2021-03-31-accounts - Tamarind Centre Limited

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TAMARIND CENTRE LIMITED

(A Company Limited by Guarantee with no share capital)

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[st] MARCH 2021

CONTENTS:	PAGE:
Company Information	1
Directors’ Financial Report	2
Directors’ Report	3
Examiners’ Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statement	7 – 12

TAMARIND CENTRE LIMITED

(A Company Limited by Guarantee with no share capital)

Legal and Administrative Information for the Year Ended 31 March 2021

REGISTERED COMPANY NUMBER: 06331218 DIRECTORS / TRUSTEES: Glenfield BrathwaiteChairperson Lorna Gayle (resigned 31.7.21) Cora Bartley - Treasurer COMPANY SECRETARY/MANAGER Marcia Jarrett REGISTERED OFFICE: 3[rd] Floor Harp Place 2 Sandy Lane Coventry CV1 4DX REGISTERED CHARITY NUMBER 1126346

BANKERS:

The Co-operative Bank plc 6 Warwick Row Coventry CV1 1EE And Lloyds TSB Bank plc High Street Coventry

INDEPENDENT EXAMINERS:

WBS Ellangowan Main Road Ansty Coventry CV7 9JA

TAMARIND CENTRE LIMITED (A Company Limited by Guarantee with no share capital) DIRECTORS’ FINANCIAL REPORT 2021

The directors submit their annual report along with the financial statements of the company for the year ended 31 March 2021. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ in preparing the annual report and financial statements. This report has also been prepared in accordance with special provisions of Part 15 of the Companies Act 2006 relating to small companies and also in line with the accounting policies set out on page 7, and comply with other applicable accounting standards.

The charity is a Limited Company by Guarantee, which is governed by a Memorandum and Articles of Association.

Tamarind Centre Limited became incorporated in England and Wales under company number 06331218 on 1[st] August 2007. The centre became a registered charity under the number of 1126346 on 20[th] October 2008.

Objective

a) To promote the preservation of mental health primarily amongst the African Caribbean and Asian communities on Coventry and Warwickshire.
b) To advance the education of the public in issues related to psychological and physical health.

Organisation

The directors who have served during the year and since the year end are set out on page 1. The directors have ultimate control over all the affairs of the organisation. Staff of Tamarind Centre Limited, waged or unwaged, report to the manager who in turn reports to the directors. The directors meet on a regular basis.

Achievements and Performance

During the year, the company has raised £107,642 (2020 - £87,935) with the major portions coming from service level agreements with Coventry City Council. The expenditure was £88907 (2020 - £96454), with the main expense being salaries.

Reserves Policy

The directors have reviewed the reserves of the charitable company. This review encompassed the nature if the income and expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves. The review concluded that to allow the charitable company to be managed efficiently and to provide for uninterrupted services, a general reserve equivalent to 6 months operating should be achieved.

On Behalf of the Board:

Print Name ……………………. DIRECTOR Print Name …………………….. DIRECTOR

Sign………………………… Sign…………………............. Date …………….................. Date …………………………

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TAMARIND CENTRE LIMITED

(A Company Limited by Guarantee with no share capital)

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31[st] MARCH 2021

Risk Management

The directors conduct its own review of major risks to which the centre is exposed. Theses procedures are periodically reviewed to ensure that they still meet the needs of the charitable company and are as follow:

an annual review of the risks which the charitable company face;
the establishment of system and procedures to mitigate those risks identified;
the implementation of procedure designed to minimise any potential impact on the charitable company should any of those risks materialise.

Directors’ responsibilities in relation to the financial statement

The law applicable to companies and charities in England and Wales requires the directors to prepare financial statements for the financial year that shows a true and fair view of the company’s financial activities during the year and to its financial position at the year end. In preparing financial statements the trustees should follow best practise and:

select suitable accounting policies and then apply consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The directors are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charitable company and which enable them to ensure that the financial statements comply with applicable accounting standards. They are also responsible for safe guarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

WBS has expressed their willingness to continue as examiners and a resolution for their re-appointment will be proposed at the forthcoming annual general meeting.

Approved by the directors trustees and signed on its behalf by:

On Behalf of the Board:

Print Name ………………….. DIRECTOR Print Name… ………………… DIRECTOR

Sign………………………… Sign………………….... Date ………………………… Date ……………………..

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TAMARIND CENTRE LIMITED

YEAR ENDED 31[st] MARCH 2021

I report on the accounts of the Trust for the year ended 31[st] March 2021, which are set out on pages 1 to 12.

Respective Responsibilities of Trustees and Examiner

The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements;

a) to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006 and section 41 of the Charities Act; and b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper

understanding of the accounts to be reached.

