REGISTERED CHARITY NUMBER: 279843
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
HINDU PRAGATI SANGHA
KALA ATKINSON Chartered Certified Accountants
& Statutory Auditors
43 Upton Lane London E7 9PA
HINDU PRAGATI SANGHA
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
HJIqDV PRAGATISANGH Report ofthe Trnstee8 for th* Year Ended 31 Deeember 2021 The trnstees present their ryrt with the 6nallct81 stat¢ellts of the ¢harity for the year cllded 31 Decellther2021. The trttte5 have adopted the provisEons of Accowitillg and Reportillg by CIwrAiies: Statettlellt of Recollullended PtIce applicable to ¢b8rities prepariDg their 2c£ouDts in attord8nce with the FiD8n¢y81 Reporting StsndaAI applicable ill the UK 8nd Republic of Irel8ltd IFRS 102) (efftctive l January 2019). Gov¢rJtiDg do¢uweDt The obarity 15 coDtrolled by its 8overniDS docuuhenL a d¢¢d of trust awl constithtes sn vnioc0ry0rat ¢barity. Regtstered Charlty 279843 Principal address 33 Rbondda Grove London E3 SAP Trustees Mr Anupam Das Choudh MrDhirendra Kwo3TDatta Mr Bidhu Bhu5hall GoswaTri Mr D118rn1i Kumar Nath Mr Tryado Hote Mr PraDtosh R8njan Roy Mr Brojeudra Lal Skntbrddlw Indepelldellt knminer KALA ATKENSON ChArttt Certified AecountAnts & Ststw Auditors 43 Uptoll IAtte London E7 9PA Approved by order of the TrM)ard of on 13 October 2022 and s18tt¢d on hs beIlf by. DhArendraKumarDatta Page I
Independent Examiner's Report to the Trustee5 of HINDU PRACATI SANGHA Independent examiner's report to the trnstees of HINDU PRAGATI SANGHA I report to the eharity trustees on my examination of the accourtts tsf HNDU PRAGATI SANGHA (the Trust) for the year ended 31 December 2021. R¢sp(pnsibilities #Nd ba5rs of report As the charity trustees of the Twst you are responsible for the preparatton of the accounts in accordance with the r¢quirem¢nts of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Twst's accounts Carried out under Section 145 of the Act and in Carrytng oui my examination I have followed all appli¢able Directions given by the Charity Commission under section 14515llb) of the Act. Independent examiner's statement I have completed my examination. I confirtn that nts Thaterial matters have come to my attention itt connection with the examination giving me cause to believe that in any matertal respect.. accounting records ivere not kept in respect of the Tnt as required by section 130 tsf the Act: gr the accounts do not accord with ¢hose re¢ords- or the accounts do not ¢omply with the applicable requirements concerning th¢ fom) and content of a¢¢ounis set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiretnent that the accounts give a true and fair view which is not a matter ¢onsidered as part of an independent examination. I have no ¢on¢ems and have come acmss no other m?Iter5 in connectton with the ¢xamination to which attention should be drawn in this rert in order to enable a proper understanding of th¢ to be reached. FCC A ATKtNSON charted Certified Accountants & Statutory Auditor5 43 Upton Lane London E7 9PA Date: 13 October 2022 Page 2
HINDU PRAGATI SANGHA
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,745 Investment income 2 1 Total 40,746 EXPENDITURE ON Raising funds 19,849 NET INCOME 20,897 RECONCILIATION OF FUNDS Total funds brought forward 579,447 TOTAL FUNDS CARRIED FORWARD 600,344 |
Restricted fund £ - - - - - 32,231 32,231 |
31.12.21 31.12.20 Total Total funds funds £ £ 40,745 18,029 1 9 40,746 18,038 19,849 12,998 20,897 5,040 611,678 606,638 632,575 611,678 |
|---|---|---|
The notes form part of these financial statements
Page 3
lBOINDU JPRAGA TI SANGElA
Balance Sheet 31 Decembel1' 2021
| Notes FD ASSET§ Tangble assets 5 CUENT ASSETS Cash at ba and in had CREDITORS Amounts falling due witin one year 6 NET CUNJ ASSETS TOTAL ASSETS JE§S CURRENT LIABILITIES CREDITORS Aolnts falling due afer more than one year 7 NET ASSETS FS 9 Unresticted fnds Resticted fnds TOTAL FS |
31.12.21 31.12.20 Unresticted Restcted Total Total fnd fnd fnds fnds £ £ £ £ 657,098 32,231 689,329 689,329 12,728 12,728 15,252 (2,285) (2,285) (3,736) 10,443 10,443 11,516 667,541 32,231 699,772 700,845 (67,197) (67,197) (89,167) 600,344 32,231 632,575 611,678 600,344 579,447 32.31 32,231 632,575 611,678 |
|---|---|
The fi cial statements were approved by the Board of Trustees and authorised for issue on 13 October 2022 and were signed on its behalf by:
� Cu-.f.kt Uu,ma;J,�c;.- Dhirendra Kumar Datta Trustee
Page 4
HINDU PRAGATI SANGHA
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings and Equipments : 0% Land and Buildings : 0%
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Deposit account interest | 1 | 9 |
Page 5
continued...
