KRUSHNA KRUPA TRUST
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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KRUSHNA KRUPA TRUST
CONTENTS
| Legal and Administrative Information Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts |
INDEX |
|---|---|
| 2 3 4 5 6 7 |
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KRUSHNA KRUPA TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr S Pabari Mrs V S Pabari Mr A Pabari Registered Office 85 Farquhar Road Edgbaston BIRMINGHAM B15 2QP Company Registration No 05987044 Charity No 1116985 Bank Handelsbanken 55 Calthorpe Road Edgbaston Birmingham B15 1TH
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KRUSHNA KRUPA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
Constitution and Objects
Krushna Krupa Trust is a private limited is a registered charity number 1116985. The object of the charity is to further the education and training of children, assist in relief of poverty, provide provide overseas aid/ famine relief and assist in promoting Hindu Religion.
Organisation
The trustees who have served during the year and since the year end are set out on page 2. Trustees are appointed by the board of trustees and serve for 5 years after which period they may put themselves forward to re-appointment.
Trustees' Responsibilities in Relation to the Financial Statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any 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 accounting records which 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 1993. 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 and signed on their behalf by:
............................... S Pabari
15 January 2024
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KRUSHNA KRUPA TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KRUSHNA KRUPA TRUST
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
S S Kundan Fellow of Chartered Certified Accountant 111 Portland Road Edgbaston Birmingham B16 9QX
Date : …. January 2024
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KRUSHNA KRUPA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Income Donations Inland Revenue Gift Aid Interest Received Resources Expended Donations Management and administration Net movement in funds Balance as at 1 January 2023 Balance as at 31 December 2023 |
Notes | Funds Total Funds Total 2023 2022 Unrestricted Unrestricted |
|---|---|---|
| 2 3 |
£29,403 £29,403 £4,192 £4,192 £1,075 £1,075 £6,463 £6,463 £51 £51 £6 £6 |
|
| £30,529 £30,529 £10,661 £10,661 |
||
| £30,712 £30,712 £10,744 £10,744 £46 £46 £51 £51 |
||
| £30,758 £30,758 £10,795 £10,795 |
||
| (£229) (£229) (£134) (£134) £4,063 £4,063 £4,197 £4,197 |
||
| £3,834 £3,834 £4,063 £4,063 |
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KRUSHNA KRUPA TRUST
BALANCE SHEET AS AT 31 DECEMBER 2023
| Current Assets Cash at Bank and in Hand Net Current Assets Total Net Assets Funds General Funds |
Notes | £ £ £ £ £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 2023 2022 |
£ £ £ £ £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 £3,834 £4,063 2023 2022 |
|---|---|---|---|
| 5 | |||
| £4,063 | |||
| £4,063 | |||
| £4,063 |
In approving these accounts as directors of the company we hereby confirm:
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(a) The company was entitled to the exemption from audit under s477 of the Companies Act 2006 relating to small companies.
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(b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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(c) The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to small companies regime and in accordance with FRS102 SORP.
The accounts were approved by the board on 15 January 2024 and signed on its behalf
................…………
S Pabari - Director
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KRUSHNA KRUPA TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Principal accounting policies
(a) Accounting convention
The accounts are prepared under the historical cost accounting rules as modified by the revaluation of Land & Buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) (FRSSE). The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005).
(b) Interest received
Interest is accounted for in the period in which the charity receives interest from the bank and building society.
(c) Resources expended
Expenditure is included on a payments basis.
Unrestricted Funds
| Donations and other income Donations Inland Revenue Gift Aid Management and administration Other costs Fund Accounts General Funds As at 1 January 2023 Excess of Expenditure over Income As at 31 December 2023 |
2023 £ £29,403 £1,075 |
2022 £ £4,192 £6,463 |
|
|---|---|---|---|
| £30,478 | £10,655 | ||
| £46 | £51 | ||
| £46 | £51 | ||
| £4,063 (£229) |
£4,197 (£134) |
||
| £3,834 | £4,063 |
2 Donations and other income
3. Management and administration
5. Fund Accounts
7. Funds
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.
6. Employees
The average number of persons employed by the company during the year was 3 (2022:3)