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 1 ## **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 2 ## **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 3. 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_ 3 ## **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| |---|---|---| 7