28[th] ANNUAL GENERAL REPORT
30[th] July 2023 – 27[th] July 2024
Vision of the Panjabi Centre
- To build a cohesive identity for the Panjabi community and its integration within the UK culture
Mission of the Panjabi Centre
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To raise awareness of the Panjabi language and culture
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To disseminate information with the Panjabi community and between other cultures
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To build capacity within and for the Panjabi community to enable better performance within the UK cultures
Outcomes
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To become skilled, qualified and confident
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To take part in the democratic process
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To be involved in human rights issues
Charity No. 1065534
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ANNUAL GENERAL REPORT FROM 30[TH] July 2023 to 27[th] July 2024
Since the lifting of the Covid Lockdown we have been steadily advancing in both the execution of live programs by our presenters and the number of live interviews conducted.
We have recently provided training to our two presenters, Jyoti and Deep, to conduct live interviews.
Additionally, our presenter Preet has been trained to feature live Boliyan (Panjabi short folk songs) every Friday, which has gained significant popularity and encourages audience participation. This program not only provides entertainment but also allows people to share their experiences through music.
Furthermore, our presenter Basant has initiated live on-air food recipes program every Monday.
Jyoti interviewing Pav and Ranjot about a local heritage exhibition
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Festival of Diwali
On 24[th] November 2023, a Diwali Dinner and Dance Party was held to celebrate the birthday of Baba Guru Nanak Ji, as well as the festivals of Diwali, EID, and Christmas. The event was hosted at the Monsoon Banqueting Hall in Southall and 370 guests attended the party. Asli Baharan Panjab Diyan , a well-known Bhangra group, entertained the attendees with a live Bhangra dance performance, accompanied by the talented drummer Jaggi Dholi from Panjab.
Desi Radio Diwali party on 24[th] November 2023
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Festival of Lorhi
The Lorhi festival took place on 21[st] January 2024, at Norwood Hall in Southall. Lorhi is a winter festival that celebrates new marriages and the arrival of newborns. Approximately 50 women and children participated in the event, singing songs and dancing around the customary Dhooni (Bonfire). Naseeb Kaur rejoiced in the birth of her grandson, Sarabjit Bains celebrated her son's recent marriage, and Jessie Khera marked the birth of her son, Cassidy Singh Mendoza Khera.
Lorhi celebration at Norwood Hall on 21[st] Jan 2024
4
Festival of Vaisakhi
On the 17th of May 2024, we celebrated the Vaisakhi Party at the Monsoon Banqueting Hall, Southall. Approximately 370 people graced the event with their presence. The live bhangra dance was performed by the Bhangra group, Munde Panjab De, while the renowned drummer from Panjab, Jaggi Dholi, also showcased his talent alongside them.
Desi Radio Vaisakhi party on 17[th] May 2024
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Shabeel Event
The occasion took place on 10[th] June 2024. Shabeel is a commemorative event honoring the sacrifice of our Spiritual/National King, Guru Arjun Sahib Ji, where cold milkshakes, soft drinks, and water were distributed to those passing by in front of the Panjabi Centre/Desi Radio. The event commenced at 11 am and concluded at 4 pm.
Shabeel outside Desi Radio on 10th June 2024
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Coach Trip to Kent Seaside
On Sunday 14th of July, a group excursion was arranged to explore the coastal towns of Botany Bay and Margate. 33 ladies participated in this outing. The weather was delightful, and all the participants relished the opportunity to visit the picturesque English seaside.
Coach Trip to Botany Bay Beach, Kent and Margate Seaside
7
Teeyan Da Mela
The Teeyan festival was inaugurated on Saturday, the 20th of July 2024.
For the following three Saturdays, the festivities will take place outdoors at Norwood Hall playing fields. The local orgnisation, Siri Guru Singh Sabha Southall, contributed to the event by offering tea and chairs for the elderly attendees.
Teeyan celebrated on 20[th] July 2024 at Norwood Playing Fields, Southall
Training
We provided training for five people to become presenters on Desi Radio.
DAB Radio Multiplex License
After submitting a West London license application to Ofcom in 2023, on Monday 22[nd] July 2024, the regulator announced results of the Round 5 Small Scale DAB Radio Multiplex License awards. Desi Radio is an integral part of the applicant City West Digital CIC, and this company was successful in winning the license. Desi Radio’s participation in City West Digital gives our radio service DAB transmission access across a much wider West London area and will allow us to reach our target audiences with a significantly improved audio signal.