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS COST At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Unrestricted fund £ 18,029 9 18,038 12,998 5,040 574,407 579,447 Freehold property £ 635,336 635,336 635,336 |
Restricted fund £ - - - - - 32,231 32,231 Fixtures and fittings £ 53,993 53,993 53,993 |
Total funds £ 18,029 9 18,038 12,998 5,040 606,638 611,678 Totals £ 689,329 689,329 689,329 |
|---|---|---|---|
Page 6
continued...
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Bank loans and overdrafts (see note 8) | 1,925 | 3,376 | ||||
| Other creditors | 360 | 360 | ||||
| 2,285 | 3,736 | |||||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Bank loans (see note 8) | 67,197 | 89,167 | ||||
| 8. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| 31.12.21 | 31.12.20 | |||||
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank loans | 1,925 | 3,376 | ||||
| Amounts falling due in more than five years: | ||||||
| Repayable by instalments: | ||||||
| Bank loans more 5 yr by instal | 67,197 | 89,167 | ||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.1.21 | in funds |
31.12.21 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 579,447 | 20,897 | 600,344 | |||
| Restricted funds | ||||||
| Restricted fund | 32,231 | - | 32,231 | |||
| TOTAL FUNDS | 611,678 | 20,897 | 632,575 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources |
Movement | ||||
| resources | expended |
in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 40,746 | (19,849) | 20,897 | |||
| TOTAL FUNDS | 40,746 | (19,849) | 20,897 |
continued...
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HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.1.20 £ 574,407 32,231 606,638 |
Net movement in funds £ 5,040 - 5,040 |
At 31.12.20 £ 579,447 32,231 611,678 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,038 | (12,998) | 5,040 |
| TOTAL FUNDS | 18,038 | (12,998) | 5,040 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.1.20 £ 574,407 32,231 606,638 |
Net movement in funds £ 25,937 - 25,937 |
At 31.12.21 £ 600,344 32,231 632,575 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 58,784 | (32,847) | 25,937 |
| TOTAL FUNDS | 58,784 | (32,847) | 25,937 |
continued...
Page 8
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 9
HINDU PRAGATI SANGHA
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Mortgage Fund | - | 6,390 |
| Donation for Community | 40,745 | 11,639 |
| 40,745 | 18,029 | |
| Investment income | ||
| Deposit account interest | 1 | 9 |
| Total incoming resources | 40,746 | 18,038 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 1,449 | 1,395 |
| Light and heat | 1,085 | 1,311 |
| Telephone | 349 | 432 |
| Sundries | 1,163 | 356 |
| Water bill | 673 | - |
| Puja Shamogri | 1,780 | 879 |
| Proshad | 1,209 | 602 |
| Priest fees | 1,074 | 672 |
| Trade Refuse and Cleaning | 1,554 | 267 |
| Repair & Renewals | 3,172 | 611 |
| Accountancy | 360 | 360 |
| Mortgage Interest | 5,981 | 6,113 |
| 19,849 | 12,998 | |
| Total resources expended | 19,849 | 12,998 |
| Net income | 20,897 | 5,040 |
This page does not form part of the statutory financial statements
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