2025-02-09-accounts - Greater Rushmoor Nepali Community

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1 Canada Square London E14 5AA Pembroke House 8 St Christopher’s Place hampshire.accountants Farnborough GU14 ONH hello@hampshire.accountants +44 (0) 1252 279 882 +44 (0) 20 7097 5150

Hampshire Accountants Limited

Mr Gary Ghale Gary Suite 2 Greyholme 49 Victoria Rod Aldershot GU11 1SJ

08 December 2025

Dear Gary,

Accounts for Period ended 09/02/2025

Please find attached final accounts for Gary for the period ended 09/02/2025 [including filleted/abbreviated accounts if appropriate].

Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.

Please do not hesitate to contact us if you have any queries.

Yours sincerely,

Hampshire Accountants

hampshire.accountants | hello@hampshire.accountants Hampshire Accountants Limited - Company number 12835304 € eld edd td

GREATER RUSHMOOR NEPALI COMMUNITY

Charity No. 1106632

Company No.

Trustees' Report and Unaudited Accounts

09 February 2025

GREATER RUSHMOOR NEPALI COMMUNITY Contents

	Pages
Trustees' Annual Report	3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 13
Detailed Statement of Financial Activities	14 to 15

Page 1

GREATER RUSHMOOR NEPALI COMMUNITY Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 9 February 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No.

Charity No. 1106632

Registered Office

Suite 2 Greyholme 49 Victoria Rod Aldershot GU11 1SJ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M. Dangol KC (Resigned 17 March 2024) G. Ghale H. Gurung (Resigned 18 May 2024) M.B. Gurung (Resigned 18 May 2025) R.C. Gurung (Resigned 18 May 2024) R. Gurung (Resigned 19 August 2025) R.D. Rai

Accountants

Hampshire Accountants Ltd Old Town Hall 30 Grosvenor Road Aldershot Hampshire GU11 3DP

Statement of trustees' responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for the charitable company for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;

Page 2

GREATER RUSHMOOR NEPALI COMMUNITY Trustees Annual Report

make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed,
subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditor

So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

G. Ghale Trustee 08 December 2025

Page 3

GREATER RUSHMOOR NEPALI COMMUNITY Independent Examiners Report

Independent Examiner's Report to the trustees of GREATER RUSHMOOR NEPALI COMMUNITY

I report to the charity trustees on my examination of the financial statements of GREATER RUSHMOOR NEPALI COMMUNITY for the year ended 9 February 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mr. B R Thapa ACCA Hampshire Accountants Ltd Old Town Hall 30 Grosvenor Road Aldershot Hampshire GU11 3DP 08 December 2025

Page 4

GREATER RUSHMOOR NEPALI COMMUNITY Statement of Financial Activities

for the year ended 9 February 2025

Unrestricted funds 2025 £ 10,828 632	Restricted funds 2025 £ 104,125 -	Total funds 2025 £ 114,953 632	Total funds 2024 £ 33,128 8
11,460 11,844 15,364	104,125 20,651 20,062	115,585 32,495 35,426	33,136 23,157 9,690
27,208 -	40,713 -	67,921 -	32,847 -
(15,748) -	63,412 -	47,664 -	289 -
(15,748)	63,412	47,664	289
(15,748) 59,703	63,412 -	47,664 59,703	289 59,414
43,955	63,412	107,367	59,703

Page 5

GREATER RUSHMOOR NEPALI COMMUNITY Summary Income and Expenditure Account

for the year ended 9 February 2025

Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year	2025 £ 115,585 115,585 67,396 525 67,921 47,664 47,664	2024 £ 33,136
		33,136
		32,571 276
		32,847
		289
		289

Page 6

GREATER RUSHMOOR NEPALI COMMUNITY Balance Sheet

at 9 February 2025

Company No. Notes 2025 £ Fixed assets Tangible assets 10 2,391 2,391 Current assets Cash at bank and in hand 107,630 107,630 Creditors:Amount falling due within one year 11 (2,654) Net current assets 104,976 Total assets less current liabilities 107,367 Net assets excluding pension asset or liability 107,367 Total net assets 107,367 The funds of the charity Restricted funds 12 Restricted income funds 63,412 63,412 Unrestricted funds 12 General funds 43,955 43,955 Reserves 12 Total funds 107,367	2024 £ 1,099
	1,099 58,604
	58,604 -
	58,604 59,703
	59,703
	59,703
	-
	- 59,703
	59,703
	59,703

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 9 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 08 December 2025

And signed on its behalf by:

G. Ghale Trustee 08 December 2025

Page 7

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

for the year ended 9 February 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 10

GREATER RUSHMOOR NEPALI COMMUNITY

Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations and Legacies 5 Other income Interest Income Membership Fees	Unrestricted £ 10,828 10,828	Restricted £ 104,125 104,125 Unrestricted £ 117 515 632	Unrestricted funds 2024 £ 33,128 8 33,136 23,157 9,690 32,847 289 289 289 59,414 59,703 Total 2025 £ 114,953 114,953 Total 2025 £ 117 515 632	Total funds 2024 £ 33,128 8
				33,136 23,157 9,690
				32,847
				289
				289
				289 59,414
				59,703
				Total 2024 £ 33,128
				33,128
				Total 2024 £ 8 -
				8

