OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

é ‘

4

a

4 = fl

4

THE PANJABI CENTRE LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

LEVY + PARTNERS LIMITED CHARTERED ACCOUNTANTS London W5 3RA 7-8 Ritz Parade, Western Avenue

Tel: +44 (0)20Email: 8932 1932info@levyandpartners.comFax: +44 (0)20 8932 0122

The Panjabi Centre Limited (A company limited by guarantee)

Contents

For the year ended 31 March 2021

Page
Legal and administrative information 1
Trustees’ report 2-3
Independent examiners’ report 4
Statement offinancial activities 5
Balance sheet 6-7
Notestothefinancialstatements 8-13

zal The Panjabi Centre Limited B| Legal(A companyand(A companyand companyandand adm l l i nmm i tedstrative bystrative by by guarantee)information

|

Legal(A companyand(A companyand companyandand adm l l i nmm i tedstrative bystrative by by guarantee)information

For the year ended 31 March 2021

|

Charity number 1065534 Company registration number 3387854 Registered office 30 Sussex Road Southall Middlesex UB2 SEG Trustees Amarjit Kaur Khera Benjamin James Schofield (Treasurer) A N Kendall Manjinder Singh Chahal 11 July 2020 (Appointed) Ajit Singh Khera 11 July 2020 (Appointed) Secretary Mrs Jain Sidhu Independent examiner Rakesh Bhargava B.Phil, ACA Levy + Partners Limited Chartered Accountants 7-8 Ritz Parade Western Avenue London WS 3RA Bankers C A F Bank 25 Kings Hill West Mailing Kent ME19 4JQ

The Panjabi Centre Limited (A company limited by guarantee)

Report of the trustees (incorporating the directors' report)

For the year ended 31 March 2021

The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees, who are also directors of The Panjabi Centre Limited for the purposes of company law and who served during the year and up to the date of this this report are set out on page 1. The trustees have adopted the provisions ofPractice trustees have adopted the provisions ofapplicable have adopted the provisions of adopted the provisions ofto Accounting and Reporting by Charities accounts : Statement of Statement ofReporting of RecommendedStandard Practice trustees have adopted the provisions ofapplicable have adopted the provisions of adopted the provisions ofto applicable have adopted the provisions of adopted the provisions ofto to charities the provisions of provisions ofpreparing oftheir accountsAccounting and Reporting by Charities accounts preparing oftheir accountsAccounting and Reporting by Charities accounts their accountsAccounting and Reporting by Charities accounts in accordance Reporting by Charities by Charitieswith Charitiesthe with Charitiesthe the Financial: Statement of Statement ofReporting of Reporting of Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2015)

| the date of this this report are set out on page 1. "|) The trustees have adopted the provisions ofPractice trustees have adopted the provisions ofapplicable have adopted the provisions of adopted the provisions ofto charities the provisions of provisions ofpreparing oftheir accountsAccounting and Reporting by Charities accounts in accordance Reporting by Charities by Charitieswith Charitiesthe Financial: Statement of Statement ofReporting of RecommendedStandard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2015) Structure, governance and management The Panjabi Centre Limited was incorporated on 17 June 1997 as a private company limited by guarantee with the company number 3387854 and registered as the Charity on 6 November 1997 with registration number 1065534. The : working name ofthe Charity is "The Panjabi Centre". The charity's governing document is the Memorandum and Articles of Association, as amended by a special resolution dated | October 2005. Objectives and activities The principal activity of the charity is to promote education for the benefit of the public in all aspects of panjabi language, history and culture. ii Achievements and performance volunteers, radio listeners, customers and supporters of the Charity. zi] This year is the 19th anniversary of The Panjabi Centre and we have made substantial progress in terms of an increase in | - We have successfully renewed our community radio licence with Ofcom for five years now runs until May 2019. We | are already broadcasting on Desi Radio 1602AM since May 2002, 24 hours and seven days a week. The popularity of I the radio increases and, advertising revenue is made up predominantly small local businesses. s - Our cultural activities, Jago, Tee-yan and Lohri (Panjabi folk dances for women and winter festivals) are celebrated 3| with increasing numbers of participants each year. | - The revenue from social activities e.g. Dinner & Dance, Shabeel, Jago and general donations from the community have | also increased.

