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2022-03-31-accounts

Nepali Christian Church Aldershot

Charity No. 1182148

Trustees' Report and Unaudited Accounts

31 March 2022

Nepali Christian Church Aldershot Contents

Pages
Trustees' Annual Report 2
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 11
Detailed Statement of Financial Activities 12 to 13

Page 1

Nepali Christian Church Aldershot Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1182148

Principal Office

Holy Trinity Church Victoria Road Aldershot Hampshire GU11 1SJ

Trustees

The following trustees served during the year:

Y. Angbuhang D. Angdembe A. Gurung L. Gurung D. Limbu L.P. Limbu T.B. Limbu D. Pun S. Ratna M.K. Sunuwar F. Tamang M. Thapa

Accountants

Hampshire Accountants Limited Pembroke House 8 St Christopher's Place Farnborough Hampshire GU14 0NH

Bankers

Barclays Bank PLC

OBJECTIVES AND ACTIVITIES

Nepali Christian Church Aldershot charity is governed by a constitution dated 20 February 2019 and is a registered charity no. 1182148.

Page 2

Nepali Christian Church Aldershot Trustees Annual Report

The charity aims for religious teaching. They work amongst the settled Nepali communities in and around UK, and through their work have identified the need to provide Christian fellowship in their mother tongue. Hence through the Stewardship charity, they provide support for a Nepali evangelist pastor in Sheffield,who travels around for the advancement of the Christian faith in Nepali and amidst the Nepali diaspora. For the advancement of the Christian faith and to teach sound Biblical doctrine, they organise regular traning sessions for the local pastors and leaders of different Nepali church gropus in the UK. They working collaboration with Nepali Christian Churches UK, to provide financial as well as educational support for those in need.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

M.K. Sunuwar Trustee 31 March 2022

Page 3

Nepali Christian Church Aldershot Independent Examiners Report

Independent Examiner's Report to the trustees of Nepali Christian Church Aldershot

I report to the trustees on my examination of the financial statements of Nepali Christian Church Aldershot for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all 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. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

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 financial statements to be reached.

Mr Bhai Raja Thapa FCCA Chartered Certified Accountant Hampshire Accountants Limited Pembroke House 8 St Christopher's Place Farnborough Hampshire GU14 0NH 31 March 2022

Page 4

Nepali Christian Church Aldershot Statement of Financial Activities

for the year ended 31 March 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities (Tithe)
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
9
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Total funds Total funds
2022 2022 2021
£ £ £
75,797 75,797 39,752
93,265 93,265 81,431
- - 634
169,062 169,062 121,817
442 442 -
43,192 43,192 74,201
59,787 59,787 25,013
103,421 103,421 99,214
- - -
65,641 65,641 22,603
- - -
65,641 65,641 22,603
65,641 65,641 22,603
598,695 598,695 576,092
664,336 664,336 598,695

Page 5

Nepali Christian Church Aldershot Balance Sheet

at 31 March 2022

Charity No. 1182148
Fixed assets
Tangible assets
11
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
Reserves
13
Total funds
Approved by the trustees on 31 March 2022		 2022
£
548,262
548,262
118,722
118,722
(2,648)
116,074
664,336
664,336
664,336
664,336
664,336
664,336		 2021
£
16,093
16,093
583,303
583,303
(701)
582,602
598,695
598,695
598,695
598,695
598,695
598,695

And signed on their behalf by:

M.K. Sunuwar Trustee 31 March 2022

Page 6

Nepali Christian Church Aldershot Notes to the Accounts

for the year ended 31 March 2022

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Nepali Christian Church Aldershot Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Nepali Christian Church Aldershot Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Nepali Christian Church Aldershot Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
4
Income from charitable activities		 Unrestricted
£
(93,265)
169,062
75,797
Unrestricted
£
93,265
93,265		 Unrestricted
funds
2021
£
39,752
81,431
634
121,817
74,201
25,013
99,214
22,603
22,603
22,603
576,092
598,695
Total
2022
£
(93,265)
169,062
75,797
Total
2022
£
93,265
93,265		 Total funds
2021
£
39,752
81,431
634
121,817
74,201
25,013
99,214
22,603
22,603
22,603
576,092
598,695
Total
2021
£
39,752
-
39,752
Total
2021
£
81,431
81,431

