## 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 Chant*s 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¢**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.$97 13.927 Approved by the Boanl d Tn￿8$ on 20 N(r4ember 2024 on rf$ bthair Sanlunu Podder Trustee The note5 on 6 10 7 f￿M Fwt oftW ￿L￿nts. 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