Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Ciwnpary registration nvTnbEr. 06206 Charity re8iStralion number.. 1119239 Sangam Association of Asian Women IA torwThy limrted ty guaranteel Annual Report and Finala1 Statemer lorthe Year End 31 Mawch 2023 Ripo LLP Chartered Accountant arld Regtstered Auditor 9A Burrou&hs Gardens London NW4 4AU
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Contents Trustees Report Ito6 Thè Statempnt of Resrxirsibilrt Independent Examlner's Report Statement of Financial ArtNftie5 9tolO Balance Sheet li Note5 tothe Flnanclal Statements 12to23
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Trustees Report The trustees. who aTe director5 for the of compaTry I, present the annual rew>rt togetheT With the financk41 statement5 and auditor5, report of the charitable cornpany lortheyear ended 31 March 2023. Objertlves •rttvllle5 (Ibjects and olms To promotè any tharitab wrrxlSP that b@rS the I31 community ty alvan¢ir8 educat, thè protection of hpahh, and relievin8 Ptyjerty, dBtress and sickrss. ObJertlve4 5trntryles onductlvltJrJ Sangam'5 charrtable activit compre5 of Bre Club, Waiffl Mornin8 & Food Noah's Atk - Chlldren s Hosplce, IAfrika Projert, Maitri Projed. SenKsr CitiTrn5 Club. and Organ18 E4enls. FthidralslAgdlsclosvrns Income LS driven the hire of Sanqam's fovr ¥enve5. These Include: renial of space lor 3 nery prIY4knn on rhe Bround Iloor5,' lar8er functk)ns and wenis held thè firs1 floor barbquetln8 suilo room, and smal meing5 and church gatherin8s held In the iwo 5m•ller second-fhKf 5pxe5. IrKomefiom ihese UnIS for approximately 9$% of the charftls Incom•. The charit¥ has a0 receed a SMalr woportK)rb of fts iocome from grant makln8 11 has recelved smaller graDiS from the Ktksrari Communrty barnw and Senr dllzen acfhttts & outln&4. Py&lkbeffl¢llt The trustee5 confirm that they have complied with the requiiements of 5ectKsn 17 of the Chailtie5 Act 2011 to have dué regard to the pulAic benefbt 8uldarKe published by the Chaiity Comm&sk)n for Eld ar¥J Wales. 50¢&711nv•srm¢ntp4lkl•s The oryanLsatTh a0 offers a rawe of srxkl cuhural act$. These irKlude bridge cla55es, frtness and well-bein& and socI31 aaltIeS for sènbr cotln5, all of vihlch enabks the ty8antsaiion io reach en8a8e wrth brO¢r cllent'5 groups who rnht benelit from our ad¥i¢e and coun5elli seThkes. Grorttnrakfnqptrlkles San8atll'5 giant-makin¥ Sllpptht the 8ftsh d Its tore pro8rammes and PTLwhle ldltlonJl scope to thÈ dell¥ory of ourserCe. At the heart of this apProh learnln8from our diem5, which enab5 US to re5FK>nd io their emer8ln8 nqed5 and ddfver inno¥ive approachès that tan supp)rt the erfeThawirv4 requiTemerts of our ¢ommu*ity. Pa8e I
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Trustees Report to/voluntew5 Volunteer5 Ternain key tothe workSanBam delNer5. The orBani4ation h05t5 voluDteew coun5ellot5 seekiDB prIenCe to Supp Iheiv trainin& all of whoTTh have been able to contlnue opÈratlnE remote durlng the later stages of the pandemic h been Integral its the success and growth of Sangam's counselllne prtyk)n Le3 Sheth provldes voluntary fln3nci41 guldancè ¥ross many of San8am's ¥twities and works t105ety wlth audhtors to consolidaie its en¢of-yèai accotsnis. We ha¥e Frlend5 01 San83m, 3 8roup ol Iirfmei and we5ent board Members who meet re8ulaity to organi5e talk5 and workshops thai build upon the core worksaneam delwevs. FSnalty, Sangam has a trxiaid ol Trustees wo¥kle athIttlal lnIary SUFVOrt to ts art11e5 tyjtgde ol theSr core dthies a5 Twsiees. Fth•m¢l•l r•W The chaftty has ne¢ assets and reseryes 01 £3.954,59112022.' £3,8.3)> ai 31 March 2022. IncludthB £443,13212022.' E353,05LI ol bank balance5. Pollcyon reserves The Board of Directors have