SOUTHEA5f REGIONAL TAMUDHEE LOPIDON Chath 140. 1156809 Tiust••s' R•port al Unaudlted Accounts 31 Oecember 2024
SOUTHEAST REGIONAL TAMUDHEE LONDON Content5 Pa8es 2to3 Trustees, Annual Report Independent Examiner's Report statement of Flnancial Actlvltles Balance Sheet Statement of Cash flow5 14 Notes to the Accounts 7t013 Detalled Ststernent of Flnanclal Activitles 15to16 Page I
SOUThEA5T REGIONAL TAMUDHEE LONDON Truste Annual Report The trustee5 preseiit thelr report wlth the unaudlted flnanclal statements of the charlty for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Charlty No. 1156809 Prfndpl Offl¢• 60 Panfleld Road Abbeywood London SE2 9DQ Truit•e$ The following trustees served durlng the year: A.B. Gurung C. Gurung H.P. Gurung H.P. Gurun8 K.B. Gurun8 K.B. Gurun8 N.B. Gurun8 P.K. Gurun6 S. Gurung S. Gurun8 Y.P. Gufung Ind•pend¢nt Ex•mlner Asmlta & Assoclate5 Ltd 114-116 Plumstead Hi8h 5t Plumstead London SE18 ISJ 8afik•rs Natwest Bank Page 2
SOUTHEAST REGIONAL TAMUDHEE IONDON TNstoes Anfiual Report 08JEcnvES AND AThvmES The objettives of the organlsatltsn are: To promote charlty pro8rammes for the benefit of publlc and In particular the 8urun8 famSlles {communlty) for thelr wellare arKI motlvatlon. To establlsh a communlty centre for the Gurkha (Nepalese) communlty to share the varlous cultural actlvitles year around. • To oT8anlze fund r8islng campalgn for the communlty centre and Its malntenance. To pre5erye the rell8ious bellef, tultural herltage and Identity of Gurun8s(Tamu5). • To educate and develop 5kllts for the youth to mer8e Into national mainstream wlth thelr own cultural Identlty. To encourage and educate people to partl¢ipale in the event5 like eradicating the antl soclal elements from the ¢ommunlty with health and safety consclousn¢ss. • To or8anize semlnars and classes to educate tradltlonal lan8ua8e, literature, ulture, rell8lons bellef, health and safety Issues focu51n8 on youths fiom thls communlty. To treate an envlronment that the facllltles ol the communlty centre Is bein8 used bv all on equal Dpportunlly b1$. • To establlsh a brldge between local councll, government and assoclatlon for legal and flnanclal assistance on acqulrln8 natlonal resources or 8rants lor the bettermenl of communlty. The maln actlvitles undertaken In relatlon to those purposes durlni the reportlng perlod were: l. Lhochhar {Gurun8 New Year) Celebratlon was organlzed by the SERTD .It was partlclpated by lo¢al communlty's leaders and general publlc. 2. 5ERTD had organ15ed DEUSHI and BHAILO programme on ottaslon of Dashaln and Tlhar. 3. OthLY Informal communlty SUPPQrt had been provlded durln8 the yaar . si•t•m•nt ol trust••s' 1•sponslbllltlo1 In r•l•tlon to the finan¢lal ¥t•tements The charlty trustees are respon51ble for prepafln8 a trurtees, annual report and flnanclal statements In accordance wlth appllcable law and Unlted Kln8dom Accountln8 Standards (Unlted Kin8doM Généfally Accepted Aceountln8 Practlc•). The tru$tee$ are re5poTrsible for keepin8 proper accountlng records that dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the charlty and to enable them to ensure that the financlal Statements ccmply wlth the Charltles Act 2011, the appllcable Charltles (Accounts and Report5) Regulatlon5, and the prov151ons of the Tf U5t deed. The Trustees are also respon51ble for safeiuardSn8 the a55els of the charlty and hence taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularfries. Slgned on be P.K. Gurnng Trustee 09 May 2025 If f the charity's trustees Page 3
