NAVRATRI FESTVAL ASSOCIATION MANCHESTER TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023
Charity No: 1125565
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER CHARITY INFORMATION
| Trustees | Mr Hemant Patel |
|---|---|
| Mr Premji 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 | State Bank of India |
| Carlton House | |
| 18 Albert Square | |
| Manchester | |
| M2 5PE |
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| 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 |
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER
TRUSTEES' REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2023
The trustees present their report and accounts for the year ended 31st December 2023
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Trustees
Mr Hemant Patel, Mr Premji 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
The trustees have faced challenges set by the rising cost of living but have continued to ensure continuity of observing the very popular festival of Navratri for the Indian Community.
Consequently the Trustees have to report a marked decrease in surplus in the year in respect of the unrestricted funds of £256 as against a small surplus of £14,906 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:
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a. select suitable accounting policies and apply them consistently;
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b. make judgements and estimates that are reasonable and prudent;
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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;
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d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER
TRUSTEES' REPORT
FOR THE YEAR ENDED 31[ST] DECEMBER 2023
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 12/08/2024 and signed on their behalf.
MR HEMANT PATEL
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NAVRATRI FESTIVAL ASSOCIATION MANCHESTER FOR THE YEAR ENDED 31ST DECEMBER 2023.
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:
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(1) which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act: and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Yogendra Dhorajiwala Y D Associates Chartered Tax Advisers 6 Cocksfoot Drive Ashton Under Lyne OL5 9JA
12/08/2024
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| UNRESTRICTED FUNDS Receipts Entrance ticket sales Dandya stick sales Arti receipts Stalls and canteen receipts Advertising income Donations and sponsorship Bank Interest Payments Hall hire 13,750 Sound and lights 4,300 Security 3,680 Performing artistes fee 19,019 Hotel and visa costs for artistes 4,968 Air fares for artistes 7,013 Hall decorations 5,731 Printing and advertising 87 Dandya sticks and sundries 604 Repairs & renewals 594 Travel & van hire 906 Insurance 461 Sundries 708 Donation 1,001 Bank charges 58 Depreciation 309 Net movement in funds for the year |
2023 2022 £ £ £ 44,540 43,170 906 837 6,788 5,855 6,175 4,300 1,250 0 3,711 3,799 63,370 57,961 75 107 63,445 58,068 9,900 3,000 1,900 10,438 5,111 6,068 1,207 1,215 468 1,589 1,835 0 0 20 411 63,189 43,162 256 14,906 |
|---|---|
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER FINANCIAL STATEMENT
BALANCE SHEET AS AT 31ST DECEMBER 2023
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 for the year |
£ 1,101 25,753 25,001 |
2023 £ 927 47,314 48,241 47,985 , 256 48,241 |
£ 2,201 26,638 17,911 46,750 0 0 |
2022 £ 1,236 46,750 47,986 £ 33,080 14,906 47,986 |
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|---|---|---|---|---|---|
51,855 |
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4,541 |
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4,541 |
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Approved by trustees:
HEMANT PATEL
12/08/2024
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NAVRATRI FESTVAL ASSOCIATION MANCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023
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 01/01/2023 9,088 Addition during the year 0 9,088 Depreciation Accumulated Depreciation to 01/01/2023 7,852 Depreciation during the year 309 7,161 NBV at 31/12/2023 927 NBV at 31/12/2022 1,236
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