## **REGISTERED COMPANY NUMBER: 04812799 (England and Wales) REGISTERED CHARITY NUMBER: 1104329**
## **PAKISTAN YOUTH AND COMMUNITY ASSOCIATION**
## **REPORT AND FINANCIAL STATEMENTS**
## **31[st] MARCH 2024**
MSA Accountancy & Business Advisors Business Box 3 Oswin Road Leicester Leicestershire LE3 1HR
## **Pakistan Youth and Community Association**
## **Contents of the Financial Statements for the Year Ended 31 March 2024**
||Page|
|---|---|
|Trustees' Report|1 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Statement of Financial Position|10 to 11|
|Notes to the Financial Statements|12 to 22|
|Detailed Statement of Financial Activities|23 to 24|
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
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 2024. 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).
## **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
## **ADDRESS**
## **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 2024
**Chairperson** Mr Mohammed Afzaal **Vice-Chair** Mr Rafique Ahmed Jalees **Charity Secretary** Mrs Aisha Ali **Additional Secretary** Miss Zahra Zaheer **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 **Company Secretary** Mr Ghulam Mustafa Malik
Page 1
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
## **AGENTS and ADVISORS**
**Independent examiner Solicitors Bankers** MSA Accountancy & Business Advisors SKR Legal Solicitors Barclays Bank Plc Business Box, 3 Oswin Road 131A Evington Road 68 Evington Road Leicester Leicester Leicester LE3 1HR 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 comprising 9 members who serve as directors for the purpose of company law and trustees and board members for the purposes of charity law. The trustees meet regularly to manage the charity's affairs and are responsible for its strategic direction and policy. The board work as a team with a scheme designated in place to ensure the charity delivers and maintains the services specified.
The charity employs one part-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 and assist with fund raising.
The charity also benefits from a significant number of volunteers who are supported and supervised by relevant service manager, with annual reviews of their work.
## **Recruitment and appointment of new trustees**
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.
Page 2
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
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
## **What the Trustees Do**
In addition to attending quarterly Board meetings to oversee the charity's governance, individual trustees fulfil various crucial roles:
- **Strategic Planning:** Develop and review the charity's long-term strategy and objectives.
- **Financial Oversight:** Monitor the charity's financial health, approve budgets, and ensure proper financial controls are in place.
- **Legal Compliance:** Ensure the charity operates within its legal framework and meets all regulatory requirements.
- **Representation:** Represent PYCA at conferences, committee meetings, and other external events to promote the charity's mission.
-
- **Recruitment:** Chair selection panels and conduct interviews for key staff positions.
- **Operational Support:** Sign cheques and legal documents as required.
- **Reporting:** Oversee the preparation of the Trustees' Annual Report and other statutory documents.
- **Fundraising:** Support and oversee fundraising activities, including grant applications and community events.
- **Performance Monitoring:** Regularly review the charity's performance against its objectives and key performance indicators.
- **Risk Management:** Identify and manage potential risks to the charity's operations and reputation.
- **Policy Development:** Create and review organizational policies to ensure effective governance.
## **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.
Page 3
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
"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 charity delivers public benefit through 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. The services aim to support 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), Social & Cultural events, and information & signposting schemes.
The board of directors have considered the Charity Commission's guidance on public benefit and is satisfied that the charity's activities provide a wide public social benefit.
Page 4
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
PYCA provides 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.
As an active member of the Positive Communities consortium, PYCA successfully completed the programme, exceeding our anticipated outputs and outcomes. The project concluded on 31st August 2022.
Building upon this success, PYCA is now participating in two additional consortiums to deliver distinct elements of the UK Government's Shared Prosperity Fund (UKSPF). The UKSPF Programme commenced in October 2023 and is scheduled to conclude in March 2025.
## **Positive Communities 2 Programme:**
The Positive Communities 2 Programme aims to provide a comprehensive range of personalised support services for targeted groups. These services are designed to address barriers that prevent individuals from transitioning from economic inactivity to active participation in the labour market.
