GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Charity number 1207355 Financial statements Period of aecollnts Start date: 7th March 2024 End date: 15th January 2025 Doc ID.. b50fb390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA L K SOCIAL DEVEI LOPMENT ASSOCIA TION Contents of the Financial Statements For the Period from 7th March 2024 to 15th January 2025 Page Reference and Administrative Details of the Charity and it5 Trustees Trustees, Report 3105 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes ¢0 The Financial Statements 9t0 11 Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Reference and Administrative Details oft. the Charity and its Trustees For the Period from 7th March 2024 to 15th January 2025 Trustees M Bheem-solomon T Ntune S Hodge O Alexander N Boston C Carberry RA Sampson Charity Number: 1207355 Address: 5 Streamlin¢ M¢ws LONDON SE22 SSL Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA L K SOCIAL DEVELOPMENT ASSOCIA TION Tru5tee5' Report For the Period from 7th March 2024 to 15th January 2025 The Trustees present their annual report together with the financial slalements of Guyana UK Social Development Association for the period from 7th Mareh 2024 to 15th January 2025. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requireinents of the Charity's governing document and the provisions of the Charities Statement Recommended Practice (FRS102.} TRUSTEES The Trustees who served the Charity during the period ivere as follows: M Bheem-solomon T Ntune S Hodge O Alexander N Boston C Carberry RA Sampson OBJECTIVES ACTIVITIES ACHIEVEMENTS AND PERFORMANCE Thc Guyana UK Social Dcvclopmcnt Association (GUSDA) was sct up in 1995 as an intormal group ot promoters & DJS who wanted to 'give something back to the community. The group later became constituted as a N'oluntary organisation and now a Charitable Incorporated Organisation (cio) as of March 2024. The two key objectives of the Charity are.. l. the provision or assisting in the provision of opportunities for sport, recreation and Icisurc time aetivitics primarily, but not CXLIu5ivcly, for pcoplc of Guyanc5C heritage in the UK, in the interest of social welfare and with the object of improving the conditions of life for such persons. 2. the prevention or relief of poverty in Guyana by providing graiits to individuals in need andlor charities, or other organisalions working to preveiil or relieve poverty. In 2024 we held our two annual flagship events, the Guyana folk Festival in May and thc Guyana Family Sports & Fun Day in July. The Folk Festival was one of the most well attcndcd and dynamic event the organisation has hosted, featuring international and UK based Guyanese artists. We were fortunate to have great weather for the 'Fun Day, in July ,here patrons of all ages aiid physical abilities revelled in rraditional Guyanese and uiiiversal games, music and enjoycd a variety of culinary dishes. Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA L K SOCIAL DEVELOPMENT ASSOCIA TION Tru5tee5' Report continued For the Period from 7th Trlarch 2024 to 15th January 2025 The Charity's increasing social presence through successful fund-raising activities has enablcd us to makc donations lo educational projects ill Guyana and fund and facilitate thc shipping and distribution of houschold and sporting equipment to Guyana. The organisation's enhanced profile as a Charity has also attracted interest from public and private donors which is providing a strong financial base from which we are able to plan larger social impact projects in Guyana to be realised in 2025-26. An intangible but anecdotally clear iinpact of GUSDA'S a¢hievements in 2024-25 is the joy and sense of pride in Guyanese cultural heritage and of belonging to a vibrant community in the UK that the events bring. This fosters confidence in self identity, promotes inclusion and participation aiid cnhanccs social cohesion in an incrcasingly digital world of isolation and iiitolerance. The impact of GUSDA'S work in ILS first year as a registered Charity, as summarised above, is perhaps best ¢aptured and conveyed in the images featured on our new website www.gusda.uk illustrating how the organisation is indeed 'Building a stronger community,. STRUCTURE, GOVERNAIYCE AND MAiYAGEMENT The Charity operatcs undcr tlic rules of its Govcrniiig Document dated 7th March 2024. The Charity registered