Charity Regis16ralion Number 1202885 MONBRIT CLUB ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025
MONBRrr CLUB LEGAL AND ADMINISTRATIVE INFORMATION Board of Tru$*•è$ Balsalkhan Sambuudori Nyamaa Jura Erdene Ouynbold Sambadondov Namkhal Otgonzul Chullemsuren Ariunbal Zavzansuren EreTKloo Mergen Tewls Damrfnffiav R•g18lered Charlty NuMr 1202885 ROgtaTed Offl¢e 49 North cross rood London SE22 9ET B•nk8 NalWe$l Independent Examlner Yt>usuf All FCCA El8 Accounlancy 102 Mile End Road London E14UN
MONBRIT CLUB Report and accounts Contents Pag• Trustees, Report Independonl Examniers. Report StsIBm8nl of Financial Actmlles Balance sheet Notes to the Financial Staternents 6-12
TRUSTEES. REPORT FOR THE YEAR ENDED 05 APRIL2025 Tho Irustees present Ih6ir report 8nd financial statements for the year endeé 05 APRIL 2025. Th8 financial slatemenl8 h8ve been prepared in accordance wlth the aecounling policies set out In note 110 the financial statements and comply vhlh the trust's tgoverning documenll, the Charities Act 2011 and "AcGounling and Reporllng by Charllies.. Slalement of Recommended Pr8Ctlce appllc8ble to charities preparlng their accounts in accordance vllh the Flnanclal Reportlng Standard appllcable Sn the UK and Republic of Ireland IFRS 102) leffecllve 1 January 2019>". Objectlves and a¢tlvltles The main policy adopted in furtherance of these objects is to prcmole social inclusion for the publlc benefll by worklng wllh people In London and the surrounding area who are soclally excluded on lh6 grounds of Ihelr ethnic OfrJin in particular those of Mongolian descenl to relieve the needs of su¢h people and 8sslsl them to integrate into society, in particular by the prowslon of facilities lo play basketball. The trustees have pakl due regard lo guld8nce Issued by the Charlty cmISSion in deGiding what activities the trust should undertake. Achièvements and pgrforrnanco Delalls of the developmenl, a¢llvlbes and achlevem8nls of the trust during the ye8r are Set out In the s6p8rala annual report. Financlal revlew There was a deficit of donations received over costs Incurred durtng the year as shown in the allach8d accounts. The trustees have assessed Ihe major risks to whlch Ihe trust is exposed, and ar8 satisfied that systems are in ace lo mltigate exposure lo the major risks. struclure, goveMan¢e and management The tru51 was established by a charitable trust deed on The trustees who served during th8 year and up to the dale of signature of Ihe linanclal statements were: Bals8lkhan Sambuudori Nyamaa Jur Erdene Ouynbold Sambadondov Namkhai Otgonzul Chultemsuren Ariunbat Zavzansuren Erendoo Mergen Tengis Damrinjav New trustees are appointed by existing Iruslees 8s ne8d arfses. Page I
TRUSTEES. REPORT FOR THE YEAR ENDED 05 APRIL 202S The trust Is overseen by the truste88 meet regularly dun9 the year. They are trying to discipline the members where peimilted by ils Rules and lo refer ils mgmbers to be disclplined by the Conglituenl 8ody186 8ppropri81e) ere GO required by the rules and r8gulalions. and promot8, improve. develop and support the interests of basketball union and other sports where appropriate. The Iruslees, report was approved by the Board of Trustees. Batsalkhan Sambuudorj Chaiiman Dated.. 03 o I. IL Pa8e 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MONBRIT CLUB I report to Ihe trustees on my examination of the financial statements of Monbril Club for the year ended 05 APRIL 2025. Re$ponsibillties and basls of report As the Iruslees of the trusl you are responsible for the preparallon of tho financlal statements In accordance with the requSrements of the Charitie8 Act 2011 Ilhe 2011 Acti. I report In respect of my examination of the trust's financi81 slalemenls carrled out under secllon 145 of the 2011 Acl. In c8rwng out my examination I have followed all the applicable Directions glven by the Charity Commisslon under section 145(5}Ib) of the 2011 Act. Independent Examlnerfs Statement Your attention is drawn lo the fact th81 Ihe ¢harfty has prepared financlal statements In accordan with Accounting and Reporting by Charltleg preparing their acttounts in 8ccordance with the Financi81 Reporling Standard applicable in the UK and Republic of Iland IFRS 102) in preference lo the Accountlng and Reporting by Charilles.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understand that this has been done in older for flnan¢ial statements lo provide a true and falr vtew in accord8n¢e wlh Generalty Accepted Accounllng Practice effective for reporting perlods beginning on or after l January 2015. I have completed my &xamlnatlon. I confirm that no matters have come to my attenllon In connection with the examination giving me cause to belleve that In any material respe¢t'. 