REGISTERED CHARITY NUMBER: 1011496
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2020
for
Shree Jalaram Seva Trust
Bassetts Business Solutions Limited T/A Bassetts Chartered Certified Accountants & Registered Auditors Second Floor 107 Power Road Chiswick London W4 5PY
Shree Jalaram Seva Trust
Contents of the Financial Statements For The Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Shree Jalaram Seva Trust
Report of the Trustees For The Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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
1011496
Principal address
497A Barrack Road Hounslow Middlesex TW4 6AF
Trustees
J Gokani H Kenth J Patel
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
Trustee
Page 1
Shree Jalaram Seva Trust
Statement of Financial Activities For The Year Ended 31 December 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds Charitable activities Religious Events Provision for Food Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 Unrestricted fund £ 64,464 6 64,470 36,409 (333) 5,343 43,826 85,245 (20,775) 1,004,954 984,179 |
2019 Total funds £ 128,755 |
|---|---|---|
| 13 | ||
| 128,768 | ||
| 21,054 | ||
| 5,615 | ||
| 11,643 | ||
| 54,944 | ||
| 93,256 | ||
| 35,512 | ||
| 969,442 | ||
| 1,004,954 | ||
The notes form part of these financial statements
Page 2
Shree Jalaram Seva Trust
Balance Sheet
31 December 2020
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2020 Unrestricted fund £ 773,728 3,000 33 264,262 267,295 (17,071) 250,224 1,023,952 (39,773) 984,179 984,179 984,179 |
2019 Total funds £ 775,909 3,000 33 290,228 |
|---|---|---|
| 293,261 | ||
| (14,342) 278,919 1,054,828 (49,874) |
||
| 1,004,954 | ||
| 1,004,954 1,004,954 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 3
Shree Jalaram Seva Trust
Notes to the Financial Statements For The Year Ended 31 December 2020
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.
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
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 6 | 13 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Page 4
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2020
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities Religious Events Provision for Food Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Freehold property £ 766,513 - 766,513 - - - 766,513 |
Unrestricted fund £ 128,755 13 128,768 21,054 5,615 11,643 54,944 93,256 35,512 969,442 1,004,954 Fixtures Plant and and machinery fittings £ £ 443 31,135 - - 443 31,135 111 22,753 83 2,095 194 24,848 249 6,287 332 8,382 |
Unrestricted fund £ 128,755 13 128,768 21,054 5,615 11,643 54,944 93,256 35,512 969,442 1,004,954 Fixtures Plant and and machinery fittings £ £ 443 31,135 - - 443 31,135 111 22,753 83 2,095 194 24,848 249 6,287 332 8,382 |
|---|---|---|---|
| 766,513 | 332 |
Page 5
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2020
| 5. TANGIBLE FIXED ASSETS - continued Motor Computer vehicles equipment £ £ COST At 1 January 2020 4,147 949 Additions - 224 At 31 December 2020 4,147 1,173 DEPRECIATION At 1 January 2020 3,732 682 Charge for year 104 123 At 31 December 2020 3,836 805 NET BOOK VALUE At 31 December 2020 311 368 At 31 December 2019 415 267 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Other debtors 3,000 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Bank loans and overdrafts (see note 9) 11,875 Trade creditors (1) Taxation and social security 1,364 Other creditors 3,833 17,071 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2020 £ Bank loans (see note 9) 39,773 9. LOANS An analysis of the maturity of loans is given below: 2020 £ Amounts falling due within one year on demand: Bank Loan 2 - 81709682 11,875 Amounts falling due between two and five years: Bank loans - 2-5 years 47,476 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal (7,703) |
Motor Computer vehicles equipment £ £ 4,147 949 - 224 4,147 1,173 3,732 682 104 123 3,836 805 311 368 |
Motor Computer vehicles equipment £ £ 4,147 949 - 224 4,147 1,173 3,732 682 104 123 3,836 805 311 368 |
Motor Computer vehicles equipment £ £ 4,147 949 - 224 4,147 1,173 3,732 682 104 123 3,836 805 311 368 |
Motor Computer vehicles equipment £ £ 4,147 949 - 224 4,147 1,173 3,732 682 104 123 3,836 805 311 368 |
Totals £ 803,187 224 803,411 27,278 2,405 29,683 773,728 |
Totals £ 803,187 224 803,411 27,278 2,405 29,683 773,728 |
Totals £ 803,187 224 803,411 27,278 2,405 29,683 773,728 |
|---|---|---|---|---|---|---|---|
| 415 | 267 | 775,909 | |||||
| 2020 £ 3,000 2020 £ 11,875 (1) 1,364 3,833 17,071 2020 £ 39,773 2020 £ 11,875 47,476 (7,703) |
|||||||
| 2019 £ |
|||||||
| 3,000 | |||||||
| 2019 £ |
|||||||
| 11,875 | |||||||
| - 2,081 386 14,342 |
|||||||
| 2019 £ |
|||||||
| 49,874 | |||||||
| 2019 £ |
|||||||
| 11,875 | |||||||
| 47,476 | |||||||
| 2,398 |
Page 6
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2020
10. MOVEMENT IN FUNDS
| At 1.1.20 £ Unrestricted funds General fund 1,004,954 TOTAL FUNDS 1,004,954 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 64,470 TOTAL FUNDS 64,470 Comparatives for movement in funds At 1.1.19 £ Unrestricted funds General fund 969,442 TOTAL FUNDS 969,442 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 128,768 TOTAL FUNDS 128,768 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.19 £ Unrestricted funds General fund 969,442 TOTAL FUNDS 969,442 |
Net movement in funds £ (20,775) (20,775) Resources expended £ (85,245) (85,245) Net movement in funds £ 35,512 35,512 Resources expended £ (93,256) (93,256) Net movement in funds £ 14,737 14,737 |
At 31.12.20 £ 984,179 984,179 Movement in funds £ (20,775) (20,775) At 31.12.19 £ 1,004,954 1,004,954 Movement in funds £ 35,512 35,512 At 31.12.20 £ 984,179 984,179 |
|---|---|---|
Page 7
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued
For The Year Ended 31 December 2020
10. MOVEMENT IN FUNDS - continued
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 | 193,238 | (178,501) | 14,737 |
| TOTAL FUNDS | 193,238 | (178,501) | 14,737 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 8
Shree Jalaram Seva Trust
Detailed Statement of Financial Activities For The Year Ended 31 December 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Light and heat Bank loan interest Charitable activities Religious events and food cost Other Donation Support costs Management Wages Insurance Telephone Postage and stationery Sundries Repairs and maintenance Finance Bank charges Other Travelling Plant and machinery Fixtures and fittings Motor vehicles Computer equipment Governance costs Social security Legal and Professional Fees Total resources expended Net (expenditure)/income |
2020 £ 54,553 9,911 64,464 6 64,470 2,617 16,049 1,846 20,512 4,273 501 27,768 4,268 5,475 380 296 13,488 51,675 1,566 1,293 83 2,096 104 123 3,699 - 3,019 3,019 85,245 (20,775) |
2019 £ 128,755 - |
|
|---|---|---|---|
| 128,755 13 |
|||
| 128,768 2,688 15,877 2,487 |
|||
| 21,052 15,858 - 16,834 4,867 5,187 783 207 15,385 |
|||
| 43,263 2,248 3,706 111 2,794 138 89 |
|||
| 6,838 455 3,542 |
|||
| 3,997 | |||
| 93,256 | |||
| 35,512 | |||
This page does not form part of the statutory financial statements
Page 9