Comp&ny registr&ion number. 06778302 Cbarity regiStrlon number.. 1136725 Pan-Asia Community Housing (A compw limitrd by guaTantre) for the Year Ended 31 March 2021 David Dixie F C A Dixie Associates 167 Black Haynes Road Selly Oak Binningham B29 4RE F78Y26' 1W1012021 COMPANIES HOUSE
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P*D-Asix CommuDity Housing Contents Trustees. Report 2to3 Statement of TTustres' Rwn$ibilities Indepen(knt Examinetrs Ret Statement of FiDwKial Activiti&s Balance Sh¢¢t Notes to th¢ Finatieial Ststetnettts 8t015
Pan-Asia Community Housing Ref¢ren¢¢ nd Administrative Details Tru$ttts J Masih JROY J Miller.D¢n)isovsk4 C T Bourne E J Bourne Se¢r¢try KAHJorKs Other Offi¢¢rs R BaTker. Trea5ureT Pri#tipal Offiee Sandw¢ll B67 5DD Registered Office ' 9 Herbert Road Sandwell B67 SDD The charity is iD¢OTrted in United Kingdom. 06778302 Company Retr(lo* Number Charity Regisfrntiffi Number 1136f25 BaDk¢rs CAF Bank Ltd 25 Kings Hill Avem Kitigs H West MalliDg Keni ME194JQ David Dixie F C A Indepetsdetst EIlltr 167 Black HayDes Ro&1 Selly Oak Birmingharn B29 4RE Page I
PaD-Asia CoDUnUOity Housing Trnstees, Report Th¢ trs. wljo are directors for the purp)stt of compaDy law. pre5eni the aDnual r¢wt tQ8¢ther with the fmallcial stalements of the thoritabl¢ cornpany for th¢ year ended 31 Marth 2021. Objectives •¢tivititg PubU¢ bthej The trS(eeS confirni they have complied with th¢ requir¢nJents of section 4 of the Charities Act 2011 to have due regard to th¢ public beo¢fit 8uid&ce published by the Ckarity ComMilOn for England aDd Wales. Objects The Objects for which Pan-Asia commlty Housing i% &%tsbli5bed #Te:: To assist ID the provis1) of affordable ¥XoTrn0thon WKI housing rn¢m¢nt wvice& PrillY but Lot exclusively. for persons of South E4st origin living in the Midlands who are in conditioDS of ne¢(L Fvverty or distress. To advance education and tsaining aTvJ lIeve fin8nciAI h$b]p. primaTily not exclusively. ann8St persons of South East Asi•] origits living in the MidlaDds who are in CODditions of need. wjverty or distre4 particularly by the prnvision of suprAMt servicts w advance them ID 13f¢ and assist th¢m adapt witbin a n¢w Referrals ln supp)rt of our object& referrals were by the following organiwions the year. LettIg Agents Cburch Groups artd Commwiity organisknons Volunteers Voluntrers CODtitiue to render ¥aluabl¢ s¢rvi¢¢ and w¢ d¢ployed fow duritig th¢ year. Acbi¢vemeDts For th¢ year Cover by this r¢wl we have been able de[tt0Trtra a strong record of efftctive outcome d¢liY¢ry. During the twelve mondL8 we ljave cared for and sup1ted 17 xlujts and 4 ¢hildr¢D in 12 properties. Six adults aDd fouT ¢hildr¢n wff¢ fr(xn dknic miwity and a six of mainland European txring th¢ year we Wica]ly lost a WI w&% killed in a ToAd traffic accident whilst riding bis bicycle. (kn approacb to housing procurement is noD-rnUtiDe and nOTr- ID that w¢ ty to introduce prnperti¢s to ow ho.using stock which bave never before beeD 4vaitable th¢ rEntal markeL Often properties are in a derelict or POOT condition and we projed manage their refiwbisFllnent back to a go(yd babitsbl¢ standard. W¢ b¢liev¢ that this slightly different approach for bringing n¢w rentsl prowiies to the nwket can increase the 8mouni of social housing Stock aY4iiabie attd offer sott)e Dew for other organi ill the Chari¢8ble IuSing sector to replicate.
