Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Cornpany registration number.. 06209806 Charity registration number= 1119239 Sangam Association of Asian Women IA cornpany limited by guaranteel Annual Report and Financial Statements for the Year Ended 31 March 2021 Rlpe LLP chartEd Accountant and Re8Sstered Audiwr 9A Burrou8hs Gardens London NW4 4AV
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Contenls Trusiees, Report Ito8 siatement of Tmstees, Re4)onsibilities Independent Audltois. Report IOto13 Staternent ol Financ*al Acttvities 14 Balance Sheet Is Notes to the Flnancial Statements 16to29
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report The trustees. who are directors for the purposes of company law, present the annval reporr together wlth the flnanclal statements and auditors. report of the charitable company for the year ended 31 March 2021. Objerti¥e5 and activities ObJert5 andolms To promote any charltable purpose that benefit5 the local community by a¢fvancin8 education. the protertion of health, and relieving poverry, disiress and sickness. Oblettl¥es. strrteoles tsndottlvftles Sangarn's charitable activities cornpr15e Welfare. Debt and Immlgration adwo seThlce5. #nd a ¢¢unselllng provision oflerinB relief to those affèrted by mild to medium mèntal health conditlons resulting from berèavement. domestlc violènte, bullylng and anxiety. Fundrg151no dts¢105ures Income is drwer by the hire of San6am's four venues. These Include.- rental of space for a nursery provSsSon on the 8rouniJ floors- lar8er functions and events held on the first floor banqueting 5Ulte room. and smaller meetings and church 8atherin85 held in the two smaller second-lloor spaces. Income from these actNities accounts for approximately 66% of the charitls income. The charity ha5 also received a smaller proporti(In of ils incorne frorn Brant making.. it 15 now in Ihe 5ecgnd year delivering debt services on behalf of The City Bridge Trust. and ha5 received smaller grants from the Women's India Assoclation and the National lottery, respertively. lor financlal support and bereavement service5. Publ1¢ benefit The trustees confirm that ihey have tomplied with ihe requirements ol settion 17 01 the Charites Act 2011 to have due regard to the public benefrt guidance published by ihe Charitycommrsslon for En8land and Wales. Soclollnvestmentpolkles The or8anlsailon also offers a ran8e of social and cultural actlwties. These Include brid8e classes, fitness and well-being, and 59cial artivitie5 for senior citizens. all ol which enable5 the orRani5ation to reach out and en8a8e with broader client's groups who mi8hl benefit from our adwce and UnSelling servlces. Though these have been severety dlsrupted by the pandemk. we have rnaintained a skeleton provl4on and continued to engage rernotely with both our senior atizen and Bridge class mernbers. Grant muklry polkles San8am's grani-makiTh8 activities support the grovAh of its core pio8rammes and prowde additional scope to thè delivery of oui service. Ar the heart ol this approach is learnSTh8 from our clienis. whlch enables us to respond to their emerging needs and delSver innovaiNe approaches that can support the ever-chan8in8 requirements ol our community. Pa8e I
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report Use olvolunteers Volunteers rèmaln key to the work Sangam delivers. The organisatlon hosts volunteer tounsellors seeking experSence io support thelr tralnln& all of whom have been able to contSnue operatin8 rernotety durSn8 the later siages of the pandemlc and have been Integfal to the success and 8r0h of San8am's counsellln8 provision Leena 5fvh provldes voluntary flnanclal 8uldance across many of Sawm's actlvltles. and works dosely wlth audltors to consolidate lis end-of-year accounts. We have Frlends of San8am, a group of former and present boar(I members who meet regularly to or6anlse talks and workshops that bulld upon the core work San8am delfvers. Finally, San8arn has a board of Trustees who prwde additional voluntary support to Its actsvlties outslde of thelr core dutles as Tfuslees. Pa8e 2
