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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04812799 (England and Wales) REGISTERED CHARITY NUMBER: 1104329

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

(A COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS

31 March 2021

Malik & Co Certified Public Accountants 32 Turner Road Leicester LE5 0QA

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Pages
Trustees' Report 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 to 20

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

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[st] March 2021. 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 2015).

REGISTERED NAME & NUMBER

Registered charity name Pakistan Youth and Community Association Charity registration number 1104329 Company registration number 4812799 ADDRESS Registered office Pakistan Centre 58 Earl Howe Street Leicester LE2 0DF

DIRECTORS and TRUSTEES

Pakistan Youth and Community Association have a board of directors; its members are directors for the purpose of company law and trustees for the purposes of charity law.

The following were Directors and Trustees during the year ended 31 March 2021

Chairperson Mr Mohammed Afzaal Vice-Chair Mr Rafique Ahmed Jalees Charity Secretary Mr Syed Tansir Asghar Bukhari Additional Secretary Mrs Aisha Ali Treasurer Mr Abdul Waheed Bajwa Women's Officer Miss Abeda Adam Youth Officer Mr Mohammed Ayub Welfare Officer Mr Jamil Akhter Board of Directors Members Mr Mohammed Hafeez Mr Morawat Hussain Company Secretary Mr Ghulam Mustafa Malik

Page 1

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

AGENTS and ADVISORS

Independent examiner Solicitors Bankers Malik & Co SKR Legal Solicitors Barclays Bank Plc 32 Turner Road 131A Evington Road 68 Evington Road Leicester Leicester Leicester LE5 0QA LE2 1QJ LE2 1HJ

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 26 June 2003 and registered as a charity on 14 June 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Organisational structure

Pakistan Youth and Community Association have a board of directors of 10 members who are directors for the purpose of company law and trustees and board members for the purposes of charity law.

The charity is organised so that the trustees meet regularly to manage its affairs. The board members are responsible for the strategic direction and policy of the Association. The board work as a team with a scheme designated in place to ensure the charity delivers and maintains the services specified.

There is one full time chief executive, who both manages the day to day administration of the charity and organises fund-raising initiatives. The remaining staff are employed at the centre to carry out various activities of the charity and also assist with fund raising activities.

The charity has a significant number of volunteers who are supported and supervised by the relevant service manager. An annual review of their work is also carried out.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees and board members for the purposes of charity law and are known as members of the Board of Directors under the company's Articles.

All members have to be re-elected every three years at the Annual General Meeting.

New members of the Board must be members of the charity with due consideration taken by existing members of their suitability before being elected.

Trustees/Directors Induction and training

Trustees and board members are recruited locally and appointed at the Annual General Meeting.

As all of the trustees and board members must be members of the charity, they are familiar with the practical work of the charity and its objectives. Each potential trustee/board member is invited to attend a board meeting as an observer. They are then given an induction pack that includes details on:

Role description Code of Practice Annual Report & Accounts Introduction of Board Members Guide to Services History of PYCA List of forthcoming meetings Business Plan Insurance Coverage Policies and Procedures Organisational Chart Declaration of Commitment Declaration of Commitment

Page 2

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

What The Trustees Do

In addition to attending quarterly Board meetings to undertake the governance of the organisation, individual trustees during the past year have:

Risk Management

The board of directors is aware of the significant risks to the future funding of the Charity and review the situation at every board meeting. Appropriate plans to deal with this are in place and are continually monitored. Procedures are also in place to monitor the health and safety of all of the Charity's staff members and visitors to the centre.

OBJECTIVES AND ACTIVITIES

Mission Statement

"To assist members of the Pakistani and other minority ethnic individuals to develop themselves, in order to participate in mainstream society."

