## **SPL TRUST**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
## **SPL TRUST**
## **Contents**
## **Page**
- 1 - 2 Trustees Report
- 3 - 4 Independent Examiner’s Report
## 5 - 8 Financial Statements
## **SPL Trust**
## **Annual Trustees Report Year ended 5[th] April 2023**
The Trustees present their Report for the year ended 5th April 2023.
The Trustees during the year were:
D. D. Shah V. O. Shah D. S. Mehta V. D. Shah
D. Parekh - appointed 15th March 2023
The Trust was established by Trust Deed dated 17[th] April 1997 and is registered with the Charity Commission Number 1063173. It was amended on 6 December 2005, 13 March 2006 and 1 September 2016.
The Trust’s address is 491 Stratford Road, Sparkhill, Birmingham, B11 4LE.
## _**Appointment of new trustees**_
The power of appointing new trustees of the charity is vested in the settlor and after the settlor’s death in such person or persons as the settlor shall by deed or deeds revocable or irrevocable or by will or codicil appoint.
Total number of trustees shall not be less than three and not more than eight.
## _**Objects:**_
The Trust is established to provide assistance to those who are in conditions of need, hardship or distress, in any part of the world; the advancement of education of children; the provision of or assistance in the provision of facilities for recreation or other leisure time occupation
## **Review of Progress and Achievement**
During the last year the Trust continued to meet some of the needs of the ‘Scheduled Tribes’ in India and education projects in Kenya and UK. The Trustees have agreed to continue supporting the projects in India for at least another year.
## **Finances**
The attached financial statements show the state of affairs as at 5[th] April 2023. The Trust had £375,274 (2022 - £374,523) in the Trust Bank Accounts at 5[th] April 2023.
3
## **SPL Trust**
**Annual Trustees Report Year ended 5[th] April 2023**
## **Reserves**
Reserves are maintained to meet current and future commitments.
The Trust’s Bankers are State Bank of India, and Lloyds plc.
The Independent Examiner is T.K.Bone ACMA of Portfolio Accountants Ltd, Chartered Accountants.
4
## **SPL Trust**
**Annual Trustees Report Year ended 5[th] April 2023**
## **Independent Examiner’s Report to the Trustees of SPL Trust**
I report on the accounts of the Trust for the year ended 5th April 2023 which are set out on pages 5 to 8.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts and the charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Charities Act;
To follow the procedures laid down in the general directions given by the Charity Commissioners under section 145(5) (b) of the 2011 Act; and
To state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the 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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) Which gives me reasonable cause to believe that in any material respect the requirement
5
## **SPL Trust**
## **Annual Trustees Report Year ended 5[th] April 2023**
- To keep accounting records in accordance with section 130 of the 2011 Act; and
- To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
- 2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Tim Bone Portfolio Accountants Limited CHARTERED ACCOUNTANTS DATE:** 13th October 2023
9 Shottery Brook Office Park Timothy's Bridge Road Stratford Upon Avon CV37 9NR
6
## **SPL TRUST**
## **Statement of Financial Activities - Receipts and Payments for the year ended 5 April 2023**
|**Note**
**Incoming resources**
Incoming resources from
voluntary income
**2**
Incoming resources - Other
**3**
**Total incoming resources**
**Resources expended**
Management and Administration
Charitable activities
Trust anniversary costs
Governance Cost
Rental expenses
**Total resources expended**
**4**
**Net movement in funds**
_Reconciliation of funds:_
