&lese c
BEXLEY NEPALESE COMMUNITY
IA compony limited ty Guarontee and RegiTStered Charity)"
Company IIYJ70054
Charity No. 1187889
ANNUAL REKIRT AND UNAUOITED FINANaAL STATEMENTS
FORrTHE YEAR ENDED 31 MARCH 2024
Wlllll
••DIAOJ76*
1911212024
COMPANIES HOUSE
A18
#15

Bexley Nepalese Communlty
BEXLEY NEPALESE COMMUNITY
(A compony limited by Guorontee and Registered Charity)
CONTENTS
Page
Reference and administrative detsils of the charity and advisers
Chairnmn's message
Trustee5' report
5-13
Aceountsnv report
15
ststement of flnandal athiti
16
Balano sheet
17
Notes to the financSal statsments
18-21
Pagg 2

8oxloy Nepales• Community
REFERENCE AND ADMINISTrATIVE DEfAIiS OFTHE COMPANY ANDADVISERS
Board ol Directors ftn￿lQes
l. Dr Harish Jyawali- Chalrrnan
2. Kesh BahadurGurun8
3. Bijay Bahadur Gurun
4. Ananda Dharel
5. Kedar Thapaliya
6. Dipendra Sitsula
7. 8indu Maya Gurung
8. Chandrabir Gurung
9. Sanjeeb Subedi
10. Yuba Raj Neupane
11. Uma Gurung
Company Registrntiw t4ufflber I￿70054
Charlty Reclstratlon Nymber 1187889
RelI￿ered Office:
Equitable House- 2nd Floor 7 General Gordon Square.
CIO Mantsx Lynton. LondoTr. England. SE18 6FH
Chalrnian
Dr Harish Chandra tyawali
Shibaram Gurun& Bijtta Gauram. Dipendra Sitsula. 8ala M'Prasai,
Kedar Thapaliya
Himal Gurung &" Ahilya Kunwar
Narwpn Pant¥& Tilak Limsal
Vke thalrs
Secretsrfat
Treasury
Bimala Sedhaee, Sambhunath Adhikari. Sabita SivMkoti. Pankaj
Poudel. Pradeep Tripathi. Santa Sharma. Rajendra Lamsal,
Dhanraj ChonEban& Wishwaraj Paudel. Dikpal Gurun& Basu
Aryal. Gurvi Acharya. Sagar Wagle. Pradip Lamsal
Coordln•tor- BPK School of cultu￿ & Larrfuw: BijTta Gautsm
Bank: Barclays Bank PLC. Leicestershire, LE87 28B
Mantax Lynton
Chartered Accountsnts
207 Equitable House
7 General Gordon Square
London. SE18 6FH
P898 3

Bexley Nepalese Communlty
Chalrnian's message
Dear Members. Supporters. and Friends ofthe Bexley Nepalese Communty. as we reflect on 2023-
2024.1 am filled with pride and gratitude for our c0mrnunit￿S incredible achievements.
During my tenure, we have organised ènd completed various projects. Amongst those are Nepali
language and culture classes, Christma5 celebrations. Football for kids. Holi celebrations, Youth
workshops, ParlTrament visits. BNC Park run and many more. In addition. we successfully organised our
annual PfoEramrnes- Dashain Tihar programme, Annual gatherin& Teej, Deusi and Bhailo and
Lhoschhar. Through these celebrations. we celebrate and pass on the richnes5 of Nepalese Cu￿Ure to
younger generations while sharing it with the wder cornrnunity.
Weekly, we run Yoga. Fitness and Zumba classes. In addition. the number of our members joining the
Park Run or other running events has grown significantly. We are proud to inspire many more
members to join the BNC5 health and wellbeing mo¥ement. All those programme5 helped our
tommunity to remain active and healthy mentally and physically and provided an opportunity to
socialise. We are proud to receNe the Mayorfs Faith in the Communities for Healthy Comrnunities
and Successful Communities award in 2023.
Inclusibllty remains our guidin8 principle. Our programs unite people from diverse backgroun(ts,
encouraging mutual respecL understandin& and a sense of belonging. Empowerment has been at the
heart of all our initiatives. In addition. we are wothn8 on a lon8-term rtrate8y to own a 'Bexley
Nepalese community hall. and I hope we will achieve this in the future with your kind support.
hopefully sooner.
Our achievements would not have been possible without the unwavering support of our trustee5.
Programme coordinators. volunteers. and 8NC members. l extend my heartfelt thanks to the Mayor,
Deputy Mayor and Councillors of the London Borough of Bexley. and Local MP Mr Louie French for
your 5UPPOrt. Let us remain united in our vision to empower, indude. and integrate-ensuring that
our legacy as a vIb￿nt and compassionate community endure&
With gratitude and best wishes.
Dr Harish Jyawall
Chairman
Bexley Nepalese Community
Page 4