esiablLshed a pollcy wherety ihe compary shwkl hold unresirlcted fund5 not commttted or esied In ianglblè Ied asseis Ibolr "the free reserves"). equaing to months, wonh of Ih@ resouFce5 exThded, bdn8 £68,277 . Al tho levd, the bowd memtrrs feel ih ihey be awe io carry on the company's lttle5 In the ent of a rodu£tlon In lundln& sieps bein8 taken to increase ihe le¥el d rv•er¥e5 arè provlng smis+t@ bui cominuou5 aSse55rnent and new re50ur¢e5 are needed. Al present, lièe reSee5, whKh amount lo £106,393. do not reach thè tai8et le1 and the Commill• & conslderin8 strate8ie5 to rthe addrtlonal funds. Deswated fund5 ha4e been Sei up to CLv4erc05ts of expected expendsture. Prlft¢lp4ll¢tJOlnoso¢•ms The princlpal 5ouice ol fund wasthe hlre of 5an8am's varfou5 ¥enue5. Thls ¥ear sangam has re£eW a reni of arwnd £171k from renial Income of ha115. Durln8 the year more sireamllned approach ha5 been impkmenled to 5endin8 ou¢ rrth nMletter5 to rnEmbw5. ha5 included iea(hiw Chijioke to use Maikhimp 50 thar our newsl•ters have a wroi4tent and thsire CahTrVa Ily any Image$ and posters which need to be created. Postets have been ed to atherttse LMJI W3rrD Morniry it) December, Januaty and Febiuary, including other events )d cl¥. Thls approach has been adapted In 0ett0 iocrea5ethe lundlr* f¢x ihe (hartty. Pa8e 2
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Trustees Report Goln8Cor Thls year ha5 been a very drfferent workin¥ expwierKe lof all of u5 at San8affl. With LWT irFhou5e servi5 c105ed, the cerfre seemed very quid and desole. However. behind Ihe xerbe5, the Sawam Board have been workine hard, fotusing thdr energy on rebuilding Sansam'5 SeiCe5 and getting our hall rental income back on track. We have been thinklng hard how to rebrand ou15efve5 to ieflecl our new diieclion and secure the fVre of saat. Sangam's deasknn io tlosè rhè i1)-hoe servkes wag always wilh the Inienfkn) of supportlng other charttable servlte piowiders with similai obiertfves through eranis oi othsourcing these seryices ai our eMBe$. Bwng funders ts a new concept for San8am, hencè a lot of invesiatknn, (aurion and deliber8iion L4 beir iaken io ensure we fvnd the rlght charities thai m•th oui crrfleria and ex(tatIOn. Flnalty. ono olthè charfty prlnclplÉs airThs todfver5rfy our Income sIrM5. L3St year hlghlL8hted the rLsks ol bell overty reliant on hall hire. F¢Akn¥in8thesucce5s of our recent 8rant appllcatlon5 th15 vear, and in order maintain our lon8er-term su5taiThabilrty, we will aim lor a rnore equ split between 8rant and hall hire Income. TruStee5•r officef5 ThÈ trustees and officer5 5eThlry durln8 the year and slrrfetheyeai end wfjre a5 fdlrs.' Piesldert.. Ptyusha Vlranl Rupa Mistry Ireswed 6Juty 20221 Trustees.. Parnl Gaknaf Ptyusha Vlranl RKha Karnani Ire54ned 6 july 20221 Rupa mlry Ire$4ned 61v 20221 Suchttra K4br Sudha 5an8hanl H Gudka (appointed 6jU 20221 s pel lappoiNed 6 july 20221 Secretary= AKha Karnani Ire5yed 6Juty 20221 Pa8e 3
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Trustees Report R•l•ru and Admlnfstrntl4 Dètsiis Charity RegtratiOn Number.. 1119239 Company RegtratiOn Number.. C62(P)806 The charity 15 Incorporated in Erlaj and wa5. Re$ered Offltt.. 