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← Ethnic Minority Centre Limited

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 04639520 (England and Wales) REGISTERED CHARITY NUMBER: 1107248

Strategic Report, Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

ETHNIC ETHNIC MINORITY CENTRE LIMITED MINORITY CENTRE LIMITED

Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG

ETHNIC MINORITY CENTRE LIMITED

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024

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Page
Strategic Report 1
Report of the Trustees 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 16
Detailed Statement of Financial Activities 17
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ETHNIC MINORITY CENTRE LIMITED

Strategic Report FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their strategic report for the year ended 31 March 2024.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mrs R Ahmad - Trustee

Page 1

ETHNIC MINORITY CENTRE LIMITED

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

Chairperson: Mrs Raihana Ahmad

Since its inception in 1988 Ethnic Minority Centre is based in London Borough of Merton and at the Vestry Hall. In last 36 years the EMC has become a dynamic, forward looking, a deeply rooted community organisation capable of meeting the challenges of the time.

It is a team work, hence I would like to thank and express our gratitude to each and every one at the EMC including our service users, the staff at the Vestry Hall and our well-wishers and friends in London Borough of Merton, NHS - SW London, Clarion Future, Wimbledon Foundation, Merton Connected, Wimbledon Guild are just a few to mention. Auditors

The auditors, The Owadally & King Partnership will be proposed for reappointment in accordance with the Companies Act. Raihana Ahmad (Mrs.) Chair, Ethnic Minority Centre (EMC)

Vice-Chair: Gene Bovell

As a trustee of the EMC, I am proud to present our achievements and efforts throughout this year. Since its establishment in 1989, the EMC has remained steadfast in its mission: to bring communities together, build community cohesion, and improve the quality of life for BAME communities within the London Borough of Merton and neighbouring areas. This year, we have continued to uphold these principles, creating a welcoming environment that truly feels like a second home for our members and service users.

Treasurer: Abayeh Savage

As a Treasurer, I feel it is time to reflect on the long and bumpy road the organization has navigated from its inception in1988/1999 in terms of finance/funding for its survival. Its mission statement being to improve the well-being of all ethnic minority individuals that live or work in the London Borough of Merton.

Initially, its funding was from the London Borough until 2010, when the Council cuts off funding to all minority organizations in Merton. Since then, the uphill struggle began, and no one would ever envisage the EMC would still be a going concern.

With the determination, dedication, steadfastness, and tenacity of our operational staff of Viji (Bookkeeper) Ming (Information Technology) and Sabitri Ray (Project Director), have been instrumental in keeping the Ethnic Minority Centre afloat.

I have nothing to say but a massive thank you to them for the help and support we have received.

Management Comember: Jeyaseelan Thirukkumaran

The EMC has been active in the London Borough of Merton since 1989 and its aims and objectives have always been "to bring the communities together, build community cohesion and improve the quality of lives of the BAME communities living and working within the London Borough of Merton" and neighbouring boroughs.

EMC is a beautiful family and second home for many service users and members of the EMC. It's purely teamwork from every department in the EMC where they do it organically.

I would like to thank and express our gratitude to everyone at the EMC, including Sabitri Ray who is tirelessly working and improving the EMC's activities and service user's needs , Our lovely service users, staff, the staff at Vestry Hall, Our Well-wishers & friends in the London borough of Merton, NHS-SW London, Wimbledon foundation, Merton connected and Wimbledon Guild.

The EMC is a safe environment for helping each other grow and building a better community within Merton, London, as global citizens.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The activities of the company are that of voluntary community work. This is an umbrella body for black minority ethnic organisations, whose aim is to improve the quality of life of Merton communities.

Page 2

ETHNIC MINORITY CENTRE LIMITED

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES

Trustees

The Trustees who served during the period and up to the date of this report are set out on page 5. None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Trustess Responsibilities

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Company and of the surplus or deficit of the Company for that period. In preparing those financial statements, the trustees are required to:

-select suitable accounting policies and then apply them consistently.

-make judgements and estimates that are reasonable and prudent; and

-prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ACHIEVEMENT AND PERFORMANCE

Achievements and performance

This year, EMC has witnessed tremendous teamwork and collaboration across all departments. Our dedicated staff, volunteers, and supporters have worked tirelessly to organically grow and enhance our programs. I would like to extend my heartfelt gratitude to everyone involved, including:

Sabitri Ray - who has worked tirelessly to enhance EMC's activities and respond to the evolving needs of our service users.

