REGISTERED COMPANY NUMBER: 04660951 (England and Wales) REGISTERED CHARITY NUMBER: 1108641
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
INDIAN COMMUNITY CENTRE ASSOCIATION
Lemans
29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
INDIAN COMMUNITY CENTRE ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | to | 11 |
| Notes to the Financial Statements | 12 | to | 20 |
| Detailed Statement of Financial Activities | 21 | to | 22 |
INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report and the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2019.
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the association are to:
a) Promote the benefit of the Indian inhabitants of the City of Nottingham and the surrounding areas of Long Eaton, Sandiacre, Heanor, Ilkeston and Sawley by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education, and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the objects of improving the conditions of life of the said inhabitants;
b) Co-operate with local statutory agencies including local authorities in the maintenance and management of a centre for activities promoted by the association and its constituent bodies in furtherance of the above objects;
c) To promote good relations between persons of all racial groups within the area of benefit.
Overall management of the association is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day project activity is carried out by paid staff.
The trustees confirm that they have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011 when reviewing the charity's aims and objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The ICCA can report that due to the COVID-19 pandemic it has not been able to provide the range of services for the local community during the 2020/21 period. The funding environment for the charity was very challenging due to lock-down and the continued government restrictions throughout the financial year.
Cultural Events at the ICCA
The usual ICCA cultural events programme includes New Years Eve; Republic Day; Vaisakhi; Navratri (delivered with Gujarat Samaj); Indian Independence Day and Diwali. Most of these could not be held in the usual way due to the COVID-19 pandemic as we went into lock-down, and also due to social distancing rules. However, the centre and the Day-Care centre which re-opened in August despite the restrictions did manage to mark some cultural occasions on a smaller scale.
ICCA 50 + Association
Some of the activities of the 50+ could not take place due to the pandemic however they did carry out some yoga sessions, however these did not take place in the centre due to it being closed for part of the year as a result of lock-down and health and safety concerns as a result of the pandemic. However they continued to meet up on a smaller scale in outdoor spaces to carry out some sessions.
ICCA Cricket
No ICCA Cricket took place this year.
Page 1
INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW Financial position Financial position Financial review 2020/21.
Full details of the financial activities of the charity are available separately and this account is a very brief description of the results. In common with many other organisations the current financial situation has continued to mean difficult times for the financial year due to COVID-19 pandemic which resulted in us unable to raise income from our usual sources.
Values are given to the nearest thousand. The overall result for the year 2020/21 was a surplus of income over expenditure of £13k and resulted in an increase in net assets. Expenditure was higher of £158k compared with £154k in 2019/20 due to increased salaries and other general expenses. Income was £171k compared with £133k in the previous year. The income had increased due to grants applied for and received and amounted to £139K. A full list of grant givers can be found further in the accounts. The Income from Day Care and Lunch Club was steady from Mid-August onwards when they both re-opened. The Day care income was £5.5k. The Dosti Luncheon Club income was £17k. Both Daycare and The Dosti Luncheon Club represent only 7 months income as the centre was closed from April 2020 until mid-August 2020 due to pandemic lock-down rules and when they re-opened they were operating under strict social distancing and lock-down rules which affected their ability to generate more income than usual.
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INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW Principal income sources Atrium Sales
For more information please visit our website: www.The AtriumNottingham.co.uk which has generated many leads and interest from potential customers.
ICCA Day Care
The Day Care services based at the Indian Centre is an award winning service, having won the National Care Award in the Care Team category in 2014 in the prestigious care sector awards.
This year unfortunately due to restrictions imposed by the government the Day-Centre had to close in April 2020. However after a short-period of closure it re-opened in mid August 2020 for respite cases due to demands from its users and family who were in need and struggling to cope without the support of the centre.
The centre continued to provide sustained support, care, by means of social inclusion and promotion of people's independence in partnership with other statutory and voluntary organisations. We provide care to citizens with sensory or physical disabilities, citizens with mental health problems or other health related issues. Our services also aims to provide respite to carers which was the main service we provided this year.
