**REGISTERED CHARITY NUMBER: 1124577** ## **GO HELP ASIA TRUST** **TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** Albury Associates Limited 2nd Floor, One Hobbs House, Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX **GO HELP ASIA TRUST** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ||**Page**| |---|---| |**Trustees' Report**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 11| |**Detailed Statement of Financial Activities**|12| **GO HELP ASIA TRUST** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Trust's objects are firstly, to promote for the benefits of the inhabitants of Southall and the surrounding areas without distinction of sex, sexual orientation, race or political, religious or other options, by organising together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and other leisure time activities with the objects of improving the conditions of life of the said inhabitants; and secondly, to establish or secure the establishment of a community centre (Hereinafter called 'The Centre') and to maintain and manage the same (whether alone or in cooperation with any local authority or person or body) in furtherance of those objectives. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charitable organisation has continued to make available, subject to restrictions imposed by the impact of the coronavirus, during the year, a substantial amount of space with limited facilities for third-party charities to organise their own fundraising events at no cost. During the previous years, the use of this facility has grown and the charitable organisation currently has in excess of 40 charities that have benefited from the use of the facilities offered by Go Help Asia Trust. Unfortunately, as result of restrictions imposed by the impact of the coronavirus, a number of social activities and facilities that were made available for senior citizens and the wider community to get together had to be shelved. Since the year end date, a substantial amount of these facilities, whilst keeping in line with Government guidelines, have been reopened and the general, cultural, musical and recreational activities previously provided are being re-established. The Charitable Organisation has continued to maintain these facilities, despite number of external issues such as the lack of parking spaces and the growth in property development in area. The number of people attending is relatively stable and the Charitable Organisation is set to continue to provide this facility in the foreseeable future. ## **FINANCIAL REVIEW** ## **Financial Review** During the year, the Trust continued to enhance the property in order to ensure that further facilities become available for a Community Centre to be provided for the local community and to this extent received donations of £258,965 (2021: £NIL). Total expenditure of £95,881 (2021: £56,134) was incurred on administrative and property development and maintenance costs and in relation to the provision of the facilities to the local community. It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of significant drop in funding, they will be able to continue trust current activities while consideration is given to ways in which additional funds may be used. This level of reserve has been maintained throughout the year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1124577 ## **Principal address** Southall Community Centre 20 Merrick Road Southall Middlesex UB2 4AU Page 1 QO HELP ASIA TRUST TRUSTEES. REPORT FOR THE YEAR E14DED 31 MARCH 2022 G S Malhi tr8SPMhi 81KMdhi P K m￿h1 Ind•p•Thl•nl £xamlMr Klran Ptytd BA BFP FCA Institute of Chart8r8d Accr￿181￿ In E￿land & Walos Albury Asstiiates ￿[1th1 2nd FI￿, One Hotts Hcw M￿dIa8•x iA13EX 44¥yov*l bycrfder oflh? Iwd oftruBieeB ￿ 23 Novenkn wd m Its bo￿￿￿.. MrB S Malhi- Tnwleo Pao• 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GO HELP ASIA TRUST Independent examine¢s report to the trustees of Go Help Asia Trust I report to the charity trustees on my ey2minalion of the accounts of Go Hdp Asia Trust (the Trust) for the year ended 31 March 2022. Rèsponslbllltlès and basls of report As the charity trustees of the Trust you are responsibb Ihè pr8paration of thè acc￿nIS in accordance with the requirements ol the Charities Act 20111.lhe Acl'l. I report in respect ol my examinabon of Ihe Trusts ac(*unts carried out uThJer section 145 01 the Act and in carrying out my examination I have folh)wed all appl￿ble Directions given by the Charity C￿MiSsion under section 145{5llbl of the Act. Indèpendent 8xamlnerf$ ststement Since your charitls gross income exceeded £250,(KX) your wminer musl be a member of a listed body. l ¢an ¢onflm that l am qualified lo undertake the examination because l èm 8 registered member of InS￿lUte of Charterpd Accouniants in England & Wajes which is one ol the listed bodies. I h&v8 ¢omplètgd my examination. I cmfim thal no matwial matters have come lo my aiiention in connection ¥wth the 9yamlnatl¢r givlng rne cause lo L*llgve that in any malwial resp8Ct: a¢¢ountin9 rgcords wgrg not kgpt In respect ol th& Trust as rnquired by sech'on 130 of Ihe Act: or Ihg a¢counls do not ac￿rd with those record5'. or the 8ccwnls do not cornply with the applicable raquir•m*nts ￿ne￿Ing lh• fomi and ¢ontent ol accounts 801 tsut in thè Charitie5 IAcLounts and Report51 Regutslions 2008 other than any reouir•mènt th81 th8 a¢￿Un￿ give a true and lair view which is not a mailer considered as part of an ind*￿nI1•nI examination. I havg no concerns and hav8 come across no olher matters in ¢onnection w¢h examinatson to which attention should be drawn in this r8POrt in order to enable a proper urbderstsnding of the attounts lo be wchod. iran Inslilule ol Chartered Accounlanls In Erolond & Wales Albury Associates Limited 2nd Floor, Onè Hobbs House. Harrovian 8usiness Village Bessborough Road Harrow Middlesex HA13EX Date.. 23 November 2022 Page 3 **GO HELP ASIA TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Donations
Governance costs
Other
Transfer between reserves
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**258,965**
**1,156**
**18,000**
**278,121**
**16,625**
**-**
**79,256**
**333,848**
**429,729**
**(151,608)**
**809,634**
**658,026**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(333,848)**
**(333,848)**
**333,848**
**2,361,372**
**2,695,220**|**2022**
**Total**
**funds**
**£**
**258,965**
**1,156**
**18,000**
**278,121**
**16,625**
**-**
**79,256**
**-**
**95,881**
**182,240**
**3,171,006**
**3,353,246**|2021
Total
funds
£
-
485
41,124
41,609
5,849
5,590
44,695
-
56,134
(14,525)
3,185,531
3,171,006| |---|---|---|---|---| The notes form part of these financial statements Page 4 GO HELP ASIA TRUST &•LANCE SHEEr 31 MARCH 2022 2022 Tothi fund¥ Totsl nds fvr¥J Tary4Ae as&8ts lrwests)￿tS IM3320 2,893.3•4 2.380205 1.174 109522• 2.W94 2.362, CURREMT A88ET8 Debiors Cash ai bw 1.151840 1.1$2 947.883 ' 1,974414 1.974A14 1,828.614 CREDITORS Amoun15 faliw dug tAllhkn LTh year 1423,7441 1423.7441 150.1141 NET CURRENT ASSETS 1,551 2.&95220 4247m4 4,140.705 CREDJTORS f8llrwJ duo after rfW¢ Ihon one ￿r 10 (893,8181 1969.8991 NrfASSETS 658,021 2 69U20 ￿3532￿6 FUNDS 13 G8nernl fund 658,021 809.634 2 361 372 TOTAL FUIIDS fina￿* 51atsm•7ts 4)m•d by th? 8¢*rd of Tntst•es and wJUbJ158d on 23 NDvwrèer 2022 arb 8 sbJrnd on rts awby.. trBSWM'.Tn **GO HELP ASIA TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to accountancy fees and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on the directly identifiable costs incurred and on the basis of time spent in dealing with the organisation charitable activities both internally and for external charities. The allocation of support and governance costs is analysed in note 7. ## **Tangible fixed assets** No depreciation is provided in respect of the freehold property; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their useful economic lives and is necessary to give a true and fair view. Depreciation is only one of the many factors reflected in the annual review and the amount which might otherwise have been shown cannot be separately identified or quantified. Tangible fixed assets other than investment properties are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows Plant & machinery - Straight line over 10 years Fixtures and fittings - 33% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 **GO HELP ASIA TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **2. INVESTMENT INCOME** |Deposit account interest|Unrestricted
funds
£
**1,156**|Restricted
funds
£
**-**|**2022**
**Total**
**funds**
**£**
**1,156**|2021
Total
funds
£
485| |---|---|---|---|---| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **5.** |Management
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Investment income
485
Other income
25,353
**Total**
25,838
**EXPENDITURE ON**
**Charitable activities**
Donations
5,849
Governance costs
5,590
Other
44,695
**Total**
56,134
**NET INCOME/(EXPENDITURE)**
(30,296)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
839,930
**TOTAL FUNDS CARRIED FORWARD**
809,634|| |---|---| ||| ||| ||| Page 7 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **6. TANGIBLE FIXED ASSETS** |Freehold
