Company Regéstralh)n No 877291 (England and Wales) Charty No. 248685 PAKISTANI RESOURCE CENTRE LIMITED ANNUAL REPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Hegl$tratlon No: 8T1291 Charity No: 248685
PAKISTANI RESOURCE CENTRE LIMITED CONTENTS Poge Reference and administralwe delals.....-..... Report of the Tnjstees A¢UnIOn1'S report Slalement ol financial activitie5 Balance sheet Notes to the luiancial slalements 9-15
PAKISTANI RESOURCE CENTRE LIMITED REFERENCE AND ADMINISTRATIVE DAlLs Legal ststus The Paslan1 Rosource Centre Limited k8 a Gompany limited by guaranlee and reglsl8red under the Companies Act 2006. 11 15 a registered charity INO. 2486851 and was established in 1966. In accordance with Its ArtleS of Assoolation the Cenlre has Truslees who conslltule dlr8clor8 01 Iho company lor Companies Act puOses. TNstè8S The fdlowing were Trustees during the year: S R Marfanl C Jammeh H Salim S Nevins One Ihiid ol the Trustees are re-elected al each Annul Gen8 Tal Meeting. Managomgnt Committee Slmon R Marlanl Chalrperson Celia Jammeh Expertise in social Wcfk and criminal justice system Hamlj A Salim General Secretary Sandra Nevins Phase Leader Secrelary Hamki Sdlm Company number 877291 Reglstered offlce 254a Finney Road Fir51 Floor Heard Green SK8 3QD Accountants Evelyn Partners IManchesleTI Limited Northern A&SUrae Buildings 9-21 Pilncèss Street Manchester M2 4DN
PAKISTANI RESOURCE CENTRE LIMITED REPORT OF THE 80ARO OF TRUSTEES FOR THE YEIJI ENDED 31 MARCH 2024 The Trustees present Ihe annual report and Ihe unaud((ed linan¢kql statements ot thè P8klstani Resource Centre Lirniled (the Centrel lor the year ended 31 March 2024 whh are also prepared lo m8et Ihe requir8m8nts lor a directors, report and accounts for Companies Act purpos9s. The tinancial statements have been prepared in accordance with the accounting policies sel out in the notes and ¢omplywilh the Charities Ac12011. the Companles Act 2006. the Memorandum and Artioles ol Association. and Accounting and Reporting by Chariti8s.- Slal8ment ol Recommended Practice applicable to charities p¥8paring their accounts in accordancg with the Financial Reptsrling Standard pliCable in the UK and Republic of Ireland IFAS 1021 lelleclive 1 January 20151. Struolurej governance and rnanageJTtent Goveming Document The Pakistani Resource Centre LiFnited is a colnpany limited by guarantee and regisler8d under the Companies Act 2006. regislratijn number 877291. 11 is a registered Charity. registrat number 248685. In accordance wlth section 60 01 the Companies Aol 2006. Ihe Genlre is exempl from rèqulrement 10 Includ8 the word°Limited" as a part of Ils name. The activities ol the Centre are goveTned by the objects sel out in the Memorandum ol Assock?b'on a1 the poIleS made from Iwn& lo tim8 by the Cenlre's Board ol Twslees. Reference and adminislralive detals about the Centre are gwen on page 1. RrUItmentndAppQinlenI ol Tiuslees The Cenlre is governed by its Board of TrusÈes Ith8 company direclorsl whh consists ol four mgmbeTS al the year end. The trustees whD seNed dkjring the year are sel out on page 1. The Iwsl&e5 are elected by the company at Ihe Annual General meeb.ng in accordance wrth the ArtKl&s of Assockgtion. One third ol the Iruslees are re*kcled al each general meeting. No outsKI8 party has a righ1, oontraolual OT olhgrwise. lo appolnt Iruslees. Trustee i17ductn and training An influction pack is availabl& to any n8w Irusl88 which includes a copy of 1he MgmoraTrJum a1 Art19$, a summary ol the charitls objectives, a copy ol the Charriy Commission's guide on Ihe duties ol a trustee and the most recent financial statements. Risk Man¢9gemenl The Management Commlttee has assessed the major rlsks lo which the Centre L8 eyosed, those related lo the operations and finances of the Centre and Is satislied that systems are In place to mitigate Ihose risks. Intemat control risks are mnimised by the inplementalion ol Procedures lor authorisalion of IransaclK)ns and major prolects are supervlsed by a Iruslee WheVer possiblè. organisatVIa1S1wC1u1e The Board of Trustees Is a$slsted by a Managemanl Commltlee In the dlscharge ol fts day to day functions. The MberS of the Board ol Trustees are Mr. S R Marlanl, Ms. C Jammeh, Mr. H Salim. and Ms. S Nevins. A full Ibl of the Truslees and the members ol ihe Management Commrtlee is glven on page 1. None ol the Trustees has or has had any interest in any contracts during the year.