Total funds brought forward
**Total Funds carried forward**|**Unrestricted**
**Funds**
**£**
11,100
19,979
**31,079**
35
22,762
478
7,054
**30,328**
**751**
604,523
**605,274.30**|**Restricted**
**Funds**
**£**
-
-
**-**
**-**
**-**
-
**-**|**Total**
**Funds**
**2022**
**£**
11,100
19,979
**31,079**
35
22,762
-
478
7,054
**30,328**
**751**
604,523
**605,274**|**Total Funds**
**2021**
**£**
14,085
7,103|
|---|---|---|---|---|
|||||**21,188**|
|||||98
26,673
886
360
2,410|
|||||**30,426**|
|||||**(9,238)**
613,762|
|||||**604,523**|
7
## **SPL TRUST Balance Sheet for the year ended 5 April 2023**
**----- Start of picture text -----**
Note 2023 2022
£ £ £ £
Fixed assets:
Tangible assets 8 230,000 230,000
Current assets:
Debtors 5 - -
Cash at bank and in hand 375,274 374,523
Total current assets 375,274 374,523
Total current assets 375,274 374,523
Net assets 605,274 604,523
The funds of the charity: 5
Unrestricted funds:
- -
Designated funds
General funds 605,274 604,523
Total unrestricted funds 605,274 604,523
Restricted income funds - -
Total charity funds 605,274 604,523
The notes at pages 7 and 8 form part of these accounts
Approved by the trustees and signed on their behalf by:
D D Shah V D Shah
TRUSTEE TRUSTEE
DATE:
**----- End of picture text -----**
8
## **SPL TRUST Notes to the accounts for the year ended 5 April 2023**
## **1. Accounting policies**
## **(a) Basis of preparation**
The financial statements have been prepared on a cash basis.
## **(b) Funds structure**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
## **(c) Donations and voluntary income**
All donations and voluntary income are accounted for gross when received.
## **(d) Charitable activities**
Charitable expenditure comprises those costs incurred and paid by the charity in the delivery of its activities and services for its beneficiaries.
## **(e) Taxation**
SPL Trust is registered as a charity with Charity Commission, and in accordance the provsions of Section 505, Income and Corporation Tax Act 1988, is exempt from liability for taxation.
## **2. Incoming resources from voluntary income**
|Gifts and Donations
**Total**
**3. Incoming resources - Other**
Gift Aid tax recovered
Bank interest received
Rental income|**Unrestricted**
**Funds**
**£**
11,100
**11,100**
**Unrestricted**
**Funds**
**£**
3,440
3,339
13,200
**19,979**|**Restricted**
**Funds**
**£**
**-**
**Restricted**
**Funds**
**£**
**-**|**Total**
**2023**
**£**
11,100
**11,100**
**Total**
**2023**
**£**
3,440
3,339
13,200
**19,979**|**Total**
**2022**
**£**
14,085|
|---|---|---|---|---|
|||||**14,085**|
|||||**Total**
**2022**
**£**
2,975
1,954
2,173|
|||||**7,103**|
9
## **SPL TRUST**
## **Notes to the accounts for the year ended 5 April 2023**
## **4. Resources expended**
|Management and
Administration - bank charges
Governance Costs - Accountancy
Anniversary costs
Rental expenses
**Charitable activities:**
Charitable service projects in India
Charitable service projects in Uganda
Charitable service projects in Pakistan
Charitable service projects in UK
Charitable service projects in Kenya|**Unrestricted**
**Funds**
**£**
35
478
-
7,054
10,417
100
4,444
7,800
-
**30,328**|**Restricted**
**Funds**
**£**
-|**Total**
**Total**
**2023**
**2022**
**£**
**£**
**35**
**322**
**478**
**360**
**-**
**886**
**7,054**
**2,410**
**10,417**
**14,898**
**100**
**-**
**4,444**
**7,800**
**6,550**
**-**
**5,000**
**30,328**
**30,426**|
|---|---|---|---|
## **5. Analysis of charitable funds**
|**Analysis of**
**Funds movements**
**Unrestricted funds:**
Unrestricted general funds|**Balance**
**b/fwd**
**£**
604,523
**604,523**|**Incoming**
**resources**
**£**
31,079
**31,079**|**Resources**
**Fund**
**expended**
**c/fwd**
**£**
**£**
30,328
605,274
**30,328**
**605,274**|
|---|---|---|---|
10