REGISTERED CHARITY NUMBER: 1091275 Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2024 for The Desai Charity Famity Trust DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
The Desai Charity Family Trust Contents of the Financial Statements for the Year Ended 5 April 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Artivities
The Desai Charity Family Trust Report of the Trustees for the Year Ended 5 April 2024 The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. 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 Registered Charity number 1091275 Principal address Old Oaks Packhorse Road Gerrards Cross Buckinghamshire SL9 8JF Trustee5 A L Desai Dr S A Desai Independent Examiner DUX Advi50ry Limited Chartered Accountants Kennel Club House Gatehouse Way Ayle5bury Buckinghamshire HP19 8DB Approved by order of the board of trustees on 27 November 2024 and signed on its behalf by: A L Desai - Trustee Page I
Independent Examiner's Report to the Trustees of The Desai Charity FamilyTrust Independent examiner's report to the trustee5 of The Desai Charity Family Trust I report to the charity trustees on my examination of the accounts of The Desai Charity Family Trust Ithe Trust) for the year ended 5 April 2024. Responsibilitie5 and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Settion 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records- or 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 2)8 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Katherine Parsey FCA CTA DUX Advi50ry Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Butkinghamshire HP19 8DB 27 November 2024 Page 2
The Desai Charity Family Trust Statement of Financial Artivities for the Year Ended 5 April 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 82,751 21,635 Investment income 535 275 Total 83,286 21,910 EXPENDITURE ON Charitsble activities Grants and donations 64,440 11,742 Other 1,920 275 Total 66,360 12,017 NET INCOME 16,926 9,893 RECONCILIATION OF FUNDS Total funds brought forward 38,468 28,575 TOTAL FUNDS CARRIED FORWARD 55,394 38,468 The notes form part of these financial statements Page 3
The Desai Charity Family Trust Balance Sheet 5 April 2024 5.4.24 Unrestricted fund 5.4.23 Total funds Notes CURRENT ASSETS Debtors Cash at bank 12,5¢XI 56,156 51,100 68,656 51,100 CREDITORS Amounts falling due within one year 113,2621 112,6321 NET CURRENT ASSETS 55,394 38,468 TOTAL ASSETS LESS CURRENT LIABILITIES S5,394 38,468 NET ASSETS 55,394 38,468 FUNDS Unrestricted funds 55.394 38,468 TOTAL FUNDS 55,394 38,468 The financial statements were approved by the Board of Trustees and authorised for issue on 27 November 2024 and were signed on its behalf by- A L Desai - Trustee The notes form part of these financial statements Page 4
The Desai Charity Family Trust Notes to the Financial Statements for the Year Ended 5 April 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for or) an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a basi5 con51Stent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxation The charity is exempt from tax on it5 charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrirted purposes within the objects of the charity. 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. INVESTMENT INCOME 5.4.24 5.4.23 Deposit account interest 535 275 Page 5 continued...
The Desai Charity Family Trust Notes to the Financial Statements - continued for the Year Ended 5 April 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Trustee5' expen5e5 There were no trustees, expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1vlEs Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 21,635 Investment income 275 Total 21,910 EXPENDITURE ON Charitsble activities Grants and donations 11,742 Other 275 Total 12,017 NET INCOME 9,893 RECONCILIATION OF FUNDS Total funds brought forward 28,575 TOTAL FUNDS CARRIED FORWARD 38,468 Page 6 continued...
The Desai Charity Family Trust Notes to the Financial Statements - continued for the Year Ended 5 April 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other debtors 12,500 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other creditors 13,262 12,632 MOVEMENT IN FUNDS Net movement in funds At 5.4.24 At 6.4.23 Unrestrirted funds General fund 38,468 16,926 55,394 TOTAL FUNDS 38.468 16,926 55.394 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 83.286 166.3601 16.926 TOTAL FUNDS 83.286 166,3601 16.926 Comparatives for movement in funds Net movement in funds At 5.4.23 At 6.4.22 Unrestricted funds General fund 28.575 9.893 38.468 TOTAL FUNDS 28,575 9,893 38,468 Page 7 continued...
The Desai Charity Family Trust Notes to the Financial Statements - continued for the Year Ended 5 April 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 21.910 (12.0171 9.893 TOTAL FUNDS 21,910 112,0171 9,893 REL4TED PARfi DISCLOSURES There were no related party transactions for the year ended 5 April 2024. Page 8