PAKISTANI RESOURCE CENTRE LIMITED REPORT OF THE BOARD OF TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 StrucIu, govemance and management Iconiinuedl The Management Comsni1199 makes all th8 decisn5 regarding the Cenlre's fulure development. Mr. Tahlr Abbasl lakes responsibllty for the overall management of C8nlre. The Centre an equal opportunitS employer and tts recrutrnent and employment polKies are guided by this pr4)ciple. Oblgctlve8 and A¢tlvltlo8 The maln ObjecteS ol the Cèntre are to Prothe a culturally sensftlve and approprLqte sèrvic8 lo Ihg South Adan community in the fields of welfare, houshg, community care, n)enlal hèalth, education, employTnenldebl and lamlly k%sues. The Centre provKlps Advice and Infomiation on varK)us other issues lo hdp service users lo access mainstream services. The Centre has eypanded its target group lo all Black ancl Minority Ethni groups. Achlevernents and Perforniance Since COVKJ started n 2020 there has been incre0se in the number ol people acCesng the welfare sysl&m. Wè have noticed sharp r&8 in number of p8ople applying lor disability benelks. Cost ol INing has had detrim8nlal impact on peoples, INes since 2020. We managed lo secure a grant from Manchester City Council to wpport some of the vulnerable indivKluals and lamlies aCTOSS Manchester. We oller benelhs adviee over the phone and laeé-lo-face appointments at our office and Gorton Community Central. Wg have also s8cured grani lo prov9 Emotional Wèllbeing SeNice lo South Askqn communty in Manch8sler, funded by Greater Manchester ICB Ihtsgrated Care Board). Although we have not been succ8s51ul in securing fUting lor the Welfare Rights PTojecl, we continue lo provlde this sarvice on a voluntary ba5Ls from live various locations across Manchestsr and Traflord. We have seen direct impact of Brexit on our setViGe. During the year we have seen shary) rise in w@Ilare benelils claimants who have come to the UK from Ihe EEA IEuTop&an Econom Are81. Majorty ol the claims were for social housing, Universal Credit and school admL%slons. People came w¢(h Immkjrallon qu8rSes as well, bul they were slgnposled lo appropriato SerVe5. Publlc Benof5t The trustees believe that the aims, actNities and achievements Llescribed above ensure Ihat the C&n1re meets both the spirll and letter ol public benefit requlrements as Specffjed In Gharily Commission guidance. FinclaI Revièw The Cenlre contnues lo uidise ils reserves to maintan the standard of serwce delwery wlth The Trafford Borough Counel b81ng th8 key lunder. The day to day financial controls of the Centre are under the diTect SUFJeTvi%ion ol. and ar& monitored by, the Finance Sub-commillee of the Board ol Trustees. Annual budgets are prepared and approved belore the cornmencernent of each fiscal year and the actual Incomlng and oijtgoing resources are monitored quarterly. A provisbn lor deprecial¥Jn is made agalnst all fi>£d assets.
