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