Pan-Asi Conymunity Housing Trusteu. Report There is a genernl willingne&s within the Organi to wolk the risky"aDd the Un4T aTM1 from th¢ opwrruniiies presented to us during the year we are looking to e5tsblish 4 speci¥l n¢¢ds ho1n%'prOje¢t in the next financial year. Finaneial review Careful attention IL8 beeo given to our rjanCIal managemeDL However the ¢¥)) sIM)w that our income fractiottally exceeded our expenditiwe and ended the fllwKial year wth no rent arre4ts and no bad debts. Fund-rnlslng No active fimd-rnising took placz during the year. Non-FiDaneial Support Once again we express our thanks to all those pei)ple who bv¢ worted ftiithfulty behithl the scenes supportiDg U5 with smaEI di$buTs¢meihts of money. th¢ir tim¢ and J>ractical servrces. most without public reCottion or reward. Such people create and maintain the wery'soul. of our Orls. The thext twelve months For thiren years the OTgaDisation ha5 been run by an 'all.volwJt¢¢r' stsff. During those thirteen years we have proved the Deed" for ow serviS and idenlifj¢d Dew S¢TVif¢5 that we should provide. All fijnds used by the organisation have beett self-getteTated. An opornmity has arisen for us to merge T1 an(xb¢r I1ng chty. The merg¢r will briDg a hos1 into the portfolio and the opportunity lo create a spxial ttee(Ls Iwing project is tr)w within YeaclL Some element of fund.rdising 11 be r¢quiTrd to fvnd th¢ m¢rg¢r wsts. We will a]$0 Continue to s¢¢k furtlr Fmperty owners Tho willing to parner us and iDcreas¢ our housing stock aOrdIng[y. FIDaDelal IDStr•ments Credlt rlsk Th¢ ¢barity'S prtncipal fllwicial assets are bank balances and rash. trade and other receivablK aDd investments. The charity's credit risk is pritnarily attributable to its trade receivables. The •nots presented in the balance sbeei are net of allowances for doubtful re}Vable5. AD allowan for impaimieni is tnade where there is an idenlified loss event whicM bed on previo expeTience. is evidence of a reduction in the recoverdbility of the h tlows. The credit risk on liqutd fitn&8 and derivative fitmncial iDslrnents is limited be th¢ wunt¢rparti¢s are banks with high credit.ralings aSsi)e0 by iDtwnaliona] credit.rating ¥gencies. The charity one sigryifi¢ant Concentration of credit risk in that five of our properties have the same landloTd. Thereafter ¢xp05ur¢ is spr¢ad Ovfx 4 nutnb¢r of CoUBterp atsl CUStsMllers. The #Trnual p)rt was approv¢d by th¢ trustres of the charity on 23 June 2021 and signed on its behalf by: oy Trustee
Pan-Asi Community HoustDg Statement of Tntrt8, Responsibilities The trUSS (wbo are $0 th¢ of PoD-Asia Community HOillg for the purwses of company law) are 8pon5ibl¢ for pr¢poTing the tnL8tees' Yepxt and the fiDaDcial ststements iti accordance with the Unit¢d Kingdom Accouniang StsndaTds (United KiDgdom GeD¢AUy A¢¢eMul A¢wuDting Pradice) and 4)plicable law and regulations. C07npany law requtres the trusttt5 to prepare finall¢1 StatrIn for each finyncial year. Under company law the trust¢es must not approve the financial thents un1¢5s they are sakn"sfied they give a true aryj fair view of the stste of affairs of the charitsble company #Dd of its incomTrng TesOur5 aThl application of resources, irtcludiDg its in¢ouK and expenditWE. for that period. In prepartn8 these financial statements, th¢ truste¢5 are required to: select suitable accounting policies and apply them con5iSt¢otly" observe the methods and prirKiples in the Cbarities SORP. make judgements and estim8tes