REfIsTERED COIViPANY NUMBER. 046611951 (EnglaDd and Wales) REGISTERED CHARrry NUMBER: 1108641 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR OMMUTrllTY CENfRE A SOCIATION Lernans Chartered Certifjed Accountsnts 29 Arboretum Street Nottingham Nottingh&wshir¢ NGI 4JA
INDIAN COM*J IUNrrY CEIYTR£ ASSOCIATION CONfEIYTS OF THE FINANCL4L STATEMENTS ENDED 31 MAR 025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Ffinancial Statements 10 to 19 Detailed Statement of Finalldal Activities 20 to 21
IriDIAN COMMUNITY CENIJiE ASSOCLITION REPORT OF TI TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees wl)o are also directors of the cliarity foi th¢ purposes of the Companies Act 2006, pr¢sent their report with the financi ststernents of the charity for the year ended 31 Manh 2025, The ttustees have adopted the PTovisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to clwities preparing their accounts in accoidance with tbe Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102) (effective I January 2Q19). The financial ststenents have been prepared ill accordance with tbe 2ccounting policies set out in notes to the accounts and comply with the Chity's goven)ing do¢umenL the Charities Act 2011 and Accounting and Repothig by Clwities: Stateinent of Recominended Practice applicable to clwities preping their accounts in accordanc¢ wit]] tbe Financial Reporting Stsod'd applicable in the UK and Republic of ITeland publisbed in October 2019. OBJECTtVES AND ACTIVITIES Objectives 2nd aijns Tbe objects of tbe association are to.. a) Promote the benefit of the Lndtan iJ)habitants of the City of N0ttillgha and the Sound]ng areas of Long Eaton, Sandiacte, Heanor, Ilkeston and Sawley by 2ssociatillg the local authoLities, volllntary organisations and inbabitonts in a Cotllmon effort to advance educatioo 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 inhabitsnts. b) Co-OPd2te with local stathtory agencies includints local authorities in the tnaintenance and management of a centre for activAtie£ promoted by the association aud its constituent bodies in fiLrtber&nce of the above objects. c) To promote good relation5 between persolls of alL racial groups withill the &rea of benefit. Over&ll management of the association is the responsibility of the bustees who are elected and co-opted urkder the tenns of the constitution. Day to day project activity is cattied out by paid stsff. The trustees confirnl tbat they have given due consideration to tbe Charity Commission's published guidance on the Publi Benefit requirement under the Charities Act 2011 when reviewing the charity's aiuls and objectiv. ACHtEVEMENTS AM) PERFORMANCE Charitable activities The ICCA (xn report that in thi5 financial year our seie deLivery has now Teturned back to nornial. We were able to provide a range of Services for the local con]muL)ity during the 2024125 period CuJthrg1 Evellts at the ICCA The events beld in the year includeA the Independence Day, Republic Day and Nav¥Jatri. These evettts weir all very well attend¢d alld successful and enjoyed by the cornmuntty at large. ICCA 50 + Association The activities of the 50 plus were as usual. They continued to hold yoga sessions twice a week aJJd show a movie every month. They also did trips and end of month meals 2nd ta]ks on tllany he21tb refrd iuS iticluding dementia awaretÈess. They were all almed at keeping the over 50 fit and healthy and tackle isolation. Sports & Actlviti£s Drarna for children sessions took ple tbrougbout the year in partnership with the Nottingham Playhouse. Page I
I1lAN COMMUNITY CENfRE "SOCL4TION REPORT OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 202 FINANCIAL REVIEMI Financial Review The Financia] position in 2024125 is as follows alld filll details of the financial activities of ttse charity are available separatety and this 2ccount is a very brief descripti4Jn of the results. Values are oiven to the iieaiESt thousand. The over811 rewlt foi. the year 2024125 was a loss of £20k and resulted in a deC[e in net 2ssets to £301L ExpendiÉure was £l18k compared with £124k in 2023124. Illcome was £99k compared with £127k in the previous year 2023124. The income had decwed due to the Meal grnit which was halved by Nottingham City Council due to pressures on their own budget. We also did not hold any Diwali event which contributed greatly towards the intoe in the previous year. The dem8lld from the cornmunity for the charities service5 Stayed strong, howeveT dlle