INDIAN COMMUNITY CEPrniE RAWDON STREET, NORMANTON. DERBY REGISTERED CHARITY NUMBER 516683 Annual Report Statement of Trustees Respons Independent Examiners, Report FINANCIAL ACCOUP Statement of Financial Activities FOR THE YEAR ENDED 31 March 2024 Balance Sh Notes to the Accounts PaAP BUSINESS SERVICES 23 HALL ROAD. UThOXETEII STAFFS, ST14 7PN INDIAN COMPAUNITY CENTRE INDIAN CI Index to the Financial Accounts jr the Year Ended 31 March 2024 for the Year The Management Committee pres( The current members of the Ma Balbir Singh Sandhu JasNvant Singh Rai ibilities Manjit Singh Bola Saiiit Singh Basi Baldev Singh Punni Santc4(h Singh Madan Gopal Bhola Kamail Singh Amrik Singh Aiaib Singh Ba&si 6&7 Amaiiit Singh Heer Dw4irKler Singh Bhullar Avtar Singh Sidhu Palwinder Singh Bassi Boots &ngh Onkar Singh Iqbal Singh The management committee consi bi-annually. The present commrtte The Indian Community Centre Ass, Commission No. 516683. The cha Rawdon Strèet Derby, DE23 6QR. OMMUNITY CEKfRE nnual R4)0rt Ended 31 March 2024 nt their Report for the year ended 31 March 2024 nagement Committee are as follows:_ Chaimian Vice Chainnan Vice Chaimian General Secretary Assistsnt Secretary Treasurer Trearurer Assistant Building In-charge Building in-charge Committee Member Committee Member Committee Member Committee Member Committee Member Committee Member Committee Member Committee Member sts of 17 elected members: elections are held e was elected unapposed in August 2023 ociation is a registered charity with the Charity .rity is based at the Indian Communty C8ntre, Page 1 INDIAN COMMUNITY CEKfRE STATEMENT OF TRUSTEES, RESPONSIBILITIES Law applitsble lo chaiilies in Engfand and Wales requires the trustees to prepare financial accounts for each firsancial year which give a true and fair view of the charitys financial activities during the year and of its financial positton at the end of the year lunless the charity is entitled to prepare accounts on the altemattve receipts and payments basis). In preparing those finanaal accounts the trustees are required to: - seléct suitable accounting policies and then apply them o)nsist8ntly. - make judgements and estimates Ihat are reasonable and prudent - ststs whelher the applicable accounting stsndards have been followed. subject to any material depar￿￿9 disdosed and explained in the financial ￿coUnts. prepare the financial accounts on the going concem basis unless it is inappropriate to presume that the charity wll Continue in business. The tnjstees ar8 responsible for keeping proper accountbng records which disclose with reasonable accuracy at any time the financtal posttton of the charlty and to enable them to ensure that the financial accounts comply vAth the Charttses Act 1993. The are also responsible for safeguafding the assets of the umpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregulafili8S. Trustee On behalf of the anagement Committee // /- JoJJ- Page 2 INDIAN COMMUNrrY CEtrifRE INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INDIAN COMMUNITY cE￿rRE I report on the accounts of trse TnJ5t for the year ended 31 Marth 2024 whith are sèt out of pages 4 to 7 Respecttvo re8pon81biltties of trustee8 and examiners As the charitys trustees you are responsible for the preparation of Ihe accounts.. you consider that the audit requirement of Section 43{2) of the Charittes Act 19931the Act) does not apply. It is my responsibility to state. on Ihe basis of procedures specified in the General Directors given by the Chaiity Commissioners under Section 43(7){b) of the ACL whether particular matters have come to my attenbon. 8a8is of indepondont examiners. roport My examinali¢)n was carried oul in accordance wilh the General Directions given by the Charity Commissioners. An examination indudes a review of the aco)unting records kept by the charity and a comparison of the ao))unts vdih those records. It also indudes consideration of any unusual items or disclosures in the aco)unts. and seeking explanations from you as trustees Con￿mIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an aud¢ and consequenty I do not express an audit opinion on Ihe view given by the a¢￿unts. Independent oxamlnetrs slatement In connection with my examinalion, no matter has come to my attention: (1) which gives me reasonable cause to believe that in material respects the requirements - to k66p accounting records in accordan￿ with Section 41 of the ACL - to prepare accounts whith accord with Ihe acCoU￿]ng records and to cornpty WFth thè requirements of the Ac 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 Stafft>rdshire ST14 7PN PaJe 3 INDIAN COMMUNrrY CETr￿RE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024 Unrestricted Restricted Funds Funds Total 2024 Total 2023 Note Income Resource8 Donations réceived Passport Grants receivable Rent Received Bar takings Total Incoming Resources 12¢XI 125 7529 7529 52726 2850 63105 52726 1630 44510 63105 Accountancy Water charges Rates Energy costs Telephone Printing, postage and stationery Repairs, renewals and maintenan Insurances Bank charges and interest Staff Pension Trade refuse Cleaning expenses Sundry expenses Depreciation Bar purchases Safety & Security expenses Bar services Dcor security Equipment Hire LI￿nceS 570 1481 397 6130 1231 115 8782 570 1481 397 8130 1231 115 8782 777 755 1228 173 1791 2186 336 135 2405 5670 761 782 372 162 372 162 3687 4676 1079 4676 1079 642 2270 2270 1101 710 710 455 82 874 823 24104 873 873 37227 37227 Othor expenditure Management and administration of the charity 11644 11644 10758 Total Resources Expended Net Surplus /(Outgoing) Resour￿ for the year being net movement in funds 48871 48871 14234 14234 Balances brought foThvard 3963C6 386658 Restricted Funds Capital Spending Balances carried fotward 41)0892 410540 396306 Page 4 INDIAN COIAMUNrff CENTRE BALANCE SHEEr AT 31 March 2024 Note 2024 2023 FIXED ASS￿S. Tangible assets 377,905 378,547 CURRENT ASSETS: Stock (bar) Cash at bank and in hand Debtors & Prepayments Accrued Income 275 40.091 275 25,335 41.4( 25.610 CURRENT LIABIUTIES Creditors and ￿CrUal5 8.771 8.771 7,851 7,851 NET CURRENT ASSETS: 32.635 17.759 NET ASs￿s 410.540 396.306 FUNDS Unrestricted Restricted 410.540 3g6.308 Shareholders funds 410.540 396.306 Signed on behaff of the Charity Trustees by the Management Committee Balbir Singh Sandhu (Chaimian) Saryit Singh Basi (General Secretary) l. laJ4 • Santokh Singh (Treasurer) //-/- J6?f Page 5 INDIAN COMMUNITY CETr￿RE NOTES TO THE ACCOUNTS FOR FOR THE YEAR ENDED 31 March 2024 1 ACCOUNTING POLICIES General The accounts have been prepared under the histori￿? ￿$t convention and in a￿ordanCe with appliGgble accounting stsndards and the Statement of Retsjmmended Practice on Accounling by Charities. Depreciation Depreciation is provided on the fLXtures and equipment and freehold propefty at Ihe following rates based on their esltmated useful life of these fixed assets.'- Fixtures and equipment 15% on reducing balance Office equipment 200h on reducing balance 2 FIXED ASSETS Improvements Fixtures and to Propety Equipment Office Equipment Freehold Propety Totsl COST At..1 April 2023 Additions Disposals 6W1 109305 53773 365306 598005 At.'31 March 2024 69621 109305 53773 3653¢X 598005 DEPRECIATION At:1 April 2023 Charge for peri(MJ 105130 626 219458 16 At..31 March 2024 105756 53708 60636 220100 NET BOOK VALUE At:31 March 2024 6*21 3549 65 304670 377905 At:31 March 2023 6￿21 4175 81 304670 378547 No depreciation has been charged on freèhold property as in the Opini(￿ of the committee the value of the freehold property is in ex￿$$ ol what is shown in the accounts. 3 SUMMARY OF NEf ASSETS BY FUNDS Unrestricted Restricted Funds Funds Total 2024 Total 2023 Fixed assets Net CuThent Assets 377905 32635 410540 Page 6 377905 378547 17759 3*306 32635 410540 INDIAN COMMUNITY CEKfRE NOTES TO THE ACCOUNTS FOR FOR THE YEAR ENDED 31 March 2024 4 MANAGEMENT AND ADMINISTRATION OF THE CHARfrY UnrestricteRestricted Funds Funds Totsl 2024 Total 2023 Wages and national insurarKe 11644 11644 10758 11e>44 11644 10758 5 BAR ACCOUNT 2024 2023 Takings Less: 1630 Cost of Sales Opening stod( Purchases Closing st(Kk 250 21C(I 275 325 1101 250 1176 2075 775 27% Gross profft 454 26°/0 6 GRANTS RECEIVED 2024 2023 Covid Business Grant Derby co communty trust 5324 5504 Page 7