SOUTH ASIAN HERITAGE TRUST Charity Number: 1199026 FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2023
SOUTH ASIAN HERITAGE TRUST
CONTENTS FOR THE YEAR ENDING 31 DECEMBER 2023
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Page
Receipts and Payments Account 1
Assets and Liabilities 2
Notes forming part of the financial statements 3
Independent Examination report 4
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SOUTH ASIAN HERITAGE TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31 DECEMBER 2023
| Income Grants Donations Sponsorship Total income Expenditure Events costs inc. wages Advertising/marketing Website costs Software & IT Reimbursements Subscriptions Repayment of grant Sundry Professional fees Total expenditure Net income Transfer between funds Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ - 2,165 - 2,165 - - - - - - - - - - 2,165 - 10,952 13,117 |
Restricted funds 2023 £ 25,650 - - 25,650 24,320 420 - - - 35 - 324 275 25,374 276 - - 276 |
Total funds 2023 £ 25,650 2,165 - 27,815 24,320 420 - - - 35 - 324 275 25,374 2,440 - 10,952 13,392 |
Total funds 2022 £ 18,558 6,439 6,000 30,997 17,645 4,817 3,775 425 13 35 237 110 - 27,057 3,940 - 7,012 10,952 |
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The notes on page 3 form an integral part of these financial statements.
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SOUTH ASIAN HERITAGE TRUST
ASSETS AND LIABILITIES ACCOUNT AS AT 31 DECEMBER 2023
| Cash at bank and in hand Represented by funds Unrestricted funds Restricted funds Non Monetary Assets and Liabilities Creditors due within one year Community 360 |
2023 £ 12,252 12,252 13,117 276 13,392 473 473 |
2022 £ 10,952 10,952 10,952 - 10,952 198 198 |
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These accounts were approved by the trustees:
| Name Name Natasha Junejo |
Date Date 21/10/2024 21.10.24 |
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SOUTH ASIAN HERITAGE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER 2023
1. Accounting Policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention and applicable accounting standards.
Incoming resources
All material incoming resources have been included on a receivable basis i.e. they are included if the date receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
Going Concern
The charity is operating on a going concern basis.
2. Key Management Personnel
The charity had no employees in the financial period.
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SOUTH ASIAN HERITAGE TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
I report on the accounts of South Asian Heritage Trust for the year ended 31 December 2023 which are set out on pages 1 to 3.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act;
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charaties Act); and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Shelley Rudling FMAAT AATQB for and on behalf of: Community360
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Date 25.10.2024
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Winsley's House,High Street, Colchester, Essex
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