# **Havering Asian Social And Welfare Association Charity No. 1104919**
**Company No. 04394262**
**Trustees' Report and Unaudited Accounts For the year ended 31 March 2021**
_B M Cooper & Co. Limited Chartered Certified Accountants_
_88 Wood Lane_
_Dagenham Essex RM9 5SL_
**Havering Asian Social And Welfare Association Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Summary Income and Expenditure Account|8|
|Balance Sheet|9 to 10|
|Notes to the Accounts|11 to 18|
|Detailed Statement of Financial Activities|19 to 21|
Page 1
**Havering Asian Social And Welfare Association Trustees Annual Report**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 04394262**
## **Charity No. 1104919**
## **Principal Office**
Greenfields Kilmartin Way Hornchurch Essex RM12 5NB
## **Registered Office**
Greenfields Kilmartin Way Hornchurch Essex RM12 5NB
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Ashok Sedha Balbir Kaur Gurcharan Singh Kooner Gurmit Singh Mohinder Kaur Namita Tiwari Parminder Singh Sansar Singh Narwal Surinder Sedha Surinder Tiwari
## **Company Secretary**
Sansar Singh Narwal
## **Accountants**
B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL
Page 2
**Havering Asian Social And Welfare Association Trustees Annual Report**
## **Bankers**
LLoyds Bank
Punjabi National Bank
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is for the benefit of persons of Indian origin residing in Havering and surrounding areas to advance education, relieve poverty and provide or assist in the provision of facilities for recreation or leisure-time occupation with the object of improving the conditions of life of such persons.
Various activities were carried out in furtherance of these objectives.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **ACHIEVEMENTS AND PERFORMANCE**
## Effective Representation in Community
HASWA represents itself as an efficient and effective association throughout the community by its services and activities. The regular committee meetings are held for feedbacks, improvements and to look at future plans. HASWA is a member of Havering Compact. HASWA have a strong network with other voluntary organisations in the London Borough of Havering and Redbridge, Barking & Dagenham.
## Cultural Awareness
Our cultural events this year had to be cancelled due to COVID 19.
## Improved the life style of the community
HASWA is always trying to improve the lifestyle of the community by our various activities and events. In response to COVID 19 lockdown guidelines HASWA had to cancel all the classes, planned activities and events. HASWA supported it’s most vulnerable and elderly members and the local community with shopping, picking up medication and running a Befriending service to provide emotional support, contact and signposting. We set up the Lunch club, Yoga and Meditation classes on zoom for the community to stay active, relax and keep in touch with each other and were well attended.
## Conclusion
HASWA has over 23 years of experience in delivering a multi-cultural and diverse range of activities and events. Over the years HASWA have built up a good and valuable relationship with our funders and the local community. HASWA’s management committee members, staff and volunteers are dedicated and experienced in identifying, developing and providing a wide range of community/voluntary sector services. They have produced successful projects to accomplish organisational goals and financial objectives, as well as increasing service users
Page 3
## **Havering Asian Social And Welfare Association Trustees Annual Report**
Furthermore, HASWA’s various activities such as Yoga classes; Dance, Drama & Singing classes, Lunch club and Health Awareness Day have been developed in consultation with the service users and their needs. HASWA projects enable active citizenship and engagement and provide a crucial lifeline to local residents, particularly the isolated, vulnerable elderly Asian and wider community who would otherwise remain isolated and inactive at home. HASWA projects have helped with language skills, made people confident about speaking up, workshops and briefings have enabled our clients to understand choices, options and how to access other services. To conclude it is clear that HASWA’s projects have improved the wellbeing and quality of life of our members and the wider community and helped to reduced public costs. HASWA is proud of what has been achieved in the community so far and will continue to engage with more of the Asian and wider communities by providing targeted services for all ages and programmes of cultural events for the wider community to improve community cohesion.
## Future planning
The future plan of HASWA is to make our work more effective by sustaining our current activities and continue to build on its success and expand its reach to the needs of the community. HASWA will revise activities and events annually with the changing time and requirements. We are increasing our networking with the local authorities, voluntary and community groups with a view to stop duplication of services and provide unique, required services for the growing Asian community. The need for the HASWA community centre has proven to be a valuable asset to the Asian and wider community.
## **FINANCIAL REVIEW**
The total incoming resources for the year amounted to £136,756 (2020 - £112,496) and the total resources expended amounted to £91,874 (2020 - £91,775) leaving net surplus for the year of £44,882 (2020 - £20,721). The balance of fund as at 31st March 2021 was £243,498 (2020 - £198,616).
The trustees have resolved to establish reserves to provide for building funds, and to provide funding for the expected expenditure for six months ahead in the sum of £150,000.
