2023-03-31-accounts

Directors	Directors	/ Trustees	Mr Amir Hussein		Chairman
			Mr. Cedric Desmond	Bell	Secretary
			(Appointed 08/1 1/2022)
			Mr Tobaris Ali
			Ms Suraiya Khatun		Treasurer
			Mr Syed Gulab Ali
			Ms Momota Begum
			Mrs Shoriful Nessa
			Mr. Luqueman Hussein
			Ms Sultana Monaf
CEO			Mr Mahmud Hasan
Company		number	4688707
Charity	number		1114290
Principal		and Registered	Carmine Wharf
Oflice			30 Copenhagen Place
			London E147FF
Auditors			Ipsum Accountants	Ltd
			16 High Holbom
			London
			Wctv 6BX
Accountants			Abacus Partners (Ldn) LLP
			Unit A, Abbotts Wharf
			93Stainsby Road
			London E146JL
Banker			HSBC
			1-3Bishopsgate
			London
			EC2N 3AQ

CONTENTS			Page
1.Trustees'	Report		1 to 12
2.Auditor's	Report		13to 15
3.Statement	of Financial	Actigty
4. Statement	ofFinancial	Position	17
5.Statement	ofCashtlows		18
6. Notes to the Financial		Statements	19to 24

					Total	Total
			Unrestricted	Restricted	2023	2022
INCOME FROM:		Notes	2		2	2
CHARITABLE ACTIVITIES
Opportunity Zans			1,285,798		1,285,798	1,018,039
Home and Community	Senlces		12,437,449		12,437,449	11,700,464
Advice snd Information	Services			34,163	34,163	54,305
Apassn Lodge			315,683		315,683	302,384
Croydon Project			363,840		363,840	379,108
Training Projects
Dlsabgity Network				24,100	24,100	18,075
Grxemment Gents						297,214
Total Income			14,402,771	58,263	14,461,034	13,769,588
EXPENDITURE ON:
CHARITABLE ACTIVITIES
Direct Charitable expenditure			12,443,682	188,660	12,632,342	10,877,882
Management and Adminislration			957,773		957,773	868,012
Total Expenditure			13,401,455	188,860	13,590,115	11,745,894
NET INCOME l(DEFICIT) FOR THE YEAR			1001316	'l30,39870,$192023,695
Funds asaI 1 April 2022			8,155,440	198,902	8,3IG,342	6,328,647
Fund transfer			81,533)	81.533
Fundsasat31 March	2023		$075223	44$,038	$,223,261	8352342

			APASEN	APASEN
		(A Company	Limited	by	Guarantee)
		STATEMENT	OF FINANCIAL POSlllON
		AS AT31 MARCH		2023
						7ola I		Total
						2023		2022
		Notes				f		6
Fixed Assets
Freehold Properly					3,998,741		2,032,926
Long Leasehold Property					2,477,320		2,501,615
Leasshdd Improtoments					745,194		516,385
Deplaciafin9 Assets					161,673	7,382,928	191,982	5,242,908
Current Assets
Debtors & Prepayments					1,706,697			1,615,961
Cash st Bank and	in hand				4,536,757			4,845,896
					6,243,454			6,261,858
Creditors
Amount falling due within one year					1,067,044			767,591
Net Current Assets						5,176,410		5,494,267
Total Assets less	current liabilities					12,559,336		10,737,176
Creditors
Amount falling due n one year		10				3,336,077		2,384,833
Tots I Net Assets						9,223,261		8,362.342
Funds
Unrestricted funds:	Designated	12				3,719,799		2,672,291
Unrestricted funds:	General	12				5,355.424		5483,149
Total Unrestricted	funds					9,075,223		8,155,440
Restricted Funds						148,038		196,902
Total Funds								8,362,342

				2023		2022
					2	6
Cash flow from Operating Activities
Operating Prolit			870,919		2,023,695
Depreciation			177,214		172,086
Finance Costs			152,469		68,029
(Gain)/Loss on fixed asset disposal
Operating Profit Before Working (Increase)/Decrease in Debtors	Capital	Charges	1,200,602 (90,736)		2,263,810 (942,995)
Incnmse/(Decrease) in Creditors			299,453		211,821
Cash from Operations			1,409,319
Finance Cost Paid			(152,469
Net Cash Generated from Operations				1,256,851		1,464,607
Cash flow from Invesbn ant Activities
Purchase ofTangible Fixed Assets			(2,317,234)		(137,234)
Receipts som sale oftangible 8xed assets Net Cash flow from Investment Activities				(2,317,234)		(137,234)
Cash flow from Financing Acgvltles
Increase/(Decrease) ofLong Term Loan			951,244	951,244	(103,677)	(103,677)
Net increase/(dectsase) In Cash	snd Cash Equivalents			(109,139)		1,223,696
Opening Cash and Cash Equivalents				4,645,896		3,422,200
Closing Cash and Cash Equimlents
Reconcgiatlon:
Cash st bank and in hand				4,536,757		4,645,896

StsNEmolumenkx								2022
							E	E
Toial wages and salaries							10,762,008	9,339,785
Employm'4 NIC							885,161	743,782
Pension contributio							186,542	168,320
							11,833,711	10,251,887
Direct Charitable							11,438,438	9,863,102
Others							395,273	388,785
							11,833,711	10,251,887
No ofemployees: Admi n							13	12
No ofemployees: Direct							675	579
								591
Employees paid In excess ofE60,000 during the
current year and prarious		year
Other key management	personnel		received combined		remuneration		of8236,818(2022:1237,429).
The tmsteesldlrectors	neither received nor waived			any	remunera5on		during the year (2022: ENil).
The trustees/directors	did	not have	any expenses	reimbursed		during	the year (2022: ENil),