210 Burnt Oak Broathvay Ed8ware MdIe$eX Independent ExamlDer: Ripe ILP Chanwed AcConian1 and Regimered Audlloi 9A Burroth Gardens London NW4 4AU SolKf(or5'. Flad8ate Llp 16Great Queen Street Covenl Garden London WC28 SAH sirTel 8owrn•n¢• •nd m•n•pm• JV¢ltwtolgovemlnq docvffleftt The Charrty Is a charitable cornpany Ilmfted try guarantee and wa5 Set up by a Memorandurn of A5soclatlon on Ilth Aprll 20)7 and a regtered charity Ichaiity ResIratIOn Number 11192391. Thi5 company look o¥er the as5et5, oblWtion5. and operatlons Irom the unlncorporated charrty of thesame narne wtth ettect from 1st April X(V). Re¢rultment ondoppdntmtntol tntytws Election of trusiees ¢r$ every 10 years. IndrKtIon t7ndtmlnlng oltrusttts Folkiwin8 appointment, the Board ol Director Introduced to thelr new rde and re5ponslblltties And then allocated portfollo to rna8e. Initialty. the Boaid of DirertL¥ shadrn¥5 exlIng 8oard ol Director. a55i5tirÉ on acrDiitles and pioject5. After SatfaCtorY feedback fiom the exi5tir8 Boawd ol DirectOW5, tly are then 8r¥en the task of leading an activity or projects, reportin8 progre55 at the next rneetln8. An informatkin pack contalnir* all pollcie5 is en to the Th"ie£tor wior to the apsxiinlmeTht. A tour of the Centre and flre drlll technlques are undertakon io ensure all Dlreaor5 aièfanlllarwithi prem15eS. Trainin& work5hop5, and Seminars ¥e offered to all the Board of DiieLtors aj Sarym Staff from trained profe55k)nak. This to ensure that Staff and the Board are ke0 usFtTrdate with chan8e5 in the I•Af and are aware of the latest policie5 and prOdUre5. Pa8e4
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Trustees Report orgoft15atlonulstnKIu The CharTty make5 all dec5 thrLwgh its Board, whKh meet5 Tegulath. Sawrn a Yoluntary OrganatIon that prLwide5 vice SeiCe5 to all individuaLs. WitUl any dtstinction d w&è, natKTrnalrty. gender, cdour. cieed, or Tdigv)n. Sangam's polky to have occ35knal iralnlth& woitrshops. and stmitsars Ith for the Board and Its Staff from eKternal tralned professIona, to #ienohen the Ngantsaihinal aiurtuie keep tt Ukxlared wfth ihe ¢hanBlni rimes and new laws. MuJorrfsksondm0Th7qementolth05erf5kn Aft INk7litYto scoleupwo¥i5iOn A5 seek to build upon thè momentum of the p351 12 monih5. and ha¥ir8 recewÈd requests to ctrlocate at satelllte prOV10n, our tap3ti(y to do 8row our semces restncted.. wrth only one member of staff providiry social weNare law support, there K5 a limit to how rnany peopk we can support and additiorbal capacity requlred to achieve our gro¥Yth tar8ets.. ATr INpubllityto bruLrden In houJe5klNs Equally, new staf brlng new 5k1115 and a Ire5h ppTrp•dfr¥ that can Wp dewlop not onty the volurnp of work wp can ddiver but rts scope and Impact. Ldn8ua8e and addhInal 5UPPOrt skilkn- •mthmeTht support for ex•npl2-will he u5 attract new clients and offei new servlce5. Reducedcomperiti¥ntss A combination of the abov( could prevent U5 fiom inlioducin8 new linnovalwe approxhe5 that could attrACt external investment. At present we will be lorced to Introduce ne4V 5ervKe5 within the current 5taft team. and mshI 5tTain our ex15tln8 Staff re50urc•5 Aftlnotsiity to benelltlrom recentrethovotknrt works Havln8 Invested on renty4atlons. further restrKtlon will prev1 Sangam from recoupitva these costs. Thts will place further stralns on exlstln8 fQserve5 and pL4ce Increas4d deffland5 on ouf 8ranl dUn6-what refflaln5- a challenWn8 perk)d for these(tor. Pa8e 5
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Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women The Statement of Responslbllltles The trustL Iwho afe akn the directo of Sarn AssatH)n of Asian Women for the purposes of c4)mpany wI are responsib for preparing the Irv5tee5' reFK>rt and rhe financial staiemen15 in accordan wrth applicable law And United Kingdom Accounti Standards (Unrted Kingdom GeneTdtyf Accepted Accounting PraLlD, Induding FRS 102"The Financwl Rèporting Standard appliCae inthe UK and Rewbl ol Ire13nd'. Company law requires the trustees to prepare financthl statements foT each financL41 year. Under company law the tru51ee5 must not approve ihe fncIal statement5 Un55 they are5alfd that they 8we a true and faiT v¥¥ of the state ol affairs of the charrtab c(xnpany and of the inC¢)Mir fe50urces and applKation of resour, Including rts Income and expendbture. ol the chaTftable company for that period. kn prepawln8 ihe5e financlal statements. the tru5tee5 are requlred to.. select suab atcountin8 pol1cl arbd appty thèm wrL%i5tentty.