8lese e BEXLEY NEPALESE COMMUNITY (A company limited by Guorontee und Registered Chority) Company No. 10070054 Charity No. 1187889 ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Bexley Nepalese Communlty BEXLEY NEPALESE COMMUNITY (A compuny limited by Guaruntee and Registered Charity) CONTENTS Page Reference and administrative details of the charity and advisers Chairman'5 review Trustees. report 5-14 Accountants, report 15 ststement of financial activities 16 Balance sheet 17 Notes to the financial statements 18-21 Page 2
8exley Nepalese Community REFERENCE ANDADMINISTRATIVE DAll5 OFTHE COMPANY ANDADVISERS Board of Directors /Trustees I. DT Harish Jy3wali- Chalrman 2. Kesh BahadurGurung 3. Bijay Bahadur Gurun8 4. Ananda Dharel 5. Kedar Thapaliya 6. Dipendr3 Sitaula 7. Narayan Babu Panta 8. Chandrabir Gurung 9. Himal Gurung 10. Uma Gurung 11. Bijita Gautam Company Reglstratlon Number 10070054 Charlty Registration Number 1187889 Registered Office: Equitable Hou5e- 2nd Floor 7 General Gordon Square, C/0 Mantax Lynton, London, England, SE18 6FH Executive Commlttee Chairman Dr Harish Chandra Jyawali Shibararn Gurung, Bijita Gautam, Dipendra Sltaula, 83la M Prasai, Kedar Thapaliya Vlce chairs Secretariat Himal Gurung & Ahilya Kunwar N3r3y8n Babu Panta & Tilak Lamsal Treasury Members Bimala Sedhaee. Sambhunath Adhikari, Sabita Siwakoti, Pankaj Poudel, Pradeep Tripathi, Sarita Sharma, Rajendra Lamsal, Dhaniaj Chongbang, Vishwaraj Paudel, Dikpal Gurung, Basu Aryal, Gurvi Acharya, Sagar Wagle, Pradip Lamsal Bank: Barclay5 Bank PLC, Leicestershire, LE87 2BB A¢countant'. Mantax Lynton Chartered Accountants 207 Equitable House 7 General Gordon Square London, SE18 6FH Page 3
Bexley Nepalese Community Chairman's Review The year 2024-2025 has been another sutce55fiJl year for Bexley Nepalese Community IBNCI. During this period, we have organised and successfully delivered 2 wide range of projects and pro£rammes for our community. These included.. Nepali lènguage and culture classes for children, Christmas celebrations, Yoga, Fitne55 and Zumba 5e55ion5, Deu51 Bhailo programme, Holi celebration, Kids, Football, volunteering at the local Parkrun, a community Walking progiamme, and many more. These activities have played a vttal role in keeping our community physically and mentally active, while also offering meaningful opportunities for social interaction and community bonding. The number of BNC members is growing rapidly in the London Borough of Bexley. as many Nepalese families are moving here irn search of better education and a safer living environment. Bexley Nepalese Community warmly welcomes all new members, helping them feel at home. Our organisation acts as an extended family, engaging members in activities that support their health and wellbeing. encouraging Social connections, and helping them integrate into the multicultural and multifaith society of Bexley. We are proijd to see our youth actively participating In our actlvtties. Through these, they are learnlng about our culture, faith, language, democracy, and leadership. This involvement is helping them to share ideas, build friendships, and take part in charitable work developing into future leaders of our community. LookTng ahead, we are working towards e5tabli5hing a dedicated Bexley Nepalese Community Hall. We are on the right path, and we remain hopeful and committed to making this dream a reality. I would like to express my sincere Eratitude to the enti¥e executive team, our advisors, all BNC member5, the Mayor, Deputy Mayor, and Councillors of the London Borough of Bexley, and our local MP Mr Louie French for their Continued 5UPPOrt of our organi5ation. DrH lyawali Chairman Page 4
Bexley Nepalese Communlty TRU5TEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees presenttheir annual report together with the financial Statements of the company for the year ended 31 March 2025. The Trustees confirm that the Annual Report and financial statements of the company comply WTth the current statutory requirements, the requirement5 of the company's governing dotument and the provi5ion5 of the Statement of Recornmended Pr8Ctice ISORPI, applicable to ¢haritie5 preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 as amended by Update Bullelin I (effective I january 20151. The company qualifies as small tsnder section 383, and therefore the Strategic report required of medium 3nd large companies underThe Companies Act 2006 (Strategic Report and Oirector'5 Report) Regulations 2013 is not prep3red. Strutture, Governance and Management Bexley Nep31ese Cornmunity I'the