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2023-03-31-accounts

Pages
Trustees'
Annual
Report		 2to3
Independent
Examiner's		 Report
Statement of Fina ncia I Activities
Summary
Income and Expenditure		 Account
Balance Sheet
Statement of Cash flows
Notes to the Accounts 9to 16
Detailed Statement of Financial Activities 17to 18

Mrs. Nirmala
Jaiswal		 Chairperson/Trustee
Mrs. Maitreyi
Bose		 Treasurer /Trustee
Mrs. Sushri Wells Secretary /Trustee
Mrs. Sanjukta Sahu Cultura
I Secreta ry/Trustee
Mrs. Saroj Sinha Trustee

The Committee
meets frequently,		 The Committee
meets frequently,		 and all the meetings meetings and minutes and minutes are recorded. are recorded.
The Committee
members
are:
Dr. Jagadish Bose
Mrs. Mita Rani Dash
Mr. Moneek Sembhi
Mr. Anbu Balakrishnan
Centre Manager
Centre Manager
is Ms Jessica Smith remaining		 in the position in this period. Sadique Deshmoor
stepped down
in August 2023.
Media and Community
Support		 Coordinator
The Media and Community
Support Coordinator		 Ms Jessica Smith remains in the position in this
period.

Unrestricted Restricted
funds funds Total funds Total funds
2023 2023 2022
Notes f
Income and endowments
from:
Donations and legacies
Other trading activities
Other		 6,044
3,53?
23,291		 40,989 47,033
3,537
23,291		 55,123
1,152
27,220
Total 32,872 40,989 73,861 83,495
Expenditure
on:
Charitable
activities
Other		 1,454
5,235		 48,448
51,203		 49,902
56,438		 33,340
45,421
Total 6,690 99,650 106,340 78,761
Net gains on investments
Net (expenditure)/income 26,183 (58,662) (32,479) 4,734
Transfers between
funds
Net (expenditure)/income
before other gains/(losses) 26,183 (58,662) (32,479) 4,734
Other gains and losses
Net movement
in funds		 26,183 (58,662) (32,479) 4,734
Reconciliation offunds:
Total funds brought
forward		 14,9D1 58,662 73,563 68,829
Total funds carried forward 41,084 41,Q84 73,563

2023 2022
E f
I Income 73,861 83,495
' Gross income for the year 73,861 83,495
I
', ': Expenditure 105,934 78,000
-' Depreciation and charges for
'' impairment offixed assets 406 761
', Total expenditure for the year 106,340 78,761
Net (expenditure)/income before tax
':. for the year (32,479) 4,734
i'; Net (expenditure )/income forthe year (32,479) 4,734

at 31March 202 3 3 3
Company
No.		 CE017877 Notes 2023 2022
f f
Fixed assets
Tangible assets 1,217 1,546
1,217 1,546
Current assets
Debtors 12 1,140 2,019
Cash at bank and in hand 42,591 73,193
43,731 75,212
Creditors: Amount falling due within one year 13 (3,864) (3,195)
Net current assets 39,867 72,017 ,
'
Total assets less current liabilities 41,084 73,563
Net assets excluding pension asset or liability 41,084 73,563:,
Total net assets 41,084 73,563
The funds ofthe charity
Restricted funds 14
Restricted income funds 58,662;
58,662
Unrestricted
funds		 14
General funds 41,084 14,901 ',
I
41,084 14,901
Reserves 14
Total funds 41,084 73,563
~ I Asian Association ofChesterfield
—North Derbyshire		 Asian Association ofChesterfield
—North Derbyshire
'. Statement ofCash flows
,
I
: forthe year ended 31March 2023
2023 2022
f
Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities (32,479) 4,734
Adjustments
for:
Depreciation
ofproperty,
plant and equipment		 406 761
Dividends,
interest and		 rents from investments (23,291) (27,220)
Other gains/losses
Decrease/(Increase)
in trade and other receivables		 879 (2,019)
(Decrease)/Increase
in trade and other payabies		 (1,331) 3,195
,. Net cash used in operating activities (55,816) (20,549)
Cash flows from investing activities
Payments
for property,		 plant and equipment (77) (1,690)
Dividends,
interest and		 rents from investments 23,291 27,220
Net cash from investing
activities		 23,214 25,530
I
:; Net cash from financing
activities
Net (decrease)/increase
in cash and cash equivalents		 (32,602) 4,981
: Cash and cash equivalents at the beginning
ofthe year		 73,193
Cash and cash equivalents at the end ofthe year 40,591 4,981
; Components
ofcash and cash equivalents
Cash and bank balances 42,591 73,193
42,591 73,193