PAKISTANI RESOURCE CENTRE LIMITED REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 91 MARCH 2024 Results tor ihg yoor The slalemenl ol financkal activities lor the year is sel out on page 7. Diiect charilablè e>p8nditure corresponds lo the grant lunded aclNity. The nel oulgolng resources on unrestric1ed funds loi year amounted lo £10.22512023 - £29.0401, whrh was deducted from the Opening baSancp on the general fund. Nel oulgoing resources on Ihe reslricled funds amounted lo incomng of £11,67812023- inMing £2.6401. There is no transfer this y8ar12023 - nil) Irom the unrestricted fund to reStrted funds. vements on funds oan be seen In note 10 to th8 Ilnanclal slalements. Investment Policy The C8ntrg doos not Invest any ol ts funds olher than placing any surplus lunds on deposi( in an inlerest-bearing bank account. Resetves Policy The Cenlie recognises that as a charitable organisation, ts ability lo Carry out rts oblyalions and responsiblilies is dependent upon aéequale fundlng. Most ol the Centre's tunding is awarded an annual or medium-lerm bas. 11 is therefore necessary lo hold reserves lo meet the ongo financial commthents so Ihal.. In the event ol the Cenlre losing a substanllal grant there are sullicienl funds to SUPPOrt the service thil& allernal¢ve fLtnds are identifd and secured. There are sufficient funds to meet the lunding shortfalls. The¥8 are suff 181 funds to s&ttl& lh8 C8nlre's slalulory and conlraciual obllgati)ns in terms ol the projects hand and towards Ils staff . Whllsl the Centre holds unrestricted lunds of £61,352 ItS includes £1.130 relating to Ilxed assets, its Iree reserves are therefore £60,22212023 - £49,8011. Plans lor Futufe Periods The Centre will continue lo apply lor funding aTrJ grants to maintain cUrt s&Nices and start new projects. We will actively look al recruitlng volunle&rs as well as new commfllee members to bring tresh Kleas to the Cenlre. The overall aim Is lo sustain the Centre for years to come and lo equip ourselves lo lace Ihe chaltenges ol Ihe Changlng dYnaMS of ¢haritabk and voluntary sector.
PAKISTANI RESOURCE CENTRE LIMITED REPORT OF THE BOARD OF TRiISTEES FOR THE YEAR ENDED 31 MARCH 2024 Respon$lbllltle$ of tho Board of Trustees The Trustees (who are also directors ol Pakistani Resource Cenire Lknffed lor thè purposes ol ¢ompany lawl are responsit)le lor preparing the Trustees, Annual Report and the financial slalements in accordance wtth applicable law and Uniied Kingdom knounting Stsndards Iuniled Kingdom GeneTalty Accepted Aonng Pract8). Company law requires the Tnjslees to prepare financial slalemenls for each ti8¢al year which gNe a true and fa Vk9W ol the slate ol aNairs ol the charitable company and ol the incoming resources and 3pplicalKJn ol resources, includng the income and expendlture. ol the charrtable company lor the year. In preparing Ihe linanci?I statgmgnts tho Board ol Tnjslees is required to.. Select sullable accounting policles and aWy them consislenly Observe thg metrods and principles ol the Charities SORP 2015 IFRS 1021 Make jud9menls and ostimales that aTe reasonable and pnjdenl Slate whether applicable accounts.ng StarardS have trRen lollowed. subject lo any material departures disolosed and ewlain8d in the financial statements Prepare the financial sialemants on th8 golng conGem basls unless il is inappropriale to assume that ihe Charitablg Company will continue in operation. Th& Trustees are responsible for keeping adequate accounting records whrh disc10s9 With reasonable accuracy alany lirne the financial position olthe charitable company and enable them lo ensure that the hnanckql slalerngnls comply wf(h the Companies Act 2006. They are also responsible lor 5aleguarding the assols ol Ihe charrtable company and hence lor taking reasonable steps for the prevenlion arKJ deteclDn ol Iraucl and oth irregularilitss. Small Company Provislons The r8POrt has been PTgpared Tr) accordan with the s all companies, regime under the Companias Act 2006. Approved by the Board ol Trustees on zC.124tyL4 SiJned on behalf ol Board ol Trustees. H Sallm TTUSteè
