# **Havering Asian Social And Welfare Association Charity No. 1104919**
**Company No. 04394262**
**Trustees' Report and Unaudited Accounts For the year ended 31 March 2025**
_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|
|Balance Sheet|8|
|Notes to the Accounts|9 to 16|
|Detailed Statement of Financial Activities|17 to 19|
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 2025.
## **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 Daljit Khush Gurcharan Singh Kooner Hardip Narwal (Resigned 4 April 2024) Kulvir Kaur Manjit Kahlon Mohinder Kaur Namita Tiwari (Resigned 15 July 2024) Parminder Singh (Resigned 26 June 2024) Sansar Singh Narwal Surinder Sedha Surinder Tiwari (Resigned 15 July 2024)
## **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**
We would like to thank all those that have supported HASWA over the past year especially those that have provided substantial financial support these including: -
- The National Lottery Community Fund
- The Mercers Foundation
- Trust For London
- London Borough of Havering Community Chest
- The Garfield Weston Foundation
- Royal Mail Carers Society
Trustees would also like to thank members of the local community for their donations in respect of the purchase of the freehold of the Greenfields Centre, and the continued support for the work of HASWA from Councillor Ray Morgon (Leader of Council) Councillor Stephanie Nunn, Councillor Barry Mugglestone (Ward Councillors) and Margaret Mullane the Member of Parliament for Rainham and Dagenham.
## Services and Support
HASWA caters for and supports the needs of people of all ages and different backgrounds who reside in the London Borough of Havering and surrounding areas with specific emphasis placed upon those that are lonely, isolated and vulnerable.
Unlike other community facilities in Havering, HASWA provides direct affordable support to those in need and as such, relies largely on grants from Charitable Trusts and Foundations to fund its operations further details of which are set out below: -
1. The National Lottery Community Fund (TNLCF) – this is the second year (of a 3-year project) of our “Working Together To Build a Stronger Community” project which has allowed us to continue to provide support and services to the community including yoga, lunch club, Bollywood Dancing etc.
2.The Mercers Foundation – This was the final year of this funding programme which concentrated on Advocacy and Support work. This work, which proved extremely popular, assisted individuals and families with identifying and applying for support, services and entitled benefits including: -
a. Housing Applications
b. Carers Allowance
c. Blue Badges
d. Personal Independence Payments
Page 3
**Havering Asian Social And Welfare Association Trustees Annual Report**
e. Debt Management
f. Immigration Visas
g. Dial A Ride
Once again, this year as seen an increase in the number of individuals seeking assistance.
3. Trust For London – This was the final year of our Outreach programme of work which provided practical and emotional support to individuals and families in the local community.
4. London Borough of Havering Community Chest – This funding specifically enabled HASWA to provide a free twice weekly Chair Yoga sessions, an activity that has proven to be extremely popular. Although the funding run out prior to the end of this financial year, users have continued to participate in the sessions which are now funded through a small payment by each user.
5. Royal Mail Carers Society – A small grant was awarded by this funder who recognised the value of the work carried out by HASWA in the local community, the funding provided being unrestricted in nature.
In addition to the support and services provided, HASWA also promoted a variety National Events and Festivals including: -
- Royal celebrations
- Lohri
- Vaisakhi
- Teeyan
- Diwali
- International Woman’s Day
- Christmas
## Purchase of Freehold
During the financial year, Trustees agreed to negotiate the purchase of the freehold of the Greenfields Centre from the London Borough of Havering with a price of £385,000 being agreed upon. Progress continues to be made in respect of the completion of the purchase which was funded from community donations and a grant of £40,000 from The Garfield Weston Foundation.
## **FINANCIAL REVIEW**
The total incoming resources for the year amounted to £317,551 (2024 - £194,211) and the total resources expended amounted to £173,095 (2024 - £162,829) leaving net surplus for the year of £144,456 (2024 - £31,382). The balance of fund as at 31st March 2025 was £430,483 (2024 - £286,027).
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.
Page 4
## **Havering Asian Social And Welfare Association Trustees Annual Report 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.
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
05 June 2025
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 2025 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**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA.
