Registered number.. 05198651 Charity number. 1105534 THE LOHANA MAHAJAN IUKI TRUST ACCOUNTS FOR THE YEAR ENDED 3111212024
THE LOHANA MAHAJAN (UK) TRUST FINANCIAL STATEMENT8 FOR THE YEAR ENDED 3111212024 TRUSTEES Dhiren GADHIA Mahendra GOKANI Girish MASHRU SECRETARY Dhiren GADHIA REGISTERED OFFICE CIO Wasp's Repton Avenue Sudbury Wembley Middlesex HAO 3DW COMPANY NUMBER 05198851 CHARITY NUMBER 1105534 P8ge 1
THE LOHANA MAHAJAN IUKI TRUST ACCOUNTS FOR THE YEAR ENDED 3111212024 CONTENT8 Page Report of the Trustees Independent Examiners Statement Accountant's Report Statament of Financial Activitie8 Balance Sheet 10 Notes to the Accounts 11to 17 Detailed Statement of Financial Activities 15 page 2
THE LOHANA MAHAJAN IUKI TRUST FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT The tnjstees psent their report and accoLtnls for the year ended 3111212024 PRINCIPAL ACTIVITIES The principal activity of the charity in the year under review was Activities Of Religious Org8ni2ations STRUCTURE GOVERNANCE AND MANAGEMENT THE LOHANA MAHAJAN IU KI TRUST is constiluled as a charitable Irusl regIsted with the Charity Commission in May 2009 under charity number 11 D5534. MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED were incorporated on 5 AUGUST 2004 as well. Assoaalion consisting of 3 Trustees which are appointed or reappointed at the AGM ITBCI as soon as possible. Policies and procedures adopted for the induction and training of Iruytees Attend seminars and training as and when deemed necessary. Attend meeting and invite trustees from other charity organisalions. Networking with Iruslee5 from charitable organisations. Regular references lo publications from Charity Commission website. Charity's Org8ni53tional Structure PuBhti Parivar UK, Lions Club of Kingsbury. Rcligioug org8ni98tiong ond Voluntsry organigation3. Relationship with any related parties MAA Krupa Foundation, NCGO (National Congress of Guiarati Organisalionsl. Mahatma Gandhi Foundation IUKI, Sardar Patel Memorial Society ISPMSI, ISKON Charitable Trust, Om Shakli day Centre and other religiaus and charity inslilulions. Risk Management Racial hate crimes and Drug abuse in local and surrounding aas. Work with neighbourhood watGh, Residents Association, Local councils and the Police aUthorlIeS. Regular review of risk matrix and to ensure that systems and arrangements are in hand to manage the risks identified by the trust. Objectives and activities The objecllves of the charity 8re set and are surnrnari8ed as follows.. For such charitable purposes as the directors may from lime lo lime agree upon for the benefit of the Hindu Community and other member8 of the public, in particular but not exclusively by.. 11 The eslablishmenl of facilities for healthy sports, recreation and other leisure-time activities in thè interests of social welfare with a view lo improving the CDndilions of life of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances. 21 The relief of poverty. hardship and distre55 amongst members of Ihe Hindu Community, who are in need of such relief by reason of their youth, age, infimiily or economic circurnstance5. page 3
THE LOHANA MAHAJAN (UK) TRUST FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT 31 The advancement of public education including advancing the public's education in Hindu religion, culture and arts as well as in Hindu heritage ond culture to all, without discrirninating on the basis of caste. creed or religion. 41 The advancernenl of the Hindu religion. 