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report Achle¥ements and perfom)ance Despite the thallenges of ihe pandemic, Sangam has tontinued to deliver sem5 that support the relief of poverty and financial hardship. and provided free support to those affected by mild to medium mental health Issues. Key to thts success, has been the willln8ness and the speed wlth whlch we have adapted our SeCe delSvery model to the current cllmate, that has noi only helped transform how we work, but who we can potentlallv work wlth. In partlcular.. The pandemic also forced us to cease face to face contact. but thi5 hasn't proved to be disruptive reports have showr that clients. attendance has increased. and we're supporrin8 mofe people per week than we were before the pandemic. This has also made the organisation more resilient in the face of the current challenges- we can't determine if social distancing restrictions will return. but having updated our IT and telecommunications, we're 3ble to ensure our clients are always able to receive our support regardle55 of whether the government is forced to enforce further lockdown5. A5 rernote worklng rerntsved the geographical boundarie5 that would restrict wider participation prior to the pandemic, we have been able tQ 5UPPQrt more dient5 from beyond our tradltlgnal areas of operation18arnei. harrow. and Brent). We have also èdapted some ol our pfow%on to ensure we tould leach those Ilirertly or indlrectly affected by the Impaci of fforn Covid. Our tounsdllng provlslon lor example. and as è result from lundlng from ihe london Community Response fund, became a free provision cèpable ol reachiTh8 and supporting more vulnerable clients. The success of thls scheme has led to us mainialnln8 the oJrrent delivery rnodel for the majority of 2021. The Smpatt of these servlce has also enhanced the role and reputaiion of the charlly wlthin the communltv- and beyond - and as well as developlng seryices thai appeal io our emistlng parrners, we have been able to work closer with, NHS outreach ieams Isoclal prulber$I, oiher pan London provlslons, at)d local auihorltles IRedbrld8el thai has enhanced our 8raphlcal impau. Thls willlngness to adapt and our outward looklng approach has re50nated well wlrh lunders, and durinB 2020 we have been awarded In excess of E150.(A) In grants ihai has helped rnalntaln the 5UStalnablllty of the organisatlon and offset ihe loss of hall hlre Income. A5 we move Inlo the next year. the charity- as with many other organi5alions- has learned that It can provlde a blended service approath and tailor it5 provision to the needs and preferences of its dient5. While we look fgrward to being able to return to delivering face to face seryice5. remote support will still be available, especially as we begin tts position oufselves a5 a pan London prtsvision. Flnan¢lal revlew The chaiity had net ass$ and reserves of E2,466,321 12020- E2,479,21K>l at 31 March 2021, includin8 £439,85512020.. £435,921) of bank balances. Pa8e 3
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report The Board of Directors have established a policy whereby the company Should hold unrestricted fund5 not comrnltted or invested in tangible fixed assets Ibeing'the Iree reserve5"1, equating to six month5. worth of the resources expended, bein8 £155,764. At this level, the board members feel that they would be able to carry on the company's activities the event of a reduction In fundin& Steps bein8 taken to intrease the level of reserves are provln8 posltfve but coniinuous assegsment and new resources are needed. At present, free reserves, whSth amount to E39,B19. do not reath the target level and the Commlttee Is considerin8 Strate8les to raSse additional funds. Desi8nated funds have been sei up to cover costs of expetted expendlture. We see many opportunlties to help weaker settions of rhe community. However. wlth government cutbacks due to the tlghtening of monetary polides and the COVID-19 pand0C, we ha¥e Ilmlwl resources at our command and are constrained In what we can achieve. Prfnclpolfvftdlftg sourtes The prlncipal Source ol lund was the hi of Sangam's Var$ venues. However. due to Covid thls slream of Income was greatly redueed. The loss of Income was fortunately compensated by grants from various fundefs to cover our tore costs and the govèrnment lurlough scheme as shown on the actounis. This has helped us to malntain our services io the communSty wlthout too muth adverse Impact. Gdn8 t¢)ncern Contlnuing uncertainty cause(I by Covbd-19 rernalns Ihe tharitvs principle risk In 2021-22. With rectnt investments in IT infra5truclure. the charity is better p051tioned to continut provision than It was 12 months a8ts. but we predict a lunding Shortfall of around £80k in 2021-22. While our fundTaisiThg success and the irnpact ol our work has left us belter positioned lo compete within what we anticipate will be a more competitive funding enwronmènt. in order to remain sustainable the charity needs to urgently resumè lis hall hire adivities. The charity has set asidè resÈrve5 10 lund future maintenance and up8rade projects, but thi5 will delay the charitvs ability to raise sufficient Ire* reserve5 required to 5UPPtsrt a minimum o15ix rnonth5' funnin8 Costs for its charitable activities. However, targeted renovation work has meant that our spaces will be better positioned to attract new clienis. so is deemed as bel an acceptable risk at this time. Finally, one of the charity principles aims io diversify our income streams. Last year hi6hli8hted the risks of bein8 overly reliant on hall hire. Followin8 the success of our recent 8rant applications this yeaf, and in order maintain our lOe1-teMI sustsinability, we will aim for a more equal split between 8rant and hall hire income. Pa8e 4
