REGISTERED COMPANY NUMBER: CE017877 (England and Wales) REGISTERED CHARITY NUMBER: 1183943
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025
for Asian Association Of Chesterfield & North Derbyshire
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
Asian Association Of Chesterfield & North Derbyshire
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Asian Association Of Chesterfield & North Derbyshire
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, 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).
The Asian Association of Chesterfield and North Derbyshire provides multi-faceted support and services to the community which include: Provision of information, advice on welfare, health & social issues, assist translations; Represent members views to statutory authorities and advise on community issues; Support domestic abuse victims, long-term carers; Develop improved links with the wider community; Combat discrimination through education & dialogue; through Saffron Kitchen provides hot, freshly cooked meals to vulnerable members in the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE017877 (England and Wales)
Registered Charity number 1183943
Registered office
Unit 3 Penmore Business Centre Hasland Road Hasland Chesterfield Derbyshire S40 1TW
Trustees
Mrs S Wells M Bose S Sinha Dr P Pobbathi C H Kocheta (resigned 19.1.2025) M Eley (resigned 19.1.2025) Dr I Roy (appointed 16.4.2025) DR S Joshi (appointed 23.4.2025)
Company Secretary
Mrs S Wells
Independent Examiner
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 1
Asian Association Of Chesterfield & North Derbyshire
Report of the Trustees for the Year Ended 31 March 2025
........................................................................ Mrs S Wells - Trustee
Page 2
Independent Examiner's Report to the Trustees of Asian Association Of Chesterfield & North Derbyshire
Independent examiner's report to the trustees of Asian Association Of Chesterfield & North Derbyshire ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Clare Farmer FCCA
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ Date: .............................................
Page 3
Asian Association Of Chesterfield & North Derbyshire
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,511 Other trading activities 2 17,719 Total 52,230 EXPENDITURE ON Operating, event and support costs 3 15,469 Other - Total 15,469 NET INCOME/(EXPENDITURE) 36,761 RECONCILIATION OF FUNDS Total funds brought forward 29,242 TOTAL FUNDS CARRIED FORWARD 66,003 |
Restricted fund £ 115,920 - 115,920 127,795 - 127,795 (11,875) 40,453 28,578 |
2025 Total funds £ 150,431 17,719 168,150 143,264 - 143,264 24,886 69,695 94,581 |
2024 Total funds £ 122,392 13,932 |
|---|---|---|---|
| 136,324 | |||
| 107,334 379 |
|||
| 107,713 | |||
| 28,611 41,084 |
|||
| 69,695 |
The notes form part of these financial statements
Page 4
Asian Association Of Chesterfield & North Derbyshire
Balance Sheet 31 March 2025
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 8 830 162 CURRENT ASSETS Debtors 9 17,782 40 Cash at bank and in hand 47,407 33,206 65,189 33,246 CREDITORS Amounts falling due within one year 10 (16) (4,830) NET CURRENT ASSETS 65,173 28,416 TOTAL ASSETS LESS CURRENT LIABILITIES 66,003 28,578 NET ASSETS 66,003 28,578 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 992 17,822 80,613 98,435 (4,846) 93,589 94,581 94,581 66,003 28,578 94,581 |
2024 Total funds £ 1,013 5,230 68,879 74,109 (5,427) 68,682 69,695 69,695 29,242 40,453 69,695 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
Asian Association Of Chesterfield & North Derbyshire
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. S Wells - Trustee
The notes form part of these financial statements
Page 6
Asian Association Of Chesterfield & North Derbyshire
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 charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings 25% on reducing balance Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Asian Association Of Chesterfield &
North Derbyshire
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. OTHER TRADING ACTIVITIES
| Fundraising events Saffron Kitchen Income RAISING FUNDS Raising donations and legacies Other operating costs Sundries Event costs Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery Other operating costs |
|
|---|---|
3. RAISING FUNDS
4. NET INCOME/(EXPENDITURE)
5. 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.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Administrative staff | 2 | 2 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
Asian Association Of Chesterfield &
North Derbyshire
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,916 120,476 Other trading activities 13,932 - Total 15,848 120,476 EXPENDITURE ON Operating, event and support costs 27,690 79,644 Other - 379 Total 27,690 80,023 NET INCOME/(EXPENDITURE) (11,842) 40,453 RECONCILIATION OF FUNDS Total funds brought forward 41,084 - TOTAL FUNDS CARRIED FORWARD 29,242 40,453 8. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 April 2024 3,141 130 Additions 240 - At 31 March 2025 3,381 130 DEPRECIATION At 1 April 2024 2,128 130 Charge for year 261 - At 31 March 2025 2,389 130 NET BOOK VALUE At 31 March 2025 992 - At 31 March 2024 1,013 - |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,916 120,476 Other trading activities 13,932 - Total 15,848 120,476 EXPENDITURE ON Operating, event and support costs 27,690 79,644 Other - 379 Total 27,690 80,023 NET INCOME/(EXPENDITURE) (11,842) 40,453 RECONCILIATION OF FUNDS Total funds brought forward 41,084 - TOTAL FUNDS CARRIED FORWARD 29,242 40,453 8. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 April 2024 3,141 130 Additions 240 - At 31 March 2025 3,381 130 DEPRECIATION At 1 April 2024 2,128 130 Charge for year 261 - At 31 March 2025 2,389 130 NET BOOK VALUE At 31 March 2025 992 - At 31 March 2024 1,013 - |
Restricted fund £ 120,476 - 120,476 79,644 379 80,023 40,453 - 40,453 |
Total funds £ 122,392 13,932 |
|---|---|---|---|
| 136,324 | |||
| 107,334 379 |
|||
| 107,713 | |||
| 28,611 41,084 |
|||
| 69,695 | |||
| Fixtures and Computer fittings equipment £ £ 3,141 130 240 - 3,381 130 2,128 130 261 - 2,389 130 992 - 1,013 - |
Totals £ 3,271 240 3,511 2,258 261 2,519 992 1,013 |
continued...
