Charity Regisleralion Number
1202885
MONBRIT CLUB
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024

MONBRIT CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Board of Trustees
Balsaikhan Sambuudori.
Nyamaa Jura
Erdene Ouynbold
Sarnbadondov Namkhai
Olgonzul Chultemsuren
Ariunbat Zavzansuren
Erendoo Mergen
Tengis Damrinjav
Registered Charity Number
1202885
Rggistered Offlce
49 North cross road
London
SE22 9ET
Banks
Natwesl
Independent Examiner
Rakibul Ahsan ACCA
Elile Aceounlancy
102
Mile End Road
London
E14UN

MONBRIT CLUB
Report and accounts
Contents
Page
Trustees, Report
Independent Examniers, Retx)rt
Statement of Financial Activities
Balance sheet
Notes to the Financial Slalemenls
6-14

TRUSTEES. REPORT
FOR THE YEAR ENDED 05 APRIL 2024
The trustees present their report and financial slalements for the year ended 05 APRIL 2024.
The financial statements have been prepared in accordance with the accounting policies set out in
note 110 the financial statements and Comply with the trust's Igoverning documentl, the Charities
Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191"
Objectives and activltles
The main policy adopted in furtherancè of these objects is to promote social inclusion for the public
benefit by working wlh people in London and the surrounding area who are socially excluded on the
grounds of their ethnic origin in particular those of Mongolian descent lo relieve the needs of such
people and assist them lo integrate into sociely, in particular by the provision of facilities to play
basketball.
The trustees have paid due regard lo guidan￿ issued by the Charity Commission in deciding what
activities the trust should undertake.
Achievements and performance
Details of the development, aclivilies and achievements of the trust during the year are set out in
the separate annual report.
Financial revlew
There was a deficit of donations received over costs incurred during the year as shown in the
attached accounts.
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that
systems are in place lo mitigate exposure to the major risks.
Structure, governance and management
The trust was established by a charitable trust deed on
The trustees who served during the year and up to the dale of signature of the financial statements
were..
Batsaikhan Sambuudorj
Nyamaa Jura
Erdene Ouynbold
Sambadondov Namkhai
Otgonzul Chultemsuren
Ariunbal Zavzansuren
Erendoo Mergen
Tengis Damrinjav
New trustees are appointed by existing trustees as need arises.
Page I

TRUSTEES. REPORT
FOR THE YEAR ENDED 05 APRIL 2024
The trust is overseen by the trustees who meet regularly during the year. They are trying to
discipline the members where permitted by its Rules and to refèr ils members to be disciplined by
the Constituent Body {as appropriatel where so required by the rules and regulations. and promote,
improve, develop and support the interests of basketball union and other sports where appropriate.
The trustees, report was approved by the Board of Trustees.
Batsaiklla
Chairman
Dated..
buudorj
17 01 L02
Page 2

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MONBRIT CLUB
I report lo th8 trustees on my examination of the financial statements of Monbrit Club for the year
ended 05 APRIL 2024.
Responsibilities and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Acl 2011 {the 2011 Act).
I report in respect of my examination of the trust's financial statements carned out under section 145
of the 2011 Act. In carrying oul my examination I have followed all the applicable Directions given by
the Charity Commission under section 145{5){bl of the 2011 Act.
Independent Examlnerfs Statement
Your attenlion is drawn to the fact that the charity has prepared financial statements in accordance
with Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference
to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1
April 2005 which is referred to in the extant regulalions but has now been withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view
in accordan￿ with Generally Accepted Accounting Practi￿ effective for reporting periods beginning
on or afler 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attention in
connection with Ihe examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the trust as required by section 130 of the 2011
Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination.
I don't have any concerns and 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 financial statements to be reached.
Rakibul Ahsan ACCA
Dated. ￿/03 12
Elite Accountancy
102
Mile End Road
London
E14UN
Page 3

MONBRIT CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 05 APRIL 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
2024
Notes
Income from:
Donations and legacies
40,899
40,899
Total income
40,899
40.899
enditure on:
Charitable activities
43,734
43,734
Net lexpendlture}lincome
for the yearl Nel movement
In funds
{2,835}
{2,8351
Fund balance at 31
March 202412023
{358)
13581
The financial statements were approved by the Trustees on.. 16 January 2025 and signed on its behalf by:
B8tsaikh
Chairman
buudorj
Sambadondov Namkhai
Trustee
Page 4

MONBRIT CLUB
Balance Sheet
As at 05 April 2024
2024
Notes
Current assets
Cash at bank and in hand
10
1,974
Creditors: amounts falling due within
one year
(2,332)
Net current assetsllliabilities)
{358)
Creditors: amounts falling due In more
than one year
Total assets less current liabilities
1358)
Income funds
Unreslricted funds
Restricted funds
13581
{358)
The financial statements were approved by the Trustees on.. 16 January 2025 and signed on its
behalf by:
Batsaikhan Sambuudorj
Chairman
Sambadondov Namkhai
Trustee
Page 5

