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COMPANY REGISTRATION NUMBER: 12106870
CHARITY REGISTRATION NUMBER: 12106870
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Unaudited Financial Statements Accounts
31 July 2023
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Financial Statements Accounts
Year ended 31 July 2023
Page
Director's annual report (incorporating the director's report)
1
Statement of financial activities (including income and expenditure account)
3
Statement of financial position
4
Statement of cash flows
5
Notes to the financial statements accounts
6
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Director's Annual Report (Incorporating the Director's Report)
Year ended 31 July 2023
The director, who is also the director for the purposes of company law, presents her report and the unaudited financial statements accounts of the company charity for the year ended 31 July 2023 .
Chair's report
Trustees' Annual Report for Hindi Shiksha Parishad UK (HSPUK)
1. Introduction:
Hindi Shiksha Parishad UK was founded with the noble aim of preserving and promoting languages spoken in India and Indian culture in the UK, Hindi Shiksha Parishad UK (HSPUK) has always been a bridge between two great nations. Our relentless commitment extends beyond linguistic teaching; we endeavour to immerse the younger generation in India's cultural splendour, festivities, and traditions. Additionally, we emphasise holistic growth, empowering them through active participation in events, enhancing their personality and soft skills.
2. Activities and Achievements:
Language Classes:
Over the past year, we have conducted weekly Hindi and other language classes for over 100 students, ranging from age 5 to 15.
Festivals Celebration:
HSPUK successfully organised events commemorating major Indian festivals. These included Diwali, Holi, and Navratri, where both children and parents enthusiastically participated, showcasing the vibrant Indian culture. These events not only showcased the vivid tapestry of Indian culture but also served as a platform for children to hone their soft skills, team spirit, and cultural understanding.
3. Financial Overview:
The income sources in HSPUK account include donations. A significant portion of our expenses is directed towards event organisation and educational materials.
Our financial standing is primarily supported through generous donations from individuals that resonate with our mission. A major allocation of our funds is judiciously utilised for curating events and procuring quality educational materials that align with our objectives and ensure the best learning experience for our students.
Reference and administrative details
Registered charity name
HINDI SHIKSHA PARISHAD UK LIMITED
Charity registration number
12106870
Company registration number
12106870
Principal office and registered
205 Ley Street
office
Ilford
IG1 4BL
The director
Parveen Rani
Accountants
Tax Direct Limited
Chartered Accountants
205 Ley Street
Ilford
Essex
IG1 4BL
Structure, governance and management
Combined facilities support activities
Objectives and activities
Combined facilities support activities
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the company charity.
Achievements and performance
Combined facilities support activities
Financial review
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The director's annual report and the strategic report were approved on 13 August 2023 and signed on behalf of the board of trustees by:
Rani
Director
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 July 2023
2023
2022
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
6,181
6,181
21
-------
-------
----
Total income
6,181
6,181
21
-------
-------
----
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
6
641
641
1,614
-------
-------
-------
Total expenditure
641
641
1,614
-------
-------
-------
-------
-------
-------
Net income/(expenditure) and net movement in funds
5,540
5,540
( 1,593)
-------
-------
-------
Reconciliation of funds
Total funds brought forward
( 1,593)
( 1,593)
-------
-------
-------
Total funds carried forward
3,947
3,947
( 1,593)
-------
-------
-------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
6,397
617
Creditors: amounts falling due within one year
9
240
-------
----
Net current assets
6,157
617
-------
----
Total assets less current liabilities
6,157
617
Creditors: amounts falling due after more than one year
10
2,210
2,210
-------
-------
Net assets
3,947
( 1,593)
-------
-------
Funds of the charity
Unrestricted funds
3,947
( 1,593)
-------
-------
Total charity funds
11
3,947
( 1,593)
-------
-------
For the year ending 31 July 2023 the company charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements accounts for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements accounts .
These financial statements accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements accounts were approved by the board of trustees and authorised for issue on 13 August 2023 , and are signed on behalf of the board by:
**Name 1** **Name 2**
**Position **Position
**Name 1** Ms Parveen Rani **Name 2**
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 July 2023
2023
2022
£
£
Cash flows from operating activities
Net income/(expenditure)
5,540
(1,593)
Adjustments for:
Accrued expenses
240
Changes in:
Trade and other creditors
2,210
-------
-------
Cash generated from operations
5,780
617
-------
----
Net cash from operating activities
5,780
617
-------
----
Net increase in cash and cash equivalents
5,780
617
Cash and cash equivalents at beginning of year
617
-------
----
Cash and cash equivalents at end of year
6,397
617
-------
----
HINDI SHIKSHA PARISHAD UK LIMITED
Company Limited by Guarantee
Notes to the Financial Statements Accounts
Year ended 31 July 2023
1. General information
The company charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 205 Ley Street, Ilford, IG1 4BL.
2. Statement of compliance
These financial statements accounts have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements accounts are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented .
Judgements and key sources of estimation uncertainty
No judgements and estimates made in preparing these accounts
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the director for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the company charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Company Limited By Guarantee
5. Donations and legacies
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Donations
Donations type 1
6,181
6,181
21
21
-------
-------
----
----
6. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Costs of raising donations and legacies - Donations
641
641
1,614
1,614
----
----
-------
-------
7. Particulars of employees staff costs and emoluments
The average head count of employees during the year was Nil (2022: Nil). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Number of staff - type 1
1
1
----
----
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
8. Trustee remuneration and expenses
No Trustee Remunerations
9. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
240
----
----
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Trade creditors
1,787
1,787
Other creditors
423
423
-------
-------
2,210
2,210
-------
-------
11. Analysis of charitable funds
Unrestricted funds
At 1 August 2022
Income
Expenditure
At 31 July 2023
£
£
£
£
General funds
(1,593)
(1,593)
Unrestricted fund 2 - desc in a/cs
6,181
(641)
5,540
-------
-------
----
-------
(1,593)
6,181
(641)
3,947
-------
-------
----
-------
At 1 August 2021
Income
Expenditure
At 31 July 2022
£
£
£
£
General funds
Unrestricted fund 2 - desc in a/cs
21
(1,614)
(1,593)
----
----
-------
-------
21
(1,614)
(1,593)
----
----
-------
-------
12. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Current Assets
6,397
6,397
Creditors less than 1 year
(240)
(240)
Creditors greater than 1 year
(2,210)
(2,210)
-------
-------
Net assets
3,947
3,947
-------
-------
Unrestricted Funds
Total Funds 2022
£
£
Current Assets
617
617
Creditors less than 1 year
Creditors greater than 1 year
(2,210)
(2,210)
-------
-------
Net assets
(1,593)
(1,593)
-------
-------
13. Analysis of changes in net debt
At 1 Aug 2022
Cash flows
At 31 Jul 2023
£
£
£
Cash at bank and in hand
617
5,780
6,397
----
-------
-------