Our Day Centre remains the busiest and best attended in the City of Nottingham amongst the BME centres but this is partly as a result of the ICCA protecting its Day Care clients from rises in the costs of providing care through our partnership with Nottingham and Nottinghamshire Social Services. The ICCA subsidises these costs through its charitable investment of over £10K each year so that users do not have to worry about increased costs of attendance.
Due to the financial changes in the social sector, with the introduction of self-directed support and personal budgets and the need for efficiency savings by government and local government bodies, plus higher charges and stricter eligibility criteria for those using Day Care Services, the overall number of attendees and the number of days that they attend has seen some reductions. The pandemic also had a great effect on the users due to social distancing, we had to limit the number of citizens who could attend the centre at any one time. Citizens who were able to attend benefited from a range of activities that were still provided .
It is important that the ICCA and its partners continue to promote the benefits of attending our Day Care to vulnerable elderly members of our community
ICCA Dosti Luncheon Club
The luncheon club unfortunately had to close during the first lock-down due to government restrictions. However it re-opened in August 2020, the same time as the Day Care Centre. It continued to be restricted throughout the year due to lock-down rules, however it continued to offer its services albeit in a limited capacity. The Dosti Luncheon club continues to be popular with local residents and staff working in local businesses and the broader public or delegates at conferences and meetings booked in to the centre. We continued to post the variable menu on the ICCA's facebook page, our website page on a weekly basis and in addition to this we also published it on deliveroo which was a new service.
Standards of food safety and hygiene are high and conform to industry codes with competent management, receiving five stars. Dosti Luncheon Club provides both eat-in or take way options.
ICCA Visa Travel
This service was stopped to visitors due to lock-down of the centre although support and advise continued remotely by telephone and email.
Page 3
INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
Reserves policy
The committee has considered the reserves held by the Indian Community Centre Association as at 31 March 2021.
The association needs reserves to enable it to develop its long term aims as well as ensuring the continuation of its current activities. In order to meet their responsibilities and to ensure that the charity continues to operate on a going concern basis the committee have reviewed the requirements and risks faced by the association.
The free reserves of the charity at the balance sheet date stood at £255,055. The committee have assessed the needs and risks the charity faces and believes that free reserves are adequate to meet the obligations of the organisation.
The charity defines its free reserves as its unrestricted net current assets. To ensure that the charity can meet its development aims and objectives the committee will re-assess the reserves policy on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Indian Community Centre Association ("ICCA") is a company limited by guarantee within the meaning of the Companies Act 2006 and a registered charity governed by the rules set in its Memorandum and Articles of Association (last updated February 2005).
Charity constitution and management
Membership to the association is open by annual subscription to all persons of Indian ethnic origin who are interested in furthering the aims of the association.
The management of the association is undertaken by the Executive Board. The Executive Board are elected from the membership by ballot every four years. All office bearers are appointed from within the Executive Board. The Board are responsible for the governance of the association and have the right under the Companies Act to manage the association how it sees fit, providing this falls in line with the Articles of Association and the Charities board guidance and rules of engagement.
The Board ordinarily meet once per month to manage the association. Most of the activities are monitored and controlled through sub-committees of the full executive Board. Day to day project activity is carried out by paid staff.
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INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The board of trustees are appointed in accordance with the Articles of Association of the association.
This is as follows:
-
The Executive Committee shall be elected every four years. Committee members shall have the right to be re-nominated for election to the Executive Committee.
-
The election shall be held on the fourth Sunday of April in the election year. In the event that the election cannot take place on this date the Association shall give the members not less than four weeks' notice in writing advising the revised date for the election provided that the election shall not take place after the second Sunday in June.
-
A full member shall not be entitled to stand for election to the Executive Committee or hold a position as a member of the Executive Committee at any time during which he or she is a director of the Indian Community Trust.
-
The Executive Committee shall invite the nominations from the full members six weeks before the date of election in the election year. The nomination notice shall be delivered to the registered office of the association accompanied by the nomination fee, as determined by the Executive Committee from time to time, and shall contain the names and addresses of the nominee, the proposer and the seconder. Any withdrawal of the nominations must be served upon the Charity at its registered office at least four calendar weeks before the date of the election.