SOUTHEAST R£GIONAI TAMUDHEE LONDOM Independent ExamlnOTS Roport Independent Examlnerfg Report to the trustees of SOUTHEAST REGIONAL TAMUDHEE LONDON I report to the trustees on my examlnatlon of the flnanclal statements of SOUTHEAST REGIONAL TAMUDHEE LONDON for the year ended 31 Decernber 2024. R•sponglbllftles and basls of report As the charlty'5 trustees you are responsible for the prèparatlon of the financial statements In accordance wlth the requlrements of the Charltle$ Act 2011 ('the Act,). I report In respett of my examlnation of the charfty's financlal stalements carried out under section 145 of the 2011 Art and In carrylng out my examlnatlon I have followed all the appllcable Dlrectlons glven by the Charlty Commlsslon under section 145151(bl of the Act. Indap•ndent ex•mln•rfs statement I have completed my examlnation. l Can conflrrn that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvln8 me cause to belleve that in any materlal re5pert; • the arxountin8 records were not kept In respect of the thailty as requlred by sertion 130 of the Act: or the flnoncSal statements do not accord wllh those record5; cr the flnanclal statements do not comply wlth the appllcable requlrements concernln8 the form and ont•nt of flnanclal statements set out In the Charlties (Attounts and Reports) Re8ulatlons 2008 other than any requlrement that the financlal statement5 give • *rue and falf, vlew whlch Is not a matter ¢onsldered as part of an Independent examlnatlon. I have no concerns ind have corne across no oiher matters In Connection wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to onable 8 proper understandln8 of the financlil statements to be reached. LN Pandey FCA, M.Sc. Asmita & AssocSales Ltd 114-116 Plumstead Hl8h St Plum5tead London 5E18 ISJ 09 May 2025 Page 4
SOUTHEAST REGIONAL TAMUDHEE LONDON Statement of Flnanclal Actl¥ltles for the year ended 31 December 2024 Unrestrl¢t•d funds Total lund5 Tolal lunds 2024 2024 2023 hlote$ Incom• •nd endowm•nts from: Donatlons and leqacles Investments Other 31,697 14.760 31,697 14,760 49,201 14,000 13,444 Total 46,457 46,457 76,645 Exp•ndltur• on.. Charitable activitie5 Other 29,140 6,368 29,140 6,368 56,777 9,616 Total 35,508 35,508 66,393 Net 8alns on IestMentS Il•1 Incom• 10,949 10,949 10.252 Trarb5f¢r$ between funds Incom• b•lore oth•r ¢alnsl(loss•J) 10,949 10,949 10,252 Oth•r ylns and IoNo$ N•1 mov•ment In funds 10,949 10.949 10,252 R•¢ondll•tlon of lund$: Total funds brau8ht forward 348,865 348,865 338.613 Total cwrled lorw•rd 359 814 359.814 348 865 Page 5
SOUTHEAST REGIONAL TAMUOHEE LONDON Balance Sheet at 31 December 2024 Ch•rfty No. 1156809 2024 2023 Flx•d assets Tanglble assets 294,357 294,357 294,478 294.478 Current aysets Cash at bank and In hand 66.777 66,777 11,320 65,457 359,814 359,814 55,287 55,287 (900) 54,387 crnd1t0. Amount falllng due wlthln one year Net ¢uNent •55etJ 13 Total aisets less current Ilibmllles 348,865 348,865 N•t •gMts •¥¢ludln& p•nsk)n •sJet or Ilablllty Tol•l n•t Mslti 359,814 348.865 The lunds of the (harlty R•Jtrlct•d lund% Unrestrfrted funds General funds 14 14 359.814 348,865 359,814 348,865 R•sami 14 Totd lunds 359,814 348,865 Approved by the trustees on 09 May 2025 And gned on thelr behalf bv: P.K. Gurun Trustee 09 May 2025 Page 6
SOUTrIEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts for the year endod 310•(emb•r 2014 l A¢countlng pollcl•s B$ of prep•ratlon The financlal statements have been prepared In accordance wlth Statement of Recommended Prartice., Actounting and Reportin8 by Charltles preparln8 thelr accounts in attordance with the Finantlal Reporting Standard appllcable in the UK and Republic if Ireland IFRS 102) Issued on 16 July 2014 and the Flnanclal Reportlng Standard appllcable ln the United Kln8dorn and Republlc of Ireland IFRS 102) and the Charltle5 Art 2011. Chan8e In hasls of attatI or to Pmvloui •ttounts There has been na than8e to the accountin8 policles Ivaluatlon rul•s and method of accountln81 slnce 1aM year and no than8es have been made to att¢unts for pre¥lous years. Fund •¢wuntlni Unrestrlcted funds These are available for use at the dlscrellon of ihe trustees In furtherance of the 8eneral objects of the charity. Deslgnèted fur$ These are unrestflcted funds earmafked by th• trustee5 for particular purposes. Revaluatlon funds These are unrestrlcted fund5 whlch Indude a revaluatlorn reserve representlng the restatement of Investment assets at thelr ffl)rket values. These are avallable lor use subject to re5tri¢tions imposed by the donor or throu8h terms of an appeal. Restrlcted funds Inrne Reco8nltion of Income Income Is Induded In the Statement of Flnanclal Actmtles {SoFA) when the charlty becomes entitled to, and vlrtualty certaln to recel¥e, the Income and the amount of the Income can be melsufed wlth sufflclent rellablllty. Income wlth related Where Income has related expendlture the Income and related empendlture 1$ •xp¢ndlture reported 8fOSS In the SOFA. Dorbatlon$ and legacle$ Voluntary income fecelved by way of 8Tant5, donatlon5 and glfts is included in the the SOFA when recelvable and only when the Charlty has unconditlonal entltlement ¢0 the Income. Tax reclalms on Income from tax redalm5 Is Included In the SOFA at the same tlme a5 the donations and 8ifts 8lft/donatlon to whlch It relate5. Donated servlces These are only Included In Income (wlth an equlvalent amount in expendlture) and facllitie5 where the beneflt to the Charlty Is reasonably quantlflable, measurable and materS41. Volunteer help The value of any volunteer help received Is not Included In th• accounts. Investment Income This Is Included In the accounts when recelvable. G•lns/(10sses) on This includes any 8aln or loss Tesultln8 from revalulng lftvestments to market value revaluatlon of flxed at the end of the year. assets Galn51llosses) an Investment assets Thls Includes any Aaln or loss on the sale of Investrnents. Page 7
SOUTHEAST REGIONAL TAMUDHEE LONDON Notés to the Acmunts Expendlture Reco8nltion ol expendlture Expendlture Is retO8nlsed on an accruals basis. Expenditure Includes any VAT whkh cannot be fully recovered. and Is reported as part of the expendlture to whkh it relates. Expenditure on These comprtse the ¢osts assoclated wlth attractln8 voluntary Income, fundraSsln8 ralslng funds tradln8 C05t5 and Investment management costs, Expendlture on These comprlse the costs Incurred by the Charlty In the dellvery of It5 artivltles and charltable activltles servlce5 In the furtherance of Its objects, 5ndudlng the makln8 of grants and governance costs. All grant expendlture Is accounted lor on an actual pald basls plus arn accrual for vants that have been approved by the trustees at the end ol the year but not yet pald. These Inelude those costs assoclated wlth meeting the