Taplejung Society UK Charity No. 1152335 Trustees, Report and Unaudited Accounts 31 December 2022 Scanned with Camscanner TapleJun8 Soclety UK Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 2to3 Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 13 7t012 14 P3q• 1 Scanned with Camscanner Taplejung Soclety UK Trustees Annual Report The trustees present thelr report wlth the unaudlted flnanclal statements of the charity for the year ended 31 December 2022. REFERENCE AND ADMINISTRATIVE DEfAILS Charlty No. 1152335 Prfnclpal Offlce 4 Merton Road Basingstoke Hampshlre RG215UA Trustees The following trustees served during the year: B. Darnal D. Gurung N. Gyabu Lama J. Kambang Lingden N. Umbu Sabenhlm J.P. Maden P. Maden J.P. Menyangbo K.R. Menyangbo S. Pandhak S. Tamlim8 Limbu Accountants Asmita & Associates Ltd 114-116 Plumstead High St London SE18 ISJ OBJEcllvES AND ACTIVITIES Taplejung Society UK (TSUK) was established in 2009. Mr Bljaya Llngden and Mrs Koplla Subba had taken special initiative in foundlng the Society and formlng an ad hoc committee under the Chairmanship of Mr Khagendra Pathak In April 2009. The ad hoc commlttee conducted the first general conventlon of the society on 25 October 2009. Now the chalrperson is reselected and trustees are added. Charity is also registered to UK charity commlssion. It has following objectives: To look after charity members, welfare and to conduct social and charltable works, to assist the local level charltles in UK and Taplejung Distrlct In Nepal in Its efforts towards economic and soclal progress and to maintaln close relations with the Local and Natlonal level government bodies in the UK and extend slmilar relations with the government of Nepal. Main artlvity carried out In the period was to make donatlon to the fire victlms to the community In Nepal. Statement of trustees, responsibllltles In relatlon to the flnanclal statements P3a• ? Scanned with Camscanner Taplejung Sodety UK Trustees Annual Report The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the tharity and to enable them to ensure that the financial statements fA)mply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the tharitvs trustees B. Darnal Trustee 19 Ortober 2023 P3•• 7 Scanned with Camscanner Taplejung Soclety UK Independent Examlners Report Independent Examlner's Report to the trustees of Taplejung Soclety UK I report to the trustees on my examlnatlon of the flnanclal statements of Taplejung Society UK for the year ended 31 December 2022 whlch comprise the Statement of Flnancial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. Responslbilities and basls of report As the charity's trustees you are responsible for the preparatlon of the financial statements in accordance with the requirements of the Charitles Act 2011('the Art,). The trustees consider that an audit Is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an Independent examination is needed. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examlnation giving me cause to believe that In, any material respect: the accounting records were not kept in respect of the charity as required by section 13P of the Act; or the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concernlng the form and content of the financlal statements set out In the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnation to whlch attention should be drawn In this report in order to enable a proper understanding of the financlal statements to be reached. LN Pandey ACA, M.Sc. Asmita & Associates Ltd 114-116 Plumstead Hlgh St London SE18 ISJ 19 October 2023 Scanned with Camscanner Taplejung Soclety UK Statement of Financlal Artlvltles for the year ended 31 December 2022 Unrestrlcted funds Total funds Total funds 2022 2022 2021 Notes Income and endowments Charitable activities 31,624 31,624 5,796 Total 31,624 31,624 5,796 Expendtture on: Charitable activities Other 6,869 463 6,869 463 6.060 473 Total 7,332 7,332 6,533 Net gains on investments Net expenditure Transfers between funds 24,292 24,292 (737) Net expenditure before other gains/(losses) 24,292 24,292 (737) Other galns and losses Net movement In funds 24,292 24,292 (737) Recondliatlon of funds: Total funds brought forward 7,906 7,906 8,643 Total funds carrled forward 32,198 32,198 7,906 Scanned with Camscanner Taplejung Soclety UK Balance Sheet at 31 December 2022 Charlty No. 1152335 2022 2021 Flxed assets Tan8lble assets 171 171 214 214 Current assets Cash at bank and in hand 32,447 32,447 (420) 32,027 32,198 9,135 9,135 (1,443) 7,692 7,906 Credltors: Amount falling due wlihln one year Net current assets Total assets less current Ilabllltles Net assets excludlng penslon asset or Ilabllltv Total net assets 32,198 7,906 32,198 7,906 The funds of the charlty Restrlcted fvnds Unrestrfcted funds General funds 10 10 32,198 7,906 32,198 7,906 Reserves 10 Total funds 32,198 7,906 Approved by the trustees on 