Radio App
We now have a Desi Radio app provided by Community Media Association, free of charge. The app link is provided below.
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https://radioplayerworldwide.page.link/XEeoQq3UwzENdTEVA
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Ms. Amarjit K Khera, Chair The Panjabi Centre 30 Sussex Road Southall UB2 5EG
Tel: 0208 574 9591
Email: info@desiradio.org.uk Website: www.desiradio.org.uk
Trustees/Directors of the Panjabi Centre:
Ms. Amarjit K Khera (Chair)
Mrs. Jain Sidhu (Secretary)
Mr Benjamin Schofield (Treasurer)
Mr Manjinder Chahal
Mr Ajit Singh Khera Mr Kulvant Singh Mr Jasvir Singh
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Charity nunlber: 1065434 Compllny numbor., 3387854 The Panjiibi Cent7"e Limited (A conipany limited by guai'antee) TrustL'L'S' report and finaiicial statemLlIts fror the yeai. L'ndLd 31 March 21124
Tlie Paiijabi CLntrc LiniitLd (A cniiipai)y liini ted by guiirantce) Contents For tlic ycar L'ndLd 3 l Maj'cli 21)24 Pmgc I,¢bTiil and iidniinistralivL inlornialioii '1 I'iislccb, I'eport Iiidcpuiideiil CX1imiii¢i'.%' rcporl 8- IJ
The Panjabi Centre Limited (A company limited by guarantee) Legal and adminlstrative information For the year ended 31 March 2024 Charity number 1065534 Company reglstration number 3387854 Registered office 30 Susyex Road Souihall Middle¥ex UB2 SEG Trustees Amarjit Kaur Khera (Chair) Jain Sidhu Benjamin Jame8 S¢hofield (Treasurer) Kulvant Singh Manjinder Singh Chahal Ajit Singyh Khera Ja%vir Singh (Appointed) (Appointed) Secretary mr Jain Sidhu Independent examiner Arvind Jo.8hi Lcvy i. Partners Limited Chartered Accountant8 7-8 Ritz Parade Western Avenue London W5 3RA Bv4nkers CAfBank 25 Kings Hill West Mailing Kent ME19 4JQ Page I
The Piiiijlll)i Centi'e Liniitcd
(A Lomi)dny liinited by gu4qrantee)
Ilei)ort of the IrusteL'% (inLurpor4ltinL? tIIL' cl i reetor$' rL'port)
Foi. the ye421' iinded 31 Mai'Lh 2024
Iso dirLLlors of Tlie ljdnjdbi C¢iilr¢ Lii)iiled lor Ilie i)iiri)u.%¢i of o()IYP¢iny ljw and whu s#i'v¢d diiriiigi IIIL )'LÉli anil lip lo
Ili¢ diJL¢ ot this r¥port al'e qel out (Iii pag¥
I'l)e Ii'u8tees Ii&ive adoplLd Ilic 5?1'nviqiDii.4 nl. Accoiiiiliiig aiid l<ei)ni'liiig l)y l_'.11
I'he Panjabi Centre Limited (A company limited l)y guarantee) Report ot. tlie triistees (inLOI'por#ting the directors, i'eijort) For tlie year endeil 31 MarLh 2024 .Statement of triistees, rL5ponsibilitie.$ -riiu tr115tees Iwho ar¢ also th¢ dii ecloi's of the Chai'ity foi. Ili¢ pui'poses of ¢oinp4ny law) arb I'csponsible foi. pi'eplli'iiig? Ili¢ 'rrustc¢s' Ann(Iiil Report and the fiiiancial slatenients iii accoi'dance with applicabl¢ law nd Llniled Kingdoni AcLoiiiIIiii¥ Siandai'ds IUI)iled Kingdom (Jenerally A¢¢epled A¢¢ounlin¥ Pi'aclicc). Conip8iiy law rcqvire5 Ilie trLISle¢5 to prcparc fiii&n¥i41 st#tciii¢iils for each financinl year whicli give a Inie aiid f#ir view of ili¢ stat¢ of iil'lliirs of IIIL Gharitablc L(Iniiiany )nd i)I' ils incoiniiiu rcsourLes ¢iiid uppl ication of r¢soiii'ccs, iii¢liidi1i8 ils iI)COlll¢ lind exi)ellLliturL, fvr that perio(l. In prcparinbi tliese liiiaii¢il slalemeiils. Ilie IrLi4lI'es dl'¥ I'eqLiirLd io.. ¥el¥c'l s11ilttbl¢ thL¥()Iiiiliiig Policies and Ihen apply ihen) consi%lci)Ily; (>bsei'v¢ tlie Ineiliods lind priiiciples in the (;harilie.s SOIIII, Indk¥ jLidgem#iits and c51imnies Il)¢il arc rca.ionablc and pi-udeiit., stile wlicil)er iippliLohlL I IK Accolllltiiib SIHI)dard8 IIAVL l)c¢ii IDllowc(I, $ubj¥¢l lo aiiy Tnuli'.I'inl dvphthres di.s¢loicd aiid ¢xpl&iiied in Ilic fiiittnuiHI yl¥lement8', arid prepare Ilic fiiiuiiLiHI slalcinLiir5 on Ihc bVUilib) Gonc¢rii ba.%is iiiiless il Is iiiappri)priale to pi'L'sume thal tlie Lhdrilahle ¢Oll)Poiiy will Luiiliiiue iii npcr#titsii. I'hL Ii'u8l¢¢s ol'c fLS1I(In.qilil¢ For k¢cping propcr accounliiig I bLI)rd% Ilidl di.SLlo4e willi I'LaionahlL dLLiiraLy al aiiy tilllL IIIL Iiiiaiiuial posiliuii nf Ihe Llidl'ity and LiiablL Ilieii) 10 LiisiJi'¥ Ilillt Ilic liiiuiici&l statements comply willi IIiL l.f)Inpaiiittq Acl 2006, TIILY ai'L also respunsible for yafL&>uarding tlie #ssel4 af the Lhariiable compÉll)y aiid IIL'nce for iaking rL¥sniiuhl¢ steps for Ilie prevciitioii fii)d del¥¢liLlli ol. fTuud lln(i ()Ih¥•r ii'r¢siilai'ilics, mall coinplliiy provisions I'hi% repnrt has beLii prepared iii uLcDrili¥ rice with Ilie spe¢i£11 pi'ovisioiis lor sinall ¥oinpa111¢5 uiid¥r Parl 415A i)f the C.'omp*tnie.% Ail 211116. On behalf of the board --A-c16lJ Aj il Singli Kliei'a Cha ii. l Trii8te¢ 2 JLily 2024 l?#ge 3