constitutlonal and statutory requlrements of the Charity. includin8 any audltllndependent examination fee5, costs Ilnked to the strateglc mana8emeTrt of the Charlty, tO8ether wlth a share of other admlnlstratlon tosts. Other expendlture These are sUPPOrt costs not allocated to a partlcular ac¢lvlty. Grants payoble Governance costs Taxallon The charltyls exempt from tax on Its charltable artlvltle5. Fr••hold Inv•Jtni•nt prop•rty Investment propertle5 are measured Initlally at ¢0St and wb5equently Jt falw value at each balance sheet date and are not depreclated. All 8alns oi losses are taken to the Statement of Flnanclal Actlvltles a5 they rlse. Stothi Stock Is Included at the lowef of cost or net realisable value. Oonated items of stock are reco8nlsed at falr value whlch Is the amount the charfty would have been wllllng io pay for the Items on the operb market. Tr•de and oth•r debtors Trode and other debtors are reco8nlsed at the settlement amount due after any trade discount gffered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Caih and $b •qulvalents Cash and tash equlvalents comprlse cash at b3nk and on hand. demand deposlts wSth banks and other 5hort-term highly Ilquld Investment5 wlth orl8inal maturitles of three months or less and bank overdrafts. In the statement of financlal posltlon, bank overdrafts are shown within borrowings or current liabilitie5. In the Statement pf Cash Flows, cash and cash equlvalents are shown net ol bank overdrafts that are repayable on demand and form arn Integral part of the company's cash management, Trnd• and OtIr credltors Short temi credltors are rneasured at the transactlon prfce. Other ¢redStors and provlslons are reco8nlsed where the charlty has a present obll8atlon resultln8 from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obll8atlon can be measured or estlmated rellably. Credltors and provlslons are normally recognised at their settlement amount after allowin8 for any trade discounts due. Page 8
SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts R•s•arth and development Expendlture on researth and development Is written off In the year In which it Is Incurred. Forel8n currendes Monetary assets and Ilabllitles denomlnated In currendes other than Ihe fun¢tlonal currency of th* charlty are translated at the rate5 of exchange prevallln8 at the end ofthe reportlng pertod. Transactlons In currencles other than the functlonal Currency of the tharlty are recorded at the rate of exchange the date that the transactlon occurred. All exchange dlfferences are are taken Into account in arrlvin8 at net Income/expendlture. Leased •ssetJ Where the chorlty enters Into a lease whlch entalls taklng substantlalty all the rfsks and rewards of owner5hlp of an a$seL the lease15 treated as a flnance lease. Leases which do not transfer substantlally all the rlsks and rewards of ownershlp to charlty are classlfled s operating leases. Assets held under finance leases are Inltlally recognlsed as assets of the charlty at thelr falr value at the Inceptlon of the lease or, If lower, at the present value of the mlnlmum lease payment$. T correspondln8 Ilablllty to the lessorls Included In the balance Sheet dale as a flnance lease obllsatlon. Lease payments are apportloned between finance expenses and reductlon ol the lease obllgatlon so as to a¢hleve a constant rate of Interest on the remalnlng balance of the IlabllSty, Flnance empenses are reco8nlsed