The Board of Trustees and Members of the Centre have contributed their time and efforts to ensure the activities of the Centre comply with the aims and objectives of[the][Centre.]

Financial review

During the financial year, efforts were made by the Charity to find funding with applications to Heritage lottery funding. We continue to work with London Borough of Ealing and other organisations in order to identifying funding streams.

Page 2

El |

The Panjabi Centre Limited

(A company limited by guarantee) Report of the trustees (incorporating the directors' report)

3]

a] a Ei

A

For the year ended 31 March 2021

Statement of trustees’ responsibilities The trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Standards (United Kingdom Generally Accepted Accounting Practice). Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting of the state of affairs of the charitable company and of its incoming resources and application of resources, including its Company law requires the trustees to prepare financial statements for each financial year which givea true and fair view income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent;

----- Start of picture text -----
7
----- End of picture text -----

financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under Part 415A of the Small company provisions Companies Act 2006.

On behalf ofthe board

Amarjit Kaur Khera Chair / Trustee 11 December 2021

Page 3

fl The Panjabi Centre Limited i (A company limited by guarantee) Panjabi Centre Limited. ii Independent examiner's report to examiner's report to report to to the trustees on the unaudited financial statements of

a] J] z] a!

J

|

I

Panjabi Centre Limited. Independent examiner's report to examiner's report to report to to the trustees on the unaudited financial statements of The For the year ended 31 March 2021

I report to the charity trustees on my examination of the accounts of The Panjabi Centre Limited for the year ended 31 March 2021, which are set out on pages 2 to 13.

Responsibilities and basis of report the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). As the charity's trustees of the company (and also its directors for the purposes ofcompany law) you are responsible for Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act Directionsandout areunder eligiblesection for145 independent examination,ofthe Charities Act 2011I report(the '2011 in respectAct’). ofInmycarrying examinaou t ion ofyourmy examination charity'sI have accounts followed as carried the given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

Rakesh Bhargava B.Phil, ACA Levy + Partners Limited 7-8 Ritz Parade Chartered Accountants Western Avenue W5 3RA London

Date: 11 December 2021

Page 4

i

J The Panjabi Centre Limited i (A company limited by guarantee) | ForStatementthe year of ended financial31 activitiesMarch 2021 (incorporating the income and expenditure account) | Unrestricted 2021

: |

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|2021|2020| |Notes|funds|Total|Total| |£|ee|£| |Incoming|resources| |Incoming resources from generating funds:| |Voluntary income|2|118,102|118,102|29,916| |InvestmentActivities|forincome generating funds|3|59,009|59,009|164,055| |4|210|210|743| |Total incoming resources|177,321|177,321|194,714| |Resources expended| |Charitable|activities| |Total|5|167,829|167,829|229,411| |resources expended|167,829|167,829|229,41]| |Net incoming/(outgoing)|resources|for the year| |Net|/| |income/(expenditure)|for the year|9,492|9,492|(34,697)| |Total|funds|brought|forward| |Total|271,028|271,028|305,725| |funds carried forward|280,520|280,520|271,028|

----- End of picture text -----

The notes on pages 8 to 13 form an integral part of these financial statements.

Page 5

| The Panjabi Centre Limited 4 (A company limited by guarantee)

il

|

j |

i

i

Balance sheet

As at 31 March 2021

Notes £ 2021
£		 x 2020
£
Fixedassets
Tangibleassets
Current assets		 7 17,792 22,240
Debtors
Cash atbank and inhand		 12 104,493
449 814		 139,790
436,851
Creditors:
amounts falling
duewithin oneyear		 13 554,307
(291,579)		 576,641
(327,853)
Netcurrentassets
Netassets		 262,728
280,520		 248,788
271,028
Funds
Unrestricted income funds		 14 280,520 271,028
Totalfunds 280,520 271,028

The Balance Sheet continues on the following page.

