SHREE PRAJAPATI ASSOCIATION BRADFORD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Registration No. 1000367
SHREE PRAJAPATI ASSOCIATION BRADFORD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Shantilal V Mistry, Chairman Natwarbhai J Lad Bhagvandas F Tailor Narendra V Mistry Ganpat N Mistry Officers of the Committee Mr Narendra V Mistry Mr Bhagvandas F Tailor President Vice President Position vacant Mr Shashikant G Mistry Mr Mayur A Mistry Mr Sanjay N Mistry General Secretary Assistant Secretary Assistant Secretary Assistant Secretary Mr Shashikant V Mistry Mr Gautambhai V Mistry Mr Natubhai J Lad Mrshantilal M Mistry Treasurer Assistant Treasurer Assistant Treasurer Assistant Treasurer Mr Ganpatbhai N Mistry Mr Alpesh A.Mistry Mr Ishwarbhai H Mistry Mr Thakorbhai R Mistry Mandir Secretary Mandir Assistant Mandir Assistant Mandir Assistant Mrs Padmaben G Mistry Mrs Ramilaben F Tailor Mrs Nita J Mistry Mahila Secretary Mahila Social Co-ordinator Mahila Socia5 Assistants Miss Deena D Mistry Youth & Sports Secretary Charity number 1000367 Principal address Thornton Lane Bradford BD5 9DN Independent examiner Vanita Chhiba 6 Greenwood Fold Bradford BD4 6EZ Bankers HSBC Bank plc PO Box 45 47 Market Street Bradford BDI ILW
SHREE PRAIAPATI ASSOCIATION BRADFORD CONTENTS Page Trustees, Report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 6-13
SHREE PRAJAPATI ASSOCIATION BRADFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements forthe year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's constitution. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {as amended far accounting periods commencing from l January 20191. Objectives and activities The charity Wa5 established to enhance the Prajapati community of 8radford and surrounding district5 by providing communal facilities and promotin8 projects of a social, religious and an educational nature. This is delivered through numerous religious and Social activities throu8hout the year. The trustees have paid due regard to guidance issued bythe Charity Commission in decidingwhat activitie5 the charity should undertake. Achievements and performance Religious artivities During the past year, the Temple and Communlty centre has opened in the morning to enable people to Vislt the temple for religious services and ceremonies. The main religious events celebrated during the year Included: Ramnavmi Hanuman Jayanti Shravan Mass Janrnastml Dhaja Ropan Navratri, 15 days of Matajis Garba Jalaram Jayanti Vishvakarma Jayanti Shivratri Holi Jaya Parvati Vrat Ganesh Chatruti Samu Katha Social The following social events were organised during the past year to cater for members and the Gujarati Community: Anand Bazaar organi5ed by the Mahila committee, funds were raised in aid of the Defibrillator Projett New Years Day Keep Fit Classes held every Monday and Wednesday Table tennis on Tuesday evenings Singing Practicè classes held on Tuesday
SHREE PRAJAPATI ASSOCIATION BRADFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Maintenance Extensive maintenance works were undertaken during the year to repair the temple building roof (costing £6,470) and improve lighting energy efficiency Ic05ting £842). These were funded through general reserves and a £1,000 donation specifically for the electrical works. Defibrillator Project During the year, the charity SUPPOrted VeloSPA la non-profit organisation} in undertaking a 100 kilometre bicycle ride around Yorkshire to raise funds for the installation of fixed and portable defibrillators at the temple and Anand Milan Elderly Centre (hosted twice a week at St Wilfrid's Church Community Centre for the elderly Indian Gujarati ommunityl. Atotal of £8,432 was raised. This included £693 raised by the Mahila Committee's Anand Bazaar and £500 each from Lloyds Bank and HSBC in corporate spon50r5hip. The defibrillators will benefit not only the Prajapati community served by the charity but also the wider communities Surrounding the Temple and St Wilfrid's Church. The funds will be used for the purchase of the devices and installation outside the temple building. The diocese will fund the installation at the church. Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regard5ng fundralsing activlties. The legislation defines fundraising as '501ititing or otherwise procuring money or other property for charitable purposes,. The charity doe5 not actively raise fund5 from the public either directly or via use of an agent, accordingly no such amounts are presented In the financial statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarilv bound to be regulated by the Fundraising Regulator. Flnanclal revlew The income of the charity fortheyearwas £89,318 {2024'. £72,724) and expenditure£43.380{2024: £42,433}, resulted In a surplus of £45,938 {2024: Surplus £30,291). At 31 March 2025, total reserves stood at £805,938 12024: £759,900) of which £569,521 12024- £568,616) were designated for specific purposes. It is the policy of the charity that any unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six months, expenditure, currently £21,690. This level of reserves ha5 been met throughout the year. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. structure. governance and management The charity is registered with the Charity Commission (No. 10003671 and is governed by its constitution initially approved in 1975 and updated May 2017 and May 2018. The trustees who served during the year and up to the date of signature of the financial statements were: Shantilal V Mistry. Chairman