-
The Executive Committee Members shall be elected by a secret ballot paper and the first seventeen securing the most votes will be declared as elected to serve on the Executive Committee of the Charity.
-
A losing candidate may request a recount of votes if the margin of the votes that have been cast from the nearest winning candidate is not more than twenty votes.
-
The election shall be supervised by an independent voluntary community organisation such as the Racial Equality Council or such other community organisation as the Executive Committee shall think fit.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have had regular meetings throughout the year to identify and deal with any risks to the charity by the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
This work has identified that the financial sustainability is the major financial risk for the charity and has worked on measures to ease this. A key element in the management of financial risk is a regular review of available liquid funds to make sure we have sufficient working capital to meet all our financial obligations.
Attention has also been focussed on non-financial risks i.e. fire, health and safety. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place and regular awareness training for staff working in these operational areas.
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INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT COVID-19
The Government's response to the Covid-19 pandemic in mid March 2020 to close all non-essential businesses which included the ICCA initially took our income down to zero. Followed by us placing most of our staff into the Government Furlough scheme. At this point, without any knowledge of when we would be allowed to re-open, it was estimated that our reserves may have lasted until September/October 2020 when we would more than probably have had to cease trading.
We applied and received the business grant from the Nottingham City Council in April 2020 and this went towards paying for the on-going expenses of the centre which we were still incurring even though we were shut.
Although we had to shut the centre, we continued to work remotely and on a positive note during the "lockdown" we were still receiving enquiries for our services.
In July when it was looking like the lock-down could be longer than we thought the board started to make strategy plans to try and sustain the centre if it was possible by considering staff redundancies and also to apply for Grant funding. Both things we had not needed to do before or consider.
We applied and were successful in receiving grants in August 2020 and September 2020, which were a life-line to us and would help us through the difficult situation we found ourselves in, however by that time we had already had a staff meeting and started Redundancy consultations. After careful consideration it was felt that we needed to go ahead with some of the redundancies as the lock-down and restrictions were continuing and there were no viable jobs for some of the staff in the near future who were at present furloughed. This was a very difficult decision given the length of time some of the staff had serviced the centre.
In mid-August we re-opened the Day-care for people who were in need of Respite and also re-opened the Dosti-Luncheon Club. This was done with only essential staff needed to run the services and the rest of staff still furloughed.
A future business plan has been agreed by the Board and has started to be implemented to enable new ways of providing our services, The Board have also agreed to take this opportunity to restructure and address the issues that were needed in order to sustain the centre and secure its future which although is still uncertain we believe will improve enough for us once again to run our services for the benefit of the community.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04660951 (England and Wales)
Registered Charity number
1108641
Registered office
29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
Principal address
99 Hucknall Road Carrington Nottingham Nottinghamshire NG5 1QZ
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INDIAN COMMUNITY CENTRE ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
Trustees
P S Bhapkar Director S S Dhaliwal Director J K Gajree Retired Accountant K Gorecha Unemployed P S Johal Self Employed (resigned 21.7.21) A K Kandola Chief Executive - Mental Health Services J S Lehal Self Employed V S Mahal Director R Mistry Director (resigned 19.11.20) S S Soor Solicitor G S Vohra IT Specialist S Lodh (resigned 19.11.20) S S Sanghera Business Owner Mrs G K Bains (appointed 20.5.21)
Company Secretary
S S Soor
Independent Examiner
Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
Bankers
Lloyds Bank Plc 12-16 Lower Parliament Street Nottingham NG1 3DA
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J K Gajree - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INDIAN COMMUNITY CENTRE ASSOCIATION
Independent examiner's report to the trustees of Indian Community Centre Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
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:
-
accounting records were not kept in respect of the Company as required by 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 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
-
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.
Karen Mealand Lemans 29 Arboretum Street Nottingham Nottinghamshire NG1 4JA
Date: .............................................