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report 5tNcture. 8o¥ernarKe and m•na8ement Nature oAqovernlnq dorufflent The Charity is a charitable company limited by guarantee and was sel up by a Memorandum of Association on iith April 2(K)7 and is a re8istered ch3rity (Charity Registration Number 11192391. This company took over the assels. obli8ations, and operations from the unincorporaled charity of the same name with effect from 1st April 21X)9. Recruhment and uppolntment oltrustees Electlon ol trustees occurs every years. Indurtlon 4nd trolnlnq oAtnist¢¢S Followin6 appolntment. the Board of Dlreaor Is Introduced w ihelr new role and responslbilltles and then Ilocated 3 portfolio to manage. Initially. the Board ol Dirertor shadows an existirbB 8oafd of Director. assistin8 on activities and projects. After satislactory feedback Irom the existln8 Board of Directors, they are then 8iven the tssk ol leadlnB an activity or projerts, reportin8 pro8ress at the next rneetin8. An information pack containing all policies 1$ given to the Dirertor prior lo the appoiThtrnent. A tour ol the Centre and fire drill techniques are undertaken to ensure all Dirertors are familiar with the premise5. Tralnin6. workshops, and seminars arè offtred to all the Board ol Direrttsrs and San8am Staff from trainèd professionals. This 15 to ensure that Staff and the Board arè kèpt upto4atè with on-going thangts in tht law and are aware ol the latest policies and prgwlure5. Oryonlsotlomil strurtu The Charity makes all decisions ihrou8h Its Board, which meets regularly. Sangam Is a voluntary or8anSsation that provldes adce services io all Indiwduals, wiihout any disiinttion of race, nationallty* gender, colour, creed, or rell810n. It 15 53n8am's polic¥ lo have occasional trainin& woikshops, and seminars both lor Ihe Board and its staff from external tralned professionals. to slien8then the or8anisational structure atyl keep 1¢ updated with the changing t¢mes and new laws. Pa8e 5
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report Majorrtsks #ndmonuyment olthose rfsks Aft Inoblltty to scole up provision As we seek to build upon the momenium of the pasi 12 months. and havin8 received requests to co-locate at satellSte provlslon. our capacity io do grow ouf services is restii(ted= with only one membef of staff provSdlng soclal welfare law support, there Is è Ilmlt to how many people we can support and addltSonal capaclty is requlred to achleve our 8rowth tar8ets. An In0lity to brooden in house ski115 Equally, new staff brin8 new skills and a fresh pef4)ective that can help develop not only the volume of work we can deliver but Its scope and impact. Lan8ua8e ant# additional support skills- employment supwrt lor example - will help us attract new clients and offer new servlces. Reducedcomperlrivene A cornblnatlon of the above could prevent us from Introducln8 new /innovatlve approaches that could aitract external Investment. At present we wlll be forced to introduce new serwces wlthin the current staff team, and mlght siraln our existln8 Staff resource5 An Inobllity to benelirfmm recentfenovotlon works Havin8 invested on renovaiions, further restfirtion will prevent San8am Irom recoupin8 these costs. This will place further strains on existln8 fesefves and place Increased demands on our 8rant makin8 durin8 - what remains- a challen8ln8 period lor the secior. Pa8e 6
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report Reference and Admlnlmratfve Detalls Presldent Rupa Mistry Vlce Presklent Piyu5ha Virani Trustees Parvl Gaiiar Piyusha Virani Richa Karnani Rupa Mi5try Shobhna Shah Suthitra Kabra Sudha San8hanl Secretary Richa Karnani (appointed 15 October 20201 Piyu5ha Virani Irey8ned 14 Ortober 20201 Prlndpal Offl(4 210 Burni Oak Broadway Ed8ware Middle5ex HA8 OAP The charity 15 incorporated in EnaTrd and Wale5. Company Reglstratlon Number c209806 Charlly Re8Sstratlon Number 1119239 Solldtors Flad8ate LLP 16 Great Queen Street London WC28 5DG Audltor Ripe LLP Chartered Actountanl and Registered Auditor 9A Burroughs Gardens London NW4 4AU Pa8e 7
