2023-01-31-accounts

Adda

UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/01/2023

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Adda

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/01/2023.

TRUSTEES

Oindrila Upadhyay Pradyumna Dutta Utpal Sunil Banga

REGISTERED OFFICE

31 Finefield Walk Slough Berkshire SL1 2QR

CHARITY NUMBER

01183906

ACCOUNTANTS

Krishna Prasad Dahal, FCCA

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Adda

FOR THE YEAR ENDED 31/01/23

CONTENTS	Pages
Report of the Trustees	4
Accountants’ Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8
Detailed Statement of Financial Activities	9

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Adda TRUSTEES, REPORT FOR THE YEAR ENDED 3110112023 The trustees present their report and account for the year ended 3110112023 PRINCIPAL AcllviTIES The principal activity of the charity in the year under review was to advance the Hindu faith for the public benefit in Slough and throughout England and Wales, mainly but not exclusively by means of providing cultural integration through organizing pujas, prayer meetings to enlighten others about the Hindu religion through music. drama. and dance. STRucfuRE GOVERNANCE AND MANAGEMENT Structure and governance are clearly laid out in the ADDA constitution. The report was prepared in accordance with the special provlslons within Part 15 of the Companies Act 2006. This report was approved by the Board ofTrustees on 2010112024. upa Oindrila Upadhyay Trustee

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ACCOUNTANTS' REPORT

FOR THE YEAR ENDED 31/01/2023

In order to assist you to fulfil your duties under the Charities Act 2011, we have compiled for your approval of the financial statements of the charity for the year ended 31 January 2023 which comprises of the statement of financial activity (the SoFA), the balance sheet, and, explanatory notes from the charity's accounting records and from information and explanations which you have provided us with.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/

This report is made solely to the board of trustees of the charity, as a body, in accordance with our letter of engagement. Our work has been undertaken solely to compile for your approved financial statements of the charity, and state those matters that we have agreed to state to the board of trustees of the charity as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its board of trustees as a body for our work or for this report.

It is your duty to ensure that the charity has kept sufficient accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus or deficit of the charity. You consider that the charity is exempt from the requirement to have a statutory audit or an independent examination for the year.

We have not been instructed to carry out any assurance service on the financial statements of the charity. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Focus Somar Audit &Tax Accountants Ltd. 310 Third Floor Middlesex House, 130 College Road, Harrow, United Kingdom HA1 1BQ Date: 29[th] May 2024

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Statement of Financial Activities For the year ended 31/01/2023
Unrestricted Funds Restricted Funds £ £ Income Income from Charitable Actiivities Total Income and Endowment Expenses Expenditure on Charitable activities Total Expenditure Net Income/ Loss for the Year Net Fund adjusted against opening fund	2023 Total £ 66,376
	66,376
	68,096
	68,096
	(1,719)
	(1,719)

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Balance Sheet as at 31/01/2023

Current Assets Cash at Banks Creditors falling due within one year Net Current Assets Total Assets less Current Liabilities Unrestricted Funds	12,891	2023 Total £ 12,891
	-
		12,891
		12,891

For the year ending 31/01/2023, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small Companies’ regime.

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1. ACCOUNTING POLICIES

1a. Basis of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs 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.

1d. Allocation and Apportionment of Costs

All costs relate to the single activity of the charitable company and are recognized accordingly.

1e. Fund Accounting

Unrestricted funds can be used per the charitable objectives at the trustees' discretion.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

1f. Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax, rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognized on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of! taxable profit. The carrying· amount of deferred tax assets is reviewed at the end of each reporting period and reduced .to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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2. Employees

2023 No. - Average Number of Employees

3. Limited by Guarantee

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £150, to the company should it be wound up. At 31/01/2023 there were members.

4. Unrestricted Funds

Brought Incoming Outgoing Carried Forward Resource Resource Forward £ £ £ £ Fund Balance 14,610 66,376 68,096 12,891

5. Incoming Resources for the year ended 31/01/2023

	2023
	£
Incoming Resources from generated funds	66,376

6. Cost by Nature

Expenses relating to Religious Festival Expenses relating to Cultural Program Expense relating to Sporting Activity Meeting Expense Professional Charge	2023 £ 34,763 30,978 1,712 392 250
Total	68,096

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