Indian Community Centre (Belfast) Ltd
Statement of Flanaeial Activitles for the Year Ended 31 March 2024
(Ineludkng Income and Expenditure Account)
Un￿strIc￿d
Fund
Restrictéd
Fund
M4f•24
To&il
Mar•23
Tolal
Note
Inco
Voluntary in¢ome
Donations and Gift Aid
Fund Raising Activities
Inveslment Income
38.211
11,401
38,211
11,401
27,345
20,783
Total income
49,612
49,612
48.128
en
Administration expenses
Estsblishment expenses
Governance Costs
52.741
16,987
1,599
52.741
16,987
1,599
40,106
31,454
1,837
Total expenditure
71,327
71,327
73,397
Net movement in funds
21,715
21,715
25,269
eco
Illntinn nf filn
Totvdl Funds brought forwlrd
325,965
325,965
351,234
Total Funds c#rrled forward
304.250
304.250
325.965
The notes on pages 8 to 8 form an integral part of these financial ststements
Page 6

Indlgn Communlty Centre (Belfast) Ltd
Statement of Assets and Liabilties for the Year Ended 31 March 2024
2024
2023
Note
Fired Assets
Tangible a&8ets
229,719
243.282
Cmrrenl assets..
Debtors
Cash at bank and in hand
1.400
74.831
1,400
82,983
76.231
84,383
Creditors: amounts falling
due within one year
1,700
1,700
Net current assets
74,531
82,683
Net Assets
304.250
325.965
ari
Revaluation reserve
Unrestricted ￿ndS
Restri¢ted ￿ndS
15.880
288,370
15,880
310,085
304.250
325 965
The trustees statements requires by Section 475(2) and (3) are shown on the following page
which forms part of this Balance Sheet.
The notes on pages 6 to 8 form an integral part of these financial statements
Page 7

Indian Community Centre (Belfast) Ltd
Company Limited by guarantee
Balance Sheet for the Year Ended 31 March 2024
. continued
For the year ending 31 March 2024, the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
. The mcmbers bave not required the company to obtsin an audit of its financial ststements
for the year in question in accordance with section 476.
. The directors acknowledge their responsibilities for complying with the requirements of the
Act with respect to accounting records and the preparation of financial statements.
These financial statements ELave been prepared in accordallce with the provisions applicable to
companies subject to the small companies, regime under the Companies Act 2006.
The dLWUlltb' weie approvcd by thc Trurtee
reasurer
5knJ-JIL}
Trustee
SAfirtVllL
Q hA-L
AsHIsH STALJY
Page 8

Indian Community Centre (Belfydst) Ltd
Company Limited by guarantee
Notes to the Financial Statements for the Year Ended 31 March 2024
l Accountlng Policies
1.1 Basis of preparation
These financial statements have been prepared under the historical cost basis and the Trustees
have given due regard to the recommendations contained within the Statement of
Recommended Practice "Accounting and Reporting by Charities" issued in 2008 and applicable
accounting standards.
1.2 Fund accounting
Incoming resources that may be applied for the Charity's general puo)oses are treated as
'unrcstricted' incoming resources and are credited to the 'unrestrictcd fi]nds'. Funding for
purposes designated for a specific purpose by the T￿SteeS is credited to 'dcsignated funds,.
Where a donation or grant is r¢quired to be used for a specified purpose, the amount concerned
is treated as a 'restricted' incoming resource and is cr￿lted to the approprtate 'restricted fund,.
1.3 Incoming resources
All incoiiiing rcsourccs arc includcd in thc statcmcnt of fillancial activitlC8 whcn tbc charity is
entitled to the income and the amount can be quantified with reasonable accuracy. The
following specific policies are applicd to particular categories of income..
Donated services and facilities are included at the value to the charity wbeTe this can be
quantified.
Investment income is included when receivable.
Incoming resources from grants. where related to perforn]allce and specific deliverables, aTe
accounted for as the charity earns the right to consideration by its perfornwice.
1.4 Bank finterest
Bank interest is recognised as an incoming resource when it is credited to the bank statement.
All bank interest is treated as unrestricted income to the General Fund.
1.5 Resources Expended
Expenditure is recognised on an accruaI basis as a Itability is incurred. Expenditure includes
any VAT that cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Page 9

Indian Communlty Centre (Belfast) Ltd
Notes to the Finaneial Statements for tbe Year Ended 31 Mareh 2024
(Jnat'ons a￿d
rants
2024
2023
Belfast City Council
Thali Collections
Annual subs & donations
Goldman Sachs
Asia 50
20,000
9,000
4,725
13,620
12,211
4,000
2,000
27.345
Fuiid RalsiD
Activit'es
2024
2023
Hall hiring
11,401
20,783
nve5tinent Inco
2023
2023
Interest received
Admini
tratio
ex
es
2024
2023
Wages and salaries
Events, toys and games
Telephone
Cotnputer expenses
Legal and professional
HR settlement
General expenses
Asia refund
Depreciation
4,901
565
362
156
6,569
22,625
8,786
820
352
176
16,228
159
4,000
13,563
13,585
40,106
Esta
lllsliment ex
ense
2024
2023
Rent and rates
Insurance
Light & heat
Repairs & maintenance
1,073
3,709
5,347
6,858
941
3,340
8,066
19,107
31.454
Governance Cost
2024
2023
Bank charges
Accountancy fees
99
1,500
87
1,750
1.837
Page 10