The Charity Registration Number is :- 1141954
East Anglian Indian Association
Report and Accounts
31 March 2022
East Anglian Indian Association
Report and accounts for the year ended 31 March 2022
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1 | |
| Accountants' report | 2 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 3 | |
| Balance sheet | 4 | |
| Notes to the accounts | 5 |
East Anglian Indian Association
Trustees' Annual Report for the year ended 31 March 2022
The Trustees presents his Report and Accounts for the year ended 31 March 2022.
Reference and administrative details
The charity name.
The legal name of the charity is:- East Anglian Indian Association.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1141954.
.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a charity established under a Charity Commission scheme. The governing document of the charity is the Special Scheme establishing the charity authorised by the Charity Commission in England & Wales (CCEW) .
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The principal operating address, telephone number, email and web addresses of the charity
69 Mill Road Colchester, Essex , CO4 5LJ
The Trustees in office on the date the report was approved were:-
J Patel - 26/11/2020 S Thaker - 13/04/2018 D Patel - 01/04/2016 B Patel - 13/04/2018
1
East Anglian Indian Association
Trustees' Annual Report for the year ended 31 March 2022
The following persons served as Trustees during the year ended 31 March 2022 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
The purposes of the charity as set out in its governing document.
The charity's objective and principal activites contine to be to promote hindu religion and promotion of racial harmony for the public benefit.
The main activities undertaken in relation to those purposes during the year.
The EAIA organised following events to achieve its objective.
-
Navratri.
-
Ankut. 3. Food & Drink Festival.
-
Holi. 5. Rice Festival.
-
Valentine Day. 7.Bhajans.
None of the above events took place this year due to pendamic.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Organise various events during the year to enhance the general awareness of hindu religion as well as promoting racial harmony.
There was no event took place this year due to pendamic.
The main achievements and performance of the charity during the year.
Orgainising various fund rasing events successfully was the main achivment of the year.
2
East Anglian Indian Association
Trustees' Annual Report for the year ended 31 March 2022
The difference the charity's performance during the year has made to the beneficiaries of the charity.
Charity organise the various hindu festival such as navaratri and ankut for its members.
The degree to which the achievements and performance during the year have benefited wider society.
Members from wider society were invited to events organise by charity, which promoted the racial harmony.
Structure, governance and management of the charity
The charity mainly run by the elected committee members, and the activities of charity overseen by trustees.
The methods used to recruit and appoint new charity trustees.
The trustee was appointed by the committiee.
Bankers Metro Bank 31-32 High Street, Colchester, Essex CO1 1DB SHP Unit B3 East Gores Farm, East Gores Road, Coggeshall Essex Accountants CO6 1RZ
Financial review
The charity's financial position at the end of the year ended 31 March 2022
The financial position of the charity at 31 March 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2022 £ 18,613 51,871 51,871 |
2021 £ 266 33,258 33,258 |
|---|---|---|
3
East Anglian Indian Association
Trustees' Annual Report for the year ended 31 March 2022
Financial review of the position at the reporting date, 31 March 2022 .
The Charity's financial position remains strong and continues to record a surplus for the year. The trustees are committed to using the surplus to help with holding events to promote its activies.
Policies on reserves.
The reserves are use for the funding of the events.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets are available and adequate to fulfil its obligations.
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
4
East Anglian Indian Association
Trustees' Annual Report for the year ended 31 March 2022
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 25 October 2022.