Page 8
INDIAN COMMUNITY CENTRE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| 31.3.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 4 138,778 Charitable activities 6 General 32,216 Other trading activities 5 190 Total 171,184 EXPENDITURE ON Charitable activities 7 General 157,933 NET INCOME/(EXPENDITURE) 13,251 RECONCILIATION OF FUNDS Total funds brought forward 297,848 TOTAL FUNDS CARRIED FORWARD 311,099 |
31.3.20 Total funds £ 3,136 75,197 55,380 133,713 154,193 (20,480) 318,328 297,848 |
|---|---|
The notes form part of these financial statements
Page 9
INDIAN COMMUNITY CENTRE ASSOCIATION
BALANCE SHEET
31 MARCH 2021
| 31.3.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 5,944 Investments 13 50,100 56,044 CURRENT ASSETS Debtors: amounts falling due within one year 14 9,590 Debtors: amounts falling due after more than one year 14 184,190 Cash at bank 67,677 261,457 CREDITORS Amounts falling due within one year 15 (6,402) NET CURRENT ASSETS 255,055 TOTAL ASSETS LESS CURRENT LIABILITIES 311,099 NET ASSETS 311,099 FUNDS 17 Unrestricted funds 311,099 TOTAL FUNDS 311,099 |
31.3.20 Total funds £ 1,402 50,100 51,502 586 178,136 76,573 255,295 (8,949) 246,346 297,848 297,848 297,848 297,848 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
BALANCE SHEET - continued
31 MARCH 2021
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:
............................................. V S Mahal - Trustee
The notes form part of these financial statements
Page 11
INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. GENERAL INFORMATION
The charity is a private company limited by guarantee and is incorporated in England and Wales. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its principal place of business is:
99 Hucknall Road Carrington Nottingham NG5 1QZ
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements have been under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of the accounts on a going concern basis
The accounts have been prepared under the going concern concept, however due to the Covid-19 pandemic the Charity is still not fully functional. The Trustees believe that future funding and sources of income will be sufficient to enable the Charity to continue to provide their services.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Preparation of consolidated financial statements
The financial statements contain information about Indian Community Centre Association as an individual charity and do not contain consolidated financial information as part of a small group. The charity is exempt under Section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
Donations and grants are accounted for when they are received. All other income is accounted for on the accruals concept.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Other trading activities income is recognised on a receivables basis.
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. ACCOUNTING POLICIES - continued
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.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Investments
Fixed asset investments are recorded at cost less impairment.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Preparation of the financial statements requires management to make significant judgements and estimates. During the preparation of these financial statements there have been no significant or material judgements and estimates that require disclosure.
4. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Grants |
31.3.21 £ 140 138,638 138,778 |
31.3.20 £ 3,136 - |
| 3,136 |
Grants received, included in the above, are as follows:
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Nottingham City Council - Hospitality grant | 10,000 | - |
| Nottingham City Council - Small business grant | 2,000 | - |
| Nottingham City Council - Lockdown | 5,729 | - |
| Nottingham City Council - Covid recovery | 1,635 | - |
| Nottingham City Council - Other | 12,500 | - |
| Nottinghamshire County Council | 500 | - |
| Net Nottinghamshire | 9,500 | - |
| National Lottery Covid Response | 41,000 | - |
| DEFRA | 5,000 | - |
| Coronavirus Job Retention Scheme | 44,274 | - |
| Thomas Farr | 3,500 | - |
| J N Derbyshire Trust | 2,500 | - |
| Tesco Groundwork | 500 | - |
| 138,638 | - | |
5. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Membership fees | - | 360 |
| Events income | 190 | 43,286 |
| Visa fees | - | 9,159 |
| Visa disbursements | - | 2,575 |
| 190 | 55,380 |
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
6. INCOME FROM CHARITABLE ACTIVITIES
| Activity Grants General Cricket income General Day care General Lunch club General Grants received, included in the above, are as follows: Nottingham City Council Nottingham Equal 7. CHARITABLE ACTIVITIES COSTS General 8. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Independent Examiner's Fees |
Direct Costs £ 149,237 |
31.3.21 £ 9,384 - 5,511 17,321 32,216 31.3.21 £ 9,384 - 9,384 Support costs £ 8,696 31.3.21 £ 1,860 2,400 |
31.3.20 £ 24,122 300 22,287 28,488 75,197 31.3.20 £ 23,122 1,000 24,122 Totals £ 157,933 |
|---|---|---|---|
| 31.3.20 £ 579 2,000 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
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continued...
INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
10. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Wages and salaries | 94,189 | 71,980 |
| Social security costs | - | 413 |
| Other pension costs | 747 | 317 |
| 94,936 | 72,710 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.3.21 | 31.3.20 | |
| Administration | 8 | 6 |
No employees received emoluments in excess of £60,000.
11. PENSION COMMITMENTS
The company operates a defined contribution scheme. The assets are managed independently of the company and contributions are charged to the Statement of Financial Activities in the period they are made. The charge for the year was £747 (2020 - £317).
12. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Fixtures and fittings £ 17,062 6,402 |
|---|---|
| 23,464 | |
| 15,660 1,860 |
|
| 17,520 | |
| 5,944 | |
| 1,402 |
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continued...
INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
13. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| COST LESS IMPAIRMENT | |
| At 1 April 2020 and 31 March 2021 | 50,100 |
| NET BOOK VALUE | |
| At 31 March 2021 | 50,100 |
| At 31 March 2020 | 50,100 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
ICCA Enterprises CIC
Registered office: Nature of business: Conference and banqueting facilities
| % | |||
|---|---|---|---|
| Class of share: | holding | ||
| Ordinary | 100 | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Aggregate capital and reserves | (62,919) | (55,326) | |
| Loss for the year | (7,593) | (41,143) |
Indian Community Centre Association holds 100% (2019 - 100%) of the ordinary A shares and voting rights of Indian Community Centre (Property) Limited. The registered office of Indian Community Centre (Property) Limited is 29 Arboretum Street, Nottingham, NG1 4JA.
Under the provision of section 399 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
On 27 January 2014 Indian Community Centre (Property) Limited passed a Special Resolution to approve the adoption of new articles of association. The share capital is still:
50,000 ordinary A Shares owned by Indian Community Centre Association and;
100,000 ordinary B Shares owned by Indian Community Centre (Foundation) Limited.
For as long as the A Shares are held by Indian Community Centre Association or a permitted organisation:
The B Shares do not confer upon the holders thereof any right to receive any dividend or any other income or distribution of capital;
The B Shares do not confer upon the holders thereof any rights to vote on any proposed resolution of the company except the reserved matters detailed in 6.1 of the new articles of association.
If at any time the holders of the A Shares are neither the Indian Community Centre Association nor a permitted organisation or the Indian Community Centre Association substantially changes its objectives then:
The A Shares would not confer upon the holders thereof any right to receive any dividend or any other income or distribution of capital;
continued...
Page 17
INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
13. FIXED ASSET INVESTMENTS - continued
The A Shares would not confer upon the holders thereof any rights to attend, vote at or receive notice of any proposed written resolution;
The B Shares would confer upon the holders the right to participate in ay dividend or any other distribution whether income or capital;
The B Shares would confer upon the holders the right to vote on any proposed resolution of the Company.
Indian Community Centre Association holds 100% of the ordinary share capital of ICCA Enterprises C.I.C. The registered office is 29 Arboretum Street, Nottingham, NG1 4JA.
14. DEBTORS
| DEBTORS | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Amounts falling due within one year: | ||
| Trade debtors | - | 351 |
| Other debtors | 9,590 | - |
| Prepayments | - | 235 |
| 9,590 | 586 | |
| Amounts falling due after more than one year: | ||
| Amounts owed by group undertakings | 184,190 | 178,136 |
| Aggregate amounts | 193,780 | 178,722 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Trade creditors | 1,296 | 5,072 |
| Social security and other taxes | - | 1,336 |
| Other creditors | 100 | 100 |
| Accruals and deferred income | 5,006 | 2,441 |
| 6,402 | 8,949 |
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Within one year | 1,534 | 1,534 |
| Between one and five years | - | 1,534 |
| 1,534 | 3,068 |
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
17. MOVEMENT IN FUNDS
| At 1.4.20 £ Unrestricted funds General fund 297,848 TOTAL FUNDS 297,848 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 171,184 TOTAL FUNDS 171,184 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 318,328 TOTAL FUNDS 318,328 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 133,713 TOTAL FUNDS 133,713 |
Net movement At in funds 31.3.21 £ £ 13,251 311,099 13,251 311,099 Resources Movement expended in funds £ £ (157,933) 13,251 (157,933) 13,251 Net movement At in funds 31.3.20 £ £ (20,480) 297,848 (20,480) 297,848 Resources Movement expended in funds £ £ (154,193) (20,480) (154,193) (20,480) |
|---|---|
continued...
