2022-12-31-accounts

London Sharad Utsav – Annual Trustees Report 2022

LONDON SHARAD UTSAV

Charity Registration Number : 1160554

ANNUAL TRUSTEES REPORT – YEAR ENDING 2022

The Board of Trustees of the London Sharad Utsav presents the following report for the year 2022 (Jan-Dec 2022).

2022 was the year where we continued our growth trajectory and further strengthened our strategic relationships with British Council, the High Commission of India in UK and many others.

The year started with the well revered ‘Fagun Fest’ celebrating in style with local artists the heritage of folk culture. This annual event is now attended by people across the UK and educates everyone on our historic ties with rural Bengal. Our members actively participated in celebrating the birthday of Noble laureate Rabindranath Tagore with a moving presentation to the master and his work which remains relevant even today.

Our flagship event of Durga Puja entered its 14[th] Year and was another mega successful event. We had the pleasure of welcoming the high Commissioner of India and Bangladesh, jointly inaugurating the event at Ealing Town Hall, bringing in the sense of Harmony and eternal ties between the two states of Bengal which celebrate this carnival with same spirit. The event was attended by over 6000 people and continue to be one of the largest social events in the City.

Our operating discipline, planning and financial management are now automated through software whilst we have minimized our cash transactions to negligible amounts . All the disciplines, control and monitoring the trustees has put in place now continue to follow a standard operating principle without any disputes. We continue to focus on due diligence and risk management at all Trustee meetings as a priority. Our financial results for 2022 highlight the hard work we have put in. As with every organization it’s the volunteer members who make the difference. Our member base has increased in 2022 to 160 including children and young members, one of the largest in the community. We want to thank each and every community volunteer member of the charity for their hard work, dedication to the cause and unwavering support.

London Sharad Utsav want to sincerely thank the broader community, who regardless of class, colour, race, gender, preferences participate in our events and make it a huge success reflecting the true spirit of a progressive society with human bonding.

Trustees of London Sharad Utsav

Suranjan Som – Chair Debarati Goswami Sourav Niyogi Koushik Chatterjee Jhuma Bhadra Dipanjan Majumder Bidisha Dutta Sambrita Das Pritha Mukherjee

1

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

LONDON SHARAD UTSAV

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG

LONDON SHARAD UTSAV

Report of the Trustees

for the Year Ended 31 December 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present thei report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07386178 (England and Wales)

Registered Charity number

1160554

Registered office

77 HOLYHEAD ROAD BIRMINGHAM West Midlands B21 0LG

Trustees

MRS J Bhadra Trustee Mrs D Goswami Trustee Mrs P Mukherjee Trustee S Som Trustee Mr S Neogi Trustee K Chatterjee Trustee D Majumdar Trustee Mrs S Das Trustee

Company Secretary

Independent Examiner

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. MRS J Bhadra - Trustee

Page 1

Independent Examiner's Report to the Trustees of LONDON SHARAD UTSAV

Independent examiner's report to the trustees of LONDON SHARAD UTSAV ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year 31 December 2022.

Responsibilities and basis of report

2006 ('the 2006 Act').

accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of 2011 Act.

Independent examiner's statement

examination giving me cause to believe:

1. Act; or

2. the accounts do not accord with those records; or

3. the accounts do not any requirement that the an independent examination; or

4. the accounts have not of Recommended their accounts in of Ireland (FRS 102)).

reached.

Ujjal Ghosh

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG

Date: .............................................

Page 2

LONDON SHARAD UTSAV

Statement of Financial Activities for the Year Ended 31 December 2022

		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		54,887	51,265
Other trading activities	2	10,168	-
Total		65,055	51,265
EXPENDITURE ON
Raising funds	3	13,197	18,544
Charitable activities
Charitable Activities		-	900
Other		51,334	23,056
Total		64,531	42,500
NET INCOME		524	8,765
RECONCILIATION OF FUNDS
Total funds brought forward		(4,588)	(13,353)
TOTAL FUNDS CARRIED FORWARD		(4,064)	(4,588)

The notes form part of these financial statements

Page 3

LONDON SHARAD UTSAV

Balance Sheet

31 December 2022

		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes	£	£
CURRENT ASSETS
Debtors	7	30	6,600
Cash at bank and in hand		4,042	421
CREDITORS		4,072	7,021
Amounts falling due within one year	8	(8,136)	(11,609)
NET CURRENT ASSETS/(LIABILITIES)		(4,064)	(4,588)
TOTAL ASSETS LESS CURRENT
LIABILITIES		(4,064)	(4,588)
NET ASSETS/(LIABILITIES)		(4,064)	(4,588)
FUNDS	10
Unrestricted funds		(4,064)	(4,588)
TOTAL FUNDS		(4,064)	(4,588)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 fo the year ended 31 December 2022.

