**REGISTERED CHARITY NUMBER: 1124577** ## **GO HELP ASIA TRUST** ## **TRUSTEES' REPORT AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 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 2023** **----- Start of picture text -----**
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 12
**----- End of picture text -----**
**GO HELP ASIA TRUST** **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 £360,589 (2022: £258,965). Total expenditure of £115,436 (2022: £95,881) 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 Page 1 GO HELPA51A TRU5r TRUSTEES. REPORT FOR THE YEAR E14DED 31 MARCH 2023 Prfn¢lpal addvess Sourhall Communlty Centre 20 Merrlc* Road Soirthall Mlddlesex UB2 4AU Trustoe5 Mr G S Malhl Mr B S Malhl Mr51 K M4lhl Mrs P K Malhl Independent Examlner Patel BA BFP FCA AlburyA￿oCPa￿ Llnlted 2nd Floor. One Hobb5 HLIU5e. Horro%A4n 8y51ne5s Vllloge Bessborough Road Harrow Iddlesex HAI 3EX Approved by order Df the b(%rd oltrustees on 06 Decernber 2023 and $l¥ned on hs behI￿bY.. Mr B 5 Malhl-Tru5tee Pège 2 INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES OF GO HELP ASIA TRusr Independent examlner's report to the trustees of Go Help Asla Trust I report to the choritytrustees on my examlnation of the accounts of Go Help A%ia Trust ItheTrustl lor the yearended 31 Mèrch 2023. Responslbllltles and basls of report A5 the charity trustees of the Trust you are responslble for the preparation of the atcounts accordance wlth the requlrements of the Charities Act 20111.the Act'l. I report In respect of my examlnatlon of the Trust's accounts carrled out under Section 145 of the Act ènd Sn carryln8 Out my examination I have followed èll appllcable Olrettion$ given by the Charity Commlsslon under SectSon 14515llbl of the Act. Indeyndent emrniner's statement Since your charity's 8re5s Income exceeded £250,0th) your examlner rnu5t be a rnember of a listed body. I can conflrm that l am qvallfled to undertèke the examination because l am a member ol the Institute of Chartered Accountants in En8land and Wales. which Is one of tht listed bodles. I have cornpleted My examination. I confirm thèt no materlal matters have come to my attention In connertion Trmth the examlnatlon 8lvin8rne cause to belleve that in any materi41 respect.. ccountlns records were not kept in respect of the Trust a5 requlred by Sectlon 130 01 the Act., or the èccounts do not accord wlth those records,. or the account5 do not comply with the applicable requiremenis concernlnB the forrn ond content of accounts Set out In the Chirlties (Accounts and Reports) Regulations 2008 other than any requlrement that the occounts 8lve a true and falr vlew whlch Is thot a rnatter consldered as pèrt of an Independent examlnatS0n. I have no con¢ern$ •nd have come across no other matters in connectlon wlth the examlnatlon to whlch •ttentlon shoyld be drawn In th15 report In orderto enable • proper understandlnaof thq a¢¢ount$ to be r•ached, PFCA Albury Assoclates Llmited 2nd Floor, One Hobbs House, H3rrovlan Bu51ness Vlllège 8e$5borou8h Ro•d Harrow Mlddle5ex HAI 3EX Date.. 06 December 2023 Page 3 **GO HELP ASIA TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Donations
Other
Transfer between reserves
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**360,589**
**2,904**
**-**
**363,493**
**5,810**
**109,624**
**284,942**
**400,376**
**(36,883)**
**657,026**
**620,143**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**(284,942)**
**(284,942)**
**284,942**
**2,696,220**
**2,981,162**|**2023**
**Total**
**funds**
**£**
**360,589**
**2,904**
**-**
**363,493**
**5,810**
**109,624**
**-**
**115,434**
**248,059**
**3,353,246**
**3,601,305**|2022
Total
funds
£
258,965
1,156
18,000| |---|---|---|---|---| |||||278,121| |||||16,625
79,256
-| |||||95,881| |||||182,240
3,171,006| |||||3,353,246| The notes form part of these financial statements Page 4 (40 HEUI ASIA TRUST OAiAN(É SHEET 31 MARCH Z023 Z023 Tolal tunds Z1tt2 Total funds Unre$trith¢d fund Restrlcted fund Notes FIXED ASSET5 Tanglble assets Investments 2J78,162 978.162 3JJoo 1693,394 2,981.162 2,981.162 2,696.394 OJRRENT ASSET5 Debtors C￿h * bank &J$j￿69 81&540 L152,840 821,574 816,540 170,SOg 2,170,509 1,974A14 CREDITORS Amountsfalllng duewlthln one year [708.6871 17Q8,6871 1423,7441 NETCURREpifA55 IA61￿12 L451WII L550.670 TOTALA55Efs LÉ55 CURRENTLIABILMES IA6U22 1981.162 W2,984 4,247,064 CREDMRS AMOUnts￿Illn8 due after more than one yeir io 1841.6791 184L6791 IB93,8181 IET ASSETS 620.143 I9Bi.162 3,601,305 3.353.246 FUNDS UnTestritted funds.. Genèral fvnd Restdcted funds 13 620.￿3 2,981J62 6S7.026 2,696.220 TOTAL FUNDS 3.601305 3,353,246 The flnaTKlal statemerjts were approved bythe Board ofTrustees and authorfsedfof Issue on 06 tkternber2￿23 and were $lgned on Ms beh*lf by. Mr B S Malhl-Trustee The notes form part of theseflnanckl statement5 Pa8e 5 **GO HELP ASIA TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **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 2023** ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||||| |---|---|---|---|---| ||||**2023**|2022| ||Unrestricted|Restricted|**Total**|Total| ||funds|funds|**funds**|funds| ||£|£|**£**|£| |Deposit account interest|**2,904**|**-**|**2,904**|1,156| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **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**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Donations
