REGISTERED COMPANY NUMBER: 1163701 (England and Wales) REGISTERED CHARITh NUMBER: 1163701 ort ofth8 Trust es and Unaudited Financial Statements for he Year Ended l Jul 202 for Friends Of Avanti House FOAH Kingsley Maybrook Limited Unitec House 2 Albert Place London N3 1QB
Friends Of Avanti House FOAH Contents of the Financial Statements for the Year Ended 31 Jul 2023 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities 8alance Sheet Notes to the Financial Statements 8 to 12 Detailed Statement of Financial Aotivities 13
Friends Of Avanti Hous AH Re ort of the Trustees for the Year Ended 31 Jul 2023 The trustees who ar6 also directors of the charity for the purposes of the Companies Act 2006, presènt their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Oblectlves and aims For clarity, Friends of Avanti House will be referred to as FOAH and Avanti House Primary School will be referred to as AHPS. FOAH aims to enhance the education and primary school experience of pupils studylng al AHPS and strengthening the school community by providing support and resource5 to the school through fvndraising, community and cultural events. Objects 1. Developing effective relationships been the staff, parents and others asso¢iated with the school 2. Engaging in activilies or providing facilrties or equipment which support the school and advance the education of the pupils. Page 1
Fri nti House FOAH ort of the Trustees f r the Year Ended 31 Jul 2 OBJECTIVES AND ACTIVITIES Slgnlflcant actlvllles FOAH delivered many events throughout the year for the school community to celebrate various ultural festivals, raise funds or to provide AHPS school children with social and Spifltual experience outside of the usual school day/experien. Fundraisinglcultural events= 1. Garba (Cultural Festival} - Attendees.. 571 - Volunteers.. 18 2. Christmas Fair - Attendees.. 500+ - Volunteers.. 22 3. Holi (Cultural Festival) - Attendees.. 500+ - Volunteers.. 22 4. Summer Fair - Attendees.. 500+ Volunteers.. 22 5. Sociallspiritual events.. MovielBingo Nights Attendees.. 420 children (from all year groups) - Volunteers.. 20 6. Kirtans - Attendees.. 300 over various kirtans IKarthik, Rath Yatra, Gaura Purnima) Volunteers.. 20 Public b•nfrflt FOAH brings together the school community, enabling parents to build a stronger bond with one another, with the school teachers and vice versa. FOAH creates opportunits'es for children to socialise and interact amongst their peer groups in a safe surrounding. FOAH also fosters an inclusive environment by encouraging volunteers to participate across various events and also creating opportunities for parents to build stronger bonds with their children as they're able to showcase their talent. FOAH also engages with the local community and businesses to help them raise brand awareness and promote their businesse5 wilh the school community through sponsorship and physical presence across various events. The Trustees have given due consideration to the Charities Commission published guidance on the Public 8enefits requirements as laid down in the Charities Act 2011. Page 2
Friends Of Av i House FOAH Re ort of the Trustees for the Year Ended 31 023 OBJECTIVES AND ACTIVITIES Volunteers FOAH have a directory of over 100 volunteers who support across various activities and at various times of the year. Volunteering is optional and the roles & responsibilities could include but not limited to.. Checking inlout at the Entrance Supervision Serving foodldrinks Cleaning -Taking payments All volunteers are provided with the Volunteer Disclaimer along with the Privacy Policy, to which they must agree with in order to be an active volunteer. ACHIEVEMENT AND PERFORMANCE Fundraislng activities FOAH works hand-in-hand with AHPS and the fundraising objectives a5 provided by the school were to.. Build a new playground Create a Media Room Enhance the Forest Area Through our fundraising efforts, in 2024, FOAH was able to create a larger play area for the school be expanding the fenced boundary and within th8 new play area, deliver a new set of play equipment through DBD Play. Future Plans for FOAH include raising funds for the Media Room and to enhance the Forest Area. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is ¢ontrolled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Charity is governed by the Constitution and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new Irustees FOAH is governèd by a voluntary Board of Trustees. Trustees are selected as per the process set out in the constitulion. Trustees have lo meet the criteria as set out in the constitution and also be suitable as per the Charities Commission regulations. There is a period of handover from the fomier Trustees to the new Board which includes a reM8W of the constrtution andlor any changes, structure of the org8nisation, process oveNiew and handover and is ongoing. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 1163701 (England and Wales) Reglstered Charity number 1163701 Page 3
Friends Of Avan i House FOAH Re ort of the Trustees for the Year Ended 31 Jul 2023 Registered office Avanti House Schoo Tanglewood Common Road Stsnmore HA7 3JB Trustees C D Rathod P Raijada (appointed 8.3.24) T Shah {appointed 8.3.24} R Pindoria (appointed 8.3.24) J Raijada (appointed 8.3.241 Company Secretary Independent Examlner lan Clark FFA I FIPA I FTA NO= 201881 Kingsley Maybrook Limited Unitec House 2 Albert Place London N3 1Q8 Approved by order of the oard of trustees on 9 September 2024 and signed on ils behalf by: T Shah- Trustee Page 4
