2022-03-31-accounts - Birmingham Asian Resource Centre

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REGISTERED COMPANY NUMBER: 04351686 (England and Wales) REGISTERED CHARITY NUMBER: 1093110

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Birmingham Asian Resource Centre

Marneros Marcus & Co Hagley Court 40 Vicarage Road Edgbaston Birmingham B15 3EZ

Birmingham Asian Resource Centre

Contents of the Financial Statements for the Year Ended 31 March 2022

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	14
Detailed Statement of Financial Activities	15	to	16

Birmingham Asian Resource Centre

Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 1

Birmingham Asian Resource Centre

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

Objectives, Aims, Achievement and Performance

The Birmingham Asian Resource Centre is a social welfare agency serving the needs of the Asian Community in Birmingham.

The centre provided support by running services in relevant Asian languages such as Punjabi, Hindi, Urdu, Bengali, and Gujarati. Also, the Centre follows up its support through home visits, outreach, representations, and liaison with other agencies.

You, Me, Body and Mind (YMBM) project:

Funded by the Lottery Community Fund, this service provides a range of meaningful support services for older people aged 55+ and hidden carers across the Northwest of Birmingham.

The objective of the YMBM is to create a place for elders and carers to get the support and assistance to lead a more positive and meaningful life.

You me Body and Mind project started in March 2022 and is run by three multilingual staff and volunteers, directly delivering advice, activities, workshops, and events supporting elders and carers.

This project intends to create a safe and trusted place for elders and carers to access support and services to improve and enhance their quality of life, gain access to opportunities and thus improve their life chances.

The project encapsulates the following objectives:

Develop an older people's forum.
Create a place for people to access information and navigate to other support
Ensure beneficiaries are empowered, remain independent, and have more fulfilling lives
Reducing social isolation by running activities, building networks and friendships
Living safely at home, visiting vulnerable people at home to improve their lives
Support to self-manage; and access locally-led provision
Support for carers, improved access to training, education, and employment
Create mechanisms, partnerships, and collaborations to build social capital?

During the worse period of the pandemic, the death toll in the Lozells was significantly high because the information was not being disseminated in the community in a way that most people would have understood. The effect of Covid-19 led to the designing of this project. Supporting vulnerable people will significantly improve their life circumstances by increasing their access to opportunities and services, thus improving their self-esteem and confidence. The journey through our services will give them the tools and skills to change themselves positively. Financial empowerment was also crucial and aimed to secure additional income for many clients through one-off grants, trust funds, and income maximised through debt management. With the effort and determination of the Trustees and its volunteers, the Centre secured funding from The Lottery in December 2022. In March 2022, we recruited three people to lead the project. We will report on the success of this programme in our following report.

Future Strategy:

The charity plans are to enhance the services through further fundraising. Looking at a new strategy for the organisation, The trusted new Partnership was becoming more critical, and the trustees began developing plans for greater work collaboration. However, like many businesses and charities, the uncertainty of remaining open was genuine during the pandemic, faced with the possible complete closure of the Centre and its work.

Page 2

Birmingham Asian Resource Centre

Report of the Trustees for the Year Ended 31 March 2022

The Centre had to take a stern look at its survival and had made the difficult decision to sell off its prime asset for sustainability.

In March 2022, Birmingham Asian Resource Centre sold its grade 2 listed building to fund a future pilot programme and invest the money in a smaller property. This action made it possible to safeguard the organisation's future for many more years. The Charity is now situated on the main Lozells Road surrounded by some of the most deprived parts of the England.

Birmingham Asian Resource is genuinely a community asset belonging to the local community of Lozells and Handsworth.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04351686 (England and Wales)

Registered Charity number

1093110

Registered office

110 Hamstead Road Handsworth Birmingham West Midlands B20 2QS

Trustees

Mr Abdullah Khurram (resigned 16.4.21) Mr Muhammad Idrish Mr Muhammad Imtious Sheikh Mr Sobur Khan Mr Umar Khurram Mrs Nighet Nisa Mr Haroon Majid

Company Secretary

Ms Juma Begum

Independent Examiner

Marneros Marcus & Co Hagley Court 40 Vicarage Road Edgbaston Birmingham B15 3EZ

Page 3

Birmingham Asian Resource Centre

Report of the Trustees for the Year Ended 31 March 2022

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

Mr Muhammad Imtious Sheikh - Trustee

Page 4

Independent Examiner's Report to the Trustees of Birmingham Asian Resource Centre

Independent examiner's report to the trustees of Birmingham Asian Resource Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Certified Accountants which is one of the listed bodies.

