Malawi Hindu Association ( Trustees' report and Financ for the year ending Decemb Malawi Hindu Association ( Report of the Trustees and for the year ending Decemb The Trustees and the Management Committee of the Malawi Hindu Association (U present their annual report along with the financial statements for the year ended The financial statements have been prepared in accordance with the accounting po page 5 and comply with the charity's trust deed and applicable law. ## Trustees Appointment of the trustees is governed by the Trust Deed of the charity. The trust during the year are as follows: Mr B Ramanandi Mr J Rajani Mrs C Panchal Mr P Kothari Mr A Tanna ## Objects and policies The Association was registered with the Charity Commission (registered number 10 September 1993. The trust is constituted by a Trust Deed dated 24 September 199 the Association are as follows: ## #NAME? in the constitution; - to advance the education of the public in Hindu religion and culture; #NAME? aspects of the Hindu religion; #NAME? facilities in the interest of social welfare, for recreation and leisure time occupatio of improving the conditions of life for the said inhabitants. ## Results for the year Details of the income and expenditure arising during the year ended 31 December assets and liabilities of the Association as at that date are shown on page 3 and 4 o respectively. ## Investment powers The Trust Deed authorises the Trustees to hold the property using the general fund ## Risk management The Trustees actively review the major risk that the charity faces on a regular basis maintaining reserves at current levels, combined with an annual review of the cont financial systems, will provide sufficient resources in the event of adverse conditio have also examined other operational and business risks faced by the charity and c established systems to mitigate the significant risks. Malawi Hindu Association ( Report of the Trustees and for the year ended 31 Dece (Continued) ## Reserve policy The Trustees consider the financial position of the charity, including the level of res satisfactory. ## Statement of Trustees responsibilities The law applicable to charities in England and Wales requires the Trustees to prepa statements for each financial year which give a true and fair view of the charity's fi during the year and of its financial position at the end of the year. In preparing thos Trustees are required to :- - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; ## #NAME? been followed subject to any departures disclosed and explained in the financial s #NAME? that the charity will continue in business. The Trustees are responsible for keeping proper accounting records which disclose accuracy at any time the financial position of the trust to enable them to ensure th comply with the current Charities Act. The Trustees are also responsible for safeguarding the assets of the trust and for ta steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on ……………………………… and signed on its ……………………………………………. Mr B Ramanandi, Trustee ……………………………………………. Mr J Rajani, Trustee ||||Malawi Hindu Association (|Malawi Hindu Association (| |---|---|---|---|---| ||||Statement of financial activ|| ||||For|the year ended 31 Dece| ||Notes|||2021| ||||£|£| |Income||||| |Subscriptions||2||-| |Donations received||1||20398.67| |Income from fundraising activities||3||800| |Bank Interest received||||| |Total Income||||28398.67| |Expenditure||||1150| |Direct charitable expenditure||4|19956.25|| |Other expenditure||||| |Expenses on fundraising activities||3|-| |---|---|---|---| |Insurance|||-| |Printing, postage and stationery|||-| |Sundry expenses|||132| |Total expenditure|||21238.25| |Net surplus for the year|||7160.42| |Total funds brought forward|||20,562| |Total funds carried forward|||20,562| ||||Malawi Hindu Association (| ||||Balance Sheet| ||Notes||| ||||2021| |Fixed Assets|||| |Tangible Assets|||2| |Current Assets|||| |Debtors|||| |Bank Current Account|||500| |Bank Business Reserve Account and|||| |Building Society Account representing:|||| |Life Membership Fund||2|12,250| |Other Fund||5|27,104| ||||39354| |Creditors|||| |Net current assets|||39354| |Net assets|||39354| |Represented By:|||| |General fund|||| |At beginning of the year|||27534| |Surplus for the year|||72| |At end of year|||20562| |Life membership fund|||12250| ||||32812| Malawi Hindu Association ( Notes to the Accounts For the year ended 31 Dece ## 1 Accounting Policies ## Basis of accounting The accounts have been prepared in accordance with accounting standards and un historical cost convention. Tangible fixed assets for use by the charity and depreciation Tangible fixed assets for use by the charity are stated at cost less depreciation. Dep provided at rates calculated to write off the cost or valuation of fixed assets, less th residual value, over their expected useful lives on the following basis: Sports equipment - 100% in year of acquisition Computer equipment - 20% per annum straight line basis ## Income Voluntary income and donations are accounted for as received by the charity. Fundraising Income of £151 received related to prior year. Donations received for fundraising activities are shown as income. ## 2 Membership Fund (a) Life membership subscriptions received are invested and the annual income from t investment is treated as revenue for the year. Life membership fund at the end of the year (b) The number of members are as follows: Life members Annual members ## 3 Fundraising income and expenditure ||Income|||Expenditure| |---|---|---|---|---| ||2021||2020|2020| ||£|£||£| |Bhajans|-|-||-| |Comedy Night|-|-||-| |Play|-|-||-| |Annual Diwali Function|800||151|-| ||800||151|-| 4 Direct charitable expenditure Covid help 5 Other Fund Reserve Bank Balance Life Membership Account Less : Life Membership Fund Charity number: 1026425 UK) cial Statements ber 2021 UK) the Management Committee ber 2021 UK) are pleased to 31 December 2020. olicies set out on tees who served 026425) on 24 3. The objects of on, with the object 2020 and the of the accounts d of the trust. s and believe that trols over the key ns. The Trustees confirm that they UK) the Management Committee 2021 serves, to be are financial nancial activities se accounts, the statements; and e with reasonable hat the accounts aking reasonable s behalf by UK) vities - General fund ember 2020 2020 £ £ - - 151 25 176 #] - 3,327 30 - 87 104 104 72 27,709 27,781 |UK)||| |---|---|---| |As at 31 December 2020||| |||2020| |£|£|| |||2| |-||| |500||| |12,250||| |27,104||| |||39,854| ||-|| |||39,854| |||39,856| |||27,534| |||72| |||27,606| |||12,250| |||39,856| UK) ember 2021 nder the preciation is heir estimated ## that ||2021|2020|| |---|---|---|---| |£||£|| ||12,250|12,250|| ||2020|2019|| ||481|481|| |-||-|| ||481|481|| |||Surplus / (Deficit)|| ||2020|2020|2020| |£||£|£| |-||-|-| |-||-|-| |-||-|-| |-||215|151| |-||215|151| ||2021|2020|| |£||£|| 19956.25 - - - ||2021||2020| |---|---|---|---| |£||£|| ||7,878||7,878| ||20,562||31,476| ||-12,250||-12,250| ||16,190||27,104|