to increased prices the expenses weiE Still high. The Income from Day Care and Lunch Club decreased. The Day c&e income £16k compared to £16.4k in 202312024. The Dosti Luncbeon Club income was £44k compared to £47k in 202J124. Principal income sources ICCA Day Care The Day Care services based at tbe IndiaJ] Centre is an award WiDJJillg service, having won the National C8re Award in the Care Team category in the p&8t in the ptIO10 Care sector awards. This year the day centre CODtinued to deliver its services and support to our vulnerable elders who use the centre alld in response to denwids fron] the community. The centre has continued to provide sustsined support, Care, by means of social inclusion and promotiDn of people's independence in partnership with other statutory and volnntary oiganisations. We provided care to citizens with sensory or physical disabiIities, citizens with mental health problems and other healtb related issues. OUT services also provide(L respite to carers. Ow Day Centre remains the busiest and best attended ill the City of Nottingham amongst the BME centres but this is partly as a result of tbe ICCA protscting its Day Care clieELts from rises in the costs of providing care tbrough our partttership witb Nottingham and NOttinghanh1 Social Services. The ICCA subsÉdises these costs throu its c}ltable investment of over £IOK each year so that users do not have to wory about increased costs of attendance. Due to the financial Changes in the social sector, with tbe tntrodudion of self-directed support and personal budgets and the need for efficiency savings by goven)n]ent and local governtnent 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. Citizens who were able to attend benefited from ihe wide range of activities that were still being provided. It is irnportant that the ICCA and its p&kners continue to promote the benefits of attending our Day Care to vulner2ble elderly membeTS of our commuTJity. ICCA Dosti Luncheon Club The Dosti Luncheon clT]b continues to be Ftyar with local residents and staff working in local businesse8 and tbe broader public and delegates at conferences and meetings booked in the centre. We continued to post tbe variablt mellu on the ICCA'S face-book page, our website page on a weekly basis and in addition to this we also published it on Deliveroo wbich has now become anotheT popular choice. Stand2rds of food safety and hygiene are high and confonn to industy codes witb cojtyent management, receiving five s'S. Dosti Luncheon Club piovides both eat-in or lakeway options. ICCA Visa Ti'avel This service is now popular for visas and bas been carried out throughout the year. Page 2
INDIIIN COMMUNfrY CENTRE ASS CL4TIO REPORT OF TIIE TRUSTEES FOR THE YEAR Ef4DED 31 MARCH 202S FINANCIAL REVtEW Reserves policy The corLLmitte¢ has considered the reseeS held by the Indi2n CoETllnunity Centre Association as at 31 March 2024. The association needs reserves to enable it to develop its long terni aims as well as ensuring the continuation of its CULTent activities. In order to meet their responsibilities and to eJ5ure thttt the Chlty continues to operate on a going concen) basis the comEnittee have reviewed the requiiEments and risks faced by the association. The free reseNes of the charity at the balance sheet date stood at £86,928. The coinmittee have assessed the needs and risks the charity faces and believes that free reserves are adequate to meet the obligations of te orgat]isatio The charity defines its free reserves as its ullrestricted net current assets. To ensure tl]at the cl]arity catt me¢t its developnmlt aints and objectives the comJnittee will re-assess the reserv policy on an annual basis. STRUCTURL GOVERNANCE AM) MANAGEMENT Governing docNment The Indian Comnwnity Cetttre AssoctatioD ( ICCA ) is a company limited by guarantee within the meaning of the Companies Act 2006 atsd a registered charity gOVmed by the rules seÉ in its Memornidum and Articles of Association Oast updated Febniary 2005). Charity eonstitution and management Membership to the aociation is open by arlla1 subscription to all persons of Indian etl)nic orioin who are interested in ft]rtheting the aims of the associatioEL. The management of the Issociation is undertaken by the Executsve Board. The Executive B0d are elected from tbe membership by ballot every four years. All office bearers are appointed from witbill the Executive Board. The Board are responsible for the governance of the association and have tbe right under the Cornpallies Act to manage the associaÈion how it sees fiL providing this falls in line with the Articles of Association and the Charities board guidarLce and rnles of engagement. The Board OrdinllY meet once per month to manage the association. Most of the activities are monitored 8lld controlled thmugh sub-cojnmittees of ttLe executive Board. Day to day project activity is carried out by paid stsff. Page 3
