Gftat•r Reading Nepal8s• Communtty Assttiation (GRNCA) (CIO Modèl) Flnanclaj Slatsmènt Forthe year •nd¢d 01 Febn￿ry 2022 Charfty Reg. Nurn￿r. 1181709 Gr•ater Roading N•pal¥e Communlty AsK•ciatlon {GRNCA) Charlty Inforniatlon 145 Foxhays Road Reading RG2 8NN Bank•rs BwdayE Bank Broad Street Reading Berkshire Ind•pond•nt Examlners: KBN Accountants Limited 12a Castle Street Reading Berkshire RG17RD. Greatsr Roadlng N•palo80 Communlty Association (GRNCA) Trustees Repcwt 14 Inde￿dent Ex8minel$ ReF*Nt Incorne stateMent￿lanCe Sheet Notes to financial st8lem8nts Great•r Reading N•pal•s• Communmy Assoclallon {GRNCA) Ch* R•glstr•tlon numbw- 1181709 For th• year ended 011t F•bnwry 2022 Charitys Prlneipal addr￿$. 145 Foxhays Road R88ding RG2 8NN Charlty Tnrstees N•mes Namo of poffsonthoty to appolnl Trust•88 AGM Mr Tek BahadLW Gurung Mr Dhan Bahadur Rana Magar Mr Omkar Adhikart AGM AGM Sushila Guru AGM Mr Iman Sing Rai Mr Yog Raj Lim Mr Yadav Shrestha Mr Saroj Thapa Mr Tul Bahadur Gurung Mr Bhimsen Khadka AGM AGM AGM AGM AGM AGM Mr Bikram Shro$th8 Mr Jagannath Sapkota Mr Mani Subedi AGM AGM AGM Name of ChairnTrnTrresSdenl tt names Ofsen￿r staff members (Oplxin81 Informthon) Mr Tek Bahalur Gurung Grnat•r Reading lknpalos• Communrty Assoclallon IGRNCA) Charity Registratlon number- 1181709 For th• y•ar •nded 01" FetsrU￿ 2022 Struthro. govomancè and m•nagwn•nt Descriptlon of the charity's trusts Type ofgovemiNJ dotsjment Trustees Appoinlment Charitable Obj•cts Summary ofthe obj'ects of the chanty Sot out in its governing docurr*nt 1) To promote prirnarity forts benefft of ts Wlese clbzens in Reading. Berkshir8 and surrounding arga by: a) The advan￿Ment of edLK3ti(n and training b} The relief of poverty. sickness and distress c} The promotion of g¢x)d health and d} The provision of recreat￿al farilili&s in tho inlerest of s(waal *plfare wth the object of improving their conditMJns of lrfe 21 To advance the edur%tton of Ihe publ￿ on 811 a5pec#s of Nepalese history and (xthre. Kty A¢tivitiu during the year GRNCA conduded a coffeè dub programme where p￿p￿ t￿me log8thertrJ sharo theirexperiences during their drtficult time affectsd by COVNJ 19. It was the combination of fdriOUS health awargngss Sessions loo. Some qualified doctor5 and nurses came abng to the programme to explain about their experiences 8nd share their kno￿edge to the rJ)mmunty. Sessions indudet1 on stress management and I￿n￿r awareness proJramme tco. GRNCA sent the Volunteers in varrination hub centre ts 22 weoks. GRNCA ¢(￿0P￿￿ed wtth RVA and sent the volurrteeTS in bcth mtyning and even￿9 shrfts Continu￿ for 22 weeks. They hdped the vulnerable people of drflerent communths. Peopk who needed Sup[￿rt. ￿ldance arKI interpretation service were among S￿l811Y benefftting fmm the y￿nteerS. GRNCA hel￿ some Intematfonal SIl￿ents wth lIna￿￿al difficxJNies during the Covhj Pandemlo So that Ihey could reath their home back Safety. GRNCA di5tribulwJ some OXY￿ concentrator plants to the needed hospital of NEPAL through NRNA UK. GRNCA (*ganised a READING CUP FOOTBALL TOURNAME￿ saf4y and SUCC￿$ful￿ frjh)wI￿ all Covkl njles and regUlafjo￿. GRNCA continu8d ts. Language dass for those who were intgrgstod to 18am Nepal Language. These c18s58s We￿ online ￿th a con5iderats)n of COVID PANDEMIC. GRNCA helped the local Volleyball team SUPKK¥iing the enty fee to various toumament across the ¢￿￿ty. GRNCA ¢￿￿U(￿ed a wrtU81 Bhanu Jayanli PLEty event lo atb8d yth to the cC¥nM￿ty by hleratLKe. Unf(￿naIety, GRNCA ctsjldn't ￿ ¢Jrt some of actNibes due to Covid 19. Financlal revlaw The year has observed a CO￿derable growlh in revenu8 I￿pared to period. paruy contributed ty the Gfft aid donatKJn as well. Local aLthority granL public donation for covid halp and football game have beer¢ major revenue generator and the charity has rnan￿ed to support ccmmmunity with a huge donation as well during th8 yoar. D•claratlon The trLtstees dedare that they have approved the Irustees. report aly)ve. Sign￿1 on of the tharrty's truslees SIgn81u￿ Is) Mr Tek Bahad4Jr &Jrung ChaiM￿n Daltr- 07110r2022 Independent ExamSneVs Report tor the trnstoes of Greater Readlng Nepalese Communlty Assoclalfon (GRNCA) For the year ended 01 February 2022 ReFQrts to the trusteeslmembers of Greater Reading Nepalese Communty Association (charity number 11817091 on accounts foT the year ended 01 February 2022. set out on pages 45. I report lo the trustees on my examinabon of the accounts of the above charity for the year ended 01.02.2022. Re8pective respon8lblllties of truste05 and the examlnor As the charity's trustees, you are reswnsible for the preparation of the accounts in accordance with the requirements of the Chants"es