CHAIUTY REGISTERED NUMBER:1050875 REDBRIDGE GUJRATI WELFARE ASSOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SOKHI & ASSOCIATES LTD CHARTERED CERTIFIED ACCOUNTANTS 86B ALBERT ROAD ILFORD ESSEX IGI IHR
REDBRIDGE GUJRATI WELFARE ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Registered Charity Number: 1050875 Trustees: Mr J B Thacker Chairnian Mrs M Vyas Vice Chairman Mrs G A Patel Secretary Ms S A Meisuria Assistant Secretary Mr S M Patel Treasurer Ms M Rayrella Assistant Trcasurer Mr S R Patel Committee Mcmber Mrs P Jani Committee Member Mr S K Vyas Committee Member Mr H Patel Committee Member Mr R Patel Committee Member Mr P Nakum Staff Registered Office: Ilford Methodist Church Ilford Lane Ilford Essex IGI 2JZ Accountants: Sokhi & Associates Ltd Chartered Certified Accountants 86B Albert Road Ilford Essex IGI IHR
REDBRIDGE GUJRATI WELFARE ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Charity - Examiners report Trust¢¢s' report Balance sheet Statement of financial activitics Notes Detailed Profit & Loss account
INDEPEINDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDBRIDGE GUJRATI WELFARE ASSOCIATION FOR THE YEAR ENDED 31 IVIARCH 2024 I report on the accounts which are set out on pagcs 3 to 9 Respective responsibilities of the Trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is necded. It is my responsibility to: Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act). and state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out tn accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in thc accounts, and seeking explanations from you as trustees concerning any such matters. 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 true and fair view" and the report is limited to those matters set out in the statement below. Independent examiDer's statement In connection with my examination, no matter has come to my attention: ( l ) which gives me rcasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with section 130 the Companies Act. and To prepare accounts which accord with the accounting records, comply with thc accounting requirements set out in the Charities (Accounts and Reports) Regulations 2008 other than any and with the methods and principles of the Statement of Recommended Practicc.. Accounting and Reporting by Charities havc not been m¢t" or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the aLcount to be reached. Dated:15 Octobcr 2024 Ranjit Singh Sokhi F Sokhi & Asso Chartere rtified Accountants 86B ert Road Essex IGI IHR Page
REDBRIDGE GUJRATI WELFARE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustccs present their annual report for the year ended 31 March 2024 under the Charities Act 201 I, togcth¢r with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005. Structure, Governance and Management Governing document The charity is governcd by its Trust deed and constitutes an unincorporated charity. Financial review Approved by the trustees on 15 October 2024 signed on its behalf by: Mr S M Patel Trustee Pagc 2
REDBRIDGE GUJRATI WELFARE ASSOCIATION BALANCE SHEET AT 31 MARCH 2024 Note 2024 2023 Tangible fixed assets Tangible assets 955 1,228 Current assets Debtors Bank Accounts Cash Accounts 20,730 237,937 106 20,730 222,603 493 258,773 243,826 Creditors Amounts falling due within one year 43,645 43,144 Net current assets 215,128 200,682 Total assets less current liabilities 2 16,083 201,910 Net assets £216,083 £201,910 Capital funds Restricted funds Unrestricted funds 18,821 197,262 18,821 183,089 Total funds £216,083 £201,910 Approved by the trustees on 15 October 2024 and signed on its behalf. MrJ hacker The annexed notes forn] part of these financial statements. Page 3
REDBRIDGE GUJRATI WELFARE ASSOCIATION STATEIIqENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Rest'd Income Funds Total Funds 2024 Total Funds 2023 Unrest'd Funds Incoming resources Incoming Resources from generated funds.. Charitable activities Lon Borough of Redbridge 17,316 16,016 Donations & Icgacies 47,243 47,243 35,909 Other trading activities Investment income 90,545 4,404 90,545 4,404 18,053 1,038 142,192 17,316 159,508 71,016 Total incoming resources 142,192 17,316 159,508 71,016 Resources expended Costs of generating funds 119,385 119,385 57,739 Charitable activities 17,316 17,316 16,016 General Costs 8,634 8,634 10,842 Total resources expended 128,019 17,316 145,335 84,596. Net movement in funds 14,173 14,173 (13,580) Total funds brought forward £ 183,088 £18,821 £201,910 215,490 Total fuDds carried forward £ 197,261 £18,821 £216,083 £201,910 Details of Incoming resources and resources used are given in the notes to the financial statements. Pag¢ 4
REDBRIDGE GUJRATI WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expectcd useful life, as follows: Fixtures & Fittings 15 % reducing balance Computer equipment_ 25 % reducing balance basis Fund accounting General funds are unrestricted funds which are available for use at the discrction of the trustees for particular purposes. the aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raiscd by the charity for particular purposes. the cost of raising and administering such funds are charged against the specific fund. the aim and use of each restricted fund as set out in the notes to the financial statements. Income 2024 Total Funds 2023 Total Funds Unrestricted Funds Restricted Funds London Borou Mcmbershi Misc. Collections Tri s Collecttons Arti h of Redbrid 17,316 17,316 6,483 39,254 90,545 1,506 16,016 6,658 29,251 16.455 1,598 6,483 90,545 1,506 137,788 17,316 155,104 69,978 Investment IDcome & Gains 2024 2023 Bank Interest 4,404 1,038 Page 5
REDBRIDGE GUJRATI WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets Plant and Machinery Cost.. At l April 2023 17,287 At 31 March 2024 17,287 Dcpreciation: At l April 2023 Charge for the year 16,059 273 At 31 March 2024 16,332 Net book value: At 31 March 2024 £ 955 At 31 March 2023 £ 1,228 Debtors and prepayments Amounts falling du¢ within one year.. 2024 2023 Sundry Debtors 20,730 20,730 Page 6
REDBRIDGE GUJRATI WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31]IIARCH 2024 Creditors Amounts falling due within one year:_ 2024 2023 Trade Creditors Sundry Creditors 36,000 7,645 36,000 7,144 £ 43,645 £ 43,144 Pagc 7
REDBRIDGE GUJRATI WELFARE ASSOCIATION DETAILED TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Incoming resources 2024 2023 Membership Fees, Collections & Donations Trips Grants 47,243 90,545 17,316 37,507 16,455 16,016 155,104 69,978 Investment income Bank Interest 4,404 1,038 Total Income 159,508 71,016 Overheads 2024 2023 Rent for Ccntres Printing, Postagc and Advertising Telephones and Fax Insurance Food, Beverages and Consumables Coach Trips & Cultural Events Legal & Professional Fees Bank Charges Sundry Repairs & Maintenance Staff Welfare Wages & Salaries Depreciation Charitable donations Accountancy 19,108 229 703 96 29,859 89,527 35 46 21,429 645 637 218 26,506 29,374 171 56 1,303 2,609 356 793 500 1,938 660 2,005 273 357 500 Total Overheads 145,336 84,597 (Lo$s)rOfit on ordinary activities £ 14,172 £ (13,581) Page 8