PAKISTANI RESOURCE CENTRE LIMITED CHARTERED ACCOUNTANCT'S REPORT TOTHE BOARD OFTRUSTEES ON THE uNAUDED FINANCIAL sTATEmETrs OF PAKIST ANI RESOURCE CENTRE UmED In order lo assist you lo lulth your dut$ under the Companies Act 200S, we have prepared lor your approval the financial statements ol Pakislani Resource Centre LITnited for the year ended 31 March 2024 1¢h comprise the Slalemenl ot Financial Aclwities, Balance Sheet and the i&Laled notes from the companys accounting records and froyn inloymalion and explanations you have given us. As a PTactrtng member fimi ol Institute of Charteted Accountanls in England and Wales IICAEW}, we are subjecl to its ethal and othbr PTolessional requirements which are detailed wllhin the ICAEW'S regL¢latiolls and guidance al hUpJlwww.Ica&w.(xJmlenlmembershiplregulalions-slandards-and-guKlance. Thls report made 501ely to the Board of Trustees of Paklslanl Resource Cenlie LSmiled, as a body, in accordanc8 wilh our terms of engagement. Our work has been undertaken solely to prepare lor your approval the linan¢ial slalements ol PalÉislani Flesource Centre Limited and slate those matters that we have agreed to slate lo the Board ol Diiectors of Pakistani Resource Centre Limited, a5 a body, in this rewrt in accordance with AEW Technical Release 07116AAF. To the fullest ex18nl permilled by law, we do not accepl or assume Tesponsibllily to anyone olhei than Pakistani Resource Centre Limited and its Board ol Trusl8ps, as a body, Ipr our work or lor this report. k your duty lo ensure that Pakistani ResrAJice Centre Limited has kept adequa(e a¢counilng r8cords and to prepare slalulory linanclal $latements that give a true and lair vi8w ol th& assets, liabililies, linancral position and loss ol Pakislani Resource Centre Limited. You cOnser that Pakistani Resource Centre LKn(ied is exempl from tre stafvtory audit requirement for Ihe year. W8 have not bean instructed to carry out an audit oi a review ol the financial statements ol Pakistani Re50urcp Centre Limited. For this reason, we have not verIfd the accuracy or completeness ol the accounting records or information and e>planations you have given lo us and we (jo not. IhereloTe, express any opink)n on the slalulory financLql statements. Evelyn ners Imancheslgrl Llmligd Northern Assurance Buildings 9-21 Princess Street Manchester M2 4DN ?/ii /z4-
PAKISTANI RESOURCE CETrrfRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES {includlng Income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2024 Aeatrlcled Unregtrlcled Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 INCOMING RESOURCES Incoming msourtes from charitable activllies Grants and contracts 42,147 14.501 36,385 Miscellaneous Income Totsl Incomlng resources 42,147 14.501 56,648 36,385 RESOURCES EXPENDED Charltable Actlvltles 153,8251 14.2761 {58.1011 162.7851 Governance Costs Total resources expended 53,825 58,101 62.785 Net (Oulgolngl Resources bgfore transfers for the year Gr05s transfers belwe8n tunds Net movement In funds - nel {expendhurel for the year Opening funds broughl forward Closlng funds carrled forward 111.6781 10.225 11.453} 126,4001 111,678} 46.649 10.225 51.127 61.352 (1.453) 126.4001 97.777 124,177 96.324 97,777
