1
## **Company No.7552849 (England and Wales)**
## **INDIABILITY FOUNDATION (IF) UK**
**FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023**
2
## **INDIABILITY FOUNDATION (IF) UK ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023**
## **INDEX**
|**CONTENT**|**PAGE NO.**|
|---|---|
|Company Details|3|
|Directors Report|4|
|Reporting Accountants Report|5|
|Profit and Los Account|6|
|Balance Sheet and Directors Statement|7|
|Notes to the Accounts|8|
|Detailed Profit and Loss Account|9|
3
**INDIABILITY FOUNDATION (IF) UK ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023**
## **INCORPORATION NO.**
7552849
## **INCORPORATED IN**
England
## **DIRECTORS**
Shachi Shah Sneh Lata Gupta Beant Kaler Paulomi Shah Paul Copeland Uma Shah Georgie Hopkins Nilima Majmudar Raxa Mehta
## **COMPANY SECRETARY**
Narotam Lathia
## **REGISTERED OFFICE**
27 Westbere Road London NW2 3SP
## **ACCOUNTANTS**
KETAN PATEL & CO 40a BRITWELL ROAD BURNHAM BUCKINGHAMSHIRE SL18AQ
4
## **INDIABILITY FOUNDATION (IF) UK REPORT OF THE DIRECTORS FOR THE PERIOD ENDED 31 MARCH 2023**
The Directors have pleasure in presenting their Report together with the Accounts of the Company for the period ended 31 March 2023.
## **PRINCIPAL ACITIVITIES**
The Company’s principal activity during the period were to act as resource for young people by providing advice and assistance and organizing programs of physical, educational and other activities.
## **DIRECTORS’ RESPONSIBILITIES**
Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to
- . select suitable accounting policies and apply them consistently
- . make judgments and estimates that are reasonable and prudent
- . state whether applicable 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 company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **RESULTS AND DIVIDENDS**
The results of the Company for the period are shown on page 4-7. The loss for the period was £1,543.
## **DIRECTORS’ INTERESTS**
The company is limited by Guarantee, the liability of the members being limited to £1 each. The company has no subsidiaries.
## **BY ORDER OF THE BOARD**
**Sneh Gupta**
**DATED: 24[th] December 2023**
**______________________**
5
## **INDIABILITY FOUNDATION (IF) UK PERIOD ENDED 31 MARCH 2023**
ACCOUNTANTS’ REPORT ON THE UNAUDITED ACCOUNTS TO THE DIRECTOR OF **INDIABILITY FOUNDATION (IF) UK**
As described on the balance sheet you are responsible for the preparation of the accounts for the period ended 31 March 2023, set out on pages 4 to 7, and you consider that the company is exempt from an audit and a report under section 477 of the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
## **____24[th] December 2023_______________________**
Mr Ketan Patel _**CHARTERED ACCOUNTANT**_
**40a BRITWELL ROAD** BURNHAM **BUCKINGHAMPSHIRE SL1 8AQ**
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## **INDIABILITY FOUNDATION (IF) UK PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2023**
|**NOTES**
TURNOVER
**1(b) & 2**
DONATIONS PAID
ADMINISTRATION CHARGES
(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION
**3**
INTEREST INCOME
TAXATION
(LOSS)/PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION|**2023**
**2022**
**£**
**£**
79,346
22,021
(80,371)
(11,330)
(705)
(663)|
|---|---|
||(1,730)
10,028
187
5
0
0|
||(1,543)
10,033|
The notes on pages 6 to 7 form part of these accounts.
7
## **INDIABILITY FOUNDATION (IF) UK BALANCE SHEET AS AT 31 MARCH 2023**
|**NOTE**
**2023**
**2022**
£
**£**
**CURRENT ASSETS**
Cash at Bank and in Hand
102,672
104,215
**CREDITORS: amounts falling**
**Due within one year**
-
-
**Net Current Assets/ (Liabilities)**
102,672
104,215
______
______
**NET ASSETS/ (LIABILITIES)**
102,672
104,215
=====
=====
**CAPITAL AND RESERVES**
Surplus/ (deficit) in Accumulated funds
3
102,672
104,215
______
______
**Accumulated Funds**
102,672
104,215
=====
=====||
|---|---|
In approving these Financial Statements as Directors of the Company we hereby confirm: -
- (a) that for the year ending 31 March 2023 the Company was entitled to exemption from Audit under section 477 of the Companies Act 2006.
- (b) The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
- (c) The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime’
The Accounts were approved by the Board of Directors on 24thDecember 2023.
**Signature ____________________________Sneh Gupta Director**
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## **INDIABILITY FOUNDATION (IF) UK NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **(a) Accounting convention**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).
## **(b) Turnover**
Turnover represents Donations received from Donors during the period.
## **(c) Taxation**
The company does not account for deferred taxation.
## **(d) Constitution**
Indiability Foundation (IF) UK is a company limited by Guarantee. The liability of the members being limited to £1 each. The company has no subsidiaries. The company is a registered charity, registration no. 1142926.
## **2. TURNOVER**
The turnover and profit before taxation is attributable to the company’s principal activity.
## **3. Analysis of Net Assets Between Funds**
||**Total**|
|---|---|
||**Funds**|
|Balance brought forward|104,215|
|(Loss) for the period|(1,543)|
||**______**|
|**Net Assets**|102,672|
||======|
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## **INDIABILITY FOUNDATION (IF) UK NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023**
Detailed profit and loss Account for the period ended 31 March 2023