51 Arranging Yoga Sessions every Wednesday & Thurgday'8 for the health benefits to the larger communities (average attendance 901100 people every weekl. Policy on Grant M8king', To apply and secure grants as and when available and deemed necessary by the InJstee5. The charity has not taken any grants frorn the Lollery Fund. The trustee5 will continue lo explore other areas to generate revenue and seek financial support available to the Trust. Policy programme related investment The charity has no lang-terrn investments. Our funds are held in different bank accounts Iregulaled by FCAI, Conlnbullon made by volunteers Assist the Charity on event and Hindu festival days, feed and distribute food lo the devDlee5, man8ge stock room, cooking, ancillary assistance. design posters, dppnrAlicJn8 diirino p.vp.nl.q HnA provide assslance as and when necessary, We encourago 811 memb8rs ol our eharity lo be involved in voluntary activities, share their skills and also invlove younger generation lyoulhl lo promote culture. Achievements and performance 11 Hold religiou8 musical prograrn5, drama and eventg ft)r the benefit of the devotees. 21 Provide food lo more than 125,000 people lon average) annually and on increase compared lo previou5 years. 31 Extend assistance and support during time of griel, hardship, bereavement. funeral and wake ceremony lo the families. 41 Yoga dasse8 ft)r the health benefit to the community, devotees and neighbourhood. 51 Conllnued wlh language (Gujaratil classes. introdUd rellglous teachings for youth and 901100 lon averagel pupils attend every Fndays. 61 Held funeral rituals and wake ceremonies at the premises, crematorium, at devotee's residence and preferred locations. 71 Invited speakers from different ligIouS background representing local and overseas in81itulions lo promote culture and current topics and espeThally lo bring awarene55 of racial harassrnenl, bullying and grooming etc. 81 Organi8ed medical seminar5, free diabetic scieening and medical camps by professional bodies. 91 Held Community meetings with local leaderg, councillors and neighbourhood groups. 101 Organise Sponsored religious 181ks IK8lhasl and discourses at the temple. 111 Introduced live cooking, outside ¢alering orders and take away (packed food) "tiffin" servi3 al an affordable price. page 4
THE LOHANA MAHAJAN IUK) TRUST FOR THE YEAR ENDED 3111212024 TRUSTEES, REPORT 12) Usago of the preml8es for counclllor's meeilng and pollng statlon. Offer the use of the hall and car park for Polling ststions durlng local and n8lk)nal elections. 13) Conllnued wlth refurblshmenl prolacls - Llghling, extended dlning hall, lo11o1, shoe racks cabln and other areas la8 nacessaryl. Flnanclal r•vl8W To relnvest and ulilise the r888rvg8 for.. - l) Malor bulldlng works {oulslde & Fadasl {21 Rei)ovallons and conllnous rolurblshmenl prolects 131 Repalr8 (4> Mainialn sports ground as deomod nocess8ry151 Car park and {61 exlenslon fcK addltlonal calorlng areas Ctc. 21 Charlvs pollcy18 to hold enough funds lo meel opera15ng costs and to enhanc8 communlly aollvllles and programmes. 31 Donations, Hall hire, dlnlng hall lor varlou8 evenls, wgokly religious events, yoga 6es8lons and sponsorshlp appeal for evenl8, appllance. furnilure. solar panels and olher8. 4) Achieving m081 of lh8 obj8clive6 exG8pI sporlB &181sure f8ciliti8s dua to rgslrlGlion for tho usag8 ol the ofound. 51 To ¢Yale, the charlly has ne long-lerm inv8slments. Our funds are held In varlous bank accounts. Any future Investments wlll be made after con8ultslion and profe88ional advlce provldad to the Irusl. Th eporl was prepared In acGordanc8 wllh the 8peclal provlslons wilhSn Part 15 of the CompanS&s Act 2006. Thls was approvod by the Board ol Tru81ees on Dh Tru ro page 5
THE LOHANA MAHAJAN IUKI TRUST INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LOHANA MAHAJAN {UK) TRUST I report on the accounts of the company for the year ended 3111212024 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who a also the directors of the company for the purpose8 of company law) S responsible for the preparation of the accounts. The Iruslees consider that an audit is nol required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent exarninalion is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Chartered Certified Accounts & Registered Auditors . Having $ati$fied myself