**Charity registration number 1107095 (England and Wales)** ## **BALVIMAA CHARITY TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **BALVIMAA CHARITY TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Manoj Kumar Gordhan Gadher Beena Manoj Kumar Gadher Premkunver Gordhan Gadher Anita Gohel (Appointed 4 October 2025) **Charity number** 1107095 **Principal address** 172 Hedge Lane Palmers Green London N13 5DA **Bankers** Bank of Baroda (UK) Limited Aldgate East Branch 128 Commeercial Road Aldgate East London E1 1NL National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA ## **BALVIMAA CHARITY TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' Report|1 - 2| |Statement of financial activities|3| |Balance sheet|4| |Notes to the financial statements|5 - 8| ## **BALVIMAA CHARITY TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Balvimma Charity Trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". ## **Objectives and activities** The object of the Charity is relief of poverty, sickness and distress. The advancement of education and Hindu religion in India, and the relief of financial need and suffering among victims of natural or other kinds of disaster. The Charity works worldwide but mainly in the UK and India. We provide medical treatment and assistance to the poor. We also assist UK Charity groups to obtain premises or accommodation to operate in the UK. We offer funds to provide relief from poverty and sickness in certain regions in India. In particular the Charity will endeavour to underwrite the cost of surgery and healthcare for individuals with life threatening illnesses. It also is supportive of various community based projects designed to engender general welfare for the young and disadvantaged. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Balvimma Charity Trust should undertake. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ During the year, the Trustees have continued to promote the charity's objectives and secured further donations of £2,909 (2024 - £6,927). Donations totalling £Nil (2024: £1,839) were paid for the year. This benefited various community causes. monies were also given to people in need to help with various illnesses and student scholarships. ## **Financial review** ## _Reserves policy_ It is the policy of the Balvimma Charity Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Balvimma Charity Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees wish to maintain a programme of donations to deserving causes. No significant overheads are incurred and only a small reserve is required. Excluding any committed unrestricted funds, the trustees believe that a reserve of £5,000 is sufficient to mitigate expenses and contingencies. ## _Major risks_ The Trustees have assessed the major risks to which the Balvimma Charity Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The Balvimma Charity Trust is a registered Charity and a Charitable Organisation governed by its Trust Deed. - 1 - ## **BALVIMAA CHARITY TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The Trustees who served during the year and up to the date of signature of the financial statements were: Manoj Kumar Gordhan Gadher Beena Manoj Kumar Gadher Premkunver Gordhan Gadher Anita Gohel (Appointed 4 October 2025) ## _Recruitment and appointment of trustees_ None of the Trustees has any beneficial interest in the Charity. If the Charity is wound up, the Trustees have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The Trustees' report was approved by the Board of Trustees. Manoj Kumar Gordhan Gadher ## **Trustee** 16 April 2026 - 2 - ## **BALVIMAA CHARITY TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|75,013|21,220| |Investments|**4**|1,665|1,494| |**Total income**||76,678|22,714| |**Expenditure on:**|||| |Charitable activities|**5**|23,801|21,811| |**Total expenditure**||23,801|21,811| |**Net income**||52,877|903| |**Other recognised gains and losses:**|||| |Other losses|**9**|-|(328)| |**Net movement in funds**||52,877|575| |**Reconciliation of funds:**|||| |Fund balances at 1 April 2024||559,578|559,003| |**Fund balances at 31 March 2025**||612,455|559,578| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 3 - ## **BALVIMAA CHARITY TRUST** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Investment property
**10**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**The funds of the Balvimma Charity Trust**
Unrestricted funds
**11**|**2025**
**£**
83,234|**£**
529,221
83,234
612,455
612,455
612,455|**2024**
**£**
30,357|**£**
529,221
30,357| |---|---|---|---|---| |||||559,578| |||||559,578| |||||559,578| The financial statements were approved by the Trustees on 16 April 2026 Manoj Kumar Gordhan Gadher **Trustee** - 4 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Balvimma Charity Trust is an unincorporated Charitable Organisation. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Balvimma Charity Trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". The Balvimma Charity Trust is a Public Benefit Entity as defined by FRS 102. The Balvimma Charity Trust has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Balvimma Charity Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the Balvimma Charity Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. ## **1.4 Incoming resources** Donations and similar incoming resources are recognised once the Charity has entitlement to the income, there is sufficient certainty or receipts and so it is probable that the income will be received, and the monetary value of income can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the Balvimma Charity Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Resources expended** Expenditure is recognised in the statement of financial activities on an accrual basis as a liability is incurred. The expenditure on charitable activities includes donations made and support costs. Included within this category are costs of complying with constitutional and statutory requirements. - 5 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Investment properties** Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Critical accounting estimates and judgements** In the application of the Balvimma Charity Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|2,909|6,927| |Rental income|42,077|14,293| |Dilapidation|30,027|-| ||75,013|21,220| ## **4 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Interest receivable|1,665|1,494| - 6 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **5 Charitable activities** |Donations paid
