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 D￿All5 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
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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-comM￿eeS 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.
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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.
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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.
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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.
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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.
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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:
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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
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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.
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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
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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
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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.
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