Charity registration number 1184962
## Kailish Narain Mehrotra Foundation
Report and Accounts
31 March 2021
## **Kailish Narain Mehrotra Foundation Contents**
||**Page**|
|---|---|
|Report of the trustees'|1|
|Statement of trustees' responsibilities|3|
|Independent examiner's report|4|
|Balance Sheet|5|
|Income and expenditure account|6|
|Notes to the accounts|7|
## **Kailish Narain Mehrotra Foundation The report of the trustees for the period ended 31 March 2020**
The Trustees present their annual report and accounts for the year ended 31st March 2020. The board of trustees are satusfied with the performance of the charity during the year and the position as at 31st March 2020. They consider that the charity is in a strong position to continue its activities during the coming year and that the charity's assets are adequate to fulfil its obligations.
## **Name, registerered office and constitution of the charity**
The legal registration details are:
_Kailish Narain Mehrotra Foundation_ CIO - FOUNDATION Registered 20 Aug 2019
Charity Registration Number 1184962 Principal address William Road London SW19 3PL Secretary Neha Malhotra Trustees Neha Malhotra Trustee and Chairwoman Unati Khanna Trustee Ashish Kapoor Trustee
## **Objectives and Activities of the Charity**
The purpose of the CIO is to advance religious harmony for the benefit of the public, including of Hinduism by:
- spreading Sanatan culture and Sanatan religious scriptures;
- encouraging observance and celebration of Hindu festivals;
- establishing institutions where religious activities may be performed;
- educating the public in different religious beliefs including an awareness of their
distinctive features and their common ground to promote good relations between persons of different faiths; - promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths
## **Mission gifts**
During the year, the charity donations amounting to £4,533 . During the year, the charity paid out to charitable activities £1,658 leaving a surplus for the year of £6.159 The total surplus of the charity amounts to £6,159.
## **Charity Buildings and assets**
The Board of Trustees continue to seek a a suitable property for the charity to operate from.
## **Neha Malhotra**
Chairwoman of the Board of Trustees
Date
______________
1
## **Kailish Narain Mehrotra Foundation Statement of Trustees' Responsibilities**
Charity law requires the board to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit for that period. In preparing those accounts, the board is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the chaity will continue.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. The trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Neha Malhotra**
Chairmain; Board of Trustees
2
**Kailish Narain Mehrotra Foundation Independent Examiners' Report**
## **Independent Examiners' Report to the Board of Trustees on the unaudited accounts of Kailish Narain Mehrotra Foundation**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
## It is our responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no material matters have come to our attention which gives us cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
We 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.
## **Pitts & SeeUs**
Chartered Accountants & Registered Auditors
Studio 6 6 Hornsey Street LONDON N7 8GR
Date : ________________
3
## **Kailish Narain Mehrotra Foundation Income and Expenditure Account for the period ended 31 March 2021**
|**Note**
**Donations received**
2
**Other income/profits**
3
**Unrestricted funds**
**Expenses**
Mission gifts and charitable donations
4
Administrative expenses
5
**Operating surplus**
Extraordinary item
**Surplus/(deficit) for the year**|**2021**
**2020**
**£**
**£**
-
8,297
-
-
-
8,297
-
(1,658)
-
(480)
-
6,159
-
-
-
6,159|
|---|---|
4
## **Kailish Narain Mehrotra Foundation Balance Sheet as at 31 March 2021**
|**Notes**
**Current assets**
Bank/building society balances
**Current liabilities**
Trade creditors/accruals
**Net current assets**
**Net assets**
**Acculmulated funds**
Surplus/(Deficit) for the year|6,639|**2021**
**2020**
**£**
**£**
6,639
480
6,159
6,159
6,159
6,159
-
6,159
6,159
6,159|
|---|---|---|
||480||
||||
## **Neha Malhotra**
Chairmain; Board of Trustees
5
**Kailish Narain Mehrotra Foundation Notes to the Accounts for the period ended 31 March 2021**
## **1 Accounting basis**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and Charities SORP (FRS 102)
## **2 Depreciation**
Tangible fixed assets are stated at cost. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
|Freehold property
5% per annum
Furniture, fixtures, fittings & equipment
25% per annu
**2**
**Donations received**
Gift aid (gross)
**3**
**Other income and profits**
Interest received
**4**
**Mission gifts**
Mission gifts
Charitable activities
No individual mission gift or charitable donation was in exces
**5**
**Legal and professional costs**
Accountants fees|on a reducing balance basis
m on a reducing balance basis
**2021**
**2020**
**£**
**£**
-
8,297
-
8,297
**2021**
**2016**
**£**
**£**
-
-
-
-
**2021**
**2016**
**£**
**£**
-
-
-
1,658
-
1,658
s of £1,000
**£**
**£**
-
480|
|---|---|
6
## **Kailish Narain Mehrotra Foundation Notes to the Accounts**
**for the period ended 31 March 2021**
## **5 Taxation**
The Charity is exempt from tax on income and gains falling within section 505of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **6 Employee costs**
There were no employees during the year.
7