Page 11

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Project Together and Community Garden Event costs Restricted Fund expense Wellness and Taichi Project Governance costs 7 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs Salaries and wages Pension costs No employee received emoluments in excess	Unrestricted £ - 10,900 - 944 11,844 Unrestricted £ 1,737 - 8,921 525 3,041 1,140 15,364 of £60,000.	Restricted £ 3,950 3,415 9,236 4,050 20,651 Restricted £ 15,110 - 4,867 - 85 - 20,062 2025 £ 525 2025 16,667 180 16,847	Total 2025 £ 3,950 14,315 9,236 4,994 32,495 Total 2025 £ 16,847 - 13,788 525 3,126 1,140 35,426	Total 2024 £ 7,961 1,450 9,227 4,519
				23,157
				Total 2024 £ 160 2,495 668 276 5,551 540
				9,690
				2024 £ 276 2024 - -
				-

Page 12

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

10 Tangible fixed assets

Cost or revaluation At 10 February 2024 Additions At 9 February 2025 Depreciation and impairment At 10 February 2024 Depreciation charge for the year At 9 February 2025 Net book values At 9 February 2025 At 9 February 2024 11 Creditors: amounts falling due within one year Other taxes and social security Accruals	2025 £ 2,523 131 2,654	Office Equipment £ 1,375 1,817 3,192 276 525 801 2,391 1,099	Total £ 1,375 1,817
			3,192
			276 525
			801
			2,391
			1,099
			2024 £ - -
			-

Page 13

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

12 Movement in funds

Incoming resources (including other gains/losses ) £ 10,000 4,000 5,000 85,125 104,125 11,460 115,585	Resources expended £ (11,797) (670) (4,134) (24,112) (40,713) (27,208) (67,921)	At 9 February 2025 £ (1,797) 3,330 866 61,013
		63,412
		43,955
		107,367






Unrestricted funds £ 2,391 62,059 64,450 At 10 February 2024 £	Restricted funds £ - 42,917 42,917 Cash flows £	Total £ 2,391 104,976
		107,367
		At 9 February 2025 £
58,604	49,026	107,630
58,604 58,604	49,026 49,026	107,630
		107,630

Page 14

GREATER RUSHMOOR NEPALI COMMUNITY Notes to the Accounts

15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

	2025	2025	2024	2024
	Land and buildings	Other	Land and buildings	Other
	£	£	£	£
Operating leases with expiry date:
*Pension commitments*
		2025		2024
		£		£
The pension cost charge to the company
amounted to:		180		-

16 Related party disclosures Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 15

GREATER RUSHMOOR NEPALI COMMUNITY Detailed Statement of Financial Activities

for the year ended 9 February 2025

Income and endowments from: Donations and legacies Donations and Legacies Other Interest Income Membership Fees Total income and endowments Expenditure on: Charitable activities Project Together and Community Garden Event costs Restricted Fund expense Wellness and Taichi Project Total of expenditure on charitable activities Employee costs Salaries/wages Pension costs Staff training Travel and subsistence Premises costs Rent Premises insurances Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Office Equipment Bank charges Information and publications Software, IT support and related costs Stationery and printing	Unrestricte d funds 2025 £ 10,828 10,828 117 515 632 11,460 - 10,900 - 944 11,844 11,844 1,557 180 - 1,737 - - - 30 8,891 8,921 525 35 150 405 1,749	Restricted funds 2025 £ 104,125 104,125 - - - 104,125 3,950 3,415 9,236 4,050 20,651 20,651 15,110 - - 15,110 - - 4,650 217 - 4,867 - 25 - - -	Total funds 2025 £ 114,953 114,953 117 515 632 115,585 3,950 14,315 9,236 4,994 32,495 32,495 16,667 180 - 16,847 - - 4,650 247 8,891 13,788 525 60 150 405 1,749	Total funds 2024 £ 33,128
				33,128
				8 -
				8
				33,136 7,961 1,450 9,227 4,519
				23,157
				23,157 - - 160
				160
				2,495
				2,495
				- 668 -
				668
				276 - - 1,145 -

Page 16

GREATER RUSHMOOR NEPALI COMMUNITY

Detailed Statement of Financial Activities

GREATER RUSHMOOR NEPALI COMMUNITY Detailed Statement of Financial Activities
Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	114 424 164 3,566 1,140 1,140 15,364 27,208 - (15,748) (15,748) - (15,748) 59,703 43,955	- - 60 85 - - 20,062 40,713 - 63,412 63,412 - 63,412 - 63,412	114 424 224 3,651 1,140 1,140 35,426 67,921 - 47,664 47,664 - 47,664 59,703 107,367	162 2,119 2,125
				5,827
				540
				540

				9,690
				32,847 -
				289
				289 -
				289
				59,414
				59,703

Page 17