2024-04-30-accounts - Shree Girnara Soni Samaj (UK)

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Shree Girnara Soni Samaj (U.K.)

Charity No. 1026609

Trustees' Report and Unaudited Accounts

30 April 2024

Shree Girnara Soni Samaj (U.K.) Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 12
Detailed Statement of Financial Activities	13 to 14

Page 1

Shree Girnara Soni Samaj (U.K.) Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 April 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1026609

Principal Office

5 St James Street Leicester LE1 3SU Address Line 5

Trustees

The following trustees served during the year:

S.R. Jogia D.M. Kachhala R.P. Lodhia

C.K. Nandha (Resigned 10 September 2023) B.K. Pala P. Shantilal

Accountants

I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester LE1 4LD

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document is to promote the cultural development of the Hindu community, which includes Shree Girnara Soni Samaj and to maintain and manage such a centre of educational, social welfare, recreational and leisure purposes.

The main activities undertaken in relation to those purposes during the year were to organise Navaratri, Diwali gatherings, day trips for members, summer picnics and sports activities for all members including youngsters and kids.

The main activities undertaken during the year to further the charity's purpose for the public benefit:

Organise Navaratri, Diwali gatherings, day trips for members, summer picnics and sports activities for all members including youngsters and kids.
Navaratri festival, HAVAN, Poonam festival and Diwali get-to-gather
Dinner and Dance in London, Bus trip to seaside for Ganesh festival and holy month of Purshottam
(Shravan). Memorial Services for the departed long service members of the Samaj.
Dinner and Dance, Diwali gathering and During Navaratri
Health camp in India, and donations to Gaushala, (shelter for cows) - or the
Abode or sanctuary for cows, calves and oxen in India.

Page 2

Shree Girnara Soni Samaj (U.K.) Trustees Annual Report

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

Organise Navaratri, Diwali gatherings, day trips for members, summer picnics and sports activities for all* Organise Navaratri, Diwali gatherings, day trips for members, summer picnics and sports activities for all members including youngsters and kids.
Navaratri festival, HAVAN, Poonam festival and Diwali get-to-gather
Dinner and Dance in London, Bus trip to seaside for Ganesh festival and holy month of Purshottam, Diwali gathering and During Navaratri
Health camp in India, and donations to Gaushala, (shelter for cows) - or the Abode or sanctuary for cows, calves and oxen in India.

FINANCIAL REVIEW

The Charity had a challenging performance during 2023-24 (Net Income £6,256) compared to 2022-23(Net Expenditure £8,494). However, the charity has strong reserves at the end of 2024 (£267,331), a Addition on 2023 (£261,073). Improvement are anticipated in future years.

The charity has a policy of maintaining reserves to meet ongoing obligations, which currently it is able to do.

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

STRUCTURE, GOVERNANCE AND MANAGEMENT

All post holders including Trustees are volunteers and they are appointed at the AGM when we also have committee elections.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

S.R. Jogia Trustee 19 February 2025

Page 3

Shree Girnara Soni Samaj (U.K.) Independent Examiners Report

Independent Examiner's Report to the trustees of Shree Girnara Soni Samaj (U.K.)

I report to the trustees on my examination of the financial statements of Shree Girnara Soni Samaj (U.K.) for the year ended 30 April 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 financial statements to be reached.

Mahmood Reza FCCA I Hate Numbers Limited Forester Building 29-35 St Nicholas Place Leicester

LE1 4LD 19 February 2025

Page 4

Shree Girnara Soni Samaj (U.K.) Statement of Financial Activities for the year ended 30 April 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

34,028	34,028	17,680
34,028	34,028	17,680

10,963	10,963	5,238
420	420	420
16,389	16,389	20,516
27,772	27,772	26,174
-	-	-
6,256	6,256	(8,494)
-	-	-
6,256	6,256	(8,494)

6,256	6,256	(8,494)

261,075	261,075	269,567
267,331	267,331	261,073

Page 5

Shree Girnara Soni Samaj (U.K.) Balance Sheet

at 30 April 2024

at 30 April 2024
Charity No. 1026609		2024	2023
		£	£
Fixed assets
Tangible assets	9	246,490	253,906
		246,490	253,906
Current assets
Debtors	10	7,762	10,656
Cash at bank and in hand		30,159	10,565
		37,921	21,221
Creditors:Amount falling due within one year	11	(3,080)	(5,054)
Net current assets		34,841	16,167
Total assets less current liabilities		281,331	270,073
Creditors:Amounts falling due after more than one year	12	(14,000)	(9,000)
Net assets excluding pension asset or liability		267,331	261,073
Total net assets		267,331	261,073
The funds of the charity
Restricted funds	13
Unrestricted funds	13
General funds		267,331	261,073
		267,331	261,073
Reserves	13
Total funds		267,331	261,073
Approved by the trustees on 19 February 2025

