Charity regtstration number 1039725 SHRI RADHE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SHRI RADHE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustee Mr Lalil Chandegra Mr Ramesh Chandegra Mr Kishore Chandegra Mr Pravln Chandegra Charity number 1039725 Principal address 30 Tranmere Road Twickenham Middlesex TW2 7JB Independent examiner KLSA LLP Kalamu House 11 Coldbalh Square London EC1R 5HL BankÈrs Barclays Bank UK PLC 1 Churthill Place London E14 5HP
SHRI RADHE FOUNDATION CONTENTS Page Trustee report Independent examinels report Statement of financial activities Balance sheet Notes to the financial statements 8-10
SHRI RADHE FOUNDATION TRUSTEE REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustee present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with Ihe aC(utIng poliGies sel oul in iiole O lo Ilie financial statements and comply with the Charity's the Charities Act 2011 and 'Accounting and Reporting by Gharilies- Statemeni of Recomtnenoed vracti applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)° (as amended for accounling periods commencing from 1 January 2019). Objectives and activities The Charily's Objective are to provide grants to institutions which are religious and social importan. Public b8n8fit I he I rustee have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charily should undertake. Acliieverrients and perforfflanGe Significant aclivilies and achievements against objectives Financial revtew The Statement of Finanaal Activities is set out on page 4 of the financial statements in detail. The donaiion reiVed dunng the year amounted to L4b.UUU (2U23'. £250). Reserves policy 11 is the policy of the Charity Ihal unrestricted funds which have not been designated for a specific use should be maintained at a level equivalenl lo belween three and six monlh's expenditure. The Trustee considers that resewes 81 this level will ensure that. in the event of a significant drop in funding, they will be able to Gontinue the Charily's currenl aclivilies while consideration is qiven to ways in which additional funds mav be raised. This level of reseeS has been maintained throughout the year. Maiorrisks Risk management The Trustee has assessed the major risks to which the Charity is exposed. and are satisfiÈd that %y.gtp.m8 arp. in place to mitigate exposure to the major risks. There are no major risks identified. Plans for future periods Objectives The charily wll continue in its efforts to fulfill its primary objectives. Structure. governance and management Shri Radhe Foundalion, Reglstered Charity No. 1039725 was founded in 1994. The charity is an unincorporated charity which is governed and operated within the requirement set out in its constltutlon. The administration and control of the Charity and ils assels are vested in a Board of trustees. The Board consists of 4 m@mbgrq (2rJ2.2.. 4 mp.mhp.rg). The Trustee who served during the year and up to the date ot signature ot the tinancial statements were.. Mr Lalit Chandegra Mr Ramesh Chandegra Mr Kislioie Clidridegrd Mr Pravin Chandeqra
SHRI RADHE FOUNDATION TRUSTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rgcruitment and appointment of tstaS Trustee tralning and recrultment The Trustees recognise that the Goveming body requires breadth and depth of experience to rarry out ils duties effectwely and efficiently. here it is desiTOUS to appoint new trustees any such appointment must be ratified by the existing Imslees al a du onsliluted board meeting. Any such new trustees are initially selected having regard to their personal and piolvbbivndl expertise In the acllvllles of the charity. It required. training gwen 10 new Irustees to ensure they are compliant and able to fulfill their roles. All decision making is undertaken by members of the Board. The tharity has no staff and there is. therefore. no requirement to delegate decision making further. The Trustee report was approved by the Board of Trustee. Mr Lalit Chandegra Trustee 29 October 2024
SHRI RADHE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF SHRI RADHE FOUNDATION I report to the Charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024. Responsibilities and basis of report As the Trustee of the charity you are responsible for preparation of the finanaal statements in accordance with the requirements of the Charities Act 2011 (the 2011 Ad). I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination i have followed all the applicable Directions given by the Charily Commission uiider seGlioii 145(5)<lJ) uf ilie 2011 Abi. Basis of Independent examinerfs report My 8xamination was carried out in accordance with the gcneral Dircclions given by the Charity Commission. An exainiiidliuri IriLludts d review of the accounting records kept by the charity and a comparison of Ihe accounts presented with those records. It also includes consideralion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such