REGISTERED CHARITY NUMBER: 1011496
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 December 2022
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 2022
| 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 | to | 10 |
Shree Jalaram Seva Trust
Report of the Trustees For The Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 2022
| 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 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 Unrestricted fund £ 122,094 13 - 122,107 15,956 14,112 500 47,983 78,551 43,556 1,018,016 1,061,572 |
2021 Total funds £ 101,040 |
|---|---|---|
| 1 | ||
| 6,843 | ||
| 107,884 | ||
| 18,932 | ||
| 5,575 | ||
| 5,839 | ||
| 43,701 | ||
| 74,047 | ||
| 33,837 | ||
| 984,179 | ||
| 1,018,016 |
The notes form part of these financial statements
Page 2
Shree Jalaram Seva Trust
Balance Sheet
31 December 2022
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 773,656 33 326,325 326,358 (17,701) 308,657 1,082,313 (20,741) 1,061,572 1,061,572 1,061,572 |
2021 Total funds £ 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 |
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 2022
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
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 13 | 1 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Page 4
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2022
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| 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 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
Freehold property £ 766,513 - - - 766,513 |
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 Fixtures Plant and and machinery fittings £ £ 443 36,535 256 27,770 - 2,191 256 29,961 187 6,574 187 8,765 |
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 Fixtures Plant and and machinery fittings £ £ 443 36,535 256 27,770 - 2,191 256 29,961 187 6,574 187 8,765 |
|---|---|---|---|
| 766,513 | 187 |
Page 5
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2022
5. TANGIBLE FIXED ASSETS - continued
| Motor Computer vehicles equipment £ £ COST At 1 January 2022 and 31 December 2022 4,147 1,173 DEPRECIATION At 1 January 2022 3,914 897 Charge for year 58 69 At 31 December 2022 3,972 966 NET BOOK VALUE At 31 December 2022 175 207 At 31 December 2021 233 276 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Bank loans and overdrafts (see note 8) 11,875 Taxation and social security 2,094 Other creditors 3,732 17,701 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 £ Bank loans (see note 8) 20,741 8. LOANS An analysis of the maturity of loans is given below: 2022 £ 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 (26,735) |
Motor Computer vehicles equipment £ £ 4,147 1,173 3,914 897 58 69 3,972 966 175 207 |
Motor Computer vehicles equipment £ £ 4,147 1,173 3,914 897 58 69 3,972 966 175 207 |
Motor Computer vehicles equipment £ £ 4,147 1,173 3,914 897 58 69 3,972 966 175 207 |
Totals £ 808,811 32,837 2,318 35,155 773,656 |
Totals £ 808,811 32,837 2,318 35,155 773,656 |
|---|---|---|---|---|---|
| 233 | 276 | 775,974 | |||
| 2022 £ 11,875 2,094 3,732 17,701 2022 £ 20,741 2022 £ 11,875 47,476 (26,735) |
|||||
| 2021 £ |
|||||
| 11,875 | |||||
| 1,571 1,428 14,874 |
|||||
| 2021 £ |
|||||
| 29,499 | |||||
| 2021 £ |
|||||
| 11,875 | |||||
| 47,476 | |||||
| (17,977) |
Page 6
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2022
9. MOVEMENT IN FUNDS
| At 1.1.22 £ Unrestricted funds General fund 1,018,016 TOTAL FUNDS 1,018,016 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 122,107 TOTAL FUNDS 122,107 Comparatives for movement in funds At 1.1.21 £ Unrestricted funds General fund 984,179 TOTAL FUNDS 984,179 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 107,884 TOTAL FUNDS 107,884 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.21 £ Unrestricted funds General fund 984,179 TOTAL FUNDS 984,179 |
Net movement in funds £ 43,556 43,556 Resources expended £ (78,551) (78,551) Net movement in funds £ 33,837 33,837 Resources expended £ (74,047) (74,047) Net movement in funds £ 77,393 77,393 |
At 31.12.22 £ 1,061,572 1,061,572 Movement in funds £ 43,556 43,556 At 31.12.21 £ 1,018,016 1,018,016 Movement in funds £ 33,837 33,837 At 31.12.22 £ 1,061,572 1,061,572 |
|---|---|---|
Page 7
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued
For The Year Ended 31 December 2022
9. 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 £ £ £ 229,991 (152,598) 77,393 229,991 (152,598) 77,393 |
|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 8
Shree Jalaram Seva Trust
Detailed Statement of Financial Activities For The Year Ended 31 December 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts 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 Support costs Management Wages Insurance Telephone Postage and stationery Sundries Repairs and maintenance Finance Bank charges Human resources Software licences Subscription Other Travelling Plant and machinery Fixtures and fittings Motor vehicles Computer equipment |
2022 £ (1) 122,095 122,094 13 - 122,107 2,052 12,801 1,103 15,956 12,802 27,247 3,624 5,593 602 - 2,664 39,730 2,512 50 159 209 3,168 - 2,191 58 69 5,486 |
2021 £ - 101,040 101,040 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 |
|
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9
Shree Jalaram Seva Trust
Detailed Statement of Financial Activities For The Year Ended 31 December 2022
| For The Year Ended 31 December 2022 | |||
|---|---|---|---|
| Other Governance costs Legal and Professional Fees Total resources expended Net income |
2022 £ 1,856 78,551 43,556 |
2021 £ |
|
| 1,306 74,047 33,837 |
This page does not form part of the statutory financial statements
Page 10