Fund accounting Fund accounting Fund accounting Fund accounting
Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance of the
general objects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by		 the trustees for particular purposes.
Revaluation funds These are unrestricted
funds which include		 a revaluation reserve representing the
restatement
of investment
assets at their market values.
Restricted funds These are available for use subject to restrictions
imposed		 by the donor or through
I
terms of an appeal.
l
Income
Recognition of Income
is included
in the Statement of Financial Activities		 (SoFA) when the charity
income becomes entitled to, and virtually
certain to receive, the		 income and the amount of;:
the income can be measured
with sufficient		 reliability.
Income with related Where income has related expenditure
the		 income and related expenditure is
expenditure reported
gross in the SoFA.
Donations and Voluntary
income received
by way ofgrants, donations
and gifts is included		 in the
legacies the SoFA when receivable
and
only when the Charity has		 unconditional
entitlement
to the income.
Tax reclaims on Income from tax reclaims
is included
in the		 SoFA at the same time as the
donations and gifts gift/donation
to which it relates.
Donated services These are only included
in income (with an		 equivalent
amount
in expenditure)
and facilities where the benefit to the Charity
is reasonably
quantifiable,		 measurable and
material.
Volunteer help The value ofany volunteer
help received
is		 not included in the accounts.
Investment income This is included
in the accounts when receivable.
Gains/(losses) on This includes
any gain or loss resulting
from		 revaluing
investments
to market		 value
I
revaluation of fixed at the end ofthe year.
assets
Gains/(losses) on This includes
any gain or loss on the sale of		 investments.
investment assets

3 Statement Statement of Financial of Financial Activities - prior year
Unrestricted Restricted
funds funds Total funds
2022 2022 2022
Income and endowments from:
Donations and legacies 579 54,544 55,123
Other trading activities 1,152 1,152
Other 27,220 27,220
Total 28,951 54,544 83,495
Expenditure on:
Charitable activities 33,340 33,340
Other 28,301 17,120 45,421
Total 28,301 50,460 78,761
Net income 650 4,084 4,734
Net income before other
gains/(losses) 650 4,084 4,734
Other gains and losses:
::, Net movement in funds 650 4,084 4,734
Reconciliation offunds:
Total funds brought forward 14,251 54,578 68,829
Total funds carried forward 14,901 58,662 73,563
I 4 Income from donations and legacies
Unrestricted Restricted Total Total
2023 2022
5,343 5,343 4,577
701 40,989 41,690 50,546
6,044 40,989 47,033 55,123
', 5 Income from other trading activities
Unrestricted Total Total
2023 2022
3,537 3,537 1,152
3,537 3,537 1,152

Unrestricted Total Total
2023 2022
23,291 23,291 27,220
23,291 23,291 27,220
7 Expenditure on charitable activities
Unrestricted Restricted Total Total
2023 2022
Expenditure on charitable
activities
9,679 9,679 33,340
1,454 38,769 40,223
Governance costs
1,454 48,448 49,902 33,340
8 Other expenditure
Unrestricted Restricted Total Total
2023 2022
286 286
Employee costs 1,863 35,726 37,589 26,799
Motor and travel costs 68
Premises costs 1,478 10,199 11,677 10,417
Amortisation, depreciation,
impairment, profit/loss on 406 406 761
disposa
I offixed assets
General administrative costs 1,096 2,978 4,074 4,972
Legal and professional costs 38 2,300 2,338 2,472
5,235 51,203 56,438 45,421
9 Net (expenditure)/income before transfers
2023 2022
This is stated after charging: f .f
Depreciation of owned fixed assets 406 761
Asian Association ofChesterfield ofChesterfield - North Derbyshire
Notes to the Accounts
10 Staff costs
2023 2022
Salaries and wages 17,262 26,620
Pension costs 324
17,586 26,620
No employee received emoluments in excess ofE60,000.
The average monthly number offull time equivalent employees during the year was as follows:
2023 2022
Number Number
Administration
11 Tangible fixed assets
Fixtures,
Fitting and Total
Equipment
f
Cost or revaluation
At 1April 2022 3,064 3,064
Additions 77 77
At 31March 2023 3,141 3,141
Depreciation and
impairment
At 1April 2022 1,518 1,518
Depreciation charge for the 406 406
year
At 31March 2023 1,924 1,924
Net book values
At 31March 2023 1,217 1,217
At 31March 2022 1,546 1,546
:: 12 Debtors
t 2023 2022
f
Trade debtors 1,140 2,019
t
1,140 2,019
' 13 Creditors:
amounts
falling due within one year
2023 2022
f
Other taxes and social security 1,864 3,195
Accruals 2,000
3,864 3,195