B•xltyN•palese Communlty
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The T'rustees presenttheir annual'reporttogetherwiththe financial statements of the company
for the year ended 31 March 2024. The Trustees.confirm that the Annual Report and financial
Statements of the company compty with the current ststutory requirements. the requirements
of the company's governing document and the prowsions of the Statement of Recommended
Prattice ISORPI. applicable to charit￿5 preparing theiF accounts in accordance with the
Financial Reportin8 Standards applicable in the UK and Republic of Ireland IFRS 1021 leffective
l January 2015) as amended by Update Bulletin I leffeCtr￿ l January 20151.
The company qualifies as small under settion 383. and therefore the strategic report required
of medium and large companies underThe Companies Act 2￿6 {Strate8ic Reportand Directorfs
Report) Re8rJlations 2013 is not prepared.
Structure. Governance and Management
Bexley Nepalese Community 1.the Charl￿) 15 a charitable organisation established in 2008 and
formally registered in March 2016 wtth the Company House as a company limtted byguarantee
and with the Charity Commission on 11 February 2020. The charity is currently working mainty
for the benefit of Nepalese community living in Southeast London. specially focused on those
livin8 in London Borough of Bexley and neighbouring local autlKJrities. The major beneficiary of
the activities will be ex-arnied forces personnel IGurkha'veteRnsl and their families.
The Governance and Opefation of the Charity is broadly set out by the govRrning document
IAOAI. Organisation structure of the charity consists of board of directors I trustees; executive
committee and functional committees. The 8oard is responsible for all major policy decisions.
approving strategy and objectives and meets at kast four times a year. During the year. there
were no change in to board of dirertors I tntstees.
The Governance and Operation of the Charity is summarssed below:
Members at the general meeting appoint Dirertors ITrustees
Dirertorsifrustees have ultimate reS￿nsIbIlity of the operation an¢fstrate8ic dirertion of
the Charity in achieving the objecttves.
Directorsnrustees delegate powers by setting up Executive Cofflmittee and other
subcommittees to facilitate the operation5 of the Charity. Currently there is an Executive
Committee and other six task specific committees.
Committee may set up various subcommittee. task force or team for the purpose of smooth
delivery of their objectNes and plans
The operational responsibilities a￿ shared between DirectorsUrustee5 and other volunteers
through comrnittees and 5uIFcomrnittees. The annual programme of the Charity is agreed at
Page 5

Bexloy Nepalese Communlty
the Board in advance and the Board delegates its implementstion power to committees. The
members will serve to the tomrnittees and SUb￿￿nmitteeS on voluntary basis.
The followlng is C￿r￿nt organisation chart that summarises strategic and operational hierarchy
and responsibilities:
Nepalese
Community
lemberslGeneral
Chairman+10
TrusteeslDirectors
GovernancelStrale9y
TrusteeslDirettors
Treasurers
Executive Committee
by Chairman
Finance Committee
Governing Board of School ofArts, Culture & Lan8ua8e
Public Relation Committee
Community Relation Committee
Di8ital Media & Communication
Event Mana8effont Committee
Day to day operational activitie5 of the Charity a￿ delegated to the Executive Committee led
by the ch8im)an and comprised of trustees and community members. As the charity is run bv
unpaid volunteers. the executNe committee set up fvrther Six major committees, with
delegated authority from the Board:
Finance Committee headed by Treasurer responsible for overall finance. banking and
fvndraising.
Page 6