thal the charlty is not Subject to an audit under company law and is eligible for independent examination, It is my responsibility lo.. examine the accounts under section 145 of the 2011 Act,, follow the procedures laid down in the general Directions given by the Charity Commission under section 14S{Sllbl of the 2011 Act., and stale whether particular mallers have come lo my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was caTried out in accordance with general Directions given by the Charity Commission. An examination includes review of the accounting records kept by the chanly and a comparison of the accounts presented with Ih05e records. It also includes consideration of any unusual items or disclosures in the accounts, and 8eeking explanations from you as truslee5 concerning any guch matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a "true and fair view" and the report is limited to those matter3 sel out in the Statement below. page 6
THE LOHANA MAHAJAN (UK) TRUST INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINERS STATEMENT In connection with my examination, no matter has come lo my attention.. {11 which gives me reasonable cause to beli8ve that in any material respect the requirements.. - to keep accounting records in accordance with section 386 ofthe Companies Act 2006,. and lo prepare accounts which accord with the accounts'ng records, cornply with the accountsng requirements ol sectson 396 of the Companies Act 2006 and with Ihe Methods and prinuples of the Statement of Recommended Practice.. Accounting and Reporting by Charitie8 have not been mel.. or (21 to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Dale.. JK Sli811 AL'LuuiILdiiLy 572-574 Romford Road Manor Park London E12 SAF Page 7
THE LOHANA MAHAJAN {UKI TRUST ACCOUNTANTS. REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF THE LOHANA MAHAJAN (UK) TRUST, FOR THE YEAR ENDED 3111212024 In order lo assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE LOHANA MAHAJAN IUKI TRUST for the year ended 3111212024 as Set out on page9- to111 from the company's accounting records and from information and explanations you have given us. As a practising member of the Chartered Certified Accounts & Registered Auditors, we are subject to its ethical and other professional requirements which are detailed on their website. This report ig made solely lo the Board of Directors of THE LOHANA MAHAJAN IUKI TRUST, as a body. in 8ccord8nce with the terns of our engagement leller dated . Our work has been undertaken solely to prepare for your approval the accounts of THE LOHANA MAHAJAN IUKI TRUST and slate those matters that we have agreed to slate lo the Board of Directors of THE LOHANA MAHAJAN IUKI TRUST, as a body, in this report, in accordance with the requirements of the Chartered Certified Accounts & Registered Auditors as detailed on their website. To the fullest exlenl permilled by law. we do not accept or assume responsibility to anyone other Ih8n THE LOHANA MAHAJAN IUKI TRUST and its Board of Directors as a body for our work or forthis report. It is your duty to ensure that THE LOHANA MAHAJAN IUKI TRUST has kept adequate accounting records and lo prepare $181utory ac¢ounls that give a true and fair view ol the assets, liabilities, financial position and profitability of THE LOHANA MAHAJAN IUKI TRUST. You considerthal THE LOHANA MAHAJAN IUKI TRUST is exempl from the statutory audit requirement forthe year. We have nol been instructed to carry out an audit or a review of the accounts of THE LOHANA MAHAJAN IUKI TRUST. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express ai)y UVilliLSlI uii Ilie ¥l¥luluiy iicLuunls. JK Shah Accountants 572-574 Romford Road Manor Park London E12 SAF page 8