31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

• (a) ensuring that the of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial accordance with the requirements of Sections 394 and 395 and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far as applicable to charitable company.

The notes form part of these financial statements

Page 4

continued...

LONDON SHARAD UTSAV

Balance Sheet - continued

31 December 2022

companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue ............................................. and were signed on its behalf by:

............................................. J Bhadra - Trustee

............................................. S Som - Trustee

The notes form part of these financial statements

Page 5

LONDON SHARAD UTSAV

Notes to the Financial Statements for the Year Ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102 have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will required in settlement and the amount of the obligation can be measured reliably. Expenditure accounted for on an accruals basis and has been classified under headings that aggregate all cos related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

trustees.

Restrictions arise when specified by the donor or when funds are raised for particular purposes.

statements.

Hire purchase and leasing commitments

line basis over the period of the lease.

Page 6

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
	31.12.22	31.12.21
	£	£
Sales Income	10,168	-
RAISING FUNDS
Raising donations and legacies
Support costs	31.12.22 £ -	31.12.21 £ 3,884
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Hire of plant and machinery	31.12.22 £ 380	31.12.21 £ 500

3.

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor fo the year ended 31 December 2021.

Trustees' expenses

31 December 2021.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM	Unrestricted fund £
Donations and legacies	51,265
EXPENDITURE ON
Raising funds	18,544
Charitable activities
Charitable Activities	900
Other	23,056
Total	42,500
NET INCOME	8,765

Page 7

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements-continued	Notes to the Financial Statements-continued
for the Year Ended 31 December 2022
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted
					fund
					£
	RECONCILIATION OF FUNDS
	Total funds brought forward				(13,353)
	TOTAL FUNDS CARRIED FORWARD				(4,588)
7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Trade debtors			31.12.22 £ 30	31.12.21 £ 6,600
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Other loans (see note 9)			31.12.22 £ 8,136	31.12.21 £ 9,336
	Trade creditors			-	2,273
				8,136	11,609
9.	LOANS
	An analysis of the maturity of loans is given below:
	Amounts falling due within one year on demand:			31.12.22 £	31.12.21 £
	Loan from Members			8,136	9,336
10.	MOVEMENT IN FUNDS
	Unrestricted funds	At 1.1.22 £		Net movement in funds £	At 31.12.22 £
	General fund		(4,588)	524	(4,064)
	TOTAL FUNDS		(4,588)	524	(4,064)

Page 8

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming	Resources	Movement
resources	expended	in funds
£	£	£
Unrestricted funds
General fund 65,055	(64,531)	524
TOTAL FUNDS 65,055	(64,531)	524
Comparatives for movement in funds
At 1.1.21 £ Unrestricted funds	Net movement in funds £	At 31.12.21 £
General fund (13,353)	8,765	(4,588)
TOTAL FUNDS (13,353)	8,765	(4,588)
Comparative net movement in funds, included in the above are as follows:
Incoming resources £ Unrestricted funds	Resources expended £	Movement in funds £
General fund 51,265	(42,500)	8,765
TOTAL FUNDS 51,265	(42,500)	8,765

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds	At 1.1.21 £	Net movement At in funds 31.12.22 £ £
General fund	(13,353)	9,289 (4,064)
TOTAL FUNDS	(13,353)	9,289 (4,064)

Page 9

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

10. MOVEMENT IN FUNDS - continued

above are as follows:

	Incoming	Resources	Movement	Movement
	resources	expended	in funds
	£	£		£
Unrestricted funds
General fund	116,320	(107,031)		9,289
TOTAL FUNDS	116,320	(107,031)		9,289

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 10

LONDON SHARAD UTSAV

Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
	31.12.22	31.12.21
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	28,623	26,337
Gift aid	6,465	6,328
Sponsorship Income	18,080	15,975
Admissions	1,719	2,625
Other trading activities	54,887	51,265
Sales Income	10,168	-
Total incoming resources	65,055	51,265
EXPENDITURE
Other trading activities
Purchases	4,580	3,638
Cost Of sales	8,617	-
Charitable activities	13,197	3,638
Sundries	-	900
Other
Puja Expenses	1,387	524
Cultural Program Expenses	6,180	2,774
Storage Costs	3,576	3,093
Charitable Donations	3,174	2,594
Venue Hire Charges	13,342	10,545
Artist Fees	3,830	2,710
Support costs	31,489	22,240
Management
Postage and stationery	1,244	2,043
Transport Costs	300	250
	1,544	2,293
Finance
Bank charges	-	91

