**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: 1. 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 3. 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 4. 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 Page 13 ## 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