TRUSTEES ANNUAL REPORT FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
BOLTON HINDUS' AGE INSPIRATION CHARITY REGISTRATION NUMBER 1193340
BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
| CONTENTS | ||
|---|---|---|
| PAGE | ||
| REFERENCE AND ADMINISTRATIVE DETAILS | 1 | |
| OBJECTIVES AND ACTIVITIES | 2 | |
| ACHIEVEMENTS AND PERFORMANCE | 3 | |
| FINANCIAL REVIEW | 4 | |
| STRUCTURE, GOVERNANCE AND MANAGEMENT | 5 |
BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
FINANCIAL REVIEW
YEAR END POSITION
As at 31 January 2023 the charity had reserves amounting to £42,970 . The charity had £29,478 deposited at the bank with liabilities amounting to £16,431.
RESERVES POLICY
The charity has a policy of trying to maintain reserves at six months annual running costs.The trustees are actively working on the necessary resources to achieve that target.
PRINCIPAL SOURCES OF FUNDING
1.Bolton Hindus Age Inspiration is funded through grants and general giving. Our funders include grant making bodies, trust funds,businesses,temples,local organisations and individuals. We are indebted to our principal funders last year. These wre Bolton At Home ,Bolton Council and the Big Local Partnership.
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Last financial year , grant and non-contract income made up 67% of total funding. Contract income made up 16% of total funding. Donations and fundraising made up 17% of total funding.In the main the charity does not conduct any significant fundraising activity. Such funds are largely raised through unsolicited donations and fundraising activities undertaken by our supporters.
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This funding mix has supported some of our most critical services, providing food, other consumables, and support to benefit the most vulnerable and marginalised people in Bolton. Our work with temples and other small voluntary and community groups continues to providwe a vital lifeline reaching those who struggle to access mainstream support.
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Factors likely to affect future financial performance or position are reviewed at each trustee meeting alongside a review of performance against the original approved budget for the year in hand. Forecasts are amended as appropriate at such time. There have been no significant events that have affected our financial performance and position during the year.
5.We have reported an overall surplus for the year of £36,197. When added to our total funds brought forward of £6.773 reserves AT 31 January 2023 amount to £42,970. Of this £38,161 are Restricted Funds and £4.809 are Unrestricted Funds
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BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
STRUCTURE ,GOVERNANCE AND MANAGEMENT
The constitution is the governance documents of the charity.
Organisational Structure
Bolton Hindus' Age Inspiration is governed by its trustees who are responsible for setting the strategic direction of the organisation and the policy of the charity. The trustees carry the ultimate responsibility for the conduct of Bolton Hindus Age Inspiration and ensuring that the charity satisfies its legal and contractual obligations. The trustees meet quarterly and delegate the day to day operations to the centre coordinator.
Recruitment and Appointment of Trustees
Trustees are elected for three years at Annual General Meeting. The criteria, eligibility criteria and restrictions for the elections are as per the constitution. Induction packages and away day sessions are held to explain the policies and procedures for newly appointed trustees.
pecific training is planned for trustees however they are entitled to identify any training to improve their performance.
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BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
REFERENCE AND ADMINISTRATIVE DETAILS
TRUSTEES
Champaklal Gulabhai Mistry Bhagvatiben Parmar Jitendra Kumar Mistry Rasik Gulabhai Mistry
The above trustees were in office on 1 February 2022 and remained in office throughout the whole of the period under review.
CENTRE COORDINATOR
Meenakshi Manchanda
CHARITY NUMBER
1193340
REGISTERED OFFICE
Oddfellows Hall Rear 7 Bromwich Street Bolton BL2 1JF
INDEPENDENT EXAMINER
William Mc Carthy 22 Callis Road Deame Bolton BL3 5QA
BANKERS
Barclays Bank plc Victoria Square Bolton BL1 1RU
Page 1
BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
OBJECTIVES AND ACTIVITIES
To relieve the charitable needs of the elderly in the Borough of Bolton and the surrounding area in particular but not exclusively to those of the Hindu faith and their family and carers.
