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 y￿r ended 31 August 2022 Stat•m•nt of th• DlrKtors' and Trust￿. R8sponslbllliS•3 The chartys I￿stee5 are reSpOnsb￿ fortr* ptepar8w of the accounts In aCcO￿ance with the ol the Cryan Ad 2(X)6, Ihe Ch¥tths Act 2011 ¥nd Charthes 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**| |---|---|---|---|---| 6 UNITED NEPAU R￿AL 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