- observethe merhods and prlnciples In the Chartties SORP, make judgemènts and estimates that are re350naWe and pruderbt.. stale whher app1Kab actOUnlin$ st•)dard% ¢ompr$iw FRS IOZ have been Idlowed, subjed to any materkl departures dixlosed and explaithed In the flnancLalstements' •id epaie the financial 5tatement5 on 8oln8 tohcem b8$1$ unless In•Jprowiate to presumè that the tha[hae company wlll contlnue In bL$In. The tfU51ees are re5pon5ible lor keeplre proper accountiw record5 that can drK105e wtth reasonab accuraLy at any tlme the financial Positknn ol the chayitable company and enab them to ensure thai Ihe Iinancial siemeDts comply wlth Ihe Companle5 Act 2CC6. They are aho re5POn5ible for SafegudIn$ the a55et5 olthe Iharttable company and hence for takin8 reasenabltsteps for the preventlM and dèterthjth of fraud and (rthei Irre8ularttles. The trustees are re5pon51ble for the maintenance and Inte8rity d the corpore and flnancial Information Included on the charsiable company's websitt. LeRtslat)n Btrveining the prepar*1( and dtssemination of linancia statements may dlffer from letslation In 0therlurisdictlLS. Pa8e 7
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Independent Examlner's Report to the trustees of Sangam Assoclatlon of Aslan Women I rep(Kttothe chawrty trustees on myexaminatioTh of the accounts of the Companyfoitheyearended al March 2023. Responslbllltles ld b•sts ol report As Ihe charrtY'S Irustets ol the Company land aL%o rts dlrertL¥S lor puwoses of tompany lawl you are resportslble for the prèparatlon of the ac¢ouNs In a¢cord¥tèwr(hthe iequiiemenfs of the Companlès Art I'th 2(M)6Art'I. Havin8sat&flÈd mysÈWthat thp atcounts of thp Comp¥ arè nDt r@quirÈd to auditÈd undor Part 16 of tho ?1 Act and are eligible foi independeni examiThbtion, I report irb resrrt Df my examinatKJn of your charits attounis hs carried out under sertion 145 01 the Charrtves Act 20111.1 2011 Art'l. In carrying out rny tMaminatK)n I have folbwed the Threcibns 8fven bythe Chlrity Commkskn undèr 5edkn 145(Sllbl ol the 2011 Act. l•d•p•nd•ffl 4mlrrfJ Jtst•m• I have CoMet¢d my eyamlnaiion. I conflim iha M matters hwe come to my attentk)n In connectn wfth the examination wvinÉ me twse to believe.. accountin4 reco we thot kept In respect of 5an8am AssocAtK)n Lrf Asw) Women as reoulred by sedion 386 of the 2CQ6 Act.. or 2. the atcounts do not atcordwith those rècor05.' or 3. the accounts do noi comY with the a¢tountit)g it4uiiements d S50 396 of Ihe Act orher than any requlrement that the accounts 8Ne a'tiue and lair vw' whKh not a matter con51dered a5 part of an Independent examinion,' oi 4. the accounts he not been prepared In a¢¢ordanct vihh the met& atvj prln¢lples of the Statement of Retornmended Pra¢tKtrl¢Jr (ounling and reportiw charrtiès [ap1[ab to charit5 prèpariw their Kcount5 in 3ccordarKe wrth the FInCIal A•rtIre513ndard applkabl• In the UK and A•publlc of Irqland IFRS 10211. I have no <on¢erns and have come acioss no other matters In connection wtth the emaminatlon to whlch attentk)n should be drowD in Ihts report in oidei 10 enab a wopei undpt5tèrKIits8 of thtèccounts to be re&htd. Robe CharteTed A(countant fle$red Auditor rYc¢- 9A Burroughs Gaide*)s London NW4 4AU Date.. 19 Septernber 2023 1 12:56 8ST Pa8e8