This page does not form part of the statutory financial statements

Page 11

LONDON SHARAD UTSAV

Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
	31.12.22	31.12.21
	£	£
Finance
Human resources
Software licences	659	701
Other
Food & Refreshment	13,663	8,729
Other 2
Hire of plant and machinery	380	500
Advertising	581	1,367
Travel Expenses	1,617	40
Governance costs	2,578	1,907
Insurance	641	108
Postage and stationery	-	66
Sundries	160	1,011
Accountancy and legal fees	600	816
	1,401	2,001
Total resources expended	64,531	42,500
Net income	524	8,765

This page does not form part of the statutory financial statements

Page 12

LONDON SHARAD UTSAV

Contents of the Financial Statements for the Year Ended 31 December 2022

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet	4	to	5
Notes to the Financial Statements	6	to	10
Detailed Statement of Financial Activities	11	to	12

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

LONDON SHARAD UTSAV

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG

LONDON SHARAD UTSAV

Report of the Trustees

for the Year Ended 31 December 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present thei report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07386178 (England and Wales)

Registered Charity number

1160554

Registered office

77 HOLYHEAD ROAD BIRMINGHAM West Midlands B21 0LG

Trustees

MRS J Bhadra Trustee Mrs D Goswami Trustee Mrs P Mukherjee Trustee S Som Trustee Mr S Neogi Trustee K Chatterjee Trustee D Majumdar Trustee Mrs S Das Trustee

Company Secretary

Independent Examiner

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. MRS J Bhadra - Trustee

Page 1

Independent Examiner's Report to the Trustees of LONDON SHARAD UTSAV

Independent examiner's report to the trustees of LONDON SHARAD UTSAV ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year 31 December 2022.

Responsibilities and basis of report

2006 ('the 2006 Act').

accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of 2011 Act.

Independent examiner's statement

examination giving me cause to believe:

1. Act; or

2. the accounts do not accord with those records; or

3. the accounts do not any requirement that the an independent examination; or

4. the accounts have not of Recommended their accounts in of Ireland (FRS 102)).

reached.

Ujjal Ghosh

A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham West Midlands B21 0LG

Date: .............................................

Page 2

LONDON SHARAD UTSAV

Statement of Financial Activities for the Year Ended 31 December 2022

		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		54,887	51,265
Other trading activities	2	10,168	-
Total		65,055	51,265
EXPENDITURE ON
Raising funds	3	13,197	18,544
Charitable activities
Charitable Activities		-	900
Other		51,334	23,056
Total		64,531	42,500
NET INCOME		524	8,765
RECONCILIATION OF FUNDS
Total funds brought forward		(4,588)	(13,353)
TOTAL FUNDS CARRIED FORWARD		(4,064)	(4,588)

The notes form part of these financial statements

Page 3

LONDON SHARAD UTSAV

Balance Sheet

31 December 2022

		31.12.22	31.12.21
		Unrestricted	Total
		fund	funds
	Notes	£	£
CURRENT ASSETS
Debtors	7	30	6,600
Cash at bank and in hand		4,042	421
CREDITORS		4,072	7,021
Amounts falling due within one year	8	(8,136)	(11,609)
NET CURRENT ASSETS/(LIABILITIES)		(4,064)	(4,588)
TOTAL ASSETS LESS CURRENT
LIABILITIES		(4,064)	(4,588)
NET ASSETS/(LIABILITIES)		(4,064)	(4,588)
FUNDS	10
Unrestricted funds		(4,064)	(4,588)
TOTAL FUNDS		(4,064)	(4,588)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 fo the year ended 31 December 2022.

31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

• (a) ensuring that the of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial accordance with the requirements of Sections 394 and 395 and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far as applicable to charitable company.

The notes form part of these financial statements

Page 4

continued...

LONDON SHARAD UTSAV

Balance Sheet - continued

31 December 2022

companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue ............................................. and were signed on its behalf by:

............................................. J Bhadra - Trustee

............................................. S Som - Trustee

The notes form part of these financial statements

Page 5

LONDON SHARAD UTSAV

Notes to the Financial Statements for the Year Ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102 have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will required in settlement and the amount of the obligation can be measured reliably. Expenditure accounted for on an accruals basis and has been classified under headings that aggregate all cos related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

trustees.

Restrictions arise when specified by the donor or when funds are raised for particular purposes.

statements.

Hire purchase and leasing commitments

line basis over the period of the lease.