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
05 June 2025
Page 6
## **Havering Asian Social And Welfare Association Statement of Financial Activities For the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Investments
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
9
Transfers between funds
**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**
**2025**
**£**
48,511
9,493
4,622|**Restricted**
**funds**
**2025**
**£**
254,925
-
-|**Total funds**
**2025**
**£**
303,436
9,493
4,622|**Total funds**
**2024**
**£**
188,127
6,084
-|
|---|---|---|---|---|
||62,626
23,804
23,096|254,925
126,195
-|317,551
149,999
23,096|194,211
139,861
23,295|
||46,900
-|126,195
-|173,095
-|163,156
327|
||15,726
-|128,730
-|144,456
-|31,382
-|
||15,726|128,730|144,456|31,382|
||15,726
260,790|128,730
25,237|144,456
286,027|31,382
254,645|
||276,516|153,967|430,483|286,027|
Page 7
## **Havering Asian Social And Welfare Association Balance Sheet At 31 March 2025 Company No. 04394262**
|**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
11
6,718
6,718
**Current assets**
Cash at bank and in hand
425,354
425,354
**Creditors:**Amount falling due within one year
12
(1,588)
**Net current assets**
423,766
**Total assets less current liabilities**
430,484
**Net assets excluding pension asset or liability**
430,484
**Total net assets**
430,484
**The funds of the charity**
**Restricted funds**
13
Restricted income funds
153,967
153,967
**Unrestricted funds**
13
General funds
276,517
276,517
**Reserves**
13
**Total funds**
430,484|**2024**
**£**
10,938|
|---|---|
||10,938
276,612|
||276,612
(1,523)|
||275,089
286,027|
||286,027|
||286,027|
||25,237|
||25,237
260,790|
||260,790|
||286,027|
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 2025 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 05 June 2025
And signed on its behalf by:
........................................................... ...........................................................
Sansar Singh Narwal Trustee
Mr. Gurcharan Singh Kooner Chairperson
05 June 2025
Page 8
**Havering Asian Social And Welfare Association Notes to the Accounts For the year ended 31 March 2025**
- 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 9
**Havering Asian Social And Welfare Association Notes to the Accounts Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which 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
**==> picture [206 x 47] intentionally omitted <==**
## **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 10
**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 11
**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 gains on investments
**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**
**2024**
**£**
36,487
6,084
42,571
18,875
13,570
32,445
327
10,453
10,453
10,453
250,337
260,790|**Restricted**
**funds**
**2024**
**£**
151,640
-
151,640
120,986
9,725
130,711
-
20,929
20,929
20,929
4,308
25,237|**Total funds**
**2024**
**£**
188,127
6,084|
|---|---|---|---|
||||194,211
139,861
23,295|
||||163,156
327|
||||31,382|
||||31,382|
||||31,382
254,645|
||||286,027|
Page 12
## **Havering Asian Social And Welfare Association Notes to the Accounts** 4 **Income from donations and legacies**
|Admission fee
Bollywood Active
Yoga classes fees
Donations
Flow Mercers
Christmas function income
Fitness fusion
Fundraising
Chitchat
Membership
Reaching Communities
Rent receivable
Lunch club
Miscellaneous groups
IWD
McMillan Cancer Support
Grant LBH
Garfield Weston
Vaisakhi
Contributions to trip and
excursions
Diwali function
IT club
Trust For London
Teeyan
5
**Income from investments**
Bank interest receivable
6
**Other income**
Gift Aid|**Unrestricted**
