2025-04-30-accounts - Kashatri Sabha - Glasgow (Uk)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: SC003496

Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2025 for

Kashatri Sabha Glasgow (UK)

KPP Glasgow South Ltd Chartered Certified Accountants Unit 3.37 Rosyth Road Morris Park Glasgow GS OY!

Kashatri Sabha Glasgow (UK)

Contents of the Financial Statements for the Year Ended 30 April 2025

		Page
Report of the Trustees
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	tw	8
DetailedStatementofFinancialActivities		9

Kashatri Sabha Glasgow (UK)

Report of the [Trustee for the Year Ended 30 April 2025

lhe trustees present their report with the financial statements of the charity for the year e1 ded 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recomme ded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stan lard applicable in_ the UK and Republic of Ireland (FRS 102) (effective | January 2019)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

rhe charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C003496

KPP Glasgow South Lid Chartered Certified Accountants Unit 3.37 Rosyth Road Ma rris Ps rR Glasgow G5 OY

Approved by order of the board of trustees on 26 June 2025 and signedon its behalf by:

Pave

: : Independent Examiner'sF Report> to the Trustees Kashatri Sabha Glasgow (UK)

| report on the accounts for the year ended 30 April 2025 set out on pages threeto eight

Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 | mended) lhe charity's trustees consider that the audit requirement of Regulation LO(1)(a) to (¢) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) oF the Acta id lo state whether particular matters have come to my attentio'

Basis of the independent examiner's report My examination was carried out in accordance with Regulation [1 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit o inion on the view given by the accounts

Independent examiner's statement In connection with my examination, no matter has come to my alter tion

(1) which gives me reasonable cause to believe that. in any material respect. the requirements

to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 200¢ \ccounts Regulations: and
- lo prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 \ccounts Regulations

have not been met; oF

2) to whieh, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to ¢ reached

KPP Glasgow South Ltd Chartered Certified Accountants

Unit 3.37 Rosyth Road Morris Park

Glasgow Gs oy

26 June 2025

Page 2

Kashatri Sabha Glasgow (UK)
Statement of Financial Activities
for the YearEnded 30 April 2025
		30.4.25	30.4.24
		Unrestricted	‘Total
		fund	funds
	Notes	£	t
INCOME AND ENDOWMENTS FROM
Donations and legacies		3.530	2.304
Other trading activities Investment income	2 3	40.000 8.750	- 20.498
Total		52.280	22.802
EXPENDITURE ON
Raising funds	4	24,825	10,736
Other		3.168	1.560
Total		27,993	12,296
NET INCOME		24.287	10,506
RECONCILIATION OF FUNDS
Total funds brought forward		426.603	416.097
TOTALFUNDSCARRIEDFORWARD		450,890	426,603

The notes form part of these financial statements

Page 3

Kashatri Sabha	Glasgow
Balance Sheet
30 April 2025
			50.4.35	0.4.24
			Unrestricted	lotal
			fund	funds
		Notes	t	t
FIXED ASSETS
Tangible assets		7	255.166	753.166
CURRENT ASSETS
Cash at bank and in hand			196.844	172.521
CREDITORS
Amounts falling	due within one year	hy	(1.120)	(1.084)
NET CURRENT ASSETS			95.724	171.437
TOTAL ASSETS LESS CURRENT
LIABILITIES			150.890	426.603
NET ASSETS			150.890	196.603
FUNDS		9
Unrestricted funds			150,890	196.603
POTALFUNDS			450.890	$96.603

he financial statements were approved by the Board of Trustees and authorised for issue ot 26 June 2025 and were signed on its behalf by

he notes form part of these financial statements

Page 4

Kashatri Sabha Glasgow (UK)

Notes to theFinancial Statements for the Year Ended 30 April 2025

I 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 ol 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 | January 2019). Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. 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

Freehold Property Nil%

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. 2. OTHER TRADING ACTIVITIES

Renunciation premium

30.4.25 30.4.24 £ £ 40,000 -

continued...