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024
Accounting policies
Charity informatlon
Monbrit Club is an unincorporated charitable trust.
l. l Accounting conventlon
The financial statements have been prepared in accordance with the trust's constitution, the
Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 2019)" The
trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charilies applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations
2008 only to the extent required lo provide a true and fair view. This departure has involved
following the Statement of Recommended Practice for charities applying FRS 102 rather than the
version of the Statement of Recommended Practice which is referred lo in the Regulations but
which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust.
Monetary amounts in these financial slalements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to
include the revaluation of freehold properties and lo include investment properties and certain
financial instruments al fair value. The principal accounting policies adopted are sel out below.
1.2 Golng concern
Al the lime of approving the financial statements, the trustees have a reasonable expectation that
the trust has adequate resources lo continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the Iruslees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo the financial statements.
1.4 Incoming resources
Income is recognised when the trust is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
Page 6

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024
Cash donations are recognised on receipt. Other donations are recognised once the trust has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at
the lime of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is nol known, Ihe legacy is
treated as a contingent asset.
1.5 Resources expended
Expenditure is charged in the accounts at the time when a liability to make payment is incurred
1.6 Tangible fixed assets
Tangible fixed assels are inilially measured at cost and subsequently measured al cost or valuation,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following bases-.
Fixtures, fittings & equipment
10010 p.a. on
The gain or loss arising on the disposal of an asset is determined as Ihe difference be￿e&￿ the
sale proceeds and the carrying value of the asset, and is recognised in net incomellexpenditure} for
1.7 Impairment of fixed assets
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assels have suffered an impairment loss. If any
SLTch indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss lif any).
1.8 Cash and cash equivalents
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.
1.9 Financial instruments
The trust has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 '01her Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party lo
the contractual provisions ol the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right lo set off the recognised amounts and there is an intention
to settle on a net basis or lo realise the asset and settle the liability simultaneously.
Page 7

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024
Basic flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using
the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured al the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liablllties
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective inleresl rate
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or les5. If not, they are presented as non-current liabilities. Trade creditors
are recognised initially at transaction price and subsequently measured at amortised cost using the
Derecognltlon of financial liablllties
Financial liabilities are derecognised when the trust's conlraclual obligations expire or are
discharged or cancelled.
1. 11 Retirement benefits
Payments lo defined contribution relirement benefit schemes are charged as an expense as they
Critical accounting estlmates and judgements
eslimales and assumptions about the carrying amount of assets and liabilities Ihat are nol readily
apparent from other sources. The eslimales and associated assumptions are based on historical
experience and other factors that are considered lo be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the revision
affects both current and future periods.
Page 8

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED OS APRIL 2024
3 Donations and legacies
2024
Donation and gifts
Other Income
40.537
362
40,899
4 Charltable aclivities Expenditure
2024
Direct costs (Basketball)
Other direcl (Other program)
36,228
5,501
41,729
Analysis of support costs (see note 5)
Analysis of governance costs (see note 51
1,045
960
43,734
Analysls by fund
Unrestricted funds
Restricted funds
43,734
43.734
5 Support costs
Governance
costs
2024
Support cost
Administration costs
Professional & Legal Fee
1,045
1,045
960
2,005
960
960
1,045
Analysed between Charitable activities
1,045
960
2,005
Governance costs includes payments lo the independent examiner of £1,500 for
independent examination and accountancy fees.
Page 9

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024
6 Employees
Number of empoyees
The average monthly number of empoyees during the year was..
2024
Number
Permanent
Volunteer
There were no employees whose annual femuneration was £60000 or more
7 Creditors: Amounts falling due within one year
2024
Professional & Legal Fee
GLL, Middlegate House
960
1,372
2,332
8 Unrestricted funds
The income funds of the charity include restricted funds comprising the following unexpended
balances of donations and grants held on trust for specific purposes..
Movement In funds
Balance at 1 Incoming Resources
April 2023
resources
Expended
Balance at
31 March
2024
Fund
2,477
2,477
40,899
40,899
143,7341
143,734)
{358)
(3581
9 Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
2024
funds
2024
2024
Net assets
(3581
1358)
(3581
13581
Page 10

MONBRIT CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2024
10 Cash and cash equivalents
Opening
balance 1
April 2023
Closlng
balance 31
March 2024
Cash flow
movement
2,477
15041
1.974
11 Related party transactlons
There are no disclosable related party transactions during the year
Page 11