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INDIAN COMMUNITY CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.19 £ 318,328 318,328 |
Net movement in funds £ (7,229) (7,229) |
At 31.3.21 £ 311,099 |
|---|---|---|---|
| 311,099 |
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 TOTAL FUNDS |
Incoming resources £ 304,897 304,897 |
Resources Movement expended in funds £ £ (312,126) (7,229) (312,126) (7,229) |
Resources Movement expended in funds £ £ (312,126) (7,229) (312,126) (7,229) |
|---|---|---|---|
| (7,229) |
18. RELATED PARTY DISCLOSURES
Indian Community Centre Association holds one third of the issued share capital of Indian Community Centre (Property) Limited, and 100% of the voting rights. The Directors of Indian Community Centre (Property) Limited are also trustees of Indian Community Centre Association. At 31 March 2021 £124,418 (2020 - £132,218) was due from Indian Community Centre (Property) Limited and is included within debtors.
Rent and insurance recharges from Indian Community Centre (Property) Limited to Indian Community Centre Association amounted to £7,800 (2020 - £5,850).
Administration charges from ICCA Enterprises CIC amounted to £nil (2020 - £9,000). At 31 March 2021 £59,772 (2020 - £45,918) was due from ICCA Enterprises C.I.C. and is included within debtors.
19. GOING CONCERN
Due to the Covid-19 pandemic the provision of charitable activities has recommenced at lower levels. The Trustees believe that future funding and sources of income will be sufficient to enable the Charity to continue to provide their services.
Page 20
INDIAN COMMUNITY CENTRE ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 140 | 3,136 |
| Grants | 138,638 | - |
| 138,778 | 3,136 | |
| Other trading activities | ||
| Membership fees | - | 360 |
| Events income | 190 | 43,286 |
| Visa fees | - | 9,159 |
| Visa disbursements | - | 2,575 |
| 190 | 55,380 | |
| Charitable activities | ||
| Grants | 9,384 | 24,122 |
| Cricket income | - | 300 |
| Day care | 5,511 | 22,287 |
| Lunch club | 17,321 | 28,488 |
| 32,216 | 75,197 | |
| Total incoming resources | 171,184 | 133,713 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages and salaries | 94,189 | 71,980 |
| Staff NIC (employers) | - | 413 |
| Pensions | 747 | 317 |
| Rent and rates | 9,955 | 7,097 |
| Insurance | 3,251 | - |
| Light and heat | 11,868 | - |
| Office expenses | 3,366 | 4,176 |
| Visa disbursements | - | 2,575 |
| Event costs | 2,719 | 17,462 |
| Catering and food costs | 10,833 | 23,528 |
| Cricket and hockey sponsorship | - | 500 |
| Transport for day care | 1,214 | 12,058 |
| Administration charge | - | 9,000 |
| Health and safety | 2,299 | - |
| Repairs and renewals | 6,937 | - |
| Fixtures and fittings | 1,859 | 579 |
| 149,237 | 149,685 | |
| Support costs | ||
| Management | ||
| Sundries | 178 | 127 |
This page does not form part of the statutory financial statements
Page 21
INDIAN COMMUNITY CENTRE ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| FOR THE YEAR ENDED 31 MARCH 2021 | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Management | ||
| Finance | ||
| Bank charges | 879 | 1,331 |
| Governance costs | ||
| Accountancy and legal fees | 7,639 | 3,050 |
| Total resources expended | 157,933 | 154,193 |
| Net income/(expenditure) | 13,251 | (20,480) |
This page does not form part of the statutory financial statements
Page 22