REGISTERED CHARITY NUMBER: 1124577
GO HELP ASIA TRUST
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
KHI Albury 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 2025
| 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 |
GO HELP ASIA TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charitable organisation has made available, during the year, a substantial amount of space with limited facilities for third-party charities to organise their own fundraising events at no cost. This has continued to grow over the years and currently, many charities benefit from the facilities offered by Go Help Asia Trust.
In addition to the above, the usual social activities and facilities are being made available for senior citizens to get together and have various musical and recreational events. The Charitable Organisation has continued to maintain this facility, despite a number of external pressures such as the lack of car park spaces and the growth in property development in the year, that seems to continue. The number of people attending is relatively stable and the Charitable Organisation is set to continue to provide this facility for 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 £366,507 (2023: £360,589). Total expenditure of £148,014 (2023: £115,434) 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
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GO HELP A81A TRUST TRU8TEE8' REPORT FOR THE YEAR ENDED 31 MARCH 2025 TN¥tso$ Mr G S Malhl Mr B S Malhl Mrs l K Malhi Mrs P K Malhl Ind•pend•nt Examlnar Kiran Patél BA BFP FCA KHI Albury Limited 2nd Floor, One Hobbs House, Harrovian Busin85s Mllag6 Bes8tKJrough Road Harrow Mlddle$ex HA13EX )prov8d by ord6r of the board of trust885 on 24 January 2028 and slgned on Its bahalf by.. Mr B S Malpd - Trustee Page 2
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF GO HELP ASIA TRUST Indèpèndant examlnatrs report to th• tru8ts•8 of Go Help A8la Tru8t I report to th8 chanty trustees on my examination ol the acUnts of Go Help Asia Trust (the Trust) for year errtled 31 March 2025. 8pon81bllltl08 and ba818 of r•port A8 the charity trustees of the Twst you are responsible for the preparatlon of the occ(Junis In accordance 1th the requirements of the Charilles Ad 2011 ('the ACV). I report In respect of my examination of the Trusts accounts carrled out under Section 145 of the Act and In carrying out my examination I have follompd all applfcable Directions givon by the Charity Commission under S8ction 145(5)Ib) of the Art. Indgpondant examlnefs 8tatsment Slnce your tharity's gross income exceeded £250,000 your èxamlner mu8t ba a member of a listed body. I can confimi that I am qualified to undertake the examlnation becaus8 l am a member of the Instiiute of Chartered Aruntants in England and Wales, which bs one of the listsd bodies. I have completed my examlnatlon. I confim that no material matter8 have come to my attentlon In connectlon 1th tho examinatlon gfvlng me cgU88 to bellave that h any matsrlal spe¢L accounting records were not kept in respect ofthe Trust a8 requlred by Section 130 of the Act: or tho a¢Unts do not aLu)rd with thosé records., or the acrounts do not comply thè applicable requirements concornlng the fomi and rnntent of accounts set out the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a tn ond fair view which is not a matter consEdered as part of an Independent examination. I have no concems and have come arAOSS no other matters In nneCtIOn with the examination to whkh attanlon should bo drawn In thls report In order to enable a proper underntanding of the accounts to be reached, Klran atel BA éFP FCA KHI Albury Ltmited 2nd Floor, One Hobbs House, Harrovlan 8uslnes8 Vlllago Bessborough Road Harrow Mlddlex HA13EX 24 January 2028 Pag8 3
GO HELP ASIA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Donations Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted Restricted Total fund fund funds £ £ £ 249,873 - 249,873 15,515 - 15,515 265,388 - 265,388 3,202 - 3,202 202,868 (44,874) 157,994 206,070 (44,874) 161,196 59,318 44,874 104,192 803,218 3,027,698 3,830,916 862,536 3,072,572 3,935,108 |
2024 Total funds £ 366,507 11,118 |
|---|---|---|
| 377,625 | ||
| 3,000 145,014 |
||
| 148,014 | ||
| 229,611 3,601,305 |
||
| 3,830,916 |
The notes form part of these financial statements
Page 4
GO HELP ASIA TRUST BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestrfcled fund R8Stdctad funcl Notes FIXED A88ETS Tanglble assets Inv881m•nts 3,069.572 3,000 3.089,572 3,000 3.024,698 3,OCN) 3,072,572 3.072,S72 3,027,698 CURRENT ASSErs DebtorJ Ca8h at bank 1,486,985 908,645 1,486,985 908,645 1,351,310 988,456 2,395,630 2,395,630 2,339,766 CREDITOR8 Amounts falllng due wlthln one year 1784,906} {784906) 1739,791 > NEf CURRENT ASSETS 1,610,724 1,610.724 1,599,975 TQTAL A88ET8 LESS CURRENT LIABILITIES 1,610,724 3,072,572 4,683296 4.627,873 CREDITOR8 Amounts falllng due after more than one year 10 (748,188) 1748,188) g6,757) NEf ASSETS 862,536 3,072,572 3,935,108 3,830,916 FUNDS Unrestricled funds- General fund Re51rictsd fiJnd$ 13 862,536 3,072,572 803.218 3.027.698 TOTAL FUND8 3,933.108 3,830.916 Th8 financl818tatem8nt8 W@ra approvèd by th8 Board of Trustees and authorlsed for issue on 24 January 2026 end we slgned on its behalf by- Mr B S Malhl - Trust88 The note$ fonn part of these financlal statements Paga 5
GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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.