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Statement of Flnandal Actlvltles for the Year Ended 31 March 2023 (Indudin8 Incorne and Expenditure Account and Statement of Total Recognised Gains and Losses) Totsl 2023 SOFAlorthew4Adrd31 Mor2023 Incomelrom.. Voluntaiy income Chairtable actNitle5 1.325 2.918 173.657 1.267 2,737 941 4,062 3,859 173.657 1,267 Activit5 for 8eneratin8fund5 Investm1 Income Total Income 179.167 3,678 182,845 endlture on.. Charrtable artivi(ies 1381 1110.9121 19411 124,6631 19791 II35,5751 Rsln8 funds Total Expendr(ure 1110.9501 1136,5541 Nei Incomellexpermliturel 68.217 121,9261 46,291 Net m0VeffnI In fund5 68.217 121.9261 46,291 R•c¢JnrnlDtlon ol lur$ Total lunds brougth lon¥aid 3.185,463 722,837 3,9)8,XN) Total funds caled forward 19 3.251.680 7(M1911 3,954,591 The nLe5on pa8e5 12 to 23 an integra part dthe5e lirwncialstaternents. Page9
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Statement of Flnandal Actlvltles for the Year Ended 31 March 2023 (Indudin8 Incorne and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre5trfcted Tot 2022 Restrictedlunds SOFAfvrtheyeor4dQd31 MorXI22 Income and Endowfflentsfrom: Voluntary Income Chairtable actNitle5 1.795 16.285 142.157 930 1,795 68,441 142.157 930 52,156 Activit5 for 8eneratin8fund5 Investm1 Income Total Incorne 161.167 52.156 213.323 endlture on.. Charrtable artivi(ies 121.7641 1166.0461 I3,5 1127,5341 125,2641 1293,SBOI Rsln8 funds Total exwndr(ure 1187.8101 1131.0341 1318,8441 Nei expendfture 126.6431 I7878 1105,5211 Other recoinljed ilns Ind loss Gairbsllosses on revaluation rA fixed a5S•ts 1.547,498 1.547,498 Net M0ment In fund5 L$205$ I7878 1.441,977 R•¢oncllll of Total funds brou8ht lorwaid 1,664,6( 801.71S 2,466,323 Total funds caiiied forward 19 3,185,463 722,837 3,9)8,XN) All of the chairlv's a<tWitles dere fiom corrtinuSn8 OPWkirs dun6 Ihe above Iwo pw1¢4Js. The funds breakdtrwnfoi 2022 L4 swn In nthe 19. The nL*e5on pa8e5 12 to 23 an inle8ra part dthe5e lirwncialstaternents. Page 10
DocuSign Envelope ID: 04210122-918C-453F-9E9E-584264BF3565
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565
Sangam As%)clatlon of Aslan Women
Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023
I Ch4rltyst•
The charity 15 limited byguararrtee, inCOTporated in Eand and Wale5. Consequent dLSP5 n(t have5hare capital. Each
of the tr1¢5 is IkiL4e to tontributt an alj1 Mt txteedlne Él toar& the 3SSets ol the
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565
Sangam As%)clatlon of Aslan Women
Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023
Inve5tmentlncon
Dwidend5 are recL¥ni5ed once the dwvjend ha5 LEen dKlared ha5 been receNed of the dividend due.
Ewenditure
All expenditure ts recoentsed 0ethere ts a eal or corUcte obl¥aiion ioihol expendiiute, it ts probable settlemeni is
rèquirèd and thè amount tan bo mÈasurÈd reli&. All tosts aro allocatèd to the applitablè èxpÈndrtur@ adIng that
a88regate similar costs to that caegory. Where t(tS tannot be dirÈctfy attributed to particular hÈadirydS they have en
allocated on a basis CDnsistent wrth the use of resources. with central staff costs aljotated Dn the bas of tirne spenL and
depieciation char8es allocaied on the PortTh of the e. Other SUPPDrt Costs are allocaied based on the spread of
staff costs.
RtttsthtyAunds
Th art costs Incutted In attia(tlr8 voluntary Income, Ihe man¥emeN of In¥estments and ihose Incuiied In tradln8
¢tNitles Ihat raL%efunds.
Cht7rftabletrctlvltles
Chaittable oxpendtturè compri5e5 those C051s Incurred by the chaillv In delery of xti¥it and servke5 for It5
beneficiaries. It includes c05t5 that can be allocated directty to such activit5 and those Costs of an indirect nature
necessary to support them.
6ov•m•ne• ¢osts
These Include the costs attributable to the charitS complL4nc wlth Con5tMuth?nal and statutory requlrements. Includln8
udit, Slraieglc management at)d Irustees meetin85 and relmbued expenses.