INDL4IY COMIIIUNITY CENTRE %SocIATION REPORT OF THE TRUSTEES FOR THE YEAR END D 31 MARCH 202 STRUCTURE, GOVERNANCE AIYD IIIANAGEMENT Recrnitment and appoiutment of new trustees Tbe board of tLil8tees are appointed in accordance with the Articles of Association of the &ssoeiation. This is as follows.. The Executive Con)n]ittee shall be elected every four years. CoLnmittee members shall have the rigbt to Ee re-nominated for election to the Executive Con]n]ittee. - Tbe election shall be held on the fourth Siu]day of April in the election year. Lts the event that the election cannot take place on this dat the Association shall give tbe rneberS not less tbatt four weeks, notice in wTitiug advising the revised date for the eLection provided tbat the election shall not take place after the second Sunday ill June. - A ftll member shall not be entitled to stand for election to the Executive Committee or hold a position as 2 member of the Execlltive Cornmittee at ally titne durin¢s wbich he or she is a director of the Indian Community TrnsL The Executive Committee shall invite the nominations frorn the full members six weeks before the date of election in the election year. The non)iaation notice SI11 be cklivered to the registered office of tbe 'association accompanied by the nominatioii fee, as determined by the Extclltive Cornmittce from time to tirne, aiid shall contain the naTnes and addresses of the nominee, the proposer and seconder. Any withdrawal of the notninations must be served upon tbe Charity at its registered office at least four calendar weeks before the date of the election. The Executive Conjmittee Members shall be elected by a secret ballot paper and the first seventeen securing tbe most votes wtll be declar&J as elected to serve on the Executive Conllnittee of the Clwity. - A losing candtdatr may Teque5t a recount of votes if tbe margin of the votes that have been ct from the nearest win ¢andidate is not more than twenty votes. - The election shall be $LtryIsed by all independent volUntY Collllnunity organisation such as the Racial Equ2lity Counci] or such other L]munity organisation as the Executive Committee shall think fiL Risk managetnent Tbe ttustses have a duty to identify and review dtr risks to which the Ch]ty is exFK)sed alld to ensure appropriate controls are ill place to provide reasonable assurance Against fraud 2nd eOr. The tsteeS have had regular meetinDs ttLToughout the year to identify aDd deal with any risks to tbe c]lty by the irnplementation of proceduLes desigued to minimise or Tnanage my potential impact on the ch&ity should those risks materialise. This work has identified tbat the fmancial sustainability is the major flltsncial risk for the charity and has worked on tneasures to ease this. A key elemetit in tbe rnanageme]rt of fmancial risk is a regular review of available liquid funds to ke sure we have gufficient W.killg capital to meet all our financial obligations. Attention h2s also been focussed on non-finaucia] risks i.e. fire, health and safety. These risks are Managed by ensuring accreditation is up to date, having robust policies and procedwrs in place and reglllar awaTeness training for staff working in these operation21 areas. REFERENCE AND ADMTNISTRATIVE DETAILS Registered Company nllmber 04660951 (England and Wa]es) Registered Charity number 1108641 Page 4
UNITY CENTRE ASSOCL4TION REPORT F THE TRusTEs FO THE YEAR EM)ED 31 NL4RCH 2025 RegRStered office 29 Arboretum Stteet Nottingba Nottinghamshire NGI 4JA Trustees P S Bhapkar Director J K Gajree Retired Accountant K Gorecha Self eTnployed consultant A K Kandola Chief Executive - Mental Health Services (resistted 2.9.24) J S Leh21 Self Employed V S Mahal Director G S Vohrd Specialist S S Sangbera Business Owner S Arunachala SRai Company Secretary S A11cha1arn Independent Examiner Lemdns Chartered Cehified Accountants 29 Ad)orettlln Street Nottingbam Nottingbamshire NGI 4JA Bankers Lloy<Ls Bank PIC 12-16 Lowet Parliament Street Nottingham NGI 3DA Tbis report has been prepared in accord3llce with the specia] provision5 of Part 15 of tth compani Ael 2006 I'elating to small companies. Approved by order of the board of trustees on ... . 2 fj . and signed on its behalf by.. J K GajTee- Trllsfre Page 5