|

The notes on pages 8 to 13 form an integral part of these financial statements, Page 6

i The Panjabi Centre Limited i (A company limited by guarantee)

~ i The financial statements statements were approved by the board on i Amarjit Kaur Khera

Balance sheet (continued)

Trustees statements required by the Companies Act 2006 For the year ended 31 March 2021

In approving these financial statements as trustees of the company we hereby confirm:

Act 2006 ; | (a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies | Act(b) 2006that norequesting notice hasthat beenan depositedaudit be conductedat the registeredfor the officeyear ended of the31 companyMarch 2021. pursuant to section 476 of the Companies i (c) that we acknowledge our responsibilities for: (1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act | 2006, and (2) preparing financial statements which give a true and fair viewofthe state of affairs of the company as at the end of | 395,the financialand which yearotherwise and of its profitcomply orwith loss for thethe provisions year thenof ended the Companiesin accordanceAct withrelating the requirementsto financial statements, of sections 394so far andas | applicable to the company. These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

~ ‘ The financial statements statements were approved by the board on 11 December 2021 and signed on its behalf by

,

Chair / Trustee

The notes on pages 8 to 13 form an integral part of these financial statements.

Page 7

| The Panjabi Centre Limited i (A company limited by guarantee) Notes to the financial statements if For the year ended 31 March 2021

i

|eS 1. Accounting policies throughout the year and the preceding year. i The principal accounting policies are summarised below. The accounting policies have been applied consistently 1.1. Basis of accounting | theThe UKfinancialand Republicstatementsof preparedIreland"in accordance("FRS 102").with"Accounting FRS 102 "Theand FinancialReportingReporting Standardby Charities" the applicablestatement ofin Recommended Practice for Charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted 102. | Accounting Practice as it applies from 1 January 2015. The Charity is a Public Benefit Entity as defined by FRS i 1.2. AllIncomingincoming resourcesresources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to | particular categories ofincome: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. i financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific Donated services and facilities are included at the value to the charity where this can be quantified. The value of | services provided by volunteers has not been included. sold.Gifts donated for resale are included as incoming resources within activities for generating funds when they are

j | j

1.3.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

Income from the charity shop is included in the year in which it is receivable.

Income from investments is included in the year in which it is receivable.

ExpenditureResources expis r e cognisednded on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

| Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of project management. the charity and include

|

Page 8

i The Panjabi Centre Limited i (A company limited by guarantee)

q

i |\

4 g j j

i

| r

Notes to the financial statements

For the year ended 31 March 2021

1.5. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Plant and machinery - 20% reducing balance basis

1.6. TheDefinedpension contributioncosts chargedpensionin the schemesfinancial statements represent the contribution payable by the charity during the year.

|

The financial statements have been prepared on the assumption that the charity is able to carry on business as a going concern, which the trustees consider appropriate haveing regard to the circumstances.

| 2 j |=

Voluntaryincome Unrestricted
funds		 2021
Total		 2020
Total
Donations
GrantsreceivableLondonBoroughEaling
Grants receivableCJRS		 £
48,419
35,000
34,683		 £
48,419
35,000
34,683		 £
29,916
-
-
118,102 118,102 29,916
Activities forgenerating funds
Unrestricted
funds		 2021
Total		 2020
Total
f £ £
Advertisingsales 59,009 59,009 164,055
59,009 59,009 164,055
  1. Activities for generating funds

Page 9

The Panjabi Centre Limited (A company limited by guarantee)

