Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
Registered charity no: 1109157
CHURCHGATE CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Page
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3 Legal and administrative information
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4 - 7 Trustees Report
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8 Accountant’s Report
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9 Statement of Financial Activities
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10 Balance Sheet
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11 – 15 Notes forming part of the financial statements
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
Mrs Priya Bhayani Mr Ameet Kotecha
CHIEF EXECUTIVE
Mr Ameet Kotecha
PRINCIPAL OFFICE
227 London Road Romford Essex RM7 9BQ
ACCOUNTANTS
KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL
BANKERS
Barclays Bank plc Barclays Medium Business Team 5[th] Floor 17 Landsdowne Road Croydon Surrey CR0 2BX
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and " 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) (effective 1 January 2015)".
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Trust is an unincorporated trust, constituted under a trust deed dated 29 March 2005 as amended by supplemental deed dated 18 June 2010 and is a registered charity, number 1109157. The Trust entered into a previous Declaration of Trust dated 19 November 2004.
The trust was established with the intention of carrying out the philanthropic work, desired by the donors through the careful stewardship of its existing resources, rather than actively fundraising. The Churchgate Charitable trust specifically supports the education, poverty and healthcare sectors in order to make a contribution to these meaningful charities.
Recruitment and Appointment of Trustees
There must be at least three Trustees and every trustee is appointed by a resolution of the Trustees passed at a special meeting.
In selecting individuals for appointment as Trustees, the Trustees take regard of the skills, knowledge and experience needed for the effective administration of the charity. In addition the individual must be Eighteen years or over and on appointment as Trustee the individual expressly acknowledges, in whatever way the trustees decide, acceptance of the office of Trustee of the Charity.
Procedures for induction and training of trustees
The trustees keep a record of the name and address and date of appointments, re-appointments and retirement of each trustee.
The induction process for newly appointed trustees comprises of the Trustees make available to each new trustee:
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A copy of the deed and any amendments made to it;
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A copy of the Charity’s latest report and statement of accounts.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
Organization structure
The trustees hold at least two ordinary meetings each year. One such meeting in each year involves the physical presence of those Trustees who attend the meeting.
At the meeting the trustees agree the board strategy and areas of activity for the Trust, including consideration of donation making. The day to day administration of donation and the processing and handling of applications prior to the consideration by the Trustees is delegated to the chief executives, which includes making decision in order to deal with cases or urgency when a meeting is impractical. In addition to depositing money at the bank, custody of documents, keeping and authenticating of records.
Risk management
The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and where appropriate, established systems and procedures to manage those risks the charity faces. As Trust does not actively fundraise, any donations received and depositing of money are agreed to source documents.
OBJECTIVES AND ACTIVITIES
The objects of the trust are to:
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The advancement of education
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The promotion of moral or spiritual improvement, in particular but not exclusively by the provision of facilities to religious foundations
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The relief of poverty
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The relief of sickness or disability
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The preservation of buildings or sites of historic or architectural importance
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The relief and assistance of people who are victims of war or natural disasters, trouble or catastrophe and
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To provide or assist in the provision of facilities for recreation or other leisure time occupation in the interest of social welfare with the object of improving the conditions of life for the inhabitants of the area of benefit without distinction of sex or political, religious or other opinions.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
ACHIEVEMENTS AND PERFORMANCE
During this period the charity has donated to institutions for the promotion of moral, spiritual and cultural improvement.
In addition, various donations were made to institutions for advancement of education, poverty and relief of sickness disability.
FINANCIAL REVIEW
The Charity is reliant on income from donations despite the insecurities over funding; the income derived from this was £300,000 and interest received from funds generated was £nil. There was also rental income of £1,375 received during the year.
Principal Funding Sources
The principal funding source for the charity was by way of donations.
Investment Policy
The rental income earned for the year was £1,375. The property was disposed during the year.
Reserve Policy
The Trustees have examined the charity’s requirements for reserves in light of the activities. With no material governance or activity costs anticipated for the forthcoming year, the strategy is to continue to build reserves through operating surpluses.
PLANS FOR THE FUTURE
The Charity plans to continue the activities outlined above in the forthcoming year subject to satisfactory funding arrangements.
VOLUNTEERS AND STAFF
The trustees take this opportunity to thank all the volunteers and staff for their invaluable devoted time in helping to run the affairs of the charity.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 27 January 2026 and signed on their behalf by:
______ 5F605CC7BC5C453...
Mr Ameet Kotecha Trustee
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
CHARTERED ACCOUNTANT’S REPORT TO THE BOARD OF TRUSTEES ON THE PREPARATION OF THE UNAUDITED FINANCIAL STATEMENTS OF CHURCHGATE CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Churchgate Charitable Trust for the year ended 31 March 2025 which comprise of Statement of Financial Activity and Balance Sheet and notes from the charity’s accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Trustees of Churchgate Charitable Trust, as a body, in accordance with the terms of our engagement letter dated 21 January 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Churchgate Charitable Trust and state those matters that we have agreed to state to the Board of Trustees of Churchgate Charitable Trust, as a body, in this report in accordance with ICAEW Technical Release 07/16 . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Churchgate Charitable Trust and its Board of Trustees as a body for our work or for this report.
It is your duty to ensure that Churchgate Charitable Trust has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and surplus or deficit of Churchgate Charitable Trust. You consider that Churchgate Charitable Trust is exempt from both the statutory audit requirement and requirement for an Independent Examination for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Churchgate Charitable 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 any opinion on the statutory financial statements.