The Péqnjahi Ceiitre Limited (A conipiinv limltcd l)y %uai'antee) IndcpcndLii)t examiner's report to the trustees on tl)e u i)audilLcI fiiiJnciql statcmeii t.$ of Tli e Pdii.jalTri C',en I rL. l iiiniteil, riol. the year ende(131 reh 2024 I rLporl 10 the L'111¢ rilv tru%lees (Trii Iny cxaniiiiolioii of tl)c aGLounts of Tl)e Pniijabi Ccntre Liniilc(I li?I' IIIL yLar eiidcd .1 I MttrLI) 21124. wliiLh arc %cl oiil i)11 PslUFCS 2 10 11. Responsil)ililie$ #n(1 b#si% of report As lh¢ Lliui'ity'5 Ir(Islc¢s of the cni)Ipaiiy land &lsn ils (lii'eclurs fc?I' thc piii'pi>s¢5 nfL(?lI)InylNwj >oii Are I'espoiiiible fi)I' tlic prepoi'1¢ lioii ol'ih¢ JLLounls iii accorditiic¢ with the i-¥qLIII'Lnieiii$ ot'ihe Conipai)ies Acl 211116 ('Ihc IOIIG A¥l'). Having sa115fi¢d mysell. Ili(Il IhL ¢iL¢oiiiils ol'ilie ii?i)Ipaiiy not I'L4LiirLd lo be illl(lil¥d uiidir Part 16 of tlie 2006 Acl aiid dl'e eligible far indcp¢ndenl ex4ininalioii, I repL)It iii r¢iiiect c) I. Iiiy ex#i)iiiialion (If yOLir clidrily's aeLouiils 1S Ciirricd r)ii'e¢lioiis Li IVLn l)y Ilic, C.l)ai'ily Loinimissinii Iind¢i' scclioii 1451.Sllh) ()I' Ihc 201 l Acl. I ndepenil¥nt Lx#miiicr',s reiii)rt eYuininalii)11 kiivink7 iiie caLlbL tu believe., LLI)uiili1i r¥GI)rds wcic i)nl kei)r iii IE81)ect nt. Ilie coiiipaiiy ag I'L(Iiiii'cII l)y ieLlinn .3X() ol. Ilic 21111() Ai'.1; or tI)L HL¢uiJiils do Iiol ab¥ord wirh Ihnsc Aicniiiiliii¥ I'eLLjI'ds'. or I'L411iI'ciiieiit Ilial the 1c¢niinis give a 'lrii¢ Hnd luir, VlLi¥ whiLh 1% n()1 d Inatter cnn.¥i(l#rkn(l ab pail 111 Il. Ili¢ Ii¢¥ounts Iiwv¢ iiot boeri prLpMrL,d in ¢llCL)I'daiiiL willi Ilie niLihi)ds urid pi'incii)les i)I'ilie Siiil¥inLnl i)I' RLcoinmLndLd pr8cti¢e lor 4ccoiintiii&i and I'¢P0111rnLF by ch<?rilies14pplicllblL to ch&i'ilie.$ pi'cpai'iiig Ihcir accniiiils in tl¥Loi'duiiLÈ willi IIIL l.-indll¢idl Reklvl'linu %i&nd411'd uppliiJbl¢ iii Ih¢, IJK diid I<LpuliliG ol. IrL]lI IfRS IU2)1. liuve nrj con¢¢ms iin(I Ii#ve ¢()Ine a¢i'i)58 no ui11LI' miilt¢'i* iii i(11)IILtyIi()ii with the ¢xiiiniiiiili(In Iij wliich <illeiilioii slic)Iild be cli'jivn iii thi.% rci)nrt in ordLr lu ciiablLi 11 prnipbr IinilLrsliiiidinkTr i)I'ihe aCL(Iiiiils lo b¢ Il'oched. A li ilu,5.1' Arvj LLVY 'i- ljariiiei's 1,iii)ilcd C.harlLrLd AL¥uiinlonts Western AvBniie W5 3RA Dale.. 2 July 2024
The Panjabl Centre Limited (A compaiiy limited by guarantcc) Staternent of financial 2clivities (incorporating the income and expenditure account) For Ihe year ended 31 March 2024 Unrestricted fiinds 2Q24 TotAI 2023 Nutes Ineoniing re8oufcLS Ii)cnniiiig I'Lsourccs froiii gen¢rotin& fuiid5: Voluiilary iiicome Activili¢s lor gen¥rHling fiiiid5 Invesiinenl 11)Lom¢ -32,-1411 78.11 l i 7,672 32,34U 711,Xl.5 21.8()I 'I'otal Incnmlng resfiurLey Re8ourLc8 expcndL'd 176,-$82 17(1,511? l ().5,47.1 Total resourLe& cxpended 176,.$82 17CI.)X2 l (J.i,477 NLt 5ncnm Ingl(i)utgoing) resouree$ for the year I Net IiiL()meJ(Lxpendltur¢) for Ihv year {57:75.%) 1fj7,7.$51 l ?1),474) I"c)t&l tiiiid¥ brou¥lil forward 7.1 229,?7. 2.%S,?..I() Tot41 carrled forward 171,120 The notes on p&ges 8 to 13 form integr81 pnrt of th¢se finAneifil statements. Pages
The Panj#bi Centre Limited (A Company limit¢d by guarantee) BalaiicL' sheet As at 31 March 2024 2024 2023 Notes Fixed asset$ TanBiblc assels Current agsets Debtors c.asli at baiik aiid in liw)d 26,474 11,387 12 23,322 315,585 37,598 374,739 338,907 412,337 Credltors; llmounts fHlling due wltliln oiie yenr 13 (193,8611 1194,449) Net Lurrent assets 145,0116 217.888 Net 118%Lts 171,52ll 22().275 14 Ilnre.%trict¢d iiicome funds 171,.52Q ?29,27.S Total lui)ds 171,-i2U ??.y ?75 The Bo19noe Sh¢el ¥onlinii¢¥ on th¢ follnwinb, pA¥e. The notes oil pages 8 to 13 form an integr*l parl of the$0 finAnciHI slfitements. Page 6
The Panjabi Centre Limited (A company IlinitLd by guai'Antee) Balance sheet (contiiiued) Triiste¢s statemcnts reqiiired by the CompJniL¥ ALt 2006 For thL' year cnded 31 Marcli 2024 Iii approviiig ihesL fiiiai)cial sliteTn¢nls ds Ii'ustee5 01. the eonip£iliy w¢ hereby confiiTh'. L'a) Ilial for the year Sl&tLd above tlie compiilly was ciiliilcd to the ex¢niplion conferred by seclioii 477 of11)c Comp11 nies Act 2006, (b) tliat no iioliee has beet) deposited al the re¥islered offiLe of Il)e coinpaiiy pur5uanl to Seclioi) 476 01. tlie Coi)Ipanies Ail 21111(I re4iiestiiigi ihal ali audit lic 601i(IiiLlcd for Ilic ycar ciided 31 M1¢ I'ili 2024. (c) Iliat w¢ ackiio¥vledg¢ our respoiisibililies for.. ( l ) Li)surii)¥ Ilial Ihc company k¢Lp% pioper accountii)g recards wliiLh Lumply witli ,%ealioii 3 86 of tliL C'ompfinies Act 2006. aiid I IriiL Éiiid fair view of tlie .4liltL uf iiffair5 of IliL Loinpaiiy li& al IhL Liid or th¢ tii)Iincial year nnd ot. 115 protil or In&s for Ilie ye<?1 Ilien ciidLII in accordaiiLe with the I'e,qiii1'cnieiil.s nl'.4cLlions 3114 #nd .39.5, oiid wliicli othcrwi5L coniply with thc provisions c)f tl)e I'.'(Iiiip8nici ALt rclaling to tin8nLial 8latenients, so flir Is appliLAhlL to tlir Lonipuny. I'liese linonuial 5tatLm2nl.s re pi'epared in accL)i'dunLe with Ilie ,%pccial provi,¥ian.% Dr I'iirt 15 111. the CoinpnniLS ALI 20116 I'clllling i() tsmall 61)mpaiiies. The fiiiaiicial tylutLiiienls wei'e appruvcd by lh¥ hnurd on 2 JLily 2024 aiid sigiied oli its LILhiilf l)y Allt Sliigli Kher Clixlr l Tru$tee The notes on pages 8 to 13 form An integral parl of these finHncial sta lements.
Tlie Panjiibi LLntrL Limited
(A Lompaiiy limit¢d by guarantee)
N vtL'S to th¢ I'inan Liul statLmeiit
i. thc year eii(l Ld 31]%qarcli 2024
AccountinR polleles
Tlitt pi-invipal ÈicLoiiiilii)g policies al'c summai'iscd bclow. TIIL ¢l¢COllllfing poliL'ies Iiave bL¢i) applic(l ¢onsislenily
IIIi'oLighoul Ilie yedr aiid IhL' preLediiiu yeilr.
1,1. Ba51$ ol'a¢LUUlltiiig
'hL finarieial %liii¥iiienlb Pl'epai'ed iii aLCI)rdib nve will) FIility is ii)curred. ExiiLiidiliii'e incliides any VAT which
¢¢iniiol be liilly I'ecoiici'cd, aiid is I'¢pui'l¥il cl% part vf Ili¢ LXP¢lI(lilLii'c lo ivliilli il Telc11rs.