And signed on their behalf by:

S.R. Jogia Trustee 19 February 2025

Page 6

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

for the year ended 30 April 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 1.6% straight line Lift equipment 6.66% straight line Furniture and fixtures 10% reducing balance

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Event Funds General donations 4 Expenditure on raising funds Fundraising trading costs Income from fundraising events	Unrestricted £ 32,794 1,234 34,028 Unrestricted £ 10,963 10,963	Unrestricted funds 2023 £ 17,680 17,680 5,238 420 20,516 26,174 (8,494) (8,494) (8,494) 269,567 261,073 Total 2024 £ 32,794 1,234 34,028 Total 2024 £ 10,963 10,963	Total funds 2023 £ 17,680
			17,680 5,238 420 20,516
			26,174
			(8,494)
			(8,494)
			(8,494) 269,567
			261,073
			Total 2023 £ 10,254 7,426
			17,680
			Total 2023 £ 5,238
			5,238

Page 9

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

5 Expenditure on charitable activities

Governance costs Independent Examiner's fees 6 Other expenditure Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 7 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 8 Staff costs No employee received emoluments in excess 9 Tangible fixed assets Cost or revaluation At 1 May 2023 At 30 April 2024 Depreciation and impairment At 1 May 2023 Depreciation charge for the year At 30 April 2024 Net book values At 30 April 2024 At 30 April 2023	of £60,000. Land and buildings £ 367,851 367,851 130,366 5,523 135,889 231,962 237,485	Unrestricted £ 420 420 Unrestricted £ 8,859 7,416 64 50 16,389 2024 £ 7,416	Total 2024 £ 420 420 Total 2024 £ 8,859 7,416 64 50 16,389 Furniture and fixtures £ 10,541 10,541 4,177 636 4,813 5,728 6,364	Total 2023 £ 420
				420
				Total 2023 £ 10,269 7,487 39 2,721
				20,516
				2023 £ 7,487 Total £ 397,249
		Lift equipment
		£ 18,857 18,857 8,800 1,257 10,057 8,800 10,057
				397,249
				143,343 7,416
				150,759
				246,490
				253,906

Page 10

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

10 Debtors

2024 £ 2,600 5,162 7,762 2024 £ 1,890		2023 £ 6,728 3,928
		10,656
		2023 £ 3,744
420		420
770		890
3,080 2024 £ 14,000 14,000 Incoming resources (including other gains/losses ) £ 34,028 34,028	Resources expended £ (27,772) (27,772) Unrestricted funds £ 246,490 34,841 (14,000) 267,331	5,054
		2023 £ 9,000
		9,000
		At 30 April 2024 £ 267,331
		267,331
		Total £ 246,490 34,841 (14,000)
		267,331

Page 11

Shree Girnara Soni Samaj (U.K.) Notes to the Accounts

15 Reconciliation of net debt

At 1 May 2023 £	Cash flows £	At 30 April 2024 £
10,565	19,594	30,159
10,565 (9,000)	19,594	30,159 (14,000)
	(5,000)
(9,000) 1,565	(5,000) 14,594	(14,000)
		16,159

Page 12

Shree Girnara Soni Samaj (U.K.) Detailed Statement of Financial Activities

for the year ended 30 April 2024

Income and endowments from: Donations and legacies Event Funds General donations Total income and endowments Expenditure on: Costs of other trading activities Income from fundraising events Total of expenditure on raising funds Governance costs Independent Examiner's fees Total of expenditure on charitable activities Premises costs Rates Light, heat and power Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Lift equipment Depreciation of Furniture and fixtures Stationery and printing Legal and professional costs Other legal and professional costs Total of expenditure of other costs	Unrestricted funds 2024 £ 32,794 1,234 34,028 34,028 10,963 10,963 10,963 420 420 420 2,092 - 4,832 1,935 8,859 7,416 - - 64 7,480 50 50 16,389	Total funds 2024 £ 32,794 1,234 34,028 34,028 10,963 10,963 10,963 420 420 420 2,092 - 4,832 1,935 8,859 7,416 - - 64 7,480 50 50 16,389	Total funds 2023 £ 10,254 7,426
			17,680
			17,680 5,238
			5,238
			5,238 420
			420
			420 2,451 1,347 3,247 3,224
			10,269
			7,487 - - 39
			7,526
			2,721
			2,721

			20,516

Page 13

Shree Girnara Soni Samaj (U.K.) Detailed Statement of Financial Activities

Shree Girnara Soni Samaj (U.K.) Detailed Statement of Financial Activities
Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	27,772 - 6,256 6,256 - 6,256 261,075 267,331	27,772 - 6,256 6,256 - 6,256 261,075 267,331	26,174 -
			(8,494)
			(8,494) -
			(8,494)
			269,567
			261,073

Page 14