Insurance
Property costs
Professional costs|**2025**
**£**
11,000
2,404
4,390
6,007
23,801|**2024**
**£**
1,839
3,270
5,531
11,171| |---|---|---| |||21,811| ## **6 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Balvimma Charity Trust during the year. ## **7 Employees** There were no employees during the year. ## **8 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **9 Other gains and losses** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| |Gains/(losses) upon:|**£**|**£**| |Foreign exchange|-|328| |**Investment property**||| |||**2025**| |||**£**| |**Fair value**||| |At 1 April 2024 and 31 March 2025||529,221| ## **10 Investment property** In the opinion of the Trustees, the total carrying value of the investment properties are not significantly different to the open market value at the year end. - 7 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **11 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**Gains and**|**At 31 March**| |---|---|---|---|---|---| ||**2024**|**resources**|**expended**|**losses**|**2025**| ||**£**|**£**|**£**|**£**|**£**| |General funds|559,578|76,678|(23,801)|-|612,455| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Gains and**|**At 31 March**| ||**2023**|**resources**|**expended**|**losses**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |General funds|559,003|22,714|(21,811)|(328)|559,578| ## **12 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 8 - **Charity registration number 1107095 (England and Wales)** ## **BALVIMAA CHARITY TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **BALVIMAA CHARITY TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Manoj Kumar Gordhan Gadher Beena Manoj Kumar Gadher Premkunver Gordhan Gadher Anita Gohel (Appointed 4 October 2025) **Charity number** 1107095 **Principal address** 172 Hedge Lane Palmers Green London N13 5DA **Bankers** Bank of Baroda (UK) Limited Aldgate East Branch 128 Commeercial Road Aldgate East London E1 1NL National Westminster Bank Plc 250 Bishopsgate London EC2M 4AA ## **BALVIMAA CHARITY TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' Report|1 - 2| |Statement of financial activities|3| |Balance sheet|4| |Notes to the financial statements|5 - 8| ## **BALVIMAA CHARITY TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Balvimma Charity Trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". ## **Objectives and activities** The object of the Charity is relief of poverty, sickness and distress. The advancement of education and Hindu religion in India, and the relief of financial need and suffering among victims of natural or other kinds of disaster. The Charity works worldwide but mainly in the UK and India. We provide medical treatment and assistance to the poor. We also assist UK Charity groups to obtain premises or accommodation to operate in the UK. We offer funds to provide relief from poverty and sickness in certain regions in India. In particular the Charity will endeavour to underwrite the cost of surgery and healthcare for individuals with life threatening illnesses. It also is supportive of various community based projects designed to engender general welfare for the young and disadvantaged. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Balvimma Charity Trust should undertake. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ During the year, the Trustees have continued to promote the charity's objectives and secured further donations of £2,909 (2024 - £6,927). Donations totalling £Nil (2024: £1,839) were paid for the year. This benefited various community causes. monies were also given to people in need to help with various illnesses and student scholarships. ## **Financial review** ## _Reserves policy_ It is the policy of the Balvimma Charity Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Balvimma Charity Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees wish to maintain a programme of donations to deserving causes. No significant overheads are incurred and only a small reserve is required. Excluding any committed unrestricted funds, the trustees believe that a reserve of £5,000 is sufficient to mitigate expenses and contingencies. ## _Major risks_ The Trustees have assessed the major risks to which the Balvimma Charity Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The Balvimma Charity Trust is a registered Charity and a Charitable Organisation governed by its Trust Deed. - 1 - ## **BALVIMAA CHARITY TRUST** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The Trustees who served during the year and up to the date of signature of the financial statements were: Manoj Kumar Gordhan Gadher Beena Manoj Kumar Gadher Premkunver Gordhan Gadher Anita Gohel (Appointed 4 October 2025) ## _Recruitment and appointment of trustees_ None of the Trustees has any beneficial interest in the Charity. If the Charity is wound up, the Trustees have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The Trustees' report was approved by the Board of Trustees. Manoj Kumar Gordhan Gadher ## **Trustee** 16 April 2026 - 2 - ## **BALVIMAA CHARITY TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|75,013|21,220| |Investments|**4**|1,665|1,494| |**Total income**||76,678|22,714| |**Expenditure on:**|||| |Charitable activities|**5**|23,801|21,811| |**Total expenditure**||23,801|21,811| |**Net income**||52,877|903| |**Other recognised gains and losses:**|||| |Other losses|**9**|-|(328)| |**Net movement in funds**||52,877|575| |**Reconciliation of funds:**|||| |Fund balances at 1 April 2024||559,578|559,003| |**Fund balances at 31 March 2025**||612,455|559,578| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 3 - ## **BALVIMAA CHARITY TRUST** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2025**_ |**Notes**
