S to. 12
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng policie$ (Contlnuod) 1.5 Expondlture Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic b8n8fit to a third p8rty. it Is probable that a transfer of economic benefits will be required In $9tt5ement, and the amount of the obligalion can be measured reliably. Expenditure is dassified by activity. Thg costs of each activity aro made up of the total of direct costs and shared cosls, including support costs involved in undertaking each activity. Direct costs altributsble to a single activity are allocated dlrectly to that 8Ctivity. Shared costs which contribute to more than one activity and support Costs whlch are not attributsble to a single activity are apportioned between Ihoso acllvities on a basis consistent wth Ihe use of r8sources. Central staff cosis are allocated on the basis of time spent, and depreciation charges are allocele(l on the portion of the asset's Use. All expondlture Is accounted for on an accruals basls and has bean classifled under h&adlngs that aggrogate costs related to the category. Whera ¢o$ts can not be directly attrfbuted to a partlcular heading they have been allocated to acllvities on a basis consistent wlth the u$8 of the r6sourcas. 1.6 Tanglblè flxed as8et4 Tang5ble fixed assets are Inlllally measured at cost and sub88quently measured at Cost or valuation, net of depreciation and any Impaimenl10&8es. Depreciation Is racognised 80 88 to wrlte off the cost or valuatlon of assets less their ra8ldual values ov8r thelr useful lives on the following bases: Freehold land and buildings Fixtures, fittings & equipment Motor vehS¢les 2Vè on cost 25V) on cosl 250A on Cost The g8in or1088 arlsing on Iho disposal of an asset is determined 88 the difference between the sale proceeds and the carying val¢Je of the asset, and is reo)gn1$8d in the statement of financi81 activlties, 1.7 Impalmi•nt of flxed assets At each r6portlng end date, th8 charily reviews the carrying amounts of Its tangible a888ts to determine whether there is any Indicallon thal those assets have suffered an Impaimient loss. If any such indication exists, the rscoverable amount of the asset is estimated in order to determine the extènt of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-temi Ilquld investments with origlnal maturities of three months or less, and bank ov8rdrafts. Bank overdrafts are shown within borrowings in current Ilabilities. 1.9 Flnanclal In$trumtnts The charity has elected to apply the provisions of S8ction 11 '88sic Flnancial Instruments, and Section 12 'Other Finandal Instruments Issues, of FRS 102 to all of St$ financlal Instruments. Financi81 Instruments are recognised in the chartV3 ba18nce sheet when the charlty b8comes party to the contractual provisions of the Instrument. Finanaal assets and liabllllles are off86t, with the net amounts pras8nted in th8 financi81 statements, when there is a legally enforceable rfght to set off the recognised amounts and there is an intention to sèttlè on a n6t basis or to r881ise the a85et and settle the liability simultaneously. 13-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng pollcles {Contlnued) aaslc flnanclal assets Basi¢ financial asset8, which indude debtors and cash and bank balances, are initially measur8d at transaction price induding trans8Ction ¢osts and are subsequ8nUy carried al amortised cosl using the effective ir¥teresl method unless the arrangement constitutes a financing trans8¢tion, where the transaction is measured at the present V81u8 of the future receipts discounted at a market rate of inter6s1. Financial assats classified as receivable within one year are not amortised. Basic financial liabllltles Basic financial liabilities, including creditors and bank108ns are Inrtlally re¢ognlsed at transaclion price un18SS the arrangement constltutes a fEnancing transaction, wh8re the debt instrument is measured at the present value of th9 futur8 payments dlscount8d at a marf(et rate of Inter8sI. Finan¢Èal IiabilÉti8s classified as payeble within one year are not amortised. Dèbt instruments are subsequently carried at 8mortlsed cost, uslng the 8ffective interest rate rnethod. Trade creditors are obligations to pay for goods or services that hav8 b86n acquired in the ordinary Course of operatlons from suppliers. Amounts payable are classified as current liabilllles rf payment is due withln one year or less. If not, they are presant8d as non-currant liabilities. Trade creditors are re¢ognlsed Initially at transaction priG8 and subsequentEy measured al amortised cost Using the effective interest method. Derecognltlon of finan¢lal Ilabllltles Finan¢lal Ilabilities are derecogni$ed wh8n the chanty's contractual obllgations 8xplre or are discharged or canc8lled. 1.10 Employoe benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement beneffts Payments to defined contn'butlon relement benefit schemes are charged as an expensa Bs they fall due. 1.12 Legal status of tho ¢harlty The charity is a company limitèd by guarantee and has no share capital. The18lbllity of each mernber in the event of wlnding up is limited to £1. Crltlcal accountlng e$tlmat88 and Judgements In the application of the charily's a¢¢ounting policies, the TrusteeslDirectors are required to make judgements, estimates and assumptlons about the carrying amount of asset5 and liablllties that are not readily apparent from other SoUs. The estimates and assoclaled assumptions are based on historical experience snd olher factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the VIsion affects only thal period, or in the poriod of Ihe revision and future periods where thé revision affeots both current and future periods. 