## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **TRUSTEES'REPORT** ## **AND** ## **FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED** **1ST OCTOBER 2023 TO 30TH SEPT 2024** **REGISTERED CHARITY NO: 1204261** 1 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **TRUSTEES' REPORT AND** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED** ## **1ST OCTOBER 2023 TO 30TH SEPT 2024** |**CONTENTS**|| |---|---| ||**Page**| |**Association information**|**1**| |**Trustees' Report**|**2-3**| |**Statement of Trustees' Responsibilities**|**4**| |**Independent Examiner's Report**|**5**| |**Statement of Financial Activities**|**6**| |**Balance Sheet**|**7**| |**Accounting Policies**|**8**| |**Notes to the Accounts**|**9-10**| 2 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **1ST OCTOBER 2023 TO 30TH SEPT 2024** ## **ASSOCIATION INFORMATION** LEGAL NATURE: Charitable Incorporated Organisation (CIO) CONSTITUTION ADOPTED: JUNE 2023 STATUS: REGISTERED CHARITY DATE OF REGISTRATION: 8TH AUG 2023 REGISTERED NUMBER: 1204261 TRUSTEES: Mr Ketan Jagjivan Ladd Mr Rameshlal Kaylan Mrs Geeta Chudasama Mr Rajesh Mistry Mr Ramesh Chhibabhai Lad OFFICIAL CORRESPONDENT: MR HARKISHAN MISTRY PRINCIPAL ESTABLISHMENT: 2, MILNES COURT BRADFORD BD6 3PR INDEPENDENT EXAMINER DEVSHI CHOTHANI c/o DBF ASSOCIATES CHARTERED ACCOUNTANTS STATUTORY AUDITORS SOUTH CHEETHAM BUSINESS CENTRE 10 PARKPLACE MANCHESTER M4 4EY 3 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **REPORT OF THE TRUSTEES 01 October 2023 TO 30 SEPTEMBER 2024** The trustees present their report along with the financial statements of the charity for the Period ended 30 September 2024. This report is prepared in accordance with the association's constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (issued in March 2005 and revised in May 2008), and have been adopted in preparing their annual report and financial statements of the charity. The trustees confirm their compliance with their duty under section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission. ## **Objects** The objects of the association, as laid down in its constitution, To promote the relief of elderly people, in particular the elderly Indian Gujarati, in any manner deemed by law to be charitable ## **Organisation** The association is managed by the SIX trustees listed on page 1. They meet regularly as a Trustees board. They are not subject to periodic re-election. They collectively manage the risks to which the association is exposed. Suitable controls and procedures have been implemented to mitigate these risks. ## **Achievements** We had a very successful Cruise to Italy with 46 member We had A Diwali party with 0ver 120 people at the Sheepscar Bar and Grill in Leeds ## **Financial Review** We had a surplus of £1828. There has been a large increase in meal contributions as our numbers on Wed and Friday sessions have increased considerably ## **Future Plans** To look into putting around £30,000 into a savings account. 4 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 30 SEPTEMBER 2024** ## **Investment Policy** The liquid assets of AMEC are in a current account and are risk free. This investment policy is reviewed annually. ## **Trustees' Declaration** In accordance with charity law, as trustees, we certify that:- So far as we are aware, there is no relevant financial information of which the charity's independent examiner is unaware. We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. ## **Independent Examiner** Devshi Chothani, Chartered Accountant, was appointed as the independent examiner of the association some years ago. He has expressed his willingness to continue in that capacity. ## **Approval of the Report** This report was approved by the trustees on 27th Feb 2025 and is signed on their behalf by:- ………………………………………………………..Trustee …………………………………………………Trustee Date………11/02/2025…………………. ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **FOR THE PERIOD ENDED 30 SEPTEMBER 2024** ## **Trustees' responsibilities in relation to the Financial Statements** The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required: - to select suitable accounting policies and then apply them consistently; - to make judgements that are reasonable and prudent; - to state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements; and - to prepare the financial statements on the on-going concern basis unless it is inappropriate to presume the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. In respect of the independent examination, the trustees have a responsibility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. 6 ## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF ANAND MILAN ELDERLY CENTRE (AMEC) FOR THE PERIOD ENDED 30 SEPTEMBER 2024** ## **Independent Examiner’s Report to the Trustees on the Financial Statements** **I, Devshi Chothani, report on the Financial Statements of the charity for the year ended 30 Sept 2024 as set out on pages 6 and 7 together with the notes on pages 8 to 10.