Cosls of ge1)¥rtill8 fiinds con)prise Ihc co.lts £1$80cIAlcd with 4i11i.acling volLiiIIAly iiicnrrie (Ind Ihc Lnst8 of Ii'adii)g
foi. fvndiBising i)u1'POS¥s in¢ludin¥ Ihc ¢liai'ity's .%liop.
Clilli'ilablc expendilur¥ ¥ornpi'i%¢b (hu4¥ Lulls inLuii'Ld by 1S1¥ Lhiii-ily iii die delivery uf 115 HLliviti¢s sci'viL¥s
foi. ils heiieficiai'ies, li iii¥ludvs buili Ll)&15 Ilial ¢dll b¢ dlloLaled direLily li) IiiLh eliv111e hnd those ¢ilbls of illl
indirect 11111111'e. nece8sai'y l(? siippoil 1lie.iii.
Siippoit Costs are Ilio%e iOSt5 incurred dii'ecily iii siipport of expeiidillire oli Il)# ()bjecli of Il)e cl)ai'ity ¢ind iiicliid¢
pi'oj¢cl niaiiagcmciil.
R¢se#rLh Ilevclui?m oiit
ResearGh expellditure 1.% ivrilleii offio Ilie profit 4111d1055 accounl iii Ilie yeai. iii which il is inLiirrLd.
I'age 8
TIIL. PanjAbi Centre Limited (A L'ompany liinited by %uai'aiitee) Notes lo the financial statements For tlie year ended 31 M&rLh 2024 T4n%ible fixLd dssets ¥ nd dLprLciiilion Tangibl¢ fixed &SCts al'e stated at cost l¢ss acciiniiili( ted deprcciation. DepreLiii lion is provid¢(l at riiles c4lLulalL(I lo wi'ile off IhL C05t. less rcsidual valuc of cacli d%sel vver irs exp¢LILd Ub¢fLII lifL, a.s f(Jlluws.' Planl aii(I Inachiiiery 20 /& redu¢ii)g h16 lai)ee basis 1.6. Define(I coiitrlbutlon ponslon sehcn)es Thtt p¢'nsion costs charged in Ili¢ fiiiancial .8latemen15 represent the contribiition payable by the charity during (he Cining Liinc¢rn Tli¢ finaiicial slaleiiicii15118ve bcen prepared oil Il)c asiuiiiplion Ihal (he cliarity is able lo ¥ari? oli L)usin¢55 115 44 80inp. Loii¢¥i'n, wliiuli Ili¥ ti'iisl¢¢s ¢onsider tll?PlOI)I'i#tL liave.in8 regai'd 10 Ilie cir¢iimstancc5. Volvnt¥ ry InLI)mc Ilnre¥lricteil riind¥ 2(i24 2n23 Dunftiiot)s i) 1.111 2.1,8()3 .3? .4iln ActIviti for &yciier4tln&r fuiid5 Ilnrestricted funds 2024 Totnl 2U23 Tntnl Adv¢rribll)g sules 7X,%15 78,815 711,81_5 Investment ineome IlnreslriLted funds 2014 TolHI 2Q23 Tot41 Income fi'oin UK inv¢slineiil 7.()72 7.67?. 2,6(1() P¥¥e 9
Tlie Panjabi Centre Limittil (A company limited l)y gii#rAntee) Notes to the financial stAtements Foi. the year ended 31 Mareli 2024 Costs of churltabl¢ activilics - by fund type Unrestricted fujids 2Q24 Tolal 2023 Tnlal Wagei & 8alari¢5 Inploy¥r's NIL Activity2 - %uppurt . - PLn&iDlI co%Is SlaffwLlfare Reiil aiid r¢11L.S Light & heal Repoii. & muint¢iiaiic¢ Iii.%uranLL (-'Icaniiig Geneixl ¢xp¢iis¢ Eiil¢rl#iiim¢iil ¢xp¢nse Accnuiilanly Legyal and profLssionttl l-clephunL lJriiilinb> P()slugc aiiii slalioiiery l4unk Ll)Irgye.s 73,7$2 1.412 2,088 4?5 16,074 11,83.3 371 1,2.31 989 1,602 4?3 1,770 2,022 761 628 73,752 1,412 2.088 425 16,074 11,83.3 69,1 ()0 1,102 ?,0211 140 1.2.11 989 1,602 2,472 117 30n 1,720 26b 293 .$14 R7 3,619 2,847 797 sK,I()I 1,770 2,U22 761 62X 16Y 2.6f>3 6,618 2,7()2 2,66.3 6,618 2,792 Activity2 Support - DepreLiation & iiiipairiii¥iit C.'usl ol. luiid r4isii)g Traiismission ¢osls 1711,882 176,5¥2 Ifif.47? Cts of climriiablc activlties - by #ctlvlty Suppoi't costs 2(124 TolHI 2023 c.ost of fiJii(I I'aising Transmissioi) costs 1 ?7,(12-: 107,282 176,5212 176,$82 165,473 PAgoin
The Paiijabi CentrL Limited (A conipany limitLd by guai'aiitee) NotL'y to the finaiicial statements Foi. the year en(led 31 Marcli 2024 Net outgoliig I'esnurce5 for Ili¢ year 2&24 2023 Nel oli1c)ing I'e8Diirces is .slaled i( fter ¢hargiii%'. l)¢pr¢Lialioii #nd oil)ei' amounts writtei) ol'l'idl)gibl¥ fix¢d d5sel8 Ci,(IlX 2,847 I mploycLS Employment CO,gts 2024 2U2J 7.'1,752 %oLiuI .s¢¢urily Losls, E)ensinn co.its' tlier ii)blS 2,nx 425 2,11211 140 77,677 72.4.3 N(1 ¢inpluy¢L reLLivi¢J einiilunienls of iiiuri Iliiin L611,OOa {202.3 Nui)el. Number of emi)luyee. full lim¢. equivuleiils, WHS as I11W.%.. 2n24 2112J Pensii>n costs Tlie LOlllI)aiiy uperalLs d deliiied cDiili'ibulii)ii p¢nsiTrn 8¢liLme iii r¥spccl Df the Lmpli)yee.%. Tli¢ scheme and il,$ I SS¢ts are hold by iiidepLiid¢nt mana8grs. Tlie pci)siDii Ghai'gL rLprL's¢ii15 GuiilI'ibulion5 duc froin the cr)Inpaiiy iiiid was ng follow5.. 21124 ZQ2.1 PL115iUlI Lh&i'gL 2.OR 10. Taxmtion The Lh8rity'5 activities fall williin Ilie ¢xei)Iptions affoi'dcd by the provisi<)ns of Ilie Seblioii 478 01. l.lie (.'.orporati(Jii 'l'Ax Act 2010. Accordingly. Ilier¢ is 11(Tr IAxatii)ii charge iii Ihtt8e OCLOlllIt%. Vx%¢ll