14-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacles Unrestrlcted Unrestrlcted funds funds 2024 2023 Donations and gifts 512 Income from charltable actjvltles Unrostrlct•d Unrn8trlcl•d fund8 fund8 2024 2023 Charltabl• actlvltl•• Food sales Day care income 13,273 18,792 9,981 11,314 Blmilngham clty councll Incom• Council income 10,467 43,078 40,532 64.373 Incom• from Investmont• Unrostr1éd Restriel•d lunds funds 2024 2024 Totsl Unr•strlcted R•8trlct•d funds fund* 2023 2023 Totsl 2024 2023 Rental income Inter8St receivable 48,846 46,294 46,294 994 3.049 3.049 994 3,049 48.846 51,895 46,294 47,288 Othor Income Restrlctod lunds 2024 Restrlctad funds 2023 Grant income BCC grant in¢om8 25,445 36,250 40,319 40.000 61,695 80,319 15-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charltable actlvitlos RF RF Charltabla Charltablo axpendtture oxpandlturo 2024 2023 Dlrect costs Staff costs Depreciation and Impaiment Rates Insurance Llght & Heat Repairs & maintenance PrInng postage & ststlonery Telephone Motor expense8 Legal & Professional Fees Payroll Audit Fees Sundry Expen$eg Bank Charges Bad Debts 105,844 34,768 2,699 4,678 11.460 13,609 630 1,960 8,190 6,354 1,015 3,827 1,411 350 102.274 33.947 929 4.130 10.328 9.631 959 1.605 7.446 4,347 1.332 3.643 4,984 325 1.836 196,795 187.716 Analyfyls by fund Unrestrfcted funds- general Restrlcted fijnds 237 196,558 2,074 186.642 196,795 187,716 The depreclatlon charge for the year was £34.768 (2023 - £33,947). Trusto•slDlrectorn None of the TrusteeslDirectors (or any persons connected wtth them) received any remuneratlon or benefits from the charity during the year. None of the TrusteeslDirectors (or any persons connected with them) recelved any remuneration during the year Trustees expenses amounting to £0 were relmbursed. 16-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employae8 The average monthly number of employees during th8 year was: 2024 Number 2023 Numb•r Management & administration Care & kitchen staff Total Employm•nt costs 2024 2023 Wag88 and Salarles Other pension costs 93,423 12,421 91,362 10.912 105,844 102.274 There were no employee8 whose annual remuneratlon was more than £60.000. 10 Other •xp•ndltur• R•8trlct•d funds 2024 Restrlctod funds 2023 Net108s on dlsposal of tanglble flxed assets 11 Taxatlon The charlty Is exempt from taxatSon on Its 8Ctivities because all ts income Is applied for charitable purposes. 17-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible flxed assets Froohold land and bulldlngs Motor v•hIc* Total ffttlnga & ulpm•nt Cost or valuatlon At 1 April 2023 Additions 2.064.000 7,575 62,393 1,492 66,209 2,192,602 9,067 At 31 March 2024 2,071,575 63,885 66,209 2,201,669 Depreciation and impaimient At 1 April 2023 Depre¢ialon ¢harg8d in the year 57,106 3.625 48,617 10.053 105,723 96,372 82,694 At 31 March 2024 82.694 60.731 58.670 202,095 Carrying amount At 31 March 2024 1.988.881 3.154 7,539 1,999,574 At 31 March 2023 2.064.000 5.287 17.592 2,086,879 Land and buildings with a carrying amount of £ 378,518 were revalued at 12 September 2023 by Abacus Architects Ltd, independent valu8rs rK)t connected wlth the charity on the basis of market value. The valuation confomis to Intemational Valuation Stsndards and was based on reont market transactions on ami's length teryns for similar properties. Al 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impaimient losses, their carrying amount would have been approximately £354,524 (2023 - £368,039). The revaluation surplus is disclosed in rn)te 17. All assets are held for direct charitable purposes. 13 Debtors 2024 2023 Amounts lalllng due withln one year: Trade debtors Prepayments and accwed income 1.427 19,248 18,198 20,675 18,978 18-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Creditors: amounts falling due withln one year 2024 2023 Notss Other taxation and social security Grants Trade creditors Accruals and deferred income 562 5,675 1,183 4,517 617 16,277 979 4,701 11,937 22,574 15 Credltors: amounts falling duo after moro than one year 2024 2023 Notes Grants 110,630 115,673 16 Retlrement benefft schemes 2024 2023 Doflned contrlbutlon schemes Charge to proft or loss in respect of defined contribution schemes 958 606 The chanty operates a defined contrtbution pension scheme for al qualifying employees. The assets of the scheme are held separately from those of th8 charity in