Bexloy Nepalese Community
Goveming Board of School headed by vice presidert with responsibility to engage and fill
the sklll gap identified by the Charity in the area of arts. culture and lan8uage.
Public Relation Committee headed by General Secretary with an objective to enhance public
image of the or8ènisation and improve relationship with rnajor external stakeholders.
Community Relation Committee with an objective to engage hxal members, beneficiaries
and maintsin Statistic.
Oigltsl media and communication committee responsible for internal and external
communication including social media.
Event management commKttee to rnana8e Various major or minor events planned for the
vear
All above committee discharged their duty successfully during the year. Board and committees
effecliveness is maintained and ensured through regular reviews of both Board. and individual
Trustee performance.
In order to achieve its strategic goal. the trustees of the charity have re8iStered the organisation
th the Charity commi5sion.that will open up an access to wider 8rant funding bodies.
Objectlves and Actlvltles
In setting objectives and planning for. activitbes. the Directorsftrustees have grven due
consideration to general guidance published by the charity commission relating to public
benefiL
The main obj'ectives are set out in the governing document as following:
The promotion of social inclusion for the public benefit for those in Nepalese community
including Gurkha ex-servicemen and their family members in the London Borough of Bexley
who are socially excluded on the grounds of their Social and economic position by.
Pmwslon of English and Computercourses: To provide basic English language arKI computer
Coufses for the benefit of the community-
Advancement of Gurkha and Nepalese Culture. TFadition and History: To advance the
education of public regarding Gurkha and Nepalese culture, tradition. and history through
such means as the trustee5/directors deem appropriate.
For the PUFP05e of this clause.s00al￿ excluded mean5 being exduded from society, or part of
society, as a result of bein8 a member of a socially and economically deprived community.
The Trustees adopt a flexible approath to achieving the objectNes by maintaining rational and
pragmatic approach. adapt with chan8in8 need of the society and being as helpful as possible
to those we seek to assist. Services are reviewed constantlyto assess rf they are delivered most
effectively.
Page 7

Bexley Nepalese Communlty
We managed to tondutt following Charitib￿ activities in pursuance of its objectives:
Highlights
202,3-24
1. Organised varieties of Charitable arKI communty
engagement programs.
2. Continue Improving Internal Control System.
3. Awarded with Healthy Communities Award 2023 for its
Yoga. Fitness and Zumba program.
4. Awarded with Successful Communtties Award 2023 for its
sepiice and contribution to Bexley Community.
5. .Restructuring 8NC Website.
6. Implement BNC domain email for key roles.
7. Digitslise members database and various paper foms.
8. Proactively engaged with London Borough of Bexley.
other communities and political leaders.
ac-tivities
Initiatives
Community
Outreach
l Eieusi Bhailo. Holi
Home Visit &
welcoming new
members,
engagement with
local council and
community leader)
BNC School of
Arts&
Language:
(Continuity of Nepali
class. Celèbrated
Christmas with Santa
Claus, Celebrated
Sa. las￿0t1 Pujal
Charitable
Activities
(Grant. donor and self
funded)
P&J9 8

B•xl•y Nwleso Community
Charitable Activities
Connerting BNC through Fitness. Yoga & Zumba
BNC is organising 45 weeks of Yoga, Zumba. and Fitness programs with an aim of"Stoy Fit
Foreverf. sponsored bythe National Lotterycommunlty Fund. The pro8rams are now in their
fourth season and currently ongoing. Additionally, BNC collaborated with NRNA UK to
host a. 10-week program during Season 3. designed to foster a deeper connection to
and understanding of oneself. Prior to this. BNC condurted a 26-week project starting
in April 2023. also sponsored by the National Lottery Community Fund.
These initiatives have Significant￿ enhanced the health. well-bein& and self-discovery
of our members. Moreover. they played a vital role in strengthening connections and
cultivating a sense of belongingwithin the community
BNC- Footie for Kids
BNC organised a 10-week "Footie for Kid< program with the support from Tes¢0 Community
Grant, aimed at enhanang the health. wellbeing and. communty belongings among our
hildren. A total of 30 children. aced 6-16. participated in the sessions, which proved to be a
tremendous success.
BNC- Cost of Living Cri5is- Prevention & Management Projert
The following program were conducted throughout the last 26 weeks in aid of London
Community Foundation:
l. Family Zumba dance aThd fits￿$S pnjgram for 18 weeks (More thèn 80 people including
children attended the Session)
2. Personal Finance & Taxes Workshop half a day (around 60 people attended the workshop)
3. Yoga and Mindfulness program"DNe into your Inner Potential- half a day (around 80 people
attended the session)
4. Kitab Jatra (Celebrating the power of words1 festival. Mystic Nepal- hatf a day (around 60
people attended the event)
5. Kin¢s Coronation Celebrations-haw a day {around 60 people including thildren attended the
event)
6. A half a day retreat 6ody Mind Meditstive Therdpv (around 80 people attended the session)
Teej Festival and Teej Pooja
Teej festfval is a traditional. hoiy and popular festival of Nepali Hindu wornen. BNC or8anised
and celebrated Teej every year to promote Nepafs rKh culture in the UK and more than 150.
mostly women (culture lovingl were partiapated in the recreational event. Since the program
was dedicatedto a noble cause combined with culture-based entertainment, lot of actNities
and Teej Pooja (rituals) was perfomied making it meaningfvl and enjoyable event.
Page 9

