## **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: - Represented PYCA on various committees, at conferences and group meetings - Chaired selection panels & interviews - Signed cheques & legal documents - Overseen the preparation of Trustees' Annual Report - Supported & overseen fundraising activities ## **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: - Provide for education, leisure and cultural needs within the community in the interest of social welfare with the object of improving conditions of life: - Provide for educational and training needs; - Offer social, recreational and cultural programmes for the community groups and individuals, offering support, advice and leisure activities; - 'Assess and assist individuals to fulfil needs and offer support and advice; - Advocate for the needs of the Pakistani community in Leicester to statutory, voluntary, independent and commercial sectors and to represent the Pakistani community as appropriate; b) To reduce poverty and deprivation - c) To advance religion ## **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: - The National Lottery Community Fund (Covid-19 Community Support Programme) - ENABLE (AEB Contract) - HMRC (Furlough Grant) - LCC (Lockdown VCS Grant) 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: - Increased provision of services directly delivered by the charity so as to raise further income; and - Continuously seeking alternative funding sources ## **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 m8thc*Js and winryples of Ihe Statement of Recomrnended Praclice for accounting and repc*ting 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 - (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. 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