SHREE PRAJAPATI ASSOCIATION BRADFORD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Natwarbhai J Lad Bhagvandas F Taylor Narendra V Mistry Ganpatbhai N Mistry Trustees are appointed at the Annual General Meeting, potential Trustees are selected by existinB Trustees for the skills and experience they can bring to the Charity. New Trustees are trained via mentoring from existing Trustees. The charity is organised as an independent association of community members with an Executive Committee selerted from the members atthe Annual General Meeting. 5hree Prajapati A55ociation Bradford is a branch of Shree Prajapati A550ciation (UKI. which consists of 14 branches across the UK. The trustees, report was approved by the Board of Trustees. 5hantilal V Mistry Chairman Trustee Dated:
SHREE PRAJAPATI ASSOCIATION BRADFORD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE PRAJAPATI ASSOCIATION BRADFORD I report to the trustees on my examination of the financial statements of Shree Prajapati A550Ciation Bradford for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees, you are responsible for the preparation of the financial statements in accordance with the Charities Act 20111"the Act°}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ibl of the Act. Independent examIneS statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their account5 in accordance with the Financial Reporting Stanclard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounting and Reporting by Chariiies- Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act; or the financial statements did not accord with the accounting records; or the financial statements did not comply with the applicable requirements concerning the form and content of accounts set out In the Charltles {Accounts and Reports) Re8ulations 2008 other than any requirement that the accounts give a 'true and fairf 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 thls reportto enable a proper understanding of the accounts to be reached. Vanita Chhiba 6 Greenwood Fold Bradford BD46EZ Dated.. "*Joif
SHREE PRAIAPATI ASSOCIATION BRADFORD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total Unrestricted funds 2024 2025 Notes Income from: Donations and legacies Charitable activities Investments 53,756 32,260 3,302 53,756 32,260 3,302 57.942 12.528 2,254 Total Income 89.318 89,318 72,724 Expenditure on: Charitable activitles 43.380 43,380 42,433 Net Incomingl(outgoing) resources 45,938 45,938 30,291 Other recogni5ed gains and losses Revaluation of land and buildings Net movement in funds 45,938 45,938 30,291 Fund balances at l Aprll 2024 759,900 759,900 729,609 Fund balances at 31 March 2025 805,838 805,838 759,900 The statement of financial activities includes all gains and losses recognised In the year. All income and expenditure derive from continuing attivities.
SHREE PRAIAPATI ASSOCIATION BRADFORD BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets io 532,577 531,597 Current assets Debtors li 4,396 3,846 Cash at bank and in hand 268.865 224,457 273,261 228,303 Creditors: amounts falling due within one year 12 Net curnt Assets 273,261 228,303 Total assets less current liabilities 805,838 759,900 Income funds DeslEnated funds General unrestricted funds Revaluation reseEve 13 569,521 102.924 133,393 568,615 57,892 133,393 805,838 759,900 805,838 759,900 The financial statements were approved by the Trustees on 22 June 2025 Shantilal V Mistry, Chairman Trustee
SHREE PRAIAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Charlty information Shree Prajapati Association Bradford is a Charity registered in England. Charity No 1000367, and is governed by its constitution. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Report5} Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which 15 referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charlty. Monetary amount5 in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basi5 of accounting in preparing the financial statement5. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charltable objective5. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restrirted fund5 are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incomlng resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
SHREE PRAJAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) 1.4 Intoming resources (Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category. Charitable expenditure comprise5 those cost5 incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indlrect nature necessary to support them. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at tost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so a5 to write off the cost or valuation of assets less their residual values over their Useful lives on the following bases: Freehold Properties Murtis Fixtures, Fittings and Equipment 15% reducing balance Freehold properties are not depreciated as it is the Charity policy to maintain the property with regular repairs and refurbishment work. Accordingly, the trustees consider that because the residual value is not Si8nificantly different from carrying arnount, any depreciation charge would be immaterial. The trustees have revlewed the useful economic life of the murtis held at the Temple and consider it to be many years and therefore have not charged any depreciation on these assets. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturitie5 of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