The policy on reserves is that the existing assets are retained to produce income which is wholly utilised to support existing activities. There is no intention in the long term to either increase or reduce the capital significantly from £55,000. This policy is justified in that it is necessary to preserve income at the present levels in order to maintain the activities of the charity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The organisation is charitable company limited by guarantee, incorporated on 14th March 2002 and registered as a charity on 15th July 2004. The company was established under a Memorandum of Association dated 14th March 2002 which established the objects and powers of the charitable company and is governed under its Articles of Association as amended by a special resolution dated 29th April 2007.
Eligibility for membership of the charity, and membership of the board of trustees is governed by the Memorandum and Articles of Association. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
**Havering Asian Social And Welfare Association Trustees Annual Report** The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
.....................................................................
Sansar Singh Narwal Company Secretary
23 June 2021
Page 5
**Havering Asian Social And Welfare Association Independent Examiners Report Independent Examiner's Report to the trustees of Havering Asian Social And Welfare Association**
I report to the charity trustees on my examination of the accounts of Havering Asian Social And Welfare Association for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (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.
................................................
Mr Bolaji Kalejaiye FCCA ACCA B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL
23 June 2021
Page 6
## **Havering Asian Social And Welfare Association Statement of Financial Activities For the year ended 31 March 2021**
|**Unrestricted**
**funds**
**2021**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
65,645
Investments
5
688
**Total**
66,333
**Expenditure on:**
Charitable activities
6
4,208
Other
7
25,566
**Total**
29,774
Net gains on investments
-
**Net income**
8
36,559
Transfers between funds
-
**Net income before other**
**gains/(losses)**
36,559
**Other gains and losses**
**Net movement in funds**
36,559
**Reconciliation of funds:**
Total funds brought forward
39,881
**Total funds carried forward**
76,440|**Unrestricted**
**funds**
**2021**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
4
65,645
Investments
5
688
**Total**
66,333
**Expenditure on:**
Charitable activities
6
4,208
Other
7
25,566
**Total**
29,774
Net gains on investments
-
**Net income**
8
36,559
Transfers between funds
-
**Net income before other**
**gains/(losses)**
36,559
**Other gains and losses**
**Net movement in funds**
36,559
**Reconciliation of funds:**
Total funds brought forward
39,881
**Total funds carried forward**
76,440|**Restricted**
**funds**
**2021**
**£**
70,423
-|**Endowment**
**funds**
**2021**
**£**
-
-|**Total funds**
**2021**
**£**
136,068
688|**Total funds**
**2020**
**£**
111,802
694|
|---|---|---|---|---|---|
|||70,423
62,100
-|-
-
-|136,756
66,308
25,566|112,496
77,588
14,187|
||29,774
-|62,100
-|-
-|91,874
-|91,775
-|
|||8,323
-|-
-|44,882
-|20,721
-|
||36,559|8,323|-|44,882|20,721|
||36,559
39,881|8,323
107,894|-
50,841|44,882
198,616|20,721
177,895|
||76,440|116,217|50,841|243,498|198,616|
Page 7
**Havering Asian Social And Welfare Association Summary Income and Expenditure Account For the year ended 31 March 2021**
|Income
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2021**
**£**
136,068
688
136,756
83,563
8,311
91,874
44,882
44,882|**2020**
**£**
111,802
694|
|---|---|---|
|||112,496|
|||88,301
3,474|
|||91,775|
|||20,721|
|||20,721|
Page 8
**Havering Asian Social And Welfare Association Balance Sheet At 31 March 2021 Company No. 04394262**
|**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
10
25,861
25,861
**Current assets**
Cash at bank and in hand
225,002
225,002
**Creditors:**Amount falling due within one year
11
(7,365)
**Net current assets**
217,637
**Total assets less current liabilities**
243,498
