2023-12-31-accounts - Southeast Regional Tamudhee London

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SOUTHEAST REGIONAL TAMUDHEE LONDON

Charity No. 1156809

Trustees' Report and Unaudited Accounts

31 December 2023

SOUTHEAST REGIONAL TAMUDHEE LONDON Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Statement of Cash flows	15
Notes to the Accounts	8 to 14
Detailed Statement of Financial Activities	16 to 17

Page 1

SOUTHEAST REGIONAL TAMUDHEE LONDON Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1156809

Principal Office

60 Panfield Road Abbeywood London SE2 9DQ

Trustees

The following trustees served during the year:

A.B. Gurung C. Gurung H.P. Gurung H.P. Gurung K.B. Gurung K.B. Gurung N.B. Gurung P.K. Gurung S. Gurung S. Gurung Y.P. Gurung

Accountants

Asmita & Associates Ltd 114-116 Plumstead High St Plumstead London SE18 1SJ

Bankers

Natwest Bank

Page 2

SOUTHEAST REGIONAL TAMUDHEE LONDON Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The objectives of the organisation are:

To promote charity programmes for the benefit of public and in particular the gurung families (community) for their welfare and motivation.
To establish a community centre for the Gurkha (Nepalese) community to share the various cultural activities year around.
To organize fund raising campaign for the community centre and its maintenance.
To preserve the religious belief, cultural heritage and identity of Gurungs(Tamus).
To educate and develop skills for the youth to merge into national mainstream with their own cultural identity.
To encourage and educate people to participate in the events like eradicating the anti social elements from the community with health and safety consciousness.
To organize seminars and classes to educate traditional language, literature,
culture, religions belief, health and safety issues focusing on youths from this community.
To create an environment that the facilities of the community centre is being used by all on equal opportunity basis.
To establish a bridge between local council, government and association for legal and financial assistance on acquiring national resources or grants for the betterment of community.

The main activities undertaken in relation to those purposes during the reporting period were: 1. Lhochhar {Gurung New Year) Celebration was organized by the SERTD .lt was participated by local community's leaders and general public.

SERTD had organised DEUSHI and BHAILO programme on occasion of Dashain and Tihar.
Other informal community support had been provided during the year .

Statement of trustees' responsibilities in relation to the financial statements

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).

Page 3

SOUTHEAST REGIONAL TAMUDHEE LONDON Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply 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 charity's trustees

P.K. Gurung Trustee 31 December 2023

Page 4

SOUTHEAST REGIONAL TAMUDHEE LONDON Independent Examiners Report

Independent Examiner's Report to the trustees of SOUTHEAST REGIONAL TAMUDHEE LONDON

I report to the trustees on my examination of the financial statements of SOUTHEAST REGIONAL TAMUDHEE LONDON for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

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 examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination 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 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

LN Pandey FCA, M.Sc. Asmita & Associates Ltd

114-116 Plumstead High St Plumstead

London

SE18 1SJ 31 December 2023

Page 5

SOUTHEAST REGIONAL TAMUDHEE LONDON Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds	Total funds	Total funds
2023	2023	2022
£	£	£

49,201	49,201	21,019
-	-	14,555
14,000	14,000	8,277
13,444	13,444	18,310
76,645	76,645	62,161

56,777	56,777	31,454
9,616	9,616	7,365
66,393	66,393	38,819
-	-	-
10,252	10,252	23,342
-	-	-
10,252	10,252	23,342

10,252	10,252	23,342

338,613	338,613	315,271
348,865	348,865	338,613

Page 6

SOUTHEAST REGIONAL TAMUDHEE LONDON Balance Sheet

at 31 December 2023

Charity No. 1156809 Fixed assets Tangible assets 13 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Unrestricted funds 15 General funds Reserves 15 Total funds	2023 £ 294,478 294,478 55,287 55,287 (900) 54,387 348,865 348,865 348,865 348,865 348,865 348,865	2022 £ 293,871
		293,871 45,672
		45,672 (930)
		44,742 338,613
		338,613
		338,613
		338,613
		338,613
		338,613

Approved by the trustees on 31 December 2023

And signed on their behalf by:

P.K. Gurung Trustee 31 December 2023

Page 7

SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts

for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/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 material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

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 equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents 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 transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking 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 operating 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 reduction 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 incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension 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 entity. 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 paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

SOUTHEAST REGIONAL TAMUDHEE LONDON

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Investments Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations 4 Income from charitable activities Charitable donations	Unrestricted £ 49,201 49,201	Unrestricted funds 2022 £ 21,019 14,555 8,277 18,310 62,161 31,454 7,365 38,819 23,342 23,342 23,342 315,271 338,613 Total 2023 £ 49,201 49,201 Total 2023 £ - -	Total funds 2022 £ 21,019 14,555 8,277 18,310
			62,161 31,454 7,365
			38,819
			23,342
			23,342
			23,342 315,271
			338,613
			Total 2022 £ 21,019
			21,019
			Total 2022 £ 14,555
			14,555