JMJEPENDE R'S REPORT TO THE TRUSTEES OF TNDIAN COMMUMTY CENTRE A.oCIATIoN Independent examiner's report to the trnstee$ of Indian Community Centre Assocl2tion ('the Company,) I report to the cltsrity trustees on my examination of the accounts of the Company for the ye& ended 31 March 2025. Responsibilities and basis of report As the charity's tnteeS of the Company (and also its directors for the pury)oses of cornpauy law) you e sponSible for the preparation of the accounts in accordance with the requirements of the CopanieS Act 2006 Cthe 2006 Aet,). Havincr satisfled myself tbat the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and Are eligible for independent examinatio I ieport in respect of rny exatnination of your thIty'S accounts as carried out under Section 145 of the Charities Act 2011 {'the 201 l Act,). In carying out my examination I have followed the DitionS oiven by the Charity Con]mission undei Section 145(5) (b) of the 2011 Act. Independent ex2miner's statement I have completed my examination. I confm that no matters bave come to iny attention in connection with the examination ving me cause to believe.. accoulltillg records were not kept Ill 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 requrements of Section 396 of the 2006 Act other than any iequirernent that tbe accounts trive a twe and fair view which is not a matter considered as p3rt of an indepident examination. or the accounts have not b¢eii prepared in accrn"dance with the methods and principles of the St2ttment of Recommended Prdctice for accounting alld reporting by charities (applicable to c]wities prep.2rÈng tbeir accounts in accordance with the Financial Reporting Standard applicable in the attd Republic of Ireland (FRS 102)). I have no collcen and have come across no other tnatters ill connectt.on with the exan)ination to wbich attention should be drawn in tbis report ill order to enable a proper undeTStatLding of d a¢¢ounts to be reache(L Karen Mealand Lemans CharteTed Certified Accountants 29 Arboretum Street Notting1 Nottinghamshire NGI 4JA Date". Page 6
tNDIAN COMMUNITY CENfRE ASSOCIATION STATEllENT OF FINANCIAL ACTIVITtEs . 11.NCORP0114TING AN INCOME Af4D EXPEN R THE YEAR ENDED 31 mAR 202 ITURE ACCOtJNT' 31.3.25 UDrestricted fund 31.3.24 Total funds Notes rNcoME AND Ef4DOWI1NTs FROM Donations and legacies 2,580 1,375 Charitsble activities Gen¢rHI 69,124 82.447 Other trading activities Investment irncome 26,301 895 42,236 555 Total 98,900 k26.613 EXPENDITURE ON Charitable aetivities General 119,062 123,607 NET INCOMEI(EXPENDITURE) {20,162) 3,006 RECONCILIATION OF FUIYDS Total funds brought forward 320,203 317,197 TOTAL FUNDS CARRIED FORWARD 300,041 320,203 The notes fom part of these flnancial statements Page 7
INDIAN COMMUNITY CENTR£ ASSOCL4TION BALANCE SIIEET 31 MARCH 2025 31_3.?5 Unrestricted nd 31.3.24 Total funds Notes FIxD ASSETS Tanoible assets Investtnents 14 15 3,482 50,100 6,214 50,100 53,582 56,314 CURRETrJT ASSETS DebtOTS: an]ounts falltng due within one year Debtors: amounts falling due after more than one 16 2,946 7,812 16 159,531 87,236 170207 90,543 Cash at bauk 249,713 268,562 CREDITORS ATnounts failing due withtn one year 17 (3.254) (4,673) IYET CURRENT ASSETS 246,459 263,889 TOTAL ASSETS LESS CURRENT LIABILITIES 300,041 320,203 NET ASSETS 300,041 320,203 FUNDS Unrestricted funds 18 300,041 320,203 TOTAL FUNDS 300.041 320.203 Tbe charilable company is entitled to exemption from audit undei" Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtsin all audit of its fmancial statements for the yeaT ended 31 March 2025 in accordance with Sectioll 476 of the Comp2nies Act 2006. The trustees acknowledge their ronsibIlItieS for (a) ensuring tbat the ch2Titable comp2ny ke¢ps accounting records that comply with Sections 386 and 387 of tbe Companies Act 2006 and preparing financiat statements which £Éve a ttue 2nd fair view of the state of affairs of the charitsble compally as at the end of each financial year aud of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otberwise comply with the requirernents of the Compallies Act 2006 relattng to flliancial statements, so far applicable to the charitable company. Ib) The notes foml part of these fmancial statements Page 8 contillued...