PAKISTANI RESOURCE CENTRE LIMITED (CO NO 877291) BALANCE SHEET AS A T 31 MARCH 2024 2024 20¥J Notes Flxed assets Tangible assels 1,130 1.326 Current assots Deblors Cash al bank and in hand 620 96.902 98,297 97,522 98,297 Creditors: amount5 falling due wlihin one yèar 1,846 Net current assets 96,451 Net assets 96,324 97.777 Funds Restrlcted funds Unreslrlcted funds Designated lunds FaiT value reserve Goneral fund 79.108 46,649 17,216 51,128 96,324 Th888 accounts have been prepared In accordance with the provlsions applicable to companies subject to the small companies regime and in accordance with Section 1A ol Financial Aeporting Standard 102. For the year ending 21 March 2024 the company was enlilled to exemption under saclion 477 01 the Gompanies Act 2006 relating to small companies. The members hav& not requireLI the company lo oblaln an aLrdil In accordance with secllon 476 of the Companies Act 20D6. The directors acknowledge their responsibilities for complwng wilh th8 requirements of the Acl with respgct to aCuntIng records and the preparallon of accciunls. The financial stalemènls wère approved by the Trustees on H Salim Director
PAKISTANI RESOURCE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢cDuntlng pollclgs 1.1 General Infomiatlon The charity is a private company limited by guarantee Incorporated In England and Wales (company number 877291, charity number 2486851. The charity's registered office and plac8 01 business is Emery House. Suite 2a. 195 Fog Lane. Mancheslgr M20 6FJ. 1.2 Accountlng conventlon Thg financial slalements cover the individual charity and are prepared under the historical cost convention with the exceplicbn ol the revaluation ol inveslrnenl property and in a¢oordan¢e with Accounting and Reporting by Charltles.. Statement ol Recommended Practice applicable lo Charities pre aring their accounts in accordance with the provisions ol Section 1A "Small Entities" of Financial eporling Slanda¥d 102 'The Financial R8pDrting Standard applicable in the UK and Republic ol Ireland" anil Ihe Companies Act 2006. The charity constitutes a public benelfl entity as dellned by FRS 102. 1.3 Crlllcal accountlng ludgemenls and key sources ot estlmatlon uncertalnty The preparation ol the linancial slalemenls in accordance with Section 1 A ol Flnanclal Reporting Standard 102 requires the use ol certain critical accounting eslimales. 11 also requires the Trustees lo exercise their judgement in the process ol applying the charity's accounting policias. The charity 15 not currently considered to have any critical accounting estimates or Sudoemenls. 1A Golng concern The financial slalments have been prepared on a going concern basis. The Trustees have reviewed and considered re5evanl information, including Ihe annual budget and Ilrture cash flows in rnaking their assessment. 1.5 Incomlng resources and debtors is All incoming resources are included in the Slalemenl ol Financlal Activitie5 when the charillhe 8nlilled lo the income and the amount oan be quanlilied with reasonable accijracy. following specilic policies are applied lo particular categories ol inGome. Voluntary incorne is recee by way ol grants. donations and gills and is Included in lull in the Statement ol Financial Activities when rec8ivab18. Grants where enlillèmenl is not conditional on the dolivery ol a specilic performance by the charity, ar8 recognised when the charity becomes unconditionally entitled to the grant. Donated lacililies, serviS and adminislralion assistance are included al Ihe valuè to the charily where Ihis can be quanlilied and a third paty is bearing the cost. No amounts are included ITr the financial statements lor services donated by voluntéers. Investment income is recognised on a r9ceivablg basis. Income from charitable activities inGluding income received under contract or where enliilemenl lo grant funding Ss subject lo specific pertOTmance conditions, Ss recognised as earned las the related services are provided). Grant income included in this ealegory provKles funding lo provide welfare and support services and is recognised where Ih¢re Is entstlemenl. certainty ol rgceipl and the amount can be measured with sufficient reliability. Income is deferred when granis are receSved In advance of the service to be provided and accrued when received in arrears. Prepayments are valu8d al the amount prepwd aller taking aecounl ol any discounls ollered.