Mr Clive B. Johnson (Independent Examiner) Dated……………………… Fellow Association of International Accountants Fellow Chartered Institute of Bankers WBS, Ellangowen Main Road Ansty Coventry

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TAMARIND CENTRE LIMITED (A Company Limited by Guarantee with no share capital)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[st] MARCH 2021

Unrestricted	Unrestricted	Restricted Total	Restricted Total	Restricted Total	Restricted Total	Total
Funds		Funds			2021
2020
Notes £		£		£		£
Income & Expenditure
Incoming Resources:
Funding 86935					86935
87935
Fund Raising and other income	20707				20707
0
			______		______
__ ____
Total Incoming Resources 107642					107642
87935
______	______		______		______
Resources Expended:
Direct Charitable Expenditure 3	85526					85526
93488
Management & Administration 4	3381					3381
2966
______	______		______		______
Total Resources Expended	88907				88907
96454
______	______		______		______
Net Income/( Expenses) for Year	18735					18735
(8519)
Fund balance brought forward	17969			0	17969	26488
______		______		______		______
Fund balance carried forward	36704			0	36704	17969
______	______		______		______

The notes on page 7 to 12 form part of this financial statement -5-

TAMARIND CENTRE LIMITED BALANCE SHEET AS AT 31[st] MARCH 2021

2021 2020 Note £ £ £ £ £ £ Fixed Assets: Tangible 8 NIL NIL Current Assets: Debtors 6 Cash at bank and in hand 7 41167 21106 __ ______ Current Liabilities: Creditors: falling due within 1 year 5 4463 3137 470 _ ______ Net Current Assets/(Liabilities) 36704 17969 Total Assets Less Current Liabilities 36704 17969 ______ Represented by: Funds 9 36704 17969 ___ ______

The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statement for the year ended 31 March 2021 in accordance with section 476 of the Companies Act.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board of Directors on ………………………… and were signed on its behalf by:

………………………… - DIRECTOR ……………………………… - DIRECTOR

………………………… - Print Name ……………………………… - Print Name

The notes on page 7 to 12 form part of this financial statement

TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT

FOR THE YEAR ENDED 31[st ] MARCH 2021

1. Accounting policies

a) These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.
b) The charity is a company limited by guarantee. The directors of the company are also trustees and are named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per director of the company.
c) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
d) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
e) Incoming resources from investments is included when receivable.
f) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
g) Resources expended are allocated to the particular activity where the cost relates directly to the activity.
h) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which is estimated at 3 years for computer, 4 years for office and kitchen equipment and 5 years for furniture and telephone system.
i) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
j) Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
k) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets the criteria as charged to the fund, together with a fair allocation of management and support costs.

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TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT CONTINUED

FOR THE YEAR ENDED 31[st ] MARCH 2021

2. Taxation

As a charity, The Tamarind Centre Limited is exempt from corporation tax on income and gains falling within section 505 of the Taxation and chargeable Gains Act 1992 to the extent ‘that these are applied to its charitable objects.

3. Direct Charitable Expenditure

Salaries and NIC Pensions Rent Business Rates Light and Heat Telephone and Internet Stationery Postage Photocopier Volunteers Expenses Client Activities	Unrestric ted Funds £ Restrict ed Funds £ 2021 Total £ 2020 Total £ 75974 75974 74394 3230 3230 3033 2517 2517 10069 840 840 827 408 408 787 2409 2409 1992 0 0 110 0 0 41 89 89 777 4 4 28 55 55 1430
	85526 85526 93488

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		Unrestric	Restric	Total	Total
		ted	ted	2021	2020
		Funds	Funds	£	£
		£	£
Hygiene Service		201		201	375
Staf Travel		320		320	362
Ofice Equipment		947		947	0
Subscriptions	and	240		240	390
Licences
Insurance		873		873	873
Payroll		180		180	180
Administration
Year End Accounts		620		620	676
Bank Charges		0		0	30
Miscellaneous		0		0	80
		3381		3381	2966
	TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT CONTINUED FOR THE YEAR ENDED 31[st ] MARCH 2021

4.Management & Administration

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TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT CONTINUED

FOR THE YEAR ENDED 31[st ] MARCH 2021

----- Start of picture text -----
Unrestricted Restricted Total
Total
Funds Funds 2021
2020
£ £ £
£
5. Creditors
Rent Creditor 2,517 2,517
2517
Year End Accounts 620 620
620
Expenses due 1,326 1,326
0
__ _
4,463 4,463
3,137
Unrestricted Restricted Total Total
Funds Funds 2021
2020
£ £ £ £
6. Debtors
_ ___
Total Total
2021 2020
----- End of picture text -----

£ £

7. Cash at Bank and in Hand

Lloyds TSB-Treasures A/c 18267 18267 Co-operative Direct plus A/c 22900 2839 __ ____ 41167 21106

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TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT CONTINUED

FOR THE YEAR ENDED 31[st ] MARCH 2021

Computer Furniture Telephone Equip Total

		£	£	£	£	£
8.	Tangible Fixed Assets
	Cost
	As at 1stApril 2020		5467	8874	2356	2911
19608
	Additions	-	-		-	-
-
	Disposals		-
-
		______	______	______	______
_____
	As at 31stMarch 2021		5467	8874	2356
	2911 19608

	______	______	______	______	______	______	______
_____
	Depreciation
	As at 1stApril 2020	5467		8874			2356
2911 19608 Charge for		year
		______	______		______		______
_____
	As at 31stMarch 2021	5467			8874
2356 2911 19608
				______		______
	______ __ ___
	Net Book Value
	As at 31stMarch 2021	0		0			0
0	0
	As at 31stMarch 2020	0		0			0
0	0

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TAMARIND CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENT CONTINUED

FOR THE YEAR ENDED 31[st ] MARCH 2021

		Total	Total
		2021	2020
		£	£
9.	Funds
	Unrestricted Fund:

General purpose fund 17969

36704

T otal Funds 36704 17969

_ ____

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