Charity") 15 a charitable organisation established in 2008 and forrnally registered in March 2016 with the Company House as a company limrted by guarantee and with the Charity Commission on Il, February 2020. The charity is currently working mainly for the benefit of Nepalese community living in Southeast London. specially focused on those living in London Borough of Bexley and neighbouring local authorities. The major beneficiary of the activities will be ex-armed forces personnel (Gurkha veterans) and their families. The Governance and Operation of the Charity is broadly set out by the governing document IAOAI. Organi5atlOn Structure of the charity con51Sts of board of directors I trustees,. executive committee and functional committees. The Board is responsible for all major policy decision5, pproving strategy and objective5 and meets at least four times a year. During the year, there were no change in to board of directors / trustees. The Governance and Operation of the Charity is summarised below= Members at the genera1 meeting appoint Directors l Trustees Directors/Trustees have ultimate responsibility of the operation and strategic direction of the Charity in athieving the objective5. DirectorslTrustees delegate powers by setting up Executive Commlttee and other subcommittees to facilitate the operations of the Charity. Currently there is an Executive Comrnittee and other six task specific committees. Committee may set up various subcommittee, task force orteam for the purpose of smooth delivery of their objective5 and plaas Page 5
Bexley Nepalese Community The operational responsibiltties are shared between Dirertorsnru5tees and other volunteers through committees and sub-committees. The annual programme of the Charity is agreed at the Board in advance and the Board deleEates its implementation power to committees. The members will serve to the commrfees 2nd sUb-comMeeS on voluntary basis. The following is current organisation chart that summarises strategic and operational hierarchv and responsibilities.. .. Bexley Nepalese Communty Members Annual General Meeting Governancelstrategy Board of TnJstee5/Directors Executive Committee led by Chairman Finance Committ88 Governing Board ol School ol Arts, Culture & Language Public Relation Committefy Community Relation Committee Digital Media & Communication Event Management Committ&& Day to day operational activities of the Charity are delegated to the Executive Committee led by the chairman and cornpri5ed of trustees and community members. A5 the charity is run by unpaid volunteers, the executive committee set up further Six major committees, with delegated authority from the Board: Finance Committee headed by Treasurer responsible for overall finance, banking and fundraising. Governing Board of School headed by vice president with responsibility to engage and fill the skill gap identified by the Charity in the area of arts, culture and language. Public Relation Committee headed by General Secretary with an objective to enhance public image of the organisation and improve relationship with major external stakeholders. Page 6
Bexley Nepalese Community Community Relation Committee with an objective to engage local members, beneficiarie5 and maintain statistic. Digital rnedia and commun¥tation committee responsible for internal and external communication including Social media. Event management committee to manage various major or minor events planned for the year All above committee discharged their duty su¢cessfLslly during the year. Board and committees effectiveness 15 maintained and ensured through regular reviews of both Board and individual Trustee performance. In order to achieve its str3tegic goal, the trustees of the charity have registered the organisation with the Charity Cornmission that will open up an access to wider grant funding bodies. Objectives and Activities In setting objective5 and planning for actNities, the Directorsnrustees have given due consideration to general guidance published by the charity commission relating to public benefit. The main objectives 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-5ervicemen and their family members in the London Borough of Bexley who are socially excluded on the grounds of their social and economic positlon by.. Provision of English and Computer Cour5es'. To provide basic English language and cornputer courses for the benefit of the community. Advancement of Gurkha and Nepalese Culture, Tradition and History.. To advallce the education of public regarding Gurkha and Nepalese culture. tradition, and history through such means as the trusteesldirectors deem appropriale. For the purpose of this clause 'soci3lly excluded, means being excluded from society. or part of society, as a resLJIt of being a member of a socially and economically deprived communitv. The Trustees adopt a flexible approach to achieving the objective5 by maintaining rational and pragmatic approach. adèpt with changing need of the society and being as helpful as possible to those we seek to assist. Services are reviewed constantly to assess if they are delivered most effectively. Page 7
