REGISTERED CHARITY NUMBER". 1091275 Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2025 The Desai Family CharityTrust DUX Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
The Desai Farnity Charity Trust Report of the Trustees for the Year Ended 5 April 2025 The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Rewrting by Charities- Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES Objectives and aims The objectives of the charity as per its governing document are= - To advance education,. - To further such other charitable purposes as the trustees may decide. In setting objectives and planning for artivities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. Significant artivities The Trustees undertake to give grants to other charitable bodies in order to achieve 5 objectives. Grants given are at the full discretion of the Trustees, who hold regular meetings to discuss potential grant giving opportunities. Public benefit The charity undertakes to further its purposes for the public benefit through the giving of grant5 to other charitable bodies as it sees fit. ACHIEVEMENTS AND PERFORMANCE Charitable activities The Charity has continued with its grant giving programme during the year, giving a total of 17 grants totalling £138,48612024: £64,440). FINANCIAL REVIEW Financial position The Charity had total income for the year of £133,59812024.. £83.2861 comprising of £130,92612024.. £82,751) from 'donations and gift aid, and £2,672 12024.. £5351 from investment intome. Expenditure totalled £141,806 12024.. £66,360) consisting of £138.48612024.. £64.4401 on grant5 and £3.32012024= £1.9201 on support COSts. All income and expenditure for both 2025 and 2024 was unrestricted. Funds carrie¢J forward totalled £47,18612024: £55,394), all of which were unrestritted. Reserves policy The Charity held unrestricted funds at the end of the year of E47.18612024.' £55,394). These reserves are considered adequate by the Trustees, and will allow the charity to continue making grants in the next financial period. In view of the nature of the charity, the Trustees are satisfied that no formal level of reserves are required, 35 grants are only made when there are available funds, and the charity does not have any liabilities to make grants. Going concern The Charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the Charity had a healthy net asset position at the year end. The Trustees therefore consider that based on the circumstances existing at the date of signature of the accounts the charity is a going concern. This basis is adopted within these accounts. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing docurnent The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. Page I
The Desai Farnity Charity Trust Report of the Trustees for the Year Ended 5 April 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1091275 Principal address Old Oaks Packhorse Road Gerrards Cross Buckinghamshire SL9 8JF Trustees A LDesai Dr S A Desai Independent Examiner Katherine Parsey FCA CTA DUX Advisory knmited Chartered Accountants Kennel Club House Gatehouse Way Ayle5bury Buckinghamshire HP19 8DB Approved by order of the board of trustees on 5 January 2026 and signed on its behalf by-. A L Desai - Trustee Page 2
Independent Examiner'5 Report to the Trustee5 of The Desai Family CharityTru5t Independent examiner's report to the trustees of The Desai Family Charity Trust I report to the charity trustees on my examination of the accounts of The Desai Family Charity Trust (the Trust) for the year ended 5 April 2025. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 Ilhe Act'l. I report in respect of my examination of the Trust's accounts carried OLrt under Section 145 of the Act and in carrying OLrt my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner'5 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 respert.. 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 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. 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 Advisory Mited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB 5January 2026 Page 3
The Desai Farnity Charity Trust Statement of Financial Artivities for the Year Ended 5 April 2025 5.4.25 Unrestricted fund 5.4.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 130,926 82,751 Investment income 2,672 535 Total 133,598 83,286 EXPENDITURE ON Charitable artivities Supporting Good Causes 141,806 66,360 NET INCOMEIIEXPENDITURE) 18,2081 16,926 RECONCILIATION OF FUNDS Total funds brought forward 55,394 38,468 TOTAL FUNDS CARRIED FORWARD 47,186 55,394 The notes form part of these financial statements Page 4
The Desai Farnity Charity Trust Balan Sheet 5 April 2025 5.4.25 Total funds 5.4.24 Total funds Notes CURRENT ASSErs Debtors Cash at bank 7,500 52,493 12,500 56,156 59,993 68,656 CREDITORS Amounts falling due within one year 112,8071 113,2621 NET CURRENT ASS5 47,186 55,394 TOTAL ASSETS LESS CURRENT LIABILITIES 47,186 55,394 NET ASSErs 47.186 55,394 FUNDS Unrestricted funds io 47,186 55,394 TOTAL FUNDS 47,186 55.394 The financial statements were approved by the Board of Trustees and authorised for issue on 5 January 2026 and were signed on its behalf by: A L Desai - Trustee The notes form part of these financial statements Page 5
The Desai Farnity Charity Trust Note5 to the Financial StstementS for the Year Ended 5 April 2025 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 (effective 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. Incorne 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 rognIsed 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 on 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 activities on a basis consistent with the Use of resources. Grant5 offered subjert 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 its 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 restricted purposes within the objerts 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. DONATIONS AND LEGACIES 5.4.25 Unrestricted funds 5.4.24 Total funds Donations Gift aid 123,426 7,5(Y) 70,251 12,500 130,926 82,751 Page 6 continued...
The Desai Farnity Charity Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2025 INVESTMENT INCOME 5.4.25 Unrestricted fund5 5.4.24 Total funds Deposit account interest 2,672 535 CHARITABLE A1VITIEs COSTS Grant funding of activities Support costs (see note 51 Totals Supporting Good Causes 138,486 3,320 141,806 SUPPORT COSTS Governance costs Finance Totals Supporting Good Causes 2,281 1,039 3,320 TRUSTEES, REMUNERATION AND BENEFttS There were no trustees, remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 82.751 Investment income 535 Tot31 83,286 EXPENDITURE ON Charitable artNities Supporting Good Causes 66,360 INCOME 16,926 RECONCILIATION OF FUNDS Total funds brought forward 38,468 Page 7 continued...
The Desai Farnity Charity Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES- continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 55,394 DEBTORS: Amour5 FALLING DUE WH1N ONE YEAR 5.4.25 5.4.24 Gift aid 7,5(XJ 12,500 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.25 5.4.24 Loan from Trustee Accrued expenses 11,732 1,075 11,732 1,530 12,807 13.262 io. MOVEMENT IN FUNDS Net movement in funds At 5.4.25 At 6.4.24 Unrestrirted fvnds General fund 55,394 8,2081 47,186 TOTAL FUNDS 55,394 18,2081 47,186 Net movement in funds, included in the above are as follows- Incoming resoijrces Resources expended Movement in funds Unrestrirted fvnds General fund 133,598 1141,8061 18,2081 TOTAL FUNDS 133,598 1141,8061 18,2081 Page8 continued...
The Desai Farnity Charity Trust Notes to the Financial Statements- continued for the Year Ended 5 April 2025 io. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 5.4.24 At 6.4.23 Unrestricted funds General fund 38,468 16,926 55,394 TOTAL FUNDS 38,468 16,926 55,394 Comparative 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 ii. RELATED PARTY DISCLOSURES During the year ended 5 April 2025, there was one related party transaction. A loan outstanding of £11,732 was due to A L Desai, a trustee of the charity. at the year end. The loan is repayable on demand and bears no interest. The same loan balance of £11,732 was outstanding at 5 April 2024. No other related party transactions occurred during the current or prior year. Page 9