Mr B Patel Trustee
5
East Anglian Indian Association
Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 31 March 2022
We report on the financial statements of East Anglian Indian Association for the year ended 31 March 2022, as set out on pages 12 to 20, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 19, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
Respective responsibilities of the directors and the accountant
As described on page 9, you, the charity's Trustees are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
No statement of opinion
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
SHP- Chartered Certified Accountant
B3 East Gores Farm East Gores Road Coggeshall Essex CO6 1RZ
This report was signed on 25 October 2022
6
East Anglian Indian Association - Statement of Financial Activities for the year ended 31 March 2022
Statement of Financial Activities for the year ended 31 March 2022
| Current year Unrestricte d Funds 2022 £ Income & Endowments from: Donations & Legacies A1 8,642 Charitable activities A2 4,971 Other A5 16,712 Total income A 30,325 Expenditure on: Raising funds B1 11,347 Other B3 365 Total expenditure B 11,712 Net income for the year 18,613 Net income after transfers A-B-C 18,613 18,613 Reconciliation of funds:- E Total funds brought forward 33,258 Total funds carried forward 51,871 SOR P Ref Net movement in funds |
Current year Restricted Funds 2022 £ - - - - - - - - - - - - |
Current year Total Funds 2022 £ 8,642 4,971 16,712 30,325 11,347 365 11,712 18,613 18,613 18,613 33,258 51,871 |
Prior Year Total Funds 2021 £ 3,010 - 11 3,021 - 2,755 2,755 266 266 266 32,992 33,258 |
|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
7
East Anglian Indian Association - Balance Sheet as at 31 March 2022
| Note SORP Ref Current assets B Debtors 7 B2 - Cash at bank and in hand B4 51,871 Total current assets 51,871 Net current assets The total net assets of the charity The total net assets of the charity are funded by the funds of the |
2022 £ 1,000 32,258 33,258 51,871 51,871 charity, as follows:- |
2021 £ 33,258 33,258 |
|---|---|---|
Restricted funds
| Unrestricted Revenue Funds 11 D3 51,871 Designated Funds Total charity funds |
- 33,258 51,871 51,871 |
- 33,258 33,258 |
|---|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Mr B Patel Trustee
Approved by the board of trustees on 25 October 2022
8
East Anglian Indian Association
Notes to the Accounts for the year ended 31 March 2022
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5.
Bank balances
Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no designated, restricted or endowment funds.
9
East Anglian Indian Association
Notes to the Accounts for the year ended 31 March 2022
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
There was no financial instrument employed by Charity.
5 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated. The charity had 12 Volunteers who donated 1,200 hours of their time stewarding events. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
6 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
7 Debtors
| Other debtors 8 Income and Expenditure account summary At 1 April 2021 Surplus after tax for the year At 31 March 2022 |
2022 £ - 2022 £ 33,258 18,613 51,871 |
2021 £ 1,000 2021 £ 32,992 266 33,258 |
|---|---|---|
9 No related party transactions
There was no transaction with related party.
10
East Anglian Indian Association
Notes to the Accounts for the year ended 31 March 2022
10 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2022 Current Assets At 1 April 2021 Current Assets |
Unrestricted Designated funds funds £ £ 51,871 51,871 - Unrestricted Designated funds funds £ £ 33,258 - 33,258 - |
Restricted funds £ - - Restricted funds £ - - |
Total Total Funds Funds £ £ 51,871 51,871 51,871 51,871 Total Total Funds Funds £ £ 33,258 33,258 33,258 33,258 |
|---|---|---|---|
11[Change in total funds over the year as shown in Note 10 , analysed by individual funds]
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds |
Funds brought forward from 2021 £ 33,258 33,258 33,258 |
Movement in funds in 2022 See Note 12 £ 18,613 18,613 18,613 |
See Note 0 £ - - - Transfer s between funds in 2022 |
Funds carried forward to 2023 £ £ 51,871 51,871 51,871 51,871 51,871 51,871 Funds carried forward to 2023 |
|---|---|---|---|---|
12 Analysis of movements in funds over the year as shown in Note 11
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2022 £ 30,325 30,325 |
Expenditure 2022 £ (11,712) (11,712) |
Other Gains & Movement Movement Losses in funds in funds 2022 2022 2022 £ £ £ - 18,613 18,613 - - 18,613 18,613 |
|---|---|---|---|
13 Ultimate controlling party
The charity is under the control of its legal members.
