Company registration number- 1011496 Charity registration number: 1011496 SHREE JALARAM SEVA TRUST TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Shree Jalaram Seva Trust Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Statement of Financial Position Notes to the Financial Statements 6-10
Shree Jalaram Seva Trust Company No. 1011496 Trustees. Report For The Year Ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. Reference and Administrative Details Trustees Jagrut Patel Hardev Kenth Jeetan Gokani Jashbhai Patel Charity Number 1011496 Company Number 1011496 Principal Address 497A Barrack Road Hounslow Middlesex TW4 6AF Independent Examiner Rajesh Ruparelia FCCA Bassetts Accountants Ltd 2nd Floor 107 Power Road London W4 SPY Page I
Shree Jalaram Seva Trust Trustees. Report (continued) For The Year Ended 31 December 2024 Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Art 2006. The trustees, report was approved by the board of trustees and signed on its behalf by: Jeetan Gokani Trustee Date Page 2
Shree Jalaram Seva Trust Independent Examiner's Report to the Trustees of Shree Jalaram Seva Trust For The Year Ended 31 December 2024 report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and Basis of Report As the charity trustees of the Company land also its director5 for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 1"the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent Examiner's Statement have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recotnmended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Rajesh Ruparelia FCCA Date 2nd Floor 107 Power Road London W4 SPY Page 3
Shree Jalaram Seva Trust Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2024 2024 2023 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 159,848 7,306 1,200 192,090 2,998 7,461 Other 168,354 202,549 EXPENDITURE ON: Raising funds Charitable activities: {1,651) (400) Religious Events Provision for Food Other (761) {7,211) (100,548) (8,996) { 1,456) (97,033) (110,171) (107,885) NET INCOME 58,183 94,664 NET MOVEMENT IN FUNDS 58,183 94,664 RECONCILIATION OF FUNDS: Total funds brought forward 1,156,236 1,061,572 TOTAL FUNDS CARRIED FORWARD 16 1,214,419 1,156,236 The notes on pages 6 to 10 form part of these financial statements. Page 4
Shree Jalaram Seva Trust Statement of Financial Position As At 31 December 2024 2024 2023 Unrestricted funds Total funds Notes FIXED ASSETS Tangible Assets li 770.380 773,656 770.380 773,656 CURRENT ASSETS Debtors Cash at bank and in hand 12 33 473,543 33 419,830 473,576 419,863 Creditors: Amounts Falling Due Within One Year 13 (9,371) (17,117) NET CURRENT ASSETS {LIABILITIES) 464,205 402,746 TOTAL ASSETS LESS CURRENT LIABILITIES 1.234,585 1,176,402 Creditors: Amounts Falling Due After More Than One Year 14 120.166) (20,166) NET ASSETS 1,214,419 1,156,236 FUNDS OF THE CHARThY Unrestrirted Funds 1,214,419 1,156,236 TOTAL FUNDS 16 1,214,419 1,156,236 For the year ending 31 December 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Att with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Jeetan Gokani Trustee Date The notes on pages 6 to 10 form part of these financial statements. Page 5
Shree Jalaram Seva Trust Notes to the Financial Statements For The Year Ended 31 December 2024 l. General Information Shree Jalaram Seva Trust is a company limited by guarantee. incorporated in England & Wales, registered number 1011496 and registered charity number 1011496. The registered office is 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements 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 I January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets. less their estimated residual value, over their expected useful lives on the following bases: Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment 25% 250 25% 25% 2.3. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3. Income from Donations and Legacies 2024 2023 Unrestricted Total funds funds Donations and gifts 159,848 192,090 4. Investment Income 2024 2023 Unrestricted Total funds funds Bank interest receivable 7,306 2,998 5. Other Income 2024 2023 Unrestricted Total funds funds Gain on disposal of tangible fixed assets held for charity's own use Other Income 7,461 1,200 1,200 7,461 Page 6
Shree Jalaram Seva Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 Net Income/(Expenditure) The net income is stated after charging/{crediting)= 2024 2023 Depreciation of tangible fixed assets - owned Gain/Loss on disposal of tangible fixed a55etS 3,908 (7,461) 7. Analysis of Expenditure 2024 Activities undertaken directly Support costs {see note 8) Total Raising funds Religious Events Provision for Food other 1,651 761 1,651 761 7,211 101,771 7,211 100,548 (1,223) (1,223) 111,394 110,171 2023 Artivities undertaken directly Support costs {see note 8) Total Raising funds Religious Events Provision for Food 400 400 8,996 1,456 8,996 1,456 97,033 other 97,033 10,852 97,033 107,885 8. Support Costs 2024 Raising funds Religious Events Provision for Food Other Total Employee costs Premises expenses General administration 34,171 33,669 28,800 3,908 1,223 34,171 34,430 37,662 3,908 1,223 761 1,651 7,211 Depreciation Interest payable 1,651 761 7.211 101,771 111,394 Page 7
Shree Jalaram Seva Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 2023 Other Employee costs Premises expense5 General administration 38,977 23,004 33,097 1,955 Interest payable 97,033 9. Staff Costs Staff costs were as follows.. 2024 2023 Wages and salaries Social security costs 31,736 2,322 38,977 34,058 38,977 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 10. Average Number of Employees Average nurnber of ernployees during the year was= 3 (2023.. ) 11. Tangible Assets Land & Property Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Cost As at l January 2024 Additions 766,513 187 175 6,574 632 As at 31 December 2024 766.513 819 175 6,574 Depreciation As at l January 2024 Provided during the period 239 175 3,287 As at 31 December 2024 239 175 3,287 Net Book Value As at 31 December 2024 766,513 580 3,287 As at l January 2024 766.513 187 175 6,574 Page 8
Shree Jalaram Seva Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 Computer Equipment Total Cost As at l January 2024 Additions 207 773,656 632 As at 31 December 2024 207 774,288 Depreciation As at l January 2024 Provided during the period 207 3,908 As at 31 December 2024 207 3,908 Net Book Value As at 31 December 2024 770,380 As at l January 2024 207 773,656 12. Debtors 2024 2023 Due within one year other debtors 33 33 13. Creditors: Amounts Falling Due Within One Year 2024 2023 Bank loans and overdrafts 1686) 3,732 4.709 1,616 11,875 3,732 1,510 Other creditors Taxation and social security Accruals and deferred income 9,371 17,117 14. Creditors: Amounts Falling Due After More Than One Year 2024 2023 Other loans 20,166 20,166 15. Loans An analysis of the maturity of loans is given below= 2024 2023 Amounts falling due within one year or on demand- Bank loans 1686) 11,875 2024 2023 Amounts falling due between one and five years: other loans 20,166 20,166 Page 9
Shree Jalaram Seva Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 16. Movement in Funds Asati January 2024 Asat31 December 2024 Income Expenditure Unrestricted funds General.. General unrestricted fund 1.156.236 168,354 {110,171) 1,214,419 Total funds 1,156,236 168,354 1110,171) 1,214,419 Asati January 2023 Asat31 December 2023 Income Expenditure Unrestrirted funds General.. General unrestricted fund 1.061.572 202,549 { 107,885) 1,156,236 Total funds 1,061,572 202,549 1107,885) 1,156,236 17. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. 18. Related Party Disclosures There have been no related party transactions in the reporting period that require disclosure. 19. Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company. in the event of a winding up, such an amount as may be required not exceeding £1. Page 10