SHREE PRAIAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Actounting policies (Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a leg311y enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultsneously. Basic financial asset5 Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as recelvable wlthln one year are not amortised. Financial assets are derecognised only when the contractual rights to the cash tlows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to Sell the asset in its entirety to an unrelated third party. Oerecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to 3nother entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that Is able to sell the asset in its entirety to an unrelated third party. Basic financlal liabi1Sties Basic financial liabilitie5, including creditor5 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate Method. Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade ereditors are recognised initially at transaction price and subsequently measured at amorti5ed cost usingthe effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
SHREE PRAJAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Critical accountin8 estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of a55ets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whlch the estimate is revlsed where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted funds 2025 Restricted funds 2025 Total Unrestricted funds 2024 2025 Donations and gifts Membership fees 65,570 150 65,570 150 57,817 125 65,720 65,720 57,942 Charitable artivitles Unrestrlcted funds 2025 Unrestricted funds 2024 Hall and kltchen hlre Special projects 9,684 10.432 4,883 7.645 20.116 12,528 Investments Unrestricted funds 2025 Unrestricted funds 2024 Interest receivable 3,302 2,254 3,302 2.254 io
SHREE PRAIAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charitable Activitles Unrestricted funds 2025 Unrestricted funds 2024 Religious and cultural events Donations 2.584 152 3.325 102 2,736 3,427 Share of support costs Isee note 7} Share of governance costs15ee note 71 43,380 42,433 43,380 42,433 Analysis by fund: Unrestricted fund 43,380 42,433 Support costs Support Governance costs costs 2025 Support Governance costs costs 2024 Utilities Repairs and renewals Catering & refreshments Building insurance Religious events Summer & religious trips Printing and stationery Security maintenance Telephone and postage Special projects Mahila and youth Temple expense5 General expenses Depreciation Navratri stall expenses Bank charges Subscriptions Donations 13,067 8,663 4,104 3,846 2,584 2,550 1,329 1,233 1,128 1,080 1075 13,067 8,663 4,104 3,846 2,584 2,550 1,329 1,233 1,128 1,080 1.075 743 9,955 2,180 3,896 2,846 3,325 2,550 1,496 1,556 858 8,022 2,007 1,786 877 9,955 2,180 3,896 2,846 3,325 2,550 1,496 1,556 858 8,022 2,007 1,786 877 743 499 499 417 417 244 340 340 219 219 283 283 160 160 211 211 152 152 102 102 Website Travelling expenses 4 Murray Street 98 98 93 93 147 147 92 92 43,380 43.380 42,433 42,433 li
SHREE PRAJAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the current or prior year. Employees There were no employees during the current or prior year. 10. Tangible fixed assets Freehold Properties Murtis Fixture. Flttings and Equipment Library books Total Cost or valuatlon At l April 2024 Additions Revaluation At 31 March 2025 520,¢)00 10,212 24,740 1,397 22 554,974 1,397 520,000 10,212 26,137 22 556,371 Depreciatlon and Impalrment At l April 2024 Charge for the year At 31 March 2025 23,355 417 22 23,377 417 23,794 22 Carrylng amount At 31 March 2024 520,000 10,212 1,385 531,597 At 31 March 2025 520,000 10,212 2,365 532.577 11. Debtors 2025 2024 Amounts falling due within one year- Prepayments and accrLsed income 4.396 3.846 12
SHREE PRAJAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Movement in ReseNes Balance at i April 2024 Incoming resources Resources expended Transfer Balance at 31 March 2025 Designated funds Fixed asset fund Mahila Mandal fund Life membership fund 531.596 11.603 25.416 {417) {1,9241 1,397 532.576 11,429 25,516 1,750 loo 568.615 1,850 12,3411 1,397 569,521 Revaluation reserve General funds 133.393 57,892 133,393 102.924 87,468 141,0391 11,397) 191,285 87,468 {41,0391 (1,397) 236,317 Total reserves 759,900 89,318 (43.380) 805,838 The fixed asset fund represents the funds of the Charity held as fixed asset5. Mahila Mandal fund represents funds raised by the ladles committee. The Life Membership fund represents the funds received for Ilfetlme membership. Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Deslgnated funds Fixed asset fund Mahila Mandal ftjnd Life membership fund 531,841 10,878 25.291 {244) 12,0071 531,596 11,603 25,416 2,733 125 568,010 2,858 {2,2511 568,615 Revaluation reserve General funds 133,393 28.206 133.393 57,892 69.866 140,1811 161,599 69,866 140.181) 191.285 Total reserves 729.609 72.724 (42,4331 759,900 13
SHREE PRAJAPATI ASSOCIATION BRADFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Analysls of net assets between funds Unrestricted funds Designated funds Total Unrestricted funds Designated funds Total Tangible assets Current assets / 532,576 532.576 531,597 531,597 236,317 36,945 273,262 191,284 37,019 228,303 236.317 569,521 so538 191,284 568.616 759,9(10 14 Related party transactlons There were no disclosable related party transactions during the year12024- none). 14