Religious Workship No: 77711 Charity No: 1115907
Telugu Community Association
Accounts
31 March 2024
Telugu Community Association Contents
| Page | |
|---|---|
| Administrative information | 1 |
| Approval statement | 2 |
| Accountants' report | 3 |
| Income and Expenditure | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Telugu Community Association Business Information
General secretary
Mrs Medapati Vijayalakshmi Reddy
President
Veera Brahma Reddy Padala
Treasurer
Nagi Reddy Karri
Accountants
Balaji Accountants (CPAA) 431 Blackpool Road Preston Lancashire PR2 2DU
Bankers
Cumberland Building Society Cumberland House Castle Street Carlisle CA3 8RX
Business address
28 St Marys Street Preston PR1 5LN
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Telugu Community Association
Approval statement
We approve the accounts which comprise of the Income and Expenditure, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts and for providing Balaji Accountants (CPAA) with all information and explanations necessary for their compilation.
Mrs Medapati Vijayalakshmi Reddy (General Secretary)
25 January 2025
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Telugu Community Association
Independent Examiner's report on the unaudited accounts to Telugu Community Association
Independent Examiner's Report to the Trustees of Guru Nanak Cultural and Recreational Centre
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 4 to 7
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act;
or
2.the accounts do not accord with those records [; or
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination] .
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 accounts to be reached.
Mr Ashvin Parekh Date:Balaji Accountants Certified Public Accountants Association 431 Blackpool Road Preston PR2 2DU
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Telugu Community Association Income and Expenditure for the year ended 31 March 2024
| Income Other business income Expenses Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Priest expenses Accountancy, legal and other professional fees Depreciation and loss/(profit) on sale Other business expenses Surplus for the year |
2024 £ 33,692 2,931 7,517 2,987 694 4,605 168 7 3,708 19,686 16,937 |
2023 £ 40,317 1,140 5,244 100 610 2,400 168 8 3,060 11,590 29,867 |
|---|---|---|
4
Telugu Community Association Balance Sheet as at 31 March 2024
| Notes Fixed assets Fixtures and fittings 2 Other fixed assets 3 Current assets Current a/c Cumberland BS Deposit a/c Cumberland BS Paypal Cash in hand Current liabilities Other liabilities and accruals Net current assets Net assets Accumulated funds Balance at start of period Surplus for the year |
85,334 109,271 164 3,278 198,047 2,000 |
2024 £ 65 39,350 39,415 196,047 235,462 218,525 16,937 235,462 |
82,403 95,290 164 3,246 181,103 2,000 |
2023 £ 72 39,350 39,422 179,103 218,525 188,658 29,867 218,525 |
|---|---|---|---|---|
5
Telugu Community Association Notes to the Accounts for the year ended 31 March 2024
1 Income and expenditure analysis
| Income Artibox Membership Donations Other income Other business income Interest receivable Rent, rates, power and insurance costs Rates Light and heat Property insurance Cleaning Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Telephone and fax Stationery and printing TV licence Priest expenses Fees Accountancy, legal and other professional fees Accountants fees Depreciation and loss/(profit) on sale Depreciation Other business expenses Food etc Other expenses |
2024 £ 4,054 5,160 23,669 809 33,692 2,931 808 4,900 1,306 503 7,517 2,987 357 178 159 694 4,605 168 7 1,900 1,808 3,708 |
2023 £ 2,803 9,420 27,005 1,089 40,317 1,140 514 2,985 1,226 519 5,244 100 433 18 159 610 2,400 168 8 1,709 1,351 3,060 |
|---|---|---|
6
Telugu Community Association Notes to the Accounts for the year ended 31 March 2024
2 Fixtures and fittings
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 3 Other fixed assets Premises Property improvements |
2024 £ 36,700 2,650 39,350 |
Fixtures and fittings £ 3,459 3,459 3,387 7 3,394 65 72 2023 £ 36,700 2,650 39,350 |
|---|---|---|
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