The Paiijuhi Centre Llmited (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2024 Tangible fixed asset5 PIAnt niocliinery Total Cost Ai l April 20?3 Additiiinb 17,2JU 21711f At 31 March 2D24 li¥.91i 138.935 Depreclatlon At l April 2023 Cliarge for Ilie year At .3 I MuToh 2024 11?.461 Iyet book valuc.¥ At 31 Mar¥li 2024 2f).4 111 2(Tr,474 Ai 31 Mai'rh 2023 11.387 11,-I117 12. Debtor 2024 21123 Trade debtors oih¢i' debtors 11),547 -1,775 37..St}8 13. Crcdltors: omount5 falllng due wlthln year 21124 2023 Trade Lrcdilors Amoiiiil's owed to uoiip Iiiid¢rtRkiiigs Other tax¢s and $o¥ial 5¢Gurily Oiher creiJilor5 Accruals and deferred income !,844 7.206 7,447 5,541 177.412 17.5,78. PAge 12
The Panjabi Centre Limited (A company liniited by guarantee) Notes to the linancial statements Frjr the yeai. ended 31 MarLh 2024 14. Analy.gls of net #ssLts betivecn funds Uiircsli'iet¢d fuDds Tutnl fund und halanL¢S at 31 MurLh 2024 us reprLseJ]tVLI by.. TaiiLFible tixed assets Curr¢nt asststs Cun'e111 Sifibilities 26.47 171,5?Q 15, U ni'ostrlcted funds At l Api'il ITILoniiii% out0111 2023 rUl1rcL5 rL5uur¢es At 31 M8rLII 2024 2 )11,17.1 16. Compnny IlmltLd by gunrantee The P&njabi Ceiitr¢ Liniiled is o ¢ompiny lin)ilcd by gu&rai)tee and aL¢ordin8ly does Iiol liave a $hJrc Cslpilal. F.very mcmber of th¢ ¢onipony Liiidcitakcs in conlributc such Amuunl tsy may hr requir¢d not ¢x¢Leding £ I lo th¢ assets ot. the charitable ¢oinp&iiy in th¢ event ol. its beiiigi wnuiid lip while he or sl)e is ll niember, or wiiliiii one ye#r After he or sh¢ L¢ase$ l() b¢ a member, P4ge 13
Charity nunlber: 1065434 Compllny numbor., 3387854 The Panjiibi Cent7"e Limited (A conipany limited by guai'antee) TrustL'L'S' report and finaiicial statemLlIts fror the yeai. L'ndLd 31 March 21124
Tlie Paiijabi CLntrc LiniitLd (A cniiipai)y liini ted by guiirantce) Contents For tlic ycar L'ndLd 3 l Maj'cli 21)24 Pmgc I,¢bTiil and iidniinistralivL inlornialioii '1 I'iislccb, I'eport Iiidcpuiideiil CX1imiii¢i'.%' rcporl 8- IJ
The Panjabi Centre Limited (A company limited by guarantee) Legal and adminlstrative information For the year ended 31 March 2024 Charity number 1065534 Company reglstration number 3387854 Registered office 30 Susyex Road Souihall Middle¥ex UB2 SEG Trustees Amarjit Kaur Khera (Chair) Jain Sidhu Benjamin Jame8 S¢hofield (Treasurer) Kulvant Singh Manjinder Singh Chahal Ajit Singyh Khera Ja%vir Singh (Appointed) (Appointed) Secretary mr Jain Sidhu Independent examiner Arvind Jo.8hi Lcvy i. Partners Limited Chartered Accountant8 7-8 Ritz Parade Western Avenue London W5 3RA Bv4nkers CAfBank 25 Kings Hill West Mailing Kent ME19 4JQ Page I
The Piiiijlll)i Centi'e Liniitcd
(A Lomi)dny liinited by gu4qrantee)
Ilei)ort of the IrusteL'% (inLurpor4ltinL? tIIL' cl i reetor$' rL'port)
Foi. the ye421' iinded 31 Mai'Lh 2024
Iso dirLLlors of Tlie ljdnjdbi C¢iilr¢ Lii)iiled lor Ilie i)iiri)u.%¢i of o()IYP¢iny ljw and whu s#i'v¢d diiriiigi IIIL )'LÉli anil lip lo
Ili¢ diJL¢ ot this r¥port al'e qel out (Iii pag¥
I'l)e Ii'u8tees Ii&ive adoplLd Ilic 5?1'nviqiDii.4 nl. Accoiiiiliiig aiid l<ei)ni'liiig l)y l_'.11
I'he Panjabi Centre Limited (A company limited l)y guarantee) Report ot. tlie triistees (inLOI'por#ting the directors, i'eijort) For tlie year endeil 31 MarLh 2024 .Statement of triistees, rL5ponsibilitie.$ -riiu tr115tees Iwho ar¢ also th¢ dii ecloi's of the Chai'ity foi. Ili¢ pui'poses of ¢oinp4ny law) arb I'csponsible foi. pi'eplli'iiig? Ili¢ 'rrustc¢s' Ann(Iiil Report and the fiiiancial slatenients iii accoi'dance with applicabl¢ law nd Llniled Kingdoni AcLoiiiIIiii¥ Siandai'ds IUI)iled Kingdom (Jenerally A¢¢epled A¢¢ounlin¥ Pi'aclicc). Conip8iiy law rcqvire5 Ilie trLISle¢5 to prcparc fiii&n¥i41 st#tciii¢iils for each financinl year whicli give a Inie aiid f#ir view of ili¢ stat¢ of iil'lliirs of IIIL Gharitablc L(Iniiiany )nd i)I' ils incoiniiiu rcsourLes ¢iiid uppl ication of r¢soiii'ccs, iii¢liidi1i8 ils iI)COlll¢ lind exi)ellLliturL, fvr that perio(l. In prcparinbi tliese liiiaii¢il slalemeiils. Ilie IrLi4lI'es dl'¥ I'eqLiirLd io.. ¥el¥c'l s11ilttbl¢ thL¥()Iiiiliiig Policies and Ihen apply ihen) consi%lci)Ily; (>bsei'v¢ tlie Ineiliods lind priiiciples in the (;harilie.s SOIIII, Indk¥ jLidgem#iits and c51imnies Il)¢il arc rca.ionablc and pi-udeiit., stile wlicil)er iippliLohlL I IK Accolllltiiib SIHI)dard8 IIAVL l)c¢ii IDllowc(I, $ubj¥¢l lo aiiy Tnuli'.I'inl dvphthres di.s¢loicd aiid ¢xpl&iiied in Ilic fiiittnuiHI yl¥lement8', arid prepare Ilic fiiiuiiLiHI slalcinLiir5 on Ihc bVUilib) Gonc¢rii ba.