**REGISTERED CHARITY NUMBER: 1139178**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
## for
## SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Report of the Trustees
for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1139178
## **Principal address**
103-105 Frisby Road Leicester Leicestershire LE5 0DQ
## **Trustees**
Jaiantilal Gopal President (resigned 18.5.24) Premabhai Sagar Vice President (resigned 18.5.24) Narsaim Dera Secretary (resigned 18.5.24) Satish Devji Assistant Secretary (resigned 18.5.24) Pramod Tandel President Vinod Aribai Vice President Pankesh Prabhakar Treasurer Ganesh Ucar Secretary Ramgi Sucar Trustee Mohan Dulobo Trustee Cangi Rama Trustee
## **Independent Examiner**
B M Kotecha Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB
Approved by order of the board of trustees on 19 June 2024 and signed on its behalf by:
Pramod Tandel - Trustee
Page 1
Independent Examiner's Report to the Trustees of SHREE DAMANIA MACHHI MAHAJAN LEICESTER
## **Independent examiner's report to the trustees of SHREE DAMANIA MACHHI MAHAJAN LEICESTER**
I report to the charity trustees on my examination of the accounts of SHREE DAMANIA MACHHI MAHAJAN LEICESTER (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
B M Kotecha
Sterling 67 Uppingham Road Leicester Leicestershire LE5 3TB
19 June 2024
Page 2
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
## Statement of Financial Activities
## for the Year Ended 31 March 2024
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
106,778
Other trading activities
3
39,864
Investment income
4
450
**Total**
147,092
**EXPENDITURE ON**
Raising funds
5
36,381
**Charitable activities**
6
Mandir/Puja/Donations
10,508
Social/Religious/Sports/ Educational Event
-
Other
3,008
**Total**
49,897
**NET INCOME/(EXPENDITURE)**
97,195
**RECONCILIATION OF FUNDS**
Total funds brought forward
635,576
**TOTAL FUNDS CARRIED FORWARD**
732,771|Restricted
fund
£
-
-
-
-
1,234
-
650
-
1,884
(1,884)
2,000
116|31.3.24
Total
funds
£
106,778
39,864
450
147,092
37,615
10,508
650
3,008
51,781
95,311
637,576
732,887|31.3.23
Total
funds
£
86,182
32,494
26
118,702
33,612
12,705
-
4,466
50,783
67,919
569,657
637,576|
|---|---|---|---|
The notes form part of these financial statements
Page 3
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
## Balance Sheet
## 31 March 2024
|Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
317,198
1,269
493,218
494,487
(78,914)
415,573
732,771
732,771|Restricted
fund
£
-
-
116
116
-
116
116
116|31.3.24
Total
funds
£
317,198
1,269
493,334
494,603
(78,914)
415,689
732,887
732,887
732,771
116
732,887|31.3.23
Total
funds
£
318,552
1,258
337,821
339,079
(20,055)
319,024
637,576
637,576
635,576
2,000
637,576|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2024 and were signed on its behalf by:
Pramod Tandel - Trustee
Pankesh Prabhakar - Trustee
The notes form part of these financial statements
Page 4
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements for the Year Ended 31 March 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|- not provided|
|---|---|
|Fixtures and fittings|- 25% on reducing balance|
|Computer equipment|- 25% on reducing balance|
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|Gifts
Donations/Members fees-General
Grants|31.3.24
£
2
106,776
-
106,778|31.3.23
£
-
84,182
2,000
86,182|
|---|---|---|
continued...
Page 5
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|||31.3.24
31.3.23|
|---|---|---|
|||£
£|
||Ward Community Funding|-
2,000|
|**3.**|**OTHER TRADING ACTIVITIES**||
||Hall & Utensil hire|31.3.24
31.3.23
£
£
39,864
32,494|
|**4.**|**INVESTMENT INCOME**||
||Interest Received|31.3.24
31.3.23
£
£
450
26|
|**5.**|**RAISING FUNDS**||
||**Raising donations and legacies**||
||Rates and water|31.3.24
31.3.23
£
£
2,491
2,490|
||Insurance|1,512
1,142|
||Light and heat|6,260
6,734|
||Cleaning|6,634
5,799|
||Postage/Stationery/Telephone|3,020
1,883|
||Sundries|556
150|
||Raffle tickets and trophies|7,638
7,516|
||Food, Plates & Cups|2,395
1,671|
||Repairs and Maintenance|3,200
3,312|
||Travelling Exp|3,690
2,865|
||Bank charges|219
50|
|||37,615
33,612|
||||
continued...