that are renable ard pn slate whether applicable UK Accounting Stsndard5 hav¢ fouorf subj¢¢l to aoy lliai departures disclosed and explaintd in th¢ financial stst¢tnents" and prepare the financial 5tst¢nKnts on thr goiDg cowern basis uDl&ss il is in8wropriat¢ to prtsume that the ch&Titable compatty will continue in business. The trustees are responsible for keeping adeqye Tecord5 that ar¢ sufficient to show and explain the Ch]table CornpS transactions and disclose with reasonable a¢curdCy at any time the fjDancial position of the charitable compatty and enable them to ensure th the financial stst¢ments comply with th¢ Companies Act 2006. They ar¢ also re5FK)Dsible for 5#feguardiDg the &%sets of the charitsble company and hence for tsking reasonable sps fc* the and de¢e¢tiw of fraud and other irylarities. Approved by the trttS of the charity on 23 2021 sig OD its behalf by: Trustee
Pan-Asia Community Housing Independent EimiDerf$ Report to the trusttts of Pao-Asia Community Housing I report ott tbe accouDts of the charity for the year ended 31 Match 2021 l¢b are set out on pag¢s 6 to 15 . Respective respoAsibllltles of trustees •nd tminer The trumees (WI aT¢ also the directors of the company for the pU$¢S of company law) ar¢ re5ponsibl¢ for the preparation of the accounts. The trustees v)Dsider that aD audit is nrt requirnl for this yeaT under section 144(2) of the Chariti¢5 Act 2011 (the 2011 Act) and that an indyndent examinknon is needed: Having satisfied myself that the charity is wbj¢¢t to udii under law and is eligibk for independent examination. li is my responsibility 10: examine the accounts under section 145 of the 2011 A¢ to follow the procedures laid dokn ID th¢ general Diredi$ given by th¢ CbaTity CommisstoD under section 145(5)Ib) of th¢ 2011 A¢4 and to 51at¢ whether particular have come to tny •ttention. Basis of iThdepeTrdettt examiner's report My exathinakniln was carried out in aCCoae with the gUra1 Directions given by the Charity Commission. An examination includes a review of the accounting rerdS kept by the chlty ODd a romparisi)n of the accounts presented with those rords. It Jlso includes wnsiderdtion of aDy WIU5ual iiems or disclosures in the accoun and seeking explanations frnm you trLLStees concerning aDy such matters. The procedures undertaken do not provide all the evidence that wthjld be required in an audit and ¢OD5¢quently no opinion is given as to whether the accounts present a 'true and fair view, aDd T¢PK>rt is IiEDited to those ttwtters set oul in th¢ stament IlOw. IDdep¢DdeDt eLmiTrer's statement In ¢onn¢ctiort with my ¢x8minatioty no maller has u>me to my allention: (l) wbicb gives me reasonable cause to b¢lieve that in any m*erial rwect thB fv4ulyemts. . to keep accouniing records in ¢0rdaYe with section 386 of the Compani¢s Ad 2006. and . . to Prepate aceouDts wbich accord with the a¢tIng record& cotnply with the acwuntin8 Tequirements of secrion 396 of ihe Companies Art 2006 and with th¢ and principjes of. the Ststement of have not been meL or (2) to which, in my Opinio attentioD should be drnwD in order to enable a proper underthditig of the accounts to be r¢athed. DRDixieFCA Dixie Asw¢iates 167 Black Haynes Road Selly Oak Birniingham B29 4RE 23 June 2021