Bexley Nepalese Community We managed to conduct following charitable activities in pursuance of its objectives.. Key Highlights 2024-25 1. Organised varieties ol charitable and communily engagement programs. 2. Continue Improving Internal Control System. 3. Submission of Charity Gift Aid claim lo HMRC 4. Successfully coordinated with London Marathon Events and successfully secured 10 places for the Bexley Nepalese Community and continue engage with them in efforts to obtain full marathon places for future events 5. Volunteering Bexley Parkrun event 6. ContinLJe Restrucluring BNC Website. 7. Digitalise and update members database and various paper forms. 8. Proaclively engaged with London Borough ol Bexley, other communities and political leaders. BNC activities & Initiatives Community Outreach l DeM5i Bhailo. Holi Home Wistt & welcomlng new members, engagement with local council and communlty leaderl BNC School of Arts& Language: (Continuity of Nepali class, Celebrated Christmas with Santa Claus, Celebrdted Pujal Charitable Activities rdnt. donor and self funded) Pag8 8
Bexley Nepalese Communlty Charitable Activities Connecting BNC through Yoga & Dance BNC successfully organised 45 weeks of Yoga. Zumba, and Fitness- Season 4 under the theme -StGy Fit Forever~ sponsored by the National Lottery Community Fund. Prior to this, BNC completed a 26- week project Starting in April 2023, also sponsored by the National Lottery Community Fund, followed by a 10-week programme during Season 3 in collaboration with NRNA UK, aimed at f05tering deeper self-collnection and mindfulness. The 45-week Season 4 programme concluded on 31st May 2025 with a small ceremony attended by the Mayor of Bexley and the local MP. On average. more than 80 participants, including children, directly benefited from these 5ession5. These initiatives have significèntW enhanced the health, well-being, and 5elf-awarenes5 of our member5, while also fostering community bonds and a sense of belonging. BNC- Footle for Klds BNC organised 3 20-week"Footie for Kids-season 2" programme starting in January 2025, supported by the Asda Foundation. This followed the 10-week 'Footie for Kids Season I" programme, Sponsored by the Tesco Community Grant. which focused on improving children'5 health, wellbeing, and sense of community belonging. A total of 30 children aged 7-14 participated acr055 both seasons. The second season concluded on 8th lune 2025 with a short ceremony 3ttended by Mr. Louie French, MP and Shadow Parliamentary Under Secretary for Culture, Media and Sport. BNC- Walklng for Health and Wellbeing Launched on 23rd February 2025 and sponsored by the TfL Walking and Cycling Grant, the "Walking for Health and Wellbeing" progfamme aims to improve the physical and mental health of members, reduce social isolation, and strengthen community ties through walking. This is a two-year project, with the first phase running from February to August 2025. Teej Festival and Teej Pooja Teej is a traditional and sacred festival for Nepali Hindu women. To promote Nepal'5 rich culture in the UK, BNC celebrated Teej in August and Teej Pooja in September 2024, attended by over 150 culture-loving women. The programme included both cultural entertainment and religious rituals, making it a meaningful and enjoyable celebration dedicated to a noble cause. Page 9