PAKISTANI RESOURCE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDEO 31 MARCH 2024 Aecountlng policigs (contlnuedl 1.6 Resources expended and crgdliors Expenditure is recognlsed on an accruals basis as a liability Is Incufred. Charitable expenditure comprises those sts incurred by the charity in the delivery ol its activities and services lor ils beneficiaries. 11 includes both costs that can be allocated diieclly lo such activities and those costs ol an indirect nature n8¢essary lo support thgm. Governance costs include those costs as50cial8d with megling the conslilutional and stalulory fequiremgnts ol tho ¢harily and in¢ludg Ihg audit lees and costs linked to Ihg Stralegic management ol th8 chaTIty. Fixed assets purchased out ol specitic oranls lor that purpose are written oll as direct charitable expenditure In the year ol purchase. Rentals payable under operating leases are charged as incuTred The C8ntre Is not regi8ler8d lor VAT and accordingly expendllure is shown gross of Irrecov8rable VAT. Creditors and provisions are recognised where the charity has a present obligation r8sulting Irom a past event that will probably result in the transfer ol funds to a third party and the amount due lo sett5e the obligation can b8 measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount alter allowing lor any trade discounts due. 1.7 Flxed Assets Fixed assets are staled al cost less accumulated deprecialio. Cost includes the original purchase rice and costs directll allribulable lo bTinging the asset lo its working condition lor ils intended use. ere is no liiriil below which fixed assets are capilalised. Depreciation is provided al rates calculated lo write off the cost ol each asset over ils eslimaled useful life. Fixtures, fittings ané equipment 15°h straight line on cost 1.8 Fund Accountlng Unrestricted funds ar8 available lor use al Ihg di8¢rel#)n ot the Trustees in lurtheTance ol the oeneral objecllves ol the Cenlre. Restricted funds are subject lo specific reslriclive condition5 imposed by donors. The purpose and use ol the restricted funds are sel out in the notes lo the financial slalemenls. 10
PAKISTANI RESOURCE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {¢ontlnLwd) 1.10 Flnanclal Inslruments The comDanv has chosen to adoDt Sections 11 and 12 al FRS 102 in rèstsaet ol linancSal instruments. lil Financial assets Basic financial a5Sats. including other dèbtors and cash and bank balances, are initially recognised at transaction price, unles5 the arrangernent constitutes a financing transaetion, where the transaction is tneasured al the psent valuo ol the lulure rec61pls discounted at a market Tate ol interest. Su¢h assgts are ¥ubs8qu¢ntly carriad at arnortisad cost uslng thè èffgctive Interest method. There are no assets which are initially measured at falr value. Bastc financial liabili11gs, including trade and Olher credilors. are initially rècognlsed at transactK•n price, unl8ss the arrang8m6nt ¢onstitutes a fi'nancing transaelion. where the debt instrurnent rnga$urÈd at the presenl value ol the lulure receipts discounted al a market rate ol inlere5t. Debt instruments are subsequently carried at arnorti8ed eost. Using thè èftactSve Intarest rat8 rnethod. Tratje creditors are obligations to pa for oods or servlc85 that have beèn acquired In Ihg ordinary course ol business Irotn su iers. il payment Is due within ona yèar or ceounts payabl6 ara classified as current liabilitigs ss. 11 not. they are presentod as non-currenl liabilities. Net oulgolng