## **Everyday English:**
The Everyday English Programme seeks to enhance the English language skills of Leicester residents. The anticipated learning outcomes for participants include:
- Improvement of basic English language skills and attainment of ESOL qualifications
- Boosting of confidence and increased independence.
- Access to one-on-one support for employment seeking.
- Provision of individualised support to remove barriers, raise awareness of existing services, and promote further learning, volunteering, and employment opportunities.
Other programmes delivered this year includes:
- Multiply (delivering Multiply and Functional Skills Maths course) contracted by Leicester Adult Education College funded by Department for Education (DfE).
- LIVITY Programme - (Contracted by ACC) to deliver sessions to support those caring for people living with cognitive impairment or mild dementia.
- PYCA Learning Programme (A range of accredited as well as non-accredited courses).
To deliver accredited qualifications, the charity is a registered centre with Oxford Cambridge RSA (OCR), National Open College Network (NOCN), Highfield Qualifications and Future Awards & Qualifications.
When necessary, the organisation also offers women-only sessions.
## **FINANCIAL REVIEW**
## **Financial position**
As a result of the increase in overall incoming resources, the charity reported a surplus of £17,112.
Page 5
## **Pakistan Youth and Community Association**
## **Trustees' Report**
## **for the Year Ended 31 March 2024**
## **FINANCIAL REVIEW**
## **Principal funding sources**
As a project-based organisation, its income depends on successful grant applications and the number of projects running during the financial year.
The main funding sources are:
- Positive Communities 2 Programme (UK Shared Prosperity Fund)
-
- Everyday English (ESOL) (UK Shared Prosperity Fund)
- Racial Equity Programme (Lloyds Bank Foundation)
- Multiply - sub contracted by LAEC, funded by DfE
- LIVITY Programme - subcontracted by ACCL
- Adult Education Budget (AEB) Training Programme (ENABLE Contract)
-
- PYCA's Community Learning Programme
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 continues to monitor reserve levels and review them regularly.
## **Going concern**
The Board of Directors believe that the measures taken during the year will ensure that charity's continued 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 to continue its current activities in the coming, subject to obtaining satisfactory funding arrangements.
Page 6
## **Pakistan Youth and Community Association**
## **Trustees' Report for the Year Ended 31 March 2024**
Approved by order of the board of trustees on 14 December 2024 and signed on its behalf by:
Mr M Afzaal - Trustee
Mr A W Bajwa - Trustee
Page 7
## **Independent Examiner's Report to the Trustees of Pakistan Youth and Community Association**
## **Independent examiner's report to the trustees of Pakistan Youth and Community Association ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **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**
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:
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 which 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 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.