THE LOHANA MAHAJAN (UK) TRUST Statement of Financlal Actlvltles for the year ended 3111212024 2024 2023 Unrestrlcted Restrlcted fund¥ funds Totsl Total Income Income from generated funds Donations and legacies Other trading activities Total Income and endowments Expense8 Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expénses Net galng on Investment8 Net Incom• 450,061 11,820 461,881 450,061 11,820 461.881 335, 728 12, 185 347,913 55,172 358,886 414,0SB 55,172 358,886 414,068 59,393 378,600 377,993 47,823 47,823 (30,080) Galn811108¥é51 on revaluatlon of flxed a88e•t• Net movement In funds: Net Incoffle for the year Total funds brought forward Net funds carrled forward 47,823 1,407,155 1,464,978 47,823 (30, 080) 1,407,155 1.437,235 1,454,978 1,407, 155 This 8lalemenl of financial aclivilie8 includes all gains and losses recognised in the year. All incorne and expenditure derive from continuing activities page 9
THE LOHANA MAHAJAN {UK) TRUST BALANCE SHEET AT 3111212024 2024 2023 Notss FIXED ASSETS Tanglble assets 3,269,633 3,267, 629 CURRENT ASSETS Dvblors lamounts falling dug wllhln on8 year) Cash al bank and In hand 5,587 07,823 103,410 535 366 10,587 169,804 180,391 552,461 CREDITORS: Amount8 falllng due wlthln one yoar NET CURRENT UABILITIES TOTAL ASSETS LE88 CURRENT LIABILITIES 431,9561 2,837,677 372,070 2,895,559 CREDITORS: Amounts falllnB duo after more than ono year 879,232 984, 723 PROVISIONS FOR LIABILITIES 264 478 NET ASSETS 1,968,181 1,910,358 CAPITAL AND RESERVES Unrestrlcted funds General fund R8valuallon re88rve 10 1,454,978 503,203 1,958,181 1,40T,155 503.20J 1,910,358 1J, For the yc8r ending 3111212024 lh8 Bompany wa6 enlill8d lo exemplton under saclion 477 of the Companles Act 2(J06 relating lo 8mall companlos. The members have not requlr8d thè compBny lo oblaln an gudll In aGcordanc8 wllh 8ecllon 476 of the Companle$ Act 2006. The directors acknowledge Ihelr reBpon8lbllilies for Gomplyin9 wllh th& requiremen18 of Ihe Act wllh respect lo accounting records and the prepaTatlon of accounts. The8 accoun18 have been prepBrdd In aOrdance wilh the provislon$ appllcab18 lo companie8 sublecl lo Ihg sm811 companles regi App by Ihg board of tru•tseg cn and slgned on thelr behalf by DI) Tru HIA page 10
THE LOHANA MAHAJAN {UKI TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111212024 1. ACCOUNTING POLICIES 1a. Basls Of Accountlng The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recornmended Practice, Accounting and Reporting by Charities, 1 b. Change In Accountlng Pollcy In preparing the financial statements for the currenl year, Ihe company has adopted the following Financial Reporting Standards.. -Finanaal Reporting Standard for Smaller Enlilies leffective January 20151. The adoption of new ¥ccounling standards has not resulted in any adjustments to the results of the company in eilher this year or the previous year. 1c. Incomlng Resour¢e• All incoming resources are included on the Statement of Financial Activities when the charity 18 legally entitled to the income and the amount can be quantified with reasonable accuTacy. 1d. Resource8 Expended Expenditure is accounted for on an accruals basis and has been classified under hegdings that aggregate all cost related to the category. Where costs cannot be directly allributed lo particular headings they have been allooaled to activities on a basis consistent with the use of resource5. le. Allocatlon And Apportlonment Of Costi All ¢osls relate to the single activity of the Charitable cornpany and are recognised accordingly. 1f. Fund Accountlng Unrestricted funds can be used in accordance with the charitable objective8 al the discretion of the trustees. Restricted lundg can only be used for particular restricted purpo$e$ within the objects of the charity, Restrictions arise when speafied by the donor or when funds are raised for particular restricted purposes. Designated lunds are funds sel aside by the Iruslees out of unrestricted general funds for the specific future purpogey or projects. page11
