REGISTERED CHARITY NUMBER: 1011496
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2021
for
Shree Jalaram Seva Trust
Bassetts Business Solutions Limited T/A Bassetts Chartered Certified Accountants Second Floor 107 Power Road Chiswick London W4 5PY
Shree Jalaram Seva Trust
Contents of the Financial Statements For The Year Ended 31 December 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income 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 |
2021 Unrestricted fund £ 101,040 1 6,843 107,884 18,932 5,575 5,839 43,701 74,047 33,837 984,179 1,018,016 |
2020 Total funds £ 54,553 6 9,911 64,470 36,409 (333) 5,343 43,826 85,245 (20,775) 1,004,954 984,179 |
|---|---|---|
The notes form part of these financial statements
Page 2
Shree Jalaram Seva Trust
Balance Sheet
31 December 2021
| 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 |
2021 Unrestricted fund £ 775,974 - 33 286,382 286,415 (14,874) 271,541 1,047,515 (29,499) 1,018,016 1,018,016 1,018,016 |
2020 Total funds £ 773,728 3,000 33 264,262 |
|---|---|---|
| 267,295 | ||
| (17,071) 250,224 1,023,952 (39,773) |
||
| 984,179 | ||
| 984,179 984,179 |
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 2021
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
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 1 | 6 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Page 4
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income 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 5. TANGIBLE FIXED ASSETS COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Freehold property £ 766,513 - 766,513 - - - 766,513 |
Unrestricted fund £ 54,553 6 9,911 64,470 36,409 (333) 5,343 43,826 85,245 (20,775) 1,004,954 984,179 Fixtures Plant and and machinery fittings £ £ 443 31,135 - 5,400 443 36,535 194 24,848 62 2,922 256 27,770 187 8,765 249 6,287 |
Unrestricted fund £ 54,553 6 9,911 64,470 36,409 (333) 5,343 43,826 85,245 (20,775) 1,004,954 984,179 Fixtures Plant and and machinery fittings £ £ 443 31,135 - 5,400 443 36,535 194 24,848 62 2,922 256 27,770 187 8,765 249 6,287 |
|---|---|---|---|
| 766,513 | 249 |
Page 5
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| 5. TANGIBLE FIXED ASSETS - continued Motor Computer vehicles equipment £ £ COST At 1 January 2021 4,147 1,173 Additions - - At 31 December 2021 4,147 1,173 DEPRECIATION At 1 January 2021 3,836 805 Charge for year 78 92 At 31 December 2021 3,914 897 NET BOOK VALUE At 31 December 2021 233 276 At 31 December 2020 311 368 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors - 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Bank loans and overdrafts (see note 9) 11,875 Trade creditors - Taxation and social security 1,571 Other creditors 1,428 14,874 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Bank loans (see note 9) 29,499 9. LOANS An analysis of the maturity of loans is given below: 2021 £ 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 (17,977) |
Motor Computer vehicles equipment £ £ 4,147 1,173 - - 4,147 1,173 3,836 805 78 92 3,914 897 233 276 |
Motor Computer vehicles equipment £ £ 4,147 1,173 - - 4,147 1,173 3,836 805 78 92 3,914 897 233 276 |
Motor Computer vehicles equipment £ £ 4,147 1,173 - - 4,147 1,173 3,836 805 78 92 3,914 897 233 276 |
Motor Computer vehicles equipment £ £ 4,147 1,173 - - 4,147 1,173 3,836 805 78 92 3,914 897 233 276 |
Totals £ 803,411 5,400 808,811 29,683 3,154 32,837 775,974 |
Totals £ 803,411 5,400 808,811 29,683 3,154 32,837 775,974 |
Totals £ 803,411 5,400 808,811 29,683 3,154 32,837 775,974 |
|---|---|---|---|---|---|---|---|
| 311 | 368 | 773,728 | |||||
| 2021 £ - 2021 £ 11,875 - 1,571 1,428 14,874 2021 £ 29,499 2021 £ 11,875 47,476 (17,977) |
|||||||
| 2020 £ |
|||||||
| 3,000 | |||||||
| 2020 £ |
|||||||
| 11,875 | |||||||
| (1) 1,364 3,833 17,071 |
|||||||
| 2020 £ |
|||||||
| 39,773 | |||||||
| 2020 £ |
|||||||
| 11,875 | |||||||
| 47,476 | |||||||
| (7,703) |
Page 6
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
10. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 984,179 | 33,837 | 1,018,016 |
| TOTAL FUNDS | 984,179 | 33,837 | 1,018,016 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 107,884 | (74,047) | 33,837 |
| TOTAL FUNDS | 107,884 | (74,047) | 33,837 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,004,954 | (20,775) | 984,179 |
| TOTAL FUNDS | 1,004,954 | (20,775) | 984,179 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,470 | (85,245) | (20,775) |
| TOTAL FUNDS | 64,470 | (85,245) | (20,775) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,004,954 | 13,062 | 1,018,016 |
| TOTAL FUNDS | 1,004,954 | 13,062 | 1,018,016 |
Page 7
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued
For The Year Ended 31 December 2021
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:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 172,354 (159,292) 13,062 172,354 (159,292) 13,062 |
|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 8
Shree Jalaram Seva Trust
Detailed Statement of Financial Activities For The Year Ended 31 December 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Other income Government Grant 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 Legal and Professional Fees Total resources expended Net income/(expenditure) |
2021 £ 101,040 1 6,843 107,884 2,276 11,761 1,441 15,478 8,077 - 25,246 4,219 5,698 - 254 7,639 43,056 1,852 1,124 62 2,922 78 92 4,278 1,306 74,047 33,837 |
2020 £ 54,553 6 9,911 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 85,245 (20,775) |
|
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9