Company Registration Number - 12232562
The Charity Registration Number is :- 1196468
UNITED NEPALI REVIVAL CHURCH LIMITED
Report and Accounts
31-Aug-22
SMP ACCOUNTANTS LIMITED
Chartered Certified Accountants
UNITED NEPALI REVIVAL CHURCH LIMITED
Report and accounts for the year ended 31 August 2022
Contents
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Trustees' Annual Report | 2 |
| Statement of trustees' respobibilities | 4 |
| Independent examiner's report | 5 |
| Statement of Financial Activities | 6 |
| Notes to the accounts | 8 - 11 |
UNITED NEPALI REVIVAL CHURCH LIMITED
Reference and administrative details
| Charity name | UNITED NEPALI REVIVAL CHURCH LIMITED | UNITED NEPALI REVIVAL CHURCH LIMITED |
|---|---|---|
| Charity registration number | 1196468 | |
| Registered and Principal office | 4 Hapgood Close | |
| Greenford | ||
| UB6 0SY | ||
| Principal delivery base | Sudbury Methodist Church | |
| 809 Harrow Road | ||
| Wembley | ||
| London | ||
| HA0 2LP | ||
| Trustees | Shiva Raj Sunwar | Chair |
| Pan Bahadur Moktan | ||
| Surendra Kumar Sunwar | ||
| Deb Prasad Gurung | ||
| Bankers | Barclays Bank PLC | |
| Accountants | SMP Accountants Limited | |
| Chartered Certified Accountants | ||
| 18 Royal Lane | ||
| Yiewsley | ||
| West Drayton | ||
| UB7 8DL |
1
UNITED NEPALI REVIVAL CHURCH LIMITED
Company Registration Number - 12232562
Trustees' Annual Report for the year ended 31 August 2022
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
Surendra Kumar Sunwar
Shiva Raj Sunwar Pan Bahadur Moktan
Deb Prasad Gurung
The trustees are pleased to submit their report with the financial statements of United Nepali Revival Church for the year ended 31 August 2022. The trustees confirm that the report and financial statements of the charity comply with the 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 of Ireland (FRS102) effective from 1 January 2015, current statutory requirements, the requirements of the charity’s constitution, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
Objectives of Charity:
To advance the Christian faith in accordance with the Statement of Faith throughout England & Wales for the benefit of the public mainly but not exclusively through the holding of religious services, raising awareness of religious beliefs and practices, religious education, outreach and pastoral care in the community.
The main activities undertaken during the period to further the charity's purpose for the public benefit.
The trustees review the aims, objectives and activities of the charity each year. This report summarises the main activities undertaken during the year to further the charity’s purpose for the public benefit. In planning and managing activities for the year, we have at all times kept in mind the Charity Commission guidance on public benefit.
The core focus of all our activities remains working with children and young people who are disadvantaged, vulnerable and/or at risk due to their personal and family situations.
We welcome all young people regardless of personal background, faith, gender, ability, disability or personal circumstances.
The main achievements of the charity during the year to further the charity's purpose.
Summary of Main Achievements
The charity aims for the religious teaching to work amongst the Nepalese communities in and around UK through the Nepali evangelist pastor for the advancement of the Christian faith in Nepali and amidst the Nepalese diaspora.
In order to teach the sound Biblical doctrine, the Church organises regular traning sessions for the local pastors and leaders of different Nepali church gropus in the UK. They work in collaboration with Nepali Christian Churches UK, to provide financial as well as educational support for those in need.
Fundraising activities during the period.
The charity relies on donations and tithe from the donors identified in the accounts, whose support is valued. There have been no other fundraising activities.
2
UNITED NEPALI REVIVAL CHURCH LIMITED
Company Registration Number - 12232562
Trustees' Annual Report for the year ended 31 August 2022
Governance, structure and management of the charity
The methods used to recruit and appoint new charity trustees.