19 October 2023 And signed on thelr behalf by: B. Darnal Trustee 19 Otcober 2023 Scanned with Camscanner Taplejung Sodety UK Notes to the Accounts for the year ended 31 December 2022 l Accountlni polldes Basls of preparatlon The financlal statements have been prepared In accordance wlth Statement of Recommended Practlce: Accountlng and Reportlng by Charltles preparlng thelr accounts In accordance wlth thfj Ffnanclal Reportlng Standard appllcable In the UK and Republlc If Ireland (FRS 102) Issued on 16 July 2014 and the Financlal Reportin8 Standard appllcable In the Unlted Klngdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Change In basls of accountln8 or to prevlous accounts There has been no change to the accountln8 pollcles (valuatlon rules and method of accounting) since last year and no changes have been made to accounts for prevlous years. Fund attountlni Unrestricted funds These are avallable for use at the dlscretlon of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation fvnds Restricted funds IrKome Recognition of Income Income is included in the Statement of Flnancial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary Income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditlonal entitlement to the income. Tax reclaims on Income from tax reclaims Is Included in the SOFA at the same tlme as the donations and gifts 8ift/donation to which It relates. Donated services These are only included in income (with an equivalent amount In expenditure) and facilities where the benefit to the Charity Is reasonably quantifiable, measurable and materlal. Volunteer help The value of any volunteer help received Is not Included In the accounts. Investment income Thls Is Included In the accounts when receivable. Gains/(losses) On This Includes any 8aln or loss resultln8 from revaluing Investments to market value revaluation of fixed at the end of the year. assets Galns/(losses) on Investment assets Thls Includes any galn or loss on the sale of Investments. Scanned with Camscanner Taplejuni Soclety UK Notes to the Accounts Expendlture Recognltlon of expenditure Expenditure Is recognlsed on an accruals basls. E%pendltUfe Includes any VAT whlch cannot be fully recovefed, and Is reported as part ol the expenditufe to whlch It relates. Expenditure on These compfose the costs 8ssoclated wlth attfactln8 voluntary Income, fundfalsing ralslng funds tradln8 costs and Investmènt management costs. Expenditure on These comprlse the costs Inturred by the Charlty In the dellvery of Its actlvities and charitable attivities services In the furthefance of Its objects, Includlng the maklng ol grants and 80vernance costs, All 8rant expendlture Is accounted for on an actual pald basls plus an accrual lor grants that have been approved by the trustees at the end of the year but not yet pald. These Include those costs assoclated wlth meetlng the constitutional and statutory requlrements of the Charlty, Includlng any audlt/lndependent examination fees, costs Ilnked to the strateglc management of the Charity, together with a share of other admlnlstratlon costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity Is exempt from tax on Its charitable activities. Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which Is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other short-term hlghly Ilquid investments with origlnal maturlties of three months or less and bank overdrafts. In the statement of financlal posltlon, bank overdrafts are shown within borrowlngs or current liabilities. In the Statement of Cash Flows, cash and cash equlvalents are shown net of bank overdrafts that are repayable on demand and form an Integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transactlon price. Other creditors and provlsions are recognised where the charity has a present obligatlon resulting from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligatlon can be measured or estlmated rellably. Credltors and provlslons are normally recognlsed at their settlement amount after allowing for any trade discounts due. P3LVg A Scanned with Camscanner Taplejuni Sodety UK Notes to the Accounts Research and development Expenditure on research and development Is wrltten off In the year In whlch It is Inc(Irred. Forel8n currencles Monetary assets and Ilabllitles denomlnated In currencles other than the functlonal currency of tl tharity are translated at the rates of exchange prevallln8 at the end of the reportlng period. Transactions In currencles other than the functlonal currency of the charlty are recorded at the rate of exchange on the date that the transaction occurred. All exchan8e differences are are taken Into account In arrlvln8 at net Income/expendOture. Leased assets Where the charity enters Into a lease whlch entalls taklng substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operatlng leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reductlon of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, In which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that. lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of Incentlves is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entlty. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not pald are shown In accruals In the balance sheet. The assets of the plan are held separately from the charity in Independently administered funds. Recelpt of donated goods, facllities and servlces All donated goods, facilitles and services received are recognlsed wlthln Incomlng resources and expenditure at an estimate of the value to the charity. P2g• Q Scanned with Camscanner T•pleJuni Socl•ty UK Not•g lo th• Accounti 2 Slatoment ol Flnantlal Acllvllles . ptlor year Unrestflcled lundg Total funds 2021 2021 Incom• and endowmtnts Irom: Charitable activitles Totil 5,796 5,796 5,796 5,796 Expendlture on: Charltable actlvltles Other 5,796 473 6,060 473 Total 6,533 6,533 Net Income (737) (737) Net Income before other £alnsl(losses) Other (alns and losses: Net movement In funds (737) (737) (737) (737) Reconclllatlon of funds: Total funds brou8ht forward Total funds carrled forward 8,643 8,643 7,906 7,906 3 Income from charltable actlvltles Unrestrlcted Total Total 2022 2021 Charltable Donatlons 31,624 31,624 31,624 31,624 5,796 5,796 4 Expendlture on charltable artlvltles Unrestrlcted Total Total 2022 2021 Expendlture on charltable actlvltles Charltable event expenses ' Charitable donatlons 5,406 5,406 1,463 1,463 6,060 Governance costs 6,869 6,060 6,060 Pao• ln Scanned with Camscanner Taplejung Soclety UK Notes to the Accounts 5 Other expendlture Unrestrlcted Total 2022 Total 2021 Amortisatlon, depreciatlon. Impairrnent, profit/loss on disposal of fixed assets Legal and professlonal costs 43 43 53 420 420 420 463 463 473 6 Net expendlture before transfers 2022 2021 This is stated after charging: Depreciation of owned flxed assets 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tanglble fixed assets 43 53 Cost or revaluatlon At l January 2022 At 31 December 2022 Depreclatlon and Impalrment At l January 2022 Depreciation charge for the year At 31 December 2022 Net book values At 31 December 2022 At 31 December 2021 9 Credltors: amounts falllng due within one year 651 651 651 651 437 437 43 43 171 171 171 214 171 214 2022 2021 Other creditors Accruals 1,023 420 1,443 420 420 P3g•11 Scanned with Camscanner Taplejung Sodety UK Notes to the Accounts 10 Movement In funds Incomln8 resources At31 December 2022 (Includlng At l January other 2022 salnsllosses) Resources expended Restrlrted funds: Unrestrfrted funds: General fvnds 7,906 31,624 (7,332) 32,198 Total funds 11 Analysls of net assets between funds 7,906 31,624 (7,332) 32,198 Unrestrlcted funds Total Fixed assets Net current assets 171 32,027 32,198 171 32,027 32,198 12 Reconciliation of net debt At31 December 2022 At l January 2022 Cash flows Cash and cash equivalents 9,135 9,135 23,312 23,312 32,447 32,447 Net debt 9,135 23,312 32,447 Scanned with Camscanner TapleJun8 Soclety UK Statement of Cash flows for the year ended 31 December 2022 2022 2021 Cash flows from operatlng activltles Net expend6ture per Statement of Flnanclal Actlvltles 24,292 (737) Adjustments for: Depreciation of property, plant and equlpment Increase in trade and other payables 43 (1,023) 53 Net cash used In operatlng activitles 23,312 (684) Net cash from Investlng actlvitles Net cash from financlng actlvltles Net Increase in cash and cash equivalents 23,312 1684) Cash and cash equivalents at the beglnnlng of the year 9,135 9,819 Cash and cash equlvalents at the end of the year 32,447 9,135 Components of cash and cash equivalents Cash and bank balances 32,447 9,135 32,447 9,135 Paag12 Scanned with Camscanner Taplejuni Sodety UK Detalled Statement of Financial Actlvities lor the ye•f ended 31 December 2022 Unrestflcted funds Total funds Total lunds 2022 2022 2021 Income and endowments from: Charltable artivities Charltable donations 31,624 31,624 31,624 31,624 31,624 5,796 5,796 Total Income and endowments 31,624 5,796 Expendlture on: Charitable activities Charitable event expenses Charitable donations made 5,406 1,463 6,869 5,406 1,463 6,869 6,090 6,090 Total of expenditure on charitable artlvities 6,869 6,869 6,090 General administrative costs, including depreciation and amortisation Depreciation of 43 43 53 53 43 43 Legal and professional costs Independent examination fees 420 420 420 420 420 420 Total of expenditure of other costs Total expenditure Net gains on Investments 463 463 473 7,332 7,332 6,533 Net expenditure 24,292 24,292 (737) Net expendlture before other galns/(losses) Other Gains 24,292. 24,292 (737) Net movement In funds 24,292 24,292 (737) Reconciliatlon of funds: Total funds brought forward 7,906 7,906 8,643 Total funds carrled forward 32,198 32,198 7,906 P2ag la Scanned with Camscanner