Page 11

SOUTHEAST REGIONAL TAMUDHEE LONDON

Notes to the Accounts

5 Income from investments

5 Income from investments
Rental income 6 Other income Grants received 7 Expenditure on charitable activities Expenditure on charitable activities Charitable event expenses Charitable contributions Governance costs 8 Other expenditure Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs No employee received emoluments in excess of £60,000.	Unrestricted £ 14,000 14,000 Unrestricted £ 13,444 13,444	Total 2023 £ 14,000 14,000 Total 2023 £ 13,444 13,444	Total 2022 £ 8,277
			8,277
			Total 2022 £ 18,310
			18,310

	Unrestricted £ 52,981 3,796 56,777 Unrestricted £ 2,800 5,274 93 1,029 420 9,616 2023 £ 93	Total 2023 £ 52,981 3,796 56,777 Total 2023 £ 2,800 5,274 93 1,029 420 9,616	Total 2022 £ 19,818 11,636
			31,454
			Total 2022 £ - 6,171 - 714 480
			7,365
			2022 £ -

Page 12

SOUTHEAST REGIONAL TAMUDHEE LONDON

Notes to the Accounts

11 Trustee remuneration and expenses

No trustee received any remuneration or expenses during the year.

12 Related party disclosures

There were no related party transactions for the period ended 31 December 2023.

	£ 293,871 - 293,871 - - 293,871 293,871 2023 £	£ - 700 700 93 93 607 -	£ 293,871 700
			294,571
			93
			93
			294,478
			293,871
			2022 £
	900		930
At 1 January 2023 338,613 338,613	900 Incoming resources (including other gains/losses ) £ 76,645 76,645	Resources expended £ (66,393) (66,393)	930
			At 31 December 2023 £ 348,865
			348,865

Page 13

SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts

16 Analysis of net assets between funds

16 Analysis of net assets between funds
Fixed assets Net current assets 17 Reconciliation of net debt Cash and cash equivalents Net debt	At 1 January 2023 £	Unrestricted funds £ 294,478 54,387 348,865 Cash flows £	Total £ 294,478 54,387
			348,865
			At 31 December 2023 £
	45,672	9,615	55,287
	45,672 45,672	9,615 9,615	55,287
			55,287

Page 14

SOUTHEAST REGIONAL TAMUDHEE LONDON Statement of Cash flows

for the year ended 31 December 2023

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments (Decrease)/Increase in trade and other payables Net cash used in operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ 10,252 93 (27,444) (30) (17,129) (700) 27,444 26,744 - 9,615 45,672 55,287	2022 £ 23,342 - (26,587) 480
		(2,765) - 26,587
		26,587

		-

		23,822
		21,850
		45,672

Components of cash and cash equivalents
Cash and bank balances	55,287	45,672

	55,287	45,672

Page 15

SOUTHEAST REGIONAL TAMUDHEE LONDON Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from: Donations and legacies Donations Charitable activities Charitable donations Investments Rental income Other Grants received Total income and endowments Expenditure on: Charitable activities Charitable event expenses Charitable contributions Total of expenditure on charitable activities Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Stationery and printing Subscriptions Telephone, fax and broadband	Unrestricted funds 2023 £ 49,201 49,201 - - 14,000 14,000 13,444 13,444 76,645 52,981 3,796 56,777 56,777 2,800 2,800 1,592 1,979 - 1,703 5,274 93 311 288 430 1,122	Total funds 2023 £ 49,201 49,201 - - 14,000 14,000 13,444 13,444 76,645 52,981 3,796 56,777 56,777 2,800 2,800 1,592 1,979 - 1,703 5,274 93 311 288 430 1,122	Total funds 2022 £ 21,019
			21,019
			14,555
			14,555
			8,277
			8,277
			18,310
			18,310
			62,161 19,818 11,636
			31,454
			31,454 -
			-
			1,616 2,158 317 2,080
			6,171
			- 288 - 426
			714

Page 16

SOUTHEAST REGIONAL TAMUDHEE LONDON Detailed Statement of Financial Activities

SOUTHEAST REGIONAL TAMUDHEE LONDON Detailed Statement of Financial Activities
Legal and professional costs Audit/Independent examination fees Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	420 420 9,616 66,393 - 10,252 10,252 - 10,252 338,613 348,865	420 420 9,616 66,393 - 10,252 10,252 - 10,252 338,613 348,865	480
			480

			7,365
			38,819 -
			23,342
			23,342 -
			23,342
			315,271
			338,613

Page 17