**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