**REGISTERED COMPANY NUMBER: 01574594 (England and Wales) REGISTERED CHARITY NUMBER: 284745**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2021**
## **for**
## **ANGLO-INDIAN CIRCLE LIMITED**
Ace Associates (UK) Limited T/A Ace Accountants 44 Hartford Avenue Kenton Middlesex HA3 8SY
**ANGLO-INDIAN CIRCLE LIMITED**
## **Contents of the Financial Statements for the Year Ended 31 March 2021**
|||**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|10|
|**Detailed Statement of Financial Activities**|11|to|12|
## **ANGLO-INDIAN CIRCLE LIMITED**
## **Report of the Trustees for the Year Ended 31 March 2021**
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 2021. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives for which the charity is established are:
- To promote any charitable purposes in particular the relief of poverty, hardship, hunger and distress;
- the advancement of education and research;
- the promotion of the Hindu religion.
In all aspects of the work undertaken by the charity the trustee have had regard to the guidance of the Charity Commission on public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity carries out a range of activities in pursuance of its charitable aims.
The Trustees consider that the activities, summarised below, provide benefits to the members of the local community.
## Health, Education & Welfare:
The charity runs badminton sessions (every week) at a local sports centre and during the year it saw a steady increase of take up in this activity. These sessions offer a focal point for members of the local community and help to improve the health and wellbeing of the users.
Religious activity: The Charity celebrated Festival of Diwali and held one spiritual session.
Community Support Activities: The charity continues to assist small local groups by providing free use of its premises and offering advice and guidance.
## Merger / Dissolution
Sangat Avice Centre activities merged with Anglo Indian Cirlce on 1 April 2020 following Trustees approval for the merger and Dissolution. Anglo Indian Circle and Sangat Advice Centre, have been established for exclusively charitable purposes.
Both Charities have similar purposes, aims and objectives. Covid 19 impacted Charity activities during the year but some activities were performed under the guidance from health authorities.
## The Aim:
The aim is to better meet the needs of the beneficiaries and users of both the charities and make best use of their charitable funds and property.
Sangat Advice Centre has merged with Anglo-Indian Circle and both will operate under one brand - Sangat Centre - by dissolving and transferring the assets to Anglo-Indian Circle on 1 April 2020. It was approved to merge all Assets and Liabilities of Sangat Advice Centre Ltd with Anglo Indian Circle Ltd on 01/04/2020.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a Constitution, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
01574594 (England and Wales)
Page 1
## **ANGLO-INDIAN CIRCLE LIMITED**
## **Report of the Trustees for the Year Ended 31 March 2021**
**Registered Charity number** 284745 **Registered office** 28a Sancrft Road Harrow Middlesex HA3 7NS
**Trustees** D Shah Mrs V Varsani H B M Karsan P Ranpura Director H Patel Director Ms D Champaneria Director **Company Secretary** K Nagda
**Independent Examiner** Vijay Amin FCCA Ace Associates (UK) Limited T/A Ace Accountants 44 Hartford Avenue Kenton Middlesex HA3 8SY
Approved by order of the board of trustees on 8 November 2021 and signed on its behalf by:
P Ranpura - Trustee
Page 2
**Independent Examiner's Report to the Trustees of ANGLO-INDIAN CIRCLE LIMITED**
## **Independent examiner's report to the trustees of ANGLO-INDIAN CIRCLE LIMITED ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
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.
Vijay Amin FCCA Ace Associates (UK) Limited T/A Ace Accountants 44 Hartford Avenue
Kenton Middlesex HA3 8SY
9 November 2021
Page 3
## **ANGLO-INDIAN CIRCLE LIMITED**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charity
Governance costs
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**49,108**
**73,566**
**6,000**
**201,185**
**329,859**
**322**
**118,437**
**14,195**
**132,954**
**(1,520)**
**195,385**
**1,005,433**
**1,200,818**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.3.21**
**Total**
**funds**
**£**
**49,108**
**73,566**
**6,000**
**201,185**
**329,859**
**322**
**118,437**
**14,195**
**132,954**
**(1,520)**
**195,385**
**1,005,433**
**1,200,818**|31.3.20
Total
funds
£
716
101,850
8,873
-
111,439
2,062
108,316
13,571
123,949
(2,400)
(14,910)
1,020,343
1,005,433|
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
## **ANGLO-INDIAN CIRCLE LIMITED**
## **Balance Sheet 31 March 2021**
|Notes
**FIXED ASSETS**
Tangible assets
8
Investments
9
**CURRENT ASSETS**
Prepayments and accrued income
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**454,344**
**90,285**
**544,629**
**3,410**
**661,786**
**665,196**
**(9,007)**
**656,189**
**1,200,818**
**1,200,818**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.3.21**
**Total**
**funds**
**£**
**454,344**
**90,285**
**544,629**
**3,410**
**661,786**
**665,196**
**(9,007)**
**656,189**
**1,200,818**
**1,200,818**
**1,200,818**
**1,200,818**|31.3.20
Total
funds
£
459,027
91,805
550,832
539
549,394
549,933
(95,332)
454,601
1,005,433
1,005,433
1,005,433
1,005,433|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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
Page 5
continued...
## **ANGLO-INDIAN CIRCLE LIMITED**
## **Balance Sheet - continued**
## **31 March 2021**
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 8 November 2021 and were signed on its behalf by:
D Shah - Trustee
P Ranpura - Trustee
The notes form part of these financial statements
Page 6
**ANGLO-INDIAN CIRCLE LIMITED**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
Land and Buildings - 2% on cost. It was agreed not to depreciate the asset in this year. Plant and machinery etc -20% on reducing balance
## **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.
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
|Hire of Hall
Fees|**31.3.21**
**£**
**-**
**73,566**
**73,566**|31.3.20
£
3,910
97,940|
|||101,850|
continued...
Page 7
**ANGLO-INDIAN CIRCLE LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **3. INVESTMENT INCOME**
|**3.**|**INVESTMENT INCOME**|||
|---|---|---|---|
|||**31.3.21**|31.3.20|
|||**£**|£|
||Investment income|**3,517**|3,842|
||Deposit account interest|**2,483**|5,031|
|||**6,000**|8,873|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||**31.3.21**|31.3.20|
|||**£**|£|
||Depreciation - owned assets|**13,322**|498|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Staff
No employees received emoluments in excess of £60,000.
**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charity
Governance costs|**ACTIVITIES**
Unrestricted
fund
£
716
101,850
8,873
111,439
2,062
108,316
13,571||**31.3.21**
**2**
Restricted
fund
£
-
-
-
-
-
-
-||31.3.20
2
Total
funds
£
716
101,850
8,873|
|---|---|---|---|---|---|
||||||111,439
2,062
108,316
13,571|
continued...
Page 8
**ANGLO-INDIAN CIRCLE LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2020
Additions
At 31 March 2021
**DEPRECIATION**
At 1 April 2020
Charge for year
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|**ACTIVITIES -**
Unrestricted
fund
£
123,949
(2,400)
(14,910)
1,020,343
1,005,433
Freehold
property
£
**557,016**
**-**
**557,016**
**100,262**
**6,684**
**106,946**
**450,070**
456,754|**continued**
Restricted
fund
£
-
-
-
-
-
Fixtures
and
fittings
£
**23,119**
**8,639**
**31,758**
**20,846**
**6,638**
**27,484**
**4,274**
2,273||Total
funds
£
123,949
(2,400)
(14,910)
1,020,343
1,005,433
Totals
£
**580,135**
**8,639**
**588,774**
**121,108**
**13,322**
**134,430**
**454,344**
459,027|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
Included in the cost of the freehold property is land valued by the directors at £222,806. No depreciation has been provided on this amount.
There is a charge on the property in favour of Millennium Commission and the London Borough of Harrow in respect of grants received.
continued...
Page 9
**ANGLO-INDIAN CIRCLE LIMITED**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **9. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 April 2020|**91,805**|
|Revaluations|**(1,520)**|
|At 31 March 2021|**90,285**|
|**NET BOOK VALUE**||
|At 31 March 2021|**90,285**|
|At 31 March 2020|91,805|
There were no investment assets outside the UK.
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||**31.3.21**|31.3.20|
|---|---|---|
||**£**|£|
|Trade creditors|**-**|(1)|
|Amounts owed to group undertakings|**-**|84,126|
|Other creditors|**6,257**|6,257|
|Accrued expenses|**2,750**|4,950|
||**9,007**|95,332|
## **11. MOVEMENT IN FUNDS**
Within the general fund two amounts have been designated by the trustees for specific purposes: 2021 2020 Sangat Centre Building Fund 348,623 348,623 Building maintenance 35,740 50,000
## **12. RELATED PARTY DISCLOSURES**
All assets and liabilities of Sangat Advice Centre Ltd, a charity with common Trustees merged with Anglo Indian Circle Ltd, net asset value of £200,885 on 01/04/2020.
Page 10
**ANGLO-INDIAN CIRCLE LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2021**|||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|**(3)**|1|
|Donations|**560**|715|
|Grants|**48,551**|-|
||**49,108**|716|
|**Other trading activities**|||
|Hire of Hall|**-**|3,910|
|Fees|**73,566**|97,940|
||**73,566**|101,850|
|**Investment income**|||
|Investment income|**3,517**|3,842|
|Deposit account interest|**2,483**|5,031|
||**6,000**|8,873|
|**Other income**|||
|Sundry Income|**300**|-|
|Income from Sangat A Centre|**200,885**|-|
||**201,185**|-|
|**Total incoming resources**|**329,859**|111,439|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Hall Hire|**322**|1,662|
|Donations|**-**|400|
||**322**|2,062|
|**Charitable activities**|||
|Wages|**76,683**|76,683|
|Social security|**4,158**|5,201|
|Postage and stationery|**2,053**|3,717|
|Yoga Class Cost|**510**|3,020|
|Social Activities|**395**|8,305|
||**83,799**|96,926|
|**Support costs**|||
|**Management**|||
|Rates and water|**532**|241|
|Carried forward|**532**|241|
This page does not form part of the statutory financial statements
Page 11
**ANGLO-INDIAN CIRCLE LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2021**|||
|---|---|---|
||31.3.21|31.3.20|
||£|£|
|**Management**|||
|Brought forward|**532**|241|
|Insurance|**1,551**|1,275|
|Light and heat|**3,415**|2,368|
|Telephone|**1,375**|-|
|Sundries|**241**|178|
|Cleaning|**1,980**|2,911|
|Repairs and Renewals|**2,174**|1,923|
|Subscriptions|**-**|492|
|Building Maintenance cost|**14,260**|-|
||**25,528**|9,388|
|**Finance**|||
|Bank charges|**2**|2|
|Credit Card Charges|**1,424**|1,500|
||**1,426**|1,502|
|**Other**|||
|Travel and Subsistence|**1,000**|500|
|**Governance costs**|||
|Accountancy fees|**1,750**|1,950|
|Legal fees|**1,290**|1,290|
|Secretarial services|**10,625**|9,685|
|Computer and Consumable Cost|**-**|148|
|Freehold property|**6,684**|-|
|Fixtures and fittings|**530**|498|
||**20,879**|13,571|
|Total resources expended|**132,954**|123,949|
|**Net income/(expenditure) before gains and**|||
|**losses**|**196,905**|(12,510)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|**(1,520)**|(2,400)|
|**Net income/(expenditure)**|**195,385**|(14,910)|
This page does not form part of the statutory financial statements
Page 12