**नेपाली समाज बेलायत शान्ति** **समाज स्थापपत२०६९ SHANTI NEPALI SAMAAJ BELAYAT EST2012** 06/12/2023 ## **APPROVAL OF FINANCIAL STATEMENTS** This is a resolution of the trustees of Shanti Nepali Samaj Belayat Charity (“SNSB” R.C.N. 1158203) that the annual financial statements of SNSB, in date of as presented by DK Accountancy have been approved. It is resolved further that the trustees of SNSB are, and each acting alone is, hereby authorised to do and perform any and all such acts, including execution of any and all documents and certifications, are such trustees shall deem necessary or advisable, to carry out the purposes and intent of the above. It is resolved further that any actions taken by such officers prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby and hereby ratified, confirmed and approved by the acts and deeds of SNSB. It is hereby certified by the undersigned that the foregoing resolution was duly passed by the trustees of SNSB on in accordance with the charities and the laws governing charities. Thank you Kind Regards, Mr Pramod Sharma (Treasurer/ Trustee) _________________ Mr. Prabin Kharal (President / Trustee) __________________ Mr. Dinesh Prasad Kandel ( Trustee) ____________________ Mr. Shashanka Sharma ( Trustee) ______________________ Mr. Padam Shahi ( Trustee) ___________________________ बर्मिङघम बेलायत BIRMINGHAM, UK www.shantinepalisamaaj.co.uk Email: snsboct12@outlook.com SHANTI NEPALI SAMAJ BELAYAT REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 SHANTI NEPALI SAMAJ BELAYAT CONTENTS OF THE FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 Page Legal and administrative infomiation Report of trustees Statement of financial activities Balance sheet Notes to the financial statements SHANTI NEPALI SAMAJ BELAYAT LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 OCTOBER 2023 STATUS Shanti Nepali Samaj Belayal ISNSBI is a registered charity govemed by ils constitLrtion adopted on 18th July 2014. Trustees Trusleel President Mr. Prabin Kharal Trusteel Treasurer Mr. Pramod Sharrna Trustee Mr. Padam Shahi Trustee Mr. Shashanka Sharma Trustee Mr. Dinesh Prasad Kandel Office Addres$ 7 Drake Street Birmingham B71 1PA Accountant DKAccountsncy 412 Greenford Road Greenford London UB6 9AH SHANTI NEPALI SAMAJ 8ELAYAT REPORT OF THE TRUSTEES YEAR ENDED 31 OCTOBER 2023 The trustees present their annual report and unaudited consolidated financial statements for the peri¢)d ended 31 October 2023 and confirm they comply ¥Mth the Charities Act 2012, the Trust Deed and the Charities SORP 2005. STRUCTURE, GOVERNANCE AND MANAGEMENT Shanti Nepali samaj Belayat is a registered charity Ino. 11582031 and 1$ set up under its consilution and rules. The trustees, who are also members of the managemenl committee. have served during the year set out on page 3. The management committee are appointed during a general meeb'ng. The cornmittee Tneels on 8 regular basis lo manage the affairs of the Charity and lo fomiulale policy_ The charity's administrator irb liaison with the trustees and other committee members manage the day to day oper*ions of the chanty OBJECTIVES AND ACTIVITIES The Charity's objectives are=_ - Unite the people from Nepal in the UK in order to build a stronger Nepalese communty, promoting Nepalese culture and other Social and Nepalese national activity around the UK. - To provide relief of financial need and suffering among victims of natural or other kinds of disaster in the forni Df money lor other means deemed suilablel for persons, bodies, organisations of Nepal. To aid the prevention or relief of povety in Nepal by providing.. grants, items and setvices to individuals in need andlor charities, or other organisations working lo prevent or relieve povety- - To advance the education of the general public in the Nepalese culture and heritage by hosting cultural events during important Nepalese festivals of Dashain, Teej and Tihar OryanisatÈon The charity's Iiustees are solely responsible for the actiwties of the charity and manage ils activities with assistsnce from the management committee Investment power Under the constitution, the charity has the power to make any investment, which the trustees see fil. Under the current working capital requirements any temporary su￿lUS funds are maintained in low risk bank and building society account. Review of the actI¥l￿e$ and future developments- The Shanti Nepali Samaj Belayat organised the following events during 202212023.. Nepali New Year event Nepali Teej - Charity events Future. nex1 year events" Nepali New Year event Nepali Teej - Charity events SHANTI NEPAU SAPW BELAYAT REPORT OF THE TRUSTEES YEAR ENDED 31 OCTOBER 2023 Financial Review Income: The principle sources of income are donations from natural & legal persons. Risk management The trustees have assessed the risk to which the ¢harily is exposed including operational and financial risks. In the option of the Trustees the Charity has established resources and review system which, under nomial operation conditions, should allow the risks itlentified to be mitl9aled to an acceptsble level in ts day to day opeTrtion. Res•Nes The Charity Commission defines reserves as the part of a Charitys income funds that is freely available. Reserves are therefore the resources the charty has or can make available to spend for any or all of the charity purposes once il has mel its ¢ommVcments and covered its other planned expenditures. Al the end of the accounting period the Charity's ￿SerVeS comprised the following.. Total funds per balance sheet £ 60,671 Available reservas The Trustees have examined the needs and challenges of the Charity in both the short and medium terms and conclude that these reserves are necessary. Tru$tee$ responsibilitles in rnlation to the financial statsments The Twstees must comply with their obli9ations under the Charities Acts 1993 and 2006 with regard to.. the keeping of accounting recor(Fs for the Charity the preparaty'on of annual stslemenls of