2023-03-31-accounts - Prabashi

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PRABASHI CHARITY NUMBER - 1148232

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

M N Accountancy & Co Chartered Certified Accountants Durning Hall,Earlham Grove London E7 9AB

PRABASHI

YEAR ENDED 31 MARCH 2023

Contents:
	Page no
Report of the trustees	1 to 2
Report of the Independent Examiner	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the financial statements	6 to 7

PRABASHI YEAR ENDED 31 MARCH 2023

Charity Information

Moloy Ghatak Trustee Santunu Podder Trustee Chetan Kashyap Trustee Debabrata Das Trustee Shankar Chaudhury Trustee

Trustees Moloy Ghatak Santunu Podder Chetan Kashyap Debabrata Das Shankar Chaudhury Charity number 1191544 Principal Office Prabashi 116 Central Avenue Hounslow TW3 2RJ Independent Examiner M N Accountancy & Co Chartered Certified Accountants Durning Hall Earlham Grove London E7 9AB Bank Metro Bank

PRABASHI Trustees' Report YEAR ENDED 31 MARCH 2023

The Trustees present their report and the financial statements for the year ended 31 March 2023

Objectives, Structure, governance and management

To advance the education of the public in the various art forms of the Indian sub-continent in any way deemed charitable with the law of England and Wales and particularly but not exclusively by organising workshops, seminars, community events and cultural events.

All the trustees of Prabashi were elected as per their personal choice. The trustees are all unpaid volunteers. Trustees attend regular meetings in order to review roles, responsibilities and discuss governance issues.

The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities and one of the committee member is nominated as chairperson, to monitor the day to day running of the charity.

Trustees and/or principal officers:

The following officers of the charity have held office for the whole of the year.

Moloy Ghatak	Trustee
Santunu Podder	Trustee
Chetan Kashyap	Trustee
Debabrata Das	Trustee
Shankar Chaudhury	Trustee

The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution.

Activities and Achievements:

During the year the charity continued to collect donations from the members of public as well as its members. There are continuous commitment from the users and members to support the charity's activities.

During the year 2022-23, Prabashi extended their activities for the Eleventh year running. During this time the grand Indian festival, Durga Puja was organised yet again and proved to be as popular as the previous year attracting more than Nine and half thousand devotees from across the UK. During this time there were several activities organised by Prabashi. There were prayers conducted several times of the day where the public could take part and learn more about the specific rituals. In the evening there were various cultural activities performed by children and adults. Free lunch and dinner was provide to all the family who were attending the programmes. Over 300 copies of our souvenir, containing various articles contributed by the families of the member, were printed and distributed to our guests.

Review of Transactions and Financial Position:

Please refer to the annexed accounts for the details of the financial statements for the year ended 31 March 2023.

Page-1

PRABASHI YEqR ENDED 31 MARCH 2023 Statement of Tnjstees, Responsibilities. Under the Chants Aca 2011 , the Irustees are required to prepare a statements accounts for exh finanoal year vthich 9¥os a true and faw oflhe st cl affays of tharty at I end of tho financial year and of th8 incThnry re¢<wrnes m the In Irywng tr ststemenl. Ih? lntaeS are req[ to.. . le¢1 surtable accountsng aTrJ Ihem 0)nSleI, ' mak8 jtyents estsnales Ihat are leas?i and wthl, . state vthelher apF4rable accountsrvJ stsndwds aThJ statements ommended pwtre have been loWl. to any material $art discktrsed and explained th& ststwnents ¢4 &XCAJnts. . prepare Ihè linartial 51atements cffi the rAJrryn ba515 unlpss The tnjstees are re5w$1b keepry proper nIty re()yds whKh dtsck)se Thth [eaxaL accuracy at any time the financial p)srtK)n ol the chanty at that Ime and lo enabbE the Irustees to ensu that any statwnent ol x01 Fwared ty them crynpks wth the r•gttsbons uThJer the Charits Ad 2011. They are atso re5Frf)nsth for safeguarding the assets of Ihe trust and hence fLV Ing feasonaL steps for Ihe wevenkn and ¢tection rAfwd * othgr iegUlariti.es Approved by Tntee5 on 18 lkntyr*¢r2024. Signed .. Santunts Pcojer Trustee Pw2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRABASHI

YEAR ENDED 31 MARCH 2023

We have examined the accounts and statements on pages 4 to 7, which have been prepared on the basis of accounting policies set out on page 6.

Respective responsibilities of directors

The charity's trustees also the directors of the company are responsible for the preparation of the accounts.The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is our responsibility to:

examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with our examination, no material matters have come to our attention which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the accounting records we have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Md Nur Hossain FCCA M N Accountancy & Co Chartered Certified Accountants Durning Hall Earlham Grove, London , E7 9AB 18 November 2024

Page-3

PRABASHI CHARITY NUMBER - 1148232 STATEMENTS OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2023 (All income and expenses are unrestricted)

Notes INCOMING RESOURCES Donations and legacies 3 RESOURCES EXPENDED Repair & Maintenance Charitable events Charitableevent management Storage expenses Venue hire Depreciation Advertisements Insurance Printing,postage & stationery Accountancy fees Office expenses NET INCOME /DEFICIT FOR THE YEAR Funds as at 31 March 2022 Funds as at 31 March 2023	2023 2022 £ £ 34,743 22,575 34,743 22,575 1,548 570 13,879 6,306 4,440 1,425 3,903 1,298 11,040 9,539 1,543 1,788 1,825 - 342 - 196 - 600 600 105 731 39,421 22,257 (4,678) 318 18,605 18,287 13,927 18,605

The notes on page 6 to 7 form part of these accounts. Page - 4

BALANCE SHEET AS AT 31 MARCH 2023 21724 2Wd3 Fixod Assets: Fixbjre. fiibrys & equyn 4.277 3.709 4,277 3.709 Curront Assots: Cash at Ba and in hand 21.520 21.520 11,418 11.418 Amount falh'ThJ due withii year 1.2(W) 1.2C 20.320 10,218 N•t 24.597 13.927 Funds Vnre8trictad fvnd8 24.597 13,927 Restricted Funds Total Funds 24.$97 13.927 Approved by the Boanl d Tn8$ on 20 N(r4ember 2024 on rf$ bthair Sanlunu Podder Trustee The note5 on 6 10 7 fM Fwt oftW Lnts. Page-s

PRABASHI

Notes to the financial statements for the year ended 31 March 2023

1.1 Basis of preparation of accounts:

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Charities Act 2011.

1.2 Recognition of income :

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.

1.3 Offsetting:

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP.

1.4 Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

2.1 Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

2.2 Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

The notes on page 6 to 7 form part of these accounts. Page - 6

PRABASHI

Notes to the financial statements for the year ended 31 March 2023

3.Donations and legacies: Donations and gifts Sponsorship Membership subscriptions Donated goods, facilities and services Others 4. Fixed Assets Cost At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 Net Book Value At 31 March 2023 At 31 March 2022 5. Creditors: Independent Examiner's fee Other creditors	2023 £ 28,979 2,764 3,000 - - 34,743 2023 £ 1,200 - 1,200	2022 £ 16,025 3,000 3,550 - -
		22,575
		Fixture, fittings & equipments £ 7,118 2,500 (3,448)
		6,170
		4,366 1,543 (3,448)
		2,461
		3,709
		2,752
		2022 £ 600 -
		600

6. Trustees' Remuneration:

None of the trustees were remunerated.

The notes on page 6 to 7 form part of these accounts. Page - 7