malters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fair view. and the report is limited to those mAtters set out in the nexl statement. Independent examinerfs statement Your attention is drawn lo Ihe fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance wilh the Financial Reportiiig Standard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the Accounting and Reporting by Charities= Stalement of Recommended Practice issued on 01 Apnl 2005 which is referred to in the extant regulations but has now been wilhdrawn. I Iindp.rqtand thiq hA< hp_p.n done in order for financial statements to provide a true 2nd fair viaw in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the financial slalements do not acGord with those ieGOI"ds." oi" the financial statements do not comply with the appliixble requirements concerning the form and content of accounts set out in the Charilies {Accounts and Reports) Regulations 2008 olher than any requirement that the accounts give a true and fair view which is not a matter considered 2S Patt nf an independent examination. I have no concerns and have come across no other malteis in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial stalements to be reached. Shilpa Chheda FCA FCCA KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL Dated.. 29 October 2024
SHRI RADHE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UnrÈstrictÈd funds 2024 RÈstricted funds 2024 Tntal Unrestricted funds 202J 2024 Notes Income from: Charitable activities 11,250 46,000 57.250 250 Total income 250 Expenditure on: Charitable aclivilics 500 500 500 Total expenditure 500 500 500 Net incomel{expenditurel and movement in funds 10.750 46,000 56,75U (250) Reconciliation of funds: Fund balances al 1 April 2023 9.321 9.321 9.571 Fund balances at 31 March 2024 20.071 46,000 66,071 9,321 The stalemenl of financial acttvities includes all gains and losses recognised in the year. All income and expendilure deriva from continuing activities,
SHRI RADHE FOUNDATION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Noles Current assets Debtors Cash at bank and in hand 10 19.742 48.829 8.492 2.829 08,571 11.321 Creditors: amounts falllng due withln one year 11 (2.500) (2.000) Net current assets 66,071 9,321 The funds of the Charity Restricted income lunds Unresliicted funds 12 13 46.0(K) 20,071 9,321 66,071 9,321 The financial statements were approved by the Trustee on 29 Oclober 2024 Mr Lalil Chandegra Trustee
SHRI RADHE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Gharlty Informallon Shri Radhe Foundation is a charity registered in England and Wales. The registered office is 30 Tranmere, Twickenham, Middlesex TW2 7JB. 1.1 Accounting conventlon The financial statements have been prepared in arLordance with the Charity's governing document, the e.harilip.s Ae.t 2011 xnd "Acrnijnling and Reporting by Charilies.. S18tement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102)" (as amended for accounting periods comm8ncing from 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cDst nventiOn. The principal accounting poIiGies adopted are Set out below. 1.2 Going concern At the time of approving the financial stat8m8nts, th8 Trustee have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustee continue tu ddupt tlie guirig co111n basis of accounling in preparing the financial statements. 1.3 Charitsble funds UIiivi>liiLIvLI luiids are available foi use at the disrdion of the Trustee in furtherance of their Gharilable objectives. Restricted funds are subj8Ct to specific conditions by donors or grantors as to how Ihey may be used. The purposes and uses of the restricted funds are set out in the noles to the financial statements. IA IncomÈ Donations is recognised when the Charity is legally enlitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the Charity has been nolified of thè donation, unless performanca conditions raquire deferral of Ihe amount. Income tax recoverablp. in relation to donations received under Gift Aid or deeds of covenant is recognised al Ihe time of the donation. 1.5 Expendilure Expenditure is recognised On there is a legal or constructive obligation lo transfer economic benefit lo a third party, It is pmbable that a transfer of economic benefits will be required in settlement, and Ihc amount of the obligation can be measured reliably. Expenditure is classified bv activity. The costs of each activity are made up of the total of direct costs and shared costs, including support cosls involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Sharp.d rA)sts which contribute to more than one activity and support costs which are not allribulable to a single activity are apportioned between Ihose activities on a basis consistent with the use of resources. Central staff costs are allocatcd on the basis of time spent, and depreciation charges are allocated on the portion of the assel's use.