Page 6
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
## **6. CHARITABLE ACTIVITIES COSTS**
|Mandir/Puja/Donations
Social/Religious/Sports/ Educational
Event|Direct
Costs
£
10,508
650
11,158|
|---|---|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
One of the trustees received £3,300 (2023 - £2,250) for travelling expenses during the period.
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2023 and 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Freehold
property
£
313,134
-
-
-
313,134
313,134|Fixtures
and
fittings
£
43,784
39,856
982
40,838
2,946
3,928|Computer
equipment
£
1,907
417
372
789
1,118
1,490|Totals
£
358,825
40,273
1,354
41,627
317,198
318,552|
|---|---|---|---|---|
continued...
Page 7
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued
## for the Year Ended 31 March 2024
|**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 11)
Trade creditors
Other creditors
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**12.**
**MOVEMENT IN FUNDS**
At 1.4.23
£
**Unrestricted funds**
General fund
635,576
**Restricted funds**
Ward Community Funding
2,000
**TOTAL FUNDS**
637,576|31.3.24
£
1,269
31.3.24
£
78,313
1
600
78,914
31.3.24
£
78,313
Net
movement
in funds
£
97,195
(1,884)
95,311|31.3.23
£
1,258
31.3.23
£
19,455
-
600
20,055
31.3.23
£
19,455
At
31.3.24
£
732,771
116
732,887|
|---|---|---|
continued...
Page 8
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
147,092
**Restricted funds**
Ward Community Funding
-
**TOTAL FUNDS**
147,092
**Comparatives for movement in funds**
At 1.4.22
£
**Unrestricted funds**
General fund
569,657
**Restricted funds**
Ward Community Funding
-
**TOTAL FUNDS**
569,657
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
116,702
**Restricted funds**
Ward Community Funding
2,000
**TOTAL FUNDS**
118,702|Resources
Movement
expended
in funds
£
£
(49,897)
97,195
(1,884)
(1,884)
(51,781)
95,311
Net
movement
At
in funds
31.3.23
£
£
65,919
635,576
2,000
2,000
67,919
637,576
Resources
Movement
expended
in funds
£
£
(50,783)
65,919
-
2,000
(50,783)
67,919|
|---|---|
continued...
Page 9
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Ward Community Funding
**TOTAL FUNDS**|At 1.4.22
£
569,657
-
569,657|Net
movement
in funds
£
163,114
116
163,230|At
31.3.24
£
732,771
116
732,887|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Ward Community Funding
**TOTAL FUNDS**|Incoming
resources
£
263,794
2,000
265,794|Resources
Movement
expended
in funds
£
£
(100,680)
163,114
(1,884)
116
(102,564)
163,230|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
## **14. OTHER LOANS**
These are short term loans from the members and well-wishers, and are interest free and repayable on demand. These were advanced to the Mahajan to facilitate the purchase of the functional property at 103-105 Frisby Road, Leicester. LE5 0DQ, and additional property.
continued...
Page 10
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **15. FEES FOR EXAMINING THE ACCOUNTS**
The fee charged for preparation and examination of accounts was £600 (2023 £600).
Page 11
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024|||
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|2|-|
|Donations/Members fees-General|106,776|84,182|
|Grants|-|2,000|
|**Other trading activities**|106,778|86,182|
|Hall & Utensil hire|39,864|32,494|
|**Investment income**|||
|Interest Received|450|26|
|**Total incoming resources**|147,092|118,702|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Rates and water|2,491|2,490|
|Insurance|1,512|1,142|
|Light and heat|6,260|6,734|
|Cleaning|6,634|5,799|
|Postage/Stationery/Telephone|3,020|1,883|
|Sundries|556|150|
|Raffle tickets and trophies|7,638|7,516|
|Food, Plates & Cups|2,395|1,671|
|Repairs and Maintenance|3,200|3,312|
|Travelling Exp|3,690|2,865|
|Bank charges|219|50|
|**Charitable activities**|37,615|33,612|
|Mandir/Puja/Donations|10,508|12,705|
|Hall/Equipment hire/Performers|650|-|
|**Other**|11,158|12,705|
|Legal & Professional fees|1,654|2,845|
|Depreciation|1,354|1,621|
||3,008|4,466|
This page does not form part of the statutory financial statements
Page 12
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 March 2024|||
||31.3.24|31.3.23|
||£|£|
|Total resources expended|51,781|50,783|
|**Net income**|95,311|67,919|
||||
This page does not form part of the statutory financial statements
Page 13
SHREE DAMANIA MACHHI MAHAJAN LEICESTER
## Contents of the Financial Statements for the Year Ended 31 March 2024
|||Page||
|---|---|---|---|
|Report of the Trustees||1||
|Independent Examiner's Report||2||
|Statement of Financial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|11|
|Detailed Statement of Financial Activities|12|to|13|