Pan-Asia Community Housing Statement of FiD•ncial Aetivities for Ibe Year Ended 31 March 2021 ODeluding Income and Expenditure AceouDt and Stst¢m¢nt of Total ReZnISed GxiDS and L(psses) Tot•1 fuDds Note ll¢0e and ETrdowmeDts from: Donatith)s and le8acies Charitable activitles 24.750 .591 24,750 8.591 Totsl Inwm¢ 33,341 33,341 Expendilure OD: Charitable activilies (33,198) (33.198) Total Expellditure Net income 33.198 133.198) 143 143 N¢t mov¢m¢nt tn fimds 143 143 R¢con¢ili*tioD of funds Totsl fund5 brought forward 2.462 Tothl fut)&s carried forward 13 2,319 Unres¢rict¢d fund5 (2,319 Total 2020 Nol¢ Ineome and EndowweDts fro•: Donations and legxi¢s Charitable activities 24.550 7.933 24.550 7.933 Totsl Income 32.483 32,483 ExpeDditure OD: Charitable activities {32,939 (32,939) Total Expendihtre (32,939) 32,939 Net expenditur¢ (456) (456) Net movement in fimds (456) (456) Retill#tIOn of f4nds Totsl funds brought forward (2,007), . (2,007) Totsi full<L% carried fonvard (2,463 A]1 of the charity'5 activities derive fmm CtinU]ng opuatiQD5 durin8 the above two periods. The bjnds breakdown for 21f20 is sho) in note 13. Page 6
Pan-Asix Community Housing (Registration number 06778302) Balance Sheet as #t 31 March 2021 2021 2020 Note Flxed assets Tangible assets 335 Current 455¢ts Cash at bank and in hand 483 Creditors: Anouits f•lliog d4e withiD ove yer eurreot liblllti¢s 12 (3.341) 3,281) (2.319) 2,319 2.798) .463 Net liabilities F#dS ofthe eharlty: Unrestrieted ioeom¢ fuods Uwestrict¢d funds (2.319) (2.319) (2,463) {2,463 Tot1 funds 13 For the financial year endÈng 31 MaTch 2021 the Charity w&% entitled th ¢xetDPtiOD frr)m audit under seetion 477 of the Compatiies Act 2006 reliD8 to snMII ¢ompanie5. Directors, responsibilities: The rntmbers hav¢ not required the cbarity to obtrin an audit of its accounts for the yeaT in question in accordance wtth sectiott 476: arwj The dIreCrS acklw[edge their responsibililies for comptying with the requireme5 of the Act with respect to accouniing records ad the weparation of accoun These accounts have been Prepar in accordance with the ptOViSifffl5 applicthle to wnp¥ni¢s subject to the small compani¢s r¢girne. The financial statements on p8ge5 6 th 15 w¢r¢ aVed by the trustees. and authorised for issue on 23 June 2021 and S]ed on their behalf by: Trustee
PJin-Asii Community Housing Notes to the FiD4D¢ial Statements for Ihe Year Ended 31 Mareb 2021 I Ch•rity status The Charity t5 4 ¢barity limited by guarante¢ and WD5equ¢ntty does not have thare capital. Each of the tnthes is liable to colltnknute an arnount not exceeding £1 towards the assets of the charity in the event of liquidation. 2 At¢ountlDg pollcies Summary of 5ignifiuTrt #ttoutstS#g polities and key ecoun¢iDg es11Tht¢S The principal accounting policies pIled in the pr¢ptirn of these finaDcial statements aT¢ set out below. Th¢5e policies have be¢n ConsistelY appligj to all the year5 pre5en4 UDles5 otherwise stste Statement oleompiiance The financial ststements have be w¢par1 in atc(thee with Accouniing al Reporting by Clwities: Statement of Reconun¢nd¢d Pradice applicabk to clwities preparing their accounts in a¢¢ordattce with the Fin8ncial Reporting Standard applicable in the UK aDd Republic of tr¢l8nd (FRS 102) (efftctive l JaDuary 2015) - (Charities SOPP (FRS 102)A the Fina11 Rewting Standard applicable in the UK and Republic of JT¢land (FRS 102) atsd the Companies Act 2(6. Basis of prepr•¢ion Pan-Asia Community Housing meets th¢ Ilefinition of. a bliC IxDefft entity under FRS 102. Assets liabiliiies are inilialty reColS¢d at bistoricai co or transxtion value unless Otbenvis¢ stst¢d in the relevant accounting policy Doles. Going The trusttts