2021-03-31-accounts - Indian Community Association

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INDIAN COMMUNITY CENTRE RAWDON STREET, NORMANTON, DERBY REGISTERED CHARITY NUMBER 516683

FINANCIAL ACCOUNTS

FOR THE YEAR ENDED

31 March 2021

MAP BUSINESS SERVICES 23 HALL ROAD, UTTOXETER, STAFFS, ST14 7PN

INDIAN COMMUNITY CENTRE

Index to the Financial Accounts for the Year Ended 31 March 2021

	Page
Annual Report	1
Statement of Trustees Responsibilities	2
Independent Examiners' Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6 & 7

INDIAN COMMUNITY CENTRE

Annual Report

for the Year Ended 31 March 2021

The Management Committee present their Report for the year ended 31 March 2021

The current members of the Management Committee are as follows:-

Balbir Singh Sandhu	Chairman
Jaswant Singh Rai	Vice Chairman
Daljit Singh	Vice Chairman
	(deceased 23 February 2022)
Sarjit Singh Basi	General Secretary
Baldev Singh Punni	Assistant Secretary
Santokh Singh	Treasurer
Manjit Singh Bola	Building In-Charge
Karnail Singh	Building In-Charge
Anna Gautma	Committee Member
Ajaib Singh Bassi	Committee Member
Amarjit Singh Heer	Committee Member
Davinder Singh Bhullar	Committee Member
Jagtar Singh	Committee Member
Palwinder Singh Bassi	Committee Member
Gurnaik Kaur	Committee Member

The management committee consists of 17 elected members: elections are held bi-annually. The present committee was elected unapposed on

Due to Covid there were no elections in 2020 or 2021. Elections will be held in June 2022.

The Indian Community Centre Association is a registered charity with the Charity Commission No. 516683. The charity is based at the Indian Community Centre, Rawdon Street, Derby, DE23 6QR.

Page 1

INDIAN COMMUNITY CENTRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Law applicable to charities in England and Wales requires the trustees to prepare financial accounts 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 end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing those financial accounts the trustees are required to:

select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial accounts.
prepare the financial accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial accounts comply with the Charities Act 1993. The are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

………………………………………………………..

Trustee On behalf of the Management Committee Date …………………………...

Page 2

INDIAN COMMUNITY CENTRE

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INDIAN COMMUNITY CENTRE

I report on the accounts of the Trust for the year ended 31 March 2021 which are set out of pages 4 to 7

Respective responsibilities of trustees and examiners

As the charity's trustees you are responsible for the preparation of the accounts: you consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directors given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiners' report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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 material respects the requirements
to keep accounting records in accordance with Section 41 of the Act.
to prepare accounts which accord with the accounting records and to comply with the requirements of the 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 accounts to be reached.

………………………………………………… MAP Business Services 23 Hall Road Uttoxeter Staffordshire ST14 7PN

Page 3

INDIAN COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2021

Note Income Resources Donations received Passport Centre income Grants receivable 6 Job Retention Scheme Rent Received Bar takings 5 Total Incoming Resources Payments Professional fees Accountancy Water charges Energy costs Telephone Printing, postage and stationery Repairs, renewals and maintenance Insurances Bank charges and interest Staff Pension Trade refuse Cleaning expenses Sundry expenses Depreciation Bar purchases Safety & Security expenses Bar services Fitness Class Instructor Light Refreshments Equipment Hire Licences Other expenditure Management and administration of the charity 4 Total Resources Expended Net (Outgoing) Resources for the year being net movement in funds Balances brought forward Restricted Funds Capital Spending Balances carried forward	Unrestricted Funds £ 2700 3024 12311 11812	Restricted Funds £	Total 2021 £ 2700 3024 12311 11812 29847 800 2727 934 364 4500 1047 90 123 954 256 1120 767 647 335 14664 11737 26401 3446 385796 389242	Total 2020 £ 194 12431 27782 10750 430 2039
	29847 800 2727 934 364 4500 1047 90 123 954 256 1120 767 647 335 14664 11737 26401 3446 385796 389242			53626
				3780 704 3517 3706 691 69 1308 917 333 167 2857 5393 963 1334 1194 1126 420 875 1089
				30443 15499
				45942
				7684 378112 385796

