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2020-12-31-accounts

COMPANY REGISTRATION NUMBER:

CE019545

CHARITY REGISTRATION NUMBER: 1186283

Dipak Dristi

Company Limited by Guarantee

Financial Statements

31 December 2020

STERLING FINANCE [UK] LIMITED

Chartered accountants& statutory auditor Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

Dipak Dristi

Company Limited by Guarantee

Financial Statements

Period from 12 November 2019 to 31 December 2020

Page
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 5
Statement of financial activities (including income and
expenditure account) 9
Statement of financial position 10
Statement of cash flows 11
Notes to the financial statements 12

Dipak Dristi

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Period from 12 November 2019 to 31 December 2020

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the period ended 31 December 2020.

Reference and administrative details

Registered charity name Dipak Dristi Charity registration number 1186283 Company registration number CE019545 Principal office and registered Broadoak Community Centre office Broadoak Road Ashton-under-Lyne Lancashire OL6 8RS England

The trustees

Mrs C Mistry (Appointed 12 November 2019) Mr P Lad (Appointed 12 November 2019) Mrs L Mistry (Appointed 12 November 2019) Auditor Sterling Finance [UK] Limited Chartered accountants & statutory auditor Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

1

Dipak Dristi

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Period from 12 November 2019 to 31 December 2020

Structure, governance and management

Structure, Governance, and management

Governing Document

The organisation is a Charitable Incorporated Organisation, incorporated on 12 November 2019. The governing document is its Memorandum and Articles of Association.

Trustees

The three trustees listed on page 1 are elected annually by the members of the charity at their Annual General Meeting

Organisational Structure

The day-to-day management of the charity lies in the hands of the three trustees referred to above who meet on a regular basis to carry-out requisite managerial tasks.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and have taken appropriate steps to mitigate those risks.

Governing Document

The organisation is a Charitable Incorporated Organisation incorporated on 12 November 2019. Trustees

The three trustees listed on page 1

Organisational structure

The day to-day management of the charity lies in the hands of the three-trustee referred to above who meet on a regular basis to carry-out the requisite managerial tasks.

Risk Management

The trustees have conducted a review of the major risks to which the charity is exposed and have taken appropriate steps to mitigate those risks. The Covid-19 posed real challenges and the organisation has adopted to new technologies and now some classes and meetings are run online.

Objectives and activities

Objectives

Dipak Dristi's objective of the group is to reduce social isolation, loneliness and improve the quality of life on people aged 55+ living in Tameside.

Activities

Throughout the year, generally every Monday, Thursday & Friday we provide art & craft mind stimulating activities, fitness sessions, ESOL classes, holistic therapy sessions, arranging talks on various health topics and outings. The sessions were conducted either by the activity facilitator, external guests, or volunteers. These were all well attended and those attended derived great benefit from their attendance.

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Dipak Dristi Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) Period from 12 November 2019 to 31 December 2020

Achievements and performance

The charity conducts the following activities for the benefit of elderly person in Tameside area who are experiencing long term social isolation and a physical, mental and emotional health related issues by the provision of a drop-in-facility and related services.

Counselling

Physical exercise such as walking, yoga, meditation etc Arts and craft classes Environmental activities connecting with nature Cooking activities Training in digital technologies

Financial review

Financial Review

The trustees have seen the stability of revenue during the year including fund raising events. The cost of the running the organisation is now stable. During the Covid-19 affected period, the revenue had reduced but due to the past financial strength and grants/ funding applied during that financial period, the organisation is very stable. Plans for future periods

Plans for future periods

Plans for future periods

The trustees plan to carry out more fund-raising activities and increase the number of days for our members in future, subject to the funds being available.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

-select suitable accounting policies and then apply them consistently;-observe the methods and principles in the applicable Charities SORP;

-make judgments and accounting estimates that are reasonable and prudent;-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 adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Dipak Dristi Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) Period from 12 November 2019 to 31 December 2020

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The trustees' annual report was approved on 13 January 2022 and signed on behalf of the board of trustees by:

Mrs C Mistry Mr P Lad Mrs L Mistry Trustee Trustee Trustee

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Dipak Dristi

Company Limited by Guarantee

Independent Auditor's Report to the Members of Dipak Dristi

Period from 12 November 2019 to 31 December 2020

Opinion

We have audited the financial statements of Dipak Dristi (the 'charity') for the period ended 31 December 2020 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

5

Dipak Dristi

Company Limited by Guarantee

Independent Auditor's Report to the Members of Dipak Dristi (continued)

Period from 12 November 2019 to 31 December 2020

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

6

Dipak Dristi

Company Limited by Guarantee

Independent Auditor's Report to the Members of Dipak Dristi (continued)

Period from 12 November 2019 to 31 December 2020

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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Dipak Dristi

Company Limited by Guarantee

Independent Auditor's Report to the Members of Dipak Dristi (continued)

Period from 12 November 2019 to 31 December 2020

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Sterling Finance [UK] Limited Chartered accountants & statutory auditor Westbourne House 159 Oldham Road Ashton Under Lyne Lancashire United Kingdom OL7 9AR

13 Jan 22

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Dipak Dristi

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Period from 12 November 2019 to 31 December 2020

Period from 12 Nov 19 to 31 Dec 20 12 Nov 19 to 31 Dec 20
Unrestricted Restricted
funds fundsTotal funds
Note £ £ £
Income and endowments
Donations and legacies 5 2,989 26,100 29,089
Charitable activities 6 1,330 1,330
----------------------- ---------------------------- ----------------------------
Total income 4,319 26,100 30,419
======================= ============================ ============================
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 7 408 408
Expenditure on charitable activities 8,9 9,414 9,414
----------------------- ---------------------------- ----------------------------
Total expenditure 9,822 9,822
======================= ============================ ============================
----------------------- ---------------------------- ----------------------------
Net income and net movement in funds 4,319 16,278 20,597
======================= ============================ ============================
Reconciliation of funds
Total funds brought forward
----------------------- ---------------------------- ----------------------------
Total funds carried forward 4,319 16,278 20,597
======================= ============================ ============================

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

The notes on pages 12 to 15 form part of these financial statements.