INDIAN COMMUNITY CENfRE AS OCIATION BALANCE SIIEET- continued 31 MARCH 2025 These financial stateinents have been prepared in accordance with the vIsionS applicable to charitable cornpanies subject to tlie sÈnall coillpallies regime. The fllLancial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: K Gore, The notes forni part of these fmancial statements Page 9
INDL4N COMMUNrfy CENTRE ASSOCIATION NOTES TO THE FINANCL4L STATEMENTS FOR THEI YEAR EIYDED 31 MARCH 2025 GENERAL INf4ORMA TJON The chaTity is a piivate compauy Limited by guarantee and is iucoryjoiated ill Ellg]and and Wales. Each of the stees És liable to contribute an amount not exceeding £10 towdS the assets of the chatity ID the event of liquidation. The address of its principal place of bsIneSS is". 99 Hucknall Road Carrington Nottingham NG5 IQZ ACCOUNTING POLICIES Basis of preparing the flnaneial statements The charity CODSrithtes a public benefit entity as d¢fmed by FRS 102. The fmancial statements have been prepared in accordance with Accounting and Reporting by Charities. Statement of Recommended Piactice applicable to charities preparing their accounts in accordance with the Finaucial Reporting Standard applicable in the UK and Republic of I1alld issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom aT]d Republtc of JJeland {FRS 102), tbe Companies Act 2006 and UK Generally Accepted Accounting Practice. The firwicial staterllents have been under the historical cost convention, modTfied to include certaill ItnS at fair value. The financial statements are presented in sterling which is the nCtIOnal currency of the chlty and rounded to the nearest pouod. The significant accounting policies applied in the preparation of these fmanciai statements are set out below. These policies have been consistently appbed to all years presented unless otherwise 5tate(L The chaTitable company has taken advantage of the following disclosure exernption in preparing these financial statemeuts, as pennitted by FRS 102 The Financial Reporting Standard applicable in the l]K and Republic of Treland,: the requirements of Section 7 Statement of Casb Flows. Preparation of eonso]idated fanCIal statements The flliancial 5taternents contain infornution about Indtan Community Centre Association 2$ an individual charity 8a do not contain consolidated fmancial infotmation as pt of a small group. The Charity is exempt under Section 399 (2A) of the Companies Act 2006 fro the requirements to prepare consolidated finallcial statery3ents. Income Donations and grallts are accounted for when they are received. All other itome is accounted for the accnthls concepL Income from charitable activities includes income recognised as earned (as the related goods or servic&s are provided) under contracL Other trading activities income is recognised on a ieceivables basis. Page 10 coiitinued...
