2024-05-31-accounts - Sanaton Association

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K S P ACCOUNTING SOLUTIONS

ACCOUNTANT AND TAX CONSULTANTS

40, Roding Lane North Wood ford green IG8 8NN Tel : 02084983972

SANATON ASSOCIATION

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31ST MAY 2024

COMPANY NO : 3376786

Directors

SANATON ASSOCIATION Company Information Mr Rabin Paul Mrs Shelly Goswami Mr Himangsu Goswami Mr Mrinal Sarker

Page 1

SANATON ASSOCIATION

REPORT OF THE DIRECTOR

The Directors present their Annual Report with the financial statements of the company for the year ended 31st May 2024

RESULTS

The results for the year after taxation are stated on page 3 of the financial statements

REVIEW OF BUSINESS

The principal activity of the company is that of Promoting Hindu Religious activities and Bengali Culture.

DIRECTOR'S RESPONSIBILITIES

Company Law requires the director to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements the director is required to :

select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Director is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the financial statements comply with the Companies Act 2006.He is 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.

FIXED ASSETS

Movement in fixed assets is as shown in note 2 to the financial statements.

The report was approved by the Board of Trustees and signed on its behalf by

Mr Himangsu Goswami ( Director)

Mr Mrinal Sarker ( Director)

Mrs Shelly Goswami ( Director)

Approved by the Board:28/02/ 2025

Page 2

SANATON ASSOCIATION

ACCOUNTANTS' REPORT FOR THE YEAR ENDED 31ST MAY 2024

IN ACCORDANCE WITH INSTRUCTIONS GIVEN TO US, WITHOUT CARRYING OUT AN AUDIT, WE HAVE PREPARED THE ANNEXED FINANCIAL STATEMENTS ON PAGES 1 TO 6 FROM THE ACCOUNTING RECORDS OF SANATON ASSOCIATION AND FROM INFORMATION AND EXPLANATIONS GIVEN TO US BY THE DIRECTORS.

K S P ACCOUNTING SOLUTIONS 40, RODING LANE NORTH WOOD FORD GREEN IG8 8NN

DATED : 28/02/ 2025

Page 3

SANATON ASSOCIATION

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MAY 2024

2024 INCOME 75,047 Administrative Expenses 63,430 EXCESS OF INCOME OVER EXPENDITURE 11,617 FOR THE YEAR INTEREST RECEIVABLE EXPENDITURE OVER INCOME ON ORDINARY ACTIVITIES BEFORE TAXATION 11,617 Tax 2,185 INCOME on ordinary activities after taxation 9,432 INCOME for the financial period 9,432 RETAINED INCOME brought forward 728,902 RETAINED INCOME carried forward 738,334	2023
	91,159 32,153
	59,006
	59,006
	- 59,006
	59,006 669,896
	728,902

None of the company's activities were acquired or discontinued during the above two financial years.

The company has no recognised gains or losses other than those dealt with in the income and expenditure accounts.

The annexed notes form part of these financial statements.

SANATON ASSOCIATION

page 4

BALANCE SHEET AS AT 31ST MAY 2024

notes £ Fixed Assets 3 Current Assets Other Debtors 2,500 Cash at Bank and in hand 32,783 35,283 Current Liabilities Loan 5,000 Other Creditors 482 Corpoartion Tax 2,185 7,667 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS (CURRENT LIABILITIES) Long Term Liabilities Creditors amounts falling due 4 after more than one year Total Assets less Total liabilities Accumulated fund Excess of Income over expenditure		2024 £ 710,719 27,616 738,335 - 738,335 728,903 9,432 738,335		2023 £

				710,898 150 25,355
				25,505 7,500 -
				7,500 18,005
				728,903
				728,903
				696750 32,153
				728,903

Page 5

SANATON ASSOCIATION

BALANCE SHEET AS AT 31ST MAY 2024 (continued)

a) For the year ending 31st May 2024 the company was entitled to exemption from audit under sction 477 of the Companies Act 2006.
b) Directors' responsibilities :

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.

Signed on behalf of the Board of Directors

Mr Himangsu Goswami ( Director )

Mr Mrinal Sarker ( Director)

Mrs Shelly Goswami ( Director)

Approved by the Board: 28/02/ 2025

The annexed notes form part of these financial statements

Page 6

SANATON ASSOCIATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2024

1 . STATEMENT OF ACCOUNTING POLICIES

a) Accounting convention:

The accounts have been prepared under the historical cost convention.

b) Depreciation and amortisation:

Depreciation is provided in order to write down the original cost ( or valuation) of fixed assets to residual value over their expected useful lives.

The reducing balance method is employed at the following rates:

Furniture,Fittings & Equipment 20% reducing balance
c) Stock:

Stock is valued at lower of cost and net realisable value, cost being the original charge for the items computed on a first-in-first-out basis.

d) Turnover:

Turnover represents The Donations, Membership fees and other fund

e) A cash flow statement in accordance with Financial Reporting Standard 1 has not been prepared on the grounds that the company qualifies as a small company and is therefore exempt from this requirement.
2 Turnover represents the total donations and subscriptions received for organising different social Festival & Cultural events during the year.

page 7

3 .

SANATON ASSOCIATION

FOR THE YEAR ENDED 31ST MAY 2024

TANGIBLE FIXED ASSETS Cost as at 01.06.2023 Additions Disposals As at 31.05.2024 Depreciation as at 01.06.2023 Charge for the year Disposals As at 31.05.2024 Net Book Values As at 01.06.2023 As at 31.05.2024	Furniture, Fittings & Equipment £ 3,379 3,379 3,278 20 3,298 101 81	Durga Protima £ 3,800 3,800 3,002 160 3,162 798 638		Building 710,000 710,000 710,000 710,000	Total
					£ 717,179 0
					717,179
					6,280 180
					6,460
					710,899
					710,719

Creditors amounts falling due after more than one year

SANATON ASSOCIATION

page 4

BALANCE SHEET AS AT 31ST MAY 2024

notes £ Fixed Assets 3 Current Assets Other Debtors 2,500 Cash at Bank and in hand 32,783 35,283 Current Liabilities Loan 5,000 Other Creditors 482 Corpoartion Tax 2,185 7,667 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS (CURRENT LIABILITIES) Long Term Liabilities Creditors amounts falling due 4 after more than one year Total Assets less Total liabilities Accumulated fund Excess of Income over expenditure		2024 £ 710,719 27,616 738,334 - 738,334 728,902 9,432 738,334


				S	ANATON	ASSOCIA	TION

				N	OTES TO	THE ACC	OUNTS
			F	OR TH	E YEAR E	NDED 31S	T MAY 2	024

	Detailed Ex	penses Su	mmary

	Payments
	total	grocery	cleaning	pps	security	Van hire	Insurance	Hall Hire	travel	sound	advert	priest	misc	artisits	Stage	Monitorin	gpuja exp
	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£

Durga Puja	38,820	19,407	212					11,000		5,450		751		300	1330		370
	-
Kali Puja	5,394	864	100					4,000				130		300
	-
Swarasati Puja	625	625
	-
Agm/Reunion	355	355
	-
Holly	256	56								200
	-
Other Event	1,870	1,800								70

Kirtan	-
	-
Mahalaya	1,125	615								100				410
	48,445	23,722	312	-	-	-	-	15,000	-	5,820	-	881	-	1,010	1,330	-	370

	Income note	s

Advertisement		£
	Megazine

	Bill Board
Cash
Durga Puja	2,856

Kali Puja	1,394

Swarasati Puja	625

Other Event	1,800

Holly	256

Mahalaya	510
		7,441