TvJtlon
The charity IS COn5ideied to pa5$ ihe tesis set out in Para8raph l Scwule 6of the Finance Act 2010 and thei@fore mÈet5
the definhlon of a charhable company f UK cor)n t* purposes. According. the charlty ts potentlally exempt from
taxation In re5pe<t of income or caprt4 8ain5 recèNed wrthin care80r
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 Trad• dobtoys Trade debtor5 afe afflount5 due fw(wn cv5torner5 lor merChawjw sold or sewvi perforrnpd In the ordinary caur5e of blness. Trade debtor5 are Tt¢ognstd Initial at the transattth prt. Tlrf are svb5equentNf tnured al cost U51n8the èffertlve interest method. Itss PfO¥i%ion foi impaiiment. A provtsth lor the impairmènt of trade de0[$ is established whèn iheye i% obleatye e¥iden¢e ihat ihe ¢harriy will be ab to Colkn all ntyJnis due a¢cordln8to rhe orlglt)al terms of Ihe receivables. C•Jh •nd c•sh equ1vale$ Cash and cash equivalents CDmprw r35h orb hand and call deposrts. and other short-term IiquKI int4e5tments that are readlly convertible to a known amount of cash and are subject to an innrficant rkof change In value. Trad• cr•dhors Trade creditoTS are obll8ations to pty 80(Js or seNkes th have been acqulred In Ihe ofdlnary course Of bjslness fion) sUpplts. Accounts payable ait ¢lassrfitd as cuwwtrni IdJilits O Ihe charily not have an uthcondrtional right, at the end of ¢he reportlng period. ¢0 defer settlemeni of the ¢redttN forat lea51 twe months aftei the reportlni dale. If ihere Is an uncondltional ri8hi 10 defw senlement lor at a$1 twel¥e mcffiihs the iekX)rtln8 de. they are presented a5 non.current Iiabllities. Trade creditors are re¢ogntyed the tiansanw)n prKe and wb5equentW me35uied at amortlsed c05t usin8 the fectlvè Interest mprhod. Fd siru¢tur• Unre51ricted intome funds ar• 8•nèral fuhds tha are availab lor us• at the trusttes dknrelltsn In furtherance of the obleclive5 of the chaiitv. Restricted income fUlS are those foi use in a partitulaf area or fof Specif purposes, the use of which is restricted to th& area or purpose. Page 14
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 3 Income from don•tlons Iy5•5 Totsl 202J Tot41 zozz 5¢T•1 R¢strk Donatlons 2.737 3,219 843 1,528 267 SubscriptJDn5 and mornber5hip 843 1,325 2.737 4,062 1,795 4 Incoffl• frorn charltabl• actt¥ltl•¥ Total 2023 Tot 2022 Ge1 Tuftlon fees 2.918 2.918 5,231 11,054 52.156 ImMra[lOn a¢fvKe fees Grants recÈhfab 941 941 2,918 941 359 68,441 5 Ioffi• from att11* lor8•n•r•Urffth Tot•1 2023 Tot41 2022 Gener•1 Fundrabln8 wont5 Hall lettin8 and (rther hire 2.238 17tA19 2.238 171,419 L,250 I40,)7 173.657 173.657 142.157 6 In¥•5tm•rrt IncLYn• Uwesirfrted T4M•I 2023 Tot•1 ZOZ2 G¢n•rnl Interest recefvatrAe on bank deposlts 1.267 1.267 930 Page 15
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 Expendhur• on ch•rltsbl* actl¥ltks Totsl 202J Tot41 zozz 5¢T•1 R¢strk Wages and salarles Stalf NIC 941 941 22,843 Postage and stationery 1,017 941 979 25,264 8 on r•lslw ld9 Tffj•l 2023 Tot4 2022 G•Mr•l R•#rk Rate5 and water 4,875 2.802 18,614 7.325 475 2802 18,614 7,325 4,441 2,846 10,594 3,132 Insurance Light and heat Classes expeThse5 Repar5 and malntenance 47,818 2,046 L,490 7,597 9,792 3,987 120 Telephone Subscrlptlons Sundry experfes CL9anin8 Comwter expenses Trainln 140 140 2,582 8.753 3.850 2,$82 8.753 3A50 Tra¥el 2,620 Bank ¢har8es Dèprècution of lon8 leasehold property Depreciation of fixture5 and fittin 527 527 129 20,j 430 1.935 27,250 1,673 132.968 Wages Stalf NIC 27.2 3,930 2,330 Staff penslons Retruitment 302 302 21 21 Fundra&n8 expenses Sundry exper6es GOVernCe costs 6.113 2.258 8.371 15,753 15.753 31,867 IlQ912 24.663 135.575 293,580 Page 16
