REGISTERED CHARITY NUMBER: 1069876
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
G.P.GANATRA CHARITABLE TRUST
Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ
G.P.GANATRA CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Page |
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Report of the Trustees |
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1 |
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Independent Examiner's Report |
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2 |
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Statement of Financial Activities |
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3 |
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Balance Sheet |
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4 |
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Notes to the Financial Statements |
5 |
to |
9 |
Detailed Statement of Financial Activities |
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10 |
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G.P.GANATRA CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
The Trustees submit their report together with the accounts for the year ended 31st March 2024.
The Trust was formed on 30th December 1997 and its principal objects are:
l. To provide relief for the poor, the handicapped, the disabled, the sick and the aged.
2. The advancement of education.
3. The advancement of religion.
4. To provide relief for victims of disasters.
The Trust was registered as a charity on 2nd June 1998 under the charity registration number 1069876.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Approved by order of the board of trustees on 17 July 2025 and signed on its behalf by:
M G Ganatra - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
G.P.GANATRA CHARITABLE TRUST
Independent examiner's report to the trustees of G.P.Ganatra Charitable Trust
IreporttothecharitytrusteesonmyexaminationoftheaccountsofG.P.GanatraCharitableTrust(theTrust)forthe year
ended 31 March 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ashok Mukundlal Shah FCCA
Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ
17 July 2025
Page 2
G.P.GANATRA CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
EXPENDITURE ON
Raising funds
3
Charitable activities
Donations
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
31.3.25
Unrestricted
funds
£
66,219
1,448
5,292
6,740
59,479
1,010,031
1,069,510 |
31.3.24
Total
funds
£
1,974
-
4,761
4,761
(2,787)
1,012,818
1,010,031 |
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|
|
The notes form part of these financial statements
Page 3
G.P.GANATRA CHARITABLE TRUST
BALANCE SHEET
31 MARCH 2025
Notes
FIXED ASSETS
Investments
7
CURRENT ASSETS
Investments
8
Cash at bank
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
9
Unrestricted funds
TOTAL FUNDS |
31.3.25
Unrestricted
funds
£
318,333
50,000
701,177
751,177
751,177
1,069,510
1,069,510
1,069,510
1,069,510 |
31.3.24
Total
funds
£
315,000
46,813
648,218 |
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|
695,031 |
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|
695,031 |
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|
1,010,031 |
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|
1,010,031 |
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|
1,010,031 |
|
|
1,010,031 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon17July2025andwere signed
on its behalf by:
M G Ganatra - Trustee
The notes form part of these financial statements
Page 4
G.P.GANATRA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexceptionof investments
which are included at market value.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthe charity
tothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandthe amount
oftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
INVESTMENT INCOME |
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|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Dividend |
- |
1 |
Deposit account interest |
66,219 |
1,973 |
|
66,219 |
1,974 |
continued...
Page 5
G.P.GANATRA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
3. RAISING FUNDS
Investment management costs
4.
Investment management costs |
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|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Support costs |
1,448 |
- |
SUPPORT COSTS |
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|
|
|
Information |
|
|
technology |
|
|
£ |
Investment management costs |
|
1,448 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Investment income
EXPENDITURE ON
Charitable activities
Donations
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
1,974 |
|
4,761 |
|
(2,787)
1,012,818 |
|
1,010,031 |
continued...
Page 6
G.P.GANATRA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024
Additions
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
CURRENT ASSET INVESTMENTS
Loan to LCSL
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.24
£
1,010,031
1,010,031
Incoming
resources
£
66,219
66,219 |
|
31.3.25
£
50,000
Net
movement
in funds
£
59,479
59,479
Resources
expended
£
(6,740)
(6,740) |
|
Listed
investments
£
315,000
3,333
318,333
318,333
315,000
31.3.24
£
46,813
At
31.3.25
£
1,069,510
1,069,510
Movement
in funds
£
59,479
59,479 |
|
|
|
|
|
|
8. CURRENT ASSET INVESTMENTS
9.
continued...
Page 7
G.P.GANATRA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
1,012,818
1,012,818 |
Net
movement
in funds
£
(2,787)
(2,787) |
At
31.3.24
£
1,010,031 |
|
|
|
1,010,031 |
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
1,974 |
(4,761) |
(2,787) |
TOTAL FUNDS |
1,974 |
(4,761) |
(2,787) |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
1,012,818
1,012,818 |
Net
movement
in funds
£
56,692
56,692 |
At
31.3.25
£
1,069,510 |
|
|
|
1,069,510 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
68,193 |
(11,501) |
56,692 |
TOTAL FUNDS |
68,193 |
(11,501) |
56,692 |
continued...
Page 8
G.P.GANATRA CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 9
G.P.GANATRA CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
|
31.3.25 |
31.3.24 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Dividend |
- |
1 |
Deposit account interest |
66,219 |
1,973 |
|
66,219 |
1,974 |
Total incoming resources |
66,219 |
1,974 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Various Donations |
3,840 |
2,057 |
FHA Donation |
300 |
200 |
Raghuvanshi Association |
452 |
1,452 |
Akshaya Patra Foundation |
350 |
151 |
St Christopher |
350 |
201 |
Hanumanji Mandir Paduka |
- |
700 |
|
5,292 |
4,761 |
Support costs |
|
|
Information technology |
|
|
Professional fees relating to financial advice |
1,448 |
- |
Total resources expended |
6,740 |
4,761 |
Net income/(expenditure) |
59,479 |
(2,787) |
This page does not form part of the statutory financial statements
Page 10