New trustees are selected and recruited by advertising positions through the charity's network or head hunted from the pool of prominent personalities within the community and the potential candidates are interviewed by Chair and trustees. Successful candidate is asked to join the board and appointed officially at the Annual General Meeting.
The policies and procedures for the induction and training of trustees.
All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the Charity and fully comply with the Charity’s current view of its progression. They are required to participate in an orientation day to ensure they are aware of both their legal and professional responsibilities under Charity law.
The charity's organisational structure.
The charity comprises of total 4 trustees and are jointly responsible for the general control and management of the charity. Shiva Raj Sunwar is chair of the board and all trustees are responsible for daily running of the charity.
The board meet together as a body on regular basis and are responsible for all decisions taken in relation to running the charity and community programs and activities provided by the charity.
Risk management.
The trustees and responsible staffs have duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and claims. The trustees and office bearer are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place to cover the activities of the charity and finances are kept under close review. Appropriate Disclosure barring Service (DBS) checks, supported by regularly reviewed policies, are made for all those who work with children or other vulnerable groups within the charity or the area where activities take place.
Financial review
Unrestricted Revenue Funds available for the 139,909 general purposes of the charity
Financial review of the position at the reporting date, 31 August 2022
During the year the charity has a net gain of £2,796 taking the total funds to £139,909. The charity has brought forward funds balance of £137,112.
The charity has £52,872 in unrestricted revenue fund at the period end.
The trustees are satisfied with the financial statements as at the year end and remain confident to continue to raise the level of funds to meet the objectives of the charity.
Policies on reserves.
Trustees have an agreed reserves policy, which is reviewed annually.
United Nepali Revival Church requires unrestricted reserves to safeguard the organisation and to cover situations such as fluctuations in receipt of payments and unforeseen events or situations that may happen. Our reserve policy has been set at 3 to 6 months running costs, which are defined as our fixed commitments to ensure we can continue to operate.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
3
UNITEO NEPALI REVIVAL CHURCH UIAITED Trust•es' Annual R&port for the yr ended 31 August 2022 Stat•m•nt of th• DlrKtors' and Trust. R8sponslbllliS•3 The chartys Istee5 are reSpOnsb fortr ptepar8w of the accounts In aCcOance with the ol the Cryan Ad 2(X)6, Ihe Ch¥tths Act 2011 ¥nd Charthes <ACcnts and Reports) Re9Uth 2(N)8. Noiwthstsndry ihe explKit requIrnnt ID the extwrt $t¥fvityy charit {Acjnts Reports) Regukgtsons 26, 10 ppa the financial statements in acCrydan wth SORP 2W5. in v of fact that the SORP 2005 ha6 been wthdrawn. the Ttee5 dotormitd to IntWPl81 a5 r•Juinry It to cuttwl 1$1 pr•cty¢e •nd Ppare the accouDts #E¢vqJing FRS 102 SORP Istatemenl of Recrrrf for Amntir4 8nd Rewrbng by Chatibesl 2015. las amerwjed bytr FebAAry 2016}. Tr SORPI.. eath • trL and lair vw of the sla12 of affaw5 01 the clwty as at of fv fin•ncwl ar and oftro SUu or defK4t olthe rh•tity. In wsparry firncIal Slateffl the Board i¥ requrtd to:. to th81th8 ¢h8r ¥Alk ¢Mtinue In 1rs$." vvw dlhe slate ofaffair5 the offv surthts ordefaiofthe tharty lorthe bar. al any the f1n(J of fv Chanty and are surrKYnt b) sh and the chafws traa¢bOn% ¥n end)le them to ensure that Ihe fiMnL4 8taNnrs the cryan Act 20CO athy ¢fnKty with Tegulatr m•Ye under the Charttm Art