Bexley Nepalese Community Losar 2025 Losar, the New Year celebrated by Nepalese communities from northern region% of Nepal, was observed in January 2025. The event brought together over 150 attendees, celebrating the diversitv and h3rmc>ny of Nepalese commLJnities within the borough. Continuity with BNC School of Arts. Culture & Language Since November 2018, BNC ha5 been running the School of Art5, Culture, and Language, engaging children up to the age of 16 in art5, culture, langLSage, and sports. During the last term, in addition to regular Nepali languaÉe classes, students celebrated Christmas, Basanta Panchami. and Saraswati Pula. Educational visits to cultural and religious sites were also organised to deepen cultural understanding and community involvement. Currently, 27 students are enrolled in Nepali language lesson5. Community Relations and Belongingness The Community Relations Team has conducted various outreach activities to foster communal, emotional, and personal connections. These include providing support during key life events such as birth5, illnesse5, marriages, bereavement5, and wel¢omin8 new arrÈvals. In the past year, BNC made 7-8 home visits 2nd organised 8 Deusi/Bhailo (Deepawalil cultural programme at 6-7 homes. Around 6(1-80 members participated. The donations collected during the event were used to support the Nepali language school and related activitie5. EC/Advisor/Trustee Team Dinner A festive Chri5tma5 dinner was hosted in December for the EC team, advi50r5, and trustees to strengthen teamwork and relationships. The evening featured quizzes, music, and variou5 fun artivities. BNC Holi Holi, the colourful Nepali festival of joy, was celebrated at Dan50n Park on 15th March 2025. BNC members and their families participated enthusiastically, enjoying the vibrant throwing of powders, delicious food, and cultural bonding. The event offered 3 joyful platform to celebrate tradition and strengthen cornmunity connections. BNC Youth & Chlldren Engagement In December 2024, BNC organised a Youth Event aimed at bringing together children and young people from the community. The focus was on promoting social connection, leadership, and knowledge sharing through variou5 interactfjve and fun activities. Page 10
Bexley Nepalese Community Improving Public Relations: Volunteering at Parkrun On 7th lune 2025, BNC once again volunteered at the Danson Park Parkrun, marking the second time in two years. Around 60 volunteers took part in this well-known event. supporting BNC'S commitment to promoting health, wellbeing, and comrnuntty integration. Improving Communication Internally and Externally The Digital Media and Communication Team has been actively working to enhance both intern31 and external cornmunication5 through the use of platforms such as Facebook. WhatsApp, Twitter, TikTok, and YouTube. Traditional media. newspapers, blogs, and online news outlets have a150 been used to share BNC'S stories with a wider audience. To keep pace with digital trends, BNC has utilised Facebook Live for real-time coverage of events and artivities. A key milestone was achieved with the redevelopment of the BNC website, migration of the database and email systems to Microsoft 365, and transition of it5 communication platform from Viber to WhatsApp enhancing connectivity, collaboration, and information sharing within the community. Page11
Bexley Nepalese Community Financial Review The results for the period, and the charitwsfinancial p051tion at the end of the period, are shown in the attached financial statements. The charity's total incoming resources for the year were £44,69412024.. £36,690) of which £18,359 was unrestricted and £26,335 was restricted. All income is recorded in the chartty accounts. During the year grant funds were received as follows.. Nation31 Lottery (Yoga, Fitness and Zurnbal £19,895, Groundwork UK Iwalking Project) £3,650, ASDA Foundation (Kids Football) £1.950 and East Wickham & Welling War Memorial Trust (Hall Hire) £840. In addition of grant, the charity received a donation of £18,359 from variou5 members of the community including from Mantax Lynton, Charity's accountant5 who donated £750 equivalent to their annual fee for various compliance service5 including preparing charity accounts. The charity's total resouTces expended for the year were £32,171, of which £15,425 was unrestricted and £16,746 was restricted. There wa5 surplus of £12,523 during the year. Income & Expenditure FY 24125 FY 23124 FY 22Iz3 FY 2V22 FY 20121 FY 19120 FY 18119 FY 17118 FY 16117 By 472 Expendltyre i Income The charity and its volunteers worked very hard to raise fund for the charity since incorporation and there was consistent growth from FY 161171£1,4721 to FY 24125 1£44,6941, with a 51ight decrease in the FY 201211£5,2791. Pag8 12
Bexley Nepalese Community Growth of Bank Balance £1,350 £9,579 FY16117 FY17118 FY18119 FY19120 FY20121 FY21122 FY22123 FY23124 FY24125 Going concern The trustees have a reasonable expectation that Bexley Nepalese Community 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 basis can be found in the Accounting Policies. Page13