[ saDocuSigned LLP
KLSA LLP Chartered Accountants Kalamu House 11 Coldbath Square London EC1R 5HL
27 January 2026
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Incoming resources Incoming resources from generated funds: Donations received 3 Investment income 4 Total incoming resources Resources expended: Charitable activities Administration costs 5 6 Governance costs 7 Total resources expended Net gains/(losses) on fixed assets 9 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds 2025 £ 300,000 12,814 312,814 36,753 8,485 379 45,617 - 267,197 665,442 932,639 |
Unrestricted Funds 2024 £ 200,000 725 |
|---|---|---|
| 200,725 | ||
| 48,078 4,331 366 |
||
| 52,775 | ||
| 100,000 247,950 |
||
| 417,492 | ||
| 665,442 |
All incoming resources and resources expended derive from continuing activities.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed Asset | |||||
| Tangible Assets | 9 | - | 450,000 | ||
| Current Assets | |||||
| Cash at bank and in hand | 932,999 | 216,162 | |||
| Creditors: amounts falling due | |||||
| within one year | 10 | (360) | (720) | ||
| Net current assets | 932,639 | 215,442 | |||
| Net Asset | 932,639 | 665,442 | |||
| Unrestricted funds | |||||
| General funds | 11 | 932,639 | 665,442 | ||
| Total charity funds | 932,639 | 665,442 |
The notes at page 11 to 15 form part of these accounts
Approved by the Board of Trustees on 27 January 2026 and signed on its behalf by
[kotecla] |[llmect] DocuSigned by:
Mr Ameet Kotecha (Trustee)
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared in accordance with the Churchgate Charitable Trustees Constitution, the Charities Act 2011 and ‘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) (as amended for accounting periods commencing from 1 January 2016).
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.
(b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
(c) Incoming resources
Incoming resources represent the total income receivable during the year, which is recognised on the accrual basis of accounting except for:-
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i) All donations, including gift aid in relation thereto, are included in the financial statements in the year in which they are received.
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ii) Investment income comprising of rental income and bank interest income is included on a receivable basis.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrual basis and has been classified under heading that aggregate all costs related to the category.
(e) Irrecoverable VAT
All VAT which cannot be recovered is reported part of the expenditure to which it relates.
(f) Allocation of overhead and support costs
The charity has not incurred any overheads or support costs, as the day to day operations are conducted by the Chief Executives and volunteers without any remuneration or benefits.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
(g) Governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.
(h) Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Investment properties are initially recorded at cost and subsequently at their open market value and are not depreciated in accordance with the applicable accounting standard, FRS 102, Accounting for investment properties. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
(i) Fixed assets investments
Investments are included at cost. Any diminution in the value is taken to the statements of financial activities.
2. TAXATION
As a charity, Churchgate Charitable Trust is exempt from tax on income falling within section 505 of the Taxes Act 1988 to the extent that these are applied to its charitable objects. No tax charge has arisen in the Charity.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
3 . DONATIONS
DONATIONS |
||
|---|---|---|
| Donations | 2025 Total £ 300,000 300,000 |
2024 Total £ 200,000 |
| 200,000 |
The current year donations were received from Churchgate Estates Limited. The prior year donations were received from Boutique Care Shepperton Limited. One of the trustees is a director of both the companies.
4. INVESTMENT INCOME
| Property rental income Interest income |
2025 Total £ 1,325 11,439 12,814 |
2024 Total £ 725 - |
|---|---|---|
| 725 |
5. ANALYSIS OF CHARITABLE EXPENDITURE
The Charity has undertaken its charitable activities through making donations to number of institutions in furtherance of its charitable activities.
| Advancement of education, relief of sickness and poverty |
2025 Total £ 36,753 36,753 |
2024 Total £ 48,078 |
|---|---|---|
| 48,078 |
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
6. ADMINISTRATION COSTS
| Insurance Professional fees Loss on disposal of investment property Legal fees Property repairs & maintenance Property Light and heat Property Council tax |
2025 Total £ - - 6,482 - - 138 1,865 8,485 |
2024 Total £ 283 72 - 2,350 1,626 - - |
|---|---|---|
| 4,331 |
7. ANALYSIS OF GOVERNANCE COSTS
| Accountancy Bank charges |
2025 Total £ 360 19 379 |
2024 Total £ 360 6 |
|---|---|---|
| 366 |
8. STAFF REMUNERATION
The Charity had no paid employees during the period. Volunteers have provided support to the general governance of the charity or support services to the charitable activities.
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Docusign Envelope ID: 1311FF7E-6782-4BB6-89DA-FAB43A583698
CHURCHGATE CHARITABLE TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 – CONT’D
9. TANGIBLE FIXED ASSETS
| Fair value As at 01 April 2024 Disposal Net gains through fair value adjustments As at 31 March 2025 |
Investment Property Total £ £ 450,000 350,000 (450,000) - 100,000 |
|---|---|
| - 450,000 |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and deferred income | 2025 Total £ 360 360 |
2024 Total £ 720 |
|---|---|---|
| 720 |
11. MOVEMENT IN FUNDS
| Unrestricted funds: General funds Total funds |
At 01 April 2024 £ 665,442 665,442 |
Incoming Resources £ 312,814 312,814 |
Outgoing Resources £ (45,617) (45,617) |
At 31 March 2025 £ 932,639 932,639 |
|---|---|---|---|---|
12. RELATED PARTIES
None of the trustees that served during the year received any benefits nor were they party to any transactions that were entered into by the charitable trust.
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