rtswrtsAe for safeguardThJ the as8ets Of honce lor tsking Tl Tmstets we 00 for Ihe ccffitents of Tiwws. rewJr( thE 5tstutory re5wn$knlty of th8 IndendeNt Exnir n) ffebon 10 Tntse5' report tx•ThnifwJ ts reFth aTrJ ensurrfvj that. on it of The finarrial statem?nts a pw•$6 1024. finaw81 $tstennts h•ve been prepared wroknribrrfJ tr FRS 102 SORP IStsrnnt of RecommpDded Prxtic¥ for Accryjntsng arwj Reportry by Chwthesl 2015. laE amerrfjed bytr tsi February 20161, (Tr SORPI, and in wth thtr R¢F4)r4 StWArd 102. (eIledr 1atJwJary20161 atNe subpdto fv small CLryan rvw. Thrd repDrtwa¥ awtydJ by th&bo8rd dtrustees on 22 May202 Shiva Aal Sunwar Dirtor Trus*e
UNITED NEPALI REVIVAL CHURCH LIMITED
Report of the Independent Accountant to the Trustees of the charitable company on the accounts for the year ended 31 August 2022
We report on the financial statements of UNITED NEPALI REVIVAL CHURCH LIMITED for the year ended 31 August 2022, as set out on pages 6 to 24, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charitable company are prepared, in all material respects, in accordance with the Companies Act 2006 and with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 8 - 11, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
Respective responsibilities of the directors and the accountant
As described on page 4, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. The Trustees also consider the charitable company to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
No statement of opinion
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
SMP ACCOUNTANTS LIMITED
Chartered Certified Accountants
18 Royal Lane Yiewsley West Drayton Middlesex UB7 8DL
This report was signed on 22 May 2023
5
UNITED NEPALI REVIVAL CHURCH LIMITED - Statement of Financial Activities for the year ended 31 August 2022
Statement of Financial Activities (including the Income and Expenditure Account for the year from 1 September 2021 to 31 August 2022, as required by the Companies Act 2006)
| Income from: Grants and donations Expenditure on: Charitable activities Other B3 Total expenditure Net income for the period Total funds brought forward Total funds carried forward Net movement in funds |
Current year Unrestricted Funds 2,022 £ 52,872 37,680 12,395 50,075 2,797 2,797 137,112 139,909 |
Current year Restricted Funds 2,022 £ - - - - - - - - |
Current year Total Funds 2,022 £ 52,872 37,680 12,395 50,075 2,797 2,797 137,112 139,909 |
Prior Year Total Funds 2,021 £ 39,812 10,576 7,389 17,965 21,847 21,847 115,265 137,112 |
|---|---|---|---|---|
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UNITED NEPAU RAL CHURCH uidrrED- Bdance She6t M •t 31 kngU•t 2022 2022 2021 T¥NJtyfr 4$¥•¥ C•sh at bank ArKI in hArAt 141.712 {4. 139.405 137.112 139.wg I39.8 UnreEtiiGt•d Fund R•nuè FL)J* 139.9)9 137.112 137.112 139.gJ9 137.112 sh Sunwar Direaoi I
UNITED NEPALI REVIVAL CHURCH LIMITED
Notes to the Accounts for the period from 1 September 2021 to 31 August 2022
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, in accordance with the 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 of Ireland (FRS102) issued on 16 July 2014 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The trust constututes a public benefit entity as defined by FRS102.
Preparation of the accounts on going concern basis.
The charity's activities are entirely dependent on continuing grant aid and voluntary donations as well as revenues from charitable activities. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.
The charity's post year end operations were impacted by Covid 19 restrictions and lockdowns, however, charity has been able to restore its operations gradually and expects to operate in full capacity with assistance of technologies and full adherence to national panedemic guidances.
Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31st August 2023, the trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Charitable expenditures comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.