%is iiiiless il Is iiiappri)priale to pi'L'sume thal tlie Lhdrilahle ¢Oll)Poiiy will Luiiliiiue iii npcr#titsii. I'hL Ii'u8l¢¢s ol'c fLS1I(In.qilil¢ For k¢cping propcr accounliiig I bLI)rd% Ilidl di.SLlo4e willi I'LaionahlL dLLiiraLy al aiiy tilllL IIIL Iiiiaiiuial posiliuii nf Ihe Llidl'ity and LiiablL Ilieii) 10 LiisiJi'¥ Ilillt Ilic liiiuiici&l statements comply willi IIiL l.f)Inpaiiittq Acl 2006, TIILY ai'L also respunsible for yafL&>uarding tlie #ssel4 af the Lhariiable compÉll)y aiid IIL'nce for iaking rL¥sniiuhl¢ steps for Ilie prevciitioii fii)d del¥¢liLlli ol. fTuud lln(i ()Ih¥•r ii'r¢siilai'ilics, mall coinplliiy provisions I'hi% repnrt has beLii prepared iii uLcDrili¥ rice with Ilie spe¢i£11 pi'ovisioiis lor sinall ¥oinpa111¢5 uiid¥r Parl 415A i)f the C.'omp*tnie.% Ail 211116. On behalf of the board --A-c16lJ Aj il Singli Kliei'a Cha ii. l Trii8te¢ 2 JLily 2024 l?#ge 3
The Péqnjahi Ceiitre Limited (A conipiinv limltcd l)y %uai'antee) IndcpcndLii)t examiner's report to the trustees on tl)e u i)audilLcI fiiiJnciql statcmeii t.$ of Tli e Pdii.jalTri C',en I rL. l iiiniteil, riol. the year ende(131 reh 2024 I rLporl 10 the L'111¢ rilv tru%lees (Trii Iny cxaniiiiolioii of tl)c aGLounts of Tl)e Pniijabi Ccntre Liniilc(I li?I' IIIL yLar eiidcd .1 I MttrLI) 21124. wliiLh arc %cl oiil i)11 PslUFCS 2 10 11. Responsil)ililie$ #n(1 b#si% of report As lh¢ Lliui'ity'5 Ir(Islc¢s of the cni)Ipaiiy land &lsn ils (lii'eclurs fc?I' thc piii'pi>s¢5 nfL(?lI)InylNwj >oii Are I'espoiiiible fi)I' tlic prepoi'1¢ lioii ol'ih¢ JLLounls iii accorditiic¢ with the i-¥qLIII'Lnieiii$ ot'ihe Conipai)ies Acl 211116 ('Ihc IOIIG A¥l'). Having sa115fi¢d mysell. Ili(Il IhL ¢iL¢oiiiils ol'ilie ii?i)Ipaiiy not I'L4LiirLd lo be illl(lil¥d uiidir Part 16 of tlie 2006 Acl aiid dl'e eligible far indcp¢ndenl ex4ininalioii, I repL)It iii r¢iiiect c) I. Iiiy ex#i)iiiialion (If yOLir clidrily's aeLouiils 1S Ciirricd r)ii'e¢lioiis Li IVLn l)y Ilic, C.l)ai'ily Loinimissinii Iind¢i' scclioii 1451.Sllh) ()I' Ihc 201 l Acl. I ndepenil¥nt Lx#miiicr',s reiii)rt eYuininalii)11 kiivink7 iiie caLlbL tu believe., LLI)uiili1i r¥GI)rds wcic i)nl kei)r iii IE81)ect nt. Ilie coiiipaiiy ag I'L(Iiiii'cII l)y ieLlinn .3X() ol. Ilic 21111() Ai'.1; or tI)L HL¢uiJiils do Iiol ab¥ord wirh Ihnsc Aicniiiiliii¥ I'eLLjI'ds'. or I'L411iI'ciiieiit Ilial the 1c¢niinis give a 'lrii¢ Hnd luir, VlLi¥ whiLh 1% n()1 d Inatter cnn.¥i(l#rkn(l ab pail 111 Il. Ili¢ Ii¢¥ounts Iiwv¢ iiot boeri prLpMrL,d in ¢llCL)I'daiiiL willi Ilie niLihi)ds urid pi'incii)les i)I'ilie Siiil¥inLnl i)I' RLcoinmLndLd pr8cti¢e lor 4ccoiintiii&i and I'¢P0111rnLF by ch<?rilies14pplicllblL to ch&i'ilie.$ pi'cpai'iiig Ihcir accniiiils in tl¥Loi'duiiLÈ willi IIIL l.-indll¢idl Reklvl'linu %i&nd411'd uppliiJbl¢ iii Ih¢, IJK diid I<LpuliliG ol. IrL]lI IfRS IU2)1. liuve nrj con¢¢ms iin(I Ii#ve ¢()Ine a¢i'i)58 no ui11LI' miilt¢'i* iii i(11)IILtyIi()ii with the ¢xiiiniiiiili(In Iij wliich <illeiilioii slic)Iild be cli'jivn iii thi.% rci)nrt in ordLr lu ciiablLi 11 prnipbr IinilLrsliiiidinkTr i)I'ihe aCL(Iiiiils lo b¢ Il'oched. A li ilu,5.1' Arvj LLVY 'i- ljariiiei's 1,iii)ilcd C.harlLrLd AL¥uiinlonts Western AvBniie W5 3RA Dale.. 2 July 2024