! |

| | | | |

Notes to the financial statements

For the year ended 31 March 2021

4. Investment income

4. Investment income
Unrestricted 2021 2020
funds Total Total
£ £ f
Income from UK investment 210 210 743
210 210 743
5. Costs ofcharitable activities - by fund type
Unrestricted
funds
£		 2021
Total
£		 2020
Total
£
Wages& Salaries 55,360 55,360 43,574
Activity2 - Support - Staff-Pension costs 957 957 681
Stafftraining = = 4,744
Staff welfare 1,162 1,162 Ig159
Rent and rates 15,010 15,010 48,345
Light& heat 3,821 3,821 6,669
Repair&maintenance
Insurance		 1,592
1,179		 1,592
1,179		 2,623
1,184
Cleaning 394: 394 85
Hireofequipment
Gen ral expense		 -
13		 -
13		 2,157
588
Accountancy 1,710 1,710 1,700
Legalandprofessional
Telephone
Printing, postage and stationery		 1,856
5,956
40		 1,856
5,956
40		 1,264
4,564
356
Bankcharges
Subscriptions
Activity2 - Support - Depreciation& impairment		 69
1,363
4,448		 69
1,363
4,448		 55
1,880
5,561
Transmission costs 72,899
167,829		 72,899
167,829		 102,222
229,411

|

Page 10

The Panjabi Centre Limited (A company limited by guarantee)

|

|1

Notes to the financial statements

For the year ended 31 March 2021

|||6.|Costsofcharitableactivities -byactivity|||| |---|---|---|---|---|---| ||||||Support
costs
£|2021
2020
Total
Total
£
£
£| ||
Cost offund raising
94,930
94,930
127,189
Transmission costs
72,899
72,899
102,222|||||| ||||||167,829|167,829
229,411| |||Ty|Netincoming/(outgoing) resourcesfortheyear|||2021
2020| ||||||£
£| ||||Netincoming/(outgoing) resources isstated aftercharging:
Depreciation and other amounts written offtangible fixed assets|||4,448
5,561| |||8.|Employees|||| |:
;|;|Employmentcosts
;|;|;|2021
2020
;£
£| ||
Wages and salaries
55,360
43,574
°
Pension costs
957
681|||||| |||Other costs|||1,162
5,903| |||||||57,479
50,158| |||No employee received emoluments of more than £60,000 (2020|: None).||| ||||Numberofemployees|||| |||The average monthly numbers of employees (including the trustees) during||the year,|calculated on the basis of| |J||full time equivalents, was as follows:|||| ||||||2021
2020| ||1|||||Number
Number
5
5|

The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:

Page 11

Z | :

The Panjabi Centre Limited (A company limited by guarantee)

| | |

| | | |

Notes to the financial statements

For the year ended 31 March 2021

9. Pension costs

Thecompany operates a defined contribution pensionscheme in respectoftheemployees. Theschemeand its
assets are held by independent managers. The pension charge represents contributions due from the company and
was as follows:
2021
2020
£
£
Pensioncharge
957
681

|

10. Taxation
Thecharity's activities fallwithintheexemptionsaffordedbytheprovisions oftheSection478ofthe
Corporation Tax Act 2010. Accordingly, there is no taxation charge in these accounts.
11. Tangiblefixedassets Plantand
Cost machinery
£		 Total
if
At April2020 and
At 31 March 2021		 117,229
Depreciation
At April2020
Charge for the year		 94,990
4,448
At 31 March 2021 99,438 99,438
Netbookvalues
At 31 March 2021 17,791 17791
At31 March2020 22,239 22,239
12. Debtors
,		 2021 2020
4 4 4
£		 4
£
£

Trade debtors
Other debtors
104,493 139,790

Page 12

|

The Panjabi Centre Limited (A company limited by guarantee)

Notes to the financial statements

|

For the year ended 31 March 2021

;

13. Creditors: amounts falling due
within one year 2021 2020
£ £
Trade creditors 1,853 1,165
Amounts owed to group undertakings 1,185 1,185
Other taxes and social security 10,951 19,621
Accruals and deferred income 277,590 305,882
291,579 327,853

14. Analysis of net assets between funds

14. Analysis of netnet assets between funds
Unrestricted Total
funds funds
£ £
Fund balances at 31 March 2021 as represented by:
Tangible fixed assets 17,792 17,792
Current assets 554,307 554,307
Current liabilities (291,579) (291,579)
280,520 280,520
15. Unrestricted funds At At
1 April Incoming Outgoing 31 March
2020 resources resources 2021
£ £ £ £
UnrestrictedFunds 271,028 177,321 (167,829) 280,520

16. Company limited by guarantee

The Panjabi Centre Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

,

Page 13