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Tru5tee5' Report Dlsclosure of Informailon to audlior Each trusiee has taken steps thai they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the tharity's auditor is aware of that information. The trustees confirm that there is no relevant information ihat they know ol and of whlch they know the auditoi Is unaware. Reappolntment of audltor The auditors Ripe LLP are deemed to be reappointed under section 487121 of the Companles Acl 2(X)6. 11 August 2021 1 09..38 8ST The annual report was appfoved by the trustees of the charlty on.................... and sl8ned on Sts behalf by.. Rlcha Kafnani Secretary and Tru5tet Rupa Mistry President and Truslee Pa8e 8
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Statement of Tru5tee5' Responsibilities The trustees (who are also the directors of San8am Association of Aslan Women for the purposes of companv lowl are responsible for preparing ihe tfusiees, reporr and the financial siatements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each flnanclal year. Under company law the trustees must not approve ihe flnancial statements unless they are satlsfled that they Blve a true and falr view of the state of affairs of ihe charitable company and of it5 incorning resources and application of resources, including its income and expenditure. lor that period. In preparing these finanaal statements. the trustees are required to.. select suitable accounting poliues and apply them consistentty: observe the methods and prlnciples in the Charliles SORP.. make jud8emenis and estimates that are reasonable and Pfudent- stale whether appllcable UK Accountln8 Standards have tjeen followed. wblett to any rnateflal departures dlsclosed and eMplaSned In the flnanclal ststemenis: and prepare the financial siaiemenis on the goin8 tontern baS unlèss it is inapproprlate to presume that the charitable company will continue in business. The trusteè5 are responsible for kteping adtquate accounting retorts that arè suffitiènt to show and explain the £haritable company's tiansartions and disclose wilh reasonable acturacry at any time the financial position of the charitable company and enable thern to ensure that the financial statements comply with the Cornpanies Act 2QX)6. They are also fesponsible for sale8uardin8 the assets of the chafitable tompany and henee for taking reasonable steps for the prevention and detettion of fraud and other irregulariiies. li August 2021 1 09:38 BST Approved by the Iru51ees of the charity on . and gned on its behalf by.. Rlcha Karnani Secretary and Trustee Rupa Mistry prident and Trustee Pa8e 9
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women statement of Financial Artivitie5 for ihe Year Ended 31 March 2021 Ilncluding Income and Expenditure Account and Statement of Total Recognised Galns and Losses) Totsl 2021 Tc•tal 2020 Unrestrlcted Note Inrne and Endowments from: Voluntary ¢neome Charitable activitie5 ActlvitSes for generatlng funds Investment Income 547 360 9)7 6,662 105,915 213,029 1,694 .524 74.568 2.051 212,602 221.126 74,568 2,051 Total Income 8S.6 212,962 298.652 327,300 Exp*ndlture t)n: Raising lund5 Charltable aciivitles 12.6091 167.9011 111,7041 1229,31SI 114,3131 1297.2J61 149,3661 1262,5331 Total Expendlture 170.SIOI 1241,0191 13ll.5291 1311,8991 Net Incomellexpendlturel 15.180 128.0571 112.8771 15.401 Net m¢)vement in funds 15,180 128,0571 112,8771 15,401 R•condllatlon olfunds Total funds bfou8ht forward 1.649.426 829.772 2.479.198 2,463,799 Total lunds carried forward 21 1.664.606 801.715 2,466,321 2,479,200 All of the charllv's aCtitIeS derlve frorn contlnuln8 opefatSons durln8 the above two perlods. The lund5 bfeakdown foi 2020 is sh¢)wn in noie 21. The note5 on page5 16 to 29 form an integral part of these finantial statements. Pa8e 14
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women (Registration nurnber: 062098061 Balance Sheet as at 31 March 2021 1021 2020 Flxed assets Tangible assets 15 2,051,767 2,076,363 Current assets Debtors 16 25,461 439,855 14,550 435,921 Cash at bank and hand 17 465.316 450,471 Credltors: Amounts fallln8 tlue wlthln one year 18 150,7621 147,6341 Net current •et9 414,554 402,837 Net se¢S 2.466,321 2,479,200 Funds ofth¢ tharlty. Re5trkted 801.714 829,771 Unrèstrkned Income lunds Unrestricted 1.664,607 1.649,429 Total funds 21 2.466,321 2.479,200 The financial statements on pa8es 14 to 29 were approved by the irusiees, and authorlsed for Issue on 11 Augu&£..2.Q2a)dsi@ada6nQ&Tir behalf by.. RR Vliuvè Richa Karnani Setretary and Trustee Rupa Mistry President and Truslee The note5 on page5 16 to 29 form an integral part of these finantial statements. Pa8e 15