an independently administered fund. 17 Restrlcted fund$ The restricted funds of the charity MPrise Ihe unexpended balances of donations and grants held on trust subject to speafic condttions by donors as to how they may be used. At 1 Aprll 2023 Incomlng ROurceS resources expended Transfors Galns and At 31 March losses 2024 Restrrcted funds Transfer to unrestricted fvnd 110.541 (196.558) (86,017) 86.017 86,017 110.541 (196.558) 86,017 Revaluation reserve 1.754.709 (61,604) 1,693,105 19-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted funds {Contlnued) Prnvlous yur. At 1 Aprfl 2022 Incomlng Resources resources expendod Transfers Galns and At 31 March losses 2023 Restricted funds Revaluation reserve Transfer to unrestricted fund 126.613 (185.645) (59.032) 489.569 1.265,140 1,754,709 59.032 59,032 126.613 185,645 59,032 Revaluallon reserve 489,569 1,265.140 1.754.709 18 Unrestrictsd funds - designated fund These are unrestricted funds vA)ich are material to the chaiivs actNitses. At 1 April 2023 Trnnsfers At 31 March 2024 200.000 200,000 Prevlous year: At 1 April 2022 Transfers At 31 March 2023 2CQ.O 200.000 Designatod Fund W8 have designated a fund to meet unforeseen expenses. This includes, having to dose down following an unforeseen incident. This will indude damage to the propety. major renovation of property. There may be a need to hire premises to continue providing the service during th8 dosure. It will not be possible to pay for hiring thè facilities to continue providing service from our nomial income. In the event of reduction or stoppage of grant from local authority, we could continue to employ staff for a limited period and pay r8dundancy payment from designated funds. Furthennore it is a requirement that the Local Authoiity will only fund a project of an organisation in possession of one year tum round. -20-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestrlcted funds The unr8strlcted funds of the charity cofflprise the unexpended balan$ of donations and grants which are not subject to specific conditions by donors and grantors as to how they may b8 used. Those includ designated funds which have been Set asKle out of unrestricted fund$ by the trustees for spaclfic purt>oses. At 1 Aprll 2023 Incomlng Resources resOue$ expendtd Transfers At 31 March 2024 General funds 286.364 44,093 1237) (86,017) 244,203 Pr6vious yoar. At l April 2022 Incoming resourca$ Resourcos expended Transfers At 31 March 2023 General funds 481,615 65,855 {2.074) (259,032) 286,364 Oasignattd Fund We have designated a fund to meet unforeseen expenses. This includes, having to close down following an unforeseen incident. This will indtjde damage to the propety. major renovation of property. There may be a need lo hire premises to continu8 providing the service during th8 closure. It will not be possib16 to pay for hirlng the faclllties to continue provldlng servicé from our nomial in¢ome, In the event of reduction or stoppage of gfanl from local aulhority, we ¢ould continue to employ slaff for a lirnited period and pay redundancy payment from designated funds. Furthemore it is a requirement that the Local Authority will only fund a project of an organisatlon in possession of one year tum round. 20 Analysis of nel a$sets between lunds Unrestricted Unrestricted fund$ funds g•noral designatod fund 2024 Restrictsd fiinds Total 2024 2024 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) Long term Ilabilities 306,469 48,364 (110,6301 1,693,105 1,999,574 248,364 (110.$30} 200,fJOO 244,203 200,000 1.693,105 2,137,308 21
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Anatysls of net assets belw¢on funds {Confjnuod) UnrOBtrlcted Unrestrlctod funds funds general de81gnated fund 2023 Rostrlctgd funds Total 2023 2023 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) Long term liabilities 332,170 69,867 (11 5.673) 1,754,709 2,086,879 269,867 (115.673) 200.000 286,364 200,000 1,754.709 2,241,073 21 R•latod party trnn$a1on• There were no dis¢losable relaled party transacttons during the year (2024- none). 22 Prfor porlod adlustmont Chang08 to the balan sheet At 31 March 2023 A• provIou8ty AdJu•tmenl reportèd A• r••tst•d Cr•dltors du• wlthln ono yèar Deferred income Credltor8 duo aftor one y•ar Deferred Income (18.561) 2,284 (16,277) (133,548) 17,875 (115,673) Nel assets 2,220,914 20,159 2,241,073 Capitsl funds Incom8 funds RestrFcted funds 1,875,518 (120,809) 200.000 (59.032) 1,754,709 200,000 286,364 Unrèstrlcfed funds 345,396 Total •qulty 2,220,914 20,159 2.241.073 -22-
APNA GHAR 1995 LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prlor perlod adjustment (Contlnuod) At 31 March 2023 A• previously AdJustmont roport•d As restated Changes to tho proflt and loss account Perlod end•d 31 March 2023 As prevlously AdJu8lmtErt As rostat Charitable 8Ctivities Other tradlng activities Grant Income 11.314 53.059 54,169 53,059 (53,059) 26,150 64,373 80,319 Cost of sales Charitable actiwties 10,306 171.419 (10,306> 16.297 187,716 Nèt movement in fjjnds 1,249.730 20,159 1,269,889 -23-