To provide for the public benefit by operating a day care facility and transport service and by providing advice and support as the Trustees deem fitting.
The principal activities of the Charity are to provide and assist in the provision of facilities for the recreation and leisure time occupation in the interests of social welfare for the inhabitants of Bolton and in particular older persons of Asian origin.At Bolton Hindus Age Inspiration we provide services and facilities for our users to get together for social interaction .Also we encourage social,educational,health promotion and craft activities which in turn encourages independence,healthy living and integration of communities. Activities include trips and excursions,armchair aerobics,computer and sewing classes and bingo sessions, park walks ,weekly shopping and English classes. These all help in achieving our objectives.
Our users are mainly local elderly Asian people but is open to all communities regardless of creed,colour or faith.All our activities are targeted for our users to live an independent, active and healthy life and are well attended.
The maintenance of our comprehensive range of activities is our number one priority. We have developed our services over the years to meet the changing needs of older people with a focus on providing holistic prevention and exercise classes. We fully support adult learning and have regular Computer and English classes delivered in-house with trained staff.
The trustees confirm that they have complied with the requirements of Section 4 of The Charities Act 2011 to have due regard to the public benefit guidance published by The Charities Commission for England and Wales.
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BOLTON HINDUS' AGE INSPIRATION TRUSTEES' REPORT PERIOD 1 FEBRUARY 2022 TO 31 JANUARY 2023
ACHIEVEMENTS AND PERFORMANCE
We provide the following services: English classes Art and craft Massage and holistic therapy Sound therapy Yoga Chair based excercises Local and overseas trips Empowerment Home visits Advocacy work Transport facilities Hot meals provision Befriending Hospital transport facilities Spiritual hymns Interpretation and translation services Health checks Indoor games and entertainment Information sharing sessions
The trustees confirm that they have complied with the requirements of Section 4 of The Charities Act 2011 to have due regard to the public benefit guidance published by The Charities Commission for England and Wales.
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UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
for
BOLTON HINDUS' AGE INSPIRATION (REGISTERED CHARITY 1193340)
W McCarthy Accountancy Services
22 Callis Road, Bolton. BL3 5QA tel 01204 654993
BOLTON HINDUS' AGE INSPIRATION
CONTENTS OF THE FINANCIAL STATEMENTS
| Page | |
|---|---|
| General Information | 1 |
| Accountant's Report and Client Approval Certificate | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
BOLTON HINDUS' AGE INSPIRATION
GENERAL INFORMATION FOR THE YEAR ENDED 31 JANUARY 2023
ADDRESS : Oddfellows Hall Rear 7 Bromwich Street Bolton BL2 1JF INDEPENDENT EXAMINER : Mr W Mc Carthy 22 Callis Road Deane Bolton Lancs BL3 5QA BANK : Barclays Bank plc Victoria Square Bolton BL1 1RU TRUSTEES : Champaklal Gulabhai Mistry Bhagvatiben Parmar Jitendra Kumar Mistry Rasik Gulabhai Mistry
Page 1
BOLTON HINDUS' AGE INSPIRATION FOR THE YEAR ENDED 31 JANUARY 2023
ACCOUNTANT'S REPORT TO BOLTON HINDUS' AGE INSPIRATION
In accordance with instructions given to us we have prepared without carrying out an audit the Annexed Accounts from the accounting records of Bolton Hindus' Age Inspiration and from information and explanations supplied to us.
W Mc Carthy 22 Callis Road Deane Bolton Lancs BL3 5QA
CLIENT APPROVAL CERTIFICATE
I approve the Annexed Accounts and confirm that I have made available all relevant records and information for its preparation.