Muhammad Shabbir Aslam CPA
MSA Accountancy & Business Advisors Business Box 3 Oswin Road Leicester Leicestershire LE3 1HR
14 December 2024
Page 8
## **Pakistan Youth and Community Association**
## **Statement of Financial Activities**
## **for the Year Ended 31 March 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
33,012
Other trading activities
3
42,221
Investment income
4
475
**Total**
75,708
**EXPENDITURE ON**
Raising funds
5
3,362
**Charitable activities**
6
CLAR
50,221
Covid-19 CSP (TNLCF)
-
PC (CRF)
-
PC2 (UKSPF)
-
Other
5,013
**Total**
58,596
**NET INCOME**
17,112
**Transfers between funds**
14
(20)
**Net movement in funds**
17,092
**RECONCILIATION OF FUNDS**
Total funds brought forward
38,327
**TOTAL FUNDS CARRIED FORWARD**
55,419|Restricted
funds
£
14,400
-
-
14,400
-
-
-
-
14,400
-
14,400
-
20
20
238,625
238,645|31.3.24
Total
funds
£
47,412
42,221
475
90,108
3,362
50,221
-
-
14,400
5,013
72,996
17,112
-
17,112
276,952
294,064|31.3.23
Total
funds
£
48,056
61,106
69
109,231
6,240
38,098
4,171
39,822
-
4,762
93,093
16,138
-
16,138
260,814
276,952|
|---|---|---|---|
The notes form part of these financial statements
Page 9
## **Pakistan Youth and Community Association**
## **Statement of Financial Position 31 March 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
-
**CURRENT ASSETS**
Debtors
12
12,500
Cash at bank and in hand
51,874
64,374
**CREDITORS**
Amounts falling due within one year
13
(8,955)
**NET CURRENT ASSETS**
55,419
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
55,419
**NET ASSETS**
55,419
**FUNDS**
14
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
235,000
14,400
(10,755)
3,645
-
3,645
238,645
238,645|31.3.24
Total
funds
£
235,000
26,900
41,119
68,019
(8,955)
59,064
294,064
294,064
55,419
238,645
294,064|31.3.23
Total
funds
£
235,000
4,956
47,910
52,866
(10,914)
41,952
276,952
276,952
38,327
238,625
276,952|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 notes form part of these financial statements
Page 10
continued...
## **Pakistan Youth and Community Association**
## **Statement of Financial Position - continued 31 March 2024**
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 and authorised for issue on 14 December 2024 and were signed on its behalf by:
Mr M Afzaal - Trustee
Mr A W Bajwa - Trustee
The notes form part of these financial statements
Page 11
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements for the Year Ended 31 March 2024**
## **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.
## **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.
## **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.
- Freehold property not provided 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 12
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **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
£
£
Grants
28,000
14,400
Rates relief
5,012
-
33,012
14,400|31.3.24
Total
funds
£
42,400
5,012
47,412|31.3.23
Total
funds
£
43,294
4,762
48,056|
|---|---|---|
Grants received, included in the above, are as follows:
|Positive Communities Programme
UK Shared Prosperity Fund
Racial Equity Programme (Lloyds Bank Foundation)
Everyday English (ESOL) (UK Shared Prosperity Fund)|**31/3/24**
31/3/23
**£**
£
-
43,294
14,400
-
25,000
-
3,000
-
42,400
43,294|
|---|---|
Page 13
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **3. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
|Unrestricted
Restricted
funds
funds
£
£
Other income
28,999
-
Room Hire
210
-
PYCA Learning Programme
13,012
-
42,221
-
Other income includes the following:
ENABLE Programme (AEB Contract)
EFIF Programme (LCC Contract)
LAEC Programme (LCC Contract)||31.3.24
Total
funds
£
28,999
210
13,012
42,221
**31/3/24**
**£**
8,499
-
20,500
28,999||31.3.23
Total
funds
£
39,967
1,200
19,939
61,106
31/3/23
£
24,218
6,749
9,000
39,967|
||||||
## **4. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||||
|---|---|---|---|---|
||||31.3.24|31.3.23|
||Unrestricted|Restricted|
Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|Interest receivable|475|-|475|69|
Page 14
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **5. RAISING FUNDS**
## **Other trading activities**
|31.3.24
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Accreditation and other fees
3,362
-
3,362
**6.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 7)
£
£
CLAR
46,255
3,966
PC2 (UKSPF)
14,401
-
60,656
3,966
**7.**
**SUPPORT COSTS**
CLAR
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
31.3.24
£
Depreciation - owned assets
-|31.3.23
Total
funds
£
6,240
Totals
£
50,221
14,401
64,622
Other
£
3,966
31.3.23
£
4,170|
|---|---|
Page 15
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
Trustees received no remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2013.