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 I Charlty 5t*y5 The charity is limited by guarantee. incofporated in EnaTrd and Wate5. and consequently does nol have share capital. Each of the trustees 15 liable to tontribute an amtyjnt not exteeding £1 towards the assets of the charlty in the event ol liquidatioTh. The address of its registered oifjce is.. 210 Burnt Oak Broadwav Edgware Middlesex HA8 OAP 2 Ac¢ouniln8 polldes Summary ol SI111tant accountln8 polldes and key account5n8e5tlrnatts The principal accountin6 policies applie(J In ihe preparaiion of these finandal stalements are set out below. These pollcle5 have been con51stentty applied to all the year5 presented. unle55 Otherwise stated. 5tstement of compll•nce The nnancial statements havè been prepared in attordance with Accountin8 and Reportin8 by Charities.. Statement ol Recommended Prauice applicable to charities preparin8 ihelr accounts In accordance with the Financial Reportin8 Standard applicable in the UK and Republic ol Irdand IFRS 102 IA) (effective l April 20151- Icharltles SOPP IFRS 102 IAII, Ihe Financial Reportin8 Standard applicable in ihe UK and Republic ol Ireland IFRS 102 IAI and the Companies Att 2CQ6. Basls of prtparatlon Sangarn Association ol Asian Women meet5 the definltion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 gtherwi5e stated in the relevant ountin8 policy note5. The financial statements are pre5en¢ed in StedinB l£1 and figyres are shown to the nearest whole pound. Gdn8 wncern The tru5tee5 considef that there are no material uncertalniies about ihe charity's ability to coniinue as a 8oln8 concefn nor any si8nificant areas of uncertainty that affert the carrying value of assets held by the charity. Exemptlon from preparlng a cash flow statement The charity opted ro early adopr Bulleiin I published on 2 February 2016 and have thereft)re not included a cash flow statement in these financial statements. Income and endowments All income is Feco8nised On the charity has eniiuement to the income. it is probable that the income will be received and the amount ol the income receivable (an be measured reliablv. Pa8e 16
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 Donrrtlons legtscles Donat10115 are recognised when the charity ha5 been notified in writing of both the arnount and settlement date. In the event that a donation is subjetl to conditions that require a level of performance by the charitv before the chafity is entitled to Ihe funds. the income deferied and not reio8nlsed unt51 elther those conditSons are lully met. of the fuifilment of those conditions is wholly within ihe control of the charity and it Is probable ihat ihese condlilons will be fulfilled in the reportln8 period. lknt7teds¢rvi¢es ondfvcilitks Where services or facilities are provided to the charity a5 a donation that would normally be purtha5ed from our suppliers. this benelit is included in the financial statements at its fair value unless its fair value cannot be realiably measured, then at the cost to the donor or the resale value ol goods that are to be sold. Investment Income Dividends are retognistd oncè the dividend has been dtdared and notiffication has been feceived of the dividend due. Expendlture All expenditure is recogniseil once there is a le8al or constructive obligation to that expendtture. tt Is probable settlement is required and the amount cJn be measured rdiably. All costs are allocated to the applicable expenditufe headin8 that aggregate similar costs to that category. Where c051$ cannot be direclly attribuled to particular headings they have been all¢Kated on a basis cons1Stent with the use of resources. Wlth central staff cost5 allocated on the bashs of time spent. and depreciation thar8e5 allocated on the portlon of the asseffs use. Other Support Costs are alliKated based on the spread of staff cost& Rolslnifvnds These are costs incurred in attradln8 voluntary income. the management of investments and those incurred in tradin8 a£tlvitles that raise lunds. Chorftoble ortfvltlts Charitable expenditure comprises those costs incurred by the charity In the delNery of its artlvltles and services for its beneficiarie5. 11 Includes both costs that can be allocaled dirertly to such artivitle5 and those Q5t5 of an Indlrert nature neSary to SUPPQrt them. Goveman¢e costs These inilude the costs attributable to the chariV5 Complian with constitutional and statutory requirernent5. inclvding audit. slrategTrc management and trustees's meetings and reimbursed expense5. Taxallon The charity is considered to pass the lests set oyl in Paragraph I Schedule 6 of the Finan Act 2010 and therefore it meet5 the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentialty exernpt from taxation in respect of incorne or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992. to the extent Ihat Such incorne or gain5 are applied exclusivety to charilable purposes. Pa8e 17