Page 10

Nepali Christian Church Aldershot Notes to the Accounts

5 Other income

6
Expenditure on raising funds
Costs of generating voluntary
income
7
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
8
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs		 Unrestricted
£
442
442
Unrestricted
£
1,440
6,244
35,508
43,192
Unrestricted
£
32,953
1,140
508
15,566
1,032
8,588
59,787		 Total
2022
£
-
-		 Total
2021
£
634
634
Total
2022
£
442
442
Total
2022
£
1,440
6,244
35,508
43,192
Total
2022
£
32,953
1,140
508
15,566
1,032
8,588
59,787		 Total
2021
£
-
-
Total
2021
£
5,883
-
68,318
74,201
Total
2021
£
12,119
2,065
748
5,306
3,179
1,596
25,013

Page 11

Nepali Christian Church Aldershot Notes to the Accounts

9 Net income before transfers

This is stated after charging:
Depreciation of owned fixed assets
10 Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess
11 Tangible fixed assets
Cost or revaluation
At 1 April 2021
Additions
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for the
year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
12 Creditors:
amounts falling due within one year
Other taxes and social security
Accruals
Deferred income		 of £60,000.
£
-
540,000
540,000
-
10,800
10,800
529,200
-		 2022
£
15,566
2022
32,492
292
32,784
£
27,354
-
27,354
11,967
3,051
15,018
12,336
15,387
2022
£
2,557		 £
884
7,737
8,621
177
1,718
1,895
6,726
707		 2021
£
5,306
2021
11,662
275
11,937
£
28,238
547,737
575,975
12,144
15,569
27,713
548,262
16,094
2021
£
142
91 467
- 92
2,648 701

Page 12

Nepali Christian Church Aldershot Notes to the Accounts

13 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
14 Analysis of net assets between funds
Fixed assets
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2021
598,695
598,695		 Incoming
resources
(including
other
gains/losses
)
£
169,062
169,062
At 1 April
2021
£		 Resources
expended
£
(103,421)
(103,421)
Unrestricted
funds
£
548,262
116,074
664,336
Cash flows
£		 At 31
March
2022
£
664,336
664,336
Total
£
548,262
116,074
664,336
At 31
March
2022
£
583,303 (464,581) 118,722
583,303
583,303		 (464,581)
(464,581)		 118,722
118,722
16 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2022
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 are as follows:
2022
Other
£
2022
£
292		 2021
Land and
buildings
£		 2021
Other
£
2021
£
275

Page 13

Nepali Christian Church Aldershot Statement of Cash flows

for the year ended 31 March 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
65,641
15,569
2,039
83,249
(547,737)
(547,737)
-
(464,488)
583,303
118,815		 2021
£
22,603
5,306
701
27,976
(884)
(250)
-
27,726
555,577
583,303
Components of cash and cash equivalents
Cash and bank balances 118,722 583,303
118,722 583,303

Page 14

Nepali Christian Church Aldershot Detailed Statement of Financial Activities

for the year ended 31 March 2022

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Total of expenditure on raising
funds
Charitable activities
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs
Staff entertainment
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rent
Light, heat and power
Premises cleaning		 Unrestricted
funds
2022
£
(93,265)
169,062
75,797
93,265
93,265
-
-
169,062
442
442
442
1,440
6,244
35,508
43,192
43,192
32,492
292
169
32,953
1,100
40
1,140
-
485
23		 Total funds
2022
£
(93,265)
169,062
75,797
93,265
93,265
-
-
169,062
442
442
442
1,440
6,244
35,508
43,192
43,192
32,492
292
169
32,953
1,100
40
1,140
-
485
23		 Total funds
2021
£
39,752
-
39,752
81,431
81,431
634
634
121,817
-
-
-
5,883
-
68,318
74,201
74,201
11,662
275
182
12,119
2,065
-
2,065
748
-
-

Page 15

Nepali Christian Church Aldershot Detailed Statement of Financial Activities

General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of
Depreciation of
Depreciation of
Bank charges
Equipment repairs and
maintenance
General insurances
Stationery and printing
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 508
10,800
141
3,078
1,547
10
388
634
-
-
16,598
1,104
7,484
8,588
59,787
103,421
-
65,641
65,641
-
65,641
598,695
664,336		 508
10,800
141
3,078
1,547
10
388
634
-
-
16,598
1,104
7,484
8,588
59,787
103,421
-
65,641
65,641
-
65,641
598,695
664,336		 748
-
-
5,129
177
-
1,000
228
1,110
841
8,485
1,596
-
1,596
25,013
99,214
-
22,603
22,603
-
22,603
576,092
598,695

Page 16