Charlty Registratlon No. 1161010 Company Regl$tratlon No. 08316368 (England and Wales> SHREE KSHATRIYA ASSOCIATION OF UK IA COMPANY LIMrrED BY GUARAKfEE) ANNUAL REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 wii 'ADH5Z47M• 0311212024 COMPANIES HOUSE A09 #283 SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Tru8tMg Mrs C Khatrl (Presldent) Mrs J H Tailor (Vice PresSd&nt) Mr D Khatri (freasurer) Mrs N B Damania Iwice Treasurer) Mr S Motiram {Secretary) Mrs K K Kapadia QlIGe Secretary) Mr B Khatrl (NeV￿letter & Hall Hire) Mrs K Khatri Mr R Kabawala (Events Bookings) MrA Mohanlal (Appoinled 18 October 2023) (Appolnted 6 February 2024> Charlty number 1151010 Company number 08316368 Prlnclpal addra8S 2A Vllli•r8 Rcad Wllesden London NW2 SPH R•gl8ternd offlcè 2A Vllllers Road Wllesd•n London NW2 SPH Audltorn MCT Partnership LLP Chartered Accountants Statutory Auditors I Wdrner House Harrovlan Business Vlllage Bessborough Road Harrow Middlesex HA13EX Bankerg Bardays Bank PLC 810 High Road North Finchley London N129QZ SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Statement of Trustees, responsibiliiie8 Independent auditof8 report Statement of financlal activitles Balance sheet Notes lo the financial siatemenls 10-15 SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tru8tees Pre￿nt Iheir annual report army finan¢hl 8tatements for the year ended 31 March 2024, The financial statements have been prepared in accor(lan¢e the accounting policies set out in note 1 to the financial statement$ and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounling and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts In accordance wlth the Flnanclal Reporting Standard applicable in the UK arnd Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectlves and actlvltles The charity's principal aims and activllies dudng the year were to.. -Promote the Hindu religion. -Advan¢ernent of the education concerning the rellglon and Culture of the K$hatrlya Asscciation. -To relleve person8 who are In conditions of need, hardshlp or distress In any part of the worfd. These alms were made possib16 by Ihe income generated from donallons and membership f••& There have been no changes in the charty's objectlves durlng the year. The trustees have paid due regard to guldance Issued by the Charlty Commlsslon In decldlng what activitles the charty Should undertake. Publ1¢ b•n•fft The prfnclpal actlvltles of the charlty durfng the year contlnued to promote the Hindu religion through cultural and educational exchange. The tN$tees are aware of the Charity Commission guidance on publlc benefit reportlng as sel out In Section 4 Charities Act 2011. The trustees believe that the Charty achieves a public benefit by providing these services a8 detailed in the 'Objectlves and aclivities, section of this report. Rlsk asse$sm6nt The trustees regularty review the risks to which the charity is subject to on a rolling basis in order to protect the atssets and propety of the charity and ensure that Ihey are used lo deliver ItB objeclives. Achievernents and perfomianco The trustees, 88 in prevlou3 years, contlnua to revlw the worklng pr8cllce8 of the charttable company. The prlneApal objeclive of tho trustees remains to contlnue wlh thelr charitable and cultural objectives. W• sucussfvlly hosted a Diwali paty on 17th November 2023 at th• Kadwa Palidar center that was thoroughly enjoyed by our members. A successful Navratrl cek8brallon was held for one nlght along with th? Introduction of a chlldren event to celebrate Diwali. In Decernber we also hosted our Christmas party that was enjoyed by many klds In the Community. We held our annual Mahotsov at The Grove Theatre, We had an extensive programme which was enjoyed by all community members. The Committee continues to support and encourage all members who take part in other charitable aclivilies in r8181ng funds for other proiects. Flnanclal review and reserves policy The charlty's balance sheet has cash reserves of £196.603 (2023: £191.439). and net assets of £409,766 (2023.. £378,927). The tnJ8t8es are eonlldent that the charlly wlll contlnue to generate reser¥es In the future vthich *lll enable It t further its aims and objectives. Stru¢tur•i governanc• and managemont The charity is a company limtted by guarantee is governed by ils Memorandum and Articles ofAsT•ociation. The Executive Commlttee, whlch comprlses of at least 10 trustees. who meet nol less than 6 times per annum. administer the charity. SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees, are also the dlreclor8 for th• purpose of company law, and who served during the year were: Mrs C Khatri (President) Mr8 J H Tailor C¥4ce P￿SIdent) Mr D Khatri cfreasurer) Mrs N B Damania (Vice Treasurer) Mr S Motiram (Secretsry) Mrs K K Kapadla (Vice Secretsry) Mr B Khatri (Newsletter & Hall Hlr•) Mrs K Khatrl Mr R Kabawala (Events Bookings) Mr A Mohanlal Miss T Khatri Mrs T Khatri Mr J Khalrf (Appointed 18 Octobei 2023) (Appointed 6 February 2024} (Resigned 1 April 2023) {Resigned 20 November 2023) (Resigned 10 Octob8r 2023) None of the trustees has any beneficlal Interest In the company. All ol the trustees are members of the company and guarantee lo Gonlribute £1 in the event of a windsng up. Under tha Memorandum andAi*cles ofAssoclation the trustees have statutory powers ol Investsnent. Audltor Tho audltor8. MCT P8rtner8hlp LLP, are deemed to be reappolnled under 8edlon 487(2) of the Companl••A¢t 2006, Dlsclosure of Infomiatlon to audltor Each of the Irustees ha8 confirmed that there18 no Infomjatlon of vthlch they are aware vhllch Is relevant to the audit, but of which the audrtor is unaware. They have further confirmed that they have taken approprlate steps to klenlify such r6le¥ant information and to establish that the auditor are aware of Such information. The Trustees. report was approved by the Board of Trustees. Mr D Khatrf (Treasurer) Trustee Dated.. 24 October 2024 SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. vtho are also the directors ot Shree Kshatriya Association of UK for the purpose of o)mpany law, are responsible for preparing the Trusfees, Rep￿t and the accounts in a￿ordanCe with applicable law and Unrted Kingdom Accounting St8nd8rd8 (Unlled Kingdom Generally Accepted Accountlng Pracllce). Company law requires the trustees to prepare acLounts for each financial year vthich give a true a￿1 fair view of the Slate of affalrs ol the chartty and of the Incomlng resources and applution of rèsources, Including the Income and expendlture, of tl* charitable company for that year. In pr•partng these a¢counls, the tru8laes ar• roqulred to: select sulleble accounting policies and then apply them consistently,. - observe the melhods and prfnclples In the Chariles SORP: . make Judgements and 88tlm8te8 that ara raa80nable and prudent; 8tat8 whether appllcable UK Accounting Standards have been followed, subject to any material departur88 disclosed and explained In the accounts,. and Pfepare the accounts on the going ¢onc•rn ba$1$ unle¥$ 11 1$ inappropriate lo presume that the chaflty wlll continue In operatlon. The trustees are fesponsible for keeplng adequate accounling records that disclose vAth reasonable accuracy at any time the financlal pos￿￿On cf the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable 8tep8 for the prevenuon and detedlon of fraud and other Irregularltbes. SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SHREE KSHATRIYAASSOCIATION OF UK Opinlon We have audlted the financlal 8tatemonts of Shree K8hatriya Association of UK (Ihe 'charty? for the year ended 31 March 2024 which comprise the statemerrt of ffinanaal actlvities, the balance sheet and the notes to the financial slatements. including a summary of significant accounting poficies. The financial reporting frameworl< that has been applled in thelr preparation Is appllcable law and United Kingdom Accounting Standards, Includlng Financiol Reportin9 Standard 102 The Financial Repo￿ng S18ndanJl 8ppllcable h the UK and Republic ol Ireland {Unlted lQ'ngdom Generally Accapted Accountlng Practr'ce). In our opinion, the financial statements.. give 8 true and fair view of the State of tha charltable wmpany's gffalrs as at 31 March 2024 and of its Incomlng re80urces and appllcalion of resour￿8, Includlng its Income and •xpendituro, for the year then ended; have been property prepared In accordance with Unbted Klngdom Generally Acceptsd ACc￿nting PracllL*' and have been prepared in aC￿rdance wlth the requir•ments of the Companle$ Act 2006. 