Summary of objectives and activities

The objectives of the organisation, as set out in its governing document are:

a) To promote the benefit of the Pakistani and the greater community living in Leicester and Leicestershire and neighbourhood (hereinafter referred to as the area of benefit), without distinction of sex or sexual orientation, age or political or religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to:

b) To reduce poverty and deprivation

How our activities deliver Public benefit

The main areas of our charitable activity and how we deliver public benefit are through the provision of direct services, information and signposting and raising the profile of Pakistani and other BAME communities living in Leicester and surrounding areas, their issues and concerns.

Our direct services aimed at providing support to individuals to develop themselves, in order to participate in mainstream society.

Pakistan Youth & Community Association (PYCA) runs various projects offering Education & Training, Information, Advice & Guidance (IAG), Covid 19 Community Support Programme and Social & Cultural events, information & signposting schemes.

Page 3

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The board of directors have considered the general guidance on public benefit issued by the Charity Commission and has taken due regard to that guidance. The board consider that they are satisfied that the charity's activities do provide a wide public social benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We provide Educational, cultural, social, advice and support services in an environment tailored to specific cultural and religious needs of our community and where young people and women feel confident, comfortable and are encouraged to become lifelong learners.

While offering much-needed services to the local community, PYCA has successfully furthered community cohesion through its inclusive approach towards members of all cultures and backgrounds.

Owing to the Covid-19 Lockdown, we were fully closed for over six months, and even when we were back, we were only partially open. During these challenging times, we wanted to reach out to our service users and provide them with support and activities to help them get through the lock down.

In order to respond to new and emerging needs identified amongst service users within our local community, PYCA's successfully developed and delivered its Covid-19 Community Support Programme funded by The National Lottery Community Fund. This programme also addressed pressing and important issues such as the loss of jobs, access to vocational training and support and the incremental and damaging impact of isolation and loneliness on elderly members of the community.

When necessary, the organisation also offers women-only sessions.

The charity is registered with Oxford Cambridge RSA (OCR), National Open College Network (NOCN), Highfield Qualifications and Future Awards & Qualifications.

Page 4

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Financial review

As a result of the increase in overall incoming resources, the charity reported a surplus of £18,672

Principal funding sources

The charity is a project-based organisation and its income depends on a number of successful grant applications and the number of projects running during the financial year.

The main funding sources are:

In light of increasing constraints on local authority expenditure, the charity continues to seek additional funding to keep on offering its much-needed support to the local community.

Investment policy

The board have kept reserve funds in interest bearing bank accounts.

Reserves policy

The Board of Directors have examined the charity's requirements for reserves in light of the main risks to the organisation.

The Board will continue to monitor the levels of all reserves and reviews will be made on a regular basis using, where available, the latest budget information.

Impact of Covid-19

In accordance with government guidelines, for the majority of the year, PYCA's doors remain closed to the public, either completely or partially. We hope and pray that the situation will get better in the coming year, allowing us to fully reopen our facilities and continue delivering our much-needed services.

The closure of our services will have an impact on the amount of income being received.

The government-initiated furlough scheme has provided some relief for the centre and its staff, it may become inevitable to cut services and make staff redundant when the scheme ends.

Going concern

The Board of Directors believe that the measures it has taken during the year will ensure that the charity will continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these financial statements. Measures being undertaken include:

PLANS FOR FUTURE PERIODS

The charity plans continuing the activities outlined above, in the ensuing years to obtaining satisfactory funding

arrangements.

Approved by order of the board of trustees on 11th June 2021 and signed on its behalf by:

………………………………………………....