Page 6

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
	31.12.22	31.12.21
	£	£
Sales Income	10,168	-
RAISING FUNDS
Raising donations and legacies
Support costs	31.12.22 £ -	31.12.21 £ 3,884
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Hire of plant and machinery	31.12.22 £ 380	31.12.21 £ 500

3.

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor fo the year ended 31 December 2021.

Trustees' expenses

31 December 2021.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM	Unrestricted fund £
Donations and legacies	51,265
EXPENDITURE ON
Raising funds	18,544
Charitable activities
Charitable Activities	900
Other	23,056
Total	42,500
NET INCOME	8,765

Page 7

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements-continued	Notes to the Financial Statements-continued
for the Year Ended 31 December 2022
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted
					fund
					£
	RECONCILIATION OF FUNDS
	Total funds brought forward				(13,353)
	TOTAL FUNDS CARRIED FORWARD				(4,588)
7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Trade debtors			31.12.22 £ 30	31.12.21 £ 6,600
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Other loans (see note 9)			31.12.22 £ 8,136	31.12.21 £ 9,336
	Trade creditors			-	2,273
				8,136	11,609
9.	LOANS
	An analysis of the maturity of loans is given below:
	Amounts falling due within one year on demand:			31.12.22 £	31.12.21 £
	Loan from Members			8,136	9,336
10.	MOVEMENT IN FUNDS
	Unrestricted funds	At 1.1.22 £		Net movement in funds £	At 31.12.22 £
	General fund		(4,588)	524	(4,064)
	TOTAL FUNDS		(4,588)	524	(4,064)

Page 8

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming	Resources	Movement
resources	expended	in funds
£	£	£
Unrestricted funds
General fund 65,055	(64,531)	524
TOTAL FUNDS 65,055	(64,531)	524
Comparatives for movement in funds
At 1.1.21 £ Unrestricted funds	Net movement in funds £	At 31.12.21 £
General fund (13,353)	8,765	(4,588)
TOTAL FUNDS (13,353)	8,765	(4,588)
Comparative net movement in funds, included in the above are as follows:
Incoming resources £ Unrestricted funds	Resources expended £	Movement in funds £
General fund 51,265	(42,500)	8,765
TOTAL FUNDS 51,265	(42,500)	8,765

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds	At 1.1.21 £	Net movement At in funds 31.12.22 £ £
General fund	(13,353)	9,289 (4,064)
TOTAL FUNDS	(13,353)	9,289 (4,064)

Page 9

continued...

LONDON SHARAD UTSAV

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

10. MOVEMENT IN FUNDS - continued

above are as follows:

	Incoming	Resources	Movement	Movement
	resources	expended	in funds
	£	£		£
Unrestricted funds
General fund	116,320	(107,031)		9,289
TOTAL FUNDS	116,320	(107,031)		9,289

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 10

LONDON SHARAD UTSAV

Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
	31.12.22	31.12.21
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	28,623	26,337
Gift aid	6,465	6,328
Sponsorship Income	18,080	15,975
Admissions	1,719	2,625
Other trading activities	54,887	51,265
Sales Income	10,168	-
Total incoming resources	65,055	51,265
EXPENDITURE
Other trading activities
Purchases	4,580	3,638
Cost Of sales	8,617	-
Charitable activities	13,197	3,638
Sundries	-	900
Other
Puja Expenses	1,387	524
Cultural Program Expenses	6,180	2,774
Storage Costs	3,576	3,093
Charitable Donations	3,174	2,594
Venue Hire Charges	13,342	10,545
Artist Fees	3,830	2,710
Support costs	31,489	22,240
Management
Postage and stationery	1,244	2,043
Transport Costs	300	250
	1,544	2,293
Finance
Bank charges	-	91

This page does not form part of the statutory financial statements

Page 11

LONDON SHARAD UTSAV

Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
	31.12.22	31.12.21
	£	£
Finance
Human resources
Software licences	659	701
Other
Food & Refreshment	13,663	8,729
Other 2
Hire of plant and machinery	380	500
Advertising	581	1,367
Travel Expenses	1,617	40
Governance costs	2,578	1,907
Insurance	641	108
Postage and stationery	-	66
Sundries	160	1,011
Accountancy and legal fees	600	816
	1,401	2,001
Total resources expended	64,531	42,500
Net income	524	8,765

This page does not form part of the statutory financial statements

Page 12

LONDON SHARAD UTSAV

Contents of the Financial Statements for the Year Ended 31 December 2022

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet	4	to	5
Notes to the Financial Statements	6	to	10
Detailed Statement of Financial Activities	11	to	12