Movement
in funds
Incoming
resources
(including Resources At 31
At 1April other
gains/losses		 expended March
2023
2022 )
f
Restricted funds:
Restricted income funds:
Various Grant Fund 1 36,573 (36,573)
Various Grant Fund 2 3,880 1,991 (5,871)
Various Grant Fund 3 11,599 8,804 (20,403)
Various Grant Fund 4 6,610 (6,610)
Various Grant Fund 5 3,190 (3,190)
Various Grant Fund 6 27,004 (27,004)
Total 58,662 40,989 (99,650)
Unrestricted
funds:
General funds 14,901 32,872 (6,690) 41,084 !,
Total funds 73,563 73,861 (106,340) 41,084 !
Various Grant Fund 3
Various Grant Fund 4
Various Grant Fund 5
Various Grant Fund 6
Analysis ofnet assets between
funds
Unrestricted
Total
funds
Fixed assets 1,217 1,217 '
I
Net current assets 39,867 39,867 '
41,084 41,084

At 31
At 1April March
2022 Cash flows 2023
f
Cash and cash equivalents 73,193 (30,602) 42,591
73,193 (30,602) 42,591
Net debt 73,193 (30,602) 42,591

Annual
co		 mmitments
under non-cancellable		 operating
leases are		 as follows:
2023 2023 2022 2022
Land and Land and
Other Other
buildings buildings
f
Operating leases with expiry date:
Pension commitments
2023 2022
f f
The pension cost charge to the company
amounted to: 324

Asian Association Asian Association of Chesterfield
Restricted		 Funds 2023
BTC Fund Fund Name 31/03/2021 Income Expenditure 31/03/2022 Income Expenditure 31/03/2023
Designated Fund 1 Reaching Communities 33733 45063 42223 36573 36573
Total 33733 45063 42223 36573 36573
Designated Fund 2 Community
Safety		 500 500 500
Kitchen Cafe 2000 2000 2000
Yoga 855 316 75 1096 1096
Kitchen
CRT		 119 119 119
Domestic Violence 909 909 909
Hate Crime 1500 1500 1491 2991
Meals on Wheels -3438 -3438 -3438
Saffron Kitchens 997 1536 -539 500 -39
COVID Funding 766 100 666 666
PC C Small Grant 1000 1000
Vulnerability
Grant		 2277 1000 2210 1067 1067
Total 7485 1316 4921 3880 1991 5871
Designated Fund 3 Discretionary
CBC		 7559 7559 7559
DCC -1584 -1584 4144 2560
DCC:Warm Space Grant 1000 1000
CBC Health 1212 375 837 837
Foundation
Derbyshire		 2772 240 2532 3010 5542
Carers: DCC 1375 1000 120 2255 650 2905
Total 11334 1000 735 11599 8804 20403
Designated Fund 4 Mental
Health		 2342 2342 2342
Lottery Grant -316 30 -346 -346
BMESitting Service 4772 1854 2918 2918
Neighbourhood 1078 1078 1078
RAD Christmas
Fund		 1315 697 618 618 0 i
Total 2026 7165 2581 6610 6610 0 c
Designated Fund 5 Arnold
Clark		 1000 1000
Coop Local Cause 2189.73 2189.73
Total 3189.73 3189.73
Designated Fund 6 Arts Council Grant 26004 26004
Feeding Britain 1000 1000
Total 27004 27004
Profit and Loss Profit and Loss
ASIAN ASSOCIATION OF CHESTERFIELD & NORTH DERBYSHIRE
For the year ended 31 March 2023
Administrative
Costs		 Desi nated Fund Desi nated Fund Desi nated Fund Desi nated Fund Desi nated Fund Desi nated Fund 6
Advertising
& Marketing		 286.00
Arts council England
grant		 8,037.10 8037.1
Audit &Accountancy
fees		 2,300.00 1000 1000 300
Bank Fees 243.69
Bengali NY 2022 Expenses 201.80
Cleaning 555.75
Dance Class Expenses 175.00
Depreciation
Expense		 405.81
Diwali 2022 Expenses 28,218.02 1573 5771 6000 3189.73 11000
Events Expenses 325.00
Foundation
Derby. Jubilee Fu		 949.05 949.05
Foundation
Derbyshire		 grant 240.00 240
Holi 2023 expenses 602.97 602.97
Insurance 591.95 585
ITSoftware and Consumable 439.48
Legal Expenses 38.00
Light, Power, Heating 2,422.36 1000 1000
Luncheon
Club Expense		 45.00 45
Meeting Attendance 70.00 70
Pensions Costs 324.09 324.09
Pdnting
&Stationery		 504.70 504.7
RAD Easter Activities 2022 e 352.74 352.74
Rates 1,499.20 1000 499.2
~ I Rent 7,200.00 2000 2000 2000 700
I Repairs
& Maintenance		 455.43 455.43
I Saffron Kitchen AA Expense 9,785.21 5000 1714.75 3002.52
I Safh'on Kitchen wages 18,582.51 12500 4500
Salaries 17,262.07 12500 4500
Sessional Worker Expense 1,125.00 1125
Staff Training 19.20
Tapton Lock Festival 2022 exI 800.00 800
Telephone
& Internet		 506.44 100
TIF Grant for Yoga (Aug 202( 100.00 100
Travel
—National		 67.64
Volunteer Expenses 276.80 276.8
Website 538.11 538.11
XERO subscription 552.66 552.66
Zoom Subscri
tion		 241.88 241.88
Total Administrative
Costs		 106340.66