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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Marneros Marcus & Co Ltd Chartered Certified Accountants Marneros Marcus & Co Hagley Court 40 Vicarage Road Edgbaston Birmingham B15 3EZ Date: .............................................

Page 5

Birmingham Asian Resource Centre

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Investment income 2 8 Other income 393,548 Total 393,556 EXPENDITURE ON Raising funds - Charitable activities Administration - Other 1,244 Total 1,244 NET INCOME/(EXPENDITURE) 392,312 Transfers between funds 11 (20,000) Net movement in funds 372,312 RECONCILIATION OF FUNDS Total funds brought forward 163,612 TOTAL FUNDS CARRIED FORWARD 535,924	Restricted fund £ 54,490 - - 54,490 9,230 1,844 15,375 26,449 28,041 20,000 48,041 5,609 53,650	2022 Total funds £ 54,490 8 393,548 448,046 9,230 1,844 16,619 27,693 420,353 - 420,353 169,221 589,574	2021 Total funds £ 64,007 25 - 64,032 10,742 50,764 18,626 80,132 (16,100) - (16,100) 185,321 169,221

The notes form part of these financial statements

Page 6

Birmingham Asian Resource Centre

Balance Sheet 31 March 2022

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 7,047 CURRENT ASSETS Debtors 9 - Cash at bank 528,877 528,877 CREDITORS Amounts falling due within one year 10 - NET CURRENT ASSETS 528,877 TOTAL ASSETS LESS CURRENT LIABILITIES 535,924 NET ASSETS 535,924 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted fund £ - - 57,772 57,772 (4,122) 53,650 53,650 53,650	2022 Total funds £ 7,047 - 586,649 586,649 (4,122) 582,527 589,574 589,574 535,924 53,650 589,574	2021 Total funds £ 73,291 655 103,288 103,943 (8,013) 95,930 169,221 169,221 163,612 5,609 169,221

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr Muhammad Imtious Sheikh - Trustee

The notes form part of these financial statements

Page 7

Birmingham Asian Resource Centre

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Grants received

Some of the grants received have been recognised over the life of the grant. However, in most cases the grant is recognised in the income and expenditure account upon receipt,

continued...

Page 8

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. INVESTMENT INCOME

INVESTMENT INCOME
	2022	2021
	£	£
Deposit account interest	8	25
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	2022	2021
	£	£
Depreciation - owned assets	1,244	1,463
Other operating leases	2,908	3,838
Surplus on disposal of fixed assets	(393,548)	-

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

6.

Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies - Investment income 25 Total 25 EXPENDITURE ON Raising funds - Charitable activities Administration - Other 1,463 Total 1,463	2022 - Restricted fund £ 64,007 - 64,007 10,742 50,764 17,163 78,669	2021 3 Total funds £ 64,007 25
		64,032
		10,742 50,764 18,626
		80,132

continued...

Page 9

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund £ £ NET INCOME/(EXPENDITURE) (1,438) (14,662) Transfers between funds (10,000) 10,000 Net movement in funds (11,438) (4,662) RECONCILIATION OF FUNDS Total funds brought forward 175,050 10,271 TOTAL FUNDS CARRIED FORWARD 163,612 5,609 7. GRANTS AND CONTRACTS RECEIVABLE 2022 Lottery Community Fund 54,490 Covid 19 Response Local Authority Grant HMRC Job Retention scheme Totals 54,490	6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund £ £ NET INCOME/(EXPENDITURE) (1,438) (14,662) Transfers between funds (10,000) 10,000 Net movement in funds (11,438) (4,662) RECONCILIATION OF FUNDS Total funds brought forward 175,050 10,271 TOTAL FUNDS CARRIED FORWARD 163,612 5,609 7. GRANTS AND CONTRACTS RECEIVABLE 2022 Lottery Community Fund 54,490 Covid 19 Response Local Authority Grant HMRC Job Retention scheme Totals 54,490	6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund £ £ NET INCOME/(EXPENDITURE) (1,438) (14,662) Transfers between funds (10,000) 10,000 Net movement in funds (11,438) (4,662) RECONCILIATION OF FUNDS Total funds brought forward 175,050 10,271 TOTAL FUNDS CARRIED FORWARD 163,612 5,609 7. GRANTS AND CONTRACTS RECEIVABLE 2022 Lottery Community Fund 54,490 Covid 19 Response Local Authority Grant HMRC Job Retention scheme Totals 54,490	Total funds £ (16,100) - (16,100) 185,321 169,221 2021 49.536 2,500 11,971 64.007