Mr Mohammed Afzaal – Chairperson

………………………………………………... Mr Rafique A Jalees – Vice Chair

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF PAKISTAN YOUTH AND COMMUNITY ASSOCIATION Independgnt •xamlnerfs report to the trustees of Pakigtsn Youth And Communlty As$ocFation fth• Company? I report to the charity trustees on my examinaiton of the accounts ol thè Company for the year ended 31° March 2021. Responslbllltles and basls of rgport As the chariws trustees of the Company land also ils directors for ths purposes of wmpany lawl you are responsible for tha preparation of the a(munts in aCCordar￿e wth the raquifements of the Companies Act 2CK)6 I'the 2006 Act.). Having satisfied myself that thè accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for inde￿ndent examination, I report in respect of my examination of your chariws a¢¢ounts as carried out under sèction 145 of the Charities Act 2011 I'the 2011 Acri. In caftyng out my examinaiion I have followed Ihg DEr8dions given by the Charity Commission uThJer se¢tyon 145(5) Ibl of the 2011 ACL Independgnt examin•rfs stat•m¢nt I hav8 completed my examination. I confim that ￿ matters have to my attention in I￿nn&cl10n with the examination giving me cause lo believè.. 1 Accounting records were rK)t kept in ￿SpeCt of the Company as requir•d by section 386 of thè 2(Y)6 Act,. or 2 the accounts do not accord those records.. or 3 th& accounts do not comply wth Ihe accounting reqUIrew￿￿ts of ￿tion 396 of the 2(K16 Act othar than any requirement that tha accounts give a true arKI fair wew vthich is not a matter constdered as part of an independent examination.. or 4 the accounts have not bèèn prepared in accordance ￿th thè m8thcJs and winryples of Ihe Statement of Recomrnended Praclice for accounting and repcting by d)aritses lapplicable to charTties p￿panr￿j their 8ccounts in accordance with Ihe Finarrial Reporting Standard a￿l￿ble in the UK and Republic of Ireland IFRS 102}1. I have no concerns and have come across no other mattws in connection with the examination to which attention should bs drawn in this report in order lo ènab￿ a proper understanding of th8 accounts to be reached Qaiser Abbas FICB. ACPA hAalik & Co Certified Public Accountsnts 32 Tum8r R¢>ad Leicester LE5 OQA 11th June 2021 Page 6

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Community Learning & Activities Resources
Pakistan Information Advice & Guidance
PYCA's Social Engagement Programme
The National Lottery Community Fund
Other
Total
NET INCOME/(EXPENDITURE)
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
14,762
4,250
6
19,018
-
6,169
-
-
-
4,762
10,931
8,087
(9,036)
(949)		 Restricted
Funds
£
74,223
74,223
5,615
15,236
1,587
-
41,200
-
63,638
10,585
243,348
253,933		 31/03/2021
Total Funds
£
88,985
4,250
6
93,241
5,615
21,405
1,587
-
41,200
4,762
74,569
18,672
234,312
252,984		 31/03/2020
Total Funds
£
26,767
11,766
47
38,580
2,734
9,328
-
20,456
-
35,119
67,637
(29,057)
263,369
234,312

Page 7

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Funds
£
-
-
18,138
18,138
-
18,138
18,138
18,138		 Restricted
Funds
£
243,219
3,419
35,678
39,097
(47,470)
(8,373)
234,846
234,846		 31/03/2021
Total Funds
£
243,219
3,419
53,816
57,235
(47,470)
9,765
252,984
252,984
(9,419)
262,403
252,984		 31/03/2020
Total Funds
£
235,000
921
12,683
13,604
(14,292)
(688)
234,312
234,312
(9,036)
243,348
234,312

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees on 11th June 2021 and were signed on its behalf by:

………………………………………………...

Mr Mohammed Afzaal – Chairperson

………………………………………………... Mr Rafique A Jalees – Vice Chair

Page 8

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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 2015)', 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.

INCOMING RESOURCES

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.

Donations

Donations are accounted for in the period of receipt and is analysed between restricted funds and unrestricted funds. Donations received for the general purpose of the charity are included as unrestricted funds. Donations for activities restricted by the wishes of the donors are taken to restricted funds.

Grants

Grant income represents amounts received and receivable from various funders. This income may be subject to clawback in the event that in the opinion of funders, grant monies are used for purposes that are not grant aided.

