REGISTERED CHARITY NUMBER: 1011496
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 December 2023
for
Shree Jalaram Seva Trust
Bassetts Accountants 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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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: i reer
........................................................................ _. Gokka) | Trustee
Page 1
Shree Jalaram Seva Trust
Statement of Financial Activities For The Year Ended 31 December 2023
| 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 |
2023 Unrestricted fund £ 192,090 2,998 7461 202,549 400 8,996 1,456 97,033 107,885 94,664 1,061,572 1,156,236 |
2022 Total funds £ 122,094 13 - 122,107 15,959 14,112 500 47,983 78,551 43,556 1,018,016 1,061,572 |
|---|---|---|
The notes form part of these financial statements
Page 2
Shree Jalaram Seva Trust
Balance Sheet 31 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 773,656 | 773,656 |
| CURRENT ASSETS | |||
| Prepayments and accrued income | 33 | 33 | |
| Cash at bank | 419,830 | 326,325 | |
| 419,863 | 326,358 | ||
| CREDITORS | |||
| Amounts falling due within one year | 6 | (17,117) | (17,701) |
| NET CURRENT ASSETS | 402,746 | 308,657 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,176,402 | 1,082,313 | |
| CREDITORS | |||
| Amounts falling due after more than one year | Amounts falling due after more than one year 7 |
(20,166) | (20,741) |
| NET ASSETS | 1,156,236 | 1,061,572 | |
| FUNDS | 9 | ||
| Unrestricted funds | 1,156,236 | 1,061,572 | |
| TOTAL FUNDS | 1,156,236 | 1,061,572 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. ste 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 2023
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
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 2,998 | 13 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Page 4
continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
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 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. TANGIBLE FIXED ASSETS COST At 1 January 2022 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Unrestricted fund £ 192,090 - 7,460 199,550 400 8,996 1,456 97,033 107,885 91,665 1,018,016 1,109,681 Fixtures Freehold Plant and and property machinery fittings £ £ £ 766,513 443 36,535 - 256 29,961 - 46 2,191 - 302 32,152 766,513 141 4,383 766,513 187 6,574 |
|---|---|
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continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
5. TANGIBLE FIXED ASSETS - continued
| Motor Computer vehicles equipment £ £ COST At 1 January 2022 and 31 December 2023 4,147 1,173 DEPRECIATION At 1 January 2023 3,972 966 Charge for year 175 69 At 31 December 2023 4,147 1,035 NET BOOK VALUE At 31 December 2023 - 138 At 31 December 2022 175 207 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Bank loans and overdrafts (see note 8) 11,875 Taxation and social security 1,510 Other creditors 3,732 17,117 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Bank loans (see note 8) 20,166 8. LOANS An analysis of the maturity of loans is given below: 2023 £ 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 20,166 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal - |
Totals £ 808,811 35,155 2,481 37,636 771,175 773,656 2022 £ 11,875 2,094 3,732 17,701 2022 £ 20,741 2022 £ 11,875 47,476 (26,735) |
|---|---|
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continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 1,061,572 1,061,572 Incoming resources £ 202,549 202,549 |
Net movement in funds £ 94,664 94,664 Resources expended £ (107,885) (107,885) |
At 31.12.23 £ 1,156,236 1,156,236 Movement in funds £ 94,664 94,664 |
|---|---|---|---|
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.22 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,018,016 | 43,556 | 1,061,572 |
| TOTAL FUNDS | 1,018,016 | 43,556 | 1,061,572 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 122,107 (78,551) 43,556 122,107 (78,551) 43,556 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.22 £ 1,018,016 1,018,016 |
Net movement in funds £ 138,220 138,220 |
At 31.12.22 £ 1,156,236 1,156,236 |
|---|---|---|---|
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continued...
Shree Jalaram Seva Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
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 £ £ £ 324,656 (186,436) 138,220 324,656 (186,436) 138,220 |
|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 8
Shree Jalaram Seva Trust
Detailed Statement of Financial Activities For The Year Ended 31 December 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Investment income Deposit account interest Other income Sale of Car 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 |
2023 £ - 192,090 192,090 2,998 7,461 202,549 3,981 19,023 1,955 24,959 10,452 38,977 5,908 7,470 180 - 11,194 63,726 559 - 901 901 - 46 2,191 175 69 2,481 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9
Shree Jalaram Seva Trust
| Other Governance costs Legal and Professional Fees Total resources expended Net income |
Detailed Statement of Financial Activities For The Year Ended 31 December 2023 |
2023 £ 4,804 107,885 94,664 |
2022 £ 1,856 78,551 43,556 |
|---|---|---|---|
This page does not form part of the statutory financial statements
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