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 Tan8lble flxed assrfs Individual fixed assds costing £1.5CQ or more ale initially recorded at tost. The property is carried at fair value. derived from the current market price5 for comparable real estate determined annually by external valuer5. The valuers use observable market prices. adjusted if nece55ary for ny ¢Jifference in the nature. location Or tondition of the specific asset. Change5 in fair value are recognised in thè statwntnt ol financial 3di¥ities. Depreclatlon and Jmort15at5on Depreciation Is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected uselul economic life as lollows.. Asset class Fixtures and fitting5 Land and bulldln8s Depr•clatlon m•thod and rat• S years on cost 50yeafs on cosi Tfade debtors Trade debtors are amounts due from customers for merchandlse sold or servlce5 performed In the ordlnary course of buslne5S. Trade debtor5 are re(nISed Inltlally at the tran5artSon prlce. They are subsequently measured al amort15ed Q5t uslnB Ihe effectlve Interest method, le55 provision for Impalrment. A provi5i0n lor the lrnpairment of trade debtors Is e5tabli5hed when there15 objective evldence that Ihe dbarity wlll not be at>le lo wllKt all amounls duè according to thè orilnal tèrms ol the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and oiher short-tem) hl8hly Ilquld Invesirnents thai are readi{ convertible io a known amount of cash and a sublett to an insl8nlflcant rlsk of chan8e in value. Trade ¢redrtors Trade creditors are obltionS to pay lor goods or services that have been acquired in the ordinary course of business from Suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconijitional right. at the end of the reporting period. to defer 5ettlernent of the creditor lor at least twelve month5 after the reporting date. If there is an unconditional right to defer settlement for at least tWee month5 after the reporting date. they are presented a5 non-current liabilitie5. Tiade creditors are recognised initialty at the iransartion pri and subsequently measured at amortised cost using the effective irnterest mdhod. Fund structure Unrestrirted income funds are general funds that are avallable for use at the trustees disuetlon In furtherance of the objertives of the charity. Restrirted income funds are those donated for use in a particular area or for specific Purposes, the use of which is restricted to that area or purpose. Pa8e 18
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 3 Income from donations and legades Unrestrkted Totsl 2021 Total 2020 General Restrlcted Donations 214 360 574 2,030 1,909 2,723 Gift ald Subscfiptlons and membership 333 333 547 360 907 6,662 4 In¢off* froffl tharltable actlvllles Unrestrkted Total 2021 Tot•1 2020 General Restrlcted TuStion fees 371 371 9,924 13,829 7.012 75.150 Immlgration advSce lees Counsellin8 Gran¢s recelvable 7,612 541 7,612 S41 212,602 212,602 8.524 212.602 221,126 105,915 5 Incom• from actfvltl•s for 8•n•ratlwfvnds Unre51rkted Total 2021 Total 2020 General Fundraisin8 events Hall lettin8 and other hirè 3,442 209,587 74,568 74,568 74.568 74.568 213,029 6 Investment Income Unrestrkwl Totsl Z021 Total 20ZO GeDer•l Interest receivable on bank deposits 2.051 2.051 1,694 Pa8e 19
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 7 Expenditure on ralslnK fvnds Unrestrkted Totsl 2021 Total 2020 General Restrlcted Wa8es and salarles Slaff NIC Postage and stationery FuThdralsln8 expenses 36,277 1,305 4,141 7,643 2,035 274 2,035 I,iio 3,168 836 2.868 11.704 14,313 49,366 8 Exp•ndltur• on chalats artMt5•s Unrestrkl Total 2021 Total 2020 Genéral Rsirfttd Notè Rate5 and water 1,126 2.875 1,126 3,392 16,460 164 4,252 3,40S 13,570 4,750 Insurance 517 Llght and heat Classes eXnseS Repairs and malntenance 16,460 164 37.954 17,7SO 2,492 1.879 55.704 2,492 1.899 6,776 5,154 7,694 1,934 3,376 7,614 14,923 13,925 4,586 1,030 1,169 117 Telephone Subscriptions Sundry expenses ClÈanin8 Hall hlre 20 6,776 524 4.630 Computer expenses Trainin6 Travel Bank charges Depreciation of lon8 leasehold property Depreciation of fixture5 and fittings Wa8es Staff NIC 1,081 8.652 879 9.733 879 93 93 20,901 20,901 20.900 2.191 3.695 139.205 5.697 2,956 166 20,715 4,054 106,532 6,285 2,627 8,385 31,405 139.205 5.697 2.956 Staff pensions Recruitment 166 14.280 Governance costs 6,43S Pa8e 20
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 unrerkd Total 2021 Total 2020 General Remrfcted Note 67,1 229.315 297,216 262,533 9 Analysls of 8overnance and support costs Unre5trkled Total 2021 Total 2020 GtraI Rtstrfctèd Staff costs Wages and salaries Social security COSts Independent examiner fees Examination of the fjnandal statement5 5.505 261 407 407 3,400 650 Accountancy feès The audlt of the chaflty's annual accounis 6,740 6,740 Mana8ement fees Ll8ht and heat Insurance 8,77S 348 81 81 68 Repairs and maintenance Telephone Cornputer costs Rates and water 969 969 61 20 35 35 62 29 29 109 Cleanin8 Ac£ountancy fees Legal and professional fees Legal and professional fees 14 14 383 4,393 7.540 7,540 7.370 6,435 14,280 20,715 31,405 10 Tfu$iees remuneraikn and eMpense5 No trustees, nor any persons connected with them. have rKwved any remuneration from the charlty durln8 the year. No twstees have rec•ved any reimbursed expenses or any other benefits from the charty during the yeac. Pa8e 21