SHRI RADHE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Expenditure is accounied for on a payment basis and Trids beeii dassified under headings that aggregate 811 cost related to the category. Where costs cannol be directly altributed to parlicular headings they have been allocated to activities on a basis consistent with the use of resoUrs. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, olher short-term liquid invp.8tmenls with orioinal maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The Charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olh8r Financial Instrumenls Issues, of FRS 102 to All af its financial instnjments. FiridfiLidl iiislrunients are recognised in the charits ba]ance sheet whcn the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. wilh the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounls and there is an intention to settle on a net basis or to realise the asset and settlp_ thp_ li2hilily qimultaneously. Basic financial assets Ragir. financial assets. which include debtors and cash and bank balances, are initially measured at tiansaclion PTice induding transaclion costs and are subsequently carried al amortised cost using the effective interest mclhod unless the arrangem8nt constitutes a financing transaclion, whe.rg the transaction is measured at the present value of Ihe future receipts discounted at a markel rate of interest. FinancAal assets classifled as recelvable withiri uiiv yeill dl¥ Iiul dlllUI"lised. Basic linancial liabilities Basic finaiicial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaclion, where the debt inslrument is measured at the present value of the future payments discounled at a market rate of Inlerest. Financi31 lidbilities classified as payable within one year are not amortised. Debt instrumènts are subsequently carried at amortised cA)st. Ilsing the effective interest rate method. Trade creditors are obligations to pay for goods or senficcs that have been acquir8d in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilitie5. Trade uedilois are iecognised initially at transaction price and subsequently measured at amortised cA)st using the effedive interest method. Derecognitiuii offiiiaiicial liabilities Financial liabilitie5 are derecognised when the Charity's cL)ntractual obligations expire or are discharged or canlled. 1.8 Employee benefits The cost of any unused holiday entillement is recognise¢J In the period in whlch Ihe employee's seiviueb dl received. Termination b8n8fits are recognised immediately as an expen8p. whon the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
SHRI RADHE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 CritiGal accounting estimates and judgements In the application uf Ilie Clidiily's accounting policies, the Trustee are required to make judgements, eslimatc- and assumptions about the Garrying amount of assets and liabilities that are nol readily apparent from other sources. The estimates and associated assurnptions are based on historical experience and Olher factors that are considered to be relevant. Aclual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which Ihe estimate is revised where the revision affects only that pei iud, vi iii Ilie pei.iod of the ieM5ion and future period3 where the revision affects both currcnt ond future periods. Income from charitabla aetivities Unrestricted Restricted funds funds 2024 Total Unrestricted Restricted fijnds funds 2023 Total 2024 2024 2023 2023 Gift aid Gift aid 11.250 11.250 250 250 Restricted funds Donations 46.000 46.000 11,250 48.000 250 Expenditure on charitable activities 2024 2023 Direct costs Share of support and governance costs (see note 5) Governance 500 .500 Analysis by fund Unreslrioted funds -fjoo 500 Support costs allocated to activttiÈs 2024 2023 Basis of allocation Accounting f88s Governance costs 500 500 Analysed between: Charitable activities 500 500
SHRI RADHE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The riet Iiiuveinent iii funds is stated after charging1{Grediting): Fees payable for the independent examination of the charitvs financial statements 500 500 Trustee None of the Trustee (or any persons connected with them) received any remuneratlon or benefits from the Charity during the year. Einployees The average monthly number of employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was morg. th2n £60.000. Taxation The charity is exempt from taxation on its aclivities because all its income is applied for charitable purposes. 10 Debtors 2024 2023 Amounts falllng due within one year. other debtors 19,742 8,492 11 Creditors: amounts falling due within one year 2024 2023 Accruals and defcrrcd income 2,500 2.000
SHRI RADHE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Restricted funds The ieslriGted funds of the charity comprise the unexpended balances of donation3 and grants held on tru: subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming At 31 March resources 2024 46,000 46,000 13 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donalions and grants which are nol subject to specific conditions by donors and grantors as to how Ihey may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 9.321 11,250 (500) 20,071 Previous year. At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 9.571 250 (500) 9,321 14 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Current 838et31{liabiSitie3) 20,071 48,000 66,071 20,071 46,000 66,071 Unrestricted fiinfl Restricted funds 2023 Total 2023 2023 At 31 March 2023: Current assetsl(liabilities) 9,321 9,321 9.321 9,321 10-