## 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 Charit*s 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 st*menl 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•3e*2
## **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