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 li Staff costs The aggregate payroll costs were a5 follows.. 2021 2020 Staff tosts durln8 the ar wr•: Wages and salaries Social seturity tosts Pension costs 147,205 8,139 2,956 148,314 7.851 2.627 158,3CKI 158,792 The monthly average number of person5 linduding Senior rnana8ernent team) ernployed by the charity during the year expressed a5 lull time equivalent5 wa5 as follows.. 2021 2020 Admlnistrètion and advisors No employee rec•ved emolumenis of mor than £60,C*)J during the year. IZ Independent examlner's remuneratlon 2021 2020 Examlnètlon of the financl415¢atements 3.400 13 Audltors, remuneratlon 2021 20ZO Audit ol the financial 5tstement5 4.9(M) 14 Taxatlon The charity 15 a registered charity and 15 therefore exempt from taxation. Pa8e 22
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 15 Tanglble fixed a55els Land and bulldlngs Furnllure and equlpmert Total Cost At l April 2020 2.484.794 270,8 2,754,802 At 31 March 2021 2.484,794 270,C¥)8 2,754,802 D•preclatlon Af i April 2020 Charge lor the year 417,031 20.) 261.408 3.696 678,439 24,596 At 31 March 2021 437,931 265,104 703,035 Net book value At 31 March 2021 2.046,863 2,051,767 At 31 March 2020 2.067.763 2,076.363 Included wlthln ihe net book valuè ol land and buildln8s above Is £2,046.86212020- E2,067.7631 In respèct of leaseholds. 16 Debtors 2021 2020 Trade debtors 2,016 2,334 888 Prepayments VAT recoverable other debiois 16.527 6.918 6,198 5,130 25,461 14,550 17 Cash and (ash equlvalents 2021 2020 Cash on hand 251 1,147 434,774 Cash at bank 439.604 439,855 435,921 Pa8e 23
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 18 Credltors: amounts fallln8 due wlthin year 2021 2020 Trade creditors Other taxation and social seturity other cdItorS 15,219 3,367 27.008 5,168 14,401 3,341 26,492 3,400 Accryals 50,762 47,634 19 Penslon and other sthemes Defined contrlbutlon PenOn s¢heme The £harity operates a defined contribution pension s(heme. The pension cost chaf8e for the yeaf represents contributions payable by the tharity io ihe stheme and amounted 10 £2,95612020.. £2,6281. 20 Contlngent Ilabllltles A former employee has made a claim 01 £47,347 a8alnsi the Assoclation. The case Is due to heard at the Employmeni Trlbunal In Watlord in Au8lJSt 2021. The Aswcia¢lon has been atfvised by the Insuranie companv Ihat It has more than a 51% chance of winning the case and are willing ¢0 take il foTh¥ard. However as a matter of prudence the Assoclatlon has made a provision lor Ihe conllngent liabllity 01 £20.OCKJ.(K) in the accounts. Pa8e 24
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 21 Funds Balance at 31 Marth 2021 Balance at I Incofflln8 Aprll 2020 re%>urces Resources expended Transfe Unrestred fvnds Geneml General fvnd Property Revaluation Fund 49.640 1.439.788 85.689 170.5101 125,CQ)I 39,819 1.439,788 1.489.428 85.689 170.5101 125.1y} 1.479,607 Deslgnuted Buildin8 Maintenance and Renovali05 20,r 15.(IXI 20.C4)0 io.(*Jo 20,LX)O io,wo 20.(X)O lo.0 Redundancy Fund Liti8ation Fund Coniin8ency Fund 8uilding MainteTrance Sinking Fund Mana6er Post Fund Is,co)I 70, 25.C4)0 Ico,000 25,WO 160.(KKJ 25.(KQ 185,OOD Total unrestrlrted fvnds 1,649.428 85.689 170.5101 1.664,607 Restrkted funds Building Fund Icapltall Equipmen¢ fund Icapiiall Women India Association of the UK 627.973 6.019 607,073 4,514 11.5051 11.250 116.490 694 111.2501 s,wo 116,8SO 378 Oomestic Violence Project Senior Citizen5 Outing5 Building Maintenance Project City Bridge Trust Asian Bereavement Coun5elling The National Lottery Communiiy Fund {Cod response) The London Community Foundation Covid Wave 4 Immi8ration 13161 41.352 18.832 41,352 15,450 61,3QJ 164.6821 7,161 17.1611 72.477 172,4771 9.958 14.7271 5.231 Pa8e 25
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 B)l&n¢e at 31 Marth 20ZI Balance •t l NKomlng Aprll Z020 0r(e$ Resources e¥pended Transfers London Communliy Response Wave 3 vla Clty Bridge Trust Tudor Trust- Staff and Volunteer support HMRC Furlough 24.581 120.7161 3,865 2,Q)O 37.287 137.2871 Total restrlaed funds 829.771 212.963 1241.0211 801,713 Total funds 2.479.199 298.653 1311.5311 2.466,321 Pa8e 26