account for the Charity the transmission of the statements of the account to the Charity Commission the preparation of an annual report and rts transmission lo the Commission the preparation of an annual return and its transmission to the commission A￿ount$ must be prepared in accordance with the provisions of any Satement of Recommended Practice issued by the Commission. O behalf of the board of Trustees Mr. Prabin Kharal PresidentlTrustges Date.. SHANTI NEPALI SAMAJ BELAYAT STATEMENT OF FINANICAL ACTIVITIES (INCLUDING INCOME AND EXPENDITRE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2023 Totsl Funds Period to 31.10.23 Totsl Funds Period lo 31.10.22 Unrestricted funds Restricted Funds Note Incoming resources In¢oming resoureès from generat•d funds Voluntary inc()me Charit3bl& activities 1,756 28,366 1,756 28,366 5,424 28,397 Total incoming rèsources 30,122 30,122 33,821 Resour¢e$ expended Charitable activities Administrative Expenses 23.452 2,685 23,452 2,685 19,663 1,017 Total resour¢•$ expended 26,137 20.680 Nèt incoming resources 3,985 3,985 13,141 SHANTI NEPALI SAMAJ BELAYAT BALANCE SHEET AS AT 31 OCTOBER 2023 Note 2023 2022 Current Assets Cash al bank and In hand 60,671.00 56,686.00 NET ASSETS 60,671.00 56,686.00 FUNDED BY Unrestricted funds Restricted funds 60,671.00 56,686.00 56.686.00 60,671.00 SHANTI NEPALI SAMAJ BELAYAT NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POUCIES Basis of accounfjng These financial statements have been prepared in accordance with the applicable accounting standards and follow the recommendation in the Statement of Recommended Practice of Accounting by Charities {SORPI. Income Income include$ donations received and fees charged for memebership. Interest recelved Interest Is included when received by the charity- Expenditure Expenlliture is recognised on the paid basis and has been classified under headings that aggregate all cost related to the category. Restricted and Unrestricted Funds General funds are unreslricled fvnds which are available for use at the direction of the Trusteed in furtherance of the general objectives of the charity and which have not been designed for other purposes. Oesignated funds Comprise unreslricled funds that have been set aside by the trustees for popular purposes. The aim and use of designated fund is set out in the notes to the financial ststements_ Restriced funds are funds which are to be used by the charity for particular purposes. The cost of raising and administering such funds a￿ charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial slalements. Total Funds Year to 31.10.23 Totsl Funds Year to 31.10.22 Unrestricted funds Restricted Funds Voluntary income Donation Gift aid Trustee 1,756 1,758 5,424 1,756 1,756 5,424 Total Funds Year lo 31.10.23 Total Funds Year lo 31.10.22 Unrestricted funds Restricted Funds Incoming resources from charitable activities Event income Membership 27,621 745 27,821 745 26,342 2,055 28,366 28,366 28,397 SHANTI NEPALI SAMAJ BELAYAT NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 OCTOBER 2023 Total Funds Year to 31.10.23 Unrestricted f¥Jnds Restricted Funds Total Funds Year lo 31.10.22 4 Cost of charitable activities Event expenses Donation box Charitable donation 21.752 21.752 17,812 1,700 1.700 1,851 23,452 23,452 19,663 5 Administrative Expenses Total funds Total funds Unrestricted funds Restricted Funds Yearto 31.10.23 Year to 31.10.22 Sundry Nepali class expenses Admin expenses 144 936 1,605 144 936 1.605 1,017 2,685 2,685 1.017 General fund 6 UNRESTRICTED FUNDS Balance at start 56,686.00 Movement in funds for the year 3,985.00 Balance at 31 October 2023 60,671.00 Restricted General fund funds ANALYSIS OF NET ASSETS BETWEEN FUNDS Total Cash at bank and in hand Other net current liabilities Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Examiner's Report Report to the trusteesl members of SHANTI NEPALI SAMAJ BELYAT On accounts for the year ended 31ST OCTOBER 2023 Charity no lif any) 1158203 Set out on pages Respective responsibilities of trustees and examiner The charity's trustees 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 my 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 Comrnission {under section 14515)(bl of the Charities Act, and to state whether particular matters have Come to my attention. Basis of independent My examinalion was carried out in accordan￿ with general Directions given examiner's statement by the Charity Commission. An examination includes a review ofthe accounting records kept by the charity and a comparison of the accounts presented with those records. St 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 fairf view and the report is limited lo those matters set out in the statement below. Independent In connection with my examination, no matter has come to my attention examiner's statement lother than that disclosed below") which gives me reasonable cause to believe that in. any material respect. the requirements.. to keep accounting records in accordance with section 130 of the Charities Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or 2. to which, in my opinion, attEntion should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Date: 0711212023 Signed: Name: MR SUNDAR KHATIWADA Relevant profe$slonal FCCA, THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS IER qualification{sl or body lif any): Address: 412, GREENFORD ROAD, GREENFORD, UB6 9AH Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. accounting records have not been kept in a¢¢ordancewith $132 of the Charities, Act 2011 and those accounts do not comply with the wuirements of the 2008 Regulations setting outthe fomi and content of charity accounts,. any material expenditure oraction which appears notto be in accordance with the trusts of the charity., any faIlu￿t0 be provided with infonration and explanations by anypastorpresenttrustee, officeroremployee-, an(J any material consistency be￿een the accounts and the trustees, annual report.) IER