8ccounting records were not kept in respect of the trust as required by section 130 of the 2011 the flnanclal statements do not ac£ord wllh those records- or the flnancial stal&ments do not comply wlth the applicable requirement5 concerning the form and content of accoun18 sel out In Ihe Charllies (Accounts 2nd Report51 Regulations 20D8 ottier than any requir8menl that the accounts give a true and fair view which is not a maller considered as parl of an independent 8xamlnallon. I dony have 8ny concerns and have comè across no other matters In conne¢tk)n wth the examination lo whlch atlenlion should be drawn in this r8POrt in order lo enable a proper understanding of Ihe financial Statements lo be reached. Yousuf Dated.. Elile Ac 102 Mile End Road London E14UN nl ncy Page 3
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MONBRIT CLUB Balance Sheet As at 05 Aprll 2025 2025 2024 Notes Current assets Cash at bank and in hand 10 4,513 1.974 Creditors: amounts falllng due wlthln one year {5,529) 12,332) Nel current 8ssetsl(liabilitiesl 11.0161 1358) Credilors: amounts falllng due In more than onè year Total assets less current Ilabllitles {1,016} 1358) Income funds Unreslricled funds Restricted funds (1,016) 1358) (1.016) 1358) The flnanclal statements were approved by the Trustees on: 2 February 2026 and si8ned on its behalf bv= Batsalkhan Sambuudorj Chairman Sambadondov N.. Trustee Page 5
MONBRrr CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 Aecounting pollcles ChaTIty informallon Monbrit Club Is an unincoTporated charitable Irusl. 1. 1 A¢Gountlng convention The financial slalem8nls have been prepared In accordance with the IrusV8 conslitulion, the Charllies Act 2011 and 'Accounting and Reportlng by Ch8ritie8.' Statement of Recommended Pracllce appllcable to charities preparing their accounls In accordance wth the Finan¢lal Retx)rlng standard applicable in the UK and RepubliG of Ireland (FRS 102) leffeclive 1 January 20191. The Irust is a Public Benellt Entity as d&fined by FRS 102. The trust has taken advantage of Ihe provlslons In Ihe SORP for charilies apPIng FRS 102 Update Bullelln 1 not to prepare 8 Stalemenl of Cash Flows. The financial $18tements have dep8rted from the Charities (Accounls and Reporls> Regulations 2008 only lo the exlenl requlred lo provide a Iwe and fair view. Thls departure has involved followin9 the Statement of Recommended Practice for charIt8 8pplying FRS 102 rather than thè version of the Statement of Recommended Practice which is refefred to In the Regulations bul which has &n¢e been withdrawn. The flnancial st8lemenls are prepared in sterling, which is the functional cUrncY of the Irusl. Monetary amounts in the88 financial Statements are rounded lo the nearest £. The flnanclal statements have be6n prepared under th@ historlcal cost convention, modrfied to include lh& revalualK)n of freehold properlies and lo include investment propereS and certain financial inslruments al fair value. The prlncipal accounting policies adopted ar8 sel out below. 1.2 Golng concern At the time of approvlng the financial statements, the trustees h8ve a reasonable expectatlon Ihal the trust has adequate resources lo contlnue in operational 8xi$lence for the foregeeable future. Thus the Iruslees ¢onlinue lo adopt the going concern basis of accountin9 in preparing the financl81 1.3 Charltable funds Unrestricted funds are avallable for use al Ihe discrellon of the Iruslees In furtherance of their charitabl8 objectNes. Restricted funds are subject lo specific condillons by donors as to how they may be used. The purposes and uses of the Teslricled funds are Sel oul in the notes lo the flnancial stalemenls. 1.4 Incomlng r8sour¢os Income is recognised when the trust is legally enlilled to il after any performance conditions have been met, the amounts ¢8n be measured reliably, and11 Is probabl& Ih8t Income wlll be re¢elved. Page 6