resources 2024 2023 Net outgolng resour$ are slaled after charging- Rèporting ac¢guntants 188S Df pre¢iaiion of tsngib18 ass•ts 2.970 196 2,325 191 Incomlng Resources from Acllvllles to further the Charlty'$ Oblgels Reslrlcled Unre8trl¢ted 2024 Tolal 2023 Total Grants and contracts Aue UK Trafford MBC Manchester BME GMCVO HMPPS Manchester Cfty Councl Health Educatlon HhARC JRS Grant Covld 19 Response 300 15.147 3,800 10.168 25,147 25,147 4,150 10.351 4,150 10.351 17,000 17,000 6,970 Other Incorne Sundry income Consultallcy income
PAKISTANI RESOIJRCECErifRE LIMITED 7ESTOThEBXIIXIILSTA7WIEiif$ (C0NNLED> FOR TItEYEIREMDED31 WARCH1024 Fund •kMh Ta¥1 BMENl Tvphllr¢ nT (XliO•ttT rAI1 8Lwbrt¢¢liMÈt•d 5.133 7,521 555 41.750 2.97 nn¢y 8ubJBrlWIy 267 Insu 7a 4kW 4.163 378 ToTdR¥suw(uEYpEr4lld 5&101 AlLI• FunJi fftd$ Df GF4VCO StM¢Ds 8hlENel Tial&wd 761 T•wnè Dlwl 001¢1 pport¢Q41••lb¢4 41ty Athiiv 2267 Jfftji Pwwnla 423 74 62 InÉunr*4 124 z74 101 l.F42 2.•70 1297 26 E2.715 12-
PAKISTANI RESOURCE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS IcoHnNUEDI FOR THE YEAR ENDED 31 MARCH 2024 Tanglble flxed assets Flxtures flttlngs & equlpmént Totol Cosl or valuatlon As at 1 Apol 2023 Additions As al 31 Mar¢h 2024 16,134 16,134 16,134 16,134 Depre¢latlon As al 1 April 2023 Depreciation Charge As at 31 March 2024 14,808 196 15,004 14,808 196 1 S.004 Net book value As at 31 March 2024 1,130 1,130 As a131 March 2023 1.326 1,326 6 Deblors 2024 2023 Other debtors Taxation and so¢lal security 620 620 Credltors: amoun1$ f4lllng duo wllhln one y*ar 2024 2023 Olher cradllors 2,326 2,326 1,846 1,846 Analysis of Net Assets between Fund$ 31 March 2024 Unre8trlcted Restrfcted Funds Funds Totsl Fund9 Tanglble Flxed Assets Current Assets Current Llabili11oS Nel A55gt$ at 31 Mai¢h 2024 1.180 18,413 2.326 17.217 1,130 97,521 2.328 96,325 79.108 31 Uar¢h 2023 Unre$trlCl Hulrlcted Funds Funds Total Funds Tangible Fixed Assets Current Assets Currenl abIlItieS Nel Assets at 31 March 2023 1.326 51,648 1.846 51,128 1,326 98,297 1,846 46,649 46.649 13
PAKISTANI RESOURCE CEprrRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Movements In Funds Incomlng Resources Outgolng Translers At 31 arch Resources 2024 2023 RestTlct•d Funds TraftLird Carers Manchester Cily Covncil Tolal restricle(I funds Unrestricted Funds Fair valug reseNe General Fund 46,649 25,147 17,000 9,688 62,108 17,000 79,108 51.127 14,501 48,412 17,216 Tot81 unreslrffctedlunds 51,127 17 16 Total Funds 97,776 96 324 Al 1 Aprll 2022 Incomlng Resources Oulgolng Transfers Al 31 Mai¢h Resources 2023 Restrlcled Funds Traftord Carers 44,009 15,147 12,507 46,649 Total restrlcted luncls Unrestrleted Fund$ Fair value resetve Ggnèral Fund 44,009 15,147 12.507 80,168 21,238 50.278 51,128 To131 unrestricted lunds 51.128 Total Funds 124,177 36,385 62.785 Tha rastrictèd lunds represent: al Trallord Carers- lo provide shorf trKeaks lor carers. 10 Members, Ilablllty The cofflpally Is litnilgd by guafanfee and has no sharè ¢apltsi. Thè liability ol Iha mombers is limited to £1. 14-
PAKISTANI RESOURCE CENTRE LIMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Staff costs 2024 2023 Wages and salari9S Pension c051s 41.939 555 42,494 46,482 607 No No Average number ol employees dirèct administration No employees received emoluments exceedin expenses are paid lo any Trustee or member ol t £60,000 12024 none)- No remuneration or ¢ Management Commitlee12024 none). 12 Rèlated party transactions There were no transaction5 or balances with related partles during the year.