Unrestricte Restricted
d funds funds Total funds Total funds
2023 2023 2023 2022
f
Income and endowments from:
Donations and legacies
5,343 5,343 4,577
701 40,989 41,690 50,546
6,044 40,989 47,033 55,123
Other trading activities
3,537 3,537 1,152
3,537 3,537 1,152
Other
23,291 23,291 27,220
23,291 23,291 27,220
Total income and endowments 32,872 40,989 73,861 83,495
Expenditure on:
Charitable activities
9,679 9,679 33,340
1,454 38,769 40,223
1,454 48,448 49,902 33,340
Total ofexpenditure
activities		 on charitable 1,454 48,448 49,902 33,340
Other expenditure
286 286
286
Employee costs
Salaries/wages 262 17,000 17,262 26,620,
Pension costs 324 324 I
Staff training 19 19
Temporary staff 1,582 18,402 19,984 179:;
1,863 35,726 37,589 26,799 ,'
Motor and travel costs
Travel and subsistence
68 68
Premises costs
Rent 500 6,700 7,200 10,417
Rates 0 1,499 1,499
Light, heat and power 422 2,000 2,422
Premises cleaning 556 556
1,478 10,199 11,677 10,417
'Detailed Statement of Financial Activities 'Detailed Statement of Financial Activities
General administrative
costs,
including
depreciation
and
amortisation
Depreciation
of Fixtures,
I
and Equipment		 Fitting 406 406 761
Bank charges 244 244
Equipment
repairs and
maintenance 455 455 960
General
insurances		 585 592 572
Software,
ITsupport
and
costs		 related 439 1,333 1,772
Stationery
and printing		 0 505 505 510
Sundry expenses 90
Telephone,
fax and broadband		 406 100 506 2,840
1,502 2,978 4,480 5,733
Legal and professional
costs
Accountancy
and bookkeeping		 2,300 2,300 2,472
Other legal and professional
costs 38
2,300 2,338 2,472
' Total ofexpenditure
ofother costs		 5,235 51,203 56,438 45,421
;, Total expenditure 6,690 99,650 106,340 78,761
Net gains on investments
' Net (expenditure)/income 26,183 (58,662) (32,479) 4,734
, , Net (expenditure)/income
other gains/(losses)		 before 26,183 (58,662) (32,479) 4,734
Other Gains
Net movement
in funds		 26,183 (58,662) (32,479) 4,734
: Reconciliation
offunds:
1
I Total funds brought
forward		 14,901 58,662 73,563 68,829
' Total funds carried forward 41,084 0 41,084 73,563