MONBRIT CLLIB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 Cash donallons are recognlsed on receipt. Other donations ère recognised On the trust has bebn nollfled of the donallon, unless performance Gondlllons requlr8 deferral of the amount. Income lax recoverable in relation to donations recelved under Gift Aid or doeds of coven8nt Ss recognlsed at the tlme of the donatlon. Legacles are recognl$8d on receipt or olheNi8e If the trust has been notifi8d of an impending dIStbUtion, Ihe 8mounl Is known, and rec&ipl Is expecled. If the amount is nol known, the legacy is treated 8s a conlingenl ass61. 1.5 Resour¢e$ expended Expenditur& is charged In the accounts at the tlme when 8 IlabllNy to mak& payment k8 Incurred 1.6 Tanglble flxed assets Tangible flxed assets are initially measured at cost and subsequenlly measured at cost or valualbn, nel of depreciation and any impairment Ios8es. Depreciation Is recognlsed so as to write off the cost or valuallon of assets less Ihelr resldual values over their uselul lives on the followlng bases.. Flxtur&s, fillings & equipment 10% p.a. on The gain or Ios5 arising on the diswsal of an ass81 is determined as the difference between the sale procoeds and the cary'ng value of Ihe asset, and is recognised in net incDmel{expendlture) for 1.7 Impairn?ent of lixed assets At ea¢h reporting end date. the twsl reviews the Carrying amounls of ils tsngible assets lo deteIne whether there is any indication thal those assets have SLrffered an impairment kjss. If any such indlcalion exlsls. the recoverable amount of the 8sset is 8slim8led In order to delermln& the extent of the impaimienl loss lif any}. 1,8 Cash and cash equlvalents Cash and ttash equfvalenls indude cash In hand, deposits held al call with b8nks, other Short-term liquid investments with oruinal malurilies of Ihree months or less, and bank overdrafts. Bank ov8rdrafts are shown within borrowings in currenl Ilabilities. 1.9 Flnanclal Instruments The trust has elected to apply the provlslons of Secllon 11 'Ba8lc Flnanclal Instruments, and see1)n 12 '01h&r Financial Instruments Issues. of FRS 102 to a15 of its financlal Inslrumenls. Financial inslrum8nls are recognised in th8 Irusl's balance sheet when the Irusl becomes p8rty to lh8 contractual provisions of the InstNJmenl. Financial assets and liabilities are offset, th Ihe nel amounts presented in the financial stalemenls, when Ihere is a legally enforceable right to sel off the recognised amounts and there is an inlontion to sellle on a nel basls or lo realise the assel and settle the liabillty slmultaneously. Page 7
MONBRIT CLUB NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED OSAPRIL 2025 88slc Ilnoncl81 assets Basic financlal assets. which include debtors and cash and bank balances, are initlally measured al transaction price including transa¢lion costs and are subsequently carried al amortised cost using the effecllve Interest method Ltnless the arrangement constllules a Ilnancing transaction, ere the transaction is measured at the present value of the future receipts discounted al a market rale of Snleresl. Flnanclal assets classified as receivable within one year are not amortised. Bas1¢ flnanclal Ilabllltles Bgslc flnanclal Ilabllilles. includlng credllors end bank loans are inltlally recognlsed at Iransactlon pri¢e unless the arrang&ment ¢on5ti1utes a financing transaction, where the debt instrument is me88ured al the present value of the future payments dlscounled al a market rate of interest. Financial liabililies clagsrfled as payable within one year ar8 not amortised. Debt instruments are subsequently carried al amorllseé cost, uslng the effectlv8 interest rale Trade creditors are obligations lo pay for goods or servlces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilili8s rf payment Is due wllhln one year or lesg. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised lnilial al Iransactlon prlce and subsequently measured al amortised cost using the Dere¢ognition of flnancial liabilitles Flnancial Ilabililies are derecognised when the trust's contractual obli9ations expire or are dlscharged or cancelled. 1.11 R•tlrwh•ntb•n•lits Payments lo d8flned contributlon retirement benefit schemes are charged as an expense as they Crltlcal accountlng tIMat•S and lydg¢m•nl$ eslimales and assLtmplions about the carrying amount of assets and liabilities that are not ie8dily 8pparent from other sources. The estimates 8nd associated assumptions are based on hislorieal experience and other factor5 that are considered to be relevant. Actual results may differ from these estimat88. The estimalas and underlwng assumptlons are revlewed on an ongoing basis. Revisions lo accounting eslimales are recognSsed In the perlod In whlch the estimate Is revised where the revision effects only that period. or in the peric*d of th& revision and future period5 wh8re the revision ffects both current and future periods. Page 8
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