Bexloy Nepalese Community
Dashain Program
Dashain is one of the most signrficant and widely celebrated festivals. especial￿ among Hindu
communities. BNC organized and celebrated a Dashain program in Ortober 2023. featuring a
live pula condurted by a priest from the Pashupatinath Temple. Approximatety 150 community
members partidpated in the program.
Annual Gathering
8NC organizes an annual gathering to briryd the entire 8NC farn1￿ together for enjoyment and
celebration. This year, the annual gathering was held on lune 24, wtth the Mayor of the London
Borough of Bexley as the chief guest. A totsl of 186 members attended the evenL maklng it
significant succe55.
Loshar 2024
Losar. a New Year celebrated primarily by Nepalese people living in northern region of Nepal.
was organized in January 2024. With a total attendance of 159 members. the event hi8hli8hted
the harnionious coexirtence of the Nepalese community within the bDrou8h.
BNC Youth & Children Engagement
BNC organised a day event on the Sunday 26 June 2023, in aid of the Mayorfs Community
Weekend- London to bring all the yO￿h & children in the community together and focus on
positive heatth and wellbeine by invo￿1n8 in varbous activitie5 and celebrate and support
buildin8 Strong community relationships.
8NC abo or8anised Parliament week program in Nov 2023 to promots democratic values.
inspire the interest in parliamenL politics and encourage young people and the public to
engage with the UK'S democratic system and institLrtions . The event included a series of quiz
contests on UK democratic systems and various distinguished guests such as the Mayor of the
London Borough of Bexley. a local MP. and local councillors attended the event.
Continuity with BNC School of Arts. Culture & Language
The Charity organises youth actNlties thorough BNC school of Arts. Culture and Language since
Its start in November 2018. The artr¥ities indude educating thildren in the field of arts, culture.
language, engaging in sports activities amongst others. Participants are children up to the age
of 16. Durin8 the last tern). In addibon to the routine Nepali language classes. they celebrated
Christma5. Basanta Panchami. and Saraswati Pula. They also organized visits to Chislehurst
Caves, Swaminarayan Temple. and Pashupatinath Temple to enhance cultural understanding
and community engagement. At present. there are 27 students taking Nepali language lesion in
the schoo5.
Community Relations and Belonglngness
The Community Relations Team has carried out various communal attivttles with the objective
of strengthenin8 communal, personal, and eMOt￿nal relationships, and fostering a sense of
belonging within the Society. These acti¥itie5 include pro¥idin8 moral and social support durin&
Page 10