Creditors and provisions
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
2 Liability to taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year Trade creditors Accruals |
2022 £ 2,300 2,350 4,650 |
|---|---|
8
UNITED NEPALI REVIVAL CHURCH LIMITED
Notes to the Accounts for the period from 1 September 2021 to 31 August 2022
5 Income and Expenditure account summary
| Income and Expenditure account summary At 1 September 2021 Surplus for the year At 31 August 2022 |
2022 £ 137,112 2,797 139,909 |
|---|---|
6 Net assets by funds
| At 31 August 2022 Current Assets Current Liabilities At 31 August 2021 Current Assets Current Liabilities Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds Change in total funds over the period as shown in Note 6 , analysed by individual funds |
Unrestricted funds £ 144,559 (4,650) 139,909 Unrestricted funds £ 141,712 (4,600) 137,112 Funds brought forward from 2021 £ 137,112 137,112 137,112 |
Designated funds £ - - Designated funds £ - - - Movement in funds in 2022 £ 2,797 2,797 2,797 |
Restricted funds £ - - - Restricted funds £ - - - Transfers between funds in 2022 Total £ - 139,909 - 139,909 - 139,909 |
|---|---|---|---|
Change in total funds over the period as shown in Note 6 , 7 analysed by individual funds
8 Analysis of movements in funds over the period as shown in Note 7
| Other | ||||
|---|---|---|---|---|
| Income | Expenditure | Gains & | ||
| Losses | ||||
| 2,022 | 2,022 | 2,022 | ||
| £ | £ | £ | ||
| Unrestricted and designated funds:- | ||||
| Unrestricted Revenue Funds | 52,872 | (50,075) | - |
9 Ultimate controlling party
The charity is under the control of its trustees.
9
UNITED NEPALI REVIVAL CHURCH LIMITED
Notes to the Accounts for the period from 1 September 2021 to 31 August 2022
| 12 Income from grants and donations Current year Unrestricted Funds 2,022 £ Grants and donations 3,210 49,662 52,872 Total Income from grants and donations 52,872 13 Expenditure on charitable activities - Direct spending Current year Unrestricted Funds 2,022 £ 11,455 8,320 3,898 643 1,814 Total direct spending 26,130 14 Expenditure on charitable activities- Grant funding of activities Current year Unrestricted Funds 2,022 £ 11,550 Total grant making costs 11,550 15 Current year Unrestricted Funds 2022 £ Premises Expenses 5,455 Travel and Subsistence - Charitable Activities Refreshments Members' welfare Professional Indemnity insurance Funeral support Total grants and donations Donations and gifts Tithe and offerings Support costs for charitable activities Grants made to individuals Rent payable under operating leases |
Current year Restricted Funds 2,022 £ - - - - Current year Restricted Funds 2,022 £ - - - - - - Current year Restricted Funds 2,022 £ - - Current year Restricted Funds 2022 £ - |
Current year Total Funds 2,022 £ 3,210 49,662 52,872 52,872 Current year Total Funds 2,022 £ 11,455 8,320 3,898 643 1,814 26,130 Current year Total Funds 2,022 £ 11,550 11,550 Current year Total Funds 2022 £ 5,455 |
|---|---|---|
10
UNITED NEPALI REVIVAL CHURCH LIMITED
Notes to the Accounts for the period from 1 September 2021 to 31 August 2022
| Administrative overheads Financial costs Total support costs 16 Total Charitable expenditure Total direct spending Total grant making costs Total charitable expenditure 17 Total of other expenditure Total support costs Total other expenditure Professional fees paid to advisors other than the auditor or examiner Subscriptions to periodicals Software licences and expenses Accountancy fees other than examination or audit fees Equipment expenses Depreciation & Amortisation in total for the period |
2,389 1,973 80 2,330 168 12,395 Current year Unrestricted Funds 2,022 £ 26,130 11,550 37,680 Current year Unrestricted Funds 2,022 £ 12,395 12,395 |
- - - - - - Current year Restricted Funds 2,022 £ - - - Current year Restricted Funds 2,022 £ - - |
2,389 1,973 80 2,330 168 12,395 Current year Total Funds 2,022 £ 26,130 11,550 37,680 Current year Total Funds 2,022 £ 12,395 12,395 |
|---|---|---|---|
11