The Panjabl Centre Limited (A compaiiy limited by guarantcc) Staternent of financial 2clivities (incorporating the income and expenditure account) For Ihe year ended 31 March 2024 Unrestricted fiinds 2Q24 TotAI 2023 Nutes Ineoniing re8oufcLS Ii)cnniiiig I'Lsourccs froiii gen¢rotin& fuiid5: Voluiilary iiicome Activili¢s lor gen¥rHling fiiiid5 Invesiinenl 11)Lom¢ -32,-1411 78.11 l i 7,672 32,34U 711,Xl.5 21.8()I 'I'otal Incnmlng resfiurLey Re8ourLc8 expcndL'd 176,-$82 17(1,511? l ().5,47.1 Total resourLe& cxpended 176,.$82 17CI.)X2 l (J.i,477 NLt 5ncnm Ingl(i)utgoing) resouree$ for the year I Net IiiL()meJ(Lxpendltur¢) for Ihv year {57:75.%) 1fj7,7.$51 l ?1),474) I"c)t&l tiiiid¥ brou¥lil forward 7.1 229,?7. 2.%S,?..I() Tot41 carrled forward 171,120 The notes on p&ges 8 to 13 form integr81 pnrt of th¢se finAneifil statements. Pages
The Panj#bi Centre Limited (A Company limit¢d by guarantee) BalaiicL' sheet As at 31 March 2024 2024 2023 Notes Fixed asset$ TanBiblc assels Current agsets Debtors c.asli at baiik aiid in liw)d 26,474 11,387 12 23,322 315,585 37,598 374,739 338,907 412,337 Credltors; llmounts fHlling due wltliln oiie yenr 13 (193,8611 1194,449) Net Lurrent assets 145,0116 217.888 Net 118%Lts 171,52ll 22().275 14 Ilnre.%trict¢d iiicome funds 171,.52Q ?29,27.S Total lui)ds 171,-i2U ??.y ?75 The Bo19noe Sh¢el ¥onlinii¢¥ on th¢ follnwinb, pA¥e. The notes oil pages 8 to 13 form an integr*l parl of the$0 finAnciHI slfitements. Page 6
The Panjabi Centre Limited (A company IlinitLd by guai'Antee) Balance sheet (contiiiued) Triiste¢s statemcnts reqiiired by the CompJniL¥ ALt 2006 For thL' year cnded 31 Marcli 2024 Iii approviiig ihesL fiiiai)cial sliteTn¢nls ds Ii'ustee5 01. the eonip£iliy w¢ hereby confiiTh'. L'a) Ilial for the year Sl&tLd above tlie compiilly was ciiliilcd to the ex¢niplion conferred by seclioii 477 of11)c Comp11 nies Act 2006, (b) tliat no iioliee has beet) deposited al the re¥islered offiLe of Il)e coinpaiiy pur5uanl to Seclioi) 476 01. tlie Coi)Ipanies Ail 21111(I re4iiestiiigi ihal ali audit lic 601i(IiiLlcd for Ilic ycar ciided 31 M1¢ I'ili 2024. (c) Iliat w¢ ackiio¥vledg¢ our respoiisibililies for.. ( l ) Li)surii)¥ Ilial Ihc company k¢Lp% pioper accountii)g recards wliiLh Lumply witli ,%ealioii 3 86 of tliL C'ompfinies Act 2006. aiid I IriiL Éiiid fair view of tlie .4liltL uf iiffair5 of IliL Loinpaiiy li& al IhL Liid or th¢ tii)Iincial year nnd ot. 115 protil or In&s for Ilie ye<?1 Ilien ciidLII in accordaiiLe with the I'e,qiii1'cnieiil.s nl'.4cLlions 3114 #nd .39.5, oiid wliicli othcrwi5L coniply with thc provisions c)f tl)e I'.'(Iiiip8nici ALt rclaling to tin8nLial 8latenients, so flir Is appliLAhlL to tlir Lonipuny. I'liese linonuial 5tatLm2nl.s re pi'epared in accL)i'dunLe with Ilie ,%pccial provi,¥ian.% Dr I'iirt 15 111. the CoinpnniLS ALI 20116 I'clllling i() tsmall 61)mpaiiies. The fiiiaiicial tylutLiiienls wei'e appruvcd by lh¥ hnurd on 2 JLily 2024 aiid sigiied oli its LILhiilf l)y Allt Sliigli Kher Clixlr l Tru$tee The notes on pages 8 to 13 form An integral parl of these finHncial sta lements.
Tlie Panjiibi LLntrL Limited
(A Lompaiiy limit¢d by guarantee)
N vtL'S to th¢ I'inan Liul statLmeiit
i. thc year eii(l Ld 31]%qarcli 2024
AccountinR polleles
Tlitt pi-invipal ÈicLoiiiilii)g policies al'c summai'iscd bclow. TIIL ¢l¢COllllfing poliL'ies Iiave bL¢i) applic(l ¢onsislenily
IIIi'oLighoul Ilie yedr aiid IhL' preLediiiu yeilr.
1,1. Ba51$ ol'a¢LUUlltiiig
'hL finarieial %liii¥iiienlb Pl'epai'ed iii aLCI)rdib nve will) FIility is ii)curred. ExiiLiidiliii'e incliides any VAT which
¢¢iniiol be liilly I'ecoiici'cd, aiid is I'¢pui'l¥il cl% part vf Ili¢ LXP¢lI(lilLii'c lo ivliilli il Telc11rs.
Cosls of ge1)¥rtill8 fiinds con)prise Ihc co.lts £1$80cIAlcd with 4i11i.acling volLiiIIAly iiicnrrie (Ind Ihc Lnst8 of Ii'adii)g
foi. fvndiBising i)u1'POS¥s in¢ludin¥ Ihc ¢liai'ity's .%liop.
Clilli'ilablc expendilur¥ ¥ornpi'i%¢b (hu4¥ Lulls inLuii'Ld by 1S1¥ Lhiii-ily iii die delivery uf 115 HLliviti¢s sci'viL¥s
foi. ils heiieficiai'ies, li iii¥ludvs buili Ll)&15 Ilial ¢dll b¢ dlloLaled direLily li) IiiLh eliv111e hnd those ¢ilbls of illl
indirect 11111111'e. nece8sai'y l(? siippoil 1lie.iii.
Siippoit Costs are Ilio%e iOSt5 incurred dii'ecily iii siipport of expeiidillire oli Il)# ()bjecli of Il)e cl)ai'ity ¢ind iiicliid¢
pi'oj¢cl niaiiagcmciil.
R¢se#rLh Ilevclui?m oiit
ResearGh expellditure 1.% ivrilleii offio Ilie profit 4111d1055 accounl iii Ilie yeai. iii which il is inLiirrLd.