consider there are uncertainties abo the charitys abli ty to contiDU¢ as • going concern. It h&$ b¢¢n d¢rided that the long-trrm of the orgalSation is best S¢¢UTed by the merger with another clwiry. This merger is planned to take plx¢ in th¢ ttext fittanc1 year. Ex¢mption fTOm pr¢priDg • eash Ilow stteDK•t The ¢haTity opt¢d ¢0 ¢aTly ttdopt Bulletin I publisbed on 2 Felxuary 2016 and bav¢ therefoT¢ It in¢lud¢d a ¢ash Infome and en41owmthts All income 15 recogrJis¢d or th¢ chgrity b&8 altitlemeni to the itKome. it is protble that the inCOEn¢ will b¢ DOedServICes 4ndfo¢11 Where Servi or facilities are provtded to the charity as a don&ioD that would norrnaily b¢ purchas¢d from our suppli¢rs. this Contributiott is iticltsded in the fioao¢ial stat¢ttheDts at arA estimatr based ott the value of the contribution the charity tre this be qvantifie Dividends ar¢ r¢wi5¢d ¢m¢¢ the dividetsj has len declared and notifi¢#iort b&$ be¢n re¢eived of the dividend due.
Pan-Asia Community Housing Notss to tbe FinaDeial Ststem¢nts for the Year Ended 31 Mareh 2021 EJp¢ttditur¢ All expendttiJre is recogttised once there is a legal or consmictive obligation to that expenditu. it is probable settlement is required and the amount can be Eneasured Teliably. All costs ar¢ alloced to the applicable expenditure heading that aggTegal¢ Similar ¢0sts to that (¢gory. Whue costs cannot be dirEc¢Iy attributed to parti¢ulaT headings they have Een all£& on a b&si5 consisient wtth the se of resource& with central.stsff costs allocated on the Imsis of time spen¢ •)d depreciatioo chaTges allocated on the portiOD of the asset's us¢. Other support Costs are allocatrAJ based (VJ the spread of stsff costs. Charlfdble acllvl(les Charitsble ¢xp¢nditure comprises those c4)Sts Ired by the charity ID the delivtty of its activities and services for its beneficiaries. It includes Ix)th cosrs that ¢an be allocated directly to a¢tivitie5 aDd those costs of an indir¢¢¢ nature ll¢¢¢ary to support then GOVernaee eosts Thes¢ includ¢ the costs atknThutsble io tr charity's conipliance conl10naI and • require111 including audi( strategic thatellnI and tnwees. meeiings aDd reimbursed expeD5¢S. TaxatlOD The charity is considered to pass the t¢sts sd out in Parngraph I 6 of th¢ Fitian Act 2010 and therefore it rneets the definition of a chatttable totllpauy for UK corFM>ration tsx purp05¢s. Accordingly, th¢ cl)arity is potentially exeTnpt from taxation in resw of irKonK OT capitsl gains r¢7¥ within rategories ov¢r¢d by Chapter 3 Port 1 l of the CoTporation Tox Act 2010 or S¢aion 256 of the Taxatioll of Chargeabl¢ Gaills Act 1992. to the extrnt that such incoll orgains are applied exCh1Ve to Charitabl¢ Pu. Tangible fixed ag3¢ts llldividual fixed assets ColD8 £S(K). or Jnore are initially TOrded ¥t cosL Depreciatlots Ind amortitiO D¢pre¢iation is provided on tartgiThle fixed assets so &% th write off the cost or TnluaM less any Clmat¢d sidual value. over their expected useful ecoDOrniC life as follow5: Asset cla Offi¢e ¢quipment Furnitttye and fittings Ikpreei•¢iDn JDethod rnt¢ 25% stratght lin¢ basis l(Ph stsaighi line basis R¢sre a•d devdopment Research and development extnditure is written off as incurrryL Caskn and tyuivalents C&sh and c&sh equivalents conyise cash (o hand and 11 and other short-kn higbly liquid investments that ar¢ readily convertible to ¥ kno atDoynt of and ar¢ srthjeet to an tOSi8nificant risk of change in v8lu¢. Fuftd structure the objedives of the chartty.