Service Users and Staff - for their dedication and contributions to the EMC's mission.

Vestry Hall Staff, NHS-SW London, Wimbledon Foundation, Merton Connected, and Wimbledon Guild - whose support has strengthened our ability to serve the Merton community effectively.

Community Impact and Development

This year, we have not only provided a safe space for individuals but have actively contributed to building a stronger community. EMC continues to foster connections and provide services that support personal growth, mental well-being, and resilience within the BAME communities we serve. Through our partnerships with local organizations and community members, we have made meaningful strides in enhancing community well-being.

Looking Forward

The EMC remains committed to adapting and expanding its services to meet the evolving needs of our community. Together, we will continue our work to build a more connected and inclusive Merton, empowering individuals to thrive as global citizens.

Thank you all for your dedication, support, and belief in the mission of EMC. It is with great anticipation that we look forward to another year of growth, connection, and impact.

FINANCIAL REVIEW

Financial review

EMC's reserve policy is in place to ensure the ongoing financial stability of the organisation setting aside monies for the long-term goals and ensuring that those funds will be available when needed.

This policy has been adopted to safeguard the assets of Ethnic Minority Centre Ltd. (EMC) so far as possible and to provide clear procedures for controlling the finances of the organisation.

Page 3

ETHNIC MINORITY CENTRE LIMITED

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk Statement

Trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04639520 (England and Wales)

Registered Charity number

1107248

Registered office

The Vestry Hall 336 London Road Mitcham Surrey CR4 3UD

Page 4

ETHNIC MINORITY CENTRE LIMITED

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

Trustees

NAME OF PERSON (OR BODY) ENTITLED TO APPOINT TRUSTEE (IF ANY)

TRUSTEES NAME OFFICE (IF ANY) At the AGM through election by the affiliated organisation & Committee Mrs Raihana Ahmad Chairperson members At the AGM through election by the affiliated organisation & Committee Gene Bovell Vice-Chair members At the AGM through election by the affiliated organisation & Committee Abayeh Savage Treasurer members At the AGM through election by the affiliated organisation & Committee Salim Rahim General Secretary members At the AGM through election by the affiliated organisation & Committee Vipa Shah Committee member members At the AGM through election by the affiliated organisation & Committee Mohammad Abdul Hadi Committee Member members At the AGM through election by the affiliated organisation & Committee Uzma Khan Committee Member members At the AGM through election by the affiliated organisation & Committee Jaysaleen Thirukkumaran Committee Member members At the AGM through election by the affiliated organisation & Committee Cllr Joan Henry Committee Member members At the AGM through election by the affiliated organisation & Committee Fitzroy Dawson Committee Member members Independent Examiner Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG Advisers TYPE OF ADVISOR NAME ADDRESS Merton Connected, Vestry Hall, 336 General adviser Beau Fadahusi London Road, Mitcham, CR4 3UD Merton Connected, Vestry Hall, 336 Financial adviser Genny Jones London Road, Mitcham, CR4 3UD

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

Page 5

ETHNIC MINORITY CENTRE LIMITED

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

Mrs R Ahmad - Trustee

Page 6

Independent Examiner's Report to the Trustees of Ethnic Minority Centre Limited

Independent examiner's report to the trustees of Ethnic Minority Centre Limited ('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.

Farook Owadally FCCA

Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG

Date: .............................................

Page 7

ETHNIC MINORITY CENTRE LIMITED

Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,456
51,554
Investment income
2
98
-
Total
5,554
51,554
EXPENDITURE ON
Raising funds
3
2,981
30,821
Other
2,960
8,392
Total
5,941
39,213
NET INCOME/(EXPENDITURE)
(387)
12,341
RECONCILIATION OF FUNDS
Total funds brought forward
8,974
28,495
TOTAL FUNDS CARRIED FORWARD
8,587
40,836		 2024
Total
funds
£
57,010
98
57,108
33,802
11,352
45,154
11,954
37,469
49,423		 2023
Total
funds
£
35,357
17
35,374
25,355
6,782
32,137
3,237
34,232
37,469

The notes form part of these financial statements

Page 8

ETHNIC MINORITY CENTRE LIMITED

Balance Sheet 31 MARCH 2024

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
7
146
-
CURRENT ASSETS
Debtors
8
-
765
Cash at bank and in hand
21,884
40,071
21,884
40,836
CREDITORS
Amounts falling due within one year
9
(2,092)
-
NET CURRENT ASSETS
19,792
40,836
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,938
40,836
CREDITORS
Amounts falling due after more than one year
10
(11,351)
-
NET ASSETS
8,587
40,836
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
146
765
61,955
62,720
(2,092)
60,628
60,774
(11,351)
49,423
8,587
40,836
49,423		 2023
Total
funds
£
182
-
50,831
50,831
(1,976)
48,855
49,037
(11,568)
37,469
8,974
28,495
37,469

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

The notes form part of these financial statements

continued...