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 31 March 2024 nor for the year ended 31 March 2023.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,762
Other trading activities
61,106
Investment income
69
**Total**
65,937
**EXPENDITURE ON**
Raising funds
2,583
**Charitable activities**
CLAR
38,098
Covid-19 CSP (TNLCF)
-
PC (CRF)
-
Other
4,762
**Total**
45,443
**NET INCOME/(EXPENDITURE)**
20,494
**RECONCILIATION OF FUNDS**
Total funds brought forward
17,833|Restricted
funds
£
43,294
-
-
43,294
3,657
-
4,171
39,822
-
47,650
(4,356)
242,981|Total
funds
£
48,056
61,106
69
109,231
6,240
38,098
4,171
39,822
4,762
93,093
16,138
260,814|
|---|---|---|
Page 16
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
**continued**
Unrestricted
Restricted
funds
funds
£
£
**TOTAL FUNDS CARRIED FORWARD**
38,327
238,625
**11.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2023 and 31 March 2024
235,000
109,318
**DEPRECIATION**
At 1 April 2023 and 31 March 2024
-
109,318
**NET BOOK VALUE**
At 31 March 2024
235,000
-
At 31 March 2023
235,000
-
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.24
£
Prepayments and accrued income
26,900|Total
funds
£
276,952
Totals
£
344,318
109,318
235,000
235,000
31.3.23
£
4,956|Total
funds
£|
|---|---|---|
|||276,952|
||||
Page 17
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Other creditors
Pension control account
Wages control account
Accruals and deferred income
Community Finance|31.3.24
£
1,016
225
100
4,413
1,201
2,000
8,955|31.3.23
£
1,141
1,400
100
5,073
1,200
2,000
10,914|
|---|---|---|
Included in creditors is a balance of £2,000 (2023: £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.
## **14. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
CLAR
**Restricted funds**
PIAG
Fixed asset fund
PYCA Relief Fund
PC (CRF)
**TOTAL FUNDS**|At 1.4.23
£
8,792
29,535
38,327
2,596
235,000
1,049
(20)
238,625
276,952|Net
movement
in funds
£
684
16,428
17,112
-
-
-
-
-
17,112|Transfers
between
funds
£
(20)
-
(20)
-
-
-
20
20
-|At
31.3.24
£
9,456
45,963
55,419
2,596
235,000
1,049
-
238,645
294,064|
|---|---|---|---|---|
Page 18
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **14. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
CLAR
**Restricted funds**
PC2 (UKSPF)
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
CLAR
**Restricted funds**
PIAG
NLCF
Fixed asset fund
PYCA Relief Fund
PC (CRF)
**TOTAL FUNDS**|Incoming
resources
£
684
75,023
75,707
14,401
90,108
At 1.4.22
£
7,513
10,320
17,833
2,596
4,171
235,000
1,049
165
242,981
260,814|Resources
expended
£
-
(58,595)
(58,595)
(14,401)
(72,996)
Net
movement
in funds
£
1,279
19,215
20,494
-
(4,171)
-
-
(185)
(4,356)
16,138|Movement
in funds
£
684
16,428
17,112
-
17,112
At
31.3.23
£
8,792
29,535
38,327
2,596
-
235,000
1,049
(20)
238,625
276,952|
|---|---|---|---|
Page 19
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
CLAR
**Restricted funds**
NLCF
PC (CRF)
**TOTAL FUNDS**|Incoming
resources
£
1,279
64,658
65,937
-
43,294
43,294
109,231|Resources
expended
£
-
(45,443)
(45,443)
(4,171)
(43,479)
(47,650)
(93,093)|Movement
in funds
£
1,279
19,215
20,494
(4,171)
(185)
(4,356)
16,138|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
CLAR
**Restricted funds**
PIAG
NLCF
Fixed asset fund
PYCA Relief Fund
PC (CRF)
**TOTAL FUNDS**|At 1.4.22
£
7,513
10,320
17,833
2,596
4,171
235,000
1,049
165
242,981
260,814|Net
movement
in funds
£
1,963
35,643
37,606
-
(4,171)
-
-
(185)
(4,356)
33,250|Transfers
between
funds
£
(20)
-
(20)
-
-
-
-
20
20
-|At
31.3.24
£
9,456
45,963
55,419
2,596
-
235,000
1,049
-
238,645
294,064|
|---|---|---|---|---|
Page 20
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2024**
## **14. 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:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,963|-|1,963|
|CLAR|139,681|(104,038)|35,643|
||141,644|(104,038)|37,606|
|**Restricted funds**||||
|NLCF|-|(4,171)|(4,171)|
|PC (CRF)|43,294|(43,479)|(185)|
|PC2 (UKSPF)|14,401|(14,401)|-|
||57,695|(62,051)|(4,356)|
|**TOTAL FUNDS**|199,339|(166,089)|33,250|
PYCA Relief Fund relates to balance left from donations collected and expended during 2011 in aid for Pakistan flood victims.