Bexley Nepaleso Community
significant life events such as lirths. illnesses, marriages. demises, and welcome visits for newlv
arrived members. amon8 Others.
Overthe past year. BNC organized a total of 10-12 home visits. i￿lUding welcome visits for new
members and congratulatory visrts for members. new business ventures. academic
achievements, sports accomplishments, etc.
BNC organized a Deu5ilBhailo (Deepawali festr¥all program. a significant cultural event, at 7
homes of community members this year. The members collerted donations, sweets. and food
to share blessings for prosperity with one another. Atotal of 60-80 members participated in this
event. Tho.money raised was used to fund the Nepali language school and related activities.
Sirnilarly, a Christmas dinner for BNC'S Executive Committee, advisors, and trustees was held in
December 2023 to build teamwork and strengthen personal relationships during the festive
season.
BNC Holi
Holi, a vibrant Nepali festival of colours. was celebrated at Danson Park in March this year.
Despite the unfavourable weather. the members, along with their children, participated with
great enthusiasm. The event featured the traditional throwing of bright powders, creating a
colourful atmosphere that delighted everyone. In addition tothe fun of the colours, participants
enjoyed delicious foodand 5rtac￿. which added to the festive spirit. The gathering provided an
opportunity for community members to come together. celebrate their CU￿￿re, and strengihen
bonds while having a memorable time with friends and family.
Nepali Movie Screening
BNC successfully hosted its first movie screening program, featuring the film Soul of the
Commando. which highliBhts the remarkable life and contributions of the British Gurkhas. The
screening provided a unique opportunity for the community to gain insight into the dedication
and bravery of the British Gurkhas. The event was well-attended, with approximately 60
membersjoinin8 togethertowatch the film. This event marked an important milestone for BNC,
combining culture and community engagement for our members.
Improving Public Relation
Volunteerin
Park Run in Ju
2024
BNC volunteered at the renowned Parkrun event at Danson Park in July 2024. The event aimed
to contribute to and integrate with the broader local community while promoting health and
wellbeing. Approximately 53 BNC vdunteers participated.
Parliament Wisit- 8 Se
& 2￿ Oct 2023
BNC organized a Parliament Visit last year in coordination with local MP Mr. Louie French. A
total of 50 8NC members attended the event over a two-dayperiod.
Page11

8exley 14epalese Communlty
8NC organi5ed variou5 other program rn to-ordination with other communlties such as'osho
Mediiaiion in co-ordination with Dartford Nepalese Community. Spiritual program for kids
from Nepal's first Ram Katha orator.
Improving Communication Intemally and Externalty
The Digital media and communication team 15 working towards impfoving communitath)n both
with mtmber5 and externally, including the use of social media. Facebook. WhatsApp. Twitter,
Tiktok. and YouTube were selerted as the most commonly used platforrns for member
iThteracbons. In addition to Facebook and Whatsapp. the Charity has also utilized traditional
media such as newspapers. as well as national and intemational online news outlets. including
blog5, to disseminate news to a Wbder community.
The tharity has been incredibfy 5Utcessful in spreading messages and news to our fellow
members and the broader community. while a150 making efforts to liaise both internally and
external￿. To keep up with the digital age. the charity has utilized live broadcasting through
Facebook live for spontaneous coverage of Various activities and events.
8NC has achieved a remarkable rnile5tone by redeveloping tis website. migrating it5 database
and ernail systern to Microsoft 365, and trangtioning its Communi￿110n platform from Wiberto
Whatsapp recenilv.
Financlal Review
The resultsforthe per￿d. andthttharit¢sfinaneial position atthe end of the peritid. are shown
in the attached financial statements. The Charit￿S total incoming resources for the year were
£36,69012023-. £30.1991 of which £23.355 was unrestritted and £13.335 was restricted. All
income is retorded in the tharity accounts.
Durin8 the year grant funds were recerved as folltr4¥S: The Lon¢*)n Community E9.520. TNL
Mayorfs Communrty Weekend London foryouth and Children Program £1.500, Ew￿ £815.
Testo IFootie for all) £l.QCrfJ and Speakers Art Fund Small Gnnt Stheme ESC￿.
In addition of eranL the chwity received a donation of £23.355 from various members of the
community including from Mantax Lynton, Charity's accountants who donated £750 equivalent
io their annual fee lorvarious compliance ser¥￿e$ includin8 preparing charity atcounts.
The charivs total resources expendetl for the year were £40,205, of which £18.884 was
unrestricted and £21.321 was restricted. There was net loss of £3.515 durin8 ihe year. This is
because of the restricted fund of £7.986 carried forward from the previous year was Spent in
the current year.
Page 12

Be￿ Nwleso Communlty
Income & Expenditure
FY23124
FY 22n3
FY 2V22
FY 20fai
no
FY 18119
FY 17118
Ir¥*5•
Pl 16117
The charityand its Volunteers worked very hard to raise fund forthe charlty slnce Incorporatlon
and there was conslstent growth from FY 161171£1.3501 to FY 22J231É30,7901, with a slight
decrease in the current year {£27.2761. This is because of the restrirted fund of £7,986 carried
forward from the previous year was spent in the current year.
Growth of Bank Balance
276
£17.027,
79,
£1
FY16117 FY17118 FY18119 FY19120 FY20121 FY21122 FY22123 FY23124
Golng concern
The trustees have a reasonable expectation that the company has adequate resources
to continue in operational existence for the foreseeable future. For this reason. they
continue to adopt the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern ba515 can be found in the
Accounting Policies.
Pag• 13

