CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteeslmembers of Dr Moosaji D M Lockhat Charitable Trust On accounts for the year ended 31 March 2025 Charity no (If any) 1078165 Set out on pages 3&4 I report to the trustees on my examination of Ihe accounts of the above charity ("the Trust.) for the year ended 31 March 2025. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (°the Act°>. I report in respect of my exarnination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm no other matters have come to attention that giving me cause to believe that in any material respect.. Independent examiner's statement 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. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Gareth Jones for Deans (Staffordshire) Ltd Relevant professional qualification(s) or body (if any>: Association of Certified Chartered Accountants Address: Deans (Staffordshire) Ltd Gibson House, Hurricane Court, Hurricane Close, Stafford ST16 1GZ
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidan for examiners). Give here brief details of any items that the examiner wishes to disclose.
CHARITY COMMISSION FOR ENGLAND AND WALES Charity Name Dr Moosaji D M Lockhat Charltable Trust No lif any) 1078165 Recei ts and ments accounts CC16a For the period from Period start date To Period end date 31.03.2025 01.04.2024 Section A Receipts and payments Unrestrictod fund5 to the nearest Restricted funds Endowment funds Total funds Last year to thè n•arest £ to the nearost £ to the nèarest £ to th• ngar8St £ A1 Receipts Donations HMRC GiftAid Interest Rental income Insurance daim Council lax refund 17,500 105 1,978 13.073 S.122 3,489 6.276 1.761 29.107 6,276 total ross Income or AR) 67,144 67.144 41.267 A2 Asset and investment sales. (see table). Sub total Total receipts 67,144 67,144 41.267 A3Pa ments Donations Rental prope Bank charges Aecounlan 2,963 9,282 130 852 2,9£3 9,282 130 852 2,450 4,818 15 1.410 expenses Sub total 13,226 13,226 8,693 A4 Asset and investment urchases, see tsble Investment ro urchase 106 375 106 375 Sub total 106,375 106,375 Total payments 119,601 119,601 8.693 Net of receipts/(payments) A5 Transfers between funds Exchange rate movements Prior year balance adjustment A6 Cash funds last year end Cash funds this year end {52,4571 152,457) 32.574 208,365 155,908 208,36S 155.908 175,791 208,365
Section B Statement of assets and liabilities at the end of the period Unrestricted fund5 to nearest £ Restricted funds to npare5t £ Endowment funds to nearest £ Categories Details B1 Cash funds Lloyd512 accounts) 155,883 Union Bank held on Trust 10 Co-op bank held on Trust 1S Total cash funds 155,908 {age balances reip1S and payments accountlsl} Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to n•ar8st £ Details Fund towhlch asset bglon unrestricted Current valu¢ tional Details Investrnenl properties Cost (optlonall 375,358 B3 Investment assets Fund towhich a55et belon Currènt value tional Details Cost (optionall B4 Assets retained for the charity's own use Fund towhlch r¢lato$ Amount duo tional Wh8n dug tional Details B5 Liabilities Signed by one or trustees on behalf of all the Iruslees Date of roval Signature Prinl Name c.lc
Trustees. Annual Report for the period Period start date Period end date From ,2024 .] To 31 Reference and administration details l March Section A Charity name Dr Moosaji D M Lockhat Charitable Trust Other names charity is known by Registered charity number (if any) 1078165 Charity's principal address 22 Middleburg Close Whitestone Nuneaton Postcode Cvll 6PZ Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office lif any) Name of person (or body} entitled to a oint trustee ifan Dr Moosaji Lockhat Dr Farhana Lockhat Dr Hasseena Lockhat Saleem Clegg Mr Iqbal Dadabhai 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Declaration of trust dated l June 1999 as amended by supplemental deed dated 14 October 1999 Type of governing document ji . trLibl deeu. 'oristitulioii I How the chartty is constituted Cha ritable Trust Trustee selection methods (Lq appoiited by, elected bi I Appointed by existing trustees Additional governance issues (Optional information) You may choose lo include additional information. where relevant, about: policies and procedures adopted for the induction and training of trustees- the charity's organisational structure and any wider network with which the charity works,. relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities Charity for third world countrie5 especially India particularly health and education. Provision of Hospital Services and clean water Summary of the objects of the charity set out in its governing document TAR March 2012
The trustees have had regard to the guidance issued by the Charity Commission on public benefit. The trust has six properties and rent is one of the sources of the tru5Ys income, along with donations. The trust is also in the process of purchasing another, giving the trust a sound footing and generating a healthy yearly income to be used for charitable donations. There have been no major donations this year. Summary of the main activities undertaken for the publi benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Past major developments D.M. Lockhat Hospital based in Surat, India, which was opened in 2011 by the D.M Lockhat family and associates, though a contribution of £300,000. This hospital was running successfully until the calamity of COVID-19 in 2022. The trustee5 of the hospital who managed it, based in Surat, were unable to travel abroad due to travel restrictions of the pandemic. This coupled with increasing hospital admissions due to the pandemic, resulted in the closure of the hospital some 12 months ago as expenditure well-exceeded income. This has come as a major blow to the local poor community, who relied on the facilities of the hospital, and now may must travel further to access necessary medical care, especially pregnant and in need of speciali5ed attention. In order to re-open, the hospital requires £IOO,000 to bring it back up to a good standard and re- employ staff. The Trust will look to see how this is facilitated over the coming year. When the hospital was initially being opened in 2011- in 2009110- myself, and my wife {who at that time was also a tru5teel, went personally to South Africa, Mauritius. and Reunion, as well as collecting a fund in the UK. However, due to personal ill health and age, l am now unable to travel abroad in order to personally collect funds. I hope that at some point in the near future we are able to find some significant donors, in order to reopen the hospital soon and ease the suffering of the local community. Additional details of objectives and activities (Optional information) You may choose to include further statements, where relevant, about: policy on grantmakin policy programme related investment., contribution made by volunteers. TAR March 2012
Section D i$¥ t i. Achievements and performance Summary of the main achievements of the charity during the year Summary of the major activities of the past 18 months The Mrs Z Lockhat Science Academy which opened in 2018, from which some students have already graduated and attended Surat University, has been a successful project. Other donations include scholarships to higher education, which include board, lodgin8s, and school fees for poor girls and boys is continuing. Mass weddings, including dowry, in the last year around 40 marriages were held. Tailoring and computing classes for older women are continuing well. TAR March 2012
Section E Financial review The charity now has cash resetves in excess of £155,000 and together with the annual property income and donations there is sufficient funding to support its objectives for the foreseeable future including the objective to increase revenues with the continued investment in rental properties. Brief statement of the charity's policy on reserves Details of any funds materially in deficit Further financial review details (Optional information The charity operates with funding from regular donations made from the Lockhat family and rental income from a portfolio of 6 properties in the UK. You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. The charity wi15 continue to provide grants to support medical and welfare needs in India. The charity has fixed investments in domestic property in the UK, these are held to provide regular and long term funding to meet the charitls objects. Cash reserves are held in low risk bank accounts in the UK. The charity 15 planning on using reserves to buy additional properties and to build up more sustainable income for the charity to meet its objectives in future years. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretsry, Chair. etc) sYts6 Date TAR March 2012