Inde end Examiner's Re Friends Of Avanti House FOAH to the Trustees ol Independent examlner's report to the Irustees of Frlends Of Avantl House (FOAH) he Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023. Responstbilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of Ihe Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Independent examlnefs staternent I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirement5 of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitses (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021). 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 accounts to be reached. lan Clark FFA I FIPA I FTA NO.. 201881 The Institute of Financial Accountants Kingsley Maybrook Limited Unitec House 2 Albert Place London N3 1QB 9 September 2024 Page 5
f Avanti House FOAH Statement of Financial Activities for the Year Ended 31 Jul 2023 31.7.23 Unrestricted fund 31.7.22 Totsl funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,410 4,437 Other trading activities 24,166 5,997 Total 25,576 10,434 EXPENDITURE ON Charitable activities Venue 5,873 1,834 Summer Fair 2,719 300 3,614 1,776 Year 6 Grad Food and Drinks 5,681 Christma5 Fair 1,206 2,151 Holi Misc Expenses 1,107 Totsl 19,037 7,224 NET INCOME 6,539 3,210 RECONCILIATION OF FUNDS Total funds brought forward 17,257 14,047 TOTAL FUNDS CARRIED FORWARD 23,796 17,257 The notes fom part of these financial statements Page 6
Friends Of Avanti House FOAH Balance Sheet 31 Jul 2023 31.7.23 Unrestricted fund 31.7.22 Total funds Notes CURRENT ASSETS Debtors Cash at bank 909 22,887 50 17,207 23,796 17,257 NET CURRENT ASSETS 23,796 17,257 TOTAL ASSETS LESS CURRENT LIABILITIES 23.796 17.257 NET ASSETS 23,796 17,257 FUNDS Unrestricted funds 23,796 17.257 TOTAL FUNDS 23.796 17,257 The charitable company is entitled to exemption from audil under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Jltly 2023 in accordance with Section 476 of the Companies Act 2006. The Irustees acknowledge their responsibilities for (a) ensuring that the charitable Company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. These financial ststements have been prepared in accordance with the provtsions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2024 and ere signed on its behalf by.. TShah-T The notes form part of these financial statements Page 7
Friends O ntiH AH Notes to the Financial Slatements for the Year Ended 31 Jul 2023 ACCOUNTING POLICIES Basis of preparlng 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 Charilies SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland {FRS 1021 {effective l January 20191,, 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 convenlion. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla5sffied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consislent with the use of resources. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and pUoSe of each fund is included in the notes to the financial statements. Page 8 continued...
Friends Of Avanti House FOAH Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 OTHER TRADING ACTIVITIES 31.7.23 31.7.22 Fundraising events 24,166 5,997 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. Tru8lees' expenses There were no trustees, expense5 paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 4,437 Other trading actiwties 5,997 Total 10,434 EXPENDITURE ON Charltable activities Venue 1,834 Summer Fair 3,614 1,776 Year 6 Grad Total 7,224 NET INCOME 3,210 RECONCILIATION OF FUNDS Total funds brought forward 14,047 TOTAL FUNDS CARRIED FORWARD 17,257 Pag8 9 continued...
Friends Of Avanti House FOAH Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.23 31.7.22 Accruals 50 MOVEMENT IN FUNDS Net movement in funds At 31.7.23 Al 1.8.22 Unrestrlcted funds General fund 17,257 6,539 23,796 TOTAL FUNDS 17,257 6,539 23,798 Net movement in funds, include(l in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 25.576 (19,037) 6,539 TOTAL FUNDS 25,576 {19,03n 6,539 Comparatlves for movement In funds Nel movement in funds At 31.7.22 At 1.8.21 Unrestrlcted funds General fund 14.047 3,210 17,257 TOTAL FUNDS 14,047 3,210 17.257 Page 10 continued...
Friends Of Av iHou FOAH Notes to the Financial Statements- continued for the Year Ended 31 Jul 2023 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 10,434 (7,2241 3,210 TOTAL FUNDS 10,434 (7,224) 3,210 A current year 12 months and prior yèar 12 months combined position is as follows.. Net movement in funds At 31.7.23 At 1.8.21 Unrastrlcted funds General fund 14,047 9,749 23,796 TOTAL FUNDS 14,047 9,749 23,796 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 36,010 (26,261) 9,749 TOTAL FUNDS 36,010 (26,261) 9,749 Page 11 continued...
Friends Of Avanti House FOAH Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2023. Page 12
Friends Of Avanti House FOAH Detailed Statement of Financial Actimties for the Year Ended 31 Jul 2023 31.7.23 31.7.22 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Donations Miscellaneous Income 1,320 90 4,423 13 1,410 4,437 Other tradlng activities Fundraising events 24.166 5,997 Total Incomlng reSoUe9 25,576 10,434 EXPENDITURE Charltable actlvStl8s Sundries Fundraising Expenses 210 6,886 18,831 18,831 7,096 Support costs Management Insuran 206 Human resources Software licences 128 Total resources expended 19,037 7,224 Net Income 6,539 3,210 This page does not fomi part of the ststutory financial statements Page 13