INDIAN COMMUNITY CENTRE RAWDON STREET, NORMANTON, DERBY REGISTERED CHARITY NUMBER 516683
FINANCIAL ACCOUNTS
FOR THE YEAR ENDED
31 March 2023
MAP BUSINESS SERVICES 23 HALL ROAD, UTTOXETER, STAFFS, ST14 7PN
INDIAN COMMUNITY CENTRE
| Index to the Financial Accounts | |
|---|---|
| for the Year Ended 31 March 2023 | |
| 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 2023
The Management Committee present their Report for the year ended 31 March 2023
The current members of the Management Committee are as follows:-
| Balbir Singh Sandhu | Chairman |
|---|---|
| Jaswant Singh Rai | Vice Chairman |
| Manjit Singh Bola | Vice Chairman |
| Sarjit Singh Basi | General Secretary |
| Baldev Singh Punni | Assistant Secretary |
| Santokh Singh | Treasurer |
| Madan Gopal Bhola | Trearurer Assistant |
| Karnail Singh | Building In-Charge |
| Amrik Singh | Building in-charge |
| Ajaib Singh Bassi | Committee Member |
| Amarjit Singh Heer | Committee Member |
| Davinder Singh Bhullar | Committee Member |
| Avtar Singh Sidhu | Committee Member |
| Palwinder Singh Bassi | Committee Member |
| Boota Singh | Committee Member |
| Onkar Singh | Committee Member |
| Sital Singh | Committee Member |
The management committee consists of 17 elected members: elections are held bi-annually. The present committee was elected unapposed in August 2023
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 2023 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 2023
| Note Income Resources Donations received Passport Centre income Grants receivable 6 Job Retention Scheme Rent Received Bar takings 5 Total Incoming Resources Payments Food bank Accountancy Water charges Rates 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 Door security 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 £ 1200 12590 - 29090 1630 |
Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total 2023 £ 1200 12590 - - - 29090 1630 44510 - 690 777 755 3080 1228 173 1791 2186 336 135 2405 5670 761 782 1101 - 455 82 874 823 24104 10758 34862 9648 386658 - 396306 |
Total 2022 £ - - - 180 4324 32075 1610 |
|---|---|---|---|---|
| 44510 690 777 755 3080 1228 173 1791 2186 336 135 2405 5670 761 782 1101 - 455 82 874 823 24104 10758 34862 9648 386658 - 396306 |
38189 | |||
| 1045 905 2525 439 2327 345 377 4500 1992 179 130 2331 4490 1811 941 1039 2733 300 1239 412 587 |
||||
| 30647 11737 |
||||
| 42384 | ||||
| -4195 385796 - 381601 |
INDIAN COMMUNITY CENTRE
BALANCE SHEET
| AT Note FIXED ASSETS: Tangible assets 2 CURRENT ASSETS: Stock (bar) Cash at bank and in hand Debtors & Prepayments Accrued Income CURRENT LIABILITIES Creditors and accruals NET CURRENT ASSETS: NET ASSETS FUNDS Unrestricted Restricted Shareholders funds |
31 March 2023 2 0 2 3 £ £ 378,547 275 25,335 0 0 25,610 7,851 7,851 17,759 396,306 396,306 - 396,306 |
2 0 2 2 £ £ 379,329 350 10,645 0 0 10,995 3,666 3,666 7,329 386,658 386,658 - 386,658 |
2 0 2 2 £ £ 379,329 350 10,645 0 0 10,995 3,666 3,666 7,329 386,658 386,658 - 386,658 |
|---|---|---|---|
| 386,658 | |||
| 386,658 - |
|||
| 386,658 |
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 2023
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 15% on reducing balance Office equipment 20% on reducing balance
2 FIXED ASSETS
| COST At:1 April 2023 Additions Disposals At:31 March 2023 DEPRECIATION At:1 April 2022 Charge for period At:31 March 2023 NET BOOK VALUE At:31 March 2023 At:31 MARCH 2022 |
Improvements Fixtures and to Property Equipment £ £ 69621 109305 - - 69621 109305 - 104393 - 737 - 105130 69621 4175 69621 4912 |
Office Equipment £ 53773 53773 53647 45 53692 81 126 |
Freehold Property £ 365306 365306 60636 - 60636 304670 304670 |
Total £ 598005 - |
|---|---|---|---|---|
| 598005 | ||||
| 218676 782 219458 |
||||
| 378547 | ||||
| 379329 |
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 £ £ 378547 - 17759 - 396306 - Page 6 |
Total 2 0 2 3 £ 378547 17759 396306 |
Total 2 0 2 2 £ 379329 7329 |
|---|---|---|---|
| 386658 | |||
INDIAN COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR
FOR THE YEAR ENDED 31 March 2023
4 MANAGEMENT AND ADMINISTRATION OF THE CHARITY
| UnrestricteRestricted Total Total Funds Funds 2 0 2 3 2 0 2 2 £ £ £ £ Wages and national insurance 10758 10758 11737 10758 10758 11737 5 BAR ACCOUNT 2 0 2 3 2 0 2 2 £ £ £ £ Takings 1630 1610 Less: Cost of Sales Opening stock 325 475 Purchases 1101 1039 Closing stock 250 325 1189 1176 Gross profit 454 421 28% 26% 6 GRANTS RECEIVED 2 0 2 3 2 0 2 2 £ £ Covid Business Grant - 5324 Derby co community trust - 180 - 5504 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 3 2 0 2 2 £ £ £ £ Wages and national insurance 10758 10758 11737 10758 10758 11737 5 BAR ACCOUNT 2 0 2 3 2 0 2 2 £ £ £ £ Takings 1630 1610 Less: Cost of Sales Opening stock 325 475 Purchases 1101 1039 Closing stock 250 325 1189 1176 Gross profit 454 421 28% 26% 6 GRANTS RECEIVED 2 0 2 3 2 0 2 2 £ £ Covid Business Grant - 5324 Derby co community trust - 180 - 5504 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 3 2 0 2 2 £ £ £ £ Wages and national insurance 10758 10758 11737 10758 10758 11737 5 BAR ACCOUNT 2 0 2 3 2 0 2 2 £ £ £ £ Takings 1630 1610 Less: Cost of Sales Opening stock 325 475 Purchases 1101 1039 Closing stock 250 325 1189 1176 Gross profit 454 421 28% 26% 6 GRANTS RECEIVED 2 0 2 3 2 0 2 2 £ £ Covid Business Grant - 5324 Derby co community trust - 180 - 5504 |
UnrestricteRestricted Total Total Funds Funds 2 0 2 3 2 0 2 2 £ £ £ £ Wages and national insurance 10758 10758 11737 10758 10758 11737 5 BAR ACCOUNT 2 0 2 3 2 0 2 2 £ £ £ £ Takings 1630 1610 Less: Cost of Sales Opening stock 325 475 Purchases 1101 1039 Closing stock 250 325 1189 1176 Gross profit 454 421 28% 26% 6 GRANTS RECEIVED 2 0 2 3 2 0 2 2 £ £ Covid Business Grant - 5324 Derby co community trust - 180 - 5504 |
|---|---|---|---|
| 10758 | 10758 11737 |
||
| 2 0 2 3 2 0 2 2 £ £ £ £ 1630 1610 325 475 1101 1039 250 325 1189 1176 454 421 28% 26% 2 0 2 3 2 0 2 2 £ £ - 5324 - 180 - 5504 |
|||
| 421 | |||
| 26% | |||
| 2 0 2 2 £ 5324 180 |
|||
| 5504 |
Page 7