8asl¥ for oplnlon We conducted our audit in accordance wlth International Standards on Auditing (UK) (ISAS (UK)) and appllcable law. Our re3pon$lbllilies under those Standards are further descrlbed in the Auditors responslbllllles lor the 8udil ol the fin8nci81 st8t8menls section of our report. We are independent of the charity in acwdance with the ethical requirement8 that are relevant lo our audll of the ffinancial statements in the UK, includlng tho FRC'S Ethlcal Stsndard. and the provisions avallable for small entrties. in the clrcumslances set OLrt In note 18 to the financlal statements, and we have fulfilled our other ethlcal responslbilities in accordance with these iequirements. We balleve that the audtt evldence we have obtained Is Sufficiont and appropriato to PTovlde a basls for our opirrion. Coneluslong v•lating to golng concern In audltlng the financlal statements, we have ¢onolud•d that the Tru81eeg' uso ol Ihe golng MnGem ba81$ of accounting In the preparation of the financlal statements 18 appropriate. Based on the work w• have performed. we have not klentffied any material uncertalntle* relallng to eventi or conditions that, Indivldually or collectivety, may cast signifflcanl doubt on the charity's ability to corrtinue as a golng concem lor 8 perlod of at least tsvelve monihs from when the financial Statements are authori8ed for i##u•. Our responsibilities and the re5ponsibllltles of the trustees with respect to golng concem are described in the relèvant 88cllon$ of th18 report. Oth•Y Infomiatlon The other informallon comprises the Infomialion included In the annual report other than the fina￿la1 ststement8 artd our auditor's report thereon. The trustees are responsible for the other infomats'on contained within the annual report. Our opinlon on the flnancial statements does not cover the other information and. except to the exient otheplvlse explicltly stsled In our report. wo do not express any form of assurance conclusion thereon. Our responsibility Is lo read the other infomation and. in dcing $0, consider vthether the other information is materially Inconsislenl ￿th Ihe fln8nclal slatements or our knowledge obtained in the course of the 8udit, or olheNise appear$ to be materially mi&siated. If we Identlfy such material inconsistende$ or apparent materlal mlsstatements. we are required to determine vthether this gives rise to a material misstatement in the financial sLqtements thernselves. If. based on the work we have perlomed, we conclude that there is a material misslat8ment of thls other Information, we are required to report that fact. We have nothlng to report In this regard. Oplnlons on other mattern pre￿rIbed by the Cornpanles Art 2006 In our opinion, based on the work undertaken In the eourse of our audit.. the infomialion given in th8 Trustees, reporl for the financial year for vthith the financial staternents are prepared, which Includes the dlrectors, report prepared for the purpo$¢$ of ¢ompany law, ig consistent wlth the financial statements," and the directors, report induded within the Trustees. report has been prepared In accordance with applicable legal requirement5. SHREE KSHATRIYAASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SHREE KSHATRIYAASSOCIATION OF UK Matters on whlch we aro required to report by exceptlon In the light of the knowledge 8nd understandlng of the charlty and Its envlronment obtalned in the course of the autht. we have not klentlfied mater181 ml8slat8monts in tho directorn, r•port included wlthin the Trustees. report. We have nothlng to report Sn respect of the foll(w4ing m8tter8 