property
£
**COST**
At 1 April 2021
**2,359,372**
Additions
**333,848**
At 31 March 2022
**2,693,220**
**DEPRECIATION**
At 1 April 2021
**-**
Charge for year
**-**
At 31 March 2022
**-**
**NET BOOK VALUE**
At 31 March 2022
**2,693,220**
At 31 March 2021
2,359,372
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2021
Additions
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK. (See Note 17)
**DEBTORS**
Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts|Plant &
machinery
£
**30,726**
**-**
**30,726**
**30,726**
**-**
**30,726**
**-**
-|Fixtures
and
fittings
£
**103,373**
**-**
**103,373**
**102,540**
**659**
**103,199**
**174**
833
**2022**
**£**
**653,840**
**499,000**
**1,152,840**|Totals
£
**2,493,471**
**333,848**
**2,827,319**
**133,266**
**659**
**133,925**
**2,693,394**
2,360,205
Shares in
group
undertakings
£
**2,000**
**1,000**
**3,000**
**3,000**
2,000
2021
£
448,883
499,000
947,883| |---|---|---|---| ## **7. FIXED ASSET INVESTMENTS** ## **8. DEBTORS** Page 8 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts (see note 11)
Taxation and social security
Other creditors
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 11)
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years
**12.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans||**2022**
**£**
**81,986**
**-**
**341,758**
**423,744**
**2022**
**£**
**893,818**
**2022**
**£**
**81,986**
**163,971**
**245,957**
**483,890**
**2022**
**£**
**975,804**|2021
£
30,301
1,686
18,127
50,114
2021
£
969,699
2021
£
30,301
163,971
245,957
559,771
2021
£
1,000,000| |---|---|---|---| The Bank Loans are secured by a fixed and floating charge over the freehold property of the Charitable Entity. ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|At 1/4/21
£
**809,634**
**2,361,372**
**3,171,006**|Net
movement
in funds
£
**(151,608)**
**333,848**
**182,240**|At
31/3/22
£
**658,026**
**2,695,220**
**3,353,246**| |---|---|---|---| Page 9 **GO HELP ASIA TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **13. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**
**Comparatives for movement in funds**|Incoming
resources
£
**278,121**
**-**
**278,121**|Resources
Movement
expended
in funds
£
£
**(429,729)**
**(151,608)**
**333,848**
**333,848**
**(95,881)**
**182,240**| |---|---|---| |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|At 1/4/20
£
839,930
2,345,601
3,185,531|Net
movement
in funds
£
(30,296)
15,771
(14,525)|At
31/3/21
£
809,634
2,361,372
3,171,006| |---|---|---|---| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|25,838|(56,134)|(30,296)| |**Restricted funds**|||| |Fixed Assets|15,771|-|15,771| |**TOTAL FUNDS**|41,609|(56,134)|(14,525)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|At 1/4/20
£
839,930
2,345,601
3,185,531|Net
movement
in funds
£
(181,904)
349,619
167,715|At
31/3/22
£
658,026
2,695,220
3,353,246| |---|---|---|---| Page 10 **GO HELP ASIA TRUST** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **13. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|Incoming
resources
£
303,959
15,771
319,730|Resources
Movement
expended
in funds
£
£
(485,863)
(181,904)
333,848
349,619
(152,015)
167,715| |---|---|---| ## **14. RELATED PARTY DISCLOSURES** Included within other debtors is an amount of £653,840 (2021: £440,194) owed from Go Help Asia Limited. Go Help Asia Limited is a subsidiary of Go Help Asia Trust. Included within other debtors is an amount of £499,000 (2021: £499,000) owed from Milestone Properties London Limited. Milestone Properties London Limited is a subsidiary of Go Help Asia Trust. These amounts are unsecured, interest free and repayable on demand. Included within other creditors is an amount of £322,848 (2021: £NIL) owed to Diamond Property London Limited, Diamond Property London Limited is a subsidiary of Go Help Asia Trust. This amount is unsecured, interest free and payable on demand. ## **15. SUBSIDIARY UNDERTAKINGS** The charitable entity has three wholly owned subsidiary undertakings registered in England and Wales: |**Name**|**Number**|**Registered Address**
|**Activity**
|**Holding**| |---|---|---|---|---| |Go Help Asia Limited|11143787|47 High Beeches,
|Property
|100%| |||Gerrards Cross,|Management|| |||England,SL9 7HY||| |Milestone Properties London Limited|11828074|47 High Beeches,
|Development
|100%| |||Gerrards Cross,|of Building|| |||England,SL9 7HY|Projects|| |Diamond Property London Limited|13303162|47 High Beeches,
|Development
|100%| |||Gerrards Cross,England,|of Building|| |||SL9 7HY|Projects|| Page 11