at the Charity Commission on 7th March 2024. Ncw Trustccs joining thc Board arc givcn appropriatc bricfing of thcir obligations undcr charity law and on thc contcnts of thc Govcrning Documcnt. They are also referred to guidance issued by the Charity Commission on the role of the Charity Trustee. The main risk to thc Charity is a failurc to ¥cncrate sufficicnt income from subsvriplions lo finaiice its operations. The Trustees are satisfied that the major risks have been initi¥atcd as far as possible but thc Board rccognises that it must keep these risks undcr constant review it the Charity is to continue to operate. In this connection, the controls in place include regular updates to Trustees on our financial position, the preparation of fornial agendas for Board ineetings which highlight areas of concern and fornial approval procedures for financial aiid slralegic decisions. Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA L K SOCIAL DEVELOPMENT ASSOCIA TION Tru5tee5' Report continued For the Period from 7th March 2024 to 15th January 2025 PERFORMANCE A continued improvement in the Charity's financial position enabled the funds to incrcase by £40,636 FINALYCIAL REVIEW As at 15th January 2025 the charity held unrestricted reserves of £40636. Approved by order of the members of the board of Trustees and signed on their behalf by.. M Bheem-solomon Chairperson 14th November 2025 Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION On accounts for the year ended th 15 January 2025 Charity no (if any) 1207355 Set out on pages 7t011 I report to the trustees on my examination ofthe accounts of the above charity I'the Trust") for the year ended 1510112025 As the charity's Irustees, you are responsible for the preparation of the accounts in accordance with the requirements of Ihe Charities Act 2011 ("the Act"). Responsibilities and basis of report I report in respecl of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){bl of the Act. Independent examinerfs statement I have cornpleted my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were nol kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that Ihe accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no 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 accounts to be reached. Signed: ernber 2025 Name: Douglas Cosberl Relevant professional qualificationls) or body (if any): FCCA, FFA Address: Canalitix Accountants. 7 Bell Yard, London. Greater London, WC2A 2JR IER Oct 2018 Doc ID.. b50fb390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Statement oft. Financial Activities For the Period from 7th March 2024 to 15th January 2025 UDrestrleted Restrl£ted Endowme]bt Total funds iDQDtDe 2025 2025 2025 2025 Notes IJCOMING RESOURCES FROM: Income lind endowments from: Donations and legacies Charitable activities Other trading activitlC5 TOTAL tNCOME 25000 25000 38002 3200 66202 38002 3200 66202 RESOURCES EXPENDED: Expenditure on: Raising funds Charitable Activities TOTAL EXPENDITURE 24666 900 25566 24666 900 25566 NET tNCOMEI{EXPENDITURE) 40636 f+4ET MOI'EMEF4T IN FUNDS AND TOTAL FLNDS CARIUED FORWARD 40636 40636 Unl¢ss spceificd in thc notcs. all income and cxpcnditurc r¢latcs to unrcstrictcd funds The notcs form part of thc5c financial statcincnts Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Balance Sheet As at lsth Jalluary 2025 2025 Notes Current assets Cash at Bank and in hand Tot#l net assets 40636 40636 Funds of the Charity Unreslricled funds Total funds 40636 40636 Thc Charity was entitlcd to cxemption from audit undcr section 477 of thc Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Truqteeq acknowledge their responsibiliti¢s for complying with the requirements of the Companies Act with respect to the accounting records and preparation of financial statements. The finclaI statements have been prepared in accorddnce with the provisions applicablc to small companics subjccl to thc small companics rcgimc, and in accordance with FRS102 SORP. The financial statements were approved and authorised for i8.que by the Trustees and signed on their behalf by M Bheem-solomon Chair 14th November 2025 The llotcs form part of these fUnClU1 51atcmentS Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Tr4otes to The Financial Statetnents For the Period from 7th March 2024 to 15th January 2025 I. BASIS OF PREPAIiATION 1.1 Basis of accounting Thcsc accounts haNc bccn prepared under the historical cost convention with items recognised at cost or transaction value unless othenvise stated in the relevant notes to the accounts. The accounts have been prepared in accordance with.. The Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 Jiily 2014; and Thith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102},' and with the Charities Act 2011. 