Page 5

Kashatri Sabha Glasgow (UK)	Kashatri Sabha Glasgow (UK)	Kashatri Sabha Glasgow (UK)
Notes to		the Financial Statements -continued
for	the Year Ended 30 April 2025
3}	INVESTMENT INCOME
			30.4.25	30.4.24
			£	f
	Rents received		8.750	19.167
	Insurance refund		-	1.331
			8.750	20.498
4.	RAISING FUNDS
		Raising donations and legacies
			30.4.25	30.4.24
			f	£
		Support costs	24.825	10,736
5!		TRUSTEES' REMUNERATION AND BENEFITS
		here were no trustees’ remuneration or other benefits for the year ended 30 April 2025 nor for		the year ended
		30April2024.

Trustees’ expenses

	There were no trustees’ expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.	There were no trustees’ expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted
		fund
		£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	2.304
	Investment income	20.498
	Total	22,802
	EXPENDITURE ON
	Raising funds	10.736
	Other	1.560
	Total	12,296
	NET INCOME	10.506
	RECONCILIATION OF FUNDS
	Total funds brought forward	416.097
	TOTALFUNDSCARRIEDFORWARD	426.603

Page 6

continued...

Kashatri Sabha Glasgow (UK)	Kashatri Sabha Glasgow (UK)
Notes	to the Financial Statements - continued
for the	Year Ended 30 April 2025,
Ts	TANGIBLE FIXED ASSETS					Freehold
						property
						ft
	COST
	At	May 2024 and 30 April 2025
	NET BOOK VALUE
	At 30 April 2025					255,166
	At 30 April 2024					255,166
8.	CREDITORS: AMOUNTS FALLING DUE	WITHIN ONE	YEAR
				30.4.25		30.4.24
				£		£
	Other creditors			1.120		1,084
9.	MOVEMENT IN FUNDS
				Net
				movement		Al
			At 1.5.24	in funds		30.4.25
			£	£:		£
	Unrestricted funds
	General fund		426.603	24,287		450.890
	TOTAL FUNDS		426.603	24.287		450.890
	Net movement in funds, included in the above	are as follows:
			Incoming	Resources		Movement
			resources	expended		in funds
			ft	£		ft
	Unrestricted funds
	General fund		52.280	(27.993	)	24.287
	TOTAL FUNDS		52.280	(27,993	)	24,287
	Comparatives for movement in funds
				Net
				movement		\l
			At 1.5.23	in funds		30.4.24
			ft	f		f
	Unrestricted funds
	General fund		416.097	10.506		426.603
	TOTAL FUNDS		416.097	10.506		426.603
		Page7				continued...

continued...

KashatriSabha Glasgow (UK)

Notes to the Financial Statements- continued_ for the Year Ended 30 April 2025

MOVEMENT IN FUNDS- continued

Comparative net movement in funds. included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	t	2	£
Unrestricted funds
General fund	22.802	(12.296)	10.506
TOTALFUNDS	22,802	(12,296)	10.506

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 15:23	in funds	30.4.25
	f	t	f
Unrestricted funds
General fund	416,097	34,793	450,890
TOTALFUNDS	416.097	34.793	450.890

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
	£	f	t
Unrestricted funds
General fund	75.082	(40.289)	34.793
TOTALFUNDS	75,082	(40.289)	34,793

RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2025.

==> picture [2 x 10] intentionally omitted <==

----- Start of picture text -----
|
----- End of picture text -----

Page 8

Kashatri Sabha Glasgow (UR)
Detailed Statement ofFinancial Activities
for the Year Ended 30 April 2025	30.4.25	30.4.24
	£	i
INCOME AND ENDOWMENTS
Donations and legacies
Function income	3.050	2.304
Outings& trips income	480
	3.530	2.304
Other trading activities
Renunciation premium	40.000	-
Investment income
Rents received	8.750	19.167
Insurance refund	-	1331
	8.750	20.498
Total incoming resources	52.280	22,802
EXPENDITURE
Support costs
Other
Rates & water	3.654	-
Insurance	1.556	-
Light & heat	201	-
Room hire	58	76
Function expenses	9.041	7308
Donations	1.001	3352
Outings & trips costs	2.368	=
Sundries	126	-
Repairs& renewals	4.820	-
	24.825	10.736
Governance costs
Professional fees	2.750	1.200
Bank charges	22	-
Accountancy	396	360
	3.168	1.560
lotal resources expended	27,993	12,296
Netincome	24.287	10.506

This page does not form part of the statutory financial statements

Page 9