Immedlately, unless they are dlrectly attrlbutable to qualifying 455et5, In whlch case they are capitalised In accordance with the charlty's pollry on borrowlng costs. Assets hold undèr Ilnance leases are depreclated In the same way as owned assets. Operotlng lease payments are reco8nlsed as an expense on a 5tralBht-Ilne basls over the lease term. In the event that lease Incenll¥es are recelved to enter Into operatln8 leases, such Incentfves •re recognlsed as ? Ilabllity. The 888re8ate benellt of Incentive5 15 recognlsed a5 a reductlon of rental expense on a straiRht-Ilne basis. panOft costs The charlty operate5 a defined contribution plan for Its employees. A deflned contrlbutlon plan15 a penslon plan under whlch the charfty pays fixed contrlbutlon5 into a separate entlty. Once the Jntributlon5 have been pald the charlty has no further payments obll8atltsns. The contrlbutlons are reco8nlsed as expense5 when they fall due. Amounts not pald are shown In accru?1s in the balance Sheet. The assets of the plan are held separately from the charlty In Independently admlnlstered funds. Recelpt ol don•t•d ioods, facllltles and $ervl¢ All donated goods, facllltles and seNlces re¢elved are reco8nlsed wlthln Incomln8 resources and expendlture at an estlmate of the value to the charSty. Page 9
SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Accounts 2 Ststefflent of Flnanclal Artlvltle$- prlor y•ar Unrestrlded lunds Total funds 2D23 2025 Incoffl• •nd endowment$ Irom: Donations ?nd le8acles Investments 49,201 14,0 13,444 49.201 14,000 13,444 Other Total 76,645 76,645 Expendlture on: Charltable actlvltles 56,777 9,616 56,777 9,616 Other 7ot•l 66.393 66,393 Net Incom• 10,252 10,252 N•t Income before other ialnsl(10sse5) Oth•r 8•lns and lossai: Nrt fflov•m•nt In funds 10,252 10,2S2 10,252 10,252 Recon¢llla¢lon ot funth: Total funds brought forward Totil funds ¢•rrled hrward 338,613 338.613 348,865 348.865 3 InMm• Irom doftatlons and l•ycl•s UnMStrl¢t•d Tot•1 2024 Total 2D23 Donatlons 31.697 31,697 31,697 31,697 49.201 49,201 4 Income Irom Investments Unrestrlrted Total 2024 Total 2023 Rental Income 14.760 14,760 14,760 14,000 14.000 14,760 Page 10
SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Attounts 5 Other Income Total Total 2023 2024 Grants recelved 13,444 13,444 6 Exp•ndltur• on tharltable artlvltl¢s UnrerIrfed Total Total 2014 1023 Expendlture on thorltoble actlvltles Charltable event expenses Charltable contrlbutlon5 26,480 2,660 26,480 2.660 52,981 3.796 29,140 29.140 56.777 7 Oth•r eMpendltur• Unr•Jtrlrt8d Total 2024 Total 2023 Motor and travel costs Premlses ¢O$ts Amortlsatlon, depreclatloTh, ITaIrMent, profltlloss on (fsposal of ftxed assots General admlnlstratlve costs Le8al and professlonal costs 450 450 2,800 5,274 4,646 4,646 121 121 93 731 731 1,029 420 420 420 6,368 6.368 9,616 8 N•t Income b•fore translers 2024 2023 This Is stated aftér char8in8: Depreclatlon of owned fixed assets 9 Staff costs Ng employee recelved emolument5 In exce55 of £60,000. 10 Trustee remuneratlon and expens No trustee recelved any remuneratlon or expenses durln8 the year. 121 93 11 Relaled party dls¢losures There were no related party transaction5 for the period ended 31 December 2024. Pa8e 11
