**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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Page I

IndepeThde￿t Ex*m5ner'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 S￿tiOn 14515)Ib)
ofthe A¢t.
Independent ex*mRner'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<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>37,605<br>Investment income<br>2<br>1<br>**Total**<br>37,606<br>**EXPENDITURE ON**<br>Raising funds<br>21,363<br>**NET INCOME**<br>16,243<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>600,344<br>**TOTAL FUNDS CARRIED FORWARD**<br>616,587|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>32,231<br>32,231|31.12.22<br>31.12.21<br>Total<br>Total<br>funds<br>funds<br>£<br>£<br>37,605<br>40,745<br>1<br>1<br>37,606<br>40,746<br>21,363<br>19,849<br>16,243<br>20,897<br>632,575<br>611,678<br>648,818<br>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
FIl￿Ds
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.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>40,745<br>Investment income<br>1<br>**Total**<br>40,746<br>**EXPENDITURE ON**<br>Raising funds<br>19,849<br>**NET INCOME**<br>20,897<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>579,447<br>**TOTAL FUNDS CARRIED FORWARD**<br>600,344<br>**5.**<br>**TANGIBLE FIXED ASSETS**<br>Freehold<br>property<br>£<br>**COST**<br>At 1 January 2022 and 31 December 2022<br>635,336<br>**NET BOOK VALUE**<br>At 31 December 2022<br>635,336<br>At 31 December 2021<br>635,336|<br>Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>32,231<br>32,231<br>Fixtures<br>and<br>fittings<br>£<br>53,993<br>53,993<br>53,993|Total<br>funds<br>£<br>40,745<br>1<br>40,746<br>19,849<br>20,897<br>611,678<br>632,575<br>Totals<br>£<br>689,329<br>689,329<br>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|<br>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||<br>Resources||Movement|
|||resources||<br>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**<br>General fund<br>**Restricted funds**<br>Restricted fund<br>**TOTAL FUNDS**|At 1.1.21<br>£<br>579,447<br>32,231<br>611,678|Net<br>movement<br>in funds<br>£<br>20,897<br>-<br>20,897|At<br>31.12.21<br>£<br>600,344<br>32,231<br>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**<br>General fund<br>**Restricted funds**<br>Restricted fund<br>**TOTAL FUNDS**|At 1.1.21<br>£<br>579,447<br>32,231<br>611,678|Net<br>movement<br>in funds<br>£<br>37,140<br>-<br>37,140|At<br>31.12.22<br>£<br>616,587<br>32,231<br>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**<br>**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