RESOURCES EXPENDED

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 and includes any attributable VAT that cannot be recovered. 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - Not depreciated
Fixtures and fittings - 33% on cost

Freehold property is not depreciated as the Trustees are of the opinion that the property has very long useful life and the depreciation charge will therefore be immaterial.

TAXATION

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

Page 9

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES - continued

FUND ACCOUNTING

The funds of The Association have been segregated as follows:

Restricted funds consist of grants and donations, for which the grant making body, or the donor has specified the purpose for which the resources can be utilised. Outgoing resources on restricted funds reflect the appropriate expenditure that has been charged to those funds.

Restricted funds are disclosed by activities in the notes to the financial statements.

Unrestricted funds consist of all other income that has not been restricted. They are expendable at the discretion of the Trustees in furtherance of the objects of The Association.

Transfers are made between funds where there is a release of restricted funds to unrestricted funds or charges are made between funds.

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.

GOING CONCERN

The organisation's activities are financed to a large extent from funding by various funding bodies. This support is expected to continue into the foreseeable future and as a result the accounts have been prepared on a going concern basis.

2 DONATIONS AND LEGACIES

Unrestricted
Restricted
Funds
Funds
£
£
Rates Relief
4,762
-
Grants
10,000
74,223
14,762
74,223
Grants received, included in the above, are as follows:
DCLG Timebank – Pakistan Information Advice & Guidance
LAT (Big Lottery) – PYCA’s Social Engagement Programme
The National Lottery Community Fund (Covid-19 Community Support
Programme)
ENABLE (AEB Contract)
HMRC (Furlough Grant)
LCC (Lockdown VCS Grant)		 31/03/2021
Total
Funds
£
4,762
84,223
88,985
31/03/2021
£
-
-
49,751
4,703
19,769
10,000
84,223		 31/03/2020
Total
Funds
£
4,687
22,080
26,767
31/03/2020
£
1,530
20,550
-
-
-
22,080

Page 10

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

3 OTHER TRADING ACTIVITIES

Miscellaneous income
PYCA Learning Programme
4
INVESTMENT INCOME
Bank Interest Receivable
5
RAISING FUNDS
Other trading activities
Accreditation and other fees
6
CHARITABLE ACTIVITIES COSTS
Community Learning & Activities Resources
Pakistan Information Advice & Guidance
The National Lottery Community Fund		 Unrestricted
Funds
£
10
4,240
4,250
Unrestricted
Funds
£
6
Unrestricted
Funds
£
-		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
Restricted
Funds
£
5,615
Direct Costs
£
19,427
1,261
32,057
52,745		 31/03/2021
Total
Funds
£
10
4,240
4,250
31/03/2021
Total
Funds
£
6
31/03/2021
Total
Funds
£
5,615
Support
Costs
(See note 7)
£
1,978
326
9,143
11,447		 31/03/2020
Total
Funds
£
1,281
10,485
11,766
31/03/2020
Total
Funds
£
47
31/03/2020
Total
Funds
£
2,734
Totals
£
21,405
1,587
41,200
64,192

Page 11

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

7 SUPPORT COSTS

SUPPORT COSTS
Other
Community Learning & Activities Resources £
Pakistan Information Advice & Guidance 1,978
The National Lottery Community Fund 326
9,143
11,447

8 NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 31/03/2021
£
4,048		 31/03/2020
£
-

9 TRUSTEES' REMUNERATION AND BENEFITS

Trustees received no remuneration or other benefits for the year ended 31[st] March 2021 nor for the year ended 31st March 2020.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.

10 STAFF COSTS

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

Administration
Management		 31/03/2021
8
1
9		 31/03/2020
8
1
9

No employees received emoluments in excess of £60,000.