Pan-Asia Community Housing Notes to the FiDaDcial Statem¢fjts for the Elld 31 Ma 2021 Finan¢ial in5trumettts class1¢1110v Financial assets and financi liabilili¢s aff re¢o8niwJ Thett the ¢PJarity bec(Mnes a party to the c4Xttractual provision5 of the instrum¢nt. Financial liabililies and equity tnstrurnthts are clwified actorditig io the substance of the contractual aTrang¢m¢nts eniered into. AD equity instr11ml is any corttrad that evidence5 a residual interest in the assets of the charity after deducting all of its liabilili¢ Reeo8nlrfon dndmeasureml All financial assets and liabilities are initially measu1 at transactiOD pri¢¢ {iDcluding traDSaCtion costs). except for those financi41 &s5ers classified at fair value through profft or 104 wbich are initialty meL8ured at fair Tue (which is nonnally the traDsadion wice excluding trallsactiort wsts). un1¢s5 th¢ atrangement ¢OD5titytw a financing tran5artion. If an agement W]Sti¢s a finarKing tr¥nsaLtioN the fiDJnci31 &%set or fmancial liability is measured at th¢ pr¢5¢nt TRkue of the fiJDrt paymellts discotsnted at a markd rate of iat¢rest for a similar debt instrument. Firtancial assets aod liabilities are onty offs¢t ID th¢ statem¢ of fiDaD¢1 Fy)s&tiOll wlm aod only when there exists a legally enforceable right to sd off the recosnised amounts and the charity intend5 eith¢r to settle on net basis. or to tealise the asset and settle th¢ liability simultaneously. Finacial assets are deTeco8Dised when and onty when a) the c4)ntrachwl rigbts to the flows from the financial asset ¢xpire or ar¢ S¢ttl¢ b) the charity trdn5f¢TS to another party substantially all of the risks and rewards of ownership of the finaocial ss¢¢ or c) th¢ tharity, despite having retained some. but not all. si1fianI risks and rewards of 0e[ShIp. bas transfened collfrol of the assd to another party. Financial liabiliti¢5 ar¢ dereco8Dis¢d ODly wli the d)ligatioii spxified in the conw is d1harg cancelled or expires. The best evidenc¢ of fair value is a quot&1 price for an ideJti(al &t in an xtive markeL Wben quoted pri¢e$ are unavailabl¢, th¢ price of a rtt¢Dt ¢raDSadion for aD idettti¢al &55¢t provides evidenv of fair value as lon8 as th¢re h&8 not been a 5igrtificant chaoge in economic CiTcumstsntts or a significant lapse of time since th¢ transaction took plx¢. If the market Is noi adive attd recert tr3DS•dions of an idcntical a5Srt on th¢ir owth are not a good estimate of fair val. the fair value is estim by using a valuatiOD tthique. 3 Im¢omt from dontityns nd Itgaeies UDr¢strictrd Total 2021 Tolal 2020 Ge•erl Donatrd SerViS and facilities 24.750 24.750 24,550 24,750 24.750 24.550 Pag¢ 10
Pan-Asia Community Housing Notes to the FinaDcig1 StstemeDts for the Year Ended 31 M&rcb 2021 4 Ineome from ehritsble activitie5 fuDds Total 2021 Total 2020 . Gener•1 Propety rnanageme 8J91 8,591 Prom maoagement ft&% were earneMJ on rentsl incQD of £80259 (2020 . £87.955)" the asso¢id rent paid was £71,668 (2020- £71.023) Pag¢ii
