THE GOLDCREST FOUNDATION REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Charity No. 1089085
THEG LDCREST FOUNDATION Annual Re ort for the ear ended 31 March 2026 The Goldcrest Foundalion is constituted by Deed of Trust and is a registered charity No. 1089085. Its address is 3 Hardman Street, 1 st Floor. Spinningfields Manchester M3 3HF. The charity trustees during the year to 31 March 2025 were'.- Mr Darshan Lal Chawla Mr Ravinder Chawla Mr Kulvinder Chawla Mrs Ranjit Chawla The object of the Charity is to provide.. 1) Aid to those in immediate need as a result of natural disaster(s} 2) Aid towards the maintenance refurbishment and rebuilding of Sikh and Hindu temples. The relief of financial hardship. 3) The unspent reserves at 31 March 2025 were £1,177,094. The trustees envisage these will be utilised in the near future by donating to worthy charitable causes. Darshan Lal Chawla Chairman On behalf of the Board . May 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOLDCREST FOUNDAT I report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 3 lo 4. CTIVE RESPONSIBILITIES OF THE TR TEES AND EXAMINER The charities trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit Is not required for thi5 year under section 14412} of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. a) examine the accounts under Section 145 of the 2011 Act FOR THE YEAR ENDED 31 MARCH 2025 Commission under section 145151 (bl of the 2011 Act; and c) to state whether particular matters have come to my attention. F INDEP NDENT EXAMINER'S REPORT My ex8mination was carried out in accordance with Ihe General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by Ihe 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 Truslees concèrning Sny such matterg. The procedures und8rtakan do not provide all the evidence that would be required in an audit, and consequently no opinion is giv8n as to whether the accounts present a'true and fair view, and the report is limited those matters Set out in the statement below. INDEPE T EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: Which give me reasonable cause to believe that in any maleTi31 respect the requirements: to keep accounting records in accordance wilh section 130 of the 2011 Act.. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or To which, in my opinion, attention should be drawn in order to enable proper understanding of th8 accounts lo be reached. b) 2) Devshi Chothani FCA DBF ASSOCIATES Chartered Accountants 10 Park Place Manchester M4 4EY May 2025
THEG LDCREST FOUNDATIION TATEMENT OF FINANCIAL ACTIVITIES 2025 2024 Incomlng Resources Donations Investment Income Total Incoming Resources 102.500 27,400 129,900 102.500 37,386 139,886 FOR THE YEAR ENDED 31 MARCH 2025 Charftable Resources Expended Donats'ons to Charities Bank charges Net Incoming Resources 60,000 100 69.800 15,000 24 124,862 Funds Bld 31 March 2024 Funds Clfvvd 31 March 2025 69 800 124,862 Balance Sheet as at 31 March 2025 2025 2024 Notes CURRENT ASSETS Cash at Current Account Cash at Deposit Account Othei debtors Loan to Goldcrest Distribution Ltd Loan to Goldcrest Finance Ltd Net Assels 11,092 11,192 307.500 713.516 144 986 1.177,094 265.000 691,516 139,586 1,107 294 FUNDS General purpose funds 1,177 094 1 107,294
THE GOLDCREST FOUNDATION 1) Accounting Policies These accounts have been prepared under the Historical Cost Convention and in accordance 1th applicable accounting standards and the Charities SORP. 2) Trustees, Remuneration and Expenses No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any trustees or to any person or persons known to be COnnted fjth any of them.