Page 9
Asian Association Of Chesterfield & North Derbyshire
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade debtors | 150 | - | |||
| Amounts owed by participating interests | 17,672 | 5,230 | |||
| 17,822 | 5,230 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 11) | 16 | - | |||
| PAYE, NI and Pension contributions | 311 | 811 | |||
| Wages control account | 2,249 | 2,456 | |||
| Accrued expenses | 2,270 | 2,160 | |||
| 4,846 | 5,427 | ||||
| 11. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank overdrafts | 16 | - | |||
| 12. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1/4/24 | in funds | 31/3/25 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 29,242 | 36,761 | 66,003 | ||
| Restricted funds | |||||
| Restricted | 40,453 | (11,875) | 28,578 | ||
| TOTAL FUNDS | 69,695 | 24,886 | 94,581 |
continued...
Page 10
Asian Association Of Chesterfield & North Derbyshire
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 52,230 Restricted funds Restricted 115,920 TOTAL FUNDS 168,150 Comparatives for movement in funds At 1/4/23 £ Unrestricted funds General fund 41,084 Restricted funds Restricted - TOTAL FUNDS 41,084 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 15,848 Restricted funds Restricted 120,476 TOTAL FUNDS 136,324 |
Resources Movement expended in funds £ £ (15,469) 36,761 (127,795) (11,875) (143,264) 24,886 Net movement At in funds 31/3/24 £ £ (11,842) 29,242 40,453 40,453 28,611 69,695 Resources Movement expended in funds £ £ (27,690) (11,842) (80,023) 40,453 (107,713) 28,611 |
|---|---|
continued...
Page 11
Asian Association Of Chesterfield & North Derbyshire
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/4/23 | in funds | 31/3/25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 41,084 | 24,919 | 66,003 | |
| Restricted funds | ||||
| Restricted | - | 28,578 | 28,578 | |
| TOTAL FUNDS | 41,084 | 53,497 | 94,581 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 68,078 236,396 304,474 |
Resources Movement expended in funds £ £ (43,159) 24,919 (207,818) 28,578 (250,977) 53,497 |
Resources Movement expended in funds £ £ (43,159) 24,919 (207,818) 28,578 (250,977) 53,497 |
|---|---|---|---|
| 53,497 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 12
North Derbyshire
Asian Association Of Chesterfield &
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Subscriptions Other trading activities Fundraising events Saffron Kitchen Income Total incoming resources EXPENDITURE Operating costs Other operating costs Sundries Event costs Other trading activities Purchases Other Social security Support costs Management Wages Staff training Pensions Casual wages Rent Rates and water Insurance Light and heat Telephone Postage and stationery Premises cleaning |
2025 £ 1,312 148,024 1,095 150,431 9,337 8,382 17,719 168,150 29,399 261 22,383 52,043 5,027 - 29,256 390 747 10,914 12,240 2,588 483 3,499 939 2,087 1,110 64,253 |
2024 £ 1,136 120,476 780 |
|---|---|---|
| 122,392 9,471 4,461 |
||
| 13,932 | ||
| 136,324 9,282 7,314 9,998 |
||
| 26,594 6,861 379 27,767 62 1,139 5,974 11,274 1,479 664 3,545 580 1,260 1,227 |
||
| 54,971 |
This page does not form part of the statutory financial statements
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Asian Association Of Chesterfield & North Derbyshire
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| Management Finance Fines and penalties Bank charges Fixtures and fittings Information technology Repairs and renewals Computer software & maintenance Other 2 Travel and subsistence Governance costs Legal and professional fees Accountancy fees Total resources expended Net income |
2025 £ - 19 260 279 1,949 1,929 3,878 14,620 600 2,564 3,164 143,264 24,886 |
2024 £ 200 - 204 |
| 404 132 1,572 |
||
| 1,704 14,340 - 2,460 |
||
| 2,460 | ||
| 107,713 | ||
| 28,611 |
This page does not form part of the statutory financial statements
Page 14