Registered Company Number 04351686 Registered Charity Number 1093110
BIRMINGHAM ASIAN RESOURCE CENTRE
a Charitable Incorporated Organisation TRUSTEES REPORT
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2023
## BIRMINGHAM ASIAN RESOURCE CENTRE
|BIRMINGHAMASIANR|ESOURCE CENTRE||
|---|---|---|
|FOR THE|2023||
|||.14|
## CONTENTS
YEAR ENDED 31 MMch
13 _ 1 Details ofmaterial funds held and mowements during the CURRENT reporting period..
13 _2 Details ofmaterial funds held and mowements during the PREVIOUS reporting period.
BIRMINGHAM ASIAN RESOURCE CENTRE
FOR THE 2023 TRUSTEES' REPORT YEAR ENDED 31 March
The trustees "ho 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 hawe 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 (FPS 102) (effective 1 January 2019).
## 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 ofmeaningful support services for older people aged 55+ and hidden carers across the Northwest of Birmingham.
The objective ofthe Yv1BM 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 staffed 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 hawe more åulfilling lives
- Reducing social isolation by running activities, building networks and friendships
- Living safely at home, visiting •,ulnerable people at home to improve their liwes
- 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 hawe understood. The effect of Covid-19 led to the designing of this project. Supporting vulnerable people will significantly
## BIRMINGHAM ASIAN RESOURCE CENTRE
FOR THE 2023
improve their life circumstances by increasing their access to opportunities and services: thus Improving their self-esteem and confidence. The joumey 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.
BIRMINGHAM ASIAN RESOURCE CENTRE
FOR THE 2023
## TRUSTEES' REPORT
YEAR ENDED 31 March
## 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 workcollaboratiom How-ewer, like many businesses and charities: the uncertainty ofremammg open was genuine during thepandemicz faced with the possible complete closure of the Centre and its uork_
The Centre had to take a stem look at its survival and had made the diffcult decision to sell off its prime asset for sustainability
In March 2022: Birmingham Asian Resource Centre sold its grade 2 listed building to åund 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 England.
Birmingham Asian Resource is genuinely a community asset belonging to the local community of Lozells and Handsworth.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govemmg document
The charity is controlled by its governing document: a deed oftrustz 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: First Floor, Hagley Coun 40 Vicarage Road Edgbaston Birmingham
## BIS 3EZ
Trustees: Mr Muhammad Idrish Mr Muhammad Imtious Sheikh Mr Sobur Khan Mr Umar Khurram Mrs Nighet Nisa Mr Haroon Maj id
Company Secretary:
## BIRMINGHAM ASIAN RESOURCE CENTRE
Ms Juma Begum
Independent Examiner: Marneros Marcus & Co Hagley Court 40 Vicarage Road Edgbaston Birmingham BIS 3EZ
## INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2023
Independent examinees report to the trustees of Birmingham Asian Resource Centre ('the Company)
I report to the charity trustees on my exammation ofthe accounts ofthe Company for the year ended 31 March 2023
## 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 ofthe 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 charitys accounts as carried out under Section 145 of the Charities Act 2011 (the 2011 Act'). In carrying out my examination I hawe followed the Directions given by the Charity Commission under Section 145(5) (b) ofthe 2011 Act
## Independent examiner's statement:
Since your charity's gross income exceeded f-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 member of the ACCAz which is one of the listed bodies.
I hawe completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to beliewe:
1 _ accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3 _ 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 "hich is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles ofthe 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 and Republic of Ireland (FRS 102)).
## BIRMINGHAM ASIAN RESOURCE CENTRE
I have no concerns and hawe come across no other matters in connection with the examination to which attention should be draum in this report in order to enable a proper understanding ofthe accounts to be reached.
## STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2023
||||Restricted||||
|---|---|---|---|---|---|---|
|Recommended|Note|Unrestricted|mcome|Endowment|Total Funds|Total Funds|
|categories by activity||||funds|2023|2022|
|Incoming resources|||||||
|Income
and|||||||
|endowments fmm:|||||||
|Donations
and
legacies|2|26,160 oo|125,596.50|coo||54,490 oo|
|Investments|3|1,100.81|0.00|coo||8.17|
|Other|4||0.00|coo||393,548 oo|
|Total||27,260.81|125,596.50|0.00|152,857.31|448,046.17|
|Resources expended|||||||
|Expenditure on:|||||||
|Raising funds|5||30,987.00|coo|30,987 oo|9,344.58|
|Charitable activities|6||38,583.20|coo||17,104.50|
|Other||944 oo|33,747.51|coo|34,691|1,244 oo|
|Total||944.00|103,317.72|0.00|104,261.72|27,693.08|
|Net|||||||
|income/(expenditure)||26,316.81|22,278.78|0.00|48,595.59|420,353.09|
|before investment|||||||
|gains/(losses)|||||||
|Net
income/(expenditure)||26,316.81|22,278.78|0.00|48,595.59|420,353.09|
|Net movement in||26,316.81|22,278.78|0.00|48,595.59|420,353.09|
|funds|||||||
Reconciliation of
BIRMINGHAM ASIAN RESOURCE CENTRE
|Total funds brought|||coo|||
|---|---|---|---|---|---|
|forward||53,649.50|||169,221 oo|
|Total funds carried|562,240.81|75,928.28|0.00|638,169.09|589,574.00|
|forward||||||
BIRMINGHAM ASIAN RESOURCE CENTRE
|FORTHE||March 2023||||||
|---|---|---|---|---|---|---|---|
||BALANCE SHEET|||||||
||YEAR ENDED 31|||||||
||Recommended|||Restricted||||
||categories by|Notes|Unrestricted|mcome|Endowment|Total Funds|Total Fu|
||activity||funds||funds|2023|2022|
||Fixed assets|||||||
||Tangible assets|9|8,496.85|0.00|coo|82496.85|7,04|
||Total fixed assets||8,496.85|0.00|coo|82496.85|7,04|
||Current assets|||||||
||Debtors|10|25,419 oo|1,000.00|coo|26,419 oo||
||Cash at bank and in|||||||
||hand|11|529,878.17|107,139.22|coo||586,64|
||Total current assets||555,297.17|108,139.22|coo||586,64|
||Creditors : amounts|||||||
||falling due within|12||8,345.15|coo|82345.15|4,122|
||one year|||||||
|||||99,794.07||||
||Net current
assets/(liabilities)||555,297.17||coo||582,52|
||Total assets less|||||||
||current liabilities||563,794.02|99,794.07|0.00|663,588.09|589,57|
||Provisions for|||||||
||liabilities||(25,419.00)|0.00|coo|(25,419 00)||
||Total net assets or||589,213.02|99,794.07|0.00|689,007.09|589,57|
||liabilities|||||||
||Funds ofthe|||||||
||Charity|||||||
||Unrestricted funds|13|5622240.81|||5622240.81|535,924|
||Restricted income|||||||
|||13||||||
||75,928.2853,649.50|||||||
BIRMINGHAM ASIAN RESOURCE CENTRE
## Endoument funds
13 coo
Total funds
562,240.81 75,928.28 0.00 638,169.09 589,573.50 BALANCE SHEET FOR THE YEAR ENDED 31 March 2023
The financial statements were approved by the Board on 08-Dec2023 and signed on its behalf by:
Mr Muhammad Imtious Sheikh
## BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
## 1
## Accounting
## Policies
Basis of preparing the financial statements The finan cial state ments of the charit able comp any, which is a publi c benef it entity under FRS 102, have been prepa red in accor dance with the Chari ties SORP (FRS 102) 'Acco untin g and Repor ting by Chari ties: State ment
BIRMINGHAM ASIAN RESOURCE CENTRE
of Rerr mme n Bert Practi ce applic able to charit ies prepa ring their accou nts in accor dance with the Finan cial Repor ting Stand ard applic able in the UK and Repu blic of Irelan d (FRS 102) (effec tive I Janua ry 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
Inc ome All income
## BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
is recognis ed in the Stateme nt ofFinanc iaI Activitie s once the charity has entitlem ent to the funds, it is probable that the income will be received and the amount can be measure d reliably. Expenditu re Liabilitie s are recognis ed as expendit ure as soon as there is a legal or construc tive obligatio n committi ng the charity to that expendit ure, it is probable that a transfer of economi c benefits will be required in
## BIRMINGHAM ASIAN RESOURCE CENTRE
settleme nt and the amount ofthe obligatio n can be measure d reliably. Expendit ure is accounte d for on an accruals basis and has been classifie d under headings that aggregat e all cost related to the category . Where costs cannot be directly attribute d to particula r headings they have been allocated to activities on a basis consiste nt with the use of resource s _
Tangible fixed assets Deprecia tion is provided at the followin g annual rates in order to write off
## BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
each asset over its estimate d useful Taxa tion The charity is exempt from corporati on tax on its charitabl e activities . Fund a ccounting Unrestricte d 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. Restriction s arise when specified by the donor or when funds are raised for particular
BIRMINGHAM ASIAN RESOURCE CENTRE
restricted purposes. Further explanat ion of the nature and purpose of each fund is included in the notes to the financial statemen ts. Hire purchase and leasing commitm ents Rentals paid under operatin g leases are charged to the Stateme nt ofFinanc iaI Activitie s on a straight line basis over the period of the lease Pension costs and other post-retirement benefits The charitabl e compan y operates a defined contribut ion pension scheme. Contribu tions payable to the
## BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
charitabl e compan y's pension scheme are charged to the Stateme nt ofFinanc iaI Activitie s in the period to which they relate _
Grants received Some of the grants received have been recognised over the life ofthe grant However, in most cases the grant is recognised in the income and expenditure account upon receipt
## BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
## 2 Income from Donations and Legacies
|||Restricted||||
|---|---|---|---|---|---|
||Unrestricted||Endowment|Total funds|Total funds|
|||mcome||2023|2022|
|General|grants|||||
|provided by
Government/other||125,596.50||1512756.50|54,490|
|charities|26,160.00||||oo|
|Total|26,160.00|125596.50||||
## 3 Income from Investments
||Restricted||||
|---|---|---|---|---|
|Unrestricted||Endowment|Total funds|Total funds|
## 4 Other Income
|||Restricted||||
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total funds|Total funds|
|||mcome|||2022|
|||||2023||
|Gain|on disposal of|||||
|a tangible fixed||||||
|asset|held for||||393,548|
|charitys own use||0.00|||oo|
|Total||0.00|||3932548 oo|
|5 Expenditure||on Raising Funds||||
|||Total funds 2023||Total funds|2022|
||Analysis|||||
|Other|trading|||||
||||coo||4,108.40|
|Wages|and salaries||coo|||
Wages and salaries
## BIRMINGHAM ASIAN RESOURCE CENTRE
## NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023 Staff costs coo 736.18 Support Costs 30,987.00 Total 30,987.00 92344.58 Total funds 2022
## 6 Expenditure on Charitable Activities
Total funds 2023
|Analysis|||
|---|---|---|
|Charity running cost|coo||
|Legal/professional|5,796.20|11,832.50|
|Support Costs|32,787.00|5272 oo|
|Total|38,583.20||
## 7 Support Costs
Total funds 2023 Total funds 2022 Analysis Staff costs 61,974.01 Governance Costs Accountants fees Total 63,774.01 0.00
## 8 Other Expenditure
||Unrestricted|Restricted|Endowment Total funds|Total|funds|
|---|---|---|---|---|---|
|||income funds|funds 2023 2022|||
|Other
Expenditure|||33,747.51||coo|
|Depreciation Charge|944 00||944.00||1,244.00|
|for the Year -||||||
|Fixtures & Fittings||||||
|Total|944 00||34,691.51||1,244.00|
## 9 Tangible Fixed Assets
9.1 Cost or valuation
Fixtures & Fittings
## BIRMINGHAM ASIAN RESOURCE CENTRE
## NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023 At 01 April 2022 202466.99 Additions Disposals Transfers * At 31 March 2023 22,861 _20
## 9.2 Amortisation and impairments
Fixtures & Fittings At 01 April 2022 Additions 944 00 Disposals Transfers * At 31 March 2023 142364.35 9.3 Net book value Fixtures & Fittings At 01 April 2022 At 31 March 2023 82496.85
## 10 Debtors: Amounts falling due within one year
||Total funds 2023|Total funds 2022|
|---|---|---|
|Trade debtors|25,419.00|0.00|
|Other debtors|1,000.00|0.00|
|Total|26,419.00|0.00|
|11 Cash at bank and in hand|||
||Total funds 2023|Total funds 2022|
Cash at bank and on hand
637,017.39
586,649.37
BIRMINGHAM ASIAN RESOURCE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
Total 637,017.39 586,649.37
## 12 Creditors: Amounts falling due within one year
Total funds 2023
||||||Total|funds|2022|
|---|---|---|---|---|---|---|---|
|Trade creditors|||||coo||1.00|
|Accruals and deferred income||||5,168.00|||3,217.00|
|Taxation and social security||||3,177.15|||904.51|
|Total||||8,345.15|||4,122.51|
|13 Charity|funds|||||||
|13.1 Details of material funds||held and movements during the CURRENT reporting||||||
|period||||||||
||Fund|||||Fund||
||balances|Income|Expen diture|Transfers|Gains and|balances||
|Fund names|brought||||losses|carried||
||forward|||||forward||
|Unrestricted||||||||
|funds||||||||
|Unrestricted
Fund|coo||(944.00)|0.00||262316.81||
|Restricted||125.59650||||7,825.24||
|Fund|coo|||0.00||||
|||||||535,924||
||535,924.00|||0.00||oo||
|Restricted||||||||
|income funds||||||||
||53,649.50|||0.00||53,649.50||
|Total|589,573.50||(1182715.26)|||0.00||
13.2 Details of material funds held and movements during the PREVIOUS reporting period
Fund Fund balances Gains and balances Income Expen diture Transfers
|BIRMINGHAMASIANRESOURCE CENTRE|BIRMINGHAMASIANRESOURCE CENTRE|||
|---|---|---|---|
|NOTESTOTHE FINANCIALSTATEMENTS||||
|FORTHEYEAR ENDED 31 March 2023||||
|Fund names
brought||losses|carried|
|forward|||forward|
|Unrestricted||||
|funds||||
||||535,924|
||(1,244.00)|0.00|oo|
|Restricted||||
|income funds||||
|25,608.58
54.490 oo|(26,449.08)|0.00|53,649.50|
|Total
169,220.41
4482046.17|(27,693.08)|0.00|5892573.50|
|13.3 Transfers between funds||||
|This Year||||
|||Amount||
|Between unrestricted and restricted funds||23,866||
|Between endoument and restricted funds||||
|Between endoument and unrestricted funds||||
|Last Year||||
|||Amount||
|Between unrestricted and restricted funds||20,000||
|Between endoument and restricted funds||||
|Between endoument and unrestricted funds||||