Page 2
BOLTON HINDUS' AGE INSPIRATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2023
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| ANALYSIS OF INCOMING RESOURCES | |||||||
| Notes | Restricted | Non | Total | Restricted | Non | Total | |
| Restricted | Restricted | ||||||
| Grants | |||||||
| Bolton MBC | 23440 | - | 23440 | 9000 | - | 9000 | |
| One GM | 1000 | - | 1000 | - | - | - | |
| Bolton CVS | 1380 | - | 1380 | 14500 | - | 14500 | |
| Bolton at Home | 35250 | - | 35250 | 500 | - | 500 | |
| GMC | 750 | - | 750 | 1500 | - | 1500 | |
| 61820 | - | 61820 | 25500 | - | 25500 | ||
| Other Income | |||||||
| Donations | 12148 | 12148 | - | 1900 | 1900 | ||
| BHAI Limited | - | - | - | - | 2909 | 2909 | |
| 12148 | - | 12148 | - | 4809 | 4809 | ||
| Total Income | 73968 | - | 73968 | 25500 | 4809 | 30309 | |
| ANALYSIS OF EXPENDITURE | |||||||
| Direct Charitable Expenditure | |||||||
| Catering and Tiffin | 2922 | - | 2922 | 3274 | - | 3274 | |
| Support Costs | |||||||
| Administration Expenses | 1 | 23332 | - | 23332 | 14964 | - | 14964 |
| Establishment Expenses | 2 | 10668 | - | 10668 | 4778 | - | 4778 |
| Other Expenses | 3 | 849 | - | 849 | 520 | - | 520 |
| Total Expenditure | 34849 | - | 34849 | 20262 | - | 20262 | |
| Surplus for the Year | 36197 | - | 36197 | 1964 | 4809 | 6773 | |
| Total Funds brought forward | 1964 | 4809 | 6773 | - | - | - | |
| Total Funds carried forward | 38161 | 4809 | 42970 | 1964 | 4809 | 6773 |
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BOLTON HINDUS' AGE INSPIRATION
| BALANCE SHEET | ||||
|---|---|---|---|---|
| as at 31 January 2023 | ||||
| 2023 | 2022 | |||
| £ | £ | £ | £ | |
| FIXED ASSETS | ||||
| Property Improvements | 29923 | - | ||
| CURRENT ASSETS | ||||
| Cash at Bank and in hand | 29478 | 21549 | ||
| 29478 | 21549 | |||
| CURRENT LIABILITIES | ||||
| Accrued Expenses | 16431 | 14776 | ||
| NET CURRENT ASSETS | 13047 | 6773 | ||
| NET ASSETS | 42970 | 6773 | ||
| FINANCED BY : | ||||
| UNRESTRICTED FUNDS | 4809 | 4809 | ||
| RESTRICTED FUNDS | 38161 | 1964 | ||
| 42970 | 6773 |
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BOLTON HINDUS' AGE INSPIRATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
| 1 Administration Expenses Salary and National Insurance Printing, Postage and Stationery Telephone and Website Costs Accountancy Fees Volunteers Expenses Motor Expenses 2 Establishment Expenses Light and Heat Insurance Cost Kitchen and Repairs Rent 3 Other Expenses Sundry Expenses Bank Charges Page 5 |
2023 2022 £ £ 16170 9959 2363 2192 1184 1044 746 350 - 150 2869 1269 |
|---|---|
| 23332 14964 |
|
| 2023 2022 £ £ 4434 1291 748 394 286 3093 5200 - |
|
| 10668 4778 |
|
| 2023 2022 £ £ 746 458 103 62 |
|
| 849 520 |
|
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of Bolton Hindus Age Inspiration
On accounts for the year 31 January 2023 ended 1 and 2
Set out on pages
Charity no 1193340 (if any)
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2023 .
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: W R Mc Carthy Date: 12/06/2023
Name: William Robert McCarthy
Relevant professional qualification(s) or body (if any):
Address: 22 Callis Road Deane Bolton Lancs BL3 5QA
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
October 2018
1
IER
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER