**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 2024** ## **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 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**|6|to|7| |**Notes to the Financial Statements**|8|to|11| |**Detailed Statement of Financial Activities**|12|to|13| **ANGLO-INDIAN CIRCLE LIMITED** ## **Report of the Trustees for the Year Ended 31 March 2024** 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 2024. 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. - The aims: Ensure that the local Asian community has information about the law to enforce their rights to welfare benefits, debt management, immigration, and discrimination. - Help prevent homelessness through advice and advocacy. - Ensure that, via advocacy, elderly, frail, people with learning disabilities, people with mental health difficulties and disabled people get access to statutory services. - Provide information, advice, advocacy, and casework on issues of concern to the Asian community in particular and to the community at large. In all aspects of the work undertaken by the charity, the trustees have had regard to the guidance of the Charity Commission on public benefit. Page 1 **ANGLO-INDIAN CIRCLE LIMITED** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **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. After the country faced austerity, recession, and a cost-of-living crisis, many communities, particularly black and South Asian communities, felt financial pressure. Women and people with disabilities are also disproportionately affected. In response to the challenges faced by the most vulnerable in the community, people often look to charities for support. Our charity, Sangat, has been in existence for over 51 years and has been doing its part to help. In response to the pandemic, we provided free food, advice, and support to hundreds of people, including elderly individuals suffering from mental health problems. COVID disproportionally affected socially isolated elderly people who were at risk of self-harm and suicide. To combat loneliness and isolation during the lockdown, especially for those living alone, Sangat provided 14 iPads to those in need, offering social participation, telephone companionship, and information sharing. The aim was to reduce the digital divide through training on digital skills and improve health outcomes through preventative measures. ## A warm, homely place that welcomes everyone: The Warm Bank was set up to provide a warm place for people to escape the cold weather, particularly those who cannot afford to heat their homes during the winter months. Through the Warm Bank, Sangat provides a homely community resource that offers advice sessions, meeting space, and social space for people to network build friendships, and have a healthy vegetarian meal. The Sangat Warm Bank welcomed everyone, regardless of age, financial status, disability, race, religion, or cultural background. The Warm Bank not only provided a warm and safe space for people to escape the cold but also offered a range of activities to promote social interaction and mental well-being. Attendees played cards and board games (including the Carrom), bingo, read newspapers, did puzzles, joined in yoga sessions, listened to live music, and above all made new friends. We have been considering reopening the Warm Bank, if not daily at least a couple of days a week, during 2024-25. Other charitable activities ## Health, Education & Welfare: The charity runs badminton sessions and yoga sessions (once a week, every Tuesday and Sunday) and during the year, it saw a study increase of take up in these activities. These sessions offer a focal point for members of the local community and help to improve the health and well-being of the users. Religious activity: The Charity celebrated the Festival of Diwali and held one spiritual session. Fundraising activity: On 25 June 2023, we organised an afternoon Mehfil with Diwakar Meena. Community Support Activities: The charity continues to assist small local groups by providing the use of its premises and offering advice and guidance to these groups. ## Advice and casework: On a daily basis, we assist people with their problems -be it social, legal, welfare benefits, matrimonial, housing, etc. On average, we see over 2500 people per annum and our staff feel satisfied when they see a smile on clients' faces. ## Volunteers At Sangat, we rely heavily on our volunteers who have made the commendable decision to put a few hours aside to volunteer rather than do some extra paid work to earn money to meet the rising costs. We recognise their valuable service and thank each one. Page 2 **ANGLO-INDIAN CIRCLE LIMITED** ## **Report of the Trustees for the Year Ended 31 March 2024** ## **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) ## **Registered Charity number** 284745 ## **Registered office** 28a Sancrft Road Harrow Middlesex HA3 7NS ## **Trustees** D Shah Mrs V Varsani P Ranpura Director H Patel Director H D Soni Director ## **Company Secretary** K Nagda MBE ## **Independent Examiner** Vijay Amin Ace Associates (UK) Limited T/A Ace Accountants 44 Hartford Avenue Kenton Middlesex HA3 8SY Approved by order of the board of trustees on 20 September 2024 and signed on its behalf by: P Ranpura - Trustee Page 3 **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 2024. ## **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. Vijay Amin The Association of Chartered Certified Accountants Ace Associates (UK) Limited T/A Ace Accountants 44 Hartford Avenue Kenton Middlesex HA3 8SY 21 September 2024 Page 4 ## **ANGLO-INDIAN CIRCLE LIMITED** ## **Statement of Financial Activities for the Year Ended 31 March 2024** |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
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**3,151**
**116,931**
**20,136**
**-**
**140,218**
**1,413**
**149,078**
**-**
**-**
**150,491**
**(5,083)**
**(15,356)**
**1,169,317**
**1,153,961**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.3.24**
**Total**
**funds**
**£**
**3,151**
**116,931**
**20,136**
**-**
**140,218**
**1,413**
**149,078**
**-**
**-**
**150,491**
**(5,083)**
**(15,356)**
**1,169,317**
**1,153,961**|31.3.23
Total
funds
£
242
115,444
5,890
6,000
127,576
1,827
112,532
23,416
21,811
159,586
(14,049)
(46,059)
1,215,376
1,169,317| |---|---|---|---|---| The notes form part of these financial statements Page 5 ## **ANGLO-INDIAN CIRCLE LIMITED** ## **Balance Sheet 31 March 2024** |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
£
**432,769**
**85,711**
**518,480**
**12,489**
**628,777**
**641,266**
**(5,785)**
**635,481**
**1,153,961**
**1,153,961**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.3.24**
**Total**
**funds**
**£**
**432,769**
**85,711**
**518,480**
**12,489**
**628,777**
**641,266**
**(5,785)**
**635,481**
**1,153,961**
**1,153,961**
**1,153,961**
**1,153,961**|31.3.23
Total
funds
£
439,576
90,794
530,370
502
646,646
647,148
(8,201)
638,947
1,169,317
1,169,317
1,169,317
1,169,317| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 6 continued... ## **ANGLO-INDIAN CIRCLE LIMITED** ## **Balance Sheet - continued 31 March 2024** 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 20 September 2024 and were signed on its behalf by: H Patel - Trustee P Ranpura - Trustee The notes form part of these financial statements Page 7 **ANGLO-INDIAN CIRCLE LIMITED** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **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. ## **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** |Hire of Hall
Health and Fitness Income
Fees
Yoga Fees
Warm Bank|**31.3.24**
**£**
**4,175**
**1,395**
**108,796**
**2,565**
**-**
**116,931**|31.3.23
£
5,425
1,726
86,035
1,977
20,281| |---|---|---| |||115,444| continued... Page 8 **ANGLO-INDIAN CIRCLE LIMITED** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **3. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||**31.3.24**|31.3.23| ||**£**|£| |Investment income|**5,607**|3,817| |Deposit account interest|**14,529**|2,073| ||**20,136**|5,890| ## **4. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**31.3.24**|31.3.23| |---|---|---| ||**£**|£| |Depreciation - owned assets|**7,287**|7,315| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.. ## **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.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charity
Governance costs|**ACTIVITIES**
Unrestricted
fund
£
242
115,444
5,890
6,000
127,576
1,827
112,532
23,416||**31.3.24**
**3**
Restricted
fund
£
-
-
-
-
-
-
-
-||31.3.23
4
Total
funds
£
242
115,444
5,890
6,000| |---|---|---|---|---|---| ||||||127,576| ||||||1,827
112,532
23,416| ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 9 **ANGLO-INDIAN CIRCLE LIMITED** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** |**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
Other
**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 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|**ACTIVITIES -**
Unrestricted
fund
£
21,811
159,586
(14,049)
(46,059)
1,215,376
1,169,317
Freehold
property
£
**557,016**
**-**
**557,016**
**120,315**
**6,684**
**126,999**
**430,017**
436,701|**continued**
Restricted
fund
£
-
-
-
-
-
-
Fixtures
and
fittings
£
**31,758**
**480**
**32,238**
**28,883**
**603**
**29,486**
**2,752**
2,875||Total
funds
£
21,811
159,586
(14,049)
(46,059)
1,215,376
1,169,317
Totals
£
**588,774**
**480**
**589,254**
**149,198**
**7,287**
**156,485**
**432,769**
439,576| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| 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 10 **ANGLO-INDIAN CIRCLE LIMITED** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **9. FIXED ASSET INVESTMENTS** |**FIXED ASSET INVESTMENTS**|| |---|---| ||Unlisted| ||investments| ||£| |**MARKET VALUE**|| |At 1 April 2023 and 31 March 2024|**90,794**| |**PROVISIONS**|| |Impairments|**5,083**| |**NET BOOK VALUE**|| |At 31 March 2024|**85,711**| |At 31 March 2023|90,794| There were no investment assets outside the UK. ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||**31.3.24**|31.3.23| |---|---|---| ||**£**|£| |Trade creditors|**(1)**|(1)| |Social security and other taxes|**36**|-| |Accrued expenses|**5,750**|8,202| ||**5,785**|8,201| ## **11. MOVEMENT IN FUNDS** Within the general fund two amounts have been designated by the trustees for specific purposes: 2024 2023 Sangat Centre Building Fund 348,623 348,623 Building maintenance 35,740 35,740 ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. ## **13. DESIGNATED FUNDS** The Trustees at the meeting on 30 September 2022 approved to set aside designated funds to meet the salaries of staff and other charity operating overheads covering atleast 2 years from general reserve fund £250,000. Page 11 **ANGLO-INDIAN CIRCLE LIMITED** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**||| |---|---|---| ||31.3.24|31.3.23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Gifts|**(1)**|2| |Donations|**252**|240| |Grants|**2,900**|-| ||**3,151**|242| |**Other trading activities**||| |Hire of Hall|**4,175**|5,425| |Health and Fitness Income|**1,395**|1,726| |Fees|**108,796**|86,035| |Yoga Fees|**2,565**|1,977| |Warm Bank|**-**|20,281| ||**116,931**|115,444| |**Investment income**||| |Investment income|**5,607**|3,817| |Deposit account interest|**14,529**|2,073| ||**20,136**|5,890| |**Other income**||| |Sundry Income|**-**|6,000| |**Total incoming resources**|**140,218**|127,576| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Hall Hire|**1,163**|1,327| |Donations|**250**|500| ||**1,413**|1,827| |**Charitable activities**||| |Wages|**94,224**|91,964| |Social security|**4,981**|3,845| |Rates and water|**674**|357| |Postage and stationery|**1,281**|1,725| |Advertising|**450**|-| |Yoga Class Cost|**1,170**|2,377| |Catering Cost|**1,638**|-| ||**104,418**|100,268| |**Other**||| |Warm Bank costs|**-**|21,811| This page does not form part of the statutory financial statements Page 12 **ANGLO-INDIAN CIRCLE LIMITED** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2024**||| |---|---|---| ||31.3.24|31.3.23| ||£|£| |**Support costs**||| |**Management**||| |Insurance|**990**|884| |Light and heat|**6,539**|2,049| |Telephone|**1,245**|1,415| |Sundries|**241**|88| |Cleaning|**3,230**|1,380| |Repairs and Renewals|**2,745**|1,313| |Subscriptions|**-**|173| ||**14,990**|7,302| |**Finance**||| |Bank charges|**309**|148| |Credit Card Charges|**1,228**|1,416| ||**1,537**|1,564| |**Other**||| |Travel and Subsistence|**14**|2| |**Governance costs**||| |Accountancy fees|**1,750**|1,750| |Legal fees|**1,646**|1,646| |Secretarial services|**17,329**|15,907| |Computer and Consumable Cost|**107**|195| |Freehold property|**6,684**|6,684| |Fixtures and fittings|**603**|630| ||**28,119**|26,812| |Total resources expended|**150,491**|159,586| |**Net expenditure before gains and losses**|**(10,273)**|(32,010)| |**Realised recognised gains and losses**||| |Realised gains/(losses) on fixed asset investments|**(5,083)**|(14,049)| |**Net expenditure**|**(15,356)**|(46,059)| This page does not form part of the statutory financial statements Page 13