8•xley N•pal•Jo Cofftmunlty
TRUMES, RESPONSIBIUTIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
The Tlustees (who are also DI￿rtOrS of 8exley Nepalese Communlty for the purposes of
company lawl are responslble for preparln8 ihe Trustees. report and the flnanclal rtatements
In accordance wlth applleable law and Unlied fin8dom Accountlng Standards Iunlted
Klngdom Generally Accepted AccountSn8 Practlce).
Company law requ5res ihe Trustees to prepafe fiftancr41 statements for eath financlal year.
Under company law the Trustees must not approve the financial statements unless ihey are
satlsfied that they give a true and fair view of the State of affairs of the charitable company
and of the incorning resources and application of resources. indudlng the income and
expenditu￿, of the charltable company for that period. In preparing these financial
statements. the Tnjstees are required to:
select sultable accounting polities and then appty them consistently:
observe the methods and printiples of the Charities SORP-
make judgments and a¢tounting estimates that are reasonable and prudent;
state whether applicable UK Attounting Standards have been followed. Subject to
any material departures diK105ed and explained in the finantial ststements-
p￿pare the financial swements on the going concern basis unless it is inappropriate
to presume that the charitable mmpany will continue in operation.
The Truslee5 are ￿spOnsible for keepine adequate accounting records that are sufficient to
Show and explain the charitable tompany's transactions and disclose with reasonable
accuracy at any lime the financial position of the charitable company and enable them to
ensu￿ that the financial Statements comply with the Companies Art 2006. They are a150
responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the preventi•)n and detection of fraud and other irregularitie
Thi5 report was approved by the Trnstees and signed on their behalf by:
Or Harb5h
Chainnan
ate: 28/1112 J
Po40 14

8exley Nepalese Community
REPORT TO THE TRUSTEES ON THE PREPARATION OF
THE UNAUDITED sfATUTORY FINANCIAL STATEMENTS
OF BEXLEY NEPALESE COMMUNITY
FOR THE YEAR ENDED 31 MARCH 2024
In order to asslst you to fulfil your duties under the Companies Art 2006. we have prepared for
your approval the financial statements of Bexley Nepalese Community for the year ended 31
March 2024 which comprise the Statement of Financial Activities incorporating income and
expenditure atcount. the Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given to us.
As a practising member firni of the Institute of Chartered Accountants in England and Wales
IICAEWI, we are subject to its ethical and other profe55i0nal requirefflents which are detailed
at https:l/V￿w.icaeW.comlreguEatIon.
This report is made solely to the Trustees in accordance with the temis of our engagement. Our
work has been undertaken solely to prepare foryourapproval the financial statements of Bexley
Nepalese Community and state those matters that we have agreed to state to the Trustees, in
this report in accordance with ICAEW Technical Release TECH07116AAF. To the fullest extent
permitted by law. we do not accept or assume responsibility to anyone other than Bexley
Nepalese Community and its Trustees, as a body. for our work or for this report.
It is your duty to ensure that Bexley Nepalesè Community has kept adequate accounting retords
and to prepare statutory financial statements that give a true and fair view of the assets.
liabilities, financial position and net incoming resource5 of Bexley Nepalese Community. You
consider that Bexley Nepalese Cornmunity is exempt from the statutory audit requirement for
the year.
We have not been instrurted to carry out an audit or review of the financial statements of
Bexley Nepalese Community. For this reason. we have not verified the accurary or
completeness of the accounting records or information and explanations you have given to U5
and we do not. therefore. express any opinion on the statutory financial Statements.
Mantax Lynt¢)n
Chartered Accountants & Registered Auditors
207 Equitable House
7 General Gordon Square
London
SE18 6FH
Date: 23 November2024
Page 15