THE LOHANA MAHAJAN (UK) TRUST lg. Cash Flow Statement The Company is exempt from including a stalement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities leffeclive January 20151. 1 h. Depreclatlon DepClatIon has been provided at the following rates in order to write off the assets over their eslimaled useful lives. Plant and M8Ghinery Fixtures and Fittings Equipment 20010 20% 20% 11. Panslon Colts The company operate3 8 defined contribution penslon scheme. The penslon charge represents the amounts payable by the company to the fund in SPect of the year. lj. Revaluatlon Reserve Surpluses or deficits arising on the revaluation of individual fi'xed assets other than inve8tmenl properties are credited or debited to non-dlslribulible reserve known as the revaluation reserve Isee algo note l. Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged lo the profil and loss account. 2. EMPLOYEES 2024 2023 No. Average number ofemployeeg 3. PENSION CONTRIBUTIONS 2024 2023 Pension contributions 696 696 888 888 page 12
THE LOHANA MAHAJAN IUK) TRUST 4. TANGIBLE FIXED ASSETS Land And Plant and Flxturg¥ and 8ulldlng8 Machlnery Flttlng8 Equlpment Total Cost At 0110112024 Additions Revaluation At 3111212024 Depr•clatlon AI 0110112024 For the year At 3111212024 Net Book Amounts 2,746,797 8,858 3,789 42,939 1,300 19,147 2,817,741 950 6,039 503,203 20,097 3.326,983 503,203 3,250,000 12,647 44,239 8,837 320 9,157 33,171 2,084 35,255 11,307 1,631 12,938 53,315 4,035 57,350 AI 3111212024 3,250.000 2,746,797 3.490 8,984 9.768 7.159 3,269.633 7,840 2.764,426 At 3111212023 21 6. DEBTORS 2024 2023 Amounts falling due within one year.. Trade debtors 5,587 5,587 10,587 10,587 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loan8 and overdrafts Taxation and social security Other ¢dItorS 115.410 12.941 407,015 535,366 121,063 12,926 478,472 552,461 page 13
THE LOHANA MAHAJAN IUKI TRUST 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans and overdrafts 879.232 879,232 984, 723 984. 723 . PROVISIONS FOR LIABILITIES 2024 2023 Pensions 264 478 478 264 9. LIMITED 8Y GUARANTEE The company is limited by guarantee and does not have a share c8pilal. Each member gives a guarantee to contribute a sum not exceeding £, to the company should il be wound up. Al 3111212024 there We members. 10. UNRESTRICTED FUNDS 8rought Incomlng Outgolng fOard resource• regource¥ Tr•nsl•rs Carrled forward General fund 1,407.155 1,407,155 461,881 461,881 1414,0581 1414,0581 1,454,978 1,454,978 11. RESTRICTED FUNDS Broughl Incomlng Outgolng TTansfers Carried forward resources resources fonvard page 14
THE LOHANA MAHAJAN (UK) TRUST Incomlng Resources for the year ended 3111212024 2024 2023 Incomlng resources Incoming resource8 from generated funds 450,061 335, 728 12,185 11,820 461,881 347,913 page 15
THE LOHANA MAHAJAN IUKI TRUST Expenses for the year ended 3111212024 2024 2023 Expenses Costs of ggn8r•tlng fund8 Costs Of Generatlng Voluntsry Income Materia18 55,172 55,172 59,393 59,393 55.172 59,393 Charltable Actlvitie• Resources Expended Charitable Activities 5 Resources Expended Charitable Activities 11 Water rates Heat and light Cleaning Repairs and renewals Wageg- regular NIC employer (wages and salariesl Pension contributions Staff welfare Motor expenses - fuel and oil Accountancy fee$ Professional fees Insurance Stationery & office supplies Telephone Charitable donations Security costs Bank charges Interest on loans repayable within 5 years Sundry expense3 Depreciation of plant and machinery Depreciation of fiXtuS and fittings Depreciation of equipment 1.769 4,125 3,609 37,375 9,097 19.753 109,437 3,137 696 2,162 540 1.440 5,905 6.467 532 1,149 759 1,410 3.404 74,896 708 4,292 3,167 53,597 7.889 20.876 99, 799 1,513 888 2. 733 790 2, 760 5.8Q2 5,832 587 1,298 216 100 1,943 77,071 320 2,084 1,631 292.405 2,442 1.960 295,554 Governance Costs Carriage-in Other direct expen5e3 811 65.670 66,481 23.046 23,046 414,058 377,993 page 16
THE LOHANA MAHAJAN IUKI TRUST Expenses for the year ended 3111212024 2024 2023 page 17