Charity Number: 1114426 Gangaben Desai Family Charity Financial Statements 4th November 2023
Ca%abell Desal Famity Ch•rity Flttanclal Ststetu¢nts Year ended 4th November 2023 Trustees Annual report Lwl and admiDi5trativt infonnatio Tw$t¢es Mr Ishwarlal Ruglll)athji Desai Mr Rizwan Javed Mills & Reeve Tnt Corporation Ltd (See note I for list of Directors) Charity number 1114426 Chairman Mr Ishwarlal Rughnathji Desai TreLsur¢r Mr Rizwan Javed Correspondent Mr Rizwan Javed 109 Hagky Road Birmingham B168LA Bankers Natwest Bank PIC I St Philips Place Birmingham West Midlands B3 2PP Solicitors Mi115 & R¢ev¢ LLP I Centenary Way Binningham B3 3AY Orgauisationalstructure The charity is governed by a tru gnd the charity trustees are reSnSIble for ihe general control and management of the charity in accordance with the de¢(L Mr l R Desai and Mr RJaved give their time freely and receive no remuneration or other fmancial benefiL Mills & Reeve Tntst CorNYation Ltd are remunerated for their servitts. In selecting Mlee5. we seek to identify peopk wl)o have expr¢5wJ a concern an interest in asststing th¢ ¢hority: and its aim$ and obj¢dives. Activities and Objectives The charl5 objeclives are Set out ID the Charitys deed. The main area of conc¢Tn is th¢ provision of basic education forthose in need once the ¢l]¥rity is #ble to make more Achievement Thd perfornance The trustees have ¢onsider¢d the Charity Commission's guidan¢¢ on public benefii when reviewing organisational strategy and planning firture activities and aresatisfied that¢harityWltinue5to have significant charitable purpose and will deliver a very tangible benefit During the year endoj 4 November 2023 no aetivity twk place as the charity was a¢¢umulating funds to finance projects. notwith5tsndiD& th¢ Charity has commencd supporting educional projects in India after the year end. FlnDce revlew and reserves policy It i8 the charitys policy to accumulate fimds until sufficient fimds are accumul tt) mmenCe projecls. Page I
GnE¥b¢n Dtsal Fgmlly Charity Financial Sttements Year ended 4th November 2023 Reeelpts and PAyments aceount- unrestrict¢d funds 2023 2023 Notes Rent Compensation from bank 247,226 152,088 200 247.226 152.288 Less expenses Legal and proftssional fees Independent review Bank charg¢5 29.495 396 5.687 396 (29.898) (6.089} Net incomingloutgoing resources 217.328 (146.199) Page 2
The Gngben De5ai Family Cbrlty Financial Statements Year ended 4th November 2023 Sl4tement of Asset$ and Li•bilities as ai 41b November 2023 2022 Current assets Cash at bank and in hand- unrestricted 444.656 227.328 Net assets 444.656 227.328 Aceumul•t¢d Funds Unrestrict¢d Surplus 444.656 227,328 Toial funds 444.656 227.328 The fjnancial aarnellts pages 2 and 3 were apwoved by thetru#ees on L4nd thetr behalf by Signed by a Director for and on behalf of Mills & Reeve TnL%t CorEK)rntion Limitrd (TrUte} Mr Rizwan Javed (Treasurer) P4e3
Ggngaben Desal Family Charity Year ended 4th November 2023 Independent Eximin¢T'S Report to TrwJtees of Gangaben De5Ai FAmlly Charlty Nots8 l. The Dlre¢tor$ of the Mlll$ & Reeve Trnst CorporatloTh Llmlted were as follows: M J Aubrey C Belcher D Caichpole D A Clark S V Comiack E M Field J L Grandfield J C Grundy M S Hansell G J Laming B R Mi]ner L R Parker A M Playle J J P Riprnan N V Stone AJBull N Burton L Howard""_" P Johnson ZHLLim CSJS¢ott AJT•88 T M Whitney A B Williams C Attride CJNoel R K Francis {Re9i8ned 31105124) {Resigned 04106124) (Appointed 19106f24) (Appointed 02108123) (Appointed 01111123) (Appointed 11105124) 2. Rent The Gan8aben Desai Family ChArity Trust holds beneficial ownership of 388 Stratford Road propety. Mr l R Desai (the legal owner of th¢ property) received the rental income. Therefore. to reflect the Trusts beneficial entitlement to this income, it has been agreed with Mr l R Desai that the totsl rental income is to be transferred to the Trnst in two installments, the first being £152,088 disc105ed in last year's 8et of COllnts and £247225 this year bring matters up to dat¢ to the tsx y¢or 21r22. Page 4
Gang¥4ben Desai Family Charity Yearended 4th November 2023 IndepettdtTht E34miner's Report to Tru51¢es of Gangaben De5ai F¥mlly Ch#Tity Indepe¢¢ Examine$ Report to the Trustees of GAnybeTr Desai F•mily Charky I report io the tr1¢¢$ on my ¢x4minO1ion of the •e¢oun¢S of Gangabert Desai Family Ch¥rity (th¢ Charity) for the year ended4 November 2023. liespDDslbllltles #nd basis r¢p•rt A5 the charity trustees of the Chvity. you are resp)nsible for the preparation of the accounts accordance with the requrements of the Charitu Act 2011 (Ihe Acff). I report inrespe¢t of my ¢xamiTWion of ihe Charitys a¢¢ounts ¢arried out under section 145 of ihe 2011 Act and in carrying out my examinaih)n I have followed all the applicable Drect#)ns given by thecharty commissionundersection145{SXb)ofiheA¢i. Independtut ExamlAer'5 St*temewt I h•v¢ ¢ompl¢t¢d my exomin4tion. l ¢onfim ihai no material matters have come to my att¢ntion in conneclionwith the ¢xaminatKJn ]rts me¢&¢ io believe th41 nany material r¢spe¢t: 1. aountIngre¢tyd$ We Dot k¢pt inTe5pd of the Trust required by section 130of the Act; or 2. the a¢¢ounts do not with those I have no conwns and have ¢ome ocross other mattets in¢onne¢tion with the examination to which attention should be drawn Fi this report li order io ¢nabl¢ 4 prop¢r understanding of the accounts to be reached. MrJ O Evans FCA Green Banks 24TheHill Stroud GL5 4EP Date.. Page 5