2024-03-31-accounts - Prabashi

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PRABASHI CHARITY NUMBER - 1148232

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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

PRABASHI

YEAR ENDED 31 MARCH 2024

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 2024

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 2024

The Trustees present their report and the financial statements for the year ended 31 March 2024

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 2023-24, Prabashi extended their activities for the Twelfth 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 Ten 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 350 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 2024.

Page-1

PRABASHI YEAR ENDED 31 MARCH 2024 Statement of Trustees. Responsibilities. Under I Charits N£1 2011 . lh8 lJusle•s we requved to prepare a staknnents ol Kc(nIS lor exh finanual year whKh gves a true * f•'r vv• of the state of affaw5 cl Ihe charity al the end ol the finanual year and ol the recouTres in the year In prepanNJ the ststemenl, the tsuslees are requwed to. ' make jvdgements and estwnates that afe as0nat4e and pr . state appIate •x(yJntrrwJ slandards and statunents departures dis¢k)sed and eypl•'ned ¥1 the slatwnenls ol jftts acturw at any bme the finarwial cl tr Ch"ty at Ihat twne aid lo erkth Ihe trustees to ensuo Ihat any stmenl of acc1 prEpwed ty them cp1 wth the rewIat¥X under Ihe Charities Act 2011. They e also re¥w"b for safeguardEng the assets of th TNst••s on 20 P4)¥wth 2024. Sanbjnu Pc4lder Tw$tee P•3e2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRABASHI

YEAR ENDED 31 MARCH 2024

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 20 November 2024

Page-3

PRABASHI CHARITY NUMBER - 1148232 STATEMENTS OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 (All income and expenses are unrestricted)

Notes INCOMING RESOURCES Donations and legacies 3 RESOURCES EXPENDED Repair & Maintenance Cleaning 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 2023 Funds as at 31 March 2024	2024 £ 39,142 39,142 708 770 9,796 - 2,119 10,363 2,246 1,096 342 130 600 302 28,472 10,670 13,927 24,597	2023 £ 34,743
		34,743
		1,548 - 13,879 4,440 3,903 11,040 1,543 1,825 342 196 600 105
		39,421
		(4,678) 18,605
		13,927

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

PRABASHI BALANCE SHEET AS AT 31 MARCH 2024 2(f24 2023 Fixed Fwture. fth'ngs & eiwymorts 42n 3,709 4.277 3.709 Cash at Ba li Ind 21.520 21.520 11.418 11.418 Cr•dltors: Arnounl falh'r¥J due withii 1.2LKI 20.320 10,218 24.597 13.927 24.597 13.927 Re5tiicled Funds IFU 24.$97 13.927 Sanlunu Podder Trustee Pa9e.5

PRABASHI

Notes to the financial statements for the year ended 31 March 2024

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 2024

3.Donations and legacies: Donations and gifts Sponsorship Membership subscriptions Donated goods, facilities and services Others 4. Fixed Assets Cost At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation At 1 April 2023 Charge for the year Disposals At 31 March 2024 Net Book Value At 31 March 2024 At 31 March 2023 5. Creditors: Independent Examiner's fee Other creditors	2024 £ 31,136 4,652 3,354 - - 39,142 2024 £ 1,200 - 1,200	2023 £ 26,593 5,150 3,000 - -
		34,743
		Fixture, fittings & equipments £ 6,170 2,814 -
		8,984
		2,461 2,246 -
		4,707
		4,277
		3,709
		2023 £ 1,200 -
		1,200

6. Trustees' Remuneration:

None of the trustees were remunerated.

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