SPL TRUST
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
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SPL TRUST
Contents
Page
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1 - 2 Trustees Report
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3 - 4 Independent Examiner’s Report
5 - 8 Financial Statements
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SPL Trust
Annual Trustees Report
Year ended 5th April 2025
The Trustees present their Report for the year ended 5th April 2025
The Trustees during the year were:
D. D. Shah
V. O. Shah
D. S. Mehta
V. D. Shah
D. Parekh
The Trust was established by Trust Deed dated 17th 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 5th April 2025. The Trust had £372,514 (2024 - £362,297) in the Trust Bank Accounts at 5th April 2025.
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SPL Trust
Annual Trustees Report
Year ended 5th April 2025
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 Adrian Holles, FCA of TAG Accountants Group Ltd, Chartered Accountants.
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SPL Trust
Annual Trustees Report
Year ended 5th April 2025
Independent Examiner’s Report to the Trustees of SPL Trust
I report on the accounts of the Trust for the year ended 5th April 2025 which are set out on pages 7 to 10.
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.
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SPL Trust
Annual Trustees Report
Year ended 5th April 2025
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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1) Which gives me reasonable cause to believe that in any material respect the requirement
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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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.
Adrian Holles FCA
TAG Accountants Group Ltd
CHARTERED ACCOUNTANTS DATE: 14th November 2025 9 Shottery Brook Office Park
Timothy's Bridge Road
Stratford Upon Avon
CV37 9NR
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SPL TRUST
| SPL TRUST | |||
|---|---|---|---|
| Statement of Financial Activities - Receipts and Payments for the year ended 5 April 2025 Unrestricted Funds Note £ Incoming resources Incoming resources from voluntary income 2 5,800 Incoming resources - Other 3 29,063 Total incoming resources 34,863 Resources expended Management and Administration 45 Charitable activities 20,978 Governance Cost 602 Rental expenses 3,021 Total resources expended 4 24,646 Net movement in funds 10,217 Reconciliation of funds: Total funds brought forward 592,297 Total Funds carried forward 602,514 |
Restricted Funds £ - - - - - - - |
Total Funds 2 £ 5,800 29,063 34,863 45 20,978 602 3,021 24,646 10,217 592,297 602,514 |
Total Funds 2023 £ 3,800 18,279 |
| 22,079 | |||
| 99 30,174 570 4,213 |
|||
| 35,056 | |||
| (12,977) 605,274 |
|||
| 592,297 |
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SPL TRUST Balance Sheet for the year ended 5 April 2025
| Note 2025 £ £ Fixed assets: Tangible assets 230,000 Current assets: Debtors - Cash at bank and in hand 372,514 Total current assets 372,514 Total current assets 372,514 Net assets 602,514 The funds of the charity: 5 Unrestricted funds: Designated funds - General funds 602,514 Total unrestricted funds 602,514 Restricted income funds - Total charity funds 602,514 The notes at pages 9 and 10 form part of these accounts Approved by the trustees and signed on their behalf by: D D Shah V D Shah TRUSTEE TRUSTEE DATE: |
2024 £ £ 230,000 - 362,297 362,297 362,297 592,297 - 592,297 592,297 - 592,297 |
2024 £ £ 230,000 - 362,297 362,297 362,297 592,297 - 592,297 592,297 - 592,297 |
|---|---|---|
| 592,297 | ||
| 592,297 - |
||
| 592,297 | ||
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SPL TRUST
Notes to the accounts for the year ended 5 April 2025
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 provisions 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 £ 5,800 5,800 Unrestricted Funds £ 950 12,423 15,690 29,063 |
Restricted Funds £ - Restricted Funds £ - |
Total 2025 £ 5,800 5,800 Total 2025 £ 950 12,423 15,690 29,063 |
Total 2024 £ 3,800 |
|---|---|---|---|---|
| 3,800 | ||||
| Total 2024 £ 2,725 1,004 14,550 |
||||
| 18,279 |
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SPL TRUST
Notes to the accounts for the year ended 5 April 2025
4. Resources expended
| Management and Administration - bank charges Governance Costs - Accountancy Rental expenses Charitable activities: Charitable service projects in India Charitable service projects in Sri Lanka Charitable service projects in Pakistan Charitable service projects in UK Charitable service projects in Africa |
Unrestricted Funds £ 45 602 3,021 4,850 1,000 3,976 3,802 7,350 24,646 |
Restricted Funds £ - |
Total 2025 £ 45 602 3,021 4,850 1,000 3,976 3,802 7,350 24,646 |
Total 2024 £ 99 570 4,214 9,880 - 4,009 10,285 6,000 |
|---|---|---|---|---|
| 35,057 |
5. Analysis of charitable funds
| Analysis of Funds movements Unrestricted funds: Unrestricted general funds |
Balance b/fwd £ 592,297 592,297 |
Incoming resources £ 34,863 34,863 |
Resources expended £ 24,646 24,646 |
Fund c/fwd £ 602,514 |
|---|---|---|---|---|
| 602,514 |
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