Bexley Alepalese Communlty
Statement of Financial Activities Incorporating Income and Expenditure
Accounts for the Year Ended 31 March 2024
2024
2023
Unrèstritted
Fund
Restrfrted
Fund
Total
Totsl
Note
Income from:
Donations and legacies
Grants & Charitable activities
Total Income
23.355
23.355
13.335
36.690
18,889
11.310
30.199
13,335
1333S
23355
Expenditure on:
Raising funds
Administration costs
Charitable activities
Total eJtp¢nditure
3.455
15,429
18
3A55
36.750
40.205
2.146
20.770
22,916
21,321
21321
et Income I lexpendhule) before
transfèr
4.471
17.9861
13.5151
7.2B3
Total funds brought forward
Total funds tarried fon¥ard
22,883
27354
7,986
30.869
27.354
23.586
30,869
The notes on page5 17 to 20 form part of this financial statements.
Pagè 16

aexloy Ilepalese Communlty
Balance Sheet as of 31 March 20Z4
1024
20Z3
Cash at Bank
Cash In Hand
27,276
78
30.791
78
30169
17J54
Charlty Fund5
Resirlcled Funds
Unrestrirted Funds
T¢)tsl Funds
7,986
22.883
30￿69
273S4
27J54
The Notes on pa8es 17 to 20 forni part of th￿ ljnancial statements.
The comparry's tlftancial"5tatements have been p￿pared In accordance wlth the provisions
applioble to companie5 subleci to the Small company reeime.
TheTrystees coftsiderihatthecompany is entiiled ioexemptlon from the requirefflent to have
an audit undef the provisions of seuion 477 of the tsmpan*s Art 2006 1.the Act.) and
mernber5 hove not required the company io O￿on an a￿lt lor the year In questlon In
accordance with sertton 476 of theA¢i.
The Tfustees a(knLywled8e ¢heir responsibilitits for comp￿Ing wilh ihe requirements of the
Companies Ad 2006 with respect to accounlin8 records and ihe preparation of financial
tements.
The financialllatements were appro¥ed and authorised fw15sue bytheTrusI￿ and si8ned on
their behalf. ty-
Chalrnian
Date: 2s7lil￿>4
Dare:
P*17

Bexley Nepales• Communlty
NOTES TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 Marth 2024
AccauThlinc policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance wfth Accounting and
Rep)rtin8 by Charities- Ststement of Recommended Prartice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective I january 20151
(Charitie5 SORP IFRS 10211. the Financial Reportingstandard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 21x16.
Bexley Nepalese Community meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are Initial￿ recognised at historical cost or transattion
Value unless otherwise ststed in the ￿levant accountin8 policy.
1.2 Cornpany status
The company 15 a company limited by guarantee. The member5 of the company are
the Trustees named on page l. In the event of the company being wound up. the
liability in respect of the guarantee is limited to £1 per member of the company.
1.3 Income
All income is recognised once the company has entlrlement to the income. it is
probable that the income will be received and the amount of incorne receivable
be rneasured reliablv.
For legacies. entitlement is tsken as the earlier of the date on which either: the
company is aware that probate has been granted, the estate has been finali5ed and
notrficat¢on has been made by the executor{sl to the Trust that a distribution will be
made. or when a distribution is received from the estate. Receipt of a legacy. in
whole or in parL is On￿ considered probable when the amount can be measured
reliably and the company has been notified of the executor's intentton to make a
distribution. Where legacies have been notified to the company, or the company Is
aware of the granting of probate. and the criteria for income recognition have not
been met. then the le8ary is treated as a contingent asset and disclosed if material.
Oonated services or facilities are recognised when the company has control over the
item, any conditions associated with the donated item havè been met. the receipt
of economic benefit from the use of the company of the item is probable and that
economic benefit can be measured reliably. In accordance with the Charities SORP
IFRS 1021. the general volunteer time of the Friends is not recognised and refer to
the Trustee5' report for more inforn)ation about their contribution.
On receipL donated professional serv1￿5 and th)nated facilities are recognised on
the basis of the value of the gift to the compary which is the amount the company
would have been willing to paytoobtain ser¥i¢es orf&ilities of equNalent economic
benefit on the open market: a correswnding amount IS then retoenised in
expenditure in the period of receipt.
Page 18