		2022

		54,490



		54,490

continued...

Page 10

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

8. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1 April 2021
80,000
Disposals
(80,000)
At 31 March 2022
-
DEPRECIATION
At 1 April 2021
15,000
Charge for year
-
Eliminated on disposal
(15,000)
At 31 March 2022
-
NET BOOK VALUE
At 31 March 2022
-
At 31 March 2021
65,000
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Provision for bad debts
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other Creditor
Social security and other taxes
Accrued expenses

Fixtures
and
fittings
Totals
£
£
20,467
100,467
-
(80,000)
20,467
20,467
12,176
27,176
1,244
1,244
-
(15,000)
13,420
13,420
7,047
7,047
8,291
73,291
2022
2021
£
£
25,419
25,419
(25,419)
(25,419)
-
655
-
655
2022
2021
£
£
-
1,080
905
5,073
3,217
1,860
4,122
8,013

continued...

Page 11

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. MOVEMENT IN FUNDS

Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS	At 1.4.21 £ 163,612 5,609 169,221 follows: At 1.4.20 £ 175,050 10,271 185,321	Net movement in funds £ 392,312 28,041 420,353 Incoming resources £ 393,556 54,490 448,046 Net movement in funds £ (1,438) (14,662) (16,100)	Transfers between At funds 31.3.22 £ £ (20,000) 535,924 20,000 53,650 - 589,574 Resources Movement expended in funds £ £ (1,244) 392,312 (26,449) 28,041 (27,693) 420,353 Transfers between At funds 31.3.21 £ £ (10,000) 163,612 10,000 5,609 - 169,221

continued...

Page 12

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds Unrestricted Fund 25 Restricted funds Restricted Fund 64,007 TOTAL FUNDS 64,032 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.20 in funds £ £ Unrestricted funds Unrestricted Fund 175,050 390,874 Restricted funds Restricted Fund 10,271 13,379 TOTAL FUNDS 185,321 404,253	Resources Movement expended in funds £ £ (1,463) (1,438) (78,669) (14,662) (80,132) (16,100) Transfers between At funds 31.3.22 £ £ (30,000) 535,924 30,000 53,650 - 589,574

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS	Incoming resources £ 393,581 118,497 512,078	Resources Movement expended in funds £ £ (2,707) 390,874 (105,118) 13,379 (107,825) 404,253

continued...

Page 13

Birmingham Asian Resource Centre

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 14

Birmingham Asian Resource Centre

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

INCOME AND ENDOWMENTS Donations and legacies Grants & Contracts Receivable Local Authority Grants Exceptional items Investment income Deposit account interest Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Light and heat Repairs & Renewals Charitable activities Postage and stationery Other Other operating leases Depreciation of tangible fixed assets Support costs Human resources Wages Employers NI Staff Pensions Other Telephone Sundries	2022 £ 54,490 - - 54,490 8 393,548 448,046 4,018 5,212 - 9,230 1,011 2,908 1,244 4,152 4,500 316 420 5,236 617 975 1,592	2021 £ 49,536 2,500 11,971
		64,007 25 -
		64,032 5,542 4,592 608
		10,742 805 3,838 1,463
		5,301 53,158 - 1,290
		54,448 964 4,550
		5,514

This page does not form part of the statutory financial statements

Page 15

Birmingham Asian Resource Centre

Detailed Statement of Financial Activities for the Year Ended 31 March 2022 Other Other 2 Professional Fees Governance costs Accountancy fees Total resources expended Net income/(expenditure)	2022 £ 5,272 1,200 27,693 420,353	2021 £ 2,390 932 80,132 (16,100)

This page does not form part of the statutory financial statements

Page 16