**£**
304
2,064
4,538
-
-
1,583
2,818
525
85
3,530
-
14,100
4,262
2,500
460
-
5,834
-
1,187
1,320
1,756
493
1,152
48,511|**Restricted**
**£**
-
-
-
35,175
31,464
-
-
-
-
-
134,954
-
-
-
-
-
-
40,000
-
-
-
-
13,332
-
254,925
**Unrestricted**
**£**
9,493
9,493
**Unrestricted**
**£**
4,622
4,622|**Total**
**2025**
**£**
304
2,064
4,538
35,175
31,464
1,583
2,818
525
85
3,530
134,954
14,100
4,262
2,500
460
-
5,834
40,000
1,187
1,320
1,756
493
13,332
1,152
303,436
**Total**
**2025**
**£**
9,493
9,493
**Total**
**2025**
**£**
4,622
4,622|**Total**
**2024**
**£**
98
1,332
4,537
442
35,831
1,079
2,292
-
-
1,360
102,475
11,328
4,446
-
460
750
2,400
-
1,629
1,152
1,803
649
13,334
730|
|---|---|---|---|---|
|||||188,127|
|||||**Total**
**2024**
**£**
6,084|
|||||6,084|
|||||**Total**
**2024**
**£**
-|
|||||-|
Page 13
**Havering Asian Social And Welfare Association Notes to the Accounts**
## 7 **Expenditure on charitable activities**
|**Expenditure on charitable activities**
**ering Asian Social And Welfare Association**
**es to the Accounts**|||||
|---|---|---|---|---|
|_Expenditure on charitable_
_activities_
Bollywood dancing
Yoga expenses
DHOL classes
Punjabi school expenses
Christmas party
McMillan Cancer support
Fitness fusion
Lunch club
International Women's day
Chair Yoga
Wages and salaries
Staff pension
IT and Equipment
Teeyan
Donation
Diwali function
Vaisakhi
_Governance costs_
Accountancy fees
Consultancy fees
Insurance
Other legal and professional
fees|**Unrestricted**
**£**
1,365
2,735
1,621
1,150
1,002
-
1,275
4,378
370
3,495
-
-
843
467
535
1,797
1,322
960
-
455
34
23,804|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
119,072
6,923
-
-
-
-
-
-
200
-
-
126,195|**Total**
**2025**
**£**
1,365
2,735
1,621
1,150
1,002
-
1,275
4,378
370
3,495
119,072
6,923
843
467
535
1,797
1,322
960
200
455
34
149,999|**Total**
**2024**
**£**
1,950
5,660
-
1,110
970
750
1,175
6,124
-
-
107,688
6,340
980
-
-
1,477
459
960
3,200
1,005
13|
|||||139,861|
Page 14
**Havering Asian Social And Welfare Association Notes to the Accounts**
## 8 **Other expenditure**
|Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
10 **Staff costs**
No employee received emoluments in excess of £60,000.
11 **Tangible fixed assets**
**Cost or revaluation**
At 1 April 2024
At 31 March 2025
**Depreciation and**
**impairment**
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024
12 **Creditors:**
amounts falling due within one year
Other creditors
Accruals and deferred income|**Unrestricted**
**£**
1,350
15,970
4,220
1,556
23,096
**2025**
**£**
4,220
**Land and**
**buildings**
**£**
48,697
48,697
43,827
2,400
46,227
2,470
4,870
**2025**
**£**
628
960
1,588|**Total**
**2025**
**£**
1,350
15,970
4,220
1,556
23,096
**Fixtures and**
**fittings**
**£**
47,657
47,657
41,589
1,820
43,409
4,248
6,068|**Total**
**2024**
**£**
1,341
14,932
5,000
2,022|
|---|---|---|---|
||||23,295|
||||**2024**
**£**
5,000
**Total**
**£**
96,354|
||||96,354|
||||85,416
4,220|
||||89,636|
||||6,718|
||||10,938|
||||**2024**
**£**
563
960|
||||1,523|
Page 15
## **Havering Asian Social And Welfare Association Notes to the Accounts** 13 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
14 **Analysis of net assets between funds**
Fixed assets
Net current assets
15 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2024**
25,237
25,237
260,790
286,027|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
254,925
254,925
62,627
317,552
**At 1 April**
**2024**
**£**|**Resources**
**expended**
**£**
(126,195)
(126,195)
(46,900)
(173,095)
**Unrestricted**
**funds**
**£**
6,718
423,766
430,484
**Cash flows**
**£**|**At 31**
**March**
**2025**
**£**
153,967|
|---|---|---|---|---|