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 9 An•tysls of1o4yrn•e •nd SLWrtC05ts Totsl 202J Tot41 zozz G¢n¢r•l Staff tosts Wa8e5 and salarle5 So¢lal 5etufily costs Independent eXarnIn leo5 EKamSnaiion of thtrflnanelal statemènts 3,869 281 Accountanry fee5 Lht and he Insurance 150 272 147 147 70 Repar5 and maiNenarKe Telephone Comwter costs Rat and water 522 522 I,226 50 87 87 203 203 90 2S6 256 114 cala Accountancy fefjs Le881 and professional fees 461 461 251 4.8ZS 4,672 4,394 17.6CN) 4.672 15.753 15.753 31,867 10 TrUrt• f•fflLM•tlon •nd •wws No rrustee5, nor an¥ per50Q4 ¢onneaed with ihem, iecetyed any remunefn Irom ihecharmy durln8ihe year. No trustee5 h9 re¢elved any re1mbU• expew ry anyothv beIlt5 Irom Ihe (harlty durln8 the year. 11 St•ft sts ThÈ a88re8ate payroll costs weie a5 lolkxYs= 2023 zozz Staff ¢0515 duwln¥the ye•rw*rt- Wages and salaries Social seturity Costs Penslon costs 28,191 159.680 5,615 2,330 302 28.493 167,625 Page 17
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 The monthly avèra numbw ol pwsor6 Ilndudlng senknr mYment I adershIp ieaml ¢may&l ¢h¥rty durlng the year express¢d as full time equwaknis was as folk)ws'. 2023 No 2022 Mo Admlntstraion ad$0¥5 No employee rOceed @mduments of mrethan f60.1)X)duriry iheyear. 12 Indepen&nt examknerfs rem100n 2023 2022 E¥amlnatlon of the flnanckl statemeffjs 13 T•x•tlon The charlty a re8L41ered charmy ¥bd b ihwefore exempi from iaxfjon. 14 T•nilbl• IL¥•d •s•ti L•nd •nd bulldlrys Fumltwe and •qulpmert Tot Cost Qr ¥•lu•tlon Al l April 2022 4.032.292 271,5( 4,303,8CO At 31 March 2023 d.032.292 Z71.X 4,303,8(X) Deprt¢l•tlon A¢ l Aprll 2022 Chai8e forthe year 458,831 20, 266,775 1,935 725,6C6 2235 At 31 March 2023 479,731 Z68,710 748,441 bLX)k wl Al 31 March 2023 3,552,561 2,798 3,555,359 Af 31 March 2022 3,573.461 4,733 3,578,194 Included within the net book value of land and IlId1$ above is É3.552,5(QI2022- É3.573.4f4)l in respect of Ipa5efv)Ids. Page 18
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 15 Debtors 2023 2022 Trade debtors 581 VAT recoverablt 5.222 12.383 10,127 12.383 Cxher debtots 17,605 23,091 16 C•Jh c•sh 2023 2022 Cash on hand Cash at bank R29 959 442.302 352,092 43.131 353,051 17 Crndltors.. •mounts fall du• wlthln on• y•Ar 2022 Trade credhors 3,129 5,069 175 (her taxation and 5r15¢(rrft¥ Cther credlto 53,703 4.582 35,911 4,881 Accru 61,504 46,036 18 Ptrwlon •NI athtrathèmes D•fln•d cortrthuthn pMNlon 5chwn• The Char operates a deflned contrlbutkn) stheme. The pensk)t) cost ch*ge for the year represents contributlons payable by the charity to Ihe s<heme and athed 10 £2,38712021: E2,9561. ContrIb}r& totalllnB £4312022- E76lwere payab iothexheme at Ihe end olthe yeaf and are InCIed In crediiof5. Page 19
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 19 Funds ilnrnstrkt•d Balance •t I IrKomi Resowces •xpoThl•d Bnljnce at 31 March 2023 Unvestrkt•d fuTrd• G•ft•n71 General fund 3B.177 2,987,287 179.167 1110.950 106,394 2.987,287 Property Revaluatlon Fund 3,025,464 110,9SO 3,(F33,681 BuiWin8 Maintenance and RenovatiQnS 20,(KX) io,(o) 20,(KX) io,co) Ico.(o) Redundancy Fund Lkigatlon Fund Conlinn<¥ Fund BuiWin8 Maintenance Sinkln$ Fund io,c io,c i(o.c 160.(YX 160,LXXI Totsl unre5tr1cted Iwxls 3.185.464 179.167 1110,950 3.253,681 R•llrlrted funds BuiWln8 Fund Icapltall Egulpment fund (Caall Domestic VI0e Projert Sonlor Citlien- Event5 58fy172 3,010 92.302 120,XQ 11.505 565,272 92.482 299 2.55? 12,258 BuiWin8 Mairfenante Project Klck51art Community 8arnt 41.352 41.352 941 19411 Totsl re5trlcted fund5 721836 3.678 125.6041 7LK).910 T4)t•l fvnds 3,9A,3CO I8245 1136,5541 3.954,591 Page 20
