2025-03-31-accounts - Ashoks Vision International

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ASHOKS VISION INTERNATIONAL

Charity No. 1193446

Trustees' Report and Unaudited Accounts

31 March 2025

ASHOKS VISION INTERNATIONAL Contents

	Pages
Trustees' Annual Report	2 to 4
Statement of Financial Activities	5 to 5
Balance Sheet	6 to 6
Statement of Cash flows	12 to 12
Notes to the Accounts	7 to 11
Detailed Statement of Financial Activities	13 to 14

Page 1

ASHOKS VISION INTERNATIONAL Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1193446

Principal Office

SUITE 2000 (c/o Investa Finance) 16-18 WOODFORD ROAD LONDON E7 0HA

Trustees

The following trustees served during the year:

Z. Ali

R.S.J. Commey

S. Miah

Accountants

AF Accountants Unit F 37 Princelet Street

London E1 5LP

OBJECTIVES AND ACTIVITIES

Youth Mental Wellbeing Charity providing free activities and resources to young people in the community with a view to improving their mental wellbeing and creating engagement opportunities for them.

From Woodgrange Market Forest Gate London E7) we operated a weekly market stall attended by young people from local communities. We distributed self-care items to young people as well as began to deliver Nature and Biodiversity projects which focuses on improving local community spaces. On our market stall young people learn about planting and collaborate with local organisations and help with the cleaner and greener agenda of the borough and wider London. We are making positive change in our local area by supporting young people to look after their overall wellbeing and have aspirations to aim high and reach their full potential. It is an Inclusive Youth Led project for Youth!

ACHIEVEMENTS AND PERFORMANCE

We have been consistent with our presence in WoodGrange market. We are visible engaging young people in planting activities, volunteering and collaborating with local community groups. Young people are learning about the importance of nature and climate and green spaces. Volunteer’s get free plants for their living space as well as self-care items and stationary.

Page 2

ASHOKS VISION INTERNATIONAL

Trustees Annual Report

We have on average 10-15 youth attend our stall each session. Backgrounds of the young people are diverse. South Asian, British white, European, Black Caribbean, African, Middle eastern, East Asian, South American and Roma community. Some of our volunteers are bi lingual so we have been able to reach out too many people in the community who are hard to reach and engage. We also have young people and parents visiting who have learning difficulties and disabilities. We have a mixture of females, males and people from the LGBT community who have accessed our stall.

Key Milestones:

We have created new projects and gained new members from the community to support.

Engaging young people in the community from diverse backgrounds and ability levels Getting young people interested in Cleaner, greener environment

Getting young people involved in planting and making Newham a greener borough

Collaboration of other local community groups (WoodGrange market place, Forest gate community garden, Newham Voices Newspaper, Woodcraft folk, Forest Gate Womens Institute and Forest Gate Pride and local schools and library

There is a visible youth presence in the market every Saturday Young people are learning new skills and knowledge about local community Supporting young people access support for own mental wellbeing Personal development and community outreach skills Project management and leading a community market

Engagement with new community groups, such as the Roma community in Forest Gate as well as the Faith groups (Church and mosque)

Volunteers have been able to gain new skills and development opportunity.

Our volunteers are all keen to support the vision and mission of the charity. They support on a sessional basis and help with activities and projects. All volunteers are DBS checked and bring a wealth of knowledge and expertise from different areas and help our projects developments and reach new milestones.

FINANCIAL REVIEW

A review of the charity's financial position at the year end 31 March 2025

PLANS FOR FUTURE PERIODS

We have also made new connections with organisations and our social media account has been growing interest and popularity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CIO

We used election and voting process for our selection via our Trustees and Youth Volunteers who are the beneficiaries

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 3

ASHOKS VISION INTERNATIONAL Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

S. Miah Trustee 31 March 2025

Page 4

ASHOKS VISION INTERNATIONAL Statement of Financial Activities

for the year ended 31 March 2025

Unrestricted funds	Total funds	Total funds
2025	2025	2024
£	£	£

10,349	10,349	25,132
10,349	10,349	25,132

2,809	2,809	12,507
12,466	12,466	6,273
15,275	15,275	18,780
-	-	-
(4,926)	(4,926)	6,352
-	-	-
(4,926)	(4,926)	6,352