11
East Anglian Indian Association
Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
14 Donations, Grants and Legacies
----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricte Restricted Total Total
d Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Donations and gifts from individuals
Small donations individually less than £1000 8,642 - 8,642 3,010
Total donations and gifts from 8,642 - 8,642 3,010
individuals
Total Donations, Grants and Legacies
Total Donations, Grants and A1 8,642 - 8,642 3,010
Legacies
----- End of picture text -----
15 Income from charitable activities - Trading Activities
| Current year Primary purpose and ancillary trading Total Primary purpose and ancillary trading Sale of goods and services in accordance with the charity's objects Ticket Sales |
Current year Unrestricte d Funds 2022 £ 2,012 2,959 4,971 |
Current year Restricted Funds 2022 £ - - - |
Current year Total Funds 2022 £ 2,012 2,959 4,971 |
Prior Year Total funds 2021 £ - - - |
|---|---|---|---|---|
| 16 Current year Total income from charitable trading Total from charitable activities A2 17 Other income and gains Current year Total other income A5 Total Income from charitable activities Sundry other income Govenrment grant |
Current year Unrestricte d Funds 2022 £ 4,971 4,971 Current year Unrestricte d Funds 2022 £ 16,700 12 16,712 |
Current year Restricted Funds 2022 £ - - Current year Restricted Funds 2022 £ - - - |
Current year Total Funds 2022 £ 4,971 4,971 Current year Total Funds 2022 £ 16,700 12 16,712 |
Prior Year Total Funds 2021 £ - - Prior Year Total Funds 2021 £ - 11 11 |
|---|---|---|---|---|
12
East Anglian Indian Association
Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015
18 Support costs for charitable activities
----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricte Restricted Total Total Funds
Current Year d Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Administrative overheads
Insurance 164 - 164 154
Donaiton 201 - 201 2,501
Sundry expenses - - - 100
Support costs before reallocation 365 - 365 2,755
Less support costs reallocated to specific activities
To non charitable costs (365) - (365) (2,755)
The basis of allocation of costs between activities is described under accounting policies
Administrative overheads
The basis of allocation of costs between activities is described under accounting policies
----- End of picture text -----
19 Expenditure on raising funds
| Current Year Music Hall Hire Food & Drink Suindry expenses Coach hire Total fundraising costs B1 |
Current year Unrestricte d Funds 2022 £ 5,050 612 3,563 701 1,421 11,347 |
Current year Restricted Funds 2022 £ - - - - - - |
Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 5,050 - 612 - 3,563 - 701 - 1,421 - 11,347 - |
|---|---|---|---|
20 Other trading expenditure unrelated to fundraising or charitable activities
| Current year Current year Current year Prior Year Unrestricte d Funds Restricted Funds Total Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 365 - 365 2,755 |
||
|---|---|---|
| Non charity expenditure | B3b | 365 - 365 2,755 |
| Other trading expenditure | unrelated to fundraising or charitable activities - Prior Year analysis | |
| Unrestricte Restricted Total |
||
| d Funds Funds Funds |
13
East Anglian Indian Association
Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015
| 21 Total of other expenditure Current Year Total other expenditure B3 All the expenditure in the prior year was unrestricted. Prior Year Total other expenditure B3 |
Current year Unrestricte d Funds 2022 £ 365 365 Prior Year Unrestricte d Funds 2021 £ 2,755 2,755 |
Current year Restricted Funds 2022 £ - - Prior Year Restricted Funds 2021 £ - - |
Current year Total Funds 2022 £ 365 365 Prior Year Total Funds 2021 £ 2,755 2,755 |
Prior Year Total Funds 2021 £ 2,755 2,755 |
|---|---|---|---|---|
14
East Anglian Indian Association
Activity analysis of Income and expenditure for the for the year ended 31 March 2022
This analysis is classsified by activity and not by conventional nominal descriptions.
22 Analysis of income by activity
| SOFA ref Primary purpose and ancillary trading1 Summary of Total Income, including the items above Charitable activities A2 Donations & Legacies A1 Other income A5 Total income as shown in the SOFA A Categories of income Income from exchange transactions Income from charitable activities Activity |
2022 £ 4,971 4,971 8,642 16,712 30,325 30,325 |
2021 - - - 3,010 11 3,021 3,021 |
|---|---|---|
23 Analysis of charitable expenditure by activity
Activity Summary of charitable costs by activity
| B4. Administrative overheads Total charitable expenditure |
Direct costs 2022 £ - |
Support costs 2022 £ 365 365 |
Grant funding of activities 2022 £ - |
Total 2022 £ 365 365 |
Total 2021 £ 1,685 1,685 |
|---|---|---|---|---|---|
The basis of allocation of costs between activities is described under accounting policies
The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 0
24 Analysis of non charitable expenditure by activity
Activity
| Fundraising activities | Fundraising activities |
Fundraising activities |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Direct fundraising costs | 11,347 | - |
15