Page 12

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Community Learning & Activities Resources
Pakistan Information Advice & Guidance
PYCA's Social Engagement Programme
Building a Stronger Britain Together
Other
Total
NET INCOME
Reconciliation of Funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
6,217
11,766
47
18,030
2,734
9,328
-

-
-
35,119
47,181
(29,151)
20,115
(9,036)		 Restricted
Funds
£
20,550
-
-
20,550
-
-
-
20,456
-
-
20,456
94
243,254
243,348		 Total Funds
£
26,767
11,766
47
38,580
2,734
9,328
-
20,456
-
35,119
67,637
(29,057)
263,369
234,312

Page 13

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

12
TANGIBLE FIXED ASSETS
COST
At 1 April 2020
Additions
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Freehold
Property
£

235,000
-
235,000

-
-
-
235,000
235,000		 Fixtures and
Fittings
£
97,051
12,267
109,318
97,051
4,048
101,099
8,219
-		 Totals
£
332,051
12,267
344,318
97,051
4,048
101,099
243,219
235,000

Grant funded capital expenditure

A grant from the National Lottery Community Fund for the total amount of £49,751 has been received during the year. Out of the total amount received, £12,267 have been spent for the purchase of various office equipment.

These assets have been capitalised in accordance with generally accepted accounting principles and the associated depreciation charge of £4,048 has been posted against the grant fund.

Page 14

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

13
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
14
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Wages control account
Accrued expenses
Community Finance
Deferred income – insurance claim proceeds		 31/03/2021
£
3,419
31/03/2021
£
1,249
1,105
5,542
21,754
2,000
15,820
47,470		 31/03/2020
£
921
31/03/2020
£
3,507
1,005
3,040
4,740
2,000
-
14,292

Included in creditors is a balance of £2,000 (2020: £2,000) in the form of Community Loan received last year to assist the Charity with its cash flow. This amount will be repaid as and when the charity has the funds to do so and no interest will be charged on this loan. There are no fixed repayment terms.

15
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Community Learning and Activities Resource
Restricted funds
Pakistan Information Advice and Guidance
Community Learning and Activities Resource
PYCA Relief Fund
Fixed asset fund
PYCA's Social Engagement Programme
The National Lottery Community Fund
TOTAL FUNDS		 At 1.4.20
£
(24,249)
15,212
(9,036)
342
-
1,049
235,000
6,958
-
243,348
234,312		 Net
movement in
funds
£
10,000
(10,382)
(382)
2,254
4,533
-
8,219
-
4,048
19,054
18,672		 At 31.3.21
£
(14,249)
4,830
(9,419)
2,596
4,533
1,049
243,219
6,958
4,048
262,403
252,984

Page 15

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

15 MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Community Learning and Activities Resource
Restricted funds
Pakistan Information Advice and Guidance
Community Learning and Activities Resource
Fixed Asset Fund
The National Lottery Community Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted Funds
General fund
Community Learning and Activities Resource
Restricted Funds
Pakistan Information Advice and Guidance
PYCA Relief Fund
Fixed asset fund
PYCA's Social Engagement Programme
TOTAL FUNDS		 Incoming
resources
£
14,762
-
14,762
4,703
19,769
12,267
49,751
86,490
101,252
At 1.4.19
£
5,776
14,339
20,115
342
1,049
235,000
6,863
243,254
263,369		 Resources
expended
£
(4,762)
(10,382)
(15,144)
(2,449)
(15,236)
(4,048)
(45,703)
(67,436)
(82,580)
Net
Movement in
funds
£
(30,025)
873
(29,152)
-
-
-
95
95
(29,057)		 Movement in
Funds
£
10,000
(10,382)
(382)
2,254
4,533
8,219
4,048
19,054
18,672
At 31.3.20
£
(24,249)
15,212
(9,036)
342
1,049
235,000
6,958
243,348
234,312