INDIAN COMMUNITY CENTRE

BALANCE SHEET

AT 31 March 2021 Note 2 0 2 1 £ £ FIXED ASSETS: Tangible assets 2 337,967 CURRENT ASSETS: Stock (bar) 475 Cash at bank and in hand 39,016 Debtors & Prepayments 15,000 Accrued Income 800 55,291 CURRENT LIABILITIES Creditors and accruals 4,016 4,016 NET CURRENT ASSETS: 51,275 NET ASSETS 389,242 FUNDS Unrestricted 389,242 Restricted Shareholders funds 389,242	2 0 2 0 £ £ 320,597 475 60,238 2,200 10,250 73,163 7,964 7,964 65,199 385,796 385,796 385,796	2 0 2 0 £ £ 320,597 475 60,238 2,200 10,250 73,163 7,964 7,964 65,199 385,796 385,796 385,796
		385,796
		385,796
		385,796

Signed on behalf of the Charity Trustees by the Management Committee

………………………………………………………… Balbir Singh Sandhu (Chairman) ………………………………………………………… Sarjit Singh Basi (General Secretary) ………………………………………………………… Santokh Singh (Treasurer)

Date …………………………………………………..

Page 5

INDIAN COMMUNITY CENTRE

NOTES TO THE ACCOUNTS FOR

FOR THE YEAR ENDED 31 March 2021

1 ACCOUNTING POLICIES

General

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.

Depreciation

Depreciation is provided on the fixtures and equipment and freehold property at the following rates based on their estimated useful life of these fixed assets:-

Fixtures and equipment Office equipment

15% on reducing balance 20% on reducing balance

2 FIXED ASSETS

COST At:1 April 2020 Additions Disposals At:31 March 2021 DEPRECIATION At:1 April 2020 Charge for period At:31 March 2021 NET BOOK VALUE At:31 March 2021 At:31 MARCH 2020	ImprovementsFixtures and to Property Equipment £ £ 8828 109305 18490 27318 109305 103317 898 104215 27318 5090 8828 5988	Office Equipment £ 53773 53773 52662 222 52884 889 1111	Freehold Property £ 365306 365306 60636 60636 304670 304670	Total £ 537212 18490
				555702
				216615 1120 217735
				337967
				320597

No depreciation has been charged on freehold property as in the opinion of the committee the value of the freehold property is in excess of what is shown in the accounts.

3 SUMMARY OF NET ASSETS BY FUNDS

Fixed assets Net Current Assets	Unrestricted Restricted Funds Funds £ £ 337967 51275 389242 Page 6	Total 2 0 2 1 £ 337967 51275 389242	Total 2 0 2 0 £ 320597 65199
			385796

INDIAN COMMUNITY CENTRE

NOTES TO THE ACCOUNTS FOR

FOR THE YEAR ENDED 31 March 2021

4 MANAGEMENT AND ADMINISTRATION OF THE CHARITY

Unrestricted Restricted Funds Funds £ £ Wages and national insurance 11737 11737 5 BAR ACCOUNT 2 0 2 1 £ £ Takings Less: Cost of Sales Opening stock 475 Purchases Closing stock 475 Gross profit 6 GRANTS RECEIVED 2 0 2 1 £ 12311 National Lottery Community Fund (restricted) Community Action 12311 Covid Business Grant Community action covid The Surtail Asian Artcore	Total Total 2 0 2 1 2 0 2 0 £ £ 11737 15499	Total Total 2 0 2 1 2 0 2 0 £ £ 11737 15499
	11737 15499
	2 0 2 0 £ £ 2039 475 1194 475 1194 845 41% 2 0 2 0 £ 10000 250 500 10750

		845
		41%
		2 0 2 0 £ 10000 250 500
		10750

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