|||||153,967|
|||||276,517|
|||||430,484|
|||||**Total**
**£**
6,718
423,766|
|||||430,484|
|||||**At 31**
**March**
**2025**
**£**|
|||276,612|148,742|425,354|
|||276,612
276,612|148,742
148,742|425,354|
|||||425,354|
## 16 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 16
**Havering Asian Social And Welfare Association Detailed Statement of Financial Activities For the year ended 31 March 2025**
|**Income and endowments from:**
Donations and legacies
Admission fee
Bollywood Active
Yoga classes fees
Donations
Flow Mercers
Christmas function income
Fitness fusion
Fundraising
Chitchat
Membership
Reaching Communities
Rent receivable
Lunch club
Miscellaneous groups
IWD
McMillan Cancer Support
Grant LBH
Garfield Weston
Vaisakhi
Contributions to trip and
excursions
Diwali function
IT club
Trust For London
Teeyan
Investments
Bank interest receivable
Other
Gift Aid
**Total income and endowments**
**Expenditure on:**
Charitable activities
Bollywood dancing
Yoga expenses
DHOL classes|**Unrestricte**
**d funds**
**2025**
**£**
304
2,064
4,538
-
-
1,583
2,818
525
85
3,530
-
14,100
4,262
2,500
460
-
5,834
-
1,187
1,320
1,756
493
-
1,152
48,511
9,493
9,493
4,622
4,622
62,626
1,365
2,735
1,621|**Restricted**
**funds**
**2025**
**£**
-
-
-
35,175
31,464
-
-
-
-
-
134,954
-
-
-
-
-
-
40,000
-
-
-
-
13,332
-
254,925
-
-
-
-
254,925
-
-
-|**Total funds**
**2025**
**£**
304
2,064
4,538
35,175
31,464
1,583
2,818
525
85
3,530
134,954
14,100
4,262
2,500
460
-
5,834
40,000
1,187
1,320
1,756
493
13,332
1,152
303,436
9,493
9,493
4,622
4,622
317,551
1,365
2,735
1,621|**Total funds**
**2024**
**£**
98
1,332
4,537
442
35,831
1,079
2,292
-
-
1,360
102,475
11,328
4,446
-
460
750
2,400
-
1,629
1,152
1,803
649
13,334
730|
|---|---|---|---|---|
|||||188,127|
|||||6,084|
|||||6,084|
|||||-|
|||||-|
|||||194,211
1,950
5,660
-|
Page 17
|Punjabi school expenses
Christmas party
Fitness fusion
Lunch club
International Women's day
Wages and salaries
Staff pension
IT and Equipment
Chair Yoga
McMillan Cancer support
Teeyan
Donation
Diwali function
Vaisakhi
Governance costs
Accountancy fees
Consultancy fees
Insurance
Other legal and professional fees
**Total of expenditure on charitable**
**activities**
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Equipment expensed
Software, IT support and related
costs
Stationery and printing
Subscriptions
**Havering Asian Social And Welfare Association**
**Detailed Statement of Financial Activities**|1,150
1,002
1,275
4,378
370
-
-
843
3,495
-
467
535
1,797
1,322
22,355
960
-
455
34
1,449
23,804
1,350
1,350
4,267
7,438
1,686
2,579
15,970
2,400
1,820
-
98
389
183|-
-
-
-
-
119,072
6,923
-
-
-
-
-
-
-
125,995
-
200
-
-
200
126,195
-
-
-
-
-
-
-
-
-
-
-
-
-|1,150
1,002
1,275
4,378
370
119,072
6,923
843
3,495
-
467
535
1,797
1,322
148,350
960
200
455
34
1,649
149,999
1,350
1,350
4,267
7,438
1,686
2,579
15,970
2,400
1,820
-
98
389
183|1,110
970
1,175
6,124
-
107,688
6,340
980
-
750
-
-
1,477
459|
|---|---|---|---|---|
|||||134,683|
|||||960
3,200
1,005
13|
|||||5,178|
|||||139,861
1,341|
|||||1,341|
|||||4,267
5,329
940
4,396|
|||||14,932|
|||||2,400
2,600
99
132
496
461|
Page 18
|Sundry expenses
Telephone, fax and broadband
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Havering Asian Social And Welfare Association**
**Detailed Statement of Financial Activities**|23
863
5,776
23,096
46,900
-
15,726
15,726
-
15,726
260,790
276,516|-
-
-
-
126,195
-
128,730
128,730
-
128,730
25,237
153,967|23
863
5,776
23,096
173,095
-
144,456
144,456
-
144,456
286,027
430,483|3
831|
|---|---|---|---|---|
|||||7,022|
|||||23,295|
|||||163,156
327|
|||||31,382|
|||||31,382
-|
|||||31,382|
|||||254,645|
|||||286,027|
Page 19