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward|Unrestricted
fund
£
258,965
1,156
18,000
278,121
16,625
414,104
430,729
(152,608)
809,634||**2023**
**4**
Restricted
fund
£
-
-
-
-
-
(334,848)
(334,848)
334,848
2,361,372||2022
4
Total
funds
£
258,965
1,156
18,000| |---|---|---|---|---|---| ||||||278,121| ||||||16,625
79,256| ||||||95,881| ||||||182,240
3,171,006| Page 7 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
fund
£
**TOTAL FUNDS CARRIED FORWARD**
657,026
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Plant &
property
machinery
£
£
**COST**
At 1 April 2022
**2,693,220**
**30,726**
Additions
**284,942**
**-**
At 31 March 2023
**2,978,162**
**30,726**
**DEPRECIATION**
At 1 April 2022
**-**
**30,726**
Charge for year
**-**
**-**
At 31 March 2023
**-**
**30,726**
**NET BOOK VALUE**
At 31 March 2023
**2,978,162**
**-**
At 31 March 2022
2,693,220
-
**7.**
**FIXED ASSET INVESTMENTS**
**COST**
At 1 April 2022 and 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022||Restricted
fund
£
2,696,220
Fixtures
and
fittings
£
**103,373**
**-**
**103,373**
**103,199**
**174**
**103,373**
**-**
174|| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| There were no investment assets outside the UK. (See Note 17) Page 8 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** |**8.**
**DEBTORS**
Amounts falling due within one year:
Other debtors
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 11)
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|**2023**
**£**
**854,969**
**499,000**
**1,353,969**
**2023**
**£**
**81,986**
**626,701**
**708,687**
**2023**
**£**
**841,679**
**2023**
**£**
**81,986**
**163,971**
**245,957**
**431,751**|2022
£
653,840|2022
£
653,840| |---|---|---|---| |||499,000|| |||1,152,840|| ||||2022
£
81,986
341,758| ||||423,744| ||||2022
£
893,818| ||||2022
£
81,986| ||||163,971| ||||245,957| ||||483,890| Page 9 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **12. SECURED DEBTS** The following secured debts are included within creditors: ||**2023**|2022| |---|---|---| ||**£**|£| |Bank loans|**923,665**|975,804| 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**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|At 1/4/22
£
**657,026**
**2,696,220**
**3,353,246**
Incoming
resources
£
**363,493**
**-**
**363,493**|Net
movement
in funds
£
**(36,883)**
**284,942**
**248,059**
Resources
expended
£
**(400,376)**
**284,942**
**(115,434)**|At
31/3/23
£
**620,143**
**2,981,162**
**3,601,305**
Movement
in funds
£
**(36,883)**
**284,942**
**248,059**| |---|---|---|---| ||||| Page 10 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **13. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**
A current year 12 months and prior year 12 months combined position is as
**Unrestricted funds**
General fund
**Restricted funds**
Fixed Assets
**TOTAL FUNDS**|At 1/4/21
£
809,634
2,361,372
3,171,006

Incoming
resources
£
278,121
-
278,121
follows:
At 1/4/21
£
809,634
2,361,372
3,171,006|Net
movement
in funds
£
(152,608)
334,848
182,240
Resources
expended
£
(430,729)
334,848
(95,881)
Net
movement
in funds
£
(189,491)
619,790
430,299|At
31/3/22
£
657,026
2,696,220
3,353,246
Movement
in funds
£
(152,608)
334,848
182,240
At
31/3/23
£
620,143
2,981,162
3,601,305| |---|---|---|---| Page 11 **GO HELP ASIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **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
Movement
resources
expended
in funds
£
£
£
641,614
(831,105)
(189,491)
-
619,790
619,790
641,614
(211,315)
430,299| |---|---| ## **14. RELATED PARTY DISCLOSURES** Included within other debtors is an amount of £861,856 (2022: £653,840) 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 £486,456 (2022: £499,000) owed from Milestone Properties London Limited. Milestone Properties London Limited is a subsidiary of Go Help Asia Trust. Included within other creditors is an amount of £607,790 (2022: £322,848) 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, Gerrards|Property|100%| |“GHAL”||Cross, England,SL9 7HY|Management|| |Milestone Properties London Limited|11828074|47 High Beeches, Gerrards|Development|100%| |“MPLL”||Cross, England,SL9 7HY|of Building|| ||||Projects|| |Diamond Property London Limited|13303162|47 High Beeches, Gerrards|Development|100%| |“DPLL”||Cross,England, SL9 7HY|of Building|| ||||Projects|| The aggregate amount of assets, liabilities and funds as at 31 March 2023 and a summary of turnover, expenditure and net results during the year, for each subsidiary are as stated below: ||||**Net**|||**Profit/**| |---|---|---|---|---|---|---| |**Subsidiary**|**Assets**|**Liabilities**|**Funds**|**Turnover**|**Expenditure**|**(Loss)**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**GHAL**|**899,084**|**892,596**|**6,488**|**467,266**|**461,077**|**6,189**| |**MPLL**|**545,816**|**548,750**|**(2,934)**|**-**|**350**|**(350)**| |**DPLL**|**613,797**|**615,440**|**(1,643)**|**-**|**1,281**|**(1,281)**| Page 12