** ## **Respective responsibilities of the Trustees and the Examiner** The charity’s trustees are responsible for the preparation of the Financial Statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility as the Independent Examiner: - a) to examine the Financial Statements under section 145 of the 2011 Act; - b) to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); - c) to state whether particular matters have come to my attention. ## **Basis of the Independent Examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commission. My examination includes a review of the accounting records kept by the charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required for an audit and consequently I do not express an audit opinion on the view given by the Financial Statements. ## **Independent Examiner’s statement** In connection with my examination no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - a) to keep accounting records in accordance with section 130 of the 2011 Act; and - b) to prepare Financial Statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act. - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached. ……………………………………………. Date 11thFEB 2025 DEVSHI CHOTHANI Senior Partner of DBF Associates Chartered Accountants 10 Park Place Manchester M4 4EY 7 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE PERIOD ENDED 30 SEPTEMBER 2024** |**NOTES**
**INCOMING RESOURCES FROM**
Charitable Activities
**2**
Generated Funds
**3**
**TOAL INCOMING RESOURCES**
**RESOURCES EXPENDED ON**
Charitable Activities
**4**
**TOTAL RESOURCES EXPENDED**
**Net Incoming Resources**
Movement Between Funds
**Net Movement in funds for the year**
Total Funds brought forward
**TOTAL FUNDS CARRIED FORWARD**||Unrestricted
Funds
£
34,582
15,235
49,817
47,988
47,988
1,829
-
1,829
55,255
**57,084**||Restricted
Funds
£
-
-
-
-
-
-
-
-
**-**|**Sep-24**
**Total**
£
34,582
15,235|**Sep-24**
**Total**
£
34,582
15,235| |---|---|---|---|---|---|---| |||||||| |||||||49,817| |||||||47,988| |||||||47,988| |||||||1,829
-| |||||||1,829
55,255| |||||||**57,084**| 8 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **BALANCE SHEET** ## **AS AT 30 SEP 2024** |**NOTES**
**CURRENT ASSETS**
Current Account
Cash in hand
**CURRENT LIABILITIES**
Creditors & accruals
**NET ASSETS**
**FUNDS**
Unrestricted Funds
General fund
**6**
Surplus for the year
**TOTAL FUNDS**|**01/10/2023 to 30/0**
£
£
56,644
800
57,444
360
**57,084**
55,255
1,829
**57,084**| |---|---| ||
£
56,644
800| ||| ||| **Approved by the management committee and signed on their behalf by:** **CENTRTE MANAGER TREASURER** 9 ## **ANAND MILAN ELDERLY CENTRE (AMEC)** ## **Notes forming part of the Financial Statements for the year ended 30 September 2024** ## **1) Accounting Policies** - a) The Financial Statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), and follow the recommendations in Accounting and Reporting by Charities; - _Statement of Recommended practice issued in March 2005 and revised in May 2008._ - b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. - c) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. - d) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable Vat which cannot be recovered. - e) Resources expended are allocated to the particular activity where the cost relates directly to that activity. - f) Resouces expended on governance costs are those costs derived from statutory or constitutional obligations placed on the charity. - g) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. - h) Designated funds are unrestricted funds ear-marked by the management committee for particular purposes. - i) Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. 10 ## **ANAND MILAN ELDERLY CENTRE (AMEC) YEAR END 30 SEP 2024 NOTES TO THE ACCOUNTS** ## **NOTE 2- INCOMING RESOURCES** **FROM CHARITABLE ACTIVITIES** ## **Sep-24** |Aarti
Meal & Public Meal Contribution
Trip Cost
Meal Delivery /Bought
Misc income
**Total**
**3-INCOMING RESOURCES**
**FROM GENERATED FUNDS**
Grant Received
Donations
Members' Subscription
Bank interest
**Total**|Unrestricted
Restricted
Total
£
£
£
2,411
-
2,411
23,292
23,292
4,970
4,970
2,837
2,837
1,072
1,072| |---|---| ||34,582
-
34,582| ||11,877
11,877
2,613
2,613
745
745| ||15,235
-
15,235| ## **NOTE 3-INCOMING RESOURCES** ## **FROM GENERATED FUNDS** ## **NOTE 4-RESOURCES EXPENDED** **ON CHARITABLE ACTIVITIES** |**Direct Costs:**
Transport
Hall hire
Wages
Food Cost
Insurance
Training
HMRC
Trips
Centre Activity
Dinner & Kitchen Expenses
Volunteers' Expenses
Donation
**Total**
**Support Costs:**
Cooker/Cooker Hood Funds
Accountancy
Misc
Sundry Expenses
**Total**
**Overall Total**|**2024**
£
637
7,500
20,065
5,867
185
249
1,779
5,075
4,780
387
1,073| |---|---| ||**47,596**| ||393
-| ||**393**| ||| ||**47,988**| 1,82911 **ANAND MILAN ELDERLY CENTRE (AMEC) 1ST OCTOBER 2023 TO 30TH SEPT 2024 NOTES TO THE ACCOUNTS** ## **NOTE 5 - MOVEMENTS IN RESTRICTED/UNRESTRICTED FUNDS** ## **Unrestricted Funds** |Incoming Resources
Resources Expended
Net Resources Expended
Funds at 30 SEP 2023
Funds at 30 SEP 2024|**Sep-24**
47,988
49,817
**General Fund**| |---|---| ||55,255
1,829| ||57,084| ## **NOTE 6- RELATED PARTIES** There were no related party transactions during the year. 12