NAVRATRI FESTVAL ASSOCIATION MANCHESTER TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021 Charity No: 1125565 1 NAVRATRI FESTVAL ASSOCIATION MANCHESTER CHARITY INFORMATION |Trustees|Mr Hemant Patel| |---|---| ||Mr Pravin Arjan| ||Mr Mahesh Hathi| ||Mr Sunil Chauhan| |Charity Number|11225565| |Administration Office|33 Arundel Road| ||Cheadle Hulme| ||Manchester| ||SK8 6NX| |Independent Examiner|Y D Associates| ||Chartered Tax Advisers| ||6 Cocksfoot Drive| ||Ashton Under Lyne| ||OL5 9JA| |Bankers|Bank of Baroda| ||50 Swan Street| ||Manchester| ||M4 5JU| 2 |NAVRATRI FESTVAL ASSOCIATION MANCHESTER|| |---|---| |CONTENTS|| ||Page| |Trustees' Report|4 - 5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Note to the Accounts|9| 3 NAVRATRI FESTVAL ASSOCIATION MANCHESTER TRUSTEES' REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021 The trustees present their report and accounts for the year ended 31st December 2021. ## **Trustees** Mr Hemant Patel, Mr Pravin Arjan and Mr Mahesh Hathi and Mr Sunil Chauhan have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. ## **Investment Powers** The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. However, all the surplus funds are currently held in low risk Bank deposit accounts. ## **Constitution, objects and policies** The Charitable Trust is constituted by Trust Deed, and its objects continue to be that of providing social, cultural and religious activities for the duration of 10 to 15 days during the months of September and/or October annually. ## **Financial review** This was a challenging year mainly due to the effects of the pandemic. The trustees endeavoured to ensure continuity of observing the very popular festival of Navratri for the Indian Community. In the process appropriate steps were taken to ensure the safety measures were in place in accordance with guidance laid down by the government to minimise infection. Consequently the Trustees have to report a small surplus in the year in respect of the unrestricted funds of £2,117 as against deficit of £2,799 in the previous year. ## **Statement of trustees' responsibilities** The trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the need of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: - a. select suitable accounting policies and apply them consistently; - b. make judgements and estimates that are reasonable and prudent; - c. state whether applicable accounting standard an statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; - d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. 4 NAVRATRI FESTVAL ASSOCIATION MANCHESTER ## TRUSTEES' REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021 The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and irregularities. ## **Approval** This report was approved by the trustees on 24/09/2022 and signed on their behalf. ## MR HEMANT PATEL 5 NAVRATRI FESTVAL ASSOCIATION MANCHESTER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAVRATRI FESTIVAL ASSOCIATION MANCHESTER FOR THE YEAR ENDED 31ST DECEMBER 2021. We have examined the financial statements set out on pages 7 to 9, which have been prepared under the historical cost convention and accounting policies set out on page 9. ## **Respective Responsibilities of Trustees and Examiner** The Trustees are responsible for the preparation of accounts; they consider that the audit requirement under section 144(2) of the Charities act 2011 does not apply and that and that an independent examination is needed. It is our responsibility to examine the accounts, without performing an audit and to report to the trustees. ## **Basis of Examiners' Statement** Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purposes of this report. The procedures undertaken do not constitute an audit. ## **Examiners' Statement** Based on our examination, no matter has come to our attention: - (1) which gives us reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act: and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Yogendra Dhorajiwala Y D Associates Chartered Tax Advisers 6 Cocksfoot Drive Ashton Under Lyne OL5 9JA 24/09/2022 6 ## NAVRATRI FESTVAL ASSOCIATION MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021 |**UNRESTRICTED FUNDS**
**Receipts**
Season ticket sales

Ticket sales at entrance
Dandya stick sales
Arti receipts
Stalls and canteen receipts
Advertising income
Donations and sponsorship
Bank Interest

**Payments**
Hall hire
7,900
Sound and lights
2,500
Security
3,350
Performing artistes fee
7,436
Live streaming costs 0
Hotel and visa costs for artistes
6,507
Air fares for artistes
7,915
Hall decorations
255
Printing and advertising
725
Dandya sticks and sundries
537
Repairs & renewals 140
Travel & van hire
2,407
Insurance
689
PCR tests 2,004
Bank charges 36
Charity
0
Depreciation
549

**Net movement in funds for the year**
|2021
£
20,000
4,435
364
4,882
5,175
2,250
7,839
44,945
122
45,067







42,950
2,117|2020
£ £
0
0
0
1,286
0
0
2,627
3,913
244
4,157
0
0
0
4,000
900
0
0
0
0
0
175
174
0
0
1
1,001
705
6,956
(2,799)| |---|---|---| 7 ## NAVRATRI FESTVAL ASSOCIATION MANCHESTER FINANCIAL STATEMENT BALANCE SHEET AS AT 31ST DECEMBER 2021 |
**FIXED ASSETS**
Fixtures & fittings [2]
**CURRENT ASSETS**
Sundry debtors
Bank of Baroda - Current Account
Bank of Baroda - Deposit Account
**CURRENT LIABILITIES**
Creditors

**CAPITAL AND RESERVES**
**Unrestricted Funds**
Accumulated reserves b/fwd
Surplus/(Deficit) for the year
**Approved by trustees:**|
£

1,850
11,761
17,822|









|2021
£
1,647





31,433
33,080
30,963
2,117
33,080|
£

0
11,383
17,711
29,094
248
248





|2020
£
2,117
28,846
30,963
£
33,762
( 2,799)
30,963| |---|---|---|---|---|---| ||
31,433||||| ||
0
0|||
|| |||
|||| ## **HEMANT PATEL** 24/09/2022 8 ## NAVRATRI FESTVAL ASSOCIATION MANCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021 ## **1. Accounting policies** a) The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2016)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. b) Voluntary income and donations received in cash are accounted for as received by the charity. No permanent endowments have been received during the period. c) Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the charity's work. This includes the cost of advertising for donations and staging of special fundraising events. d) ) Resources expended are allocated to the particular activity where the cost relates directly to that activity. ## **2. Fixed Assets** **Cost** ` £ Fixtures & fittings Cost at 01/01/2021 9,009 Addition during the year 79 9,088 **Depreciation** Accumulated Depreciation to 01/01/2021 6,892 Depreciation during the year 549 7,441 NBV at 31/12/2021 1,647 NBV at 31/12/2020 2,117 9