9

Dipak Dristi

Company Limited by Guarantee

Statement of Financial Position

31 December 2020

31 December 2020
31 Dec 20
Note £
Current assets
Cash at bank and in hand 22,044
Creditors: amounts falling due within one year 12 1,447
----------------------------
Net current assets 20,597
----------------------------
Total assets less current liabilities 20,597
----------------------------
Net assets 20,597
============================
Funds of the charity
Restricted funds 16,278
Unrestricted funds 4,319
----------------------------
Total charity funds 13 20,597
============================

For the period ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 13 Jan 22, and are signed on behalf of the board by:

Mrs C Mistry Mr P Lad Trustee Trustee

Mrs L Mistry Trustee

The notes on pages 12 to 15 form part of these financial statements.

10

Dipak Dristi

Company Limited by Guarantee

Statement of Cash Flows

Period from 12 November 2019 to 31 December 2020

31 Dec 20
£
Cash flows from operating activities
Net income 20,598
Adjustments for:
Accrued expenses 968
Changes in:
Trade and other creditors 479
----------------------------
Cash generated from operations 22,045
----------------------------
Net cash from operating activities 22,045
============================
Net increase in cash and cash equivalents 22,045
Cash and cash equivalents at beginning of period
----------------------------
Cash and cash equivalents at end of period 22,045
============================

The notes on pages 12 to 15 form part of these financial statements.

11

Dipak Dristi Company Limited by Guarantee Notes to the Financial Statements Period from 12 November 2019 to 31 December 2020

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Broadoak Community Centre, Broadoak Road, Ashton-under-Lyne, Lancashire, OL6 8RS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the

charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

12

Dipak Dristi Company Limited by Guarantee Notes to the Financial Statements

Period from 12 November 2019 to 31 December 2020

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

4. Limited by guarantee

If the CIO is wound up, the members of the CIO have no liability to contribute its assets and no personal responsibility for settling its debts and liabilities.

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Donations type 1 2,989 2,989
Grants
Grants receivable type 1 26,100 26,100
----------------------- ---------------------------- ----------------------------
2,989 26,100 29,089
======================= ============================ ============================
6. Charitable activities
Unrestricted Total Funds
Funds 2020
£ £
Other income from charitable activities type 1 1,330 1,331
======================= =======================

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Dipak Dristi Company Limited by Guarantee Notes to the Financial Statements Period from 12 November 2019 to 31 December 2020

7. Costs of raising donations and legacies

Restricted Total Funds
Funds 2020
£ £
Costs of raising donations and legacies - Subscriptions 408 408
============== ==============
Expenditure on charitable activities by fund type
Restricted Total Funds
Funds 2020
£ £
Activity type 1 8,320 8,320
Support costs 1,094 1,094
----------------------- -----------------------
9,414 9,414
======================= =======================
Expenditure on charitable activities by activity type
Activities
undertaken Support Total funds
directly costs 2020
£ £ £
Activity type 1 8,320 8,320
Governance costs 1,094 1,094
----------------------- ----------------------- -----------------------
8,320 1,094 9,414
======================= ======================= =======================

8. Expenditure on charitable activities by fund type

9. Expenditure on charitable activities by activity type

10. Staff costs

The average head count of employees during the period was Nil.

No employee received employee benefits of more than £60,000 during the year (2019: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustee.

12. Creditors: amounts falling due within one year

31 Dec 20
£
Trade creditors 479
Accruals and deferred income 968
-----------------------
1,447
=======================

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Dipak Dristi Company Limited by Guarantee Notes to the Financial Statements Period from 12 November 2019 to 31 December 2020

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
12 November 31 Decembe
2019 Income Expenditure r 2020
£ £ £ £
General funds 4,319 4,319
============== ======================= ============== =======================
Restricted funds
At At
12 November 31 Decembe
2019 Income Expenditure r 2020
£ £ £ £
Restricted Fund 1 - desc in a/cs 26,100 (9,822)
16,278
============== ============================ ======================= ============================
14. Analysis of net assets between funds
Unrestricted Total Funds
Funds 2020
£ £
Current assets 4,319 4,319
======================= =======================

15. Financial instruments

For financial instruments measured at fair value, the basis for determining fair value must be disclosed. When a valuation technique is used, the assumptions applied in determining fair value for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of fair value is no longer available for ordinary or preference shares measured at fair value through profit or loss, this must also be disclosed. Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required.

16. Analysis of changes in net debt

At At
12 Nov 2019 Cash flows 31 Dec 2020
£ £ £
Cash at bank and in hand 22,045 22,045
============== ============================ ============================

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Signed By

C.MISTRY

Date Signed Sun, 27 Feb 2022 15:47:51 +0000 Name Champaben Mistry Email dipakdristi@gmail.com Printed Name C.MISTRY IP Address 2a02:c7f:7872:ef00:7991:8b3e:bc20:1c82 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/98.0.4758.102 Safari/537.36