**Fixed assets**
Investment property
**10**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**The funds of the Balvimma Charity Trust**
Unrestricted funds
**11**|**2025**
**£**
83,234|**£**
529,221
83,234
612,455
612,455
612,455|**2024**
**£**
30,357|**£**
529,221
30,357| |---|---|---|---|---| |||||559,578| |||||559,578| |||||559,578| The financial statements were approved by the Trustees on 16 April 2026 Manoj Kumar Gordhan Gadher **Trustee** - 4 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **Charity information** Balvimma Charity Trust is an unincorporated Charitable Organisation. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Balvimma Charity Trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". The Balvimma Charity Trust is a Public Benefit Entity as defined by FRS 102. The Balvimma Charity Trust has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Balvimma Charity Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the Balvimma Charity Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. ## **1.4 Incoming resources** Donations and similar incoming resources are recognised once the Charity has entitlement to the income, there is sufficient certainty or receipts and so it is probable that the income will be received, and the monetary value of income can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the Balvimma Charity Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Resources expended** Expenditure is recognised in the statement of financial activities on an accrual basis as a liability is incurred. The expenditure on charitable activities includes donations made and support costs. Included within this category are costs of complying with constitutional and statutory requirements. - 5 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Investment properties** Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Critical accounting estimates and judgements** In the application of the Balvimma Charity Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|2,909|6,927| |Rental income|42,077|14,293| |Dilapidation|30,027|-| ||75,013|21,220| ## **4 Income from investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Interest receivable|1,665|1,494| - 6 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **5 Charitable activities** |Donations paid
Insurance
Property costs
Professional costs|**2025**
**£**
11,000
2,404
4,390
6,007
23,801|**2024**
**£**
1,839
3,270
5,531
11,171| |---|---|---| |||21,811| ## **6 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Balvimma Charity Trust during the year. ## **7 Employees** There were no employees during the year. ## **8 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **9 Other gains and losses** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| |Gains/(losses) upon:|**£**|**£**| |Foreign exchange|-|328| |**Investment property**||| |||**2025**| |||**£**| |**Fair value**||| |At 1 April 2024 and 31 March 2025||529,221| ## **10 Investment property** In the opinion of the Trustees, the total carrying value of the investment properties are not significantly different to the open market value at the year end. - 7 - ## **BALVIMAA CHARITY TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **11 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**Gains and**|**At 31 March**| |---|---|---|---|---|---| ||**2024**|**resources**|**expended**|**losses**|**2025**| ||**£**|**£**|**£**|**£**|**£**| |General funds|559,578|76,678|(23,801)|-|612,455| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Gains and**|**At 31 March**| ||**2023**|**resources**|**expended**|**losses**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |General funds|559,003|22,714|(21,811)|(328)|559,578| ## **12 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 8 - CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report to tho trustsesl members of BALVIMAA CHARITY TRUST On accounts for the year ended Period ended 31° MARCH 2025 Charity no (rfany) 1107095 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 3110312025. Rosponsibilities and As the charity trustees of the Trust, you are responsible for the preparation ba818 of report of the accounts in accordance with the requI￿rnents of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying OLrt my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. I have Gompleted my examination. I confirm that no material matters have come to my attention (other than that disclosed below") in connection with the examination which gives me cause to believe that in, any material re$￿ct.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs ststement I have no ¢oncerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the a¢¢ounts to be reached. ' Please delete the Wo￿lS in thg brackets rfth8y do not apply. Slgned: Date: 1610412026 Name: Relevant professional qualification{s) or body lif any): nla Address: Sr (LitrJ5 (1 tr-DO, J IER October 2018 Only complete if the examiner needs to highlight matter5 of ¢on¢8m (se8 CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brlof (letalls of any Items that th8 examiner wishes to disclose. IER Octob•r 2018