1Tr4DL4J4 COMMUNITY CEN_TRE ASSOCIATION N()TF_S TO THE FINANCIAL STATEMENfs - Continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- coThtinued Expenditure Liabilities are recognised as expenditure as soon as theie is a legal or constDJctive obh"gation committincy the Chlty to that expenditure, it is probable that a transfer of economic benefits WIKI be required in settlement and the amount of the obligation Can be rneasud reliably. ExpendltLe is accounted fot on an accruals basis alld has been classified under lieadinos that aggregate all cost related to the category. Where costs camiot be directly attributed to particul. headings they have been allocated to activities on a basi8 consistent with the use of resources. Charitsble expenditure coinprises those costs incurred by the ch&ity in the delivery of its activities and seivices for its benefiCileS. It illcludes both costs that Can be allocated dsrectiy to sucb activities 8nd 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 wittL the use of resources. for example, allocating property costs by floor areas, or per eapit4 staff costs by the time spellt and other costs by their usage. Tangible flxed assets Dq)recialion is provided at the following annual rates in order to write off eacb asset over its estimated useful life. Fix1nres and fittings 200/0 on cost Investments Fixed asset investtnents are recoTded at cost less impairn]ent. Taxation The charity is exempt from corporation tax on its chaTitsble activities. Fund accounting Utlltsttic*d fu]ths can be used in accordaDCe with the charttable objectives at the discretion of the trustees. Further explanation of the nat.e and purpose of eAch fund is included in ttLe llotes to the flnancial statements. Pension eosts and other post-retirement beneflts The Charitsble COpanY operates a defLDed contribution pension sch¢me. Contributiolls payable to the charitable companls pension scherne are charged to the Statement of Financial Activitie5 in the period to which they relate. Debtors and creditors Debtors and Credito with no ststed interest rate and receivable or payable witbin one year are recorded at the transaction price. Pagell continued...
INDIAN COMMUNITY CEYI TRE Assf ,£ TION NOTES TO THE FINANCIAL sTATEMEN- continued EOR THE YEAR ENDED 31 MARCH 202 CIUTJCAL ACCOUNTINC JUDGEMENTS AND KEY SOURCE4 S OF ESTIMATJON UNCERTAINTY Preparation of tbe flnanci statements Tequires managernent to make significant judgements and estimakn. Dwing the preparation of these fmancial statsments their have been no significant or material judgetnents and estimates that reqllire disclosLWe. DONATIONS Af4D LEGACtES Donations Grants I,080 1,500 1,375 2,580 1.375 Grants receive( included in the abov4 are as follows.. 31.3.24 RCUK 1,500 1.500 OTHER TRADING ACTtVlTIES 31.3.25 31.3.24 Events income 26,301 42,236 INvESTIENT INCOME 31.3.25 31.3.24 Deposit account interest 895 555 Page 12 contiuued...
INDIAN COMMUNITY CENTRE ASSOCIATION NOTES TO TllE FINANCIAL STATEllNTS- continued FOR YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity General General General G17nts Day care Lunch club 9,384 15,861 43,879 18,768 16,409 47,270 69,124 82.447 CIIAIiITABLE ACTMTIES COSTS Du'ect Costs Suppoil costs Totals General 113,386 5,676 119,062 OTHER 31.3_25 31.3.24 Support costs 5,676 5,757 io. NKT INCOMEI(EXPENDrruRE) Net income1(expeDditte) is stated after chargingl(CTediting)'. 31.3.25 31.3.24 Depreciation - owned assets Independent Examin&s Fees 3,072 2,500 3,110 2,670 ii. TRUSTEES, RETrtUNERATION AJND BENEFITS There were no trllstees, remunei*ion or other benefits for the year erAded 31 March 2025 ll. for the year ended 31 Mar¢h2024. Trustees, expenses Ther¢ were no thistees, expenses paid for the year ended 31 Match 2025 nor for the year ended 31 March 2024. Page 13 continu¢(L..
llNDWI C ILviuTraTY CENTRE A&SOCIATION NOTES TO T£ FINANCIAL STATEMENTS - tontinued FOR THE YEAR EM)ED 31 MARCH 2025 12. STAFF COSTS 3 1.3.25 31.3.24 Wag&8 and salaries Other pension costs 64,931 1,708 63,827 1,655 66,639 65,482 The average montbly number of ernployees during the ye2r was as follows: 31.3.25 io 31.3.24 Administsation No employees received emoluments in excess of £60,0. 13. PENSION COmITmNS The company operates a defIned contiibution Scheme. The assets managed iiidependently of the company and contributions are charged to tbe Statement of Financial Activities in the period they are made. The charge for the yearw&s £1,708 {2024- £1.655). 14. TAIYGIBLE FIXED ASSETS Fixtures fittings COST At l April 2024 Additions 32.084 340 At 31 March 2025 32,424 DEPRECIATION At l April 2024 Charge for ye2r 25,870 3,072 At 31 March 2025 28,942 NET BOOK VALUE At 31 March 2025 3,482 At 31 MaTd] 2024 6,214 Pagc 14 continued...