In rel8tlon lo whlch the C(Knpanle8 Act 2006 requlr•8 us to report to you If, In our oplnion: adequate accounting records have not been kept, or retums adèquate for our audit have not been réceived from branches not visited by us: or the financial statements are not In agreement wllh the accountlng records and retums. or certaln dlsclosures of trustees, remuneration specified by law a￿ not made,. or we have not recelved all the information and explanations we requlre for our audlt,. or the trustees were not entitled to prepare the financlal statements In accordance wlth the small companies regime and take advantage of the small companles, exempiions in preparing the Trustees, report and from th6 requlrement to prepare a strategic rèport. RvJponslbllllles of trusloe• As explalned more fully In the siatemenl of Trust¢e8' re$ponslblliti¢s, the trUStee$, who are also the directors of the charity for the purpose of company law, are re$ponsSble for the preparation ol the financial slalemenls and for being satisffed that they give a tru8 and falr v58w, and for such internal control as the trustees determine 58 necessary to enatAe the preparation of financial statements that are free from material mlsstalement, whether due to fraud or eThor. In preparing th• financlal Statements, the trustee8 are re8pon81ble for 888es8lng Ihe ch8rlty'g abilty to contlnue as 8 going concem, discloslng, as applicable, matters related to going conGem and using the golng concpJn basis of accounting unless the Iruslees e6ther Intend to liquidate the charitable company or to cease operal*)ns, or have no realistic alternative bLrt lo do so. Audltof• r•spon8lbllltl?s for th• •udlt of the flnancl•l 8lat•monts Our obledve5 are lo obtain reasonable assurance about vthether the financlal statements as a whole are free from material mi$slatement, vthether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted In accordance wlth ISAS (UK) ￿11 always detect a mslerlal rnisstaternent when il exists. Misslatements ean arise from fraud or error and are considered material rf. individually or in the aggregate, they r￿Uld reasonably be expected to influence the •conomic declsions of users taken on the basls ol these finandal statements. Irregularlties, including fraud. are Instances of non FOR THE YEAR ENDED 31 MARCH 2024 13 f•nglbl• hx•d ••••t• Fr••hold Spwl Furnitum. Cornput•r PA SyJt•rn land and •qulpm•nl Ilttlr*g• •nd •qulpm•nt bulldlnq• ut•n¥ll• fM•r• Co•t Al l Aprfl 2023 275.497 130 8,621 1,594 288,722 At 31 March 2024 275,497 130 8.621 1.$94 288,722 D•pr•¢l•llon Ind knWmi•nt At 1 Apdl 2023 Dèpmelallw ¢h•rg•d In tha y••r 52,877 7.084 119 6,937 340 512 121 61,621 7.611 83 At 31 MAi¢h 2024 59,941 122 7.2n 833 1,259 89232 f￿￿1￿0 lmount At 31 March 2024 215.556 247 335 217,490 At 31 M8r¢h 2023 222.620 38e 418 225.101 14- SHREE KSHATRIYA ASSOCIATION OF UK (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble fixed assets (Contlnued) The orlglnal cost of land and buildings as acqulred by the unincorporated Association prior to the transfer to thls Assoclatlon was £188.500. 14 Debtors 2024 2023 Amaunts falllng due wlthln one year: Prepoyment8 and 8ccrued Income 16,870 13.793 16 Cv•dltorn: arnounts falllng duo wlthln on• y•ar 2024 2023 Accruals and doferred income 20,997 51,406 16 Share capltal The company is limited by guarantee, not having a share capital divided into shares. In the evenl of the Company being wound up, every member undertakes to conlribute a sum not exceeding £1 17 Analysls of net assels bolween funds Unre8trl¢ted lundg Restrlcted fundi Total Fund balanees at 31 March 2024 afe rep￿Sented by.. Tangible assets Current assetsl(liabllitles) 191,727 192,276 25,763 217,490 192.278 384,003 25,763 409,7e8 18 Audltors, Ethlcal Stsndard The relevant circumstances requiring disclosure in accordance with the requirements of APB Ethical Standard - Provisions Available for Small Entities are that, in common wrth many charities of our size and nature we use our auditor to assist with the preparation of the accounts. 15-