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 B)l&n¢e at 31 Marth 20ZO Balance •t l NKomlng Aprll Z019 0r(e$ Resources e¥pended Transfers Unrestled fijnds Genernl General fvnd Property Rèvaluation Fund 69,852 1,439,788 252,151 1210,8631 161,5(M)I 49,640 1,439,788 1.509.640 252.151 1210.8631 161,5(KJl 1,489,428 17eslin#ted Bullding Malntenance and Renovations Redundancy Fund Lltigatlon Fund Contingency Fund Bulldin8 Maintenance Slrkln8 Fund Manager Post Fund 20.(XIO 15.C¥)O 12,(IX) io.( 20,CKIO 20,000 io.wo 40,(XM) 25.( 70,WO 25,000 122,Cl)J 38,C 160,000 Total unresirl¢ted funds 1,631.640 252.151 1210.8631 123,SQJl 1,649,428 Restred Building Fund Icapitall EquSpment fund Icapltall Women Indla Assoclatlon of the UK Oomestic Wiolence Project Senlor Citlzens- Outin8S Building Maintenance Project London Communttv Foundation Trainin8 Prolect CCTV Fund 627,634 21,240 5.495 627,974 6,019 S24 12,th)0 116.49) 1.669 15.CK¥J 115,7501 11,250 116,490 694 19751 41,352 41,352 11.6101 I3} 12.CQ)I City Bridge Trust Asian 8ereavement Counselling 19.013 60.150 160.3311 18.832 io.( 11.9941 18451 7.161 Total restrfcled funds 832.158 75.150 1101.0361 23.500 829,772 Total funds 2,463.798 327.301 1311.8991 2,479,200 Pa8e 27
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 The speclflc purposes for whlth the funds are w be apled are as follows.. The specific purposes for which the funds are w be aPled are as follows.. General General fvnd represents the free fvnds of the charity. whith a not designated for purpose5 and therefore. the trustees can use the funds in accordance with the charitable objerttves. b. Property Revaluation Fund this is a non-distributable fund relaiin8 solely io the revaluation 8ain arisin8 on the property at fair value, which has been recoBni5ed in the SOFA. Designated funds are Set aside from the general lund and used for a particular purpose as follows: a. Gerneral Building and Maintenance Fund.. purpose of general upkeep. b. Redundancy Fund.. covers costs relaling lo redundanry. Lili831ion Fund.. covers Cost ol fulure polential litl8ation. d. Contin8ency Fund.. cover5 the cost ol recruitin8 a new tempoiary worker whilst an existin8 worker is on maternity leave. Buildin8 Maintenance Sinkin8 Fund.. tovers the cost5 relatin8 to lon8 term renovations to the buildin8. f. Manager Post Fund.. partly supports cover of Centfe manager post. whilst income from venue hlre Is extremely limlted anil San8am is 80in8 ihrou8h structural changes. Restricted Funds a. The Buildin8 Fund Icapital Asseil.. represents the nel book value of the buildin8 owned by the charity. The Buildin8 was lunded by donations 8iven for this purpose tc6ether wlth other capltal expendlttyre funded from the day to day workln8 capital. The oul80inB amount represents the buildin8 deprecSaiion char8e. b. The Eoulpment Fund Icapltal Asseil". represents ihe nei book value ol the equipment owned by the charlty. The outgoing amount represents the equipment depreciation charAe. c. Women India A55ociation of the VK.. assist indimduals wilh a personal bud8etin8 pro8ramme. d. Domestic Violence Projert.. funds counsellin8 for indiwduals and Coue5. e. Senlor Citizens outin.. takes seniors on outin8s or other acliyities. f. Buildin8 Upgrade Project.. PrOe better fauli¢ie5 for acce55 to the less able ¢0 all area5 of the building, particularly lifts to all floor5. g. City Bridge Tru5t.' to prowde fa to face debt advice to indi¥iduals Ithis year for core expense51 h. Big Lottery Asizn BertavÈmÈnt Counselling.. to provide group based bereavement counselling particularly for the Asian community. i. National Lottery Cornm Fund &Id Response.. One of core hjndirtg and inve5trnent in IT to support lost hall hire income due to lockdown of enlertainrnent venues. j. London Comrnunity Fund Wave 4 Immigration.. Support immigration work for S months from Feb-june 2021 k. London Community Response Wave 3: 5UPPOrt for coun5elling 5eThice5. l. Tuclor Trust Volurnteer and staff welfare.. one of 5UPPOrt for Volunteers and staff wellbeing during Covid. m. HMRC Furlou8h= Support from government duTing 1st wève of COWLI. Pa8e 28
Do¢uSign Envd¢p• ID." 6EB3FaFl-F7l7-4B9Wtso9E2CEF7FA Sangarn A550CiatI( of Asian Women Notes to the Financial 5tatement5 for the Year Ended 31 March 2021 22 Analy519 of net assets between fvrrfls Unrestrkled funds General Tgtal fund5 at 31 March 2021 Rtstrfrttd lunds Tangible fixed assets Current as5et5 1,440,179 275.189 150,7621 611,588 I.126 2,051,767 465,315 150,7621 Current liabilitles Total net assets 1.664,606 801,714 2,466,320 Unrestrfcled lunds General Total fund5 at 31 March 2020 Restrfcted funds Tan8lble fixed assets Current assets 1,442,370 254.693 147.6341 633,993 195.778 2,076,363 450,471 147,6341 Total net assets 1,649,429 829.771 2.479,2 23 R*latsd party transartlons Therè were no rèlatèd party transartoons In theyear. Pa8e 29