(4,926)	(4,926)	6,352

11,017	11,017	4,666
6,091	6,091	11,018

Page 5

ASHOKS VISION INTERNATIONAL Balance Sheet

at 31 March 2025

at 31 March 2025
Charity No. 1193446 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 7 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 8 Unrestricted funds 8 General funds Reserves 8 Total funds Approved by the trustees on 31 March 2025	2025 £ 6,707 6,707 (616) 6,091 6,091 6,091 6,091 6,091 6,091 6,091	2024 £ 11,634
		11,634 (616)
		11,018 11,018
		11,018
		11,018
		11,018
		11,018
		11,018

And signed on their behalf by:

S. Miah Trustee 31 March 2025

Page 6

ASHOKS VISION INTERNATIONAL Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

ASHOKS VISION INTERNATIONAL Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

ASHOKS VISION INTERNATIONAL

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Expenditure on charitable activities Expenditure on charitable activities Governance costs	Unrestricted £ 349 10,000 10,349 Unrestricted £ 2,809 - 2,809	Unrestricted funds 2024 £ 25,132 25,132 12,507 6,273 18,780 6,352 6,352 6,352 4,666 11,018 Total 2025 £ 349 10,000 10,349 Total 2025 £ 2,809 - 2,809	Total funds 2024 £ 25,132
			25,132 12,507 6,273
			18,780
			6,352
			6,352
			6,352 4,666
			11,018
			Total 2024 £ 132 25,000
			25,132
			Total 2024 £ 8,892 3,615
			12,507

Page 9

ASHOKS VISION INTERNATIONAL Notes to the Accounts

5 Other expenditure

5 Other expenditure
Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 6 Staff costs No employee received emoluments in excess 7 Creditors: amounts falling due within one year Loans from trustees 8 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 9 Analysis of net assets between funds Net current assets	of £60,000. At 1 April 2024 11,017 11,017	Unrestricted £ 8,340 186 2,012 968 960 12,466 2025 £ 616 616 Incoming resources (including other gains/losses ) £ 10,349 10,349	Total 2025 £ 8,340 186 2,012 968 960 12,466 Resources expended £ (15,275) (15,275) Unrestricted funds £ 6,091 6,091	Total 2024 £ 3,147 924 - 2,202 -
				6,273
				2024 £ 616
				616
				At 31 March 2025 £ 6,091
				6,091
				Total £ 6,091
				6,091

Page 10

ASHOKS VISION INTERNATIONAL Notes to the Accounts

10 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 April 2024 £	Cash flows £	At 31 March 2025 £
	11,634	(4,927)	6,707
	11,634 11,634	(4,927) (4,927)	6,707
			6,707

Page 11

ASHOKS VISION INTERNATIONAL Statement of Cash flows for the year ended 31 March 2025

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Net cash (used in)/provided by operating activities Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2025 £ (4,926) (4,926) - - (4,926) 11,634 6,708	2024 £ 6,352
		6,352
		-

		-

		6,352
		5,281
		11,633

Components of cash and cash equivalents
Cash and bank balances	6,707	11,634

	6,707	11,634

Page 12

ASHOKS VISION INTERNATIONAL Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Charitable activities Governance costs Total of expenditure on charitable activities Employee costs Staff training Staff welfare Temporary staff Motor and travel costs Travel and subsistence Premises costs Rent Premises cleaning General administrative costs, including depreciation and amortisation Equipment expensed General insurances Stationery and printing Subscriptions Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs	Unrestricted funds 2025 £ 349 10,000 10,349 10,349 2,809 2,809 - - 2,809 2,064 - 6,276 8,340 186 186 1,980 32 2,012 - 223 745 - 968 960 960 12,466	Total funds 2025 £ 349 10,000 10,349 10,349 2,809 2,809 - - 2,809 2,064 - 6,276 8,340 186 186 1,980 32 2,012 - 223 745 - 968 960 960 12,466	Total funds 2024 £ 132 25,000
			25,132
			25,132 8,892
			8,892
			3,615
			3,615
			12,507 - 3,147 -
			3,147
			924
			924
			- -
			-
			1,089 - 64 1,049
			2,202
			-
			-

			6,273

Page 13

ASHOKS VISION INTERNATIONAL Detailed Statement of Financial Activities

ASHOKS VISION INTERNATIONAL Detailed Statement of Financial Activities
Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	15,275 - (4,926) (4,926) - (4,926) 11,017 6,091	15,275 - (4,926) (4,926) - (4,926) 11,017 6,091	18,780 -
			6,352
			6,352 -
			6,352
			4,666
			11,018

Page 14