Page 9

ETHNIC MINORITY CENTRE LIMITED

Balance Sheet - 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 ............................................. and were signed on its behalf by:

............................................. R Ahmad - Trustee

............................................. G Bovell - Trustee

The notes form part of these financial statements

Page 10

ETHNIC MINORITY CENTRE LIMITED

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.

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.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

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|||| |---|---|---| |2024|2023| |£|£| |Deposit account interest|98|17|

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Page 11

ETHNIC MINORITY CENTRE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

3. RAISING FUNDS

Raising donations and legacies
Other direct costs
Support costs
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
29,662
4,140
33,802
2024
£
36		 2023
£
21,501
3,854
25,355
2023
£
46

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,889
32,468
Investment income
17
-
Total
2,906
32,468
EXPENDITURE ON
Raising funds
4,985
20,370
Other
940
5,842
Total
5,925
26,212
NET INCOME/(EXPENDITURE)
(3,019)
6,256
RECONCILIATION OF FUNDS
Total funds brought forward
11,993
22,239		 Total
funds
£
35,357
17
35,374
25,355
6,782
32,137
3,237
34,232

continued...

Page 12

ETHNIC MINORITY CENTRE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

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6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 8,974 28,495 37,469
7. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2023 and 31 March 2024 22,087
DEPRECIATION
At 1 April 2023 21,905
Charge for year 36
At 31 March 2024 21,941
NET BOOK VALUE
At 31 March 2024 146
At 31 March 2023 182
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Prepayments 765 -
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,372 1,256
Accrued expenses 720 720
2,092 1,976
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Page 13

ETHNIC MINORITY CENTRE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

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10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Accruals and deferred income 11,351 11,568
11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 8,974 (387) 8,587
Restricted funds
Restricted Fund 28,495 12,341 40,836
TOTAL FUNDS 37,469 11,954 49,423
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,554 (5,941) (387)
Restricted funds
Restricted Fund 51,554 (39,213) 12,341
TOTAL FUNDS 57,108 (45,154) 11,954
Comparatives for movement in funds
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 11,993 (3,019) 8,974
Restricted funds
Restricted Fund 22,239 6,256 28,495
TOTAL FUNDS 34,232 3,237 37,469
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continued...

Page 14

ETHNIC MINORITY CENTRE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

11. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Restricted Fund		 Incoming
Resources
resources
expended
£
£
2,906
(5,925)
32,468
(26,212)		 Movement
in funds
£
(3,019)
6,256
TOTAL FUNDS 35,374
(32,137)		 3,237

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

At 1.4.22
£
Unrestricted funds
General fund
11,993
Restricted funds
Restricted Fund
22,239		 Net
movement
At
in funds
31.3.24
£
£
(3,406)
8,587
18,597
40,836
TOTAL FUNDS
34,232		 15,191
49,423

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

Unrestricted funds
General fund
Restricted funds
Restricted Fund		 Incoming
Resources
resources
expended
£
£
8,460
(11,866)
84,022
(65,425)		 Movement
in funds
£
(3,406)
18,597
TOTAL FUNDS 92,482
(77,291)		 15,191

continued...

Page 15

ETHNIC MINORITY CENTRE LIMITED

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 16

ETHNIC MINORITY CENTRE LIMITED

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants		 2024
2023
£
£
296
756
56,714
34,601
Investment income
Deposit account interest		 57,010
35,357
98
17
Total incoming resources
EXPENDITURE
Raising donations and legacies
Other direct costs
Other
Rent and service charges
Support costs
Management
Telephone
Postage and stationery
Sundries		 57,108
35,374
29,662
21,501
11,352
6,782
2,141
1,899
18
319
69
64
Finance
Insurance
Bank charges		 2,228
2,282
536
442
88
92
Other
Computer expenses
Governance costs
Accountancy and legal fees
Plant and machinery		 624
534
72
72
1,180
920
36
46
1,216
966
Total resources expended 45,154
32,137
Net income 11,954
3,237

This page does not form part of the statutory financial statements

Page 17