1.2 Going concer There are no material uncertainties relating to events or condition8 that cast signifi¢anl doubt on the charity's ability to continue as a going concern. 1.3 Changes to accounting estimates No changes to accounting estimate have occurred in the reporting period (3.46 FRS 102 SORP.) 2. ACCOUNTING POLICIES 2.1 Income 2.1.1 Recognition of income Thcsc arc includcd in thc Statcmcnt of Financial Activitics (SOFA) whcn= thc charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; and the Inonctary value can be measured with sufficient reliability. 2.1.2 Offsetting There has been no offqetting of asqets and liabilities, or income and expenqes, unless required or pemiilted by the FRS 102 SORP or FRS 102. 2.1.3 Grants and donations Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.1 O to 5.12 FRS 102 SORP.) In the case of perfomiance relaied graiits, income must only be recognised to the exienl that the charily has provided Ihe specified goods or serviues as eiiiiilement to thc grant only occurs when the perfomiance relalcd conditions are mct 5.16 FRS 102 SORP.) 2.1.4 Volunteer help The value of any volunteer hclp rcceivcd is not included in Ihc accounts but is described in the trustees annual report. 2.1.5 Income from membership subscriptions Meinbership subscriptions received in the nature of a gift are recognised in Donalioiis and Legacies. Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Tr4otes to The Financial Statements For the Period from 7th Marcb 2024 to 15th January 2025 Menibership subscriptions which give a meinber the right to buy services or other bcnefits are reLogniscd as income eamed from the provision of goods and services as income from charitable activities. 2.2 Expenditure #nd Liabilities 2.2.1 Liability recognition Liabilities are recognised when it is more likely than not that there is a legal or conslructive obligalion conimitting the charity to pay oiit resources and ihe amount of the obligation can be measured with reasonable certainty. 2.2.2 Governance and support costs Support costs havc bcen allocated bctwecn govctiiaiice costs and othcr support. GoeranCe costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Siipport coqls in¢lude cenlral functions and have been allocated lo activity ¢ost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their 2.2.3 Provisions for Liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required lo settle the obligation at the reporting date. 2.2.3 Basic financial instrutllents The charity accounts for basic tinancial instrurnents on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent mcasurcincnt Is as pcr paragraphs 11.17to 11.19,FRS102 SORP. 2.3 Assets 2.3.1 Debtors Debtors {inLluding tradc dcbtors and loans r¢ccivablc) arc mcasurcd on initial recognition at settletnent amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 10 Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8
GUYANA UK SOCIAL DEVELOPMENT ASSOCIATION Tr4otes to The Financial Statements For the Period from 7th Marcb 2024 to 15th January 2025 3. ANALYSIS OF INCOME UDre5tricted R¢stri£ted Total funds rllnds incomc lund5 funds 2025 2025 2025 2025 Donations and legacies Donalions and gifts Charitable aetivities 25000 25000 Folk Festival Income Family Funday Eveiit GUSDA 30th Anniversary 32765 5047 190 38002 32765 5047 190 38002 Other trading activities Sponsorship Promotion receipts 3000 200 3200 66202 3000 200 3200 66202 TOTAL INCOME 4. ANALYSIS OF EXPENDITURE Expenditure on raising funds Staging fundraising cvcnts Expenditure on charitable activities Donations 24666 24666 900 25566 900 25566 TOTAL EXPENDITURE Analysis by activity or programme ITramt 8upport Tthtal ruTrdinx of vsts expenditure directlv 2025 2025 2025 Folk Festival Family Funday Event GUSDA 30th Anniversary Donations 21234 3307 125 900 25566 21234 3307 900 5. CASH AT BANK AND IN HAND 2025 Short tern) cash investments Short tcnn deposit5 Cash at bank and in hand Total 40636 4V636 Doc ID.. b50ft)390e4fbc42822ab687bee19325e9fcaa4b8