B￿leY Nepalese Communlty
Income tsx ￿coVerable in relation to donatTrons retsNed under Gift Aid or deed5 of
covenant is recognised at the time of the donation. Income tax recoverable In
relation to investment income is recognised at the time the investment income is
receivable.
1.4 Expendlture
Expenditure is recogni5ed once there is a legal or constructive obligation to transfer
economic benefit to a third party. it 15 probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be meaSU￿d
reliably. Expenditure is classified by activity: The costs of each attivity are made up
of the total of dirert Costs and shared costs. including support costs involved in
undertaking each artivity. Direct costs attribLrtable to a single activity are allocated
directly to that activity. Shared costs which contribute to more than one activity and
supportcosts which are not attributable toa sin8le actNtty are apportioned between
those activities on a basis consistent with the use of resourtes. Central staff tosts
a￿ allocated on the basis of time spenL and depreciation charges allocated on the
portion of the asseys use.
Support costs are those costs incurred. direttly in support of expenditure on the
objects of the company and include projert management carried out at
Headquarters. Governance costs are those incurred in connertion with
adrninistration of the company and compliance with constitutional and statutory
requirements.
Costs of generating funds are costs incurred in attracting voluntary income. and
thoseincurred in trading actjvitses that raise funds.
Charitable activities and Governance costs are costs incurred on the company's
operations. including sUPPOrt costs and costs relating to the go¥erinan¢e of the
company apportioned to charitable a¢tivities.
l.S Cash at Bank and in hand
Cash at bank and in.hand includes cash and short term highly liquid investments with
a short maturity of three months or less from the date of acquisition or opening of
the deposlt or similar accounL
1.6 Flnwdal IDslrumeDts
The company only ha5 financial assets and financial liabilities of a kind that qualify
as basic financial instruments. Basic financial instruments are initially recogni5ed at
transaction value and subsequently measured at their settlement value with the
exception of bank loans whith are subsequently measured at amortised cost using
the effeclNe interest method.
1.7 Fund accountlng
General fund5 are unrestricted funds which.are available for use at the discretion of
the Trustees in furtherance of the general objectrves ofthe company and which have
not been designated for other purposes.
Restricted. funds are fvnds which are to be used in attordance wrth specific."
restrictions imposed by donors or which have been raised by the company for
Page 19

particular purpose5. The costs of raising and adrninisteriTha such fund5 are charged
against the speafic fund. The aim and use of each restricted fund is set out in the
notes to the financial ststements.
I. Incom• from Doftaiion and Lewles
Fund
Fund
2023
Donations
23.355
23355
18.889
Totsl
23355
23355
18.889
3: Income from Grants & Charttable arti¥lties
Fund
Fund
24
2023
Mayorfs Community Weekend Fund
The London Community
The National Lottery Community Fund
EWWWMT
Tesco (Footie For Alll
Development Alliances
Speakerfs Art Fund
Non Resident Nepali Association UK
9.520
9.520
9.010
800
815
815
1.0
5(M)
500
Totsl
13335
13335
11.310
4: Anatysls of Expendlture
1024
2023
Fwd
Fund
Totsl
Total
Charitable Artivities
18.134
21.321
39A55
22.166
Legal & Accountancy fee- Governance
750
750
750
Totsl
21321
40.205
22J16
Pag0 20

8exley Alepalese Community
5: Statement of Fund"
Balance at
01 April
2023
Balance
at31
March
2024
Income
Expenditure
Transfers
Unrestyirted funds
General funds - all funds
Restrirted funds
Restricted funds - all funds
22,883
23.355
{18,8841
27.354
7.986
13.335
{21.321)
Total
30,869
36,690
(40,205)
27,354
Balance at
01 April
2022
Income
Expermliture
Transfers
Balance at
31 March
2023
Unrestrirted funds
General funds- all funds
Restricted funds
Restricted funds- all funds
18.S68
19.689
115.3741
22,883
5.018
io.sio
17.5421
7,986
Totsl
23,586
30.199
122,9161
30.869
6: Analysis of Net A55ets by Fund
Unrestrirted Restricted
Ivnds
funds
Total
Total Current Assets: 20Z4
27,354
27,354
Total Current Assets: 2023
22.883
7.986
30,869
Controlling parties
The Company is controlled by the board of trustees who ar¢ a150 the directQTS.
Pagè 21