Bexley Nep81ese Community TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees Iwho are also Directors of Bexley Nepalese Community for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. Comp3ny law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unle55 they are salisfied that tFiey give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, includinE the income and expenditure, of the charitable company 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 ènd principles of the Charities SORP- make judgments and accounting e5timate5 that Bre reasonable and prudent,. state whether applicable UK Accounting Standard5 have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient t0 Show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustee5 and Signed on their behalf by.. Dr arish Jyawali Chairman Date: Page 14
Bexley Nepalese Community REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BEXLEY NEPALESE COMMUNITY FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companie5 Act 2006, we have prepared for your approval the financial statements of Bexley Nepalese Community for the year ended 31 March 2025 which comprise the Statement of Financial Activitie5 incorporating income and expenditure actount, the Ba13nce Sheet and the related note5 from the company's accounting records and from information and explanation5 you have gplen to us. As a pr8Ctising member firm of the Institute of Chartered Accountant5 In England 3nd Wales IICAEWI, we are subject to tts ethical and other professional requirements which are detailed at https'.//www.it3ew.comlregu13tion. This report is made solely to the Trustees in accordance wtth the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bexlev Nepalese Community and state those matters that we have agreed to state to the TrLJStees, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume re5pon5ibility to anyone other than Bexley Nepalese Community and its Trustees, as a body, for our work or for thi5 report. It Is youi duty to ensure that Bexley Nep31ese Community has kept adequate accovnting records and to prep3re statutory financial statements that give a true and fair view of the 3ssets, liabilities, financial position and net incoming resources of Bexley Nep3lese Community. You consider that Bexley Nepalese Community is exempt from the Statutory audit requirement for the year. We have not been instructed to Carry Out an audit or review of the financial Statements of Bexley Nep31ese Community. For thi5 reason, we have not verified the accuraty or completeness of the 3¢counting record5 or information and explanations you have 8iven to US and we do not, therefore, expre55 any opinion on the statutory financial statements. L¥h rv- Mantax Lynton Chartered Accountant5 & Registered Auditors 207 EquTtable House 7 General Gordon Square London 5E18 6FH Date- 2y25 Page 15
Bexley Nepalese Communlty statement of Financial Activitles Incorporating Income and Expenditure Accounts for the Year Ended 31 March 2025 2024 Unrestricted Fund Restrlrted Fund 2025 Total Total Note Income from: Donation5 and legacies Grants & Ch3ritable activities Total income 18,359 18,359 26,335 44,694 23,355 13,335 36,690 26,335 26,335 18,359 Expendlture on: Raising funds Administration costs Charitable activities Total expenditure 1,973 13,452 15.425 1,973 30,199 32,171 3,455 36,750 40,205 16,746 16,746 Net income I lexpendlturel before transfer 13,5151 9,589 12,523 13,5151 Total funds brought forward Total fund5 carried forward 22,883 30.288 27,354 39.877 30,869 27,354 9,589 The notes on pages 18 to 21 forrn part of this financial statements. Page 16
Bexley Nepalese Community Balance Sheet as of 31 March 2025 2025 2024 Current Assets Cash at Bank Cash in Hand Net Current Assets 39.877 27,276 78 39.877 27.354 Charity Funds Restricted Funds Unrestricted Funds Total Funds 9,589 30,288 39,877 27,354 27.354 The Notes on pa8e5 18 to 21 forrn part of thi5 *inancial statements. The company'5 financial 5tatement5 have been prepared in accordance with the provisions applicable to Companies stlbject to the small company regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provi5ion5 of section 477 of the Cornpanies Act 2006 1"the Act") and members h3ve not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirernents of the Companies Act 2006 wilh respect to accounting records and the preparation of financial statements. The financial statements were approved and authori5ed for issue by the Trustees and signed on their behalf, by.. Dr Haris Chairman awali Narayan Panta Treasurer Date.. Ic 10612055 Date.. lo'TL4n£ ?Dir Ptge17