## **Transfers between funds**
Deficits resulted in delivering 'Community Learning & Activities Resource' (CLAR), 'Pakistan Information Advice and Guidance' (PIAG) and 'PYCA's Social Engagement Programme' (PSEP) were subsidised by other funds.
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 21
continued...
## **Pakistan Youth and Community Association**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **16. NOTE ON FUNDING IN THE ACCOUNTS**
The various abbreviations and acronyms used throughout the accounts represents following funding and activities:
## **Key**
## **Funding and Activities Description**
CLAR Community Learning & Activities Resource Covid-19 CSP Covid-19 Community Support Programme (The National Lottery Community (TNLCF) Fund) PC (CRF) Positive Communities Programme (Community Renewal Fund) PC2 (UKSPF) Positive Communities 2 Programme (UK Shared Prosperity Fund) PIAG Pakistan Information Advice & Guidance PCLP PYCA's Community Learning Programme NLCF The National Lottery Community Fund
Page 22
## **Pakistan Youth and Community Association**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
28,000
14,400
Rates relief
5,012
-
33,012
14,400
**Other trading activities**
Other income
28,999
-
Room Hire
210
-
PYCA Learning Programme
13,012
-
42,221
-
**Investment income**
Interest receivable
475
-
**Total incoming resources**
75,708
14,400
**EXPENDITURE**
**Other trading activities**
Accreditation fees
3,362
-
**Charitable activities**
Wages
39,632
14,231
Pensions
1,434
169
Rates and water
512
-
Insurance
1,260
-
Light and heat
1,548
-
Equipment expensed
750
-
Repairs and maintenance
602
-
Training
318
-
Activities and events
88
-
Canteen and cleaning
112
-
46,256
14,400|31.3.24
Total
funds
£
42,400
5,012
47,412
28,999
210
13,012
42,221
475
90,108
3,362
53,863
1,603
512
1,260
1,548
750
602
318
88
112
60,656|31.3.23
Total
funds
£
43,294
4,762
48,056
39,967
1,200
19,939
61,106
69
109,231
6,240
67,929
1,645
552
1,490
1,626
129
777
-
68
69
74,285|
|---|---|---|
This page does not form part of the statutory financial statements
Page 23
## **Pakistan Youth and Community Association**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024**
|Unrestricted
Restricted
funds
funds
£
£
**Charitable activities**
**Other**
Rates
5,012
-
**Support costs**
**Other**
Telephone
1,617
-
Postage and stationery
694
-
Accountancy fees
1,200
-
Legal and professional fees
423
-
Travel and subsistence
32
-
Fixtures and fittings
-
-
3,966
-
Total resources expended
58,596
14,400
**Net income**
17,112
-|31.3.24
Total
funds
£
5,012
1,617
694
1,200
423
32
-
3,966
72,996
17,112|31.3.23
Total
funds
£
4,762
1,677
329
1,200
234
195
4,171
7,806
93,093
16,138|
|---|---|---|
This page does not form part of the statutory financial statements
Page 24