**Net assets excluding pension asset or liability**
243,498
**Total net assets**
243,498
**The funds of the charity**
**Restricted funds**
12
Endowment funds
50,841
Restricted income funds
116,217
167,058
**Unrestricted funds**
12
General funds
76,440
76,440
**Reserves**
12
**Total funds**
243,498|**2020**
**£**
16,977|
|---|---|
||16,977
187,555|
||187,555
(5,916)|
||181,639
198,616|
||198,616|
||198,616|
||50,841
107,894|
||158,735
39,881|
||39,881|
||198,616|
Page 9
**Havering Asian Social And Welfare Association Balance Sheet**
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 June 2021
And signed on its behalf by:
........................................................... ........................................................... Sansar Singh Narwal Surinder Tiwari Trustee Trustee
........................................................... Gurcharan Singh Kooner Trustee
23 June 2021
Page 10
**Havering Asian Social And Welfare Association Notes to the Accounts For the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
**Havering Asian Social And Welfare Association Notes to the Accounts Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 5% on cost
Fixtures and fittings 30% on reducing balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 12
**Havering Asian Social And Welfare Association Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 13
**Havering Asian Social And Welfare Association Notes to the Accounts** 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Investments
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
33,349
694
34,043
16,088
14,187
30,275
3,768
3,768
3,768
36,113
39,881|**Restricted**
**funds**
**2020**
**£**
78,453
-
78,453
61,500
-
61,500
16,953
16,953
16,953
90,941
107,894|**Endowment**
**funds**
**2020**
**£**
-
-
-
-
-
-
-
-
-
50,841
50,841|**Total funds**
**2020**
**£**
111,802
694|
|---|---|---|---|---|
|||||112,496
77,588
14,187|
|||||91,775|
|||||20,721|
|||||20,721|
|||||20,721
177,895|
|||||198,616|
Page 14
## **Havering Asian Social And Welfare Association Notes to the Accounts**
## 4 **Income from donations and legacies**
|Admission fee
Award For All
Bollywood Active
Yoga classes fees
Contributions to trips and
excursions
Diwali function
Donations
Fitness fusion
Fundraising
Lunch club
Membership
Reaching Communities
Rent receivable
Vaisakhi
Veolia grant
Lottery fund
Raft fund grant
Support grant LBH
5
**Income from investments**
Bank interest receivable|**Unrestricted**
**£**
-
-
-
312
-
-
-
208
-
-
200
-
2,585
-
27,244
9,710
5,000
20,386
65,645|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
70,423
-
-
-
-
-
-
70,423
**Unrestricted**
**£**
688
688|**Total**
**2021**
**£**
-
-
-
312
-
-
-
208
-
-
200
70,423
2,585
-
27,244
9,710
5,000
20,386
136,068
**Total**
**2021**
**£**
688
688|**Total**
**2020**
**£**
30
9,750
2,241
5,918
612
1,105
200
1,887
329
3,072
1,130
68,703
16,180
645
-
-
-
-|
|---|---|---|---|---|
|||||111,802|
|||||**Total**
**2020**
**£**
694|
|||||694|
Page 15
## **Havering Asian Social And Welfare Association Notes to the Accounts**
## 6 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Yoga expenses
Bollywood active
Punjabi school expenses
Vaisahki
Fitness fusion
Function express
Lunch club
Wages and salaries
Staff pension
Staff training
Teeyan
Trips and excursions
Volunteer expenses
_Governance costs_
Accountancy fees
Consultancy fees
Insurance
7
**Other expenditure**
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
8
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**Unrestricted**
**£**
350
-
-
-
175
-
-
-
-
-
-
-
2,115
900
-
668
4,208|**Restricted**
**£**
-
-
-
-
-
-
-
58,930
3,170
-
-
-
-
-
-
-
62,100
**Unrestricted**
**£**
16,366
8,311
889
25,566
**2021**
**£**
8,311|**Total**
**2021**
**£**
350
-
-
-
175
-
-
58,930
3,170
-
-
-
2,115
900
-
668
66,308
**Total**
**2021**
**£**
16,366
8,311
889
25,566|**Total**
**2020**
**£**
3,195
1,200
925
528
1,180
461
2,824
58,416
3,084
95
197
550
1,038
900
2,300
695|
|---|---|---|---|---|
|||||77,588|
|||||**Total**
**2020**
**£**
7,378
3,474
3,335|
|||||14,187|
|||||**2020**
**£**
3,474|
Page 16
**Havering Asian Social And Welfare Association Notes to the Accounts**
## 9 **Staff costs**
No employee received emoluments in excess of £60,000.