Bexley Nepalese Community NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements are prepared under the hi5torital cost convention and comply with the provi5i0ns of the Staternent of Recommended Practice ISORP 20151 'Accounting and Reporting by Charities, applicable to charity preparing their accounts in accordance with finant131 reporting st3ndard applicable in the UK and Republic of Ireland IFRS 1021, effective I january 2015 and Companies Act 2006. Bexley Nepalese Comrrunity meets the definttion of a public benefit entity under FRS 102. Asset5 and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant atcounting policy. 1.2 Company statu5 The company is a company limited by guarantee. The members of the company are the Trustees narned on page l. In the event of the company being wound up, the liability in respect of the guarantee Is Ilmlted to £1 per member of the company. 1.3 Income All income 15 recognised once the cornpBny has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either.. the company is aware that probate has been granted, the estate has been finalised and notification has been rnade by the executorl51 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 part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacie5 have been notified to the company, or the company is aware of the granting of probate, and the crEteria for intome recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated services or facilities are recognised when the company has control over the item. any condition5 a550ciated with the donated item have 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 Friend5 is not recogni5ed and refer to the Trustees, report for more information about their contribution. On receipt, donated professional services and donated facilities are recogni5ed on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services orfacilities of equivalent economi benefit on the open market,. a corresponding amount is then recogni5ed in expenditure in the period of receipt. Income tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in Pag8 18
Bexley Nepalese Community relation to investment income is recognised 8t the tlme the investment income is receivable. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlemer*t and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the ba515 of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the company's Operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. 1.5 Cash at Bank ènd in hand Cash at bank and in hand includes cash and short terrn highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.6 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrurllents are initially recognised at transaction valLJe and subsequently measured at their settlement value with the exception of bank loans which are Subsequent rnea5UTed at amortised cost using the effective interest method. 1.7 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Tru5tee5 in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged Page 19
Bexley Nepalese Community against the specific fund. The aim and use of each restricted fund 15 set out in the note5 to the financial statements. 2.. Income from Donatlon and Legacles Unrestricted Fund Restricted Fund 2025 2024 Donations 18,359 18,359 23,355 Total 18.359 18.359 23,355 3.. Income trom Grants & Charitable actlvltles UnrestTlrted Fund Restricted Fund 2025 2024 Youth & Children Program The London Community The National Lottery Cornmunity Fund EWWWMT Groundwork UK Asda Foundation Speakers Art Fund WCGL Iwalking project) 1500 9520 18,895 840 18,895 840 815 iooo 1,950 1.950 500 3,650 3,650 Total 26,335 26.335 13,335 4: Analysis of Expendituye 2025 2024 Unrestricted Fund Restricted Fund Total Yotal Charitable Artivities 14,675 16,746 31,421 39.455 Legal & Accountancy fee- Governance 750 750 750 Total 15.425 16,746 32,171 40,205 Page 20
Bexley Nepalese Community 5.. Statement of Fund Balance at 01 April 2024 Balance at31 March 2025 Income Expenditure Transfers Unre5tritted funds Gener31 funds- all funds Restrlcted funds Restricted funds all fund5 27.354 18,359 115,4251 30,288 26,335 116,7461 9.589 Total 27.354 44.694 132.1711 39,877 Balance at 01 Aprll 2023 Income Expenditure Transfers Balance at 31 March 2024 Unrestrlrted funds General funds- all funds Restrirted funds Restricted funds- all funds 22,883 23,355 118,8841 27,354 7,986 13,335 121,3211 Total 30,869 36,690 140.2051 27,354 6.. Analysis of Net Assets by Fund Unrestricted Restricted funds lunds Total Total Current Asset5: 2025 30.288 9.589 39.877 Total Current Assets: 2024 27,354 27,354 Controlling parties The Charity 15 controlled by the board of trustees who are also the directors. Page 21