P4n-Asi Community Housing Notes to the FiDaDcial Stt¢ments for the Year Ended 31 Mareb 2021 S Expenditurn OD eharit•bl¢ ¢ti¥itie5 UYes¢ri¢ted Totl 2021 T•t•l 2020 Gewernl Office re lighi and heat lJ)suraD¢e TelephonA computer softwwe. post and stationery Managem¢Di $ Travel and subsisience Bank charges Depreciation. amortisatiorj and 148 488 6.148 488 525 506 24.lY)O 505 24.000 24.0 600 71 71 335 1.050 335 1.050 336 913 Governallce costs 33,198 33.198 32.939 £33,714 (2020- £33,714) of th¢ kn)ve exwJittw¢ attributsbk to UTtrethcd fimds and £Nil (220- £Nil) to restricted fimds. 6 AD•lysis ofgov¢rn•nct ttd support tosts Governanee costs UTrre5tricted fndS Totsl 2021 Tot#1 2020 Geernl Indtpend¢nt examiner fees Examination of the fiDancial stattsne L¢gal fees 600 313 450 450 1.050 1.050 913 P4¢ 12
Pan-Asia Colluuunity Housitig Notes to the FiDan¢il Statements for the Year Ended 31 Mreb 2021 7 Net IneomingloIgo1Dg reswrces Net inmin(oUtgoing} r¢soLr¢es for the year incIle. 2021 2020 Pepreciation of fixed assets 335 336 8 TrySt¢es.rewther*tKj and expenses C T Bourne £6.000 (2020.. £6.IW) of ¢xpenxs weT¢ T¢itnbuT5eil to C T Bourne dUrll the year for Tent of offirx pr¢mis¢5. No trustees. nor any persons connected with then4 hav¢ re¢¢iv¢d w Temuneration from the charity during th¢ No tNstees have received any otheri¢fits from the chanty during the year. The amouni expense$ w4iv¢d by the Intr£s d]8 the year totalled £24.750 (2m. £24.fth). 9 Indep¢nden¢ txaminees r¢mup¢rn¢io 2021 202(1 ExaTlliMtiort of the fittancial ststerllents 6L 10 TaxatioD The clwity is a regist¢Trd tharity and is theffefthE exempt fmm tsxation. 11 TaDgiblt rued assets Furtsiture and equipment Total Cost Ai l April 2020 At 31 March 2021 5,271 5.271 5.271 5,271 DepreeiatiOD At l April 2020 Charge for the y¢ 4,936 335 4.936 335 At 31 March 2021 5271 5271 Net book v¥lue At 31 March 2021 At 31 Maffh 2020 335 335 Page 13
Pan-knia Community Housing Notes to the FiDaDcial StatemeDts for the Yer Ended 31 March 2021 12 Credltors." fallmg du¢ within one year 21)20 er loans A¢cnJals 340 280 3.341 Other creditors refer to prior year 5etiing up Costs will be discbuged through private donations and fuhw¢ tradujg tivIti¢5. No graDt-maktng funding will uwj for this puw. These li8bilities in¢er¢51-fr¢e and in the event of the cbarkty windiDg up are srfur¢d by a guarantw. 3,281 13 F4nds IneomiDt Resources expended laDee 8Jt 31 MArcb 2021 April 2020 UDr¢stri¢t¢d fuDds GeneTal 33,198 .319 Bfthftee t I April 2019 B#lanee *t 31 M¥rch 2020 resowrees expended UDrestrlcled fuDds General 32.483 (32.939 (2,463) P¥ge 14
Pan-Asia Community Housing Notes to the Fin2DciAI Ststements for the Ye¥dr Ended 31 Mareh 2021 14 A Trtysi$ of net wets betwee fllnds Unrestrleted ftA Trds Gth¢r•l Totsl fwnds Current assets Current liabilities 1,022 3.341 3.341 Totsl net assets (2J19 2.319 IS Am•lyJis of Det fpndy At 31 M¥r£h 2021 At l April 2020 C•5b Ilow Casb at bank aDd in bartd 483 539 1.022 Net delx 483 539 1.022 Page is