I'age 8
TIIL. PanjAbi Centre Limited (A L'ompany liinited by %uai'aiitee) Notes lo the financial statements For tlie year ended 31 M&rLh 2024 T4n%ible fixLd dssets ¥ nd dLprLciiilion Tangibl¢ fixed &SCts al'e stated at cost l¢ss acciiniiili( ted deprcciation. DepreLiii lion is provid¢(l at riiles c4lLulalL(I lo wi'ile off IhL C05t. less rcsidual valuc of cacli d%sel vver irs exp¢LILd Ub¢fLII lifL, a.s f(Jlluws.' Planl aii(I Inachiiiery 20 /& redu¢ii)g h16 lai)ee basis 1.6. Define(I coiitrlbutlon ponslon sehcn)es Thtt p¢'nsion costs charged in Ili¢ fiiiancial .8latemen15 represent the contribiition payable by the charity during (he Cining Liinc¢rn Tli¢ finaiicial slaleiiicii15118ve bcen prepared oil Il)c asiuiiiplion Ihal (he cliarity is able lo ¥ari? oli L)usin¢55 115 44 80inp. Loii¢¥i'n, wliiuli Ili¥ ti'iisl¢¢s ¢onsider tll?PlOI)I'i#tL liave.in8 regai'd 10 Ilie cir¢iimstancc5. Volvnt¥ ry InLI)mc Ilnre¥lricteil riind¥ 2(i24 2n23 Dunftiiot)s i) 1.111 2.1,8()3 .3? .4iln ActIviti for &yciier4tln&r fuiid5 Ilnrestricted funds 2024 Totnl 2U23 Tntnl Adv¢rribll)g sules 7X,%15 78,815 711,81_5 Investment ineome IlnreslriLted funds 2014 TolHI 2Q23 Tot41 Income fi'oin UK inv¢slineiil 7.()72 7.67?. 2,6(1() P¥¥e 9
Tlie Panjabi Centre Limittil (A company limited l)y gii#rAntee) Notes to the financial stAtements Foi. the year ended 31 Mareli 2024 Costs of churltabl¢ activilics - by fund type Unrestricted fujids 2Q24 Tolal 2023 Tnlal Wagei & 8alari¢5 Inploy¥r's NIL Activity2 - %uppurt . - PLn&iDlI co%Is SlaffwLlfare Reiil aiid r¢11L.S Light & heal Repoii. & muint¢iiaiic¢ Iii.%uranLL (-'Icaniiig Geneixl ¢xp¢iis¢ Eiil¢rl#iiim¢iil ¢xp¢nse Accnuiilanly Legyal and profLssionttl l-clephunL lJriiilinb> P()slugc aiiii slalioiiery l4unk Ll)Irgye.s 73,7$2 1.412 2,088 4?5 16,074 11,83.3 371 1,2.31 989 1,602 4?3 1,770 2,022 761 628 73,752 1,412 2.088 425 16,074 11,83.3 69,1 ()0 1,102 ?,0211 140 1.2.11 989 1,602 2,472 117 30n 1,720 26b 293 .$14 R7 3,619 2,847 797 sK,I()I 1,770 2,U22 761 62X 16Y 2.6f>3 6,618 2,7()2 2,66.3 6,618 2,792 Activity2 Support - DepreLiation & iiiipairiii¥iit C.'usl ol. luiid r4isii)g Traiismission ¢osls 1711,882 176,5¥2 Ifif.47? Cts of climriiablc activlties - by #ctlvlty Suppoi't costs 2(124 TolHI 2023 c.ost of fiJii(I I'aising Transmissioi) costs 1 ?7,(12-: 107,282 176,5212 176,$82 165,473 PAgoin
The Paiijabi CentrL Limited (A conipany limitLd by guai'aiitee) NotL'y to the finaiicial statements Foi. the year en(led 31 Marcli 2024 Net outgoliig I'esnurce5 for Ili¢ year 2&24 2023 Nel oli1c)ing I'e8Diirces is .slaled i( fter ¢hargiii%'. l)¢pr¢Lialioii #nd oil)ei' amounts writtei) ol'l'idl)gibl¥ fix¢d d5sel8 Ci,(IlX 2,847 I mploycLS Employment CO,gts 2024 2U2J 7.'1,752 %oLiuI .s¢¢urily Losls, E)ensinn co.its' tlier ii)blS 2,nx 425 2,11211 140 77,677 72.4.3 N(1 ¢inpluy¢L reLLivi¢J einiilunienls of iiiuri Iliiin L611,OOa {202.3 Nui)el. Number of emi)luyee. full lim¢. equivuleiils, WHS as I11W.%.. 2n24 2112J Pensii>n costs Tlie LOlllI)aiiy uperalLs d deliiied cDiili'ibulii)ii p¢nsiTrn 8¢liLme iii r¥spccl Df the Lmpli)yee.%. Tli¢ scheme and il,$ I SS¢ts are hold by iiidepLiid¢nt mana8grs. Tlie pci)siDii Ghai'gL rLprL's¢ii15 GuiilI'ibulion5 duc froin the cr)Inpaiiy iiiid was ng follow5.. 21124 ZQ2.1 PL115iUlI Lh&i'gL 2.OR 10. Taxmtion The Lh8rity'5 activities fall williin Ilie ¢xei)Iptions affoi'dcd by the provisi<)ns of Ilie Seblioii 478 01. l.lie (.'.orporati(Jii 'l'Ax Act 2010. Accordingly. Ilier¢ is 11(Tr IAxatii)ii charge iii Ihtt8e OCLOlllIt%. Vx%¢ll
The Paiijuhi Centre Llmited (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2024 Tangible fixed asset5 PIAnt niocliinery Total Cost Ai l April 20?3 Additiiinb 17,2JU 21711f At 31 March 2D24 li¥.91i 138.935 Depreclatlon At l April 2023 Cliarge for Ilie year At .3 I MuToh 2024 11?.461 Iyet book valuc.¥ At 31 Mar¥li 2024 2f).4 111 2(Tr,474 Ai 31 Mai'rh 2023 11.387 11,-I117 12. Debtor 2024 21123 Trade debtors oih¢i' debtors 11),547 -1,775 37..St}8 13. Crcdltors: omount5 falllng due wlthln year 21124 2023 Trade Lrcdilors Amoiiiil's owed to uoiip Iiiid¢rtRkiiigs Other tax¢s and $o¥ial 5¢Gurily Oiher creiJilor5 Accruals and deferred income !,844 7.206 7,447 5,541 177.412 17.5,78. PAge 12
The Panjabi Centre Limited (A company liniited by guarantee) Notes to the linancial statements Frjr the yeai. ended 31 MarLh 2024 14. Analy.gls of net #ssLts betivecn funds Uiircsli'iet¢d fuDds Tutnl fund und halanL¢S at 31 MurLh 2024 us reprLseJ]tVLI by.. TaiiLFible tixed assets Curr¢nt asststs Cun'e111 Sifibilities 26.47 171,5?Q 15, U ni'ostrlcted funds At l Api'il ITILoniiii% out0111 2023 rUl1rcL5 rL5uur¢es At 31 M8rLII 2024 2 )11,17.1 16. Compnny IlmltLd by gunrantee The P&njabi Ceiitr¢ Liniiled is o ¢ompiny lin)ilcd by gu&rai)tee and aL¢ordin8ly does Iiol liave a $hJrc Cslpilal. F.very mcmber of th¢ ¢onipony Liiidcitakcs in conlributc such Amuunl tsy may hr requir¢d not ¢x¢Leding £ I lo th¢ assets ot. the charitable ¢oinp&iiy in th¢ event ol. its beiiigi wnuiid lip while he or sl)e is ll niember, or wiiliiii one ye#r After he or sh¢ L¢ase$ l() b¢ a member, P4ge 13