**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