## **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 4 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||||||||||||||||