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| Deposit account interest | 15,515 | - | 15,515 | 11,118 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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 Donations and legacies 366,507 Investment income 11,118 Total 377,625 EXPENDITURE ON Charitable activities Donations 3,000 Other 191,550 Total 194,550 NET INCOME 183,075 RECONCILIATION OF FUNDS Total funds brought forward 620,143 TOTAL FUNDS CARRIED FORWARD 803,218 |
|
|---|---|
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 7. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 3,024,698 44,874 3,069,572 - 3,069,572 3,024,698 |
Plant & machinery £ 30,726 - 30,726 30,726 - - |
Fixtures and fittings £ 103,373 - 103,373 103,373 - - |
Totals £ 3,158,797 44,874 3,203,671 134,099 3,069,572 3,024,698 Shares in group undertakings £ 3,000 3,000 3,000 |
|---|---|---|---|---|
There were no investment assets outside the UK. (See Note 17)
| 8. DEBTORS Amounts falling due within one year: Other debtors Amounts falling due after more than one year: Other debtors Aggregate amounts |
2025 £ 987,985 499,000 1,486,985 |
2024 £ 852,310 |
|---|---|---|
| 499,000 | ||
| 1,351,310 |
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 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 12. SECURED DEBTS The following secured debts are included within creditors: Bank loans |
2025 £ 81,986 702,920 784,906 2025 £ 748,188 2025 £ 81,986 163,971 245,957 338,260 2025 £ 830,174 |
2024 £ 81,986 657,805 |
|---|---|---|
| 739,791 | ||
| 2024 £ 796,757 |
||
| 2024 £ 81,986 |
||
| 163,971 | ||
| 245,957 | ||
| 386,829 2024 £ 878,743 |
The Bank Loans are secured by a fixed and floating charge over the freehold property of the Charitable Entity.
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
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 Comparatives for movement in funds Unrestricted funds General fund Restricted funds Fixed Assets TOTAL FUNDS |
At 1/4/24 £ 803,218 3,027,698 3,830,916 Incoming resources £ 265,388 - 265,388 At 1/4/23 £ 620,143 2,981,162 3,601,305 |
Net movement in funds £ 59,318 44,874 104,192 Resources expended £ (206,070) 44,874 (161,196) Net movement in funds £ 183,075 46,536 229,611 |
At 31/3/25 £ 862,536 3,072,572 |
|
|---|---|---|---|---|
| 3,935,108 | ||||
| Movement in funds £ 59,318 44,874 104,192 At 31/3/24 £ 803,218 3,027,698 |
||||
| 3,830,916 |
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 377,625 Restricted funds Fixed Assets - TOTAL FUNDS 377,625 A current year 12 months and prior year 12 months combined position is as follows: At 1/4/23 £ Unrestricted funds General fund 620,143 Restricted funds Fixed Assets 2,981,162 TOTAL FUNDS 3,601,305 |
Resources expended £ (194,550) 46,536 (148,014) Net movement in funds £ 242,393 91,410 333,803 |
Movement in funds £ 183,075 46,536 229,611 At 31/3/25 £ 862,536 3,072,572 |
|
|---|---|---|---|
| 3,935,108 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as |
|---|---|---|---|
| follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 643,013 | (400,620) | 242,393 |
| Restricted funds | |||
| Fixed Assets | - | 91,410 | 91,410 |
| TOTAL FUNDS | 643,013 | (309,210) | 333,803 |
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GO HELP ASIA TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. RELATED PARTY DISCLOSURES
Included within other debtors is an amount of £1,486,985 (2024: £1,351,311) due from the group undertakings.
These amounts are unsecured, interest free and repayable on demand.
Included within other creditors is an amount of £699,200 (2024: £654,326) due to the group undertakings.
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 | 42 Fulmer Drive, Gerrards | Property | 100% |
| Cross, England,SL9 7HL | Management | |||
| Milestone Properties London Limited | 11828074 | 42 Fulmer Drive, Gerrards | Development | 100% |
| Cross, England,SL9 7HL | of Building | |||
| Projects | ||||
| Diamond Property London Limited | 13303162 | 42 Fulmer Drive, Gerrards | Development | 100% |
| Cross, England,SL9 7HL | of Building | |||
| Projects |
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