INDIAN CO (UMTY CENTRE A SOCIATION NOTES TO THE FINANCIAL STATLMENtS - continued FOR THE YEAR ENDED 31 MARCH 2025 15. FIXED ASSET INVESTMENTS Shares in group undertakings COST LESS IMPAIRMENT At l April 2024 and 31 March 2025 50,100 NET BOOK VALUE At 31 Mch 2025 50,100 At 31 March 2024 50,100 There were no inv&stment assets outside the UL The company's tnvestments at the balance theet date tn the share capKtsI of companies include the following: ICCA Enterprises CIC Registered offiix: Nature of busit]ess: Conference aud banqueting fa¢ilitÈes Class of share: Ordinary holding loo 31.3.25 31.3.24 Aggregate Capital and reserves Profit/(loss) for the year (46,273 } 17,531 (63,804) (7,732) Indian Community Centre Association holds IOOO/. {2022 - 100/0) of the ordingjy A sh2re8 and voting riJo ts of JndiAn Community Centre (Property) Lin]ited. The registered office of Indian Collunuaity Centre (Propety) Limited is 29 Arborettuu Street, Notiingharn, NGI 4JA. Under tbe provision of section 399 of the Companies Act 2006 the company is exen]pt from preparing consolidated accounts and not done so, tberefore the accounts show inforniation about the company as an individual entity. On 27 January 2014 Indiau Community Centre (Property) Linuted passed a Special Resolution to approve the adoption of new articles of association. The share c8Pital is still.. 50,000 ordinary A Shares owned by Indian Community Cents'e Associatioa and. 100,000 ordinary B Shares 0ed by Indian Cou)munity Centt'e (Foundation) Liniited For as long as the A Shares are held by Indian Cojnmunity Centre Association 01 a permitted organisation.. The B Shares do not confeT upon the holders thereof any Iight to receive any dividend or any otber income or distnbution of capital. The B Shares do not confer upon the holders theieof ally rights to vote on any proposed resolutiim of the company except the reserved matters detailed in 6.1 of tbe new articles of associattoll. Page 15 ontinued...
LYDIAN COIIIMUNITY CENTRE ASSOCIATIOP4 NOTES TO THE FINANCIAL .STATEMETr4TS - continued roR THE I MARCH •025 15. FJXEI D ASSET INVESTMENfs - continued If at any time the holders of the A Shares are neither the Indian Cornmunity Centre Association noi" a PTll1tted organisation or the Indian Comtnunity Centre Association substantially clianges its objectives then: The A shal.es would not confer upon the holders tbereof any light to receive lY dividend or any other income or distiibution of capitsl. The A Shares would iiot confer upou the holdas thereof any rights to attend, vote at or receive notice of any proposed written resolutio The B Shares would confer upon tbe holders the light to participate in ay dividend or any otber distiibution wbethe income or capital; The B Shares would confer upon the holders tbe right to vote on any proposed resolution o£the Company. Lndian CommLwity Centre Association bolds IOOQ/o of the ordillary thare capital of ICCA Ente4)rises C.I.C. Tbe registered office is 29 .borern StreeL Nottingham, NGI 4JA. 16. DEBTORS 31.3.25 31.3.24 Amounts faIling due witbin one year.. Ti?de debtors Olber debtors 600 2,346 3,120 4,692 2,946 7,812 Amounts falling due after more than one year: Amounts owed by arow) undert&kin(F5 159,531 170,207 Awegate amounts 162.477 178,019 Page 16 continued...