SOUTHEAST REGIONAL TAMUDHEE LONDON Notes to the Attounts 12 Tanllble fixed ass•ts C•%t or rnvaluatlon At l January 2024 At 31 December 2024 Depr•dallon and Impalrm•nt At l January 2024 Dtpreclatlon charye for the vear At 31 December 2024 293.871 293,871 700 700 294.571 93 93 121 121 214 214 N•1 book values At 31 December 2024 At 31 December 2023 13 Cr•dltors: amounts falllng due wlthln one year 293,871 293,871 486 607 294,357 294.478 2024 2023 Ac¢rua15 1,320 1,320 900 900 14 Mov•nMnt In lunds Incornlni r•sourc•i Ilndudln£ other At l J•nu•ry ialnslloss•s 2024 Resourc•s expended At31 Dec•mb•i 2024 Ro5tulrt•d fvnds: Unre5tr1rted lunds: G•n•ril fundi 348.865 46,457 {35,5081 359,814 Total lunds IS Anatyslg of nrt Msets between funds 348,865 46,457 135,508) 3Sg.814 Unrestrlcted fufid$ Total Flxed assets Net current assets 294,357 65.457 359.814 294.357 6S.4S7 359,814 Page 12
50UTMEA5T REGIONAL TAMUDHEE LONDON Notes to the Attounts 16 Reconclll¥tlon ol net debt At31 December 2024 At l JaTruary 2024 Cash flows Cash and cash equfvalents 55,287 55,287 11,490 11,490 66,777 66,777 Net debt 55.287 11,490 66,777 Page 13
SOUTHEAST REGIONAL TAMUDHEE LONDON ststement of Cath flow$ lor the year ended JI December 2014 2024 2023 Co$h flows from op•rntln8 •rtlvltles N•t Incorne per Staternent of Flnanclal Actlvltles 10,949 10,252 Juslments for: Oepreclatlon of property. plant and equlpment Dlvldends. Intérest and ients from Inve5tment$ Incfeasel(Decreasel ln trade and other payables 121 (14.7601 420 93 {27,444) (30) Net cash us•d In oper•tlni artfvIe$ (3.2701 117,1291 C•Jh Ilows from InV•st1 adlvltl•s Dlvldends, Interest and rents from Investments 14,760 27,444 Net Iroffl Inwrtlni •ctfvftl 14,760 26,744 Net ash Irom lJn•nclni •ctlvllle5 Not In¢rus• In cash Ind cash equlvaleiits 11,490 9,615 C•ih •nd ¢ash oqulval•nt5 at th• b•8InnI ol the y•ir 55,287 45,672 Cash and ¢ash equlv•l•nts at th• •nd of th• y•ir 66,777 55,287 Compon•nts of ¢•sh and ush 1¥alentS Cash and bank bal3nrn5 66,777 55.287 66,777 55,287 Page 14
SOUTHEAST REGIONAL TAMUDHEE LONDON Detglled Statement of Flnan¢lal Actlvltles lor th¢ year ended 31 December 1024 Unre$trlrted funds Total lunds Total funds 2024 2024 2023 Income and endowrnents fram: Oonatlon5 and lecleS Qonatlons 31.697 31,697 31,697 31,697 49.201 49,201 Investments Rental Income 14.760 14,760 14,760 14,760 14.000 14,000 Other Granls recelved 13,444 13,444 Total Incom• and endowmeni$ 46,457 46,4S7 76.645 fxpendlture on: Charltable artivities Charltable event expen$es Charltable contrlbutlons 26,480 2,660 29,140 26,480 2,660 29,140 52,981 3,796 56,777 Total of exp•ndltur• on ¢harl¢•bl• artl¥ltloJ 29,140 29,140 56.777 Motor and travel costs Trav•1 and subslst•n¢• 4SO 450 450 2,800 450 Premlses costs Rates Llght, heat and power Premlses repalrs and malntenance 2.687 1,959 2,687 1,959 1,592 1,979 1,703 4.646 4,646 5,274 General admlnlstrative Costs, Includln6 depreclatlon and amortlsatlon Depreclatlon of Slatlonery and prlntln8 Subscriptk)ns Telephone, fax and broadband 121 121 93 404 60 267 852 404 311 288 430 1.122 267 852 Legal and professlonal costs Auditllndependent examinatlon fees 420 420 420 420 420 420 Page IS
SOUTHEAST REGIONAL TAMUDHEE LONDON Oelalled Staternent of Flnanclal Artlvltles Tolal of expendlture of other costs Tolal expendltur• frlet 8alns on Investments 6,368 6,368 9,616 35,S08 35,508 66.393 Net Income 10.949 10,949 10,252 Net In¢ome befor• oth•r 8alnsl(loss•sl Other Galns 10.949 10,949 10,252 N•t movement In lunds 10,949 10,949 10,252 R•con¢lllatlon gf funds: Totsl funds brought forward 348,865 348.865 338,613 Total funds earrled forward 359 814 3S9.814 348,865 Page 16