5	Tangible Fixed Amsts:	Tangible Fixed Amsts:
		Motor	Fmshold	Leasehold	Leasehold	Furniture 8
		Vehicles	Property	Property	Imprmamants	Equipment	Total
			E	E	E	E	E
	Cost:
	At 1stApril 2022	48,590	2,050,000	2,525,910	701,128	497,287	5,822,915
	Addition		1,994,859		3D4,498	17,877	2,317,234
	Disposal
		48,590	4,044,859	2,525,910	1,005,626	515,164	8,140,149
	Depreciation:
	At 1st April 2022	31,070	17,074	24,295	184,743	322,825	580,007
	Disposal elimination
	Cham for the year	9,716	29,D44	24,295	75689	36,468	177,214
		40,788	46,118	48,590	260,432	361,293	757,221
	Net Book Value
	As at 31 March 2023	7,802	3,998,741	2,477,320	745,194	153,871	7,382,928
	As at 31March 2022	17,520	2,032,926	2,501,615	516,385	174,462	5,242,908
8	Debtors and pmpaymentw					2023	2022
						E	E
	Opporitmlty Zmls					255,555	76,264
	Home snd Community	Services				236,896	139,618
	Croydon Project					5,437	5,896
	Apasenth Lodge					154,678	179,488
	Dlsabglty Network						6,025
	Other Debtom 8 Prepayments					60,059	55,099
	Accrued income					994,072	1,153,571

7	Direct Charitable	Expenditum:	Expenditum:			Unrestricted	Restricted	2023	2022
						Fundsf	Funds f	Total f	Totalf
	Opportunity Zone Home and Community Atmce and Information		Services Sentces			1,422,498 10,041,815	76,786	1,422,496 10,041,815 76,786	1,103,511 8,757,457 67,710
	Croydon Project Apasen Lodge					453,66S 466,974		453,668 466,974	413,823 408,853
	Disability Network
	Training Pm)ect						51,818	51,818	64,694
	Disabgity Network						60,056	60,056	11,834
	Grant making				Note 19	58,727		58,727	50,0DD
						12,443 6S2	188,660	12,632,342	10,877,882
8	Management And	Administration:				Unrestricted	Rastl'I card	2023	2022
						Funds	Funds f	TotsI f	Totalf
	a)Supper!costs Oflice Administration		Cost induding	saladss		422,274		422,274	408,825
	Payroll Sentce					16,125		16,125	14,950
	Legal & Professional	Fees				12,731		12,731	8,383
	Consultancy Arhert and Publicity					17,536 5,628		17,536 5,628	18,821 1,693
	Membership & Subscriptions					3,664		3,664	220
	ITsupport end consumebles Bank Charges					39,381 15,499		39,381 15,499	29,132 1,788
	Charitable donations					6,175		6,175	500
	Cleaning TravaSing, mant costs and refreshments Depreciation snd Amonisation					21,318 13,116 34,865		21,318 13,116 34,865	18,309 73,138 54,318
	Loan Interest					152,469		152,469	68029
						760,781		760,781	698,106
	b) Governance Costa OSics Administration	Cost including		salaries		113,901		113,901	153,008
	Legal 8 Professional	Fess				7,912		7,912	1,481
	Audit fees				Note 15	5,000		5,000	7,000
	Accountancy senices					4,800		4,80D	4,200
	Insurance					46,639		46,639
	Coreultsncy					3,095		3,095	3,321
	Membership &Subscriptions					1,264		1,264	900
	Management expenses					14,382		1&382
						196,992		196,992	169,906
						957 773		957,773	868,012

				Notes to ths 8nanc	lsl statements
				for the year ended	31 March 2023
9	Creditors:	falling within one year				2023 5		20uf
	Accnlals					532,356
	Unity Bank	Loans				327,052		185,784
	Trade Creditors					204,617		25,655
	Pension prtnider					3,019		559
	Other Creditms							7,227
						1,067,044		767,591
10	Credltonx	falling after moro then one year				2023
	Unity Bank	Loans				3,336,077		2,384,833
						3,336,077		2,384,833
11	Restricted	funds movement:		Opening	Restrictsd	Restricted		Clasing
				Balance f	Income f	Expenses f	Adjustmsnt f	Balance
	Training Pmjects					51,818	51,818	0
	Home Care	Cansartium		122,163				122,163
	AIMce and	Infwrnation	Benices	68,498	34,163	76,786		25,875
	Disability Network			6,241	24,100	60,056	29,715	0
	Total			196,902	58,263	188,660	8'I,533	148,038
12	Movement	In funda
				tttrestrlcted	aeslensted	uerestrbted	Restricted
				Fuse	Fund	Fund Iycmlt	FsI14	Tetr/
				s	4	s	4
	As at 1 April	2022		5,483,149	2,672,291	8,155,440	196,902	8,352,342
	Currant year			1,001,316		1,001,316	(130,397)	870,919
	Current year	transfer		(1,129,041)	1,047,508	(81,533)	81,533
	As at 31Mach 2023			5355424	3719799	9075223	148038	9223261

	2023	2022
		f
Urldet' aim ysal'	239,678	222,521
Between 2-5years	366,432	321,479
Mo/e than 5 Vesta	296,000