IAN COMMUNITY CENTRE ASSOCIATION NnTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YÉAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLG DUE WITHIN ONE YEAR 17. 31.3.25 31.3.24 Trade creditars Other creditors ACclS and (frfeed income 310 Iix) 2,844 1,037 loo 3,536 3,254 4.673 18. Net ovement in ftu]ds At 31.3.25 At 1.4.24 Unrestricted funds General fund 320,203 (20,162) 300,041 TOTAL FUNDS 320203 (20,162) 3(K),041 Net n]ovement in fimds, ittcluded in the abov¢ are as follows: Incoming resources Resources expended Movement in fid$ Unrestricted funds General lld 98,900 (119,062) (20,162) TOTAL FUIqDS 98.900 (119,062) (20,162) Comparatlves for movement in thnds Net movement iu ftu]ds At 31.3.24 At 1.4.23 Unrestricted funds General fund 317,197 3,006 320,203 TOTAL FUNDS 317,197 3,006 320203 Page 17 conlinued...
INDKAN COMMUNITY CENTRE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - eontinlled FOR THE YEAR EIIDED 31 MARC 2025 18. MOVEMENT JN FUNDS - contiiiued Comparative net movement in Smds: included in tbe above are as follows.. Incoming resources Resoure£s expended M0vent in fimds Unrestricted funds General fLTnd 126,613 (123,607) 3,006 TOTAL FtTfqDS 126.613 (123,607) 3,006 A cutTent yeai 12 tnonths and prior year 12 inonths combined position is as follows.. Net movement in fidS At 31,3.25 At 1.4.23 Unrestricted funds General fulld 317,197 (17,156) 300,041 TOTAL FUM)S 317,197 (17,156) 300,041 A curent year 12 months and prior year 12 months combilled net movement io funds, included in the above as follows: Incornino resources ReSoUeS expended Movement ill fiujds Unrestricted funds General fimd 225,513 (242,669) (J7,156) TOTAL FUNDS 225,513 (242,669) (17.156) Page 18 conitinued...
INDIAN COMMUNITY CETrITRE ASSOCIATION NOTES TO THE FLNANCIAL STATEMEIS- continued FOR THE IEAR ENDED 31 MARCH 2025 19. RELATED PARTY DISCLOSURFS Inth'an Collununity Centre Association holds one third of the issued share capital of Indian Comn]unity Centre (Propeity) Limite4 and IOOQ/o of the voting rights. The Directors of Illdian Comrnunity Centre (Property) Limited are also trustees of Indiall Community Centre Association. At 31 Marcb 2025 £100,968 (2024 - £108,768) was due from Indian Community Centre (Propeity) Li]nited and is included within debtors. Rent and tnsw'ance recharoes fi'om Indian Community Centre (Propety) Limited to tndian Community Centre Association amounted to £7,800 (2024 - £7,800). At 31 March 2025 £58,563 (2024 - £61.439) was due from ICCA Enterprises C.l.C. and is included within debtors. Page 19
INDIAN COMMUNITY CENTRE ASSOCJATION DETIiILED STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Dongtions and legacies Donations Gr2Dts 1,080 1,500 1,375 2,580 1,375 Other trading activities Events income 26,301 42,236 Investtnent income Deposit account inteiest 895 555 Charitable aetivities Grants Day ce Lunch club 9.384 15,861 43,879 18,768 16,409 47,270 69,124 82,447 Total incoming resources 98,900 126,6L3 EXPENruRE Charitable aetiviti WaiFes 2nd SaIleS Pensions Rent and rates Office expenses Event costs Cateiing and food costs NCC Subsidy- Day C2re Repairs and renewals FixEures and fittings 64,931 1.708 8,491 2.400 1.893 26,405 2,549 1,937 3,072 63,827 1,655 8246 2,355 7,989 24249 2,490 3,929 3,110 113,386 117,850 Support costs Management Sulldn'es 1,175 435 Fi]wce Batac ch"e8 1,484 2,322 Tbis page does not forn] part of the statutory financial statements Page 20
ION COMMUNITY CENTRE ASSoCIA DET.411.FD STATEM.F.NT OF FINANL CIAL ACTIvrriE FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Fin2nce Governance costs Accountancy and legal fees 3,017 3,000 Total i"e50urces expended 119,062 12J.607 Net {expenditure)Ilncome {?0,162) This page does not forni part of the statutory flnanci statements Page 21