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 ance •t i IrKomk¥ •hnce at 31 March 2022 Awll 2021 eyrxled Trarer5 ilnrtstrtrttd fuThJs Genernl General fvnd 39.819 1.439.787 161.168 1.547.498 1187Wy>) 25.) 38,178 2.987.285 Property Revaluatlon Fund 1,479,f 1.rn,666 1187ml 25.IXX) 3,025,464 BuiWin8 Maintenance and Renovations 20,C(Q io.( 20,C iO.LYL) 20,(KIJ io,(Nx) 20.LKXI io,(xx) Redundanry Fund Lttigatlon Fund Contingency Fund BulWlng Malntenance Slnklng Fund Manager P05t Fund ioJ.c 25,C 100,(Ko 125,CWI 185.C 25.CO) 160.(O) T•t•l urw•itrl¢t•d 1,664,f 1.rn,666 1187AY>I 3.185,463 Remrkn Buiklin8 Fund (CaPall Equipment fund Icawtall Women Indla AOCIation of the UK 7,074 4.514 120,9CII 11.5051 586,174 15.IXQ) 124.5481 13781 Domestic VIonCe Project Senlor Citlzen- Events 116,850 378 92.302 BuiWin8 Maintenance Project Cfty Bridge Trust The London Community FoundatloTh Co¥id Wave4 Immlgrarion London Communrty Responsé Wave 3 via City Brid8e Trust Tudor Trusi- st•ff and VduniÈer support Tudor Trust 41,352 15.450 41,352 15.450 130.g))J 5,232 15,2321 365 I365) 12.IXII 120.5(M>) iio.¢) 16.2C61 20,5(K) lo,) 6.2C God My Sllent Partner Klckstart Community Barnet Totsl restrlcted funds 801,715 52,156 1131.0341 n2,837 T4)tsl fvnds 2,466,321 I.1,822 1318A431 3,9)8,M) Page 21
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 The Spèc[( purposes forvihlch the lunds arèto be aprAlod arÈ xfollows: G@n@ral a. General fund iePie5ents the Iree funds of ihe tharrty, whKh are noi deSnated for puip05es and therefore, the trustees can use the funds In accordante wrth the charrtable obieLtNes. b. Pioperty RevalUatn Fund- th a norFdistribthable fund ielaiingsddy to the revaluation 8ain arkire onthe pioperty at fair value, which ha5 been reC08ned in the De5¥nated lund5 aTeset aside from the 8eneral fund and used lor a particular purpose a5 lollo4vs.' . Building Maintenance and Renthiations Fund.. pUr[e ofoenal upkeep. b. Redundanry Fund.. cover5 Costs relatingto redundanry. c. Litydaiion Fund.. covers Cost ol lulure porenlial lrti8alK)n. d. Contingency Fund.. covers the <ost ol re(rurtir$8 a new temwrary w0eWhIl51 an exi5tin8 worker i5 on maternlty leave. Buildin8 Maintenance Fund.. c(vIe the <05ts ielalin8 to lon8term renovations to the bulldirw. f. Manager P05t Fund.. partly 5UPPQrts tover ol Centre ma¢er post, whi&t irorne from venuè hlre L% extremdy limitèd and Sangam 8oln8 throu stluclural than8e Restrlrted Funds a. The Bulldin8 Fund Icapftal Assetl: le1¥niS ihe w 0k value ol Ihe bulWSna by Ihe chai4lV. The BulldSng was funded by donatlons gwen for th15 purpose tO8ethw wrth oiher raprtal expendffure Funded from the day to day woiklne caphal. The out8Oln8amount represents the buildin8 deprecIatn Ihar8e. b. The Eqvipmeni Fund (Capital Asseil.. represems the book value of the equirffient ne by the £harrty. The out801 amount represents the equlpment depre<latK)n charie. Domestic ViolÈnce Projoct.. lunds toun5ellin8 lor indNiduah and ¢ou5. d. Senlor cft1ze E¥enrs'. takes seniors on tyJtiws or other actfvtts. Bulldire Up8rade Project.. piovide better farilit lor acces5 to th•1•5s a• to all ar•as of th• bulWln& partlcularly1fft5 to all fbors. f. Klckstari Communtty Bainw.. grt wwlded by depanmeni lorwork & nl$ io wTr4kle employment io youn8 peOe to supwrt there work5kills and to helpIrn lind the future empbymerlt. Page 22
Docusign EnvÈlope ID". 04210122-918C453F-9E9E-584264BF3565 Sangam As%)clatlon of Aslan Women Notes to the Flnanclal Statements for the Year Ended 31 Marth 2023 ZO An•tysls of net 45Stts between luThls Totsl lund5 at 31 M4rch 202J lunds Genernl R*5trfcted fuTrds Tangible fixed a55ets Current 355ets 2.988.579 326.603 161,5031 566.779 134,133 3.555,358 460.736 161,S03 Total npi assets 3.253.679 7CiI.912 3.954,591 Vnrestrfcted funds Genernl Totsl fund5 •t 31 Mjrch 2022 Restrfct fuTrds Tan81e fkned a55ets Current assets 2,989X 242A89 146,036 589,184 133.6S4 3.578,193 376,143 146,036 Total net a$5ets 3.185.462 722,838 3,9)8,JYJ 21 Rel•ted wrty irnrn•¢tbns ThÈrÈ wÈrÈ no related party transartlorts lth the year. Page 23