Page 16

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

15 MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Community Learning and Activities Resource
Restricted funds
Pakistan Information Advice and Guidance
PYCA's Social Engagement Programme
PYCA's Building Resilience and Sharing Values Programme
TOTAL FUNDS		 Incoming
resources
£
5,094
12,936
18,030
-
20,550
-
20,550
38,580		 Resources
expended
£
(35,119)
(12,063)
(47,182)
£0
(20,455)
£0
(20,455)
(67,637)		 Movement in
funds
£
(30,025)
873
(29,152)
-
95
-
95
(29,057)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Community Learning and Activities Resource
Restricted funds
Pakistan Information Advice and Guidance
Community Learning and Activities Resource
PYCA Relief Fund
Fixed asset fund
PYCA's Social Engagement Programme
The National Lottery Community Fund
TOTAL FUNDS		 At 1.4.19
£
5,776
14,339
20,115
342
-
1,049
235,000
6,863
-
243,254
263,369		 Net
movement
in funds
£
(20,025)
(3,416)
(23,441)
2,255
2,695
-
8,219
95
(208)
13,056
(10,385)		 At 31.3.21
£
(14,249)
10,923
(3,326)
2,597
2,695
1,049
243,219
6,958
(208)
256,310
252,984

Page 17

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021

15 MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Community Learning and Activities Resource
Restricted funds
Pakistan Information Advice and Guidance
Community Learning and Activities Resource
Fixed Asset Fund
PYCA's Social Engagement Programme
The National Lottery Community Fund
TOTAL FUNDS		 Incoming
resources
£
19,856
12,936
32,792
4,703
19,769
8,219
20,550
49,751
102,992
135,784		 Resources
expended
£
(39,881)
(16,352)
(56,233)
(2,448)
(17,074)
£0
(20,455)
(49,959)
(89,936)
(146,169)		 Movement in
funds
£
(20,025)
(3,416)
(23,441)
2,255
2,695
8,219
95
(208)
13,056
(10,385)

16 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 18

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Rates relief
Grants
Other trading activities
Miscellaneous income
PYCA Learning Programme
Investment income
Bank interest receivable
Total incoming resources
EXPENDITURE
Other trading activities
Accreditation fees
Charitable activities
Wages and salaries
Social security
Pensions
Rates and water
Insurance
Light and heat
Sessional wages
Repairs and maintenance
Training
Printing and publicity
Equipment expenses
Support costs
Activities and events		 Unrestricted
funds
£
4,762
10,000
14,762
10
4,240
4,250
6
19,018
-
-
-
-
4,762
560
712
-
1,146
-
-
-
-
-
7,180		 Restricted
funds
£
-
74,223
74,223
-
-
-
-
74,223
5,615
40,606
-
1,602
293
1,030
670
310
471
270
4,925
60
2,942
41
53,220		 31/03/2021
Total
Funds
£
4,762
84,223
88,985
10
4,240
4,250
6
93,241
5,615
40,606
-
1,602
5,055
1,590
1,382
310
1,617
270
4,925
60
2,942
41
60,400		 31/03/2020
Total
Funds
£
4,687
22,080
26,767
1,281
10,485
11,766
47
38,580
2,734
44,357
3,103
1,468
4,962
855
1,504
1,560
823
-
725
-
-
1,621
60,978

Page 19

PAKISTAN YOUTH AND COMMUNITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Other
Fixtures and fittings
Depreciation
Support costs
Other
Telephone
Postage and stationery
Professional - legal fees
TV licence fees
Travel & subsistence
Total resources expended
Net income/(expenditure)		 Unrestricted
funds
£
50
-
50
863
70
888
-
-
1,821
9,051
9,967		 Restricted
funds
£
-
4,048
4,048
1,450
305
600
157
123
2,635
65,518
8,705		 31/03/2021
Total
Funds
£
50
4,048
4,098
2,313
375
1,488
157
123
4,456
74,569
18,672		 31/03/2020
Total
Funds
£
38
-
38
2,090
215
1,248
153
181
3,887
67,637
(29,057)

Page 20