REGISTERED CHARITY NUMBER: 279843
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
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 2022
| 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 |
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IndepeThdet Exm5ner's Report to the Truatees of HINDU PRAGATI SANGHA Independent exAminer's report to tbe trn8tee5 of HINDU PRAGATI SANGHA I report to the charity trus¢¢e$ on my examination of the a¢¢ounts of HINDU PRAGATI SANGHA (the Trust} for th¢ year ended 31 December 2022. Respon5ibilitie$ and 51¥ of report As the charity trustees of the Tn]st you r¢spon5ible for the preparation of the ounts in accordance with th¢ requirements of the Charities Act 2011 (Ihe Act). I rep)rt in respect of my examination of the Ttvse5 accounts carried out wider Seaion 145 of the Act and in Garrying out my examination I have followed all app1]bI¢ Directions given by the Charity CoTh]mission uThder StiOn 14515)Ib) ofthe A¢t. Independent exmRner's Staterneiit I have ¢ompleted my examination. I confinn that no material matters have come lo my attention in conneetjoii with the examination 8iVitkg m¢ cau5C to believe that in any material respect.. accounting records were not kept in respect of the Trust &$ required by Section 130 of the Act; or the accounts do not accord with those records. or the accounis dg not comply with the 4>pIicAble requirements concerning the fortn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any r¢quiTement tha¢ the accoujts give a true and fair view which ts not a Tnaiter considered os part of an independent examination. I have no conc¢ms and have come ocross no other matter5 in Connection with the examination to which attention should be drawn in thi5 rep)rt in order to enable a proper und¢rstanding of the accounts to be reachcd. KALA ATKINSON Chartered Certifjed Aceountat)ts & Statlltory Auditors 43 Upton Lane London E7 9PA 16 October 2023 Page 2
HINDU PRAGATI SANGHA
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 37,605 Investment income 2 1 Total 37,606 EXPENDITURE ON Raising funds 21,363 NET INCOME 16,243 RECONCILIATION OF FUNDS Total funds brought forward 600,344 TOTAL FUNDS CARRIED FORWARD 616,587 |
Restricted fund £ - - - - - 32,231 32,231 |
31.12.22 31.12.21 Total Total funds funds £ £ 37,605 40,745 1 1 37,606 40,746 21,363 19,849 16,243 20,897 632,575 611,678 648,818 632,575 |
|---|---|---|
The notes form part of these financial statements
Page 3
Balance Sheet 31 December 20?? LlnrLlStricted fund Re%trictL t-und Tiiial fiinds Tc)t,21 t"uiiils FLIED.4SSETS Tan£ible assets 6£7.098 3?.2jl CI"RRENT ASSETS Cash at bank and in hand 26.30) CREDITORS Amounts falling due within one vear (4,0?0) (4.020) (: :ss) ET CI;RRENT ASSETS 22,?83 TOT,IL tlSSETS LESS CLTRRENT LIABILITIES 679,381 32,231 711,612 699,772 CREDITORS Amounts falling due after more than one year (62,794) (62.794) (67,197) NET tlSSETS 616 587 3?.231 648.818 632.575 FIlDs Unrestricted funds Restricted funds 616,587 32 231 600,344 32,231 TOTAL FUNDS 648.818 6J2,575 The financial statements were approved by the Board of Trustees and authorised for issue on 16 October 2023 and Ivere signed on its behalf by: Dhirendra Kumar Datta Trustee The notes fom] part of these financial statements Page 4
HINDU PRAGATI SANGHA
Notes to the Financial Statements for the Year Ended 31 December 2022
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 | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Deposit account interest | 1 | 1 |
Page 5
continued...
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
| 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,745 Investment income 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 5. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 January 2022 and 31 December 2022 635,336 NET BOOK VALUE At 31 December 2022 635,336 At 31 December 2021 635,336 |
Restricted fund £ - - - - - 32,231 32,231 Fixtures and fittings £ 53,993 53,993 53,993 |
Total funds £ 40,745 1 40,746 19,849 20,897 611,678 632,575 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 2022
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| £ | £ | |||||
| Bank loans and overdrafts (see note 8) | 3,300 | 1,925 | ||||
| Other creditors | 720 | 360 | ||||
| 4,020 | 2,285 | |||||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| 31.12.22 | 31.12.21 | |||||
| £ | £ | |||||
| Bank loans (see note 8) | 62,794 | 67,197 | ||||
| 8. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| 31.12.22 | 31.12.21 | |||||
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank loans | 3,300 | 1,925 | ||||
| Amounts falling due in more than five years: | ||||||
| Repayable by instalments: | ||||||
| Bank loans more 5 yr by instal | 62,794 | 67,197 | ||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.1.22 | in funds |
31.12.22 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 600,344 | 16,243 | 616,587 | |||
| Restricted funds | ||||||
| Restricted fund | 32,231 | - | 32,231 | |||
| TOTAL FUNDS | 632,575 | 16,243 | 648,818 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources |
Movement | ||||
| resources | expended |
in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 37,606 | (21,363) | 16,243 | |||
| TOTAL FUNDS | 37,606 | (21,363) | 16,243 |
continued...
Page 7
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.1.21 £ 579,447 32,231 611,678 |
Net movement in funds £ 20,897 - 20,897 |
At 31.12.21 £ 600,344 32,231 632,575 |
|---|---|---|---|
Comparative 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 |
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 1.1.21 £ 579,447 32,231 611,678 |
Net movement in funds £ 37,140 - 37,140 |
At 31.12.22 £ 616,587 32,231 648,818 |
|---|---|---|---|
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 | 78,352 | (41,212) | 37,140 |
| TOTAL FUNDS | 78,352 | (41,212) | 37,140 |
continued...
Page 8
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 9
HINDU PRAGATI SANGHA
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donation for Community | 37,605 | 40,745 |
| Investment income | ||
| Deposit account interest | 1 | 1 |
| Total incoming resources | 37,606 | 40,746 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 1,563 | 1,449 |
| Light and heat | 3,030 | 1,085 |
| Telephone | 489 | 349 |
| Sundries | 2,530 | 1,163 |
| Water bill | 182 | 673 |
| Puja Shamogri | 1,673 | 1,780 |
| Proshad | 864 | 1,209 |
| Priest fees | 3,298 | 1,074 |
| Trade Refuse and Cleaning | 840 | 1,554 |
| Repair & Renewals | 2,131 | 3,172 |
| Accountancy | 360 | 360 |
| Mortgage Interest | 4,403 | 5,981 |
| 21,363 | 19,849 | |
| Total resources expended | 21,363 | 19,849 |
| Net income | 16,243 | 20,897 |
This page does not form part of the statutory financial statements
Page 10