Act 2011 ('the N£r). I rewrt in respect of my examinakn.on of the Chaws accounts carried out under section 145 of the 2011 Act and in caTrying out my exarnir¢ation. I have followed all the applicable Direth"ons given by the Charlty Commission under seth'on 14515){bl of the A£L My examination work has teen undertaken so that I might state to the Charity's members those matters that l am required to state to them in an examineff5 report and for no other purpose To the fullest extent permitted by law, I do not acceptor assume responsibilty to anyone otherthan the Charity and its. members as a body, for my W￿k, for this report, or for the opinions I have fom)ed Ba$18 of Independent ExamineV8 staternent My examination was carried out in accordance ￿ General DIrect￿n$ gNen by the Charlties Commission. An examination includes a review of account.ng records kept by the chartty and a comparison of the accounts presented with the record$ held. It also indudes considerat.on of any unusual items or disclosures in the accounts and seeking explanations trom the thjslees conceming any such matters. The procedures undertake consequenby no opinion is given as to whether the ￿l￿nI present a true and fair view and the report is limited to those mattets set out in the statement below. Independ?nl Examlnevs statement The charity's gross income has exceeded £25,000 and l am qualthed to undertake the examinats'on by being qualified member of As50ciabon of Chartered cerb.fied Ac(*MJntants I have completed my examination. I confinn that no n*rial rnatters have cow£ to my attention in connection with the eXaMinat￿n (other than that d￿￿O*j below ) wh￿b gNes me cause to believe that in, any material respect.. the accounting rec#)rds V￿re not kept in ￿￿rdance wtth secaion 130 of the Chanties A£t.' or the accounts dFd not accord wth the accounting records.. or the accounts did not comply wth the applicable requirements Con￿mIng the form and content of accounts set out in the Charib'es (Accounts and Re￿rts) Regulab"ons 2008 other than any requirement that the accounts give a Irue and faiff v*w wthich is not a matter ojnsidered as part of an independent examinats.on I have no concems and have come across no other matters in connethon wth the examinab'on to which attention should be drawn in this reFQrt In order to enable a ￿￿oF£r understanding of the accounts to be reached. Bishwa Pudasaini FCCA K8N Accountants Limited 128 Caslle Street, Reading Berkshire. RG17RD KBN Accountants Limited 12a Castle Street Reading. UK RG17RD IM.44 119(4 9￿l¥j 575An 61QOJ ASATISTFEBRUARY21h72 37A) 119 4Th32 4W2 70￿.16 ￿k.￿l￿r¥s SI￿3￿ 8IA6.(6 {* 07110r2022 Greater Readlng Nepalese Community Assoclation (GRNCA) Notes to the finandal statements For the year ended 01 February 2022 l. kcI￿nting Policles 1.1. Accountlng conventlon The accounts financial sLitements have been prepared under the historical c05t convention. except for investments which are included at market value, and in accordance with applicable United Kingdom accounting standards and the requirements of the Ststement of Recommended Practi￿ ISORPI, Accounting and Reporting by Charities 1.1 Income Income have been derived from various sources like membershlp fee. various social events and activities. Restritted fund. rf any. for example, grants received from any institutions have been accounted a5 income in the accounts On￿ after the expenses have been incurred in the specified sector and the condition of the grant have been met 1.3 Tangible fixed assets and depreciation Depreciation has been calculated based on expected useful life of the assets, as follows: Fixtures. ffttings and equiprneTrt 20% Reducing balance basis 2. Operatln8 surpJu5ldefirit 2022 2021 Operating surpluslldefititl 3.860.93 1289.561 3. Income Resources: Donation/events Bank Interest Grants 27.925.31 6.25 2.(KK).(X) 4k Tan8iNe fixed assets & Equlpment Totsl At 2 February 2021 Addition 597.90 597.90 At 01 February 2021 597.90 597. Depreciation At 2 February 2021 o. Charge forthe year I￿.58 119.58 At 01 February 2022 119.58 119.58 Net book values At 01 February 2022 478.32 478.32 At 2 February 2021 5. Debtors 20221£) 2021 (£) Receivable 6. Credltors 20221£) 5(M).(K) 20211£) 5LM).LKI Accruals Payables 143.88 643.88 51X). 7. Charity received a fund transfer ot £1.4￿.75 from 'GREATER READING NEPALESE COMMUNrrY ASSOCIAMON - CHARITY NUMBER 1123500.. This is because 'GRNCA - 1123500. is boing replaced by this 'GRNCA- 1181709. whth is the CIO Model. and this transfer has taken pla(8 as a part of the process of rnoving over at a tsJnsenyJs of all trust￿. GRNCA- 1123￿M) is now In the process of dfssolutw)n by agreement of all trustees.