REGISTERED CHARITY NUMBER: 279843
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
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 2023
| 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 |
HINDU PRAGATI SANGHA
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
279843
Principal address
33 Rhondda Grove London E3 5AP
Trustees
A DASCHOUDHURY B B GOSWAMI B L SUTRADHAR D NATH P R ROY T HORE D DUTTA
Independent Examiner
KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane London E7 9PA
Approved by order of the board of trustees on 10 September 2024 and signed on its behalf by:
D DATTA - Trustee
Page 1
Independent Examiner's Report to the Trustees of HINDU PRAGATI SANGHA
Independent examiner's report to the trustees of HINDU PRAGATI SANGHA
I report to the charity trustees on my examination of the accounts of HINDU PRAGATI SANGHA (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true 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.
Salim Kala
KALA ATKINSON Chartered Certified Accountants & Statutory Auditors 43 Upton Lane London E7 9PA
10 September 2024
Page 2
HINDU PRAGATI SANGHA
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 35,591 Investment income 2 73 Total 35,664 EXPENDITURE ON Raising funds 32,195 NET INCOME 3,469 RECONCILIATION OF FUNDS Total funds brought forward 616,587 TOTAL FUNDS CARRIED FORWARD 620,056 |
Restricted fund £ - - - - - 32,231 32,231 |
31.12.23 31.12.22 Total Total funds funds £ £ 35,591 37,605 73 1 35,664 37,606 32,195 21,363 3,469 16,243 648,818 632,575 652,287 648,818 |
31.12.23 31.12.22 Total Total funds funds £ £ 35,591 37,605 73 1 35,664 37,606 32,195 21,363 3,469 16,243 648,818 632,575 652,287 648,818 |
|---|---|---|---|
| 37,606 | |||
| 21,363 | |||
| 16,243 632,575 |
|||
| 648,818 |
The notes form part of these financial statements
Page 3
HINDU PRAGATI SANGHA
Balance Sheet 31 December 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 663,614 19,791 (3,965) 15,826 679,440 (59,384) 620,056 |
Restricted fund £ 32,231 - - - 32,231 - 32,231 |
31.12.23 Total funds £ 695,845 19,791 (3,965) 15,826 711,671 (59,384) 652,287 620,056 32,231 652,287 |
31.12.22 Total funds £ 689,329 26,303 (4,020) 22,283 711,612 (62,794) 648,818 616,587 32,231 648,818 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 September 2024 and were signed on its behalf by:
D DATTA - Trustee
The notes form part of these financial statements
Page 4
HINDU PRAGATI SANGHA
Notes to the Financial Statements for the Year Ended 31 December 2023
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 | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Deposit account interest | 73 | 1 |
Page 5
continued...
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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 2023 Additions At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Unrestricted fund £ 37,605 1 37,606 21,363 16,243 600,344 616,587 Freehold property £ 635,336 - 635,336 635,336 635,336 |
Restricted fund £ - - - - - 32,231 32,231 Fixtures and fittings £ 53,993 6,516 60,509 60,509 53,993 |
Total funds £ 37,605 1 37,606 21,363 16,243 632,575 648,818 Totals £ 689,329 6,516 695,845 695,845 689,329 |
Total funds £ 37,605 1 |
|
|---|---|---|---|---|---|
| 37,606 | |||||
| 21,363 | |||||
| 16,243 632,575 |
|||||
| 648,818 | |||||
Page 6
continued...
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.12.23 | 31.12.22 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 8) | 3,245 | 3,300 | ||
| Other creditors | 720 | 720 | ||
| 3,965 | 4,020 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 31.12.23 | 31.12.22 | |||
| £ | £ | |||
| Bank loans (see note 8) | 59,384 | 62,794 | ||
| 8. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.12.23 | 31.12.22 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank loans | 3,245 | 3,300 | ||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 59,384 | 62,794 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.23 | in funds | 31.12.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 616,587 | 3,469 | 620,056 | |
| Restricted funds | ||||
| Restricted fund | 32,231 | - | 32,231 | |
| TOTAL FUNDS | 648,818 | 3,469 | 652,287 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,664 | (32,195) | 3,469 | |
| TOTAL FUNDS | 35,664 | (32,195) | 3,469 |
continued...
Page 7
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.22 £ Unrestricted funds General fund 600,344 Restricted funds Restricted fund 32,231 TOTAL FUNDS 632,575 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 37,606 TOTAL FUNDS 37,606 |
Net movement At in funds 31.12.22 £ £ 16,243 616,587 - 32,231 16,243 648,818 Resources Movement expended in funds £ £ (21,363) 16,243 (21,363) 16,243 |
At 31.12.22 £ 616,587 32,231 |
At 31.12.22 £ 616,587 32,231 |
|---|---|---|---|
| 648,818 | |||
| 16,243 |
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 1.1.22 £ 600,344 32,231 632,575 |
Net movement in funds £ 19,712 - 19,712 |
At 31.12.23 £ 620,056 32,231 |
|---|---|---|---|
| 652,287 |
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 | 73,270 | (53,558) | 19,712 |
| TOTAL FUNDS | 73,270 | (53,558) | 19,712 |
continued...
Page 8
HINDU PRAGATI SANGHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 9
HINDU PRAGATI SANGHA
Detailed Statement of Financial Activities for the Year Ended 31 December 2023
| Detailed Statement of Financial Activities for the Year Ended 31 December 2023 |
||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Mortgage Fund | 6,391 | - |
| Donation for Community | 29,200 | 37,605 |
| 35,591 | 37,605 | |
| Investment income | ||
| Deposit account interest | 73 | 1 |
| Total incoming resources | 35,664 | 37,606 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 1,690 | 1,563 |
| Light and heat | 6,488 | 3,030 |
| Telephone | 509 | 489 |
| Postage and stationery | 585 | - |
| Sundries | 2,128 | 2,530 |
| Water bill | 191 | 182 |
| Puja Shamogri | 2,434 | 2,917 |
| Proshad | 892 | 1,264 |
| Priest fees | 1,408 | 1,654 |
| Trade Refuse and Cleaning | 1,280 | 840 |
| Repair & Renewals | 8,508 | 2,131 |
| Accountancy | 360 | 360 |
| Mortgage Interest | 4,186 | 4,403 |
| Legal & Professional Fees | 1,536 | - |
| 32,195 | 21,363 | |
| Total resources expended | 32,195 | 21,363 |
| Net income | 3,469 | 16,243 |
This page does not form part of the statutory financial statements
Page 10