## 10 **Tangible fixed assets**
|**Cost or revaluation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
11 **Creditors:**
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals and deferred income|**Land and**
**buildings**
**£**
48,697
-
48,697
34,227
2,400
36,627
12,070
14,470
**2021**
**£**
854
84
6,427
7,365|**Fixtures and**
**fittings**
**£**
27,247
17,195
44,442
24,740
5,911
30,651
13,791
2,507|**Total**
**£**
75,944
17,195|
|---|---|---|---|
||||93,139|
||||58,967
8,311|
||||67,278|
||||25,861|
||||16,977|
||||**2020**
**£**
-
84
5,832|
||||5,916|
Page 17
## **Havering Asian Social And Welfare Association Notes to the Accounts** 12 **Movement in funds**
|12 **Movement in funds**
**Notes to the Accounts**|||||
|---|---|---|---|---|
|**Restricted funds:**
**Endowment funds:**
_Total_
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
13 **Analysis of net assets between funds**
Fixed assets
Net current assets
14 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2020**
50,841
50,841
107,894
107,894
39,881
198,616|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
-
-
70,423
70,423
66,333
136,756
**At 1 April**
**2020**
**£**|**Resources**
**expended**
**£**
-
-
(62,100)
(62,100)
(29,774)
(91,874)
**Unrestricted**
**funds**
**£**
25,861
217,637
243,498
**Cash flows**
**£**|**At 31**
**March**
**2021**
**£**
50,841|
|||||50,841|
|||||116,217|
|||||116,217|
|||||76,440|
|||||243,498|
|||||**Total**
**£**
25,861
217,637|
|||||243,498|
|||||**At 31**
**March**
**2021**
**£**|
|||187,555|37,447|225,002|
|||187,555
187,555|37,447
37,447|225,002|
|||||225,002|
## 15 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
## **Havering Asian Social And Welfare Association Detailed Statement of Financial Activities For the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Admission fee
Award For All
Bollywood Active
Yoga classes fees
Contributions to trips and
excursions
Diwali function
Donations
Fitness fusion
Fundraising
Lunch club
Membership
Reaching Communities
Rent receivable
Vaisakhi
Lottery fund
Raft fund grant
Support grant LBH
Veolia grant
Charitable activities
Other trading activities
Investments
Bank interest receivable
Other
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Costs of other trading activities
Investment management costs|**Unrestricted**
**funds**
**2021**
**£**
-
-
-
312
-
-
-
208
-
-
200
-
2,585
-
9,710
5,000
20,386
27,244
65,645
-
-
688
688
-
66,333
-
-|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
-
70,423
-
-
-
-
-
-
70,423
-
-
-
-
-
70,423
-
-|**Endowment**
**fund**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2021**
**£**
-
-
-
312
-
-
-
208
-
-
200
70,423
2,585
-
9,710
5,000
20,386
27,244
136,068
-
-
688
688
-
136,756
-
-|**Total funds**
**2020**
**£**
30
9,750
2,241
5,918
612
1,105
200
1,887
329
3,072
1,130
68,703
16,180
645
-
-
-
-|
|---|---|---|---|---|---|
||||||111,802|
|||||||
||||||-|
|||||||
||||||-|
||||||694|
||||||694|
|||||||
||||||-|
||||||112,496|
||||||-|
|||||||
||||||-|
|||||||
Page 19
## **Havering Asian Social And Welfare Association Detailed Statement of Financial Act** ~~**ivities**~~
|Charitable activities
Yoga expenses
Bollywood active
Punjabi school expenses
Vaisahki
Fitness fusion
Function express
Lunch club
Wages and salaries
Staff pension
Staff training
Teeyan
Trips and excursions
Volunteer expenses
Governance costs
Accountancy fees
Consultancy fees
Insurance
**Total of expenditure on charitable**
**activities**
Employee costs
Premises costs
Rent
Rates
Light, heat and power
Premises repairs and
maintenance
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Bank charges
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband|-
350
-
-
-
175
-
-
-
-
-
-
-
2,115
2,640
900
-
668
1,568
4,208
-
-
-
3,800
881
1,706
9,979
16,366
2,400
5,911
-
206
-
26
122
535
9,200|-
-
-
-
-
-
-
-
58,930
3,170
-
-
-
-
62,100
-
-
-
-
62,100
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|-
350
-
-
-
175
-
-
58,930
3,170
-
-
-
2,115
64,740
900
-
668
1,568
66,308
-
-
-
3,800
881
1,706
9,979
16,366
2,400
5,911
-
206
-
26
122
535
9,200|-|
|---|---|---|---|---|---|
||||||3,195
1,200
925
528
1,180
461
2,824
58,416
3,084
95
197
550
1,038|
||||||73,693|
||||||900
2,300
695|
||||||3,895|
||||||77,588|
||||||-|
|||||||
||||||-|
||||||-|
||||||3,800
181
2,724
673|
||||||7,378|
||||||2,400
1,074
7
410
336
1,174
729
679|
||||||6,809|
Page 20
## **Havering Asian Social And Welfare Association Detailed Statement of Financial Act** ~~**ivities**~~
|**Total of expenditure of other**
**costs**
**Total expenditure**
**Net income**
**Net income before other**
**gains/(losses)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
25,566
29,774
36,559
36,559
36,559
39,881
76,440|-
-
62,100
8,323
8,323
8,323
107,894
116,217|-
-
-
-
-
-
50,841
50,841|-
25,566
91,874
44,882
44,882
44,882
198,616
243,498|-|
|---|---|---|---|---|---|
|||||||
||||||14,187|
||||||91,775|
||||||20,721|
||||||20,721|
||||||20,721|
||||||177,895|
||||||198,616|
Page 21