Nepalese British Community-UK
ESTD. 2010 (NBC-UK)
Empowering Communities
Charity Reg. No: 1170728 Registered in England and Wales
Trustees Annual Report and Financial Statements For the Year ended 31 December 2023
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What’s in this report?
| 1. | Legal and Administrative Details | 3 |
|---|---|---|
| 2. | Structure, Governance and Management | 5 |
| 3. | Induction and Training of Trustees | 6 |
| 4. | Public Benefit Statement | 6 |
| 5. | Approval Statement | 7 |
| 6. | Independents examiner’s report | 8 |
| 7. | Statement of Financial Activities | 9 |
| 8. | Balance Sheet | 10 |
| 9. | Notes to Financial Statement | 11 |
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Legal and Administrative Details
Patrons:
Kamal Paudel
Ganga Bahadur Rana
Kamal Raj Khanal
Milan Ghimire (appointed 09.03.2024)
Trustees:
Samir Nath Pyakuryal Trustee, Coordinator (Chair) Damodar Acharya Secretary Khem Raj Joshi Honorary Treasurer Rajendra Ojha Trustee, Immediate Past Coordinator Rabindra Adhikari Trustee, Immediate Past Secretary Ram Sundar Shah Trustee Lekh Nath Ghimire Trustee Basanta Nepal Trustee Churamani Regmi Trustee Tej Maya Regmi Trustee Rishi Khanal Trustee Prasun Rana Trustee Suman Chandra Gurung Trustee Kiran Adhikari Trustee Prabhu Ram Neupane Trustee Kul Prasad Sigdel Trustee Bhan Bahadur Chand Trustee Milan Ghimire Trustee (stepped down 09.03.2024 and joined as Patron) Hari Bhandari Trustee (resigned 22.10.2022) Dr Jagan Karki Trustee (stepped down 09.03.2024) Suraj Karki Trustee (stepped down 09.03.2024) Muna Paudel Trustee (stepped down 09.03.2024)
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Dipen Lamichhane Dr Prasanna Nepal Shyam Krishna Koirala Parbati Devi Neupane Prakash Neupane Sreejana Koirala
Trustee (stepped down 09.04.2024) Trustee (appointed 09.03.2024) Trustee (appointed 09.03.2024) Trustee (appointed 09.03.2024) Trustee (appointed 09.03.2024) Trustee (appointed 09.03.2024)
Independent examiner
Prakash Dhungana FCCA Batuna Accountants Limited 31 Eastlea Avenue Watford WD25 9DG
Accountants
GNS Associates Limited Chartered Certified Accountants Boundary House Cricket Field Road Uxbridge UB8 1QG
Bankers:
HSBC Bank PLC 26-28 St Ann's Road Harrow Middlesex, HA1 1LA
Registered Address:
Pentax House Northolt Road South Hill Ave South Harrow, Harrow HA2 0DU
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Structure, Governance and Management
Statement of Trustees’ responsibilities
The Board of Trustees present their statutory report with the financial statements of NBC-UK for the year ended 31 December 2023. The report has been prepared in accordance with Part 8 of Charities Act 2011. The annual accounts have been prepared in accordance with the accounting policies set out on financial statements and comply with the charity ’s constitution and applicable laws relating to small charities and with the Statement of Recommended Practice on Accounting and Reporting by Charities (FRS 102) (effective 01 January 2015) including update Bulletin 2. Governance and administration. The governing document of the charity is the Constitution of NBC-UK. The charity is administered by a Board of Trustees for the purposes of Charity legislation. The terms of office for Trustees is 3 years and can be reappointed by members and must be confirmed by the membership at the next AGM. The same process applies for new Trustees. No external bodies have the power to appoint Trustees, and members are ultimately responsible for the Charity. The names of Trustees who served during the year are included on page 3 above. A special resolution was passed at the AGM in March 2018 by a majority of members of the NBC-UK to amend the Constitution. These continue to be reviewed annually. Good governance and leadership is essential for the success of the NBC-UK and Board of Trustees is committed to following the principles and recommended practice in the Charity Governance Code (as recommended by the Charity Commission, www.charitygovernancecode.org/en). These principles are organisational purpose, leadership, integrity, diversity, openness and accountability, Board effectiveness, decision-making, risk and control. The Trustees are elected at the Annual General Meeting. Each Trustee is appointed for a term of three years and must be members of the NBCUK. Trustees are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and apply them consistently
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Observe the method and principles in the Charities Statement of Recommended Practice (SORP)
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Make judgements and estimates that are reasonable and prudent
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence must take reasonable steps for the prevention and detection of fraud and other irregularities. 12 22 Trustees’ Annual Report and Financial Statements For the year ended 31 December 2023 Accountant’s information. So far as the Trustees are aware:
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There is no relevant information of which the charity’s Accountant is unaware of
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The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Accountant is aware of that information.
Induction and training of Trustees
A formal induction process is provided for all new Trustees. The programme includes:
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Familiarisation with the role of NBC-UK, the structure, governance and charitable objectives as well as the role and responsibilities of being a charity Trustee.
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Regular updates at Trustees’ meetings for all Trustees to enhance their understanding and to update them on developments in corporate governance. The Trustees may delegate any of their powers to sub-committees.
Delivering Public Benefit
NBC-UK is a charity committed to support communities in the UK and worldwide in education and emergency relief along celebrating Nepali culture among Nepali communities living in the UK. It also work in partnership with other organisations to deliver public benefit. Trustees of NBC-UK have considered the guidance published by the Charity Commission and concluded that the NBC-UK’s core activities – as described in its constitution – satisfactorily address the principles of identifiable public benefit and demonstrate that the charity has fulfilled the public benefit requirement under Section 17 of the Charities Act 2011.
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Approval Statement
Board of Trustees approves Trustees Annual Report and Financial Statements which comprise Statement of Financial Activities (SOFA), Balance Sheet and related notes. We acknowledge our responsibility for Financial Statements, including the appropriateness of the accounting basis as set out in note 1 and for providing all the information and explanations necessary for their compilation.
Samir Pyakuryal Khem Raj Joshi Coordinator (Chair) Trustee (Treasurer) 02 September 2024 02 September 2024
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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INDEPENDENT EXAMINER'S REPORT
I report to the trustees on my examination of the accounts of the Nepalese British Community-UK (NBC-UK) (“the Trust”) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of NBC-UK, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 and confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
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.
Prakash Dhungana FCCA
Batuna Accountants Limited 31 Eastlea Avenue Watford WD25 9DG Dated: 02 September 2024
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Statement of Financial Activities For the Year ended 31 December 2023
| Income and expenditure | Notes | Restricted | Unrestricted | 2023 | 2022 |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Income from Charitable Activities | |||||
| Membership | - | 260 | 260 | 249 | |
| Donations | 1 | - | 26,634 | 26,634 | 26,656 |
| Grants | - | - | - | - | |
| Total income | - | 26,894 | 26,894 | 26,905 | |
| Expenditure | |||||
| Cost of Generating Funds | 2 | - | 5,640 | 5,640 | 5,799 |
| Charitable Expenditure | 3 | - | 27,184 | 27,184 | 13,435 |
| Total Expenditure | - | 32,824 | 32,824 | 19,234 | |
| Net (loss)/Surplus | - | -5,930 | -5,930 | 7,671 | |
| Fund balance at 1 January | - | 16,296 | 16,296 | 8,625 | |
| Balance carried forward at 31 | |||||
| December being net movement in | |||||
| funds | - | 10,366 | 10,366 | 16,296 |
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Balance Sheet at 31 December 2023
| Balance Sheet at 31 December 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fixed Assets | - | - |
| Current Assets | ||
| - Cash in Bank |
10,366 | 16,296 |
| Total Current Assets | 10,366 | 16,296 |
| Liabilities | ||
| Total Liabilities | - | - |
| Current Assets less liabilities | 10,366 | 16,296 |
| Net Assets | 10,366 | 16,296 |
| Funded by | ||
| - Unrestricted Reserves |
10,366 | 16.296 |
| Total Reserves carried forward on 31 December 2023 | 10,366 | 16,296 |
Samir Nath Pyakuryal Khem Raj Joshi Coordinator (Chair) Treasurer 02 September 2024 02 September 2024
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Notes to the Financial Statements
1. Donations
| Restricted | Restricted | Unrestricted | 2023 | 2022 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| New year charity dinner | 1,6410 | - | |||
| Teej programme | 3,442 | 5,815 | |||
| Deusi-bhailo | 1,024 | 513 | |||
| Seaside trip | 5,300 | 5,425 | |||
| Membership fees | 260 | 249 | |||
| Other donations | 328 | 14,552 | |||
| Birthday donation by individuals | 129 | 351 | |||
| Total Donations | 26,894 | 26,905 | |||
| 2. Cost of Generating Funds | |||||
| Restricted | Unrestricted |
2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Printing for fundraising events | - | 469 | 469 | 280 | |
| Venue and food for Fundraising event | - | 5,171 | 5,171 | 5,519 | |
| Total cost of Generating funds | - | 5,640 | 5,640 | 5,799 | |
| 3. Charitable Expenditure | |||||
| Restricted | Unrestricted | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| One day seaside trip | - | 3,900 | 3,900 | 4,020 | |
| Teej for Women | - | 3,365 | 3,365 | 3,668 | |
| Financial support to Partner | |||||
| organisations and individuals | - | 19,919 | 19,919 | 11,546 | |
| Total charitable Expenditure | - | 27,184 | 27,184 | 19,234 |
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728
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Nepalese British Community-UK
ESTD. 2010 (NBC-UK)
Empowering Communities
Charity